Archive for the ‘Commercial Real Estate’ Category
We’ve hit the top 3 hot buttons on why homeowners are better off with a short sale as opposed to a deed in lieu of foreclosure. In today’s market, there are really only 3 types of real estate transactions: retail sale (a rarity!), short sale, and an REO (bank owned) sale. Learn more about HAFA & Bank of America’s cooperative short sale and how it equates to money in the homeowner’s pocket as assistance to move.
I truly enjoyed catching up with Herman Chan, TV Personality & Real Estate pro from the San Francisco bay area. Once you get past the background noise from the end of the Sacramento Real Estate Association of America (Sac AREAA), held at the Sacramento Association of Realtors, it’s a great interview that spotlights a real & entertaining Herman.
Knock, knock. Who’s there? Commercial Lending. Commercial who??!!!
Exactly. In a world where lending is so hard to find, or even non existent nowadays, I’m going to share with you a few lending sources for your commercial deals. But first, let’s catch up on a quick update in the commercial real estate market today…so watch on, fellow investors!
Hi Everyone! Since I had a lot of requests from last week’s group coaching calls to post my segment on my blog, and here it is! One of the best things that I took from the Mega Partnering event in Chicago (megapartnering.com), was Francis Ablola’s social media session. If you guys have seen one of my first initial vlogs, I had uploaded my first interview with Frank, back in the day, and let me just say, not only is Frank a fabulous social media coach, his presentations get better and better, packed full of great tips, for all types of audience, whether you’re a beginner at this or looking for advanced tips, there’s HUGE value in what Frank presents. So, let’s get to it, shall we!?!
This first part is a quick review of Frank’s first presentation from Mega Partnering back in February 2011; still some amazing stuff:
1. weebly.com -
The best way to get started if you’re looking for any type of online presence. If you do not have a website yet, this is the best site to start one….for free!
2. knowem.com -
This site gives you the ability to set up website presence on multiple sites; this kinda goes hand in hand with protecting your brand….
3. animoto.com -
One of my fave sites: let’s you create photo and video slide shows. You can use it at the free level; I found that for $30/year, you get a lot more.
4. textbroker.com -
This site allows you to create articles for as little as 2 cents per word – imagine that! Great deal, if you’re looking for more web presence and building credibility, because they have writers who can create fast articles on the subject of your choice at a fairly great bargain!
5. createspace.com -
This site allows you to create a book or other form of online media presence; this is what Frank says one of the greatest tools for building credibility.
6. Last on this list…
Frank’s fave (and mine as well!). Hire someone to do anything and everything for as little as $5 bucks! From creating a singagram to social media projects, there’s nothing that’s impossible on this site!
This was from Frank’s last presentation…
Now it’s time for the recent stuff, the good stuff that I took away from at mega partnering in Chicago.
1. wix.com -
Once you have a website, use wix to take your site to the next level by using flash-based online sites, using their templates for free!
2. pagemodo.com -
Here, you can set up to 3 facebook fan pages. So for those of you who like to have a seperate facebook business page, be sure to check this site out!
3. unbounce.com -
If you’re looking for a site to do autoresponders, squeeze pages, landing pages, this is the site for you! Here, it’s all about capturing lead generation.
4. tinyletter.com -
Let’s you create online newsletters. Yet, another great way for building credibility.
5. tadalist.com -
It’s about getting things done and this site not only allows you to create simple to do lists, but it let’s you share your lists among co workers, friends, family, whomever you may wish, all for free!
6. ning.com -
The idea here is to create a page similar to facebook. Try it out for free or for a low monthly subscription.
Lastly, we have….
7. ustream.com -
Always wanted to be on tv? Well, here’s your chance to create FREE online tv shows.
So, there it is, the latest and greatest stuff on social media. So, here’s my challenge to you guys. Take these great nuggets and give them a shot at what they’re all about. Apply it to your social media aspect of your real estate business and when you have, drop me a line to tell me your feedback and commentary, because after all, we are all here to learn!
Until then, my friends, happy investing and happy blogging!
Imagine a hotel banquet room filled with , let’s say, just shy of 2 dozen round tables, each with 10 chairs. Then imagine a cow bell going off every 15 minutes. Before the awful siren of the bell, this grand meeting room is roaring because you have about a little under 2 dozen real estate coaches, one at each table, presenting their chosen topic to a crowd of students, absorbing a tremendous amount of information, in an intense short lease of a time frame. Then imagine the bell going off, and the coach quickly wraps up, gathers all their handouts and name tag, and swiftly wisks off to the next table of hungry real estate knowledge driven students.
Actually, it would not be surprising if you got exhausted, just reading the paragraph above. Welcome to the coaches’ speednetworking event, on Day 1, of this 4 day Mega Partnering event (MegaPartnering.com). For the next 4 hours, we talked and taught, pretty much nonstop, except for one measly break, that seemed to have flown by in time at that moment. What started out at a leisure 15 minute-increment presentation, soon got chopped down to 10 minutes, and then finally, to desperately finish in the nick of twelve o’clock noon, got chopped down further to a hasty, down and dirty 5 minutes, in which we coaches literally ‘showed up and threw up’! By the time, I got to the last table, the students’ eyes were glossed over, some with a daze out into space, while others were just nodding their heads, probably not knowing what was being taught at the moment, but just nodding anyways.
