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Blog

  • The concept of fixing and flipping property has taken a new turn and nowadays, it is a lucrative way for investors to amass wealth and increase their personal net worth. Who knew buying that beautiful yacht would become easy after getting the hang of fixing......

  • Wholesaling is a great way to enter the world of real estate investing because you don’t need much capital to begin with. Real estate offers incredible wealth-building opportunities, but for many, it is difficult to get started in because of the huge capital investment required.......

  • Editor’s note: This is the first of a two-part column.  pl. hyp·no·ses (-sz): An artificially induced altered state of consciousness. Real estate hypnosis is the artificial induction of believing the “rules” of real estate don’t change. That well-established principles of real estate must be followed......

  • Editor’s note: This is the second of a two-part column. The first appeared Sept. 23. “You need money to make money”: This is the most powerful hypnotic lie for most investors. For most of my students this is the biggest barrier they need to break......

  • When speaking to the uninitiated about the innumerable benefits of investing in real estate, a common response I get is: “well, I don’t want to be running out to unclog a tenant’s toilet at 3am.” I wonder if they think that I want to? That......

  • Real Estate transactions have several participants seated at the closing table that are responsible for the success of the deal and that make a profit from the deal. If you were to sit down and figure the hours spent working on the project then divide......

  • It is well-nigh impossible to impossible to be a Real Estate Investor for any length of time without owning a house that sits vacant at some point- be it between tenants, or after a rehab and while you’re waiting for it to sell (in a......

  • I am a big believer in always seeking to learn from others with more knowledge and experience. Mentorship is probably one of the best ways to excel in the practical knowledge of just about anything. When it comes to learning how to invest in real......

  • Are you putting off a big decision or a big life change because you are afraid of what could happen? There is incredible power in defining and getting clear about the worst-case scenario, the nightmare that you’re too afraid to look square in the eyes.......

  • The opportunities to invest in Real Estate are nearly endless. I have previously invested in the development of a commercial building, residential developments, builder spec homes, builder model home sale/lease back, flips, new home builds and residential rentals. Most recently I’ve gone in a new......

Real Estate Investing Today

  • League of Cities’ Local Economic Conditions
    The National League of Cities recently released their Local Economic Conditions report for 2017 that gauges the performance of key local economic indicators from the unique vantage point of those who are held most accountable for prosperity and equity in cities: their chief elected officials.  Results are based on responses from... Read more »
  • Real Estate is not Risky, the Lack of Knowledge is Risky!
    On a recent episode of their BRAG (Be Rich And Generous) podcast, Larry Goins and Kandas Broome take questions and discuss the fears & even the “naysayers” that might keep you from getting started in real estate investing.  Larry says that “fear is false evidence appearing real” and emphasizes knowledge... Read more »
  • Goldman Sachs to Fund Flippers
    CNBC is reporting that Wall Street giant Goldman Sachs is getting into the house flipping market with its recent acquisition of Genesis Capital –  one of the largest private-money lenders in the U.S. focusing on “highly qualified and experienced real estate developers who buy, renovate, and sell single family residential... Read more »
  • Best and Worst Cities for Car Lovers
    Let’s face it, we love our cars in this country, hands down.  But as you may know, some cities are just better for car lovers and some places just can’t cut it.   With that in mind, the folks over at Realtor.com came up with a list of the top U.S.... Read more »
  • Fertilization Tips for Fall
    Fall is finally here and it’s time to start thinking about lawn-care preparation for the upcoming colder months.  The following infographic from The Home Depot lays out why Fall is the perfect time for this and what you need to do.  Remember, Spring is just around the corner (of course... Read more »
  • Could Tiny House Community Hurt Nearby Property Values?
    A developer in North Carolina is running into neighborhood opposition over his plans to build a tiny house community in Northwest Charlotte.  According to the Charlotte Observer, the developer, Kelvin Young, says his community will create an affordable place for first-time home buyers or for people downsizing from their current homes. ... Read more »
  • HVAC Worker Finds Secret Room While Renovating
    We have shared some pretty bizarre stories over the past couple years here on REI2Day.  You might recall the one about the contractors who gutted the wrong house , the seller who wouldn’t move out after the closing or maybe even the one about the house that was built on... Read more »
  • Renters Who Spend >30% of Their Income Are Declining
    According to a new report from NYU’s Furman Center, renters who spend more than 30% of their incomes for rent has fallen over the past three years to 47.7%.   In addition, report that median rents grew faster than inflation in almost all metro areas between 2012-2105.  The report analyzes data... Read more »
  • Multifamily Rents Stagnant in Q3
    According to the latest Yardi Matrix, multifamily rentswere flat in September, coming in at $1,314.  Nationally, rents were up 2.2% in September, a 10-basis-point decline from August, however for the third quarter they only increased by $1.  The Matrix Monthly is comprised of data gleaned from 121 markets covered by... Read more »
  • Zumper’s National Rent Report for October
    Rental information site Zumper recently released their National Rent Report for October showing that the median national rent for 1-bedroom apartment was $1,183 and $1,402 for a 2-bedroom apartment (same as September).  San Francisco continues to dominate their National Rent Index of 100 cities at $3,480/$4500 with Ft. Wayne, Indiana... Read more »

