Today I wanted to introduce you to a company called Matterport. This California-based startup has been making waves in the world of real estate over the past year and if you haven’t already heard about the solution these guys are bringing to the market, I think it’s something you ought to know about (not only because it has the potential to be very useful for real estate professionals, but also because the technology is really cool).
If you’re at all familiar with Google Street View – Matterport’s technology may look familiar. With Matterport’s 3D Showcase, prospective buyers can get a similar perspective both inside and outside any piece of real estate. Take a look at what the typical Matterport virtual tour looks like below and you’ll see what I mean. In this day and age, this is the best off-site view you’re ever going to see on a property. [click to continue…]
Every so often, I get emails from readers who has given real estate investing a shot (perhaps they tried a direct mail campaign or two and sent out a handful of offers), and they give me an earful about their disappointment because nobody has responded to them with:
“YES! TAKE MY PROPERTY! IT’S YOURS!”
When I first got into real estate investing, I have to admit, I was partially drawn in by the promise of getting amazing properties under contract for a fraction of market value (so I could turn around and sell them for a 1,000% mark up, leaving me with more cash than I could think of ways to spend).
In a lot of scenarios, this actually did turn out to be true, but these results didn’t necessarily happen on the first try, and there were a lot of things I had to do right in order to get to this end result. Even so, I understand the frustration some people feel when their desired result doesn’t materialize right away. I really do! [click to continue…]
I’m working on something big right now.
Over the past few weeks, I’ve been diving into the initial phases of what I hope will be the next giant leap forward for the REtipster Blog.
This little “Classified Project” has been consuming a ton of my time and as a result, you’re probably going to see fewer blog posts than normal in the month of May 2015. But don’t worry, I’m still here! I’m just plugging away at something behind the scenes – and I should have more details for you in the next month or two.
In the meantime, I don’t want to leave you all hanging (I know there are at least a couple of folks who check this blog every week for updates), so to keep both of you entertained, I wanted to share a GIANT COLLECTION of 35 real estate facts that I compiled this past year for a few various guest posts I did for Inman and The Lighter Side of Real Estate. [click to continue…]
Today I wanted to give the stage to Joe Edgar, co-founder of TenantCloud.
Joe took some time this past week to write a guest post for the REtipster Blog, and I thought his perspective was pretty brilliant. Why? Because he illustrates that a great real estate investment doesn’t always boil down to the “buy low, sell high” mentality that we’ve all come to know. Your ability to make a profit on any property isn’t always what meets the eye… and it is entirely possible to sell a property “at a loss” while still making a killing along the way.
My hope is that you’ll walk away from this blog post with an entirely new perspective on what can be done if/when you’re ever in a situation where you need to sell a property for LESS than you paid for it. With the power of seller financing and a little ingenuity, you can turn this kind of situation into a very profitable outcome. Take it away Joe!
During the recent recession, selling real estate at a loss became a common (and usually very unwelcome) event for many real estate investors. Some may think that selling an investment property at a loss means you “bought a lemon” but in many cases, you can use lemons to make lemonade. [click to continue…]
If you’re running your business like I am, the phone is going to be a pretty important part of your life. This is one of the primary communication tools you will be using on a daily basis to find new opportunities, follow-up with leads, close deals, and make money.
If you’re going to be effective in the business world, you MUST have a reliable, efficient cost-effective and easy-to-use phone system that allows you to accomplish those essential, daily tasks that every business owner needs to do. There’s just no way around it.
Even if your goal is to spend less and less time on the phone (as mine has always been), you still need the right infrastructure in place. If you haven’t already taken the steps to get a good phone system in place, chances are you’re either working a lot harder than you need to, or you’re not doing the best job of managing your verbal communication with clients and customers. [click to continue…]