Real Estate Journal
Fall 2016
2. REIFANET; The Opportunity in Disruption
7. Partnerships: The Good, the Bad, and the Ugly
3. Smoke Detectors; What You Need to Know
8. Marketing: Hot Leads For Under a $1.00?
5. NREIA Legislative Update
10. 4 Ways to Protect Your Rental Property from Common Threats
2016 U.S. Presidential Election 6. Eight Current Trends Affecting Your Sales Growth Rate Aerial Drone Technology for Savvy Investors
13. Fix and Flip or Rent 14. Finding Deals Using Your Unique Niche
Circulated To Over 40,000 Real Estate Investors Nationwide
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Member Spotlight
Vol. 1 Issue 5
How Far Are You Willing to Go to Get Paid? By David Pickron
O Duke Marquiss
D
uke Marquiss specializes in
the acquisition and sale of “Distressed Assets;” buying homes, commercial properties and mortgage loans or judgments against real property, whether performing or non-performing. He is a member of ICOR – the Investment Community of the Rockies, in Loveland, Colorado.
Please tell us a little about who you are and what you did before getting into real estate investing: Have you ever heard of the song “Home on the Range”? That is kind of where I grew up - forty-
PRSRT STD US Postage P A I D Sound Publishing Inc 98204
continued on page 9
ver the last 20 years as an
investigator, I have seen thousands of cases where a landlord, acting purely on principle, has lost a great deal of money chasing a tenant who recently skipped out on rent or was evicted. These landlords desperately come to our firm to see what step they need to take to get their money. Though every case is different, the majority of the time this process becomes a waiting game. As a landlord you need to know that a person who just lost the roof over their head probably does
By Chris Kuehl
not have a high paying job or big fat bank account. If they did, chances are you would have been paid. And the fast food job they are working can easily be replaced, so if you try and garnish Taco Bell, they can move to Jack-in-the-Box across the street. The deeper question we need to ask is “Why did they not pay rent?” With the majority of the country having less than $500 in savings, one little bump in the road can put your tenant into a tailspin. I have seen evictions caused by divorce, a broken relationship, job loss,
continued on page 19
Are We Staring at a Housing Bubble?
T
here are few comments that
bring as much fear to the heart of the investor than reference to a housing bubble. The crash of 2008-2009 has by now been oversimplified by legions of analysts and commentators and now the perceived wisdom holds that this whole recession and subsequent slow growth and recovery was due to the collapse of the housing market. Granted there was plenty of damage and the housing bubble certainly played a major role but since then there has been a morbid fear of anything that looks remotely like a repeat. continued on page 21
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health concern, traffic accident, car repair, prior collection, tax levy, criminal behavior, addictions like gambling or drugs, and a plethora of other unplanned occurrences. The good news is that many of these heartaches clear up over time. People get remarried, obtain better employment, inherit money or find themselves in a better situation years down the road. So, if you feel you cannot collect right away, you might want to sit on your judgement or claim for a couple
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