Real Estate Thoughts
Welcome to Our Blog of Real Estate Thoughts
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For those of you who wanted more info on George DiLeo’s presentation on how he is using crypto-currency to fund real estate deals, or for those of you who just want to sign up for his crypto currency platform. Here is the info that you need. For those of you who missed George’s presentation. ...
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Anatomy of a Pittsburgh House Flip. House flipping is all the rage, largely because it can be very profitable and because the people on TV make it look so easy. Let me clue you in, those people aren’t flipping houses in Pittsburgh. They also aren’t exactly trying to make money, the TV show ...
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The 100% hard money financing scam.
There are a lot of scammers on the internet, and this should
come as no surprise to anyone. While some of the crazy ones will promise things
like millions of dollars for unsecured loans.
The most common one that I see is the 100% hard money financing scam. Hard money loan scams ...
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Hard Money Loans for Harrisburg PA are here thanks to the efforts of the Pittsburgh Real Estate Investors Association. This new program was created for members of the association, but there is so much funding that you don’t need to be associated with our club of anyone else for that matter. Anyone with a fix ...
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Erie PA house flippers, this is for you.
We have connected with a large money lender from Texas and they are looking to lend big piles of money to anyone in PA, all the way up to Erie, that can produce a profitable house flipping deal.
If you are in the business of ...
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If you happen to be a house flipper in and around the Greater Philadelphia Metro Area, then you will want to read this post.
My group from the West Side of the Pennsylvania has secured a deal with a major Texas based funder to bring massive amounts of cash to the fix and flip market ...
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Attention house flippers in need of money. We have you covered. During the past few months, we have been looking for ways to add value and to help Pittsburgh based real estate investors more successful.
What we came up with is pretty amazing. We now have ...
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If you are in the Pittsburgh area, then you are in luck. The Pittsburgh Real Estate Investors Association has access to nearly unlimited funds for your fix and flip deals.
The concept is simple. We connect you with the hard money loan that you need, and you make money.
This is a ...
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Andy Heller Foreclosure course recording and ordering links
For those of you who missed it, we had a great presentation
on Saturday. Foreclosure Expert Andy
Heller spent about 4 hours explaining why there is a foreclosure crisis coming,
and how, we as real estate investors need to position ourselves to profit from
this once in a life time event. ...
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How to sell your how without an agent
The process of selling a house is fairly simple. You come up with a price, create a marketing package, and you cast your bait out into the internet. It is the small details of how to accomplish all of these simple steps that get people all ...
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So, what is your dream?
If you tell me retirement, what does retirement look like for you? Do you want to travel the world? Buy a fishing cabin? Restore an old car? To be successful in real estate, you need to
know your “why”. A “why” is as
individual as a fingerprint. A “why” is the fuel that ...
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The internet is full of scams that promise to help you avoid foreclosure. There is a legitimate way to do this, but it is not a magic wand that will solve all of your financial problems. What it will do, is it will get you out of a monthly expense that ...
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How to find a real estate mentor
A basic definition of
a real estate mentor is someone with the experience and track record of success
who is willing to share their time and knowledge with you. A mentor will share his experiences with you,
but good and bad, in order to speed up your learning curve. The lessons that ...
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A real estate mentor is one of the common names for someone who individually guides and educates new real estate investors. A real estate mentor is also commonly called a real estate coach, or a real estate consultant. The name is basically irrelevant. It is the ...
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Before we get into how to buy rental property, you need to understand that not all rental property is created equal. Some of the best deals you will ever do in real estate are the ones you walk away from.
The key to buying rental property is to correctly identify the best ones, and ignore ...
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A lot of people are attracted to real estate investing because there is a ton of money to be made. The problem is that many of those same people have no money to invest. The good news is that investing in real estate with no money down is a real thing. Real people ...
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I know what you are thinking, there has to be a trick. Well there is. You need to know a few things about real estate investing before you can buy a rental property with no money down. You also need to know a few things about people, and you have to be willing to talk ...
