Jim Cerrone
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To the Novice Investor Feeling Victimized Right Now
My good friend of many years called me the other day in a panic. He was well behind in payments on an investment property he purchased a couple of years ago. The reason he is behind is not because of any hardship no, the reason he is behind is because he simply decided to stop making payments on the property. Probably not the wisest decision but his justification was this. He initially paid $425,000. His down payment in cash was $115,000.After carrying the property for the past two years he now says the property is worth $155,000. So let me…
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Which Guru is For You?
OK there are plenty of so called Real Estate experts out there right now. Touting their praises of how they have made a zillion dollars one way or another and by following their “program” You can too. It seems that more are joining the ranks every day. I personally have been bombarded with emails for offers of discounts, deals, specials, and invitations to join in webinars that claim to change your miserable life once and for all.Most of these webinars are pitched under the premise of getting something free, then once you join the webinar the entire event becomes a…
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If You Really need to Sell your House….. Read This
First of all I think it is always about price, however marketing is very important as well. I know that sounds wishy washy but what I am saying is this. If you overprice the home all the marketing in the world will not sell it nor will it appraise if someone is willing to buy it at a higher price.When a Realtor begins working with a buyer, the buyer lays out the criteria as far as location, price, bedrooms, etc. The very first thing the Realtor will do is review the local MLS listings using the buyers criteria. Your house may come up along with several others,…
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Real Estate Agents are your Best Asset……. Especially Now
I am still amazed after all the years as an investor, the unbelievable amount of people out there, who still to this day, really do not have a clue of what a Realtor actually does and what value they bring to the party. Read on and hopefully you may learn some things you thought you already knew and if you already know this stuff, good for you. You are well ahead of most people.I trust many folks will never actually admit their ignorance on this topic but maybe it is just me who runs into countless investors every month who…
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Time to Reinvent your Investing Career?
Well we all know these days the world of Real Estate investing is in the tank (so to speak). No need to go into all the negativity in the media and general news because it has gone on for long enough for all to hear. Those that have abandoned Real Estate investing have, hopefully for their sake, have gone on to bigger and better things, but there are folks like myself who have been in this game for a very long time and truly love it. You might say it is “in our blood’ but what I have found through…
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Want Better Returns Use A Self Directed IRA
The current environment is not exactly favorable for financing your Real Estate investments, in fact it is next to impossible to borrow from traditional banks and it appears for now that is a trend that will go on for some time. The facts are credit is tight, Real Estate investing is not the first choice for banks to put their money and if you have any dings to your credit you are going to be left in the cold when it comes to financing your net venture.So what do you do when all the traditional sources for financing have dried…
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Rehabbing, Is It In You?
There are plenty of stories out there of people making a killing buying old dilapidated homes fixing them up and selling for huge profits. Seems simple enough, go out and find a house which is “a good deal” buy it, fix it up, sell it for more than you have into it and keep the profits. Those TV shows on the subject sure make it look easy and you sit there thinking, hey I am as smart, if not smarter than those guys, I could do that. If you follow these shows at all it looks as though you can,…
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Real Estate Investing through these “Tough Times”
I have been a Real Estate investor for about the past 20 years and I must admit; it was rather easy to make a great income when the market was booming. No matter what I touched seemed to turn to gold. Almost every property I purchased turned a huge profit and there was no end in sight to what I could earn. I was a genius… not.Then around 2005 I started to realize that things were changing dramatically and today it seems that Real Estate is not the smartest place to invest. Values are dropping all over, foreclosures are at…
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Six Secrets of Private Equity Investing
When investing in private equity, there are six key factors or “secrets” to consider to finding successful and more importantly, profitable private equity deals.Secret #1- Find the Best Deals by Being in the Right PlacesBy establishing themselves as authorities in the private investing space and being in the places where great entrepreneurs congregate (online, at events, etc.), shrewd individuals and investors become privy to special situation investment opportunities that the general public doesn’t hear about until much later.Secret #2- Determine if the Firm or Project Is SolidBefore considering an investment in any private equity firm or project, it is critical…
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Real Estate …. Not for the Faint of Heart.
Real Estate investing is certainly not for everyone. During these times of uncertainty many investors just simply don’t know where to turn. Prices are plummeting, many markets have lost a ton of value and there are plenty of property owners out there that are now “Underwater” or “Upside Down”. I hear the advice from the experts who say this is “just another cycle in the market” and “things will be back to normal before long” I know you have all heard this rhetoric for awhile now and I for one beg to differ with this thinking. This is not, I…
