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It amazes me how many people start investing in real estate, only to fail when the going gets tough. As soon as people discover they can't get rich in a week or two, they are on to the next “guru" secret. It’s the same as weight loss--everyone talks about it, many try it, but...
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It surprises many beginning real estate investors when I recommend they get started investing without using their own money. They find it hard to believe that sometimes having money can be detrimental to learning to be the best real estate investor you can be.
It’s just...
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You can make a profit from the deals you find, even when the deals aren't a fit for your real estate business. Here are five tips to make sure you get paid for your time.
1. Sign up the deal!
This is the most obvious way to profit from every appointment you make.
2. T
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Here are five tips for successful negotiating.
Tip one: Four ways of dealing with seller objections
There are four ways to handle objections. Here is the list in order of least desirable to MOST desirable:
1. Flop! This means NOT dealing effectively with the objecti
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Tip one: Banks do not want to foreclose on real estate
I've seen a lot of investors miss out on huge profits because they just don't understand how far banks will go NOT to take back a property. Banks don't want to own real estate. Banks don't want to have bad loans on...
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If you had the chance to start over again, knowing what you know now, what would you do differently the second time around? This question cuts to the core of the essential lessons of a lifetime of real estate investing. Here is my six-part answer to this question.
Realize...
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