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There are two ways to gather the skills that you need to make a living. You can either gain those skills by attending a school and getting a formal education. The alternate is that you can learn directly from someone who already has the skills that you require.
The formal education route is ...
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10 Questions to ask a real estate mentor
How long have you been a real estate investor? This questions is very simple question to determine the experience level of your potential mentor. You really want a mentor who has been through a few market cycles. You want someone who has seen hot markets and ...
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There are basically two ways to learn how to be a real estate investor. The school of hard knocks is the method that most budding real estate investors choose. This is by far the slower more painful way to learn. It is also very expensive. If you don’t believe me, go ahead, ...
- Attention Pittsburgh Real Estate Investor Members
As many of you know, I have been working on new ways to help everyone in the group to buy and sell houses. The first idea was to build out an MLS system or pretty close to an MLS system for our own use. This was a total disaster from ...
- A couple of months ago, we had a really busy meeting, and there was going to be no time for REIA members to present properties for sale. So I sent out a message that I would email out houses for sale to the entire membership.
I honestly had no idea how popular that idea would be. Then ...
- You really can judge this book by the cover.
This book is really a compilation of the writings of some of America’s most exciting, and best known real estate guru’s. The authors of this book have written over 50 individual books on real estate investing. They have spoken too millions of real estate investors, and taught ...
- A new benifit for Pittsburgh REIA members
As many of you know,me and my team are always working to find new ways to either save money for Pittsburgh area real estate investors, or new ways to make money for real estate investors.
This new creation of mine will help make you money at the same time that ...
- Easy Upgrades: Cost-Efficient DIY Improvements
Like many homeowners, you probably emerged from winter with a list of to-dos for your home interior. Spring just seems to cast into stark relief those dingy and rundown features that are screaming for an upgrade. If it all seems too expensive or time-consuming, take heart: There are many improvements ...
- Property Upgrades via DIY Construction
As we all know days can get long as we wait for the quarantine to end. However, now is the perfect opportunity to upgrade your real estate property with a few different DIY construction projects. Below is a list of just a few to consider.
1. Backyard Jungle-Gym
With most outdoor areas either ...
- Winterize in the Fall, Not the Winter: Tips for Homeowners
It’s September, which means there’s a hint of fall in the air in many parts of the United States. The advent of fall also means you’re probably putting together yet another fantasy football roster and listening to the kids grouse about homework and early bedtimes. Fall ...
- End of Summer Upgrades to Your Property
Sadly, the time for flip-flops and shorts is ending in Pittsburgh, and the time for flannel and boots is right around the corner. With the weather cooling down, now is the perfect time to tackle some last-minute upgrades before fall approaches. Here are some ideas for late-summer cleaning projects ...
- Easy Upgrades: Cost-Efficient DIY Improvements
Like many homeowners, you probably emerged from winter with a list of to-dos for your home interior. Spring just seems to cast into stark relief those dingy and rundown features that are screaming for an upgrade. If it all seems too expensive or time-consuming, take heart: There are many improvements ...
- Flipping a Foreclosed House Part 4: Exterior
Would you consider the appearance of the outside of a home or the inside of a home to be more important when it comes to real estate? Many people would answer “both”, which can be true in many ways. However, you should really consider the bigger question – ...
- Flipping a Foreclosed House Part 3: Interior
Updating the interior of a foreclosed real estate property for investing purposes means transforming stale walls and dull wallpaper to appeal to modern sensibilities. Follow these tips to help get the most return on your investment without venturing wildly outside of your budget.
Popping Popcorn Ceilings
You’ve just got to get ...
- Flipping a Foreclosed House Part 2: Landscaping
When it comes to fixing up a foreclosed home for resale, sometimes people focus so much on the interior that they forget about curb appeal. Yet, curb appeal is what gets potential buyers ringing the doorbell. Many do not realize that a little landscaping effort can go a long ...
- Flipping a Foreclosed House Part 1: Assessing and Buying
Flipping a foreclosed house can be a great investment—with nearly a third of all home sales consisting of homes in some stage of foreclosure in recent quarters, there are bargains to be had for home buyers and rookie house-flippers alike. However, the process to assessing and purchasing ...
