Jean Norton’s Real Estate Adventures

(est. 2009)

Welcome to my Blog!

 

Featured on CNN Money, the Wall Street Journal, and awarded 1st Place as the “Best Real Estate Investing Blog” by REIClub.com, Jean shares her experiences in real estate investing. A student since 2009 with the likes of Armando Montelongo, Cliff Gager and then Phill Grove she shares her triumphs and learning’s with you.

 

Recent Blogs

SEC Violators on Facebook?

So many real estate investors, wholesalers and dealmakers unknowingly violate various SEC and other Federally mandated rules. I see these on Facebook quite often. For my real estate friends, be smart.

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2014 Year in Review, 2015 Goals

It’s taken me over 5 years, but I can now officially say I am a successful real estate investor! I’ve learned very valuable lessons, I’ve faced evil schemers, cried for those that lost to them, and learned about my strong points and am still painfully aware of my weak points.

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Why Gurus Recommend Avoiding Condominium Investing Part 1

I really don’t mind Gurus telling people to avoid condominiums. Less competition for me! But they have good reason to steer you in the other direction. If you are aware of the risks, and know the profit potentials, it could be a reasonable opportunity to make some good money.

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Contractors SUCK. Rehabbers are STUPID.

A painful and eye-opening revelation on how we, as rehabbers, set ourselves up for this terrible moment…that moment when you realize the contractor has most of your money and hasn’t delivered the products or services.

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Have you Hit a Brick Wall with Your Real Estate Investing?

Have you Hit a Brick Wall with Your Real Estate Investing?

You aren’t alone. I’ve talked to hundreds of people that just couldn’t make it work; either what you were taught didn’t work for you, you felt you were left to fend for yourself, you talk to people that tell you “it doesn’t work that way”, and all you can do is keep writing those monthly checks to pay off that dang credit card.

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When the Real Estate Deal Goes Bad…with Jinean Florom and Sue Vesel

When the Real Estate Deal Goes Bad…

Special guests, Jinean Florom and Sue Vesel joined me to discuss options on how to handle disputes within real estate parties, especially when the project is certain to experience significant losses. Jinean is an experienced negotiator in these situations, and where not everybody walks away happy, they at least don’t walk away threatening lengthy law suits.

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Top 3 Lessons for the New Real Estate Investor

Sometimes I wonder what I would be doing right now if I hadn't responded to that direct mail piece that said I could be rich like Armando Montelongo (I received other invitations from Rich Dad, Trump Institute and the like, but didn't respond at those times) and was...

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Are the Asset Managers Out of their Minds?

Someone just posted in my Facebook Group that the banks are holding firm on their prices.  This may be true, especially some areas that are seeing significant price increases.  For example, one person I know did a rehab in Hayward, CA (near the Bay Area) and priced it...

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How to Quickly find a Property with HUGE Profit Spreads

I have a couple of videos with tips and tricks on how to find sweet real estate deals but I realize that sometimes people just don't have time to sit and watch a video. So here you go: A quick tutorial with pictures on finding a good deal and verify the comps. In this...

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Why Women make Better Real Estate Investors

There is nothing new about the term "it's the woman that controls the purse strings", but as an active woman real estate investor, there's a lot more involved and a lot of challenges specific to achieving success in this "man's world" of real estate investing. My...

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How to Find Comps without a Realtor using ZipRealty

I recorded a video some time ago on using ZipRealty to find comps but they have since changed their program.  Now it's even harder to find comps and I found the little hidden area where you can find the sold prices for your real estate investment.  You can get a free...

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Real Estate Investing is Like Playing Musical Chairs

Real Estate Investing is Like Playing Musical Chairs...I just hope there will be a chair for me when the music stops. Sometimes I start juggling so many deals that I have a hard time keeping track.  It's so easy to run out of money with earnest money deposits and I'm...

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Real Estate Investing and the "Trust Me" Guy

Several months ago I was "sort of" stuck with a property I really wanted to wholesale to another.  I advertised on Craigslist and other sites, hoping to pass the rehab to another with absolutely NO LUCK!  I got the property at a pretty good price, the comps were...

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What is a "Ponzi Scheme", and Why Should I Care?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation. The Ponzi scheme...

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Eileen moving on…

Eileen Stewart, my former co-shareholder-partner, has been inactive in Low-Tech Ventures, Inc. since approximately January 1, 2011.   She is passionate about horses and the value of their therapeutic relationship value with and recreational benefits for humans.  She...

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The Unthinkable – Who Dropped the Ball?

