Just because I’m traveling around Italy with the Vargas clan doesn’t mean I’m not working. I had a conversation yesterday with Eduardo. He’s an associate we are working on a probate property with. The said piece of property is currently in foreclosure. The problem he’s running into is the seller keeps raising the price. I
I’ve been in this real estate game for a very long time. And most of it (23 years) has been spent specializing in the inherited real estate market. I have had hundreds upon hundreds of conversations with sellers going through probate. Wanna know their biggest motivation for selling the house? They want to get their
Over the years I’ve developed the ability to recognize almost instantly if someone will be successful in their real estate ventures. All I have to do is look at three of their behaviors: TimeMoneyCommitment Number one revolves around the timeline you create to get a project or task complete. Preparation is important, but lengthened time
This past weekend I was talking to a good friend of mine who is a very successful real estate investor.I mean, this guy knows his stuff when it comes to investing. Not only has he been in the business for many years, he’s also branched out to wholesaling out of state. I was talking to
There’s a website I go to once in a while just for laughs. It’s called fml and it’s a site where people share bad things that are happening to them and then other people get to vote whether they think that person’s life sucks or if they deserved what happened to them. So this one
I’m sure that by this point in your life you’ve heard the old adage “there are only three guarantees in life: death, taxes, and email.” Wait, you’ve never heard the email part? Well, that’s because emails getting to their intended recipients is absolutely not a guarantee. The Big Three mailbox providers (Google, Microsoft and Yahoo)
Halloween is less than two weeks away and that’s why we spent the day yesterday decorating our house here in Los Angeles. Well, it’s not exactly what everyone on our block expected. We were putting up Christmas decorations yesterday! There are three reasons we chose to spend yesterday getting ready for Christmas. FIRST – my family
On Friday I talked about the supply and demand problems with real estate and how you can find a secret treasure trove of properties to cash in on. There’s another issue going on in the housing market, but it’s one that is not easily understood using simple economics. Why? Because the government has been heavily
I know it’s been a while since I’ve sent you an email. My deepest apologies are in order. I recently got back from a 20 state tour of the United States. My wife, Kathy, our four kids, one of their friends, and our dog, Kalaya, came with us for our tour of America. The trip wasn’t
Have you ever seen the movie National Lampoon’s Vacation? Chevy Chase plays a loony but loving father Clark Griswold who takes his family across the country on a vacation full of mishaps and shenanigans. Call me crazy, but the Vargas family is heading out the door in about a half-hour to embark on a family
In 1997, Sean “Puff Daddy” Combs came out with the song “It’s All About The Benjamins”. In an effort to keep my pride intact, I’m not going to tell you how old I was back then. We didn’t have iPhones or mp3 players in 1997. The radio was our “streaming station” and every time I heard
Are you familiar with the term daisychain in real estate?Basically it’s when a supposable “buyer” takes your contract, marks it up in price, and then goes out and markets that contract as if it were his own. This is exactly what happened to one of my younger team members.He was so excited about getting a property
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