Archive | How to

30 November 2009 ~ Comments

Real Estate Investors Of Genius #2 Mr. Testimonial Whore

We salute you Mr. Testimonial Whore
While others have trouble testing a new product, you have not only tested but endorsed 400 guru launches and products in the last month alone. Most people would think that is impossible, but not for you, because you are Mr. Testimonial Whore.
Yeah, you might be endorsing products and giving less [...]

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30 November 2009 ~ Comments

In Search Of The Perfect Tenant

Every landlord is looking for the perfect tenant, with the perfect credit score, with the perfect job which produces the perfect income, and the perfect pet which usually means none.  If they had kids they would be perfect and stay inside with no toys.  They would never make any noise or disturb the neighbors.
On weekends, [...]

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27 November 2009 ~ Comments

Real Estate Investors Of Genius #1 MR. OBITUARY MAILER

We salute you MR. OBITUARY MAILER.
While family members are crying and grieving,  you are plotting how to make money from the relative’s death.
When others are sad about going into a funeral, you go with a stack of papers to sign and a well rehearsed appeal to try to get the home at a discount.
Don’t worry [...]

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25 November 2009 ~ Comments

How I Lost $50,000 On A Home Featured On MTV Cribs

This story starts out way back in 2005.
Most investors will only tell you what they made, here is a funny story about what I lost. 

Back in 2005 I moved to Georgia because I was too cool for the Iowa Real Estate Market.  I was making great money and I had way more money than [...]

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20 November 2009 ~ Comments

12 STEPS TO HELP YOU TALK DIRTY ABOUT PRIVATE……money

Having trouble doing late night pillow talk about private money? Don’t worry, here are 12 easy steps to help you talk dirty about private money.  I hope this tickles your curiosity and you come back for  more. So go ahead and read this, you big “no money down, $10 in the bank, creative real estate [...]

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15 November 2009 ~ Comments

Buyer’s List Whore

Iowa Investor definition for the day: Buyer’s List Whore.
What exactly am I talking about?  Let’s go into the definition below.
Have you ever overpaid for a guru’s course that talks about building a buyer’s list before you have a property?  You must create tons of fake ads to help drive a list of “motivated buyers” itching [...]

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12 November 2009 ~ Comments

10 Ways To Make Your Home Smell So Good You Can Taste It

Here is some insider secrets to make your real estate smell good enough to eat!  Now I’m far too lazy to do all these, but the longer a house sits, the more tricks I try.
1.  Roll of cookie dough- You can pick this up at the store for about two bucks and it makes your [...]

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12 November 2009 ~ Comments

HOW TO WASH MONEY FOR PROFIT

Almost every rental property I have ever owned had a tenant leave a nice working washer and dryer in the unit at some point. Most of the time they are buying new or the next place they are moving to already has them, so they will no longer need the old ones.
So instead of being lazy [...]

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10 November 2009 ~ Comments

Rental Calls Driving you nuts? Try This Thrifty Tip

Do you ever have a property that gets a lot of calls but not very many actual good leads?
To separate these calls from  your personal cell phone you can do this:
Buy a Virgin Mobile cell phone and have all those leads go to it.  You can customize the message for that property and keep your [...]

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10 November 2009 ~ Comments

LOCKBOX PAYDAY, BABY

Everyone who owns or manages property has dealt with tenants getting locked out.
You know they call when they come home late at night or when you’re in the middle of having fun.  So instead of getting all mad about it, I plan ahead.

When I put a tenant into the rental, I hide a lockbox in [...]

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