Many people don’t want to be a landlord because they’ve heard all the horror stories from landlords who had the “tenant from hell”. These are tenants who call all the time and at all hours of the day and night and/or tenants who cause extensive damage to your property and tenants who don’t pay on time so you are constantly chasing rent checks. I had a tenant from hell.. here's what I did.
Instead of listing properties, the astute wheeler dealer can simply buy a short term 3 to 6 month Option to sell a marketable property at a net price to the Seller that's about 80% of market price… assuming this is a property in great condition. If you option a $100,000 house for $80,000, then sell it for $90,000, you will make $10,000. (much more than the real estate listing would net with a commission).
Continue reading “How To Make $50,000 In Five Months Without A Job.. See The Video”
Ownership of real estate confers additional benefits other than use, possession, pride of ownership, tax shelter and leverage. One of the keys to income property is INCOME. Usually, the higher the leverage used to acquire property and to multiply depreciable basis, the lower the cash flow and income from that property. Sometimes a lease on a property can capture income better than fee simple ownership of it. Here's an example:
Continue reading “Lease Strategies Capture Equity And Income . . .”
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”
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”
In a way, an Option is more or less a bet between the Optionor (the person giving the Option) and the Optionee (the person acquiring the Option). In a typical situation, the Buyer pays the Seller for the right to buy a property at a price and under terms for a period which they can agree on.
Absent of personal or financial duress, with a Call Option, the Seller is accepting something of value from the Buyer because he or she feels that the market has peaked and an offer of a higher price during the term of the Option contract is unlikely. Conversely, the Buyer believes that the price will go up over the same period.
Continue reading “Options Can Capture Most Real Estate Benefits!”
When financing dried up and the market slowed, I found myself with an inventory of Options and no money, so I began to combine Options with leases under the terms of which, I had the right to sublease the property until it sold so long as I paid all property expenses and mortgage payments. Bear in mind that I did things differently from most people. Instead of leasing a property and then trying to negotiate an Option, I Optioned a property, then tried to negotiate a lease. This grew as a natural progression to my Options.
There are a lot of different ways to make money with real estate. Some require a cash investment but there are plenty of ways to make money with "no money down" real estate techniques.
Read about Patrick Mangum's first real estate deal to learn one way to make money without money invested and still get a $420 per month cash flow:
Continue reading “Does “No Money Down” Real Estate Investing Really Work?”
In this lesson, you'll learn a creative way to buy real estate without a big down payment or bank financing. Anytime you can find a motivated seller, there is an opportunity to turn their problem property in to cash and/or cash flow for you.
But you need to get training on the art of creative deal structuring. The more ways you learn to buy or sell real estate, the more money you will make
Somewhere along the line I stopped being a real estate agent and started being a principal. As an agent, I’d have had a fiduciary with the homeowner to get the best price and terms. As a principal, I had no such fiduciary and was able to use any skills I might have had to get the lