Do you realize that you can build your fortune by buying vacant land? 

You are saying: “No way!!” 

I am saying: “Yes…WAY!” 

There are many great ways to make a lot of money in real estate, not the least of which is buying and selling vacant land. This is an effective way to do real estate deals with no hassle, no rehab, no insurance, and no worries of vandalism and theft. 

Plus, there is virtually no competition for these properties since many investors are simply not going after this incredibly lucrative portion of the marketplace. I was actually in the real estate business for several years before I discovered this very profitable part of the market. In addition, buying and selling vacant land in this current market is another good strategy to continue making money in the real estate business. 

If you live in a particularly rural area, buying and selling vacant land is a more lucrative means of doing real estate deals. Since it can be more challenging to find homes
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Presented as the most restrictive in the country and as being written 100% by KC Tenants, 231019 was initially a few lines in the Tenant’s Bill of Rights several years ago. Back then, the concept of forcing a US Citizen to take part in a Voluntary Government Subsidy Program like Section 8 was objectionable to the several 100 housing providers in the room, and Mayor Lucas lined it out. Based on his statements in the video above from the 25th, it seems that he has been working since that time with KC Tenants to bring this ordinance to the table.

Since the introduction in December, housing providers have been working hard to defeat the ordinance but learned that we were not going to have much luck defeating it completely. But with all the emails, phone calls, and meetings held, we were able to get a lot of the more objectionable items removed or changed, and now we have a repair fund that they are working on.

There is a lot in this ordinance, and many of the original aspects of the ordinance have changed in almost two months of intense negotiations since it passed the committee in early December. Those changes are reflected in the ordinance that passed today. Councilmembers representing both sides worked
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Do you ever get confused by how one self-proclaimed expert can swear up and down that the best, or even ONLY, way to do a certain strategy is to [fill in opinion here], while another guru, who seems just as successful and passionate, says that the truth is just the opposite?

I did, too, back when I was just getting started and thought that there must be an exact right way to do any given thing in real estate.

But as it turns out, with wisdom and experience comes the realization that they’re all right and all wrong.

Because the TRUTH is, we often become convinced that certain things work and don’t work because we already believed that it would or wouldn’t work, and that becomes a limiting thought that actually predicts the outcome.

In other words, the guy who swears up and down that his experience is that you MUST tell sellers that you can do ‘X,’ or they won’t accept your offer, is telling the absolute truth. HIS EXPERIENCE is that sellers won’t accept an offer without ‘X’ because he believes that they won’t, and thus they never do.

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Hey, folks, data expert Rick Sharga will be live with Vena Jones-Cox on Tuesday on Real Life Real Estate Investing. It’s at 5:00 PM Eastern. Send questions before the show to AskVena@gmail.com now and listen HERE for the answers at 5 pm Eastern.

• Delinquencies on consumer loans show signs of distress even as mortgage delinquency rates decline slightly.
• Early-stage mortgage delinquencies (30 and 60 days) ticked up slightly, as did other consumer loans; student loan repayments are set to resume now.
• As forbearance program nears its end, more exiting loans are delinquent and more need loan mods; fewer are paid off or current.
• Many of these loans were delinquent prior to the pandemic and may be candidates for foreclosures when the forbearance program is over.
• Economic factors could lead to more defaults. The combination of soaring insurance rates, higher property taxes & inflation could be toxic.
• Foreclosure starts now running at about 80% of pre-pandemic levels.
• ATTOM’s Q3 data is the first indication that numbers may be beginning to head back to more normal levels in the months ahead.

Ya'll do realize the irony of asking the question, “I know you’re in a hurry, but is there any quick advice you can give me about how to get started?”, right?

Because I get asked some version of that question at least 100 times a year, always by a newer investor hoping that there's some wisdom I can drop on them in the time it takes to get from the elevator to my car when I'm running from one event to another. Wisdom, preferably, that will make their entry into the business rapid, painless, and above all profitable.

The irony is that there IS no single answer to the question, "How do I get started?".

In order to properly get into that topic, I'd need to know about you: your goals, resources, preferences, exit strategies, needs, wants, and and and...and in no circumstance would that be "quick" advice.