Who's job is it to make sure the buyer of your rehabbed property actually pays the earnest money deposit? Is it: The buyer's agent? The escrow officer? The listing agent? None of the above? I'm still learning real estate...I've done a couple of handfuls worth of...

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Real Estate Agents for Investors

Have you had a real estate agent that has failed you? I have, and it took me months before I realized it.  Months of researching properties, evaluating the after repair value, sending offers, and then seeing these properties going into pending status.  I finally...

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Why Properties have Fallen out of Escrow

As a student of real estate investing I learn something new with every day and with every transaction.  I've juggled about 6 properties in various stages of rehab and all have had issues where they fell out of escrow.  I'm going to list as many as I can remember:...

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Investors Field Trip-Bakersfield Podcast

VIP Investors Field Trip-Bakersfield Podcast - We had a great turnout for the web-cast on the next VIP Investor Field Trip-Bakersfield. Some of the previous attendees were there to share their stories. This is a must do for any investor interested in investing outside...

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OK, Let’s Talk About Insurance for Investors

Sometimes you don't know what you don't know until it's too late. I never like to shop for insurance, but I do get my typical "Builder's Risk" insurance for my rehabs.  They claim to have a 6 month coverage - certainly I can get each project rehabbed and sold within 6...

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More Lessons Learned – The Swimming Pool from Hell

I've heard that investors should steer away from swimming pools when identifying properties to rehab.  But what about when you invest in an area where pools are commonplace, and necessary? I hate to negatively portray pools...as I had a pool growing up and loved...

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The Seminar Business and the "Hard-Sell Up-Sell"

After attending the Armando Montelongo Bus Tour and supposed Coaching Program in June of 2009 I've shared my learnings with you as I've experienced surprises, challenges and successes my real estate experiences. But my passion and desire to learn didn't stop there....

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VIP Investors Field Trip-Bakersfield Podcast –

We had a great turnout for the web-cast on the next VIP Investor Field Trip-Bakersfield.  Some of the previous attendees were there to share their stories.  This is a must do for any investor interested in investing outside of their back yard, or in Bakersfield.Click...

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VIP Investors Field Trip-Bakersfield HUGE SUCCESS!

A BIG THANK-YOU for all that attended this eye-opening event! Wow, this event went beyond my wildest expectations.  Not only did I have my power team in place for these investors so they could take action today, but we all learned a lot, practiced different investing...

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Buy and Hold in Fort Wayne Indiana?

This is the con-call (audio) portion of today's web-cast about the tremendous opportunity in Fort Wayne, Indiana.  Click the Title to listen online.If you want to hear this in iTunes:   Start iTunes Pull down the advanced menu  Select "subscribe to podcast" Enter...

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Interview with MY BEST REAL ESTATE Buying Agent

Lisa Hoeflich is a California Real Estate Agent that likes to work with investors. Here in this interview she speaks about what to look for when choosing a Real Estate Agent for acquiring deals, and how to achieve the real win/win relationship with them. To listen,...

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My Best Contractor Interview

Brandon Leach is a contractor that likes to work with investors.  Here in this interview he speaks about what to look for in a contractor and how to protect yourself from getting ripped off.  To listen, just click on the title. If you want to hear this in iTunes:...

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Real Estate Guru Karen Hanover Finally Arrested-Original

Oh the tangled web we weave, when we first practice to deceive... The lure of the almighty dollar is very tempting, sometimes so tempting that some people don't recognize legal and ethical boundaries, or somehow feel they are exempt from following the rules.  This is...

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If You Can’t Sell Your House, Think Mortgage Assignment

Lenders are "Stuck on Stupid" If you’ve tried to sell your house for longer than you like, then it’s time to learn about alternate strategies – and I’m NOT talking about lowering your price. The financial world is stuck – stuck on stupid some say – so the old way of...

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Wholesale Light Fixer in Bakersfield

What a find!  ARV $105k, Purchase Price $58k, Rehab estimate from contractor $15k.  Profit projection (using cash $22k!!!!) The wholesale fee is already built into the price - Will disclose to serious buyers. Contact me directly and I'll send you more pics, comps, and...

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Armando Montelongo Bus Tour, One Year Later

website pop up marketing It's been over a year since I took part in an Armando Montelongo bus tour and OMG-They have managed their growing pains very well. I was on the 2nd ever bus tour put on by Armando - there were 2 buses at that time.  We went on a few more bus...

