Changes that are going to be bad for a lot of people are going to be good for those who can exploit them. Tight credit promises a cornucopia of opportunity for those who buy foreclosures.
When negotiating for price or terms, there is no incorrect answer. It all depends upon the viewpoint of the people involved. Who's buying? Who's selling? Why? What are their objectives? How much cash must actually be required to make the transaction work for all parties? What are their income levels and tax brackets? What are their ages? How sophisticated are they? What has their previous financial experience been? What are their security needs? How motivated are they? Why?
Want to know the secrets to success? I've been pondering the enigma of why bright, energetic, ambitious people don't become financially successful despite all their efforts. I think I've come up with one answer, although with such a provocative question, there are bound to be others. For simplicity's sake, I've divided people up into different groups.
Continue reading “How Much Money Do You Make While You Sleep?”
When negotiating a purchase, the 'WHY' question precedes What, but when selling, the 'WHAT' issue should come before the 'Why'. You can't scratch an itch until you find it. Because negotiation is essentially a problem solving technique, you've got to understand the motivation of the other party. I have a sort of pecking order for motivation. I place greed at the very bottom in terms of probably negotiating success. What I look for are personal factors.
If you don't provide an acceptable solution, you will not be able to negotiate a deal. But the more thoroughly you understand the problem the more probable that you'll be able to find a solution. The most interesting part of this process is that other buyers can't compete effectively once the seller sees that you're trying to solve his personal problem while acquiring his property.
Continue reading “Negotiating Terms By Offering Solutions To A Seller”
Continue reading “Making Money From Home With Nothing Down And Nothing A Month”
Last time we were trying to solve the riddle of being able to buy houses at today’s prices and rents that would be feasible as long term rental investments that would generate current positive cash flow. I think trading in one house for another is the solution, but it’s almost impossible to find two people who can make a straight property swap.
If you go to foreclosure sales, the sale of many of the houses scheduled for sale is postponed at "beneficiaries’ request". This means that something has happened to make the lender think it is going to be paid off in full. Usually, when a loan is in default for a few months, the loan file is handed off to the "Loss Mitigation Department". When I hear of a lender staffing such a department, it sends a message to me loud and clear that the lender expects to take a loss, and the only question on the table is how much of a loss. I like to negotiate with lenders who have these departments... here's how
If ignorance breeds fear, and fear blocks people from becoming financially successful, using single family houses to help you climb capital mountain is a proven remedy for mediocrity. Millions of people have created nest eggs simply by buying a house using mortgage debt, then paying off the loan over time. Let the record speak for itself; how many people do you know personally whose lifetime savings are represented by their home equity? Today wouldn't be too soon to get started buying.
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Never have I seen a better time to master lease houses. Owners can't sell and buyers can't buy; landlords rule. Now is the time you can become a landlord without taking on a debt or investing a lot of money. Owners who have moved and needed to sell must now lease their mortgaged homes if they hope to avoid foreclosure.
Continue reading “Master Lease: Create Cash Flow Without Capital”
