I have created a time machine. Just think back to the remember when you could buy a house for $6,500, hold on to it for a few years, and sell it for $30,000. If I could do that now, I’d buy ten. Well I’m here to tell you. You can. I just did. The city was Baltimore, but the location can be anywhere with inner-city decay: Board ups, drugs, high crime, etc.–exactly the place everyone expects to find a fortune.
Read MoreOne of the best ideas that I have used when trying to get a lease purchase deal closed uses an alternative type of option consideration/earnest money deposit. If the seller is okay with the idea of a lease option or lease purchase but thinks my consideration a little too low, I simply ask him how much exactly he needs.
Read MoreI found a single-family home appraised at $149,000. The seller had $62,000 in equity. I offered $105,000 all cash, which was accepted. I found a partner to front the $105,000. Refinanced the property at 80% of market value for $119,200.
Read MoreImagine mailing 3000 real estate marketing pieces, targeted to ideal neighborhoods, for only $900! This article will show you how to mail a three-page sales letter to sellers for only 30 cents each. That’s for everything including postage, list, labor, and printing. By getting only a .3% to .5% response, you’d get 9 to 15 sellers calling you from your mailing. And if you know how to buy houses creatively, that means one or two deals.
Read MoreWhen you are pricing your properties, it is important to balance your desire to make the most money possible and your need to keep a low workload.
Read MoreIf you are buying on a lease option, how do you protect yourself from the buyer backing out of the deal down the road? There are three ways for you to lock in your position:
Read MoreThe quirky practice in grading mobile home parks with a “star” rating (usually one to five stars) exists for no other type of commercial real estate.
Read MoreAnyone investing in real estate foreclosures and distressed properties has come across one major problem–finding deals with equity! There are so many foreclosures out there. Unfortunately, most of the homeowners owe what their property is worth.
Read MoreMost of the time, as real estate investors, we are buy on lease option for a property’s cash flow, appreciation potential, or time to get our financing in place. What happens when one of our tenants wants us to option a property to sell to them?
Read MoreMany investors are generally familiar with the concepts lease option and contract for deed (aka “installment land contract”). Many investors confuse the two, and this article will help you understand the tax, legal, and practical issues between them.
Read MoreOne of the common complaints investors across the country share with me is that they talk with a seller who sounds motivated on the phone but turns out to be a dud when they go meet with this seller.
Read MoreWelcome to the year of confusion. A whole different marketplace from last year, isn’t it? As real estate investors, there are many issues to consider before we really develop our business this year.
Read MoreI recently spoke about marketing at a national convention for real estate investors and brokers. I ended up spending a lot of time after my presentation with people who had marketing pieces that needed critiquing.
Read MorePeople are always seeking a way to finance 100% of income property. It’s fueled by the late-night infomercials touting no money down deals.
Read MoreOne question I get asked all the time: Is it better to buy on a lease option or to buy subject to the existing financing? Before I give my answer, let’s get clear on what the two buying strategies are.
Read MoreI get many calls asking for help understanding how to use a financial calculator, especially figuring yields on mobile home deals. I hope this clears up some of the confusion you may have and to help you structure better, more profitable deals.
Read MoreMoney in an IRA (and other retirement plans) is a great source of real estate investment funds. In fact, most people don’t even know they can use their IRA money to invest in real estate, mortgages, and trust deeds. And, once they stash it away, many folks forget they even have money in a retirement account.
Read MoreDwan Bent-Twyford is a distinguished author, motivating national speaker, and incredible teacher. Her niche is finding foreclosures with no equity, negotiating with the banks to accept less than what is owed, thus creating a “short sale.” As a result, Dwan has developed several hugely successful systems that have earned her students hundreds of thousands of dollars. Her goal is simple, to teach you how to become a super investor using her own proven techniques, strategies, and concepts.
Read MoreI think investors as a whole have a bad reputation. People think of us as sharks, piranhas, and vultures. They think we thrive on taking advantage of people in distress to better ourselves.
Read MoreHere are five ways to structure deals with owners of free and clear properties:
Read MoreAs a real estate and marketing consultant, the majority of questions I am asked when lecturing or consulting involve marketing: How do you find the deal? How do you find the money? How do you grow the business?
Read MoreI recently talked with a Realtor friend of mine who told me that over 35% of all properties in the United States are owned free and clear with no outstanding mortgages or liens
Read MoreHere is what I tell beginners… First, evaluate how much time you can commit to real estate investing. If your approach is “hit or miss,” your results will be too.
Read MoreRecently, I made a presentation to a group of real estate investors on the subject of landlording. Specifically, how to determine if your marketplace is one for holding real estate, the pros and cons of being your own property manager, as well as creative ways to find good tenants and keep them for the long term.
Read MoreThe Economic Growth and Tax Relief Reconciliation Act of 2001, expands opportunities to make larger investments in IRAs and Keoghs and offers possibilities for your plan not available before.
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