Over the years, I've helped  entrepreneurs and investors develop the "financial fluency" they need to create, maintain, enjoy, and share great wealth. When it comes to real estate, a big part of that fluency is mastering the art of contract negotiation.

Just as math is the language of physics and money is the language of accounting, contracts are the language of real estate. The more fluently you speak that language, the more successful and profitable you'll be. And the keys to becoming a native speaker can be summed up in seven contract essentials.

But before I reveal these fundamentals, I want to make something absolutely clear. I am not looking for you to act like your own attorney. Nor am I asking you to become a real estate law expert. In fact, you will need to have a sharp attorney look over and write up many of your real estate contracts. But it's critical for you to understand the basics for two reasons:

Read More...

Have you ever met someone you immediately didn't like, even though you couldn't say why? At the time, you may have thought he just "rubbed you the wrong way."

What you didn't like probably wasn't the person himself. After all, you didn't know anything about him when you first met. It's more likely that he had poor communication skills.

Whether you're a doctor, a real estate investor, or work in a fast-food restaurant, the way you communicate has a strong influence on people's first impressions - good or bad. People who know how to communicate in a way that cultivates rapport make others feel comfortable - and that's an important skill to master in today's real estate market, especially when it comes to foreclosures.

Read More...

If you are just getting started in real estate you will need to learn how to minimize this risk before you can make any profit. One of the best ways to do this is to thoroughly research a property before you buy it. In traditional property sales this would be done through contact with the property owner and maybe a real estate agent, numerous inspections on the property, and a title search done before closing. All of these steps protect you as the buyer and ensure that there are no hidden problems with the property. If hidden problems do arise, you may even be able to secure compensation from the homeowner if he knew about potential problems and failed to disclose them to you.

Read More...

This means that you will have to pay loan payments and interest charges which will take a chunk out of your net profits. If you hold the house for too long, you may end up having to sell it for less than you originally had planned thus taking another chunk out of your profit.

With the goal being to make money and not just break even, this scenario is totally unacceptable in the world of real estate investments. To prevent this from happening to your investment, follow this real estate marketing advice:

Read More...

How many times have you heard the story about the guy who just lost his job, had no money, and his credit history was shot? Yet somehow he made fortunes by investing in real estate. Believe it or not this can happen. Many success stories happen because of join ventures in real estate.
The concept is not new. It is simply a matter of using someone else's money for profit. There are many people who are very interested in becoming real estate investors; however they do not know the first thing about the real estate market. This is where someone like the guy mentioned above can profit.