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Our Last Deal was Sent From Heaven

Some call it being in the right place at the right time, others call it God's plan, some call it coincidence.  And frankly I don't care what to call it, but I KNOW it sure feels good when it happens. Nobody is more determined than I am to making this real estate...

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Rosamond Light Fixer Available

Found another GREAT deal in CA.  This one is ideal for cash flow.  Asking $65.5k, contractor bid came in at $10k, Rentometer shows rental rates at $1250/mo.  Not bad cash flow stats.  ARV at $105k.  Available late December. 3024 Richland, Rosamond, CA...

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We’re Expanding!

It may take us a while, but we're not just new at real estate, but we're making sure the whole world has access to our real estate learnings.  Therefore, as required by Technorati, the biggest blog search engine in the world, they've asked that I include this special...

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Research and Due Diligence

I do a lot of research on the internet as part of my due diligence. I've shared some neat tips and tricks with you, such as how to find your own comps, how to find what zip codes are the best for your next rehab investments and more. Not everyone is internet friendly...

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A Reflection on the Last Year in Real Estate

It's been over a year since we embarked on our efforts to secure our financial future in real estate.  We've learned a lot, made some mistakes, made some money, had a lot of fun and enjoyed networking with all of you. Don't worry, this is not goodbye, but an overview...

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Find the Best Flipping Cities by Zip Code

Fellow Real Estate Students, I stumbled upon a really cool feature in RealtyTrac where you can select an area and determine which zip codes offer the best spread between foreclosure sales and retail sales.  This feature isn't easily found - so I created a video of it....

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Montelongo Bus Tour Just Finished-Did You Go?

I love the Armando Montelongo Bus Tours. Pricey, yes, but Eileen and I got our investment back after our first flip. Armando just finished another bus tour and I invite anyone to comment on this blog that was there. How was it? It really bothers me to see people spend...

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How to Find Your Own Comps

I send probably 10 offers a week to my realtor and she hasn't dumped me yet since I can find my own comps using listing book. Several have asked me how I find my own comps - so here's a video. It's not the best quality but it is my first attempt at a video. Enjoy! New...

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Wow-Do You Feel the Shift Too?

Since selling our cute little house in Riverside, we've been making offers right and left. We got some accepted and they fell through for one reason or another, which is very frustrating for us. But right now we have 2 deals accepted in Austin, and still negotiating...

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The Shift is Here

Since selling our cute little house in Riverside, we've been making offers right and left. We got some accepted and they fell through for one reason or another, which is very frustrating for us. But right now we have 2 deals accepted in Austin, and still negotiating...

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Our First Deal Fed a SCAM!

I can't believe that our credentials were used to scam 2 elderly men, ages 77 and 79 out of $60,000. Imagine my surprise , when I got a letter in the mail with a copy of a promissory note in my name, a copy of a "Deed of Trust with Assignments of Rents" on the...

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FINALLY – 90 Day FHA Season Rule Waived

I don't know how many times I've heard this, come to find out the fine print had some restriction, but this time it appears that us normal investors can finally rehab a property and immediately sell to an FHA buyer! Here is the link to the actual ruling: click here...

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I Want Your Story!

Hey all - I've been making offers right and left and not gotten a single nibble.  Nobody likes to hear about nothing, so I need some success stories! Please contact me - I want to interview you for our next podcast.  You can reach me at jean at lowtech-ventures dot...

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We’re off to a New Year – and New Successes!

We are just so excited about the next real estate adventure!  There are so many opportunities to choose from: California, Texas, Arizona, Nevada, and dare I say the F-word? Florida. One of the aspects I really like about the training we had was knowing the freedom to...

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Our First Flip is Over – and Profitable

I am proud to say that Chapter 1 of our real estate flip is now completed. After the emotional ups and downs, the pride and the challenges, we can finally say our little house at 5679 Challen is now in the hands of a California family that never before thought they...

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A Summary of our Flip Experience

You've read the stories.  We've had our share of ups and downs with this experience.  (Oh, BTW, we did finally get our money.)  It was fun, it was frustrating, we had our highs, our lows, and plenty of challenges. 

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Sometimes Closings Take the Longest Time

We knew when we negotiated with the bank to raise the extremely low appraisal estimate that we would risk delaying the closing, but I didn't realize how much! Now, we got a $14k advantage by doing the negotiations, so, the extra time it's taking is worth the wait, but...

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About Cash Flow

Online Product Review - Armando's Cash Flow 2700 After watching the e-course, Cash Flow 2700 by Armando Montelongo, I am struck by the simplicity of the strategies he outlines, yet I understand why some people just don't "get it".When in the midst of a financial...

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