- 2018 Real Estate Investing Checklist
Purchasing property is always an exciting event in anyone’s life; however, it’s not always the most clear-cut decision one has to make. There are plenty of factors that go into deciding whether or not you’re even ready to look for property to invest in. Can you handle the financial burden of ...
- “I prefer to be true to myself, even at the hazard of incurring the ridicule of others, rather than to be false, and to incur my own abhorrence.” ? Frederick Douglass
Let’s talk about your independence day. Not the one we just celebrated on the 4th of July. That was America’s Independence Day and it is ...
- Happy Birthday America
In this time of fireworks and grilling, I suggest
that we take a moment to
remember why we celebrate the birth of this great
nation.
The Founding Fathers of America were brilliant men who crafted a
legal
document that shocked the world. The Constituton of the United States
is
a declaration to the world that America would be goverened by the
people,
and ...
- Note investing, Dealing with tenants, investing in raw land and more
Newsletter material
As always the Pittsburgh Real Estate Investors Association is dedicated to bringing you the best education possible so that you can make the most money possible.
A note on notes
In the coming weeks we will be talking about note investing a bit. At the most ...
- In case you missed the last email:
Hello All,
I apologize for not being at the first meeting on the 3rd however that won’t stop us from going down to the courthouse and taking a first hand look at how to file a trust. If you are buying a new property you can really get an appreciation ...
- Pittsburgh Houses for Sale from REIA members
Easy Flip on Desirable
Street in Carrick – ARV 105k – $42,900
Located on the border of Baldwin Boro
but in the City. Large yard and
attached garage. 3BR brick ranch. Lots of
comps on this street with low
days on
market.
Contact
Dave: 412-414-9644
WhiteacrePropertyCo@gmail.com
Well-Maintained
and Updated House in Elliott – $21,000
Corner lot with detached garage.
Updated kitchen and windows. ...
- First off, I want to wish all the Dads out there a Happy Father’s Day.
Enjoy
your time with your family. Family is what makes investing worth
the
effort.
Now on to keeping you out of jail. Staying out of jail is
a key component
to enjoying life with your family, so it just soft of
dovetails with todays
topic. The article below talks ...
- Just a quick reminder, there will be no mentor meeting this Sunday due to Father’s Day
As much as I believe that there is real value in the Sunday mentor classes, and I feel that going over live deals is important. I have held the idea that we will not meet on holidays. We make money ...
- Stupidity from Penn Hills
Hi Josh,
Hope all’s well!
Not sure what to do about this but thought you might have ideas. Per the attachment, It looks as though Penn Hills was able to sneak through an ordinance similar (but even more costly) to that which we were able to stop in the City of Pittsburgh.
Irina was given ...
- Lou Brown sub-group update
Hello All,
I apologize for not being at the first meeting on the 3rd however that won’t stop us from going down to the Allegheny County courthouse and taking a first hand look at how to file a trust. If you are buying a new property you can really get an appreciation for ...
- Robyn Thompson Update
I have a couple of updates from Robyn. The first is that the recordings of her full day seminar are available. I have 100 of them. Im not sure if I can get more later or not. Robyn sells these recordings for $69.95 to her students but she let me have a batch ...
- Don’t Let Who You Were Talk you out of Who You’re Becoming
Lots of exciting stuff at this next monthly REIA meeting
This may be the most education packed Pittsburgh REIA meeting ever. Usually we focus on one single way of making money in real estate. On June 16th, we will set a record by bringing in ...
- REIA Sub-Group Meetings for the month of June 2015
Commercial Sub-group Meeting Tuesday the 9th
The commercial group meeting will be at 7pm
Kings Restaurant in Heidelburg – Bridgeville
In the same plaza as Walmart and Lowes
Today we will be talking about a couple of live deals on a 36 unit and a 24 unit building. There is ...
- On Syndication – How small time investors run with the big dogs.
