Carleton Sheets - *Best-Selling Author
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Posted by: Carleton Sheets in Credit crunch, Creative Financing Techniques, Bailout on
Sep 28, 2008.
I've been asked my opinion about the current government bailout and how it will affect real estate investors. If you are currently a real estate investor, you may have noticed that it has been more difficult to get credit---even if you have excellent credit! Banks have tightened their lending standards, lowered their LTV (loan-to-value) limits, and are very cautions about who, what, why, and
Posted by: Carleton Sheets in Real Estate Market, Real Estate, News, Media on
Sep 24, 2008.
When you read the newspaper or hear the headlines on TV or the radio, have you ever noticed that each venue reports the same story just a little differently? Maybe it's the way descriptive adjectives are used, or the inflection of the reporter's voice, or perhaps the order in which the facts are presented. Each or all of these techniques used by the media can leave you with a more positive---or
I am both shocked and amazed about what just happened to financial giants AIG, Merrill Lynch, and Lehman Brothers. The downfall of these seemingly stalwart icons in the securities industry is a blow to the financial powerhouses on Wall Street that will trickle down to the American consumer. My friends, it is a tough economic sea we are maneuvering in.
What does this mean in the "big picture"?
Posted by: Carleton Sheets in Short Sale, Foreclosure on
Sep 14, 2008.
The more things change, the more they stay the same. I was in a library not long ago, and was looking in the real estate section at some of the foreclosure titles. Many were written years ago, but much of the core information remains the same. The message is still loud and clear: Foreclosures make money, and there are always new developments which make foreclosures easier to find and to
Posted by: Carleton Sheets in Time Management, Time, Budget on
Sep 10, 2008.
I've often heard people say, "I'd love to do that, but I just can't find the time."
Time is so elusive. But, to me, it is perhaps the most valuable commodity we have. In my years of investing, I have learned to be very disciplined with my time, and to budget it wisely---which means making choices. It means I had to prioritize what was important to spend time on, and then to follow
Posted by: Carleton Sheets in Freddie Mac, Fannie Mae on
Sep 07, 2008.
The federal government defined its housing-market rescue plan yesterday when it announced the takeover of Fannie Mae and Freddie Mac, and agreed to pump billions of dollars into these failing companies---plus assume trillions of dollars worth of debt.
From this point forward, the government will have more control over the housing market than ever before. Instead of being reactionary, it can
Posted by: Carleton Sheets in Virtual, Motivated Seller, Automated on
Sep 04, 2008.
Technology has made so many aspects of real estate investing much, much easier for investors. The Internet, of course, gets most of the credit. From searching public records online to property management tools and programs to identifying properties, investing in real estate just keeps getting better!
For example, the ease of finding public records on the Internet has made researching the
Posted by: Carleton Sheets in Property, Neighbor, Lead, FSBO, Foreclosure, Distressed on
Aug 31, 2008.
In my Real Profit$TM in Real Estate program, I talk about some of the ways to find properties for sale. These strategies include driving through neighborhoods, calling "For Sale By Owner" (FSBO) ads, searching the Internet, checking the MLS, and exploring word-of-mouth referrals.
But there are so many more ways! You've just got to be creative. One of my students is able to search the lis
Posted by: Carleton Sheets in Private, Money, Lender, Hard money on
Aug 28, 2008.
Has anyone every volunteered to give you money? Sounds crazy, but it can happen---especially when you have a proven track record as a real estate investor.
In this economy, there are many people who are dissatisfied with the returns they are getting on their 401(k)'s or stock investments. Some of them take matters into their own hands---by taking control of their own portfolios in the hopes of
Posted by: Carleton Sheets in Rehab, Foreclosure on
Aug 24, 2008.
There you are, just minding your own business while driving to work when you spot a house, and you just KNOW that there's something not quite right. Sure enough, you learn that the property is in pre-foreclosure. What tips you off?
One of the first signs that something is amiss is the sign of neglect. Perhaps the grass is too long, or the windows look dirty, or the yard is unkempt. Or, maybe
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