How Can I Use Creative Financing?
Types of creative financing: Joint venture partnerships Private lending Seller financing Home equity line of credit Hard money loan Lease option Deferred mortgage payments An unsecured line of credit Land contract Blanket/wrap mortgage Self-directed funds Balloon payment Contracts for deeds Syndicate mortgage Interest-only payment Credit cards Are there more? Of course! These are some of […]
Leverage! For Shark Tank Returns
“Give me a place to stand and a lever long enough, and I will move the world.” ~Archimedes Did you realize, people are acquiring no money down properties every day? Do you know anyone else who acquired properties this way? Many world-famous international investors and mutual fund companies accumulate funds and develop properties with those […]
How to “Find the Deal” Within a Pre-Foreclosure Situation
In a pre-foreclosure situation, if you buy the house directly from the homeowner, there are typically two scenarios. The property either has equity or little to no equity. If the property has little to no equity or if more is owed on the property than it’s worth, a short sale would need to be negotiated. […]
Deciphering the Foreclosures Process
Working with foreclosures can be a great investment strategy. One of the reasons is that there are usually foreclosures regularly regardless of the situation or reason. This provides us with a steady stream of investment opportunities. Someone is often falling behind on their mortgage for one reason or another. When a homeowner doesn’t pay their […]
Inspecting Your Rehab Property and Making Sure Everything is on Point
Punch List & Preparing to Sell (or Rent) When your contractor says, “the work is finished,” the project is not yet complete! Instead, that statement means it is time for you to thoroughly inspect all work done by your contractor and compare it to your agreed Detailed Scope of Work. This is a critical step […]
Keeping Your Rehab on Budget: Organize and Communicate
Managing Your Rehab Projection Whether you manage the team and rehab project independently or use a General Contractor, ORGANIZATION & COMMUNICATION ARE KEY. The more organized you are, the faster you can respond to questions and situations that may surface with your team, contractors, financiers, or local government. In addition, having organized systems and processes […]
SMART Rehab is Knowing What Paperwork You Need to Protect Yourself!
Completing Critical Paperwork Finding a contractor to work on your rehab investment property is an important first step. Once you have found the right contractor, you must use these six (6) Critical Documents to ensure you have the legal protection you need if something goes wrong with your rehab project. These documents are for both your […]
One of my best decisions ever!
Today I had a notification on social media appear. It said “share your memory from 9 years ago” along with a picture of a For Sale By Owner sign featuring Rent To Own. This social media reminder made me think back the properties I have bought and sold, the realtors, negotiations, the classes, financing, mortgage […]
How to manage paper and be organized!
As real estate investors you may at some point be overwhelmed with paperwork. Mortgage documents, leases, inspections, plenty of receipts for expenses, etc. can be a growing pile on your desk if not dealt with properly. We often get asked how to stay organized and efficient, allowing you to stay organized and reduce your stress […]
How to control property without owning it
A Wholesale Business is a strategy that every investor should know. Wholesale offers almost anyone the opportunity to participate in property investing with minimal resources. While other real estate investing strategies typically require a minimum credit score, a down payment, verifiable income, and some property repairs, Wholesale does not. Wholesale also offers the opportunity for […]
Finding Purpose & Profit in Real Estate
I first took the leap into becoming a Real Estate Investor when I found myself attending a 3-Day seminar taught by Pip Stehlik. During his teachings, I recalled over the years how I attended past real estate seminars where I would buy packages, yet never take any action towards. I often wondered why I never […]
Who Do You Take Investing Advice From?
Do you ever notice that so many people talk about real estate investing? Many people love to talk about investing in property although finding good deals, developing a team, creating a system, having some success and ultimately financial freedom all seems like very challenging tasks. Do you ever notice that so many people have an […]
Breaking Down a Market
Have you ever attempted to break down a market for real estate investing? I will offer some methods and criteria that could help you determine if a market meets your desired goals. Perhaps you are still developing your criteria and looking for a place to start. A criteria for evaluating and comparing markets can be a complex task […]