Syndication is a technique where a group of smaller investors pool their resources and go after bigger property. You usually see this sort of thing in commercial property or in areas where costs are insane. The Pittsburgh REIA club is actually putting two of ...
- Lou Brown Trust Group Meeting Tonight
The Pittsburgh Real Estate Investors Association Sub-Groups are for Pittsburgh REIA members only.
Tonight the Lou Brown sub-group on using trusts for asset protection and more will be meeting tonight at 6PM at the Panera in Robinson. There are actually two Panera’s in Robinson Township, we are meeting at the Panera ...
- If you have to go work today then you should be mad.
The goal of every real estate investor should be to become financially independent. Financial independence can mean a lot of things, but first and foremost it means that you don’t have to get up and go to work Monday morning. Let that sink in ...
- Updates for those of you who missed the Robyn Thompson seminar on the 23rd. You screwed up. If your family forced you to miss a full day with the queen of rehab then it is time to get a new/better family. Robyn was awesome and she covered a variety of topics from wholesaling, to asset ...
- PWSA class action law suit
As some of you know a class action law suit has been initiated against PWSA. Pittsburgh REIA will be one of the plaintiffs. I will get details of how each of you can join in on this long overdue law suit. Anyone who has ever had to deal with PWSA should ...
- The Meaning or Memorial Day
As many of you know, Memorial Day has nothing to do with cookouts. Memorial Day is a day where we the living remember the brave men and women who went off to fight for our freedom and never came back.
I have known some of these people as have many of ...
- When can you quit your job?
I wrote this article to address a question that I get occasionally. I have seen people who quit too early and that is a mistake. I want you all to quit your day jobs, but at the right time for you and your family
We all talk about quitting our jobs, ...
- June 4th Self-Directed IRA Course
Hello Josh
Would you be able to give me a few minutes at this months meeting announce a workshop I want to give. June 4th location to be determined.
WHAT THIS CLAS IS: This class designed for real estate investment providers. Many real estate investment providers have specific systems for investors. This class is ...
- Let’s be honest, I love real estate. Part of what I love about real estate is that it is so much better than every alternative. Unlike stocks and bonds or other forms of paper assets, real estate has intrinisic value. It is worth something no matter what happens in the market because people are always going ...
- A Learning opportunity for everyone.
As you know by now, I am all about education. In real estate there is no such thing as too much education. My true passion is teaching people how to make money and real estate is my vehicle. That being said, I try to send out a good deal of ...
- Using Drones To Sell Commercial Real Estate
It won’t be long before these things are used to sell single family houses. I am already seeing drone use on ultra-high end houses in Pittsburgh.
I gathered this article from the CCIM newsletter. While this newsletter is aimed at commercial real estate, it has some carryover to our world.
Drones ...
- Wage Garnishment in Allegheny County
By David M. Tkacik, Esq.
In Pennsylvania, a landlord with a final judgment for debt incurred under a residential lease may garnish or “attach” the tenant’s wages. This can be a very powerful collection method and may be the only viable option for a landlord to get paid. Other types of creditors, ...
- Help for short sale investors
Action Required: Contact Your Local Senator
The Following US Senators should be contacted in a friendly and encouraging manner to urge their support of the Mortgage Forgiveness Debt Relief Act in Senate Bill 351. Please FAX a 1-page letter, on your letter head to the Senator in YOUR STATE. A few sample ...
- NEW Line of Credit for Fix n Flip
For the Pittsburgh Real Estate Investors Association Members
New lending program for real estate investors that Fix and Flip property designed to grow your deal flow and business! Just in time for the Robyn Thompson Seminar !!!!
Fix n Flip Loan Program
– Have money for your deals ready when you ...
- May Special Seminar – Flippin the Burgh
Pittsburgh real estate seminar wtih Robyn Thompson flipping houses
This all brings me to Robyn Thompson. Robyn is a great speaker. Well maybe she is. It’s pretty easy to speak when all you are doing is recalling the events of your own life. In her case, all Robyn talks ...