If there were such a thing as "quick" advice, there would be no need for coaching programs like Express Success. Or, for that matter, for workshops, REIA groups, or any of the other support systems to which we are all so devoted.

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A law taking effect January 1, 2024, has killed any hope of anonymity by using a Wyoming LLC, or an LLC in any state for that matter.  Even if you are not worried about anonymity, you are going to be profoundly affected by this law.

In 2021, Congress passed the Corporate Transparency Act. This law creates a new beneficial ownership information reporting requirement as part of the U.S. government’s efforts to make it harder for bad actors to hide or benefit from their ill-gotten gains through shell companies or other opaque ownership structures.

The new program is called the Beneficial Ownership Information Reporting system, and it will be implemented by the FinCEN (Federal Financial Crimes Enforcement Network), a department within the Treasury Department – the same folks who brought you the IRS.

Never heard of FinCEN?  If you have any type of a business (corporation or LLC), it will become as common in your language as the term “IRS.” 

Under the new laws, “beneficial ownership information refers to identifying information about the individuals who directly or indirectly
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There’s an old piece of advice generally given to husbands regarding arguing with their wives that goes, “Do you want to be right, or do you want to be happy?”.

And the longer I’m in the wholesaling business, the more I realize that nearly the same advice applies to negotiating with sellers—only it’s, “Do you want to be right, or do you want to get the deal?”

Don’t get me wrong: I have more than my fair share of gotta-be-right-ness. In my younger days, I often found myself debating with sellers about the “facts”—how much their house would sell for fixed up, how much their neighbor’s house sold for last week, what it would really cost to re-do the roof and gutters, and on and on.

Back in those days, I think I had some of the same psychology I see in you folks when you say to me, “I’m afraid to talk to sellers because I’m afraid they’ll be able to tell that I don’t know what I’m doing, and I’ll lose all credibility.”

This assumption that sellers sell to you because you’re intelligent, experienced, or a bigger expert than they are about houses in their neighborhood is just dead wrong.

Sellers sell to you (at the crazy prices and terms that you offer) because

1. Your offer solves wha
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          The thing is, there’s a major question that most people never deal with because it’s not as fun or inspiring as thinking about goals. Yet, unless it’s resolved, it will continue to be nearly impossible for you to reach any of those great goals you’ve set for yourself. And the question is:

          Are there any “messes” that need to be cleaned up before you can really be effective in your real estate endeavors?

          Most of us have one or more of these: they’re like walls that we have to scale every time we try to do anything else. Often, they’re so overwhelming that we have a hard time even looking closely at them, but they’re always at the edges of our consciousness, distracting us, making us feel hopeless and helpless, and making it very difficult to move forward. Examples might include:

• Bad books that keep us from understanding what we’re really making on deals, from balancing our accounts, from filing taxes on time, and so on
• Loans that are about to balloon or have already ballooned, and we have no exit strategy from that loan
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         …is in the 5” or so between your ears.

        For real, people, if you want to know the difference between the people around you who are “killing it” in wholesaling or retailing or notes or income properties or, heck, pig farming or app development or whatever and those who have the same access to the same education and the same resources but never make any money, it all lies there.

        After 30 years of hanging around real estate associations as a newbie, board member, experienced investor, and coach and educator, I’ve watched thousands of people come and go. Some meet every goal they set out to complete.

        Most don’t.

        And they don’t because they believe that if they learn what to do, then all they have to do is do those things, and riches/security/freedom will follow.

        That would be 100% correct if not for, you know…LIFE. Life has a way of getting in your way. Whether your goal is building wealth, losing 40 pounds, or learning to
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         …is in the 5” or so between your ears.

        For real, people, if you want to know the difference between the people around you who are “killing it” in wholesaling or retailing or notes or income properties or, heck, pig farming or app development or whatever and those who have the same access to the same education and the same resources but never make any money, it all lies there.

        After 30 years of hanging around real estate associations as a newbie, board member, experienced investor, and coach and educator, I’ve watched thousands of people come and go. Some meet every goal they set out to complete.

        Most don’t.

        And they don’t because they believe that if they learn what to do, then all they have to do is do those things, and riches/security/freedom will follow.

        That would be 100% correct if not for, you know…LIFE. Life has a way of getting in your way. Whether your goal is building wealth, losing 40 pounds, or learning to
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