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There are many great reasons to hunt for real estate bargains during wintertime Finding great real estate deals comes from a combination of working with a highly-qualified real estate agent or broker that knows the market area extremely well, doing your “homework” to familiarize yourself with the area, and having a bit of luck.   […]

Beverly Hills was once a cow pasture. It is amazing to look back in history and learn that some of the most expensive real estate on Rodeo Drive in Beverly Hills, California was once simple agricultural farmland. The city of Beverly Hills incorporated in 1914. It took until 1932 for a City Hall to be built. In 1934, […]

Real estate investors who take a long-term approach sometimes buy raw land or rundown buildings in an area that they expect to be developed or re-developed in the future making them a handsome profit. How do these real estate investors know where the good places to invest are? How do they find a good deal? […]

Raw land has some major drawbacks when compared to income producing real estate. Buying raw law that is not for immediate development is a bit of a gamble on future bigger profits. The gamble is that the time needed to hold the raw land until it becomes valuable may be extensive, even decades in some cases. […]

When a real estate investor considers buying a “fixer-upper” property, they need to have a keen eye about what the property needs to put it back to a good marketable quality. There is a Big Difference Between Surface and Structural Work Needed A property may be totally trashed because of tenant abuse and management neglect. […]

There are only twenty-four hours in any day. The billionaire, Bill Gates, said he would gamble in Las Vegas, if he could win more time instead of money. He has more money than he needs. With his beautiful wife Melinda, he decided to give a huge portion of his billions away. This act was so […]

Many of us as teenagers played the game of Monopoly®. Elizabeth Magie invented Monopoly® in 1904. It was originally called, “The Landlord’s Game.” She registered and received a patent for the game. Not much happened with the game until in 1924, when she updated it and got a new patent. Then hand-made versions of the […]

Many real estate investors are stuck in a certain area of investment. This naturally occurs when they had previous success in a certain type of investment. There is an inherent limitation in this strategy because they miss great opportunities that may be slightly out of their comfort zone. Specialization versus Diversification There is strength in […]

Start with US$1 million. It is enough to begin. It does not have to be your own money. In fact, it is better if the first million dollars used to begin building a real estate portfolio is someone else’s money. This is the same amount that the father of Donald Trump loaned to him, for […]

Being a millionaire is so easy that it is not worth talking about. Becoming a billionaire is the new goal for those with the “greedy genes.” Let’s face the reality. The only way a person becomes a billionaire without doing something illegal, is to have a “me first” attitude. That is what we identify as […]