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James Pockross
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When Is It Best To Sell? – 4 Good Circumstances
Once you own a property, you have two basic decisions as to what to do with it: Hold on to it or Sell it. I’ve owned several properties that I have made the decision to sell based on various reasons. Some of my reasons have had to do with good circumstances, some with less fortunate …
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Snapshot of a Real Estate Syndicator
If you decide you want to put together a group of investors for an acquisition, it’s important that the investors’ objectives coincide with your own. For instance, if you are considering purchasing a half-vacant retail center, upgrading it, leasing it out for higher rents, and then selling it in two years, make sure all the …
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Multi-Units vs. Single Family Conversation
For some of you just starting out, it is hard to decide which type of property is best to start investing in. Many of you are probably just like me when I first started out in real estate. Attending meetings with recent graduates of the “how to get rich” weekend seminars. Working with real estate …
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How The First Apartment Rehab Can Change Your Life
When I first started out investing in Apartment Buildings I noticed that some of the other buildings in the neighborhood were being rehabbed. After I had majority of all the units rented in my second apartment building, my building manager suggested I rehab one of my apartments and see what happened. I thought why not …
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How I Bought My Second Building
So, in the summer of 1983 I began the search for my next building. Rather than spread myself out in different directions, I decided to work with a local real estate agent who had been recommended by some associates. The Realtor would pay attention to the listings that came up, and I would visit his …
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Do You Have What it Takes to Be a Mini Mogul? Part 3
Do You Have What it Takes to Be a Mini Mogul? Part 3, addresses the ingredients you will need to produce the success that you desire and are capable of achieving with real estate investing. So how did an ordinary guy like me end up with a portfolio consisting of hundreds of rental units and …
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Do You Have What it Takes to Be a Mini Mogul? Part 2
So how did an ordinary guy like me end up with a portfolio consisting of hundreds of rental units and a cash flow that’s more like a cash torrent? How did I become a real estate mini-mogul, enjoying freedom and self-confidence? I practiced some of the essential traits that most successful investors possess as was …
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Do You Have What it Takes to Be a Mini Mogul? Part I
My story ends with me having a net worth of millions of dollars, an annual income in the hundreds of thousands of dollars, and the liberty to do what I want when I want. When this story began twenty plus years ago, I had nothing but fear and low self-esteem on which to build a …
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Commercial Property Management Nightmare
I took over managing the second apartment building I bought promptly upon closing. My attorney promptly informed me that the tenant in the lower front apartment had unexpectedly moved. Now I had to fill a vacancy in the heart of a Chicago winter. This did not bode well. I think it is important to know …
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6 Easy Steps To Get Started With Real Estate Investing
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. Q. I’m really excited about real estate and want to become a mogul. How do I get started? A. Assuming you are starting at zero, I would build my …
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