Real Estate Investing Information that Works! since 1995
There’s an old saying: “A verbal contract is as good as the paper it’s written on.” Once you find that elusive motivated seller, you’ll need a document to “tie up” or buy the house using a Purchase Agreement or contract.
Write up EVERYTHING that you and the seller have agreed to verbally. Unless you have it in writing and signed, you have NO agreement at all.
Knowing you have a list of potential buyers makes the job a whole lot easier and gets you cash a whole lot FASTER. It may seem crazy to line up investors even before you even have a house, but believe me, it’s a necessary step!
Think about this for a moment – suppose you find a great deal with a huge profit potential. You know you can get a contract on it. Great. But you can’t make ANY money until you have…
Most investors I interact with want to eliminate the need for bank financing, but the question I am most often asked is Jim, “show me the money.” (This line became very popular after the Jerry McGuire movie.)
Well, the truth is that I do not have a money tree growing in the back yard, so I cannot literally show you the money. I will, however, show you some strategies to help you find your own money and, better yet, start to attract your own money…
As you’re starting, you will be learning different methods of making money as a creative real estate investor.
Wholesaling, also called “house flipping,” is one of those “must know” methods. It probably not be a method that will make you rich, but it is certainly a method that you must know in order to turn certain types of deals into fast cash.
You can expect a profit of $5,000 or more on every flip…
Great news. Real estate is on sale throughout the country. Inventory of distressed housing is way up, and we are experiencing the great real estate wealth transfer of our generation.
What is holding you back?
For most investors today, the answer is the lack of bank financing. That’s why I believe 2012 is the year that you should fire your bank and set yourself free.
Real estate investing mistakes can be costly on so many levels. They can wipe out your potential profit and, if you make them big enough, they can wipe you out financially and emotionally.
We all make mistakes. The trick is to keep your mistakes small and to learn from them. It’s even better if you can learn from the mistakes of others.
Here are the top four lethal mistakes that can cut your real estate investing career very short. Avoid these pitfalls…
Have you ever asked yourself the question, “What is the best day to sell a property?”
The fact is, more than 90% of residential real estate is sold through the Multiple Listing Service (MLS). Sometimes it seems that creative real estate investors shun mainstream channels of marketing such as the MLS, but that can be a very big mistake.
The vast majority of retail buyers (people that want to buy to live in the property) are located by listing the property on the MLS…
When it comes to real estate investing, a lot of investors put on the blinders. They scour the landscape for opportunities to purchase residential or commercial property at a steep discount, with the idea that they can revamp the property and make a large return on their investment.
While this is a good strategy, it is difficult for many real estate investors to find investment opportunities that will give them the kind of returns they would like to achieve…
The first step in buying real estate notes, in any market, is to determine the value of the underlying collateral, which is the real estate that secures the note.
Here’s the problem. In today’s rapidly fluctuating real estate market, no one really knows what a property is worth.
And that’s exactly why the lending institutions are so difficult to deal with in this market…
The key to getting great real estate deals is in having a bountiful supply of “motivated sellers.”
I’ve put together this extensive resource for you so you’ll always have plenty of ways to find motivated sellers or, better yet, for motivated sellers to find you.
What You Should Know About Out-of-State Owners
Buying properties from out-of-state owners is…
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