Mother of All Real Estate Books
If you follow the RealData Dispatch, you know we devote much
of it to telling you about educational content and investor
resources. On May 15, our friend Dan Auito is launching what
may be the most ambitious compendium of real estate articles
we've ever seen, called Be
a Real Estate Heavyweight.
I think Dan must know everyone in the industry, and he has
successfully twisted the arms of 95 authors (including mine)
to contribute to this encyclopedic project. The articles cover
a wide range of subjects, all of them geared toward real estate
investing. Consider just this small sampling of topics:
- Getting Started
- Marketing Strategies, including internet-based and Web 2.0
- Private Money and Creative Finance
- Foreclosure, Loss Mitigation
- Tax Liens, Probate Investing, Short Sales
- Commercial Real Estate Investing
- Real Estate Specialties
- Taxes, Insurance and Entities
Dan hand-picked these 95 industry professionals "to give
you their current perspectives, insights, tools, suggestions
and assistance to help you make sense of today's changing real
estate markets." I received my advance copy on CD a few
days ago and can report that these 1,400+ pages contain an abundance
of useful, current, and very readable material suitable for
both beginners and experienced investors. The book includes
a detailed, hot-linked table of contents, so I was easily able
to find the material I was most anxious to read, and could jump
directly to it.
The book is available on CD for $99 or via download for $79.
You can download
two sample chapters at no charge.
Networking -- Do You Twitter?
A couple of years ago, a woman who worked on marketing for
RealData told me that social networking was going to be the
Next Big Thing. "Yeah, right," I said. "Next
you'll want me to believe that someday I'll be able to take
pictures and movies with my cell phone."
We got a late start, but now we're true believers in blogging
and social networks like LinkedIn.
The platform with truly exponential growth, as you've probably
heard, is the micro-blogging site Twitter.
If, like me, you are old enough to have once had a collection
of vinyl records, then the usefulness of Twitter for business
is not immediately obvious. I'm not going to argue with results,
however. In just a few weeks I've made some valuable business
connections, benefited from information and resources I learned
about in other folks' "tweets," and even garnered
a bit of good PR.
I got started with Twitter after reading Guy
Kawasaki's article. Perhaps even better is David Pogue's
article in the NY Times, "Twitter
for Beginners," which also links to an earlier piece
he wrote. If you want to fast-track your Twitter education,
take a look at these "Top
20 Twitter Posts of 2008."
If you get more into this, you'll find that there are plenty
of free tools available to help, like TweetDeck.
I would be happy to have you follow me on Twitter -- I'm @fgallinelli
-- or you can join me on LinkedIn.
Journal Cites Frank Gallinelli's Latest Book
I was pleased to see that Commercial
Investment Real Estate, the magazine of the CCIM
Institute, featured my latest book, Mastering
Real Estate Investment, in their May/June 2009 issue
Buyers Guide (p. 45). The piece is entitled "Beyond
the Basics," and I think they were right on the money,
so to speak, when they said that I was "Responding to a
call from readers for less theory and more practice..."
Thank you, CCIM.
Last winter we told you about an online community for real
estate investors, called BiggerPockets.
We don't usually revisit our previous recommendations, but BiggerPockets
has been adding what we believe are important new features,
and becoming an even more valuable asset for investors.
Their membership continues to grow, up now to more than 33,000.
As we reported last time, the forums are the heart of this community.
By my count the forums are divided into a dozen categories (e.g.,
Real Estate Basics, Real Estate Professionals, Real Estate Marketplace,
Landlord/Tenant), with each category subdivided into several
specialties (e.g., Private & Conventional Lending, Wholesaling,
Rehabbing) so you can zero in on exactly the right place to
ask your question. The two features that make these forums so
worthwhile are that other members are very willing to respond
to your questions; and the moderators have virtually zero-tolerance
BiggerPockets now allows users to build their own blogs on
the site. If you have your own website, this can be a great
SEO builder; and even if you already have a blog on your site,
having another here means exposure to a very large and rapidly
growing real estate audience.
The site also maintains a library of user-submitted articles,
on topics such as marketing, property management, and 1031 exchange.
The articles are screened by moderators, and promotional material
is prohibited. Readers can respond directly to the authors.
BiggerPockets now hosts groups where people with common interests
can connect and network. If you're a multi-unit apartment landlord,
or a Connecticut investor, there's a group for you. This is
also a great venue for local real estate clubs to increase their
visibility and recruit new members.
The more I dig, the more I find: Members can post events and
invite others to join up. There is a "bulletins" social
news area where members can share interesting news articles,
blogs, and other quality content. Although the site is primarily
a place for personal networking, users can now create a company
profile and link their personal identity to it.
I've been spending more and more time on this site, and finding
new opportunities all the time -- and no, they're not paying
me to say any of this. If you're an investor, I can't see any
reason you wouldn't want to be a part of this community. If
you want to get right on it, you can join
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