- Financing – conventional vs creative
In the real estate investing game there is a lot of talk about financing in all of its forms. As you become a more sophisticated real estate investor, more and more financing avenues open up before you.
Cash is an option for some. Cash is also my least favorite way to buy ...
- Getting started as a real estate investor.
I can dedicate this article to assembling your real estate team. There are a lot of real estate educators who will talk to your about getting your team together. You need a real estate attorney, you need an accountant, you need contractors, you need a real estate agent, you need a ...
- One of the biggest mistakes that I see from new or even seasoned investors is that they watch those flip this house shows and they think that flipping is easy, BIG MISTAKE.
There is a ton of money to be made in flips and you can make 50-100k on a flip in Pittsburgh.
The down side is ...
- There are times when the market screws itself up. Then there are times when the government steps in to screw a market up. This is the second thing. The Gov in Washington feels the need to screw up the housing market even further, and this is a really good way to do it. At the behest of ...
- Thank You Lou Brown
Thank you, for teaching the members of the Pittsburgh Real Estate Investors Association how to use trusts in Pennsylvania. Thank you for dispelling the myths about trusts in PA. Most of all, than you for teaching our club all about using trusts for asset protection, and to control property without buying the ...
- Ok my fellow investors here is the deal.
I have a $11,300,000 commercial property under contract and I can raise $10,500,000 in financing and still make this deal work. Notice the $800,000 gap between what I can raise and what I need? That is why this post exists. I am willing to give up a % ...
- Do you want to be a guest on my radio show or do you have a question that might help other investors?
As some of you already know. I have revived my old radio show and I am scaling it for a local audience. My previous shows were geared towards a national audience with mostly national ...
- Real Estate Investing 101 with Josh Caldwell – Options, your magic bullet
In this episode, real estate guru Josh Caldwell will be discussing the many uses of the option contract.
You can use an option contract to buy, sell, or flip a property,
options can be used on commerical, and residential real estarte, and raw land.
You can use ...
- Real Estate Investing 101 with Josh Caldwell – What do you need to get started?
I did a radio broadcast on the topic of how to get started as a real estate investor. In this episode I cover some very powerful topics including
Why real estate?
Who can make money in real estate?
Monkey math
What do you really need ...
- Renters are not converting to buyers anymore, and here is the reason. Author Trey Garrison sorted through data released by the NY Federal Reserve Bank for clues. Read his article below.
Why aren’t more renters becoming homeowners?
New York Fed report suggests the answers are obvious
Trey Garrison
The main factors preventing renters from becoming owners are weak balance ...
- Housing and Urban Developement HUD to provide $150 Million to help disabled
This announcement from HUD means that there will be more local money to help disabled people find housing that is suitable for their needs. This is important to voucher program recipients. Landlords should be excited.
HUD AWARDS $150 MILLION TO PROVIDE PERMANENT HOMES AND SERVICES ...
- These Are the 20 Hottest Housing Markets in the U.S. Right Now
Pittsburgh Real Estate Market at the top of another national survey
Houses in Pittsburgh PA sell quickly compared to other cities in America. The strength of the Pittsburg real estate market is still building.
Looking to buy a house? You’d better be on your game. High ...
- Are you self sabotaging? The psychology of real estate investing.
A number of new and not so new real estate investors seem to get stuck at a point. At the core, real estate investing only requires two things. You need an education in the ways of real estate investors and you need to take action. That ...
- A Primer on Hard Money Loans
by Rick Tifone, CCC Holdings, LLC
This primer is based on the most frequently asked questions I receive from investors who are seeking financing.
What is a hard money loan? A short term loan through which a borrower receives funds secured by non-owner occupied real property. Hard money loans are typically issued ...
- Why risk it? Here’s a better way
Hello Pittsburgh REIA,
Why take the risk?
Seriously!
Why jeopardize EVERYTHING you’ve worked so hard to earn and not protect yourself and your family from frivolous lawsuits?
It’s not difficult. It’s not time-consuming. And I’m sorry, but you can’t use cost as an excuse because it’s not expensive. Heck, I’ll even give you ...
