I was just talking with a close friend Robyn Thompson (The Queen of Rehabs) on a conference call last night with a bunch of students. And we got to talking about what kind of properties not to buy in today’s market and something she said made a lot of sense. She said she will not buy a small house right now.

While that makes sense, I had not put a lot of thought into it until last night. I have noticed a few things from buyers that told me that I should only be dealing with larger homes, but I hadn’t spent much time thinking about it. So I probed Robyn a little more about her philosophy towards buying larger homes and here is what we talked about.

First of all, because a lot of people are losing their jobs, they are starting small business and they are usually converting one of their bedrooms into a home office. And then I mention one other trend that I have been noticing. A lot of younger people that are losing their smaller homes to foreclosure and are being forced to move in with their parents or other relatives. And it doesn’t look like this is going to be a short term trend. I have talked to a lot of buyers recently that said that they are looking for a larger home because their sons, daughters and their spouses are moving in with them.

Also with the cost of elderly care and nursing homes, more and more people want to have their elderly parents live with them. There is yet another trend that Robyn Mentioned that I also agreed with and that is mother-in-law apartments are becoming more and more popular as a way to offset the cost of living.

These are just of few of the trends that Robyn and I have been seeing lately, and that is why Robyn is currently only buying 4 or 5 bedroom homes with plenty of space for multifamily and things look like this will last a long time.

What are your thoughts? I want to hear from you and together we all will be able to better prepare ourselves for the future.

Leave your Thoughts in the Comments Section just below this post.

This question is like quicksand to many investors who feel like this new wave of technology has passed them by, and for that matter who can blame them?

But in business it isn’t about blame, it’s about identifying opportunity and seizing it… Figuring out what’s broken and fixing it… Growing, adapting, and recognizing… To those who are up to their knees in sand there is a very simple solution to getting out:

Grab the stick and slowly pull yourself out. In this case I am referring to getting a website and slowly building traffic through education, trial and error, and common sense. Fact of the matter is that you don’t need a full blown website with all sorts of doodads on it. Why? Because all those doodads distract from the main purpose of having a site, if you have all sorts of reports, weather plug-ins, news streams, and pages galore you’re sinking again.

What you want your website to do (fortunately) is very simple.

1. Convince your visitor to take action
2. Get Their Contact Information (to form a lead, either motivated seller or buyer)
3. Advertise your properties/deals

Informing them of the latest Mortgage News Daily updates does not do anything for you except take your visitor to another page, one that isn’t yours! And you’ve lost them. After years and years of testing bells and whistles we’ve come to the conclusion that a lean mean lead generating machine is the way to go.

The key word being LEAN!

Think of things from the motivated seller’s point of view: More...

I often joke with people when they ask me why most people get into real estate. I usually answer them with this statement “Most people get into real estate because they are afraid of technology”. I usually get a lot of laughs when I make that statement, but the real truth is that statement is closer to the truth for most people than you would think.

A lot of people get into real estate because they lost their job or are afraid of losing their job because of a younger more technology friendly work force. The younger investors getting into real estate have no problem embracing technology and have the ability to create and host and maintain their own websites. However, the younger generation makes up a small percentage of real estate investors in today’s market.

While I am not one of the younger generation, I am computer savvy and I have been building, hosting and maintaining my own websites since the mid 90’s. However, most investors don’t know how to create a website, let alone how to host it or even maintain it on a regular basis. I have even talked to a lot of investors who have websites; some of them have even paid thousands of dollars for them, but have no idea how to make changes to them, so they don’t even use them.

With our Free Real Estate Websites, Your Properties will also be displayed at www.RealEstatePromo.com

That is why I set out a couple of years ago to create a very professional, yet extremely easy to use website for real estate investors. And these sites are so good that most people think that they would cost a lot of money, but they don’t. I even realized that there were going to be some people who have no clue how to, or even the desire to learn how to setup a website and maintain it, and then there were the techno wizards who want so much control with their websites that they would literally spend every waking moment working on it. So I created a system to cover both. And the best part is, the less work you want to do with your website, the less it will cost you. And if you are like I have become over the years, Lazy, then you can even get your website for FREE. Get your Free Real Estate Website