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James Kimmons

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Real Estate Investment News 4/11/2014

Friday April 11, 2014

Real Estate Investing Is No Longer A Private Club - Forbes

Wed, 02 Apr 2014 15:17:03 GMT

ForbesReal Estate Investing Is No Longer A Private ClubForbesJilliene Helman had a track record in real estate. She had underwritten more than $1 billion and was a vice president in wealth management at Union Bank. She knew what to invest in and what ...

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Passive vs. active investing in real estate - Chicago Tribune

Thu, 10 Apr 2014 09:36:52 GMT

Passive vs. active investing in real estateChicago TribuneIf you devote an extensive amount of time toward the management and operation of the building, you might have the ability to consider yourself as an "active" investor in real estate. The rules ...

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Reader's plan to sell investment property has major tax implications - Washington Post

Thu, 10 Apr 2014 03:09:16 GMT

Reader's plan to sell investment property has major tax implicationsWashington PostBecause your plan to sell investment property and use the proceeds to reduce the mortgage on your principal residence results in significant tax liabilities with no re ...

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Dear Monty: Building a real estate investment team - Wicked Local Hamilton

Wed, 09 Apr 2014 06:48:02 GMT

Dear Monty: Building a real estate investment teamWicked Local HamiltonThanks, Rob P. Monty's answer: Hello, Rob, and thanks for your question. Owning investment real estate can be a great business. You are spot on to be looking at assembling a team ...

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The Basics of Real Estate Wholesaling

Sunday April 6, 2014

Real Estate WholesalingI'm starting a short series of articles about the wholesaling niche in real estate investment.  As the middle entity in matching undervalued properties to real estate investor buyers, the real estate wholesaler can profit, and do so with little investment on their part.  Learn the basics of real estate wholesaling in this first series article.

Doing Images Right on Your Real Estate Website

Saturday April 5, 2014

CanStockPhotoThere is no doubt that the right photo, image or video clip makes a website article or blog post stand out.  Without an image, many people will be turned off, no matter how great your content.

However, be legal in your use of images, and that means taking them yourself or using royalty free images you can purchase from a number of sites.  Hundreds of thousands of images related to real estate are there, and I've shared three sites I use a lot in this article on royalty free real estate images.

Real Estate Market News 4/3/2014

Thursday April 3, 2014

What $250000 Will Buy In The Phoenix Real Estate Market - Investopedia

Thu, 03 Apr 2014 15:58:00 GMT

InvestopediaWhat $250000 Will Buy In The Phoenix Real Estate MarketInvestopediaThe median list price for Phoenix-Mesa area homes is $244,900, up 14% from the same month last year, according to the National Housing Trend Report for February 2014 publi ...

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The Most Expensive Real Estate Market in America - 24/7 Wall St.

Thu, 03 Apr 2014 10:27:36 GMT

Proactive Investors USA & CanadaThe Most Expensive Real Estate Market in America24/7 Wall St.If real estate data are to be believed, the housing market has recovered so rapidly and so robustly that some markets have regained the record levels of 2005 ...

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After 8 years, the real estate market is finally looking normal again - Fortune (blog)

Mon, 31 Mar 2014 16:53:44 GMT

Economic TimesAfter 8 years, the real estate market is finally looking normal againFortune (blog)Then came the crash, and prices fell precipitously, with the Case-Shiller Housing Index losing 33% from its 2006 peak to the 2012 trough. But nearly just ...

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How's Your Contact Data Health?

Monday March 17, 2014

When I ask the question about contact data health, I mean how current is your information, how accurate is it, and how complete is it?  I'm a Gmail guy, but it's the same with Outlook or other email clients.  We very frequently have new contacts entering our CRM system with limited data.

We may have only their email address and name, common when Gmail only puts that information into the Contacts file.  Sometimes we have one of their phone numbers, and one email address when they have more than one.  How often in the past few years have you changed or added a phone number or email address?  The fact is that we all add new contact info and/or change our current info frequently.

We can be very proud of our diligence in gathering info in the first place.  However, once we have it, how often do we go through hundreds or thousands of contacts/prospects and update their contact information?  Try never in my case.  I just don't have the time, and don't want to waste time updating information for people I may never hear from or deal with again.

I've written about Evercontact before, but wanted to do this reminder post now.  Just about everyone these days understands the value of a complete email signature.  We place our various website addresses, email addresses and phone numbers in this signature.  What Evercontact does is to take that signature information and use it to update your contact information for Gmail or Outlook.

I no longer worry about whether I have the latest information about a contact who has emailed me recently.  It's all done automatically for me by Evercontact.  Check it out.

Mortgage News 3/17/2013

Monday March 17, 2014

Average 30-year mortgage rate rises to 4.37% - USA TODAY

Thu, 13 Mar 2014 14:47:01 GMT

Philly.comAverage 30-year mortgage rate rises to 4.37%USA TODAYWASHINGTON (AP) -- Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan ...

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US Criticized for Lack of Action on Mortgage Fraud - New York Times

Fri, 14 Mar 2014 01:51:12 GMT

New York TimesUS Criticized for Lack of Action on Mortgage FraudNew York TimesAttorney General Eric H. Holder Jr. announced in 2012 that prosecutors had charged 530 Mark Wilson/Getty Images Attorney General Eric H. Holder Jr. announced in 2012 that p ...

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Should Congress Limit the Mortgage-Interest Deduction? - Wall Street Journal

Mon, 17 Mar 2014 00:35:28 GMT

Wall Street JournalShould Congress Limit the Mortgage-Interest Deduction?Wall Street Journal... total of roughly $70 billion in federal tax breaks through the deduction. But discussions in Congress about a broad tax overhaul are heating up, and all s ...