- The art of negotiating real estate deals.
I say that negotiating is an art but cause whenever two individuals are talking about the price or terms of a house, a lot of weird things can happen, so there is no room to call this process a science. I once had a seller counter my offer with ...
- Learn how to buy with no money on TERMS
Call it TERMS, ACTS, REACTS, CATS or any other acronym that any guru comes to town with. The concept is still the same.
I have been using no money down techniques for years, right here in Pittsburgh PA. I don’t operate in the fantasy world of the ...
- Self-defense with John Brown of 3 Rivers Tactical Training Solutions.
I was quite pleasantly surprised to spend my weekend with 34 other Pittsburgh area real estate investors and their family members. The pleasant surprise was that all of these individuals were with me at John Brown’s pistol self-defense course. When I first talked to John about ...
- A lesson in due -diligence well several actually,
It’s been a fun week so far. I want to take a moment to thank God that I spend a good deal of time working on due diligence. For those who aren’t familiar with that term, due diligence is the legal term for the art and science of ...
- Pittsburgh Area Properties For Sale
Before I get started, I have a couple of housekeeping notes to address.
#1 – I titled this newsletter as “Properties for sale”, so that investors who are not looking for more property can just delete this edition and move on.
#2 – This is a test of property selling machine that I ...
- The Impact of Governor Wolf’s Sales Tax Expansion Proposal
In an effort to increase revenue for the State as part of his proposed budget plan, Governor Tom Wolf has proposed legislation to increase Pennsylvania’s sales tax from 6.0 to 6.6 percent while significantly broadening the scope of applicable purchases. Perhaps most notably included in his new ...
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$35.00 Per Adult 18+ Rental Application $35.00 Per Adult 18+
$50.00 Married Couple Cash or Certified Check Only $50.00 Married Couple
Each Occupant Over 18 Years of Age MUST Fill Out a Rental Application
ONLY CLEAN & RESPONSIBLE PEOPLE WHO PAY RENT ON TIME MAY APPLY with valid ...
- From Bill Laughner, Submitted to Pittsburgh REIA.
Here is a version of Jean’s lease I use. I modified and added a couple of clauses such as no interest on security deposit, scheduled and missed contractor appointments. I had tenants scheduling repairs but to lazy to get out of bed to let contractor in. This clause fixed that.
Line ...
- Getting started in real estate investing questions from a newby
I recently got a series of questions from a new investor. I get a lot of questions that look like these, and to be honest, he asked a great group of questions and I thought I would share with the group. His queations are in black, ...
- Can a credit card debt lein be attached to real estate
A credit card is unsecured debt until they get a judgment then they become secured against any real property owned by the debtor. If a credit card or anyone gets a judgment against someone it becomes a lien against any real property that they ...
- 1. AVOID PASSIVE LOSS LIMITATIONS: Deduct Unlimited Property Tax Losses Even if Over $25,000 or Your Income is Over $150,000 by Being a Real Estate Professional.
With the aforementioned non-cash componentizing deductions piling up, your properties are going to be throwing off paper tax losses which you want to fully deduct against your other income.
Except for $25,000 ...
- Jon and Stephanie Iannotti, REACT, CATS course
I just got off the phone and I am really excited!!!
I was on the phone with Jon Iannotti. For those of you who don’t know Jon, he is the creator several terms course. Yes, you heard me correctly, Jon helped create a creative finance course. At the time, Jon didn’t want to be the guy ...
- A note on advertising your properties.
I don’t care if you are renting or selling a house, you need to explain to people why they should choose your house.
I recently had a student send me a really bad advertisement. It was complete, it had all of the info, but he/she pointed out all of ...
- How real estate professionals spend a snow day.
Professional real estate investors are weird people. We do not look at things the same way that normal people look at things. For example, today the snow is really coming down; driving around town might be a bad idea. I live near ...