Meck Times

  • INVESTORS’ CORNER: Why lease options? Part 2 
    Jim Aydelotte Part 2 of 2 Lease options provide the ideal solution for many reasons… First – it requires little or no money to get started. That’s huge for many people, because if you were like me – I lived paycheck-to-paycheck. I did not have the funds needed to invest... Read more »
  • INVESTORS’ CORNER: Why lease options? Part 1 of 2 
    By   Jim Aydelotte Part 1 of 2 It’s almost a distant memory, because I have been an active real estate investor for several years now, and in those early weeks and months – it was such a confusing thing for me to get my mind around the idea that... Read more »
  • Legacy Real Estate Advisors leases West Morehead Street site to Picnic Table Productions 
    Andy Dinkin has closed on the property at 2132 West Morehead Street in Charlotte’s Camp Greene neighborhood. Picnic Table Productions, a video production company, has signed a seven-year lease for the building and has already relocated from their previous uptown facility. The 3,208 square-foot single-tenant office building, which Dinkin and... Read more »
  • INVESTORS’ CORNER: Seller financing saves the day 
    This is a deal that I am just wrapping up now, and one that many investors with a less extensive “bag of tricks” would have thrown in the trashcan at the first sign of troubled waters. I put a house under contract for X price, and very quickly contracted to... Read more »
  • INVESTORS’ CORNER: Neighbor’s perfect timing 
    An attorney called me about an estate he was handling and looking for a buyer for the house of the deceased. Figuring that if I bought this one I would become the go-to guy for this attorney, I grabbed my wife and quickly rushed over to check out the house.... Read more »
  • INVESTORS’ CORNER: My “hoarder” house 
    I’ve purchased houses in all shapes and sizes, but never one even half this cluttered. It was a condo in a lakefront community. So far, so good. From the outside, it looked no different than the 40-odd other condos in the community. Come to find out, this is because the... Read more »
  • INVESTORS’ CORNER: In real estate investing, know your market 
    For some of you who have bought courses and attended seminars, creative real estate might be something that sounds great in theory but doesn’t “Creative” real estate means different things to different people. To real estate investors, it describes “out of the box” methods of buying and selling real estate.... Read more »
  • INVESTORS’ CORNER: How to value seller financed notes and mortgages 
    This is a very quick, broad approach to a subject that could easily fill an entire book, but it should give you an idea of some of the variables that determine how great of a discount a note buyer is likely to ask for. For background, a seller financed note... Read more »
  • INVESTORS’ CORNER: Do you know “No” and “No Representation” ? 
    In North Carolina, the seller of residential real estate property is required to abide by the Residential Property Disclosure Act (the “Disclosure Act”) and provide the potential purchaser a Disclosure Statement. The Owner has three options: (1) disclose and provide information on known conditions; (2) represent that the owner has... Read more »
  • INVESTORS’ CORNER: How do I evaluate a rental property? 
    by Nasar El-arabi Rental property market investors, newbies and seasoned investors alike, may be wondering whether this is the best time to invest in rental properties. Most experts agree that the time is ripe to make forays into the real estate rental property market. It is common knowledge that the... Read more »