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Does RealtyBizNews Want You To Work For Free?

Saturday March 15, 2014

There are only two assumptions I can think of when I read this post at Realty Biz News about FREE Getty Images.  The title of the post is Spice Up Your Real Estate Website With Free Images From Getty.

The last sentence in the post is:  "In any case, it's a great bonus for all of us real estate professionals looking to spice up our websites with millions of gorgeous, free-to-use images suddenly available."

Getty's terms of use are very clear, and even mentioned in the post.  The free use is only for "non-commercial" purposes.  So, I can't figure out which of the two scenarios applies to this situation:

  1. Realty Biz News doesn't know what commercial use actually is.  I believe that commercial use doesn't just imply, but very clearly means that the site using the images is a commercial site.  It makes money, is a business.  I believe that EVERY real estate site out there is commercial in nature.
  2. Realty Biz News wants you to offer your services free of charge on the site so that it will not be commercial in nature.

I think it's likely that Number 1 is the case, but that brings up a troubling point.  Though there are cases where the use of an image can be considered "informational" on a business website, it's a murky area.  Getty images says:  "Getty Images defines "commercial use" as the promotion of a product, service or company."  The fact is that a real estate website is promoting a service business for profit.  I don't know how much more commercial you can make it.  A website presenting itself as a valid news source for real estate professionals should know more about publishing and copyright law before they get their readers into trouble.

Checklist and Guides for the Novice Real Estate Investor

Saturday March 15, 2014

I've put together a step-by-step guide for the novice real estate investor.  It will help you to get your basic knowledge about real estate investment as compared to other asset classes, as well as information about mortgage types, and a really great set of valuation tools and calculations.  You'll even get access to download valuation spreadsheets.

How NOT to Hold an Open House

Wednesday March 12, 2014

Real estate porn: Real estate agents caught on camera getting frisky in for ... - New York Daily News

Wed, 12 Mar 2014 11:00:54 GMT

New York Daily NewsReal estate porn: Real estate agents caught on camera getting frisky in for ...New York Daily NewsTwo New Jersey real estate agents allegedly turned an open house into their private love nest -- and it was all caught on camera. New ...

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'Ballpark Guesstimate' Insufficient To Support 'Real Estate Pro' Status ... - Forbes

Wed, 12 Mar 2014 13:14:10 GMT

'Ballpark Guesstimate' Insufficient To Support 'Real Estate Pro' Status ...ForbesA "real estate professional" may treat rental real estate activities as non-passive if the taxpayer "materially participates" in the rental activities. Taxpayers claimin ...

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Real estate scammer says he's too obese for prison - WESH Orlando

Tue, 11 Mar 2014 21:47:57 GMT

Real estate scammer says he's too obese for prisonWESH OrlandoJames Olivos pleaded guilty and was sentenced in December to serve five years and pay back almost $3 million after admitting he ran a multimillion-dollar real estate scam. He's missed thre ...

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Plan for Mortgage Giants Takes Shape - Wall Street Journal

Tue, 11 Mar 2014 23:28:44 GMT

Press HeraldPlan for Mortgage Giants Takes ShapeWall Street JournalThe plan, by Senate Banking Committee leaders Tim Johnson (D., S.D) and Mike Crapo (R., Idaho), calls for replacing Fannie and Freddie with a new system of federally insured mortgage ...

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Mortgage Applications Slip in Latest Week - DailyFinance

Wed, 12 Mar 2014 12:18:30 GMT

Housing WireMortgage Applications Slip in Latest WeekDailyFinanceThe Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 2.1 percent to 373.3 ...

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Mortgage News 3/11/2014

Tuesday March 11, 2014

Mortgage Market Gets Reshuffled - Wall Street Journal

Mon, 10 Mar 2014 02:41:41 GMT

Wall Street JournalMortgage Market Gets ReshuffledWall Street JournalWashington's effort to push banks out of the mortgage-servicing business is propelling the handling of customers' loans into companies such as hedge funds and nonbank financial firm ...

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With clock ticking on mortgage relief, homeowners wonder what's ahead - Washington Post

Tue, 11 Mar 2014 08:05:58 GMT

With clock ticking on mortgage relief, homeowners wonder what's aheadWashington PostAnd roughly 800,000 borrowers who remain enrolled in the government's flagship program will see their mortgage interest rates gradually rise starting this year -- even ...

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Credit Suisse Documents Point to Mortgage Lapses - New York Times

Mon, 10 Mar 2014 01:08:39 GMT

International Business TimesCredit Suisse Documents Point to Mortgage LapsesNew York TimesBrady Dougan, now the chief executive of Credit Suisse, received internal audits saying that the mortgage unit could expose the company to "significant and unac ...

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Mortgage Insurers Form New Trade Group to Push for Broader Role - Bloomberg

Mon, 10 Mar 2014 17:18:51 GMT

Mortgage Insurers Form New Trade Group to Push for Broader RoleBloombergSix U.S. mortgage insurers, including units of Radian Group Inc. (RDN) and Genworth Financial Inc., formed a lobbying association to push for a broader role for the industry in a ...

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Mortgage Rate Preview: Rates Expected To Keep Rising Through Friday; Lock A ... - The Mortgage Reports

Mon, 10 Mar 2014 02:37:47 GMT

Mortgage Rate Preview: Rates Expected To Keep Rising Through Friday; Lock A ...The Mortgage ReportsMortgage bonds worsened last week as tensions between Russia and Ukraine eased; the economy showed signs of growth; and, the February Non-Farm Payrolls ...

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