My topic for that speed networking event was on direct mail marketing using handwritten letters and postcards. We all had our own handouts; some coaches had everything written down for the students; some had fill-in-the-blank strategies. As for mine: it was all visual, baby; I provided them with visual samples and as for as the content went, it was all in my notes and not one word typed out on paper. At the end of what seemed to be like a herd of students with the coaches being the sporadic sheep thrown into the bunch, it was quite an exhausting experience. Nevertheless, it was such a worthwhile experience, because I truly enjoyed teaching and spreading the knowledge of valuable nuggets of information that these grand students can take with them and implement what we coaches taught, and apply them to their real estate business, whether it’s commercial or residential.
Overall, this session was probably one of the best nuggets that I took from the Mega Partnering event this past weekend. One thing’s for sure: I will definitely remember what I did for Halloween in 2011 because it wasn’t your typical Halloween celebration with wild and crazy costume parties; instead, it was about one giant, spooktacular networking event, where celebs such as New York city’s former mayor Rudy Giuliani, the inspirational Nido Qubein, or ABC’s hot television host of the Secret Millionaires star, James Malinchak, stopped by to give amazing presentations that will inspire and motivate our lives and improve our businesses indefinitely.
Hey Everyone! Don’t have much time to get your real estate news? Then the only day you have to remember to get your real estate ‘fix’ is Wednesdays…bc it’s commercial real estate day at the WSJ! Yes, the Wall Street Journal has everything that you need in terms of deals, have’s & want’s, networking, lending…the list goes on & on…So, just rememeber: Money & Investing section of the WSJ every Wednesday & you are set!
Hey Everyone…how is your independence Day for 2011 so far?! Coming to you all the way from Charleston, SC…it doesn’t get anymore patriotic than this…& while everyone’s grilling or cooking out (depending on what side of the coast you are one!), I’ve gotta sneak in talk shop somehow! So here we go!
What a great inverview with the friendly loan shark, Dave Zorich…actually, Dave is no shark when it comes to servicing your commercial real estate loan…we are talking in particular about self storage loans…yes, remember those?!! They are almost non-existent…well, watch out, because Dave is a shark when it comes to finding you the right self storage loan or commercial real estate loan…& now they have added SBA loans for self storage facilities…pretty exciting stuff….always the latest & greatest on commercial real estate & the loan strategies that working in today’s self storage investment world…check Dave Zorich out at www.thebscgroup.com!
We had such a great group coaching call tonight….partly because of the topic, which is self directed IRAs…..but mainly because I had Kaaren Hall as my guest on the call. Kaaren is the president of UDirect IRA (udirectira.com/ FB: self-directed iras) & talk about the real estate industry being a man’s world….Kaaren took life & business head on & look at her now, one of the top Custodians in the self directed IRA industry. Fear was not an option & it was amazing to listen to Kaaren tonight, as she shared with us, her background & what it took to get to where she’s at today. I actually caught alot of that when we met up in Sacramento, when Kaaren was on her way back to Orange County, where her office is at.
From being in radio for 17 years (seems almost in a different lifetime!) to getting involved in the real estate industry to mortgage lending, Kaaren definitely has this niche cornered: self directed IRAs. To most, it’s confusing & scary…to convert your account to a self directed IRA….and Kaaren’s company, UDirect, can alleviate alot of that fear & make it a smooth transition to a different side of IRAs.
It doesn’t matter whether you are investing in residential real estate or commercial real estate, everyone can learn from Kaaren’s talk tonight.
Here’s a quick recap:
- Getting a self directed IRA: it’s a 3-Step Process: Open, Fund, Invest
>Open: within 1 day, you will get your unique account number & login info
>>Fund: To get the account funded, you can 1) write a check, 2) Transfer an IRA or 3) rollover an account, ie, 401K. This step can take up to 2 weeks.
>>>Invest: Choose your investment vehicle, ie, a single family home, a commercial property & fund the project!
- IRS.gov: Pub 590 form: http://www.irs.gov/publications/p590/index.html
This form essentially tells you everything you need to know about self directed IRAs & the latest & greatest new rules & regs.; it also has a table of contents so that you can find your topic easily.
- Did you know?
Did you know that self directed IRAs have been around since the 70s….but is only now trending?! When I found out that UDirect is above the rest of the competition in terms of pricing & customer service, it really is a no brainer….when you’re on the fence about which custodian to go with. UDirect is simply a smart choice, because it is a leader in educating their clients, offering hassle free & expeditious transactions, all while still saving you in costs & fees.
Catch more of Kaaren Hall here:
JT Foxx: real estate Super Star, national radio show host, international speaker & entreprenuer….that’s why I said, you can’t outfox JT Foxx…..because he’s taken over the real estate industry, from affiliate programs with gurus like George Ross (Donald Trump’s right hand man), to Jay Abraham and Phil Grove….don’t be left out in the dust, on JT’s next Mega Partnering event…..because you never know who might show up, having a cocktail next to you (Rudy Guiliano)….I’m just saying……here’s the website: MegaPartnering4.com (don’t forget the number 4!!!).
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