A round robin auction is the process of selling a property where a seller moves the property quickly to sale. That seller markets and holds his or her open house, then sells the property that very weekend (normally a two day period of a Saturday and a Sunday following the advertising that occurs earlier that…

On this week’s episode of Real Estate Money Tips, one of Marko’s students asks whether or not they can use lease option owner financing on the house they currently reside in.

Numerous sources abound on the habits of highly successful business lenders and entrepreneurs.  To be one should always be something you aspire to attain. Just last year, I wrote ” 8 Habits That Breed Success”. As many of you know about me, I started my business with virtually nothing, with English not being my native…

By definition, a real estate exit strategy is a contingency plan that one executes to either dispose of or divest from a position or interest in real estate once a certain timeline is passed, a status is attained, a circumstance occurs, or a transaction is finalized. Sound business acumen dictates a real estate investor must…

If you’re having a bad day, naturally the last thing you’ll want to do is smile. But it turns out, smiling may be the one thing you need to turn your day around. The Science of Smiling A study led by Fritz Strack in 1988 serves as one example of scientific evidence towards the positive…

Listen to Marko’s pointers on Short Sales in which students should be interested in. He will address whether a property needs to have negative equity in order to be considered a short sale.

To sell a property, among your first considerations is to determine how much to sell it for. In order to determine your sales price, you first must determine the actual fair market value of the property. Of course, the proper way to proceed is to determine the actual fair market value long before the time…

In real estate, as with most other businesses that seek business to fuel their success, where good and effective lead generation is a key ingredient for success, marketing is the engine that drives your business and is also the heartbeat that pumps it. Many have said and it so spot on, real estate investors are…

Your house is for sale. Your marketing is in place and calls are coming in. Your next order of business is to prescreen prospective buyers prior to showing them the property. In order to save time and be more efficient, have a prepared set of questions to ask these prospective buyers when they call. Keep…

Marko reviews a students foreclosure deal. He helps explains what can be done if it is could be a good deal. Listen to Marko go over options such as a forbearance agreement.

I have written posts on dressing for success before. It matters not if you are new to real estate or a seasoned investor. Revisiting what you choose to have as your wardrobe and what you wear takes on new importance as more millennials and ever aging baby boomers become prospective clients of yours. Successful investors…

To be and remain a successful real estate investor, you need to keep up with the operative state and federal laws that may or will impact what you do and how you do it. Unlike state laws that do vary from state to state, Dodd-Frank is federal law and that law will impact you no…

Successful real estate investors, myself included, recognize the importance and vitality of investing in real estate education to sharpen skills, increase knowledge, and hone the real estate strategies that seasoned investors employ. I have personally invested well in excess of a quarter of a million dollars over the years to further my education, directly and…

Marko goes over the reasons to personalize mailings. Listen to him break down misconceptions regarding how to send out mail marketing pieces. Also learn when is the right time to hand-address mail pieces as opposed to printing labels.

There are many threads to the coat of the real estate investor. Recently, I noted the three pillars of a successful real estate practice, marketing, automation, and delegation and emphasized the importance of empathy and ego as well. With the pillars in place, to insure the strong balance of empathy and ego, comfortably and credibly…

With the Republican and Democratic conventions now in the rear view mirror, watching the two principal contestants for President on the campaign trail, what they are saying and how they say it, I could not help but observe how it always seems to be about them and not us, the American people. So much ego…

A short sale, simply put, is the process of selling a primary residence for less than what is owed to a lender. A simple illustration will paint the picture. A bank has the only lien against a home. That home is currently “underwater”, which means the owner owes more than the property is currently worth…

The due on sale clause refers to that provision commonly found in a mortgage contract that requires the mortgage paid in full upon a sale or conveyance of the subject real estate that secures the lien. Mortgages with a due on sale clause are not assumable. The provision is all about protecting the lender’s interests….

Many real estate investors look at land contracts and land trusts as the same thing, peas in a pod, never realizing that they are not the same at all. A quick refresher. Land trusts are revocable living trusts providing the tandem of privacy and liability protection. A land contract is referred to as many things,…

A lot of folks, from experienced real estate investors to newbies, neither appreciate nor understand what land trusts are or how they may beneficially impact your real estate moves. Many confuse it with land contracts or misunderstand how they may benefit from land trust use. Another blog will cover land contracts. The definition of a…

Marko addresses a student’s concern about advice they received from their lawyer. Marko explains how some lawyers may not be the best candidate for your Real Estate deals.

Many real estate investors who maintain a job, a business, a profession, outside of their real estate investing business, have no idea that their real estate investing deductions and offsets may run afoul of the current IRS rules that may come into play with their rental properties to their great detriment and expense. To be…

I will continue to write about the three pillars of successfully running a real estate business which are marketing, automation, and delegation. Essential to that success for the real estate investor is the application of the right management systems and strategies to coordinate the implementation of those three pillars to ensure your business success. For…

From seasoned real estate investors to real estate pundits, we are advised time and again that the three pillars of a successful real estate practice require efficient, effective, and consistent mastery of marketing, automation, and delegation. Marketing, of course, is the lifeblood of your real estate success. Without leads, and good leads that lead to…

Today’s Question is: How to Handle Stubborn Sellers. Listen to Marko explain how to move forward and analyze. He gives options and cost benefit…

To have and maintain a successful real estate business requires financial resources sufficient to enable you to operate and fund every aspect of that business from marketing to closing deals and everything in between. Unless you are so independently wealthy that money is never a problem, experienced real estate investors will counsel you that private…

Real estate is a numbers game in the literal sense of the term. Almost every real estate transaction you complete requires you to crunch a few numbers. You don’t need to be a math genius; however, you must at least understand the basic calculations and concepts. Further, if you go on to become a real…

Experienced real estate investors often muse about operating their business to save money including how they may be taxed and how much tax they must pay. Knowing how to benefit from 1031 Exchanges immediately come to mind. What they are exactly and why those in real estate should be familiar with them and why is…