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Question by Roni R: Backstabbing business partners?
I am involved in many aspects of real estate investing and due to this have different people that I work with on a regular basis. I recently made a HUGE contact (VP of a bank) and set up an appointment to talk business. I invited a partner to go with me who in turn invited a partner of his (older guy with about 30 years experience in investing) as a resource for any difficult senario that should arise. Well this “older investor” totally took over and directed the whole meeting. Did not even acknowledge my existance during the meeting. I could not squeeze a word in edgewise. He plans on following up with MY contact. I felt like he disrespected me and tried to cut me out of the deal right in front of my face. I am so angry right now. The older guy is someone that I will definately have to deal with again because of how I conduct my business so I can’t cuss him out. I need advise on what to say to this guy and how to prevent this from happening again.

Best answer:

Answer by Jan C
I guess the moral of the story here is to never trust anyone in business. It is sad, but people in general are GREEDY.

Know better? Leave your own answer in the comments!

Question by nursegoodbodyandmind: I need to get rid of my home quick. Has anyone ever done business with one of those “We Buy Houses” companies?

WE have good credit and the payments are up to date, if that matters.
I’m living in a different state than the house I want to sell. It has been on the market for almost a year. I want to purchase a new home in the state where I’m living. I’m paying the bills and putting savings in the bank. This isn’t a credit issue. This is a geography issue.
The home appraised for K over what I owe last year.
This isn’t a situation where I MUST get rid of it. I just want some of my equity back so I can get a home in the state where my hus is working.
If they low-ball me, I’ll walk away from the deal.

Best answer:

Answer by Alice
I would assume that you would be making a mistake going through an outfit like that.

Here are some particularly good tips:

• Don’t fall for promises like “We’ll save your credit”; “We’ll buy your house ‘as is’”; or “We’ll get you a new mortgage with low monthly payments.”

• Don’t sign away ownership of your property (sometimes called a “quit claim deed”) to anyone without the advice of lawyer you trust. “When people get behind on their loan payments, they get a bit desperate, but the answer is not putting someone else on your title,” says Oakland real-estate attorney James Hand.

• Beware of any home sale contract where you aren’t formally released from liability for your mortgage. Also, make sure you know what rights you’re giving up and that you agree to giving them up.
From http://realestate.msn.com/article.aspx?cp-documentid=13107743

Here is some additional info on scammers who use this approach:

http://www.housebuyernetwork.com/resources/advice/HowToAvoidWeBuyHousesScams.htm

Contact a real estate agent whose signs you have seen in your neighborhood and get their advice for a quick sale.

Give your answer to this question below!

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RREIN Gets Down to Business for Members: Network Garners Media Praise, Builds Members’ Success
RISMEDIA, December 6, 2010—Within the first six months since the initial launch of RISMedia’s Real Estate Information Network® (RREIN), Broker members are already benefiting from the variety of publicity opportunities RREIN provides. In addition to the Network’s strong presence at…
Read more on RISMedia Real Estate News

Home Refinancing Applications Drop as Interest Rates Rise
RISMEDIA, December 6, 2010—(MCT)—Brightening economic signs are pushing interest rates higher, choking off a surge in home refinancing at the same time that buyers are showing more willingness to purchase houses at today’s beaten-down prices. Fannie Mae said that the…
Read more on RISMedia Real Estate News

Monday Morning Mobile: New Website Makes Mobile Easy
RISMEDIA, December 6, 2010—Redesigning and/or rejuvenating your website can be a daunting task. Just recently my team and I sat in our conference room for hours clicking through every possible inch of our existing website and mapping out what those…
Read more on RISMedia Real Estate News

Question by sophieb: In Florida, how exactly does a licensed Real Estate “referral agent” conduct their business.?
I mean like what is a referral agent’s job. How do they transfer the prospective buyer to a full-time agent?
yeah David, if only it worked that way in reality.

Best answer:

Answer by David Z
licensed real estate agents pay about 1/4 of their commission to agents who refer them clients. essentially they are buying business.

so if agent A lives in Ilinois and refers a buyer moving to Florida to an agent in Florida, the Florida agent will pay Illinois agent 1/4 of his commission he earns when the buyer closes on a home in Florida. This is a nice thank you gift for sending business their way.

What do you think? Answer below!

