Archives for February 2017

CREPN #81 How to Make Big Money, Fast in Bare Land with the Land Geek, Mark Podolsky

The first thing a real estate investor needs to decide, is what is your strategy? Everyone hopes to buy low and sell high. Few consider the riches available by investing in bare land.

The Land Geek, Mark Podolsky, shared his journey from a workaholic investment banker to a two hour per week passive income professional investor in bare land.

Mark’s investment banker training taught him that a company with fifteen percent EBITDA was a good company. When his new work colleague showed that investing in land he could make 300 percent, he had to see for himself.

Sure enough, when he took the three thousand he had saved for car repairs and turned it into nine thousand, in less than thirty days, he was hooked. In just eighteen months of investing on the side, he was able to surpass his income as an investment banker.

So, he traded in his one hundred hour work weeks, for what is now no more that two hours per week.

How Can You Make Money in Bare Land?

CREPN #80 What to do Before Property Damage Strikes with Marla Rockhill

Winter is the season for property owners everywhere to experience property damage caused by weather; snow, ice, rain, flooding and landslide.

Unfortunately, almost fifty percent of businesses affected by a major loss, never reopen. Failure to plan is a plan to fail.

In an emergency, you need help and you need it fast.

Emergency Ready Profile, click here.

What can you do to make certain you stay in business after disaster strikes?

To learn more about what can be done to prepare for an emergency, we spoke with Servpro representative Marla Rockhill.

A good first step to reducing the property damage is to create an emergency plan. The information contained in an emergency plan is easy to find on a normal day, but it can seem impossible to find in the face of an emergency.

Essential information in an emergency plan include:Continue Reading …

CREPN #79 – How to Improve Site Selection for Retail Success with SiteZeus

Site selection is a fundamental key to successful real estate investing, location, location, location!

For retail there can be multiple reasons for failure; poor concept, product, planning, understanding who is the ideal customer, and lack of funding to name a few. But what if these are elements are solid.

Could a poorly located business fail?

No Traffic

Poor visibility

No signs

Can site selection improve the odds of success?

Hello SiteZeus.

Site Zeus was created by Hannibal & Keenan Baldwin, successful business entrepreneurs who suffered some unexpected failures. When they compared the successes to the failures, there was one significant distinction between success and failure: poor site selection.

How could they prevent a repeat of the failure in the future?

The answer was in the data.

CREPN #78 – How to Save on Insurance When Investing in B, C, D Properties

Real Estate Investors who chose B, C & D properties must know four things to save on insurance.

Almost any insurance company will offer coverage for a newer class A property. This is because the risk of damage from a building system breaking is low.

A class B property, it will be more than twenty years old and will have dated decor. The age of these properties coincides with the end of life expectancy of multiple critical building systems which need to be replaced.

Systems that are not replaced present a higher probability of failure or breakage resulting in damage to the property. This increased likelihood of damage reduces the number of willing insurance companies to cover the property and in turn reduces the competition for your business which ultimately leads to higher cost of insurance.

The Underwriter’s job is to screen the condition of the property for acceptability and to minimize the chance of paying an avoidable claim. The more current the building systems, the less likely a claim and the better the chance of acceptance and aggressive pricing from the insurance company.

How to Save on Insurance When Investing in B, C, D Properties