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.
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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”
I have a chance to buy a great house at a low price and on excellent terms. The only fly in the ointment is the deteriorating neighborhood it is located in. Should I go ahead and take this bargain, or wait for something else?
Continue reading “Should You Buy In A Run Down Neighborhood?”
There's an art to creative dealmaking. Anyone can learn the craft. The Art of the Deal home study course, like all of Jack Miller's training materials, is filled with creative ideas to put deals together and make money with real estate. The more you read about and study creative deal making, the more you will learn how to do the same. See an example with the Equity Stretcher story....
I’ve wholesaled many hundreds of properties and developed many ways to find the best deals which I could get for the absolute lowest prices with minimal marketing expense. Following are my top 5 ways to find super cheap wholesale deals.
Continue reading “5 Best Sources For Super Cheap Wholesale Deals”
