Real estate negotiations do not need to be about the lowest price. People are forever trading off one aspect of a property or transaction for another, depending upon their needs, prior experience, and personal goals. Some of the things they trade off include:
Continue reading “6 Negotiable Benefits Sellers Will Trade Off”
As Boy Dylan sang, 'things, they are a-changing' and we've got to be able to adapt to them. First of all, we've learned that national news headlines don't always affect our local situation. In some regions, real estate is booming. In others, it's depressed. In some areas, state and local tax policy is aimed squarely at real estate profits and values. In other states, real estate has privileged status. We know now that the selection of the political and economic environment in which we invest in real estate can make a big difference in how much money we make.
Learn creative ways that you can use other people's credit to acquire more real estate. You do not need to borrow money from banks to buy houses.
OPM -- Other People's Money -- is the magical ingredient that builds fortunes out of dreams! The mistake most people make is to equate OPM with Debt. That represents a failure of the imagination. OPM can take on many forms. It can be EQUITY in the deal. It can be an Option. It can be a Management Contract. It can be Partnership Interests or Stock. It can be Inventory or personal property, or even toys.
Continue reading “Understanding Where O.P.M. Is, And Who’s Got It”
Forbes article discusses the best cities for investing in 2015 and what the best indicators are for picking a winning area. The article talks about why buy and hold is a good strategy now.
There are many ways to buy houses without going to the bank to get financing. Many sellers will be glad to get your offer to buy their house subject to the mortgage or with seller financing... you just need to ASK! See this example to learn how to get $1000 per month in cash flow with a $40,000 pay day later.
There's little difference in finding Lease and/or Option opportunities and in finding properties to buy. I prefer to 'cold canvass' neighborhoods on foot and through flyers delivered door to door. Most other people mine the newspaper advertisements for hidden gold, court house records and 'bird dogs' that turn up motivated Sellers. All these sources work with Leases and Options if the Buyer/Lessee/Optionee takes the time to delve into the motivation of the other party. But there are clues all along in the process.
Continue reading “Lease And Option Opportunities Are All Around Us!”
Learn how to do more deals and make much more money with this weekly "TO DO" list. Learn to manage your time wisely. When you're trying to get ahead, every minute of the day is precious.
Continue reading “Managing Your Time To Do More Deals And Make More Money”
Suppose I bet you $25,000 that you can't buy me a house that made sense; either to fix up and sell, or to hold as a rental for long term appreciation and cash flow. How hard would you try to find one? Would you just give up and say it can’t be done, or would you be tempted to try some things you hadn’t done before?
When two unrelated owners wish to join together in the ownership of a property without there being any implied or ostensible partnership, a mortgage is an excellent way to arrange this, and to divide both title interests and profits.
Continue reading “Using Notes And Mortgages To Divide Risks And Profits”
