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Almost nobody in South Florida is underwater anymore

I get asked the same question all the time. Are there still deals in South Florida? There are. But the kind of deal has changed, and most investors I talk to haven't caught up to it yet. A ReiFax report...

The Ins and Outs of New FinCEN Regulations

If you’ve been closing real estate in Florida for any length of time, you already know that our market is unique. We see a higher volume of cash transactions, more LLC and trust buyers, and more investor activity than almost...

And Just Like That

...we're approaching a normal market. September numbers are out and they back up an earlier email about inventory creeping up. That bodes well for buyers and pressures sellers to put their best foot forward. Rehabbers and wholesalers must keep this...

She Wants To Do What?

One person’s dilemma is someone else’s dream. Viju and I spent three days this week with a wonderful assortment of real estate investors and our partners in Next Million Mastermind, NextMilMastermind.com. The cohorts gathered ranged from never having done a...

The Grass Is Always Greener

The hills and fields of North or South Carolina may be appealing. And Georgia has many beautiful natural attractions, too. But you must add the population of all three states to exceed the population of Florida. Florida is expected to...

A Contact Sport

In the past, to become a real estate agent, a real estate investor, an insurance agent or a direct sales agent of any kind, you started by making a list of your friends. Then, you had to call all your...

Mortgage Rate Hoopla

Headlines proclaim mortgage rates are falling. So, you’re excited to go from 8% to 6.69%? Don’t look now, but a flood of affordable housing is not coming to the market yet. A recent article in Fortune quoted Capital Economics saying...

Out With The Old

Hang on. This could be a bad joke. No! I’m not going anywhere. I can hardly wait to see what happens next. Yes, I may ascribe to “old age and treachery will always beat youth and exuberance.” So I’ll still...

Yes You Can

Should partners have same amount of experience? No. Partners learn from one another even if their experience is disparate. As a real estate coach, I teach from actual experience. I don’t just “think back.” I review, over and over, our...

More Than Math

Numbers tell the truth. Investing in rental units is a numbers game. My business partner, Viju, can quickly compute what rental investments may return. But here’s what’s unique about Viju who specializes in work-force housing. He likes the idea of...

No Self Respecting Agent

Years ago, a broker said to one of our students, “no self-respecting agent would sell a property to an investor.” Thankfully, this broker doesn’t represent the whole brokerage community because with our students and partners we’ve bought hundreds and hundreds...

Small Town Blues

It’s a small world after all, the refrain goes. That real estate investors know one another and have long memories can be shocking to newbies. ‘You Should Be Mad’ was a recent installment about a fellow who nefariously deeded a...

Mass or Target Marketing

Local TV and internet viewers may recognize several investors who solicit buyers. Behind the promos are sophisticated websites to collect data from responders along with call centers that collect data and maybe even set appointments. If you don’t do these...

It Is Not Magic

To observers not yet in the game, success real estate investors enjoy may seem magical. It’s not magic but after you experience a few deals, it can feel like magic. Investors will tell you their primary work is research, offers,...

All Ye Who Labor

Just spend a few days in Las Vegas and you’ll appreciate South Florida more. This week, with friends and colleagues, I attended Marshall Sylver’s Turning Point event. The 107 to 109 degree temperatures are real and the only saving grace...

To Be or Not To Be Licensed

I committed a bit of a faux pas recently. During a Facebook live session with NextMilMastermind.com which is a positive, growth-oriented think-and-help tank, I implied that real estate licensees weren’t the highest earners. That comes off a little negative and...

Old Ways Still Work

A younger-than-forty fellow told me the other day “the good news, Jim, is that the old ways [to find real estate] still work.” Whew, what a relief! Still, I learned a great deal from this guy. But he’s right that...

Passing The Bar

Oh, you thought I meant a bar exam? As in the one our lawyer friends must pass? No, I mean the rhetorical bar investors gather ‘round to trade stories and make deals. It has been happening at DREIA since 1996....

People Have Problems

You might say people are the problem and you’d be right, some of the time. But many problems are beyond the control of the besieged. Their problems cause loss, deferred maintenance and even foreclosure. This isn’t a “so you think...

Summer Not So Hot

The hateful heat continues. Summer means vacations for almost everyone in our food chain, including sellers, buyers, foreclosure attorneys and the entire spectrum of court personnel. Already low inventory won’t get better until school starts, at least. Having said that,...

When Sellers Disagree

Sellers disagree with buyers often. But when sellers disagree with one another, hoo-boy, tread carefully and keep moving your deal forward. Divorce acrimony often disrupts a real estate sale because, well, use your imagination. Tenants-in-common situations is where we often...

Another Real Estate Record

As of May, Miami-Dade’s housing market sets price record, bucks national trend of deflating prices. Median sales price of single-family houses hit all-time high of $620,000 in May. So declares a Miami newspaper on June 23, 2023. The story was...

Will The Real Buyer Please Stand Up

How do you know if a buyer is real? We believe reality starts by making written offers. If you’re not making offers, you’re not a real estate investor. If people aren’t sending you written offers when you are offering a...

Fleecing Old Ladies

The “gotcha” investors are so wearisome, especially the "wanna be’s". They think the only way to succeed in real estate is to outwit a seller and take unfair advantage. They see high amounts others earn and, often wrongly, assume one...

Three Actions For Success

We cannot say this enough: our partners are our heroes. They work at innovation. They follow directions. They don’t give up. These are three actions it takes to be a success in almost any profession or business pursuit. Real estate...