- A Virtual Assistant (VA) can do just about anything that can be done via phone & computer. This is a very cost effective way to get the assistance you need help you succeed. In the real estate investing world, VAs can find FSBOs, call the seller and complete a property information sheet, screen buyer calls ...
- Jean Yevic Lease
This is the famed lease created by Pittsburgh REIA, Western Pennsylvania REIA, and ACRE Pittsburgh founder Jean Yevic
WPREIA Lease
RENTAL AGREEMENT
INVENTORY RECORD
Received requirement
for leaving premises
Received schedule of
damage charges
Keys received
THIS AGREEMENT IS MADE AND ENTERED INTO BETWEEN:
AGENT/LANDLORD:
TENANT/S:
ALL OF THE PREMISES DESIGNATED AS:
CONSISTING OF:
FOR THE SUM OF: $ /MONTH
TOTAL SUM OF CONTRACT: $
TERM OF AGREEMENT: BEGINNING ...
- Building Your Fortune Buying Vacant Land
By Kathy Kennebrook (The Marketing Magic Lady)
There are lots of great ways to make a lot of money in real estate, not the least of which is buying and selling vacant land. This is an effective way to do real estate deals with no hassle, no rehab, no insurance and ...
- How to Find Motivated Sellers with Almost No Money
By Kathy Kennebrook (The Marketing Magic Lady)
You can locate motivated sellers even if you have little or no money to work with. Way back in the early days of my business I used some very inexpensive techniques to locate very motivated sellers, since we only ...
- Following Up with Motivated Sellers Can Make You Millions
By Kathy Kennebrook (The Marketing Magic Lady)
Let me ask you a question; are you properly managing your prospects? Are you taking the time to follow up with the sellers who didn’t initially accept your offers, or the sellers you still need to make offers to? Did you ...
- The cost of education for real estate investors
In the great world of real estate investor clubs there are really two components. The first component is networking. It is very important for both novice investors and experienced or professional investors to network with their peers but that is another article.
Education is the other main component. The ...
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Where are Pittsburgh REIA members from (not just Pittsburgh)
We are a club of real estate investors and future investors who have chosen real estate as a vehicle to achieve financial freedom. We are from every neighborhood and town in Western Pennsylvania. We also have members as far south as Boca Raton Florida, as far West ...
- Coming to your first Pittsburgh REIA meeting?
I get this question a lot, “what do I need to do to prepare for my first REIA meeting?”.
The answer is simple, all you need to attend a Pittsburgh Real Estate Investors Association (REIA) meeting is a good attitude and a desire to learn. It might also be helpful ...
- Pittsburgh real estate values, its all about neighborhoods
Welcome to the Pittsburgh real estate market. As real estate and home buyers, we love this market. Before I go too far into why I believe that the Pittsburgh market is the best place to buy real estate, I want to go off on a tangent.
This is ...
- How to use your IRA to make money in real estate
A little known loophole in the law allows Americans to manage their own IRA account. The account needs to be held by a third party IRA administrator. There are only a handful of these companies scattered across the country. I don’t make recommendations as to ...
- Getting started as a real estate investor.
On of the biggest hurdles that real estate investors face is getting started. There are so many hurdles that it is easy for a novice investor to get sidetracked and stall before they ever get moving. The entire premise of the Pittsburgh Real Estate Investors Association or PittsburghREIA is ...
- Investing in up and coming neighborhoods.
Every real estate investors wants to invest in a neighborhood that is up and coming. There neighborhoods go through phases. Get ahead of the crowd and you can make a lot of money, choose the wrong neighborhood and you could be stuck in an area where nobody wants to live. ...
- After Repaired Value – the key to flipping
Sometimes I watch TV, and when I do, it’s usually something about real estate. I know I am obsessed and I am a dork but that is my life. So I am watching the TV show Flip or Flop on HGTV and the stars of the show have ...
- What is title insurance and do you really need title insurance?
Title insurance is exactly what it sounds like, it is insurance that the title to the property which you are buying is free from defects.
Do you really need title insurance?
Yes you do, if you are buying any sort of real estate. Notice that I said ...