Business Events
TODAYEDIF Estate and Tax Planning Event and Networking Forum, 8:30-9:30 a.m., Gold Coast Eagle
Read more on The Sarasota Herald-Tribune

Ridge Property Trust Bolsters Economic Development in the South Texas Region
Company Leases More Than 170,500 Square Feet to Area Businesses, Adding 50 Local Jobs (PRWeb November 15, 2010) Read the full story at http://www.prweb.com/releases/2010/11/prweb4784634.htm
Read more on PRWeb

Tim Eyman, business supporters back two-thirds majority for Legislature to raise taxes
Initiative activist Tim Eyman’s latest smaller-government campaign is straight from the greatest-hits collection: requiring a two-thirds supermajority for the Legislature to raise taxes.
Read more on Seattle Times

New Short Sale Solution Simplifies Process for Real Estate Agents and Their Clients
Denver October 15, 2010 Claremont Information Systems, a leading provider of distressed real estate data and analytics, today launched ShortSaleProLogic.com, the industrys first short sale solution designed specifically for real estate brokers and agents to create efficiency in identifying, tracking, and closing short sales. Demand for a simplified and effective short sale process has…
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5 Ways to Prepare for a Breakout Success
RISMEDIA, October 16, 2010—Today’s challenging market has proven to be a career-defining opportunity for real estate agents looking to stay ahead of the competition. Agents who understand that real estate is a marketing business have taken the first step toward…
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Want to sell a home fast? Hire a home manager.(Brief Article): An article from: Fairfield County Business Journal

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eBook authors write eBooks in the hope that you will sell them. You can sell affiliate and other people’s products to start but most people that buy and sell eBooks are looking for something “original”, so you might want to write some of the eBooks yourself to save money and to help spread the word about you and your business.

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Asbury Park Life, the Asbury Boardwalk, and the City of Asbury Park …boardwalk Events and City Business, Restaurants and Real Estate News in Asbury Pa

City of Asbury Park , courtesy of Paul R Hauke and IFFPF Inc, free restaurant, business and real estate news. The latest on the Asbury Partners re-development , Asbury Park Life , the Berkeley Carteret Hotel , Madison Marquette, Salt Water Beach Café, Paramount Theatre, Casino, Convention Hall, Carousel , Palace, Stone Pony, new oceanfront luxury condos, Wesley Grove, North Beach, Esperanza, and great restaurants and nightclubs like Moonstruck, Empress, Bistro Ole, Carmines, and all great things in Asbury Park city life.

Feel the pulse of the heartbeat of Asbury Park. The city is being reincarnated as the Jewel of the east coast. The improvement is continual and visible with each passing day. Planned for the town is 3,000 new oceanfront residential units and 500,000 square feet of new commercial space. A 1.2 billion dollar waterfront redevelopment plan. New units are sized form 545 sq foot studios, to approximately 3,000 square foot four bedroom penthouses. Prices start in the low 0,000.’s and exceed 2 million.

The sale of existing housing is very hot. Real Estate prices have increased steadily year after year. Many investors are cashing out for large profits. There is no shortage of new investors who stand to profit handsomely in the future as the development continues.

Asbury Park is the last great oceanfront city in New Jersey, with over a mile of pristine beach and boardwalk. Master developer Asbury Partners LLC, a partnership of Oceanfront Acquisitions and D. Sass Municipal Finance Partners, New York City, have sold rights to sub developers such as Kushner companies, Metro Homes, and Paramount Homes who plan to build the 3,000 new apartments and townhouse condominiums as well as 500,000 square feet of retail and

entertainment space.

Some of the best restaurants in New Jersey have opened in Asbury Park and have been trendsetters in their own right. The Moonstruck Restaurant was one of first large scale business investments in the future of Asbury Park. The owners 2 million plus investment has been hugely successful, and this success has opened the door for more great restaurant to follow, such as Bistro Ole and Carmines Italian. And not to be forgotten are the long time favorites such as Jimmy’s Italian and Frank’s Deli.

Asbury Park entertainment has always been in the limelight. The Stone Pony has set the stage for great entertainers such as Bruce Springsteen. Shep Pettibone , Madonnas producer and writer, has bought and refurbished the oceanfront Empress Hotel and operates it as upscale gay nightclub and resort.

The upscale oceanfront condos and townhouses being built, such as the North Beach and the Esperanza, will have hotel style services – housekeeping, grocery shopping, laundry – and will be available through the 24 hour concierge service. Other than the ocean at your doorstep , the Esperanza will have two in house restaurants, a club room, screening rooms, and 23 poolside cabanas each fitted with a daybed, plasma-screen television, wet bar,private safe, and full bathroom. There will also be poolside food service, a dining area, a children’s play area and a landscaped lawn.

For the latest info on Asbury Park events and boardwalk bookmark http://www.asburyparklife.com

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