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Showing posts from March, 2019

8 Questions To Determine Your Website’s Success

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There are many things to consider in creating a real estate website that helps you drive your business to success. Is your website the effective lead-generating platform you want it to be? Find out by asking yourself these questions. What are my goals for this website? Launching a site isn’t just about getting your name out there and promoting yourself as an agent. Ultimately, you want to drive traffic to the site, convert that traffic into leads, and persuade leads to buy or sell property through you. Your goals will vary depending on your business’ priorities, but there are metrics that the majority of agents and brokers keep track of: Getting a certain number of clicks on pages and listings Lowering the bounce rate on landing pages by a certain percentage each month Securing a specific number of newsletter subscriptions via landing pages Getting a specific number of people to read the blog on a daily, weekly, monthly, and annual basis Attracting a certain amount of lead...

How I “Read” 22 Books In One Day (And You Can Too!)

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Earlier this year, my wife and I went on vacation to Mexico. During our stay, we spent about 90% of our time sitting on the beach (and I burned to a crisp… but that's another story). Now, sitting on the beach might sound like an easy thing to do (and it is, for the most part)… but there's one problem I have with sitting around all day . I'm not a big fan of doing nothing. My brain always needs to be engaged . Whether it's solving a problem, working on a deal, listening to a podcast, reading a book, etc. I think most books have a ton of value, and it's a perfect activity for sitting on the beach… but the problem I have with reading books is – I'm a SUPER slow reader. Unless I'm intensely interested in the subject matter, I have a hard time spending ALL DAY consuming a single book . RELATED: 20 Books That Changed My Life Even audiobooks can be a struggle for me, because it can easily take 5 – 10 hours to get through one audiobook (not to mention, if I ...

House Hacking: The Official Guide On How to Live (Almost) Mortgage Free

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What if I told you that, when it comes to where you live, you can  have your cake and eat it too? What if there was a way for you to live in a highly desirable area — San Francisco, Chicago, New York — but you never had pay rent or a mortgage payment? And before you jump off this page, thinking I have some crazy trick up my sleeve, I promise you, I have nothing to sell at all! In fact, you and I are probably a lot of like. At the time of this writing, I’m living in Chicago — Rogers Park to be exact — and lovin’ my life in the big city. There is always something going on! I’m literally a 5-minute walk to the beach on Lake Michigan. I have all the ethnic cuisine I could ever want at my fingertips. All in all, I've found a community here like I’ve never experienced before. The world is in my backyard: There is so much culture, diversity, and innovation everywhere you look. The True Cost of Living in a Major City Life is truly incredible here, and my family and I are happier ...

Rentometer Review: Is It Really Accurate and Reliable?

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If you've ever wondered what houses and apartments are renting for in a given area – whether you're looking to rent a property yourself, or you're looking to buy a rental property as an investment – you may have stumbled across a free online website called Rentometer . Rentometer is a site that gives users an estimate of what rent prices are in the nearby vicinity of a subject property. You can simply enter a property address, a dollar amount for monthly rent and the number of bedrooms in the rental unit. Rentometer will compare your data with similar rental listings in the area and display some numbers and helpful visual aids showing how your rent amount compares to similar properties in the area. I remember back when I bought my first rental property, I had this site bookmarked . At the time, I didn't know any other fast and easy ways to find out what the average rent prices were in the neighborhoods where I was looking to buy, so I referred to it constantly . ...

037: Passive Income from Wind Energy (What No One Is Talking About)

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Over the past year, I've become a lot more interested in finding legitimate ways to generate sources of  truly passive income from vacant land. Now, to the average real estate investor, the words “cash flow” and “vacant land” do NOT go together, but if you know where to look and how to find these kinds of properties, there are actually a ton of opportunities out there. RELATED: 7 Ways to Make $1,000 Per Month from Land There are actually a lot of ways to do it, and one such way is to invest in own land that is leased out to the owner of a wind farm development. Essentially, the landowner can earn revenue from the lease (which typically lasts for 35 years or longer) and through a small percentage of the royalties from the energy that is generated and sent into the power grid. Depending on the size of the wind farm project, it's not uncommon for these leases and royalties to produce anywhere from $20,000 – $50,000 for the landowner. And the landowner doesn't have to...

The Ultimate Beginner’s Guide To Wholesaling Real Estate (Part 5)

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Welcome to the fifth and final part of our in-depth “Ultimate Guide to Wholesaling Real Estate” blog series! If you haven’t checked out parts one , two , three and four , you’ll want to do that in sequential order first, then come back and finish up the series here. In part three we covered Acquisitions , the department responsible for the process of acquiring inventory, and in part four, we covered Dispositions , the department responsible the process of “Selling” or disposing of inventory. The last major component of a successful house wholesaling business is the closing process (and paperwork). We call this the Transactions department . Overview of the Transactions Department The Transactions department is responsible for closing each deal  successfully and on time. A “closing” is the meeting where both the seller and buyer sign their side of the paperwork that legally transfers ownership. Closings typically happen at a pre-determined date, and in many cases, ...