Larry Goins spent years perfecting his Filthy Riches approach to real estate. But where are the properties that Larry targets to generate so much personal income? The houses in this program are low-income, distressed, “dog with fleas” homes. They are ugly, unwanted and need more TLC than you can imagine. Most people would assume their next owner came equipped with a wrecking ball. You might be right, depending on some people ..

Every investor needs a strategy and this is just as true with HUD homes. You need to know what you want to do with a house before you buy. More importantly, you need to make sure you’re buying the best properties. That means only making offers on those houses which fit your criteria. You might choose to make offers on every HUD home that meets certain criteria…so what are yours? You could tell an agent to make an offer on everyt ..

Everybody has driven by a house that has been on the market for what may seem like years. You know the house: there might be a broken window here or there, the grass hasn’t seen a lawnmower for the last few summers, and the property overall has the look of negligence. It might seem ironic, but this is the dog with fleas property that Filthy Riches has based its success upon. We all know in today’s market, these unwanted houses a ..

By Dr. Teresa R. Martin, Esq., REIA NYC As a real estate investor, your assets will be exposed to a significant amount of risk- from natural disasters and unanticipated repairs, to major downward shifts in the market, problem tenants, and liability lawsuits. In the end, you may find yourself holding on to real estate that no longer has the value it did when you initially signed up for it. While you can't plan for every setback, there  ..

By Dr. Teresa R. Martin, Esq., REIA NYC If you want to build up a portfolio that generates real wealth and cash flow over the long term, then buy and hold real estate investing is one of the best investments around. Finding a good deal, holding on to it, and renting it out to others is a great opportunity to both generate residual income and build up your equity. But, just because it's a great opportunity in theory doesn't mean that i ..

By: James Thompson, REIA NYC Director of Technology After the networking session, seminar or workshop is over, how do we as small business owners keep in touch with the leads interested in doing business with us? If “The Fortune is in the Follow Up!” and it take 8-12 contacts with one lead to convert the lead into a client, what do we do as small business owners with limited time and resources. We continuously attend events pr ..

In the digital age, it's sometimes easy to catch yourself wondering how we ever got along without the kinds of technologies we take for granted these days. Imagine trying to run your rental business without cell phones, text messages, and emails. Even for those of us who did just that, doesn't the process now seem like a lot of unnecessary effort and frustration? In just a few years, I suspect that's the way most people will think of the  ..

First of all, let me get the legal mumbo jumbo out of the way. I have been a landlord for 15 years and a Private Investigator for 20. I make my living by providing investigative products to landlords that help them make the right choice when evaluating a tenant. I have been in the trenches my whole career, qualifying tenants and employees, and have come to realize that new regulation often gets overblown at first and then settles down later.  ..

A strong lease and a thorough investigative background check, performed and verified by a live person, are your first and best lines of defense against losses as an investment property owner. But even with those safeguards in place, there may be an important layer of protection that you’re missing… To understand why, imagine for a moment that you’re sitting at your desk. The phone rings, and when you answer the voice on ..

Not long ago, I found myself attending a convention in Las Vegas. I’m not much of a gambler (I’m too cheap), but hesitantly agreed to play blackjack with a few of my colleagues on our last night in town. The first hand I was dealt contained an ace and a jack – a combination of “21” that paid me back one and a half times what I bid. It turned out this game was pretty easy! You can probably guess what happened  ..