Many self-acclaimed real estate gurus state that everyone should quit their jobs and immediately jump into real estate investing full time. They often claim incredible results from students with little experience.
Read MoreClearly there are benefits for both the buyer and the seller when a flexible seller is willing to provide owner financing to you as the buyer of their property. Let us take a look at a few examples:
Read MoreThis is my personal favorite. The great thing about wholesaling real estate is that you don’t take ownership of that property. Once you have the property under contract, you assign the contract to another buyer who will close on the property in your place. There is no risk, and you can do it with little or no money down!
Read MoreIt surprises many beginning real estate investors when I recommend they get started investing without using their own money. They find it hard to believe that sometimes having money can be detrimental to learning to be the best real estate investor you can be.
Read MoreI’ve been in the business for little over eight years, and I’ve done almost 850 transactions. I’m very, very assertive. My specialty is communication–talking to homeowners and talking to banks.
Read MoreYou know, it’s utter nonsense to submit offers to sellers and just hoping they’ll accept. Sure, I used to do that; and I’d sit there by the mailbox with my fingers crossed, praying the mailman had more than bills and junk mail for me today. And every now and then one of those offers would show up all signed off and I’d be the happiest knucklehead on the block.
Read MoreZillions of “newbie” investors are jumping on the bandwagon trying to make a profit after losing big in the stock market. I meet them all the time, and many are making big mistakes!
Read MoreLet’s talk for a minute or two about problem properties. In terms of working a playing field that isn’t level, this is a prime example. Making money in real estate is hard work, no matter what your plan of attack. And believe me, in my 20+ years, I’ve tried them all.
Read MoreIt stuns us how many investors say, “I can’t find any good deals.” Folks, you’re not looking! We think that many new investors (who watch too much late-night TV) are under the impression that if they decide to become investors, the “investor fairy” will drop deals out of the sky.
Read MoreIt surprises many beginning real estate investors when I recommend they get started investing without using their own money. They find it hard to believe that sometimes having money can be detrimental to learning to be the best real estate investor you can be.
Read MoreThis is my personal favorite. The great thing about wholesaling real estate is that you don’t take ownership of that property. Once you have the property under contract, you assign the contract to another buyer who will close on the property in your place. There is no risk, and you can do it with little or no money down!
Read MoreMistake #1 They take TOO Long. Good deals don’t wait around for indecisive people. Many people “think a deal to death.” One way to lower your anxiety level with a deal is to move forward provisionally (i.e. with a clause of some sort.)
Read MoreYou know, it’s utter nonsense to submit offers to sellers and just hoping they’ll accept. Sure, I used to do that; and I’d sit there by the mailbox with my fingers crossed, praying the mailman had more than bills and junk mail for me today. And every now and then one of those offers would show up all signed off and I’d be the happiest knucklehead on the block.
Read MoreLet’s talk for a minute or two about problem properties. In terms of working a playing field that isn’t level, this is a prime example. Making money in real estate is hard work, no matter what your plan of attack. And believe me, in my 20+ years, I’ve tried them all.
Read MoreHaving a firm grasp on language patterns will help you close more deals. In addition to using embedded commands (word groups that order you to do something), you must incorporate assumptive language patterns into your vocabulary. Assumptive language patterns assume the outcome of what you are asking.
Read MoreI’ve been in the business for little over eight years, and I’ve done almost 850 transactions. I’m very, very assertive. My specialty is communication–talking to homeowners and talking to banks.
Read MoreBeing a real estate investor means protecting yourself from potential scams. Just because someone holds a professional license of some kind doesn’t mean that he is honest. You can probably order one of these licenses over the Internet. We know that it can be scary getting started in this business. We were new once too.
Read MoreIn a previous article, I shared the first five of the techniques I teach Realtors to help them see the potential when it comes to seller financing. [Real Estate Paper: Your Most Valuable Tool].
Read MoreAs I travel around the country giving seminars and training classes on Rehab 101, I often am asked if I have a favorite home repair technique. The first thing that comes to mind is Bondo. Yes, the same Bondo body filler that mechanics use to repair dents on wrecked cars.
Read MoreAfter searching the market for the perfect piece of real estate, you have found property that will satisfy your needs and give you future opportunities. It is now time to be concerned about protecting yourself from the risks involved in property ownership.
Read More[In IRS Definitions for “Real Estate Investors” (Part One), Diane defined real estate dealer status and real estate professional status and the related tax planning. In Part Two, she’ll discuss real estate developer status and related tax issues.]
Read MoreIt amazes me how many people start investing in real estate, only to fail when the going gets tough. As soon as people discover they can’t get rich in a week or two, they are on to the next “guru” secret. It’s the same as weight loss–everyone talks about it, many try it, but few succeed.
Read MoreYou can make a profit from the deals you find, even when the deals aren’t a fit for your real estate business. Here are five tips to make sure you get paid for your time.
Read MoreAs a real estate agent and broker for 20 years, I’ve found my knowledge and use of notes to be my most valuable tool. I did the tenants and toilets game for what seems like 100 years. I sort of backed my way into paper investment. I learned to use real estate notes in my investing, and mortgage buyers became a valuable resource.
Read More[Editor’s note: The real estate short sale can be a useful and very powerful technique for turning “no equity” deals into big profits. In a short sale, you negotiate with the bank holding the mortgage and get it to accept *less* than what the seller owes.]
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