- How to find Pittsburgh property buyers
If you are trying to sell a house or even a commercial property in the Pittsburgh area, then I suggest you reach out to the people who buy more property in the Pittsburgh area than any individual. The members of the Pittsburgh real estate investors association buy hundreds of houses ...
- What is the worst place to look for a real estate deal?
The absolute worst place to look for a deal in the real estate market is on the Multi-List System or MLS. One of the great advantages that real estate investing has over virtually every other sort of investing is that the information is asymmetric, ...
- How to figure out what your property should rent for?
There are a number of ways to come up with this magic number. The first and most commonly used is the wild guess. The wild guess can be problematic because our human brains will mostly guide us towards a safe number and we will end up ...
- Reggie Brooks – Reggie Brooks is the abandoned property expert. Reggie has made a fortune by buying the property that everyone else ignores. The great part about this technique is that Reggie has almost no competition in his market. Because he is the only buyer, he gets to buy houses and insanely low prices. Then ...
- Scott Meyers – Scott Meyers is the leading expert on self-storage facilities. Self storage is a great subset of the commercial real estate world. It functions like a commercial multifamily property in that any individual tenant doesn’t affect the bottom line much, but unlike the big commercial multifamily complexes, there are no toilets to fix ...
- Why You Should Join the Pittsburgh Real Estate Investors Association
The simple answer is because hundreds of other local investors understand the value of this association, and meeting them will shorten your learning curve. In reality there are a number of very good reasons to join the Pittsburgh Real Estate Investors Association.
If you are a beginner, ...
- Ron LeGrand – Ron is the Millionaire Maker because so many of his students have gone on to become millionaires themselves. Ron has taught nearly every national speaker alive today as some point in their careers. I don’t believe that there is another person on earth who knows as much about real estate and creative ...
- The Pros and Cons of Being a Section 8 Landlord
If you are a landlord looking for renters, the government section 8 programs can be fantastic; it can also be a nightmare. It all depends on your point of view
On the plus side of the equation, the government will provide you with a seeming endless stream ...
- Why contractors should join the Pittsburgh Real Estate Investors Association.
If you are any sort of contractor operating in the Pittsburgh real estate market, then you really should join the Pittsburgh Real Estate Investors Association. There are several reasons the make club membership the lifeline of your business.
First off, we are a club of several hundred ...
- Pittsburgh Home Depot Discount Program
Let me just start off by thanking Scott Santoyo who made this entire program possible. Scott is the Operations Manager at the Allison Park Home Depot (Rte. 8 Hampton). His team at the Allison Park Home Depot has worked very hard to create a special and amazing discount program for Pittsburgh ...
- How to sell a high priced house in a bad market
all houses sell quickly in a hot real estate market. Its during the bad real estate markets that you have to get creative when selling a house.
The high end housing market is always a bit different than the general housing market. The reason for this ...
- One of the questions that I get a lot from people outside the real estate investor world is “how can I become a private lender?” This is a great question.
In sort, you need to seek out a professional real estate investor and tell him that you are interested. There are two important questions that you ...
- How to sell a house when you owe more than its worth.
Many houses in America are underwater at the moment. This happens every time there is a decline in the market. The steeper the decline the more houses go under water or upside down or whatever term you want to use.
The problem with selling these ...
- How to make money rehabbing houses even if you don’t own a hammer
Rehabbing houses is all the rage nowadays. It seems like the entire DIY TV Network is built around rehabbers. I both love and hate these shows. I love these shows because they bring awareness to my industry and they sometimes come up with ...
- How real estate investors improve a neighborhood
If there is one thing in the real estate market that truly makes my blood boil, it’s when anyone badmouths real estate investors. There at a few bad apples in our industry who do things that they should not do, these people are not real estate investors, they are ...
- How to sell an ugly house
Selling a house is difficult, selling a house that needs a lot of work is nearly impossible unless you know how to target the right group of buyers. The price point is irrelevant, I have personally helped individuals sell houses priced anywhere from $5,000 to $1,280,000. If the house needs ...
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