Bob Diamond
Bob Diamond is a practicing real estate attorney with experience in loan modifications, tax delinquencies and real estate litigation. Bob is also a real estate developer and published author of three books on foreclosure investing. You may be familiar with Bob from his appearances on FOX, NBC, CNBC, NPR, the Flip That House television show on TLC, or on his real estate radio talk show. For his own account Bob has been investing in real estate for over twenty years and has participated as the buyer, seller, or attorney in over one hundred million dollars in real estate transactions over the past twenty years. Bob has been teaching real estate investing since 1999. Because of his legal expertise and experience as a real estate attorney, Bob Diamond is one of the most sought after speakers for his advice and counsel.
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The Secrets to Real Estate Investing Success
Two investors inspired me to write this real estate investing article. Recently a team of two brothers were working together to really achieve real estate success. They quickly realized that they could not do it alone and choose to shadow and network with me and two other investors who were doing that same type of investing projects under my tutelage. They became successful with a plan rather quickly. I’ve come to believe that there is really only 4 Secrets to Real Estate Investing Success:1. First winners make up their minds to pursue their dream and then they take action by…
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Selling Secret – Setting The Proper Asking Price
In the current market many investors are finding incredible deals and reselling them for a profit. This is a great strategy when you execute correctly and buy at the right price (no more than 70% of retail less the fix up costs), prepare it properly (retail ready), price and market it correctly.Today I am going to talk to you about setting the initial Asking Price or Listing Price for your completed fix & flips or ready to wholesale investment properties. It is CRITICAL that you price the house at a saleable price from the first day you list it! This…
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Loan Modification May Increase Your Credit Score!
Amazing Insider Fact – Loan Modification may increase your credit score! Most lenders use a credit score developed by Fair Isaac Corporation. Fair Isaac is a third party that creates and sells credit-scoring models. Some lenders are using an alternate scoring model VantageScore. The three major credit bureaus, Experien, Trans-Union and Equifax created VantageScore to compete with Fair Isaac. Fair Issac Scoring Model There is not any hard data on how exactly how Fair Isaac treats loan modification. Anecdotal evidence is that loan modification causes a decrease in the credit score but there is no evidence I was able to…
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Real Estate Partnerships
When I started out in real estate I had no experience, no money, and no credit. I was not yet an attorney – in fact law school had not even occurred to me. I was working in corporate America and I had a dream of real estate millions – but my fear was holding me back.Real Estate Partnerships WorkI had friends who felt the same way – so we decided to partner up. Since then, my friends and I have made millions of dollars together. We helped each other get over fear, we raised money from friends and family, split…
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Homeownership Is A Good Investment Again
You may have noticed that news organizations run hot and cold on topics. First they say something is good, they build it up for awhile and run with related stories. Then they shift, tell everyone that opportunity is no good anymore, and run those stories. The news cycle tends to resemble fashion more than reporting news – having a cycle created intentionally to stoke demand for new, now fashionable clothes.There is no doubt that news organizations do “observe” what is going on in the world and report on it, but the news organizations have become so powerful that I think…
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Foreign Buyers Investing In Seven Real Estate Markets
According to a report by the National Association of Realtors, foreign nationals are actively buying United States Real Estate for their own use. The report had several interesting aspects that I would like to bring your attention to. The entire report is available at www.realtor.org/research/research/reportsintl.Citizens of Five Main Countries Are BuyingAlthough there are representations of seventy countries in the data of buyers, there are five countries showing the highest interest in U.S. real estate – Canada, Mexico, China, U.K. and India. Those countries represent 53% of the transactions.Buyers are Purchasing in Seven Markets Plus University AreasThe buyers are buying throughout…
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Commercial – What Is CAP Rate?
When you are looking at a commercial real estate deal you will hear terms such as “Cash on Cash return”, “Net Operating Income” or “NOI” and “CAP Rate”.If you are new to commercial real estate these terms may be foreign to you, so lets get you into the swing of things by teaching you one of the key real estate investing terms for commercial real estate.CAP rate stands for “Capitalization Rate” and measures the return on an investment in a commercial building. The CAP rate can confuse a new investor because it ignores any debt on the property. That is…
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Buy Apartments To Build A Retirement Nest Egg
The New York Times and Wall Street Journal reported that apartment buildings are a great investment. They further reported that people who want to ensure their retirement are using apartment buildings as a way to save for their retirement because they provide high yields at moderate or low risk given the current housing crisis.The New York Times and Wall Street Journal are correct! Apartment buildings do provide low risk and high returns relative to other investments.Investing in ApartmentsReturn on InvestmentLets first look at average returns earned when investing in apartments or similar types of income properties:A typical return to an…
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Apartments Best Commercial Investment For New Investors
I was asked the other day by a new investor what my favorite type of commercial property is to invest in. After all, I have invested in a variety of property types including apartment buildings, office buildings, restaurant spaces, vacant land and other categories of commercial properties.I like apartment buildings best. They are easy to find, easy to analyze, everyone needs a place to live, banks love to lend on them, and they’re great cash flow generators – especially now that prices and interest rates are down! In fact right now FNMA is offering 5.5% loans on apartment buildings!For a…
