Author: Daniel Hart

Stop Asking for a Mentor by Daniel Hart Mentors are a critical part of any business, and even throughout life in general.  Other people hold invaluable wisdom that helps us grow, not just as a business, but as a human being.  One of the first questions I see new real estate investors ask, often before they’ve even read a single book about investing, is “Where can I find a mentor?” or “Will you be my mentor?”.  Mentors are a critical part of real estate investing, and any business for that matter, but please, I beg you, stop asking for them.…

The Rockingwell Sheriff Sale Judgment by Daniel Hart I noticed an upcoming auction on Rockingwell Boulevard, which is a neighborhood I am pretty familiar with. A credit card company, whom had been awarded a judgment for an unpaid balance, had initiated foreclosure on a property in an attempt to recover their money owed. This particular property consisted of two parcels, one with a house and one with empty land.  As the owner’s name was on both, the credit card judgment stuck to both parcels. At first glance there was a large bank mortgage that ate up all the equity. However,…

You Need to be Marketing By Daniel Hart Full-time investors don’t just spend more time investing, they also take a different approach, in that they treat it as a business.  Real estate is actually a people business, that happens to involve houses, so full-time investors know they need to be working with people to create deals, not just browsing listings, or looking at wholesaler emails that pass by. The most critical part of treating it like a business is one that’s critical to any business;  Marketing.  Full-time investors spend a great deal of effort (and often money) marketing to motivated…

After 100 deals, I have “5 Rules” to buying rental property.  You are not going to like them, because they are difficult, but they are necessary to thrive. by Daniel Hart These 5 rules have kept me in business for almost 20 years.  They are not theory, and are actual formulas that I really use, can be used by anyone, and should be used by everyone on all rental property deals.  They have helped me guide countless investors to building highly successful portfolios. At first glance, they may seem impossible to meet, but keep in mind that professional investors are…

Taking Your Profit as Anything The reality is that you can accept anything as a wholesale fee. By Daniel Hart My first wholesale deal was rather unconventional. I am glad it was, because it showed me how flexible the business could be. I realized the business was more than just buying and selling houses through realtors, which is the only perspective most people have. Rather it is anything you want it to be, as long as it is legal, and it usually is. The “John Street” house was scheduled for demolition by city code enforcement. It was on the dead…