There's some confusion about how Options and Highest Bidder Sales work together. I hope this article will clear up some of the misconceptions.
Normally when I do a Highest Bidder Sale, I just have an option on the property. But sometimes, if it's a really great deal, I will buy the house before I do a Highest Bidder Sale. When you do a Highest Bidder Sale, you sometimes need to make quick decisions to make changes to the house to help it sell for more.
Some real estate investors I know are working just as hard, or harder, today than they were 15 or 20 years ago when I first met them. It does not need to be that way! Learn how to work less but still make more money...
Most of the profit created buying and selling single family houses is made at point of purchase, yet, amazingly, serious investors still leave the delicate task of the final stages of negotiation of a purchase, up to brokers and attorneys. That's a big mistake!
The 2015 CashFlowDepot Convention is all about teaching you ways you can make more CASH and more CASH FLOW from every deal you do… and make that money faster! A Highest Bidder Sale is a good way to do BOTH. Sometimes you sell houses to the person who will pay the highest price (you get a lot of cash). Sometimes you sell houses with seller financing so you get paid a down payment AND cash flow (you get the cash from the down payment plus monthly cash flow.
In the 21 years that I’ve been investing in real estate and running businesses I can honestly say that the one thing that has helped me be more successful is to travel. It could be a drive to a different town a few hours away; but when I really need to get recharged I get on a plane to go someplace completely out of my element.
Today we’ve never had it so good, yet many readers seem worried about: (1) When the “housing bubble” will burst, (2) what will happen to retirement plans when employers file for bankruptcy, and (3)law suits. In this month’s newsletter I’ll try to put these threats into perspective and suggest ways in which to deal with them.
For me, the single most important thing I can discover is the real motive for selling or buying. Sometimes sellers, when asked what they want to achieve, act like kids in a candy shop who want some of everything. Anytime I perceive that the most important motivation for sellers is to make a profit, I usually refer them off to a Broker or another investor and try to glob on to some kind of referral fee or a future "favor". There's no point in both buyer and seller scrapping like dogs over the same profit-bone. On the other hand, when I can see that there is a real problem that the seller is willing to sacrifice to solve at the expense of his profit, I will work hand and glove with him or her to find a workable solution.
The expansion of the Panama Canal will result in more jobs, need for more housing and more warehouse space in several cities in the United States. Read this article to learn where the path of progress is...
Last night John K. of Colorado shared details about how he went from 0 houses and $0 cash flow to $10,000 per month cash flow in just a few short years. And he did it all without going to banks and without fixing up houses… in fact, he did it without buying any of the houses! Instead, he used a technique called Master Leasing...