This may seem a little off-topic from real estate investing but this is a topic which has or will make an impact on everyone driving a car. If it hasn’t bothered you, it will and usually by getting a letter from your municipality stating that your auto, for which you are responsible, was involved in running a red light.

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Today the “Bubble Head” reared its ugly head again. Bubble Head – a person who becomes foolish or empty-headed because of an inflated ego. In real estate investing, the Bubble Head is a vendor whose ego gets so inflated, because of the business you sent him that he gets so busy he actually gets arrogant with your referred clients. He can also be a vendor who just thinks he had it all together and acts like a jerk from the start.

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Every mentoring class I get at least one or two students who start doing deals very quickly and at a high volume, often one or two deals a week. I didn’t initially tell them about a strategy that makes a huge difference between average success and meteoric success because the outstanding students figure it out for themselves.

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If the title of this article sounds a little harsh, it’s not and every homeowner and investor faces this problem more often than you know. If you buy a stolen car where the vehicle identification numbers (VIN) have been carefully fixed and the seller has a new title to the car, you wouldn’t know any better. That’s until you were pulled over and the officer checked and found you were driving a stolen vehicle. You will likely lose your money and certainly your car.

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Most investors are familiar with what a lien is against a property. The most common liens are mortgages, equity lines,  code liens and open permits for work not completed but originally permitted. More and more municipalities are using Super Priority Liens to make sure that investors take care of problems that exist in their properties.

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I received a call from a student who asked if I would put in an offer on a short
sale she was attempting. I said “yes” and checked to see what the comparables
were in the area. This short sale and the offer I made were in January of this
year. This property would have sold in the low $400k’s just five years ago. It is
located in a very nice neighborhood and I went out to see it to check out its
condition.

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