Posts by this contributor:

    6 Easy Steps To Get Started With Real Estate Investing

    August 10th, 2012

    Are you a new investor? Many aspiring real estate investors have come to me for guidance to help them with the following real estate investing questions.

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    Should You Quit Your Job & Invest Full Time?

    August 3rd, 2012

    Over the years, many aspiring real estate investors have come to me for guidance. They typically have pages of questions, which I  patiently answer.   Here is a real estate investing question I am often asked:

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    Ways To Make Money In Real Estate Investing – Part 2

    March 12th, 2012

    There are over 21 ways to make money in real estate investing. I’ve been investing since the 80’s and can tell you that each of these ways have been tried and proven to be legal and successful ways to make money in real estate. In Part I of Way to Make Money in Real Estate Investing investors were given the first 10 different ways to invest in real estate. Below is the last 11 ways that I know of to make money in real estate investing: Read the rest of this entry “

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    Ways To Make Money In Real Estate Investing – Part 1

    February 20th, 2012

    I’ve been a conservative investor who has been very pedestrian along the path to  becoming a mogul.  I buy well-located buildings and plan to hold on to them forever.  I learned  most of what I know from books or from observing my fellow investors.

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    How Do Syndicators Make Money?

    January 25th, 2012

    The syndicator can be compensated at the end in two different ways: 1)  by receiving a share of the profits when the property is sold; or 2)  by receiving some of the refinancing proceeds.

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    7 Situations When Selling Is The Best Option

    December 14th, 2011

    Sometimes we, or our properties, fall into “the worst of times”,  and our best option may be to sell.  Let’s briefly consider some of these unfortunate situations that may put us or our heirs in a position where selling our investment real estate is the best option. Read the rest of this entry “

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    How to Hire a Property Manager

    October 31st, 2011

    I wondered, “What am I getting myself into buying an apartment building?” My two years of training at the University of Chicago in business administration didn’t include one minute of instruction in setting rents, showing apartments, or evicting non-paying tenants.

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    Should You Manage Your Rentals?

    September 23rd, 2011

    My experience has been in managing residential real estate, and my comments in this blog post focus on that.

    When you acquire a property you plan to hold, you then have to decide how you will manage it.  Your initial choices are simple:  you can do it yourself or you can pay a management company to do it for you.  Each approach has advantages and disadvantages. Read the rest of this entry “

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    What’s It Like To Manage Your First Apartment Building

    September 2nd, 2011

    For my first – I was scared.  In response to this fear, I went to my local bookstore and bought several books on managing apartment buildings.  During the two months before the closing, I read all of them.  I developed forms and leases, had rental ads ready to go in the event of vacancies, and even spent my weekends looking at available rentals in the neighborhood, so I could price my  units correctly.

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    How To Close On A Property That Is Out Of Town

    August 9th, 2011

    I do not attend closings.  Every property I bought after the house in Pittsburgh has worked out well.  That’s seventeen profitable purchases in a row.  Not attending closings sure makes a difference for me.  I am up-front with my attorneys and lenders about not attending closings.  They know that all the documents have to be ready a few days ahead of time for me to review.

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