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You’ve Landed on the Most Informative Real Estate Investing Blog Given By One Person on the Web

 

You’ve Landed on the Most Informative Real Estate
Investing Blog Given By One Person on the Web…


That’s my goal for this blog. To give you the most information on real estate
investing… for FREE! I’ll give you quick tips and tricks to get
your real estate investing business off the ground or to the next
level (depending on where you are!). Even the wisest man is continually
learning… and so should you (I know I do). So I want to pass on
my years of experience if you are kind enough to listen! But please
do me a couple of big favors:
1. Still give me your email address and other info on the top right.
Why? Because there will be stuff I do NOT post on this blog or my
site (mostly do to time constraints) that will benefit you tremendously.
You can ask the other folks on my list, I don’t pound you with worthless
info and sales crap like other folks. I send stuff like, “Hey,
I just found this cool new way to market to sellers.” I’ll probably
email you so infrequently and the info will be so worthwhile, you’d
wish I’d email you more often!
2. Please share my blog with others you think might find it useful. This
might be others in the real estate industry, like investors, agents,
mortgage brokers. Or it could be cool people looking to make money
or know about real estate investing like you!
3. Comment on my blog about other topics you want me to talk about or
questions you want me to answer. Sometimes I take for granted what
I know and do when I’m buying, renovating, and reselling homes. It
becomes “second nature” to me, so I forget to post about
it. Your comments will help me get past that!
That about does it for the ground rules. I don’t know much about “blogging”,
so if you can help me make the format better, I could use all the help I can get!
Learn to Wholesale Real Estate
Greg Norman
Founder, RealityREI.com
Real Estate Investor

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How Much Your Neighbors Can Affect the Value of YOUR Home!

A trashy neighbor can affect value negatively 5-10%. So pay attention to the neighbors touching your lot!

Fun note: Video shot in front of the home featured in the movie “Benjamin Button” in New Orleans.

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A/C Ducts NOT the Same as Furnace Ducts

If you rehab a house and want to convert boiler or baseboard heat with existing ceiling air conditioning duct work to a forced air system, you may still have to replace the existing duct work. The duct work required for Air conditioning only is smaller than furnace duct work, so if the person installing it didn’t plan on using it for a heat, they may have installed the smaller size, which will be insufficient if you are installing a forced air system. Check with your HVAC pro during a home inspection to avoid this potential costly issue!

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Beware of Replacing/Installing Deck Steps off Elevated Back Door!

If you have a semi-detached or single family home with a back door that is 4ft off the ground and a basement below, it can get expensive replacing them TO CODE because code requires steps be set in solid ground. Government considers ground within a few feet of the house to be “fill dirt” (usually 6 feet, but check your county/town/city code). That means you may have to set your steps 10+ feet below the ground, which can get expensive! Other options include just putting in a deck or repair or replace with reinforced concrete leading to porch.

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Lock Set on Door

Lock Set on Door

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How to get the most from Odesk

How to get the most from Odesk

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BEWARE OF PARTIALLY BUILT FORECLOSURES!!

I get calls from agents and other investors telling me about the sale of one or some partially built properties that a builder never completed before going belly up. In this tip, I tell you what you should be aware of when checking out “incomplete homes”.

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ATTENTION Travelers: Best Workout Band

If you are on the road a lot, finding time to work out can be tough… especially if you are visiting family or a hotel without a good gym. So how can you get a good workout in? I recommend a workout band, a chair to do dips, and a floor to do pushups. The band is probably the most important. But you can break them pretty easily unless you get a good one. I found this Nike band with a woven exterior sheath holds up MUCH longer than just the plastic tube ones you normally find. The band will allow you to do a variety of different exercises to help you stay in shape while out of town. Enjoy!

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How to have a closing without going to closing!

You can save hours of time by NOT showing up to closing by doing a mobile closing or get your documents Fedex’d to you and wire the proceeds required to purchase.

You can also buy in a trust name and have a designated trustee to do all the legwork (signing) for you.

Finally, you can also buy in a company name and have a resolution that a 3rd party sign on your company’s behalf (some companies will not it documented well or may have a restriction against someone who is not a member/manager).

Not being at closing at the time of selling may also save you potential costs with your buyer because there are no “last minute items” to fight over!

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Where and When to Put Up Bandit Signs

Great post if you are using bandit signs to market to buy or sell homes.

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A Cheaper Alternative to Replacing a Low Deck

Consider replacing a low deck with a stamped concrete patio to lower cost & avoid the need of pulling a permit (which is typically required for a deck).

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