Many readers of this blog may not be able to use either seller financing or investor financing to buy houses because of lack of investors or sellers who would be willing to provide financing. But, by using Options, they can buy, sell, and hold houses without the cooperation of either investors or sellers. In virtually every market, Options can be used to create very high yields primarily because...
Continue reading “Options! The Best Real Estate Investor Tool”
Do you wonder why so many ordinary people are able to achieve WEALTH and can retire early? And do you wonder why so many RICH people seem to work harder and harder but never achieve financial independence and security? Keep reading for the answers...
How can one generate a comfortable tax-free income in a short time which will enable one to achieve full financial freedom?
Let me tell you about one of the most successful real estate wheeler/dealers I ever met. He bought over 550 houses in a single year by finding people who were relocating. He sought out those who had homes with loans equal to approximately 60% of value. He also tried to locate owners of free and clear building lots of equivalent equity value. He would offer the home owner one of the lots free and clear in return for the owner's equity. And he'd offer the lot owner a 2nd mortgage at low interest rates and low payments in return for the lot.
A lender's fantasy is to have thousands of borrowers, up to their ears in debt, who transfer a major portion of their earnings to him each month in the form of interest and charges. On the other hand, this scenario can be a borrower's worst nightmare. Indiscriminate use of credit has brought even the biggest real estate moguls low. Between them, Bill Zeckendorf, Donald Trump, and Bill Levitt lost $billions because of debt. Using credit can become a habit that's very hard to kick.
Continue reading “Avoiding Credit Traps, Tricks, And Travesties”
Borrowing at zero interest rates from motivated sellers, then paying off the loan with monthly payments can work miracles in terms of rapid loan amortization when dealing with free and clear properties. Unfortunately, most of the time, the houses you buy will already have existing loans on them. As a result, even with zero interest rate seller financing, the buyer will wind up with a blended interest rate which will combine the original interest rate with the zero interest rate to create an average weighted according to the respective loan values.
Just before I went to dinner with friends, I set up hosting on my server for 3 new web sites. I sent the information to one of my virtual assistants in Brazil along with instructions to build 3 new web sites. Three hours later I returned and one of the sites is already finished. I’m paying $50 per site for a 6 page web site which is search engine friendly and fully optimized. Within 2-3 days each site will be ranked #1 for its keywords.
Continue reading “Top 10 Projects You Can Outsource To Your Virtual Assistant”
Peter Fortunato was my guest speaker for the Tuesday night conference call. I have to say, it was one of the best calls we have had!
Peter discussed
• Why real estate investing is very alive and well – despite hedge funds.
• What to say to get motivated sellers leads from people you don’t even know
• How to get sellers to agree to seller finance with great terms
• How you can pay retail and still get great cash flow
• Why you can make better deals with caring than you can with dollarsContinue reading “Audio: Real Estate Investing Is Alive And Well”
You’ve probably seen the emails from young hot shot gurus claiming that real estate is DEAD because hedge funds are buying up foreclosure and bank owned properties.They’ll try to convince you that the only solution is to buy their “turn-key” rental properties (usually at inflated prices with little cash flow because their management fees are so high). They will tell you to not even waste your time trying to find good deals ... just buy from their “secret sources” instead.
DON'T FALL FOR THEIR SCARE TACTICS! You're smarter than that! Real estate investing is ALIVE and WELL! Here’s why…
Continue reading “Don’t Fall For Their Real Estate Investor Scare Tactics”
What makes a property hard to sell? It can be ugly, dirty, shabby, low qualify or non-conforming construction, be functionally obsolescent or have an inconvenient floor plan, it may be on a poor or remote site, have EPA problems, deferred maintenance, indifferent or dishonest management, be encumbered with unattractive financing which incorporates short term balloon payments, high interest rates, reverse amortization; or it may be "red lined" so no new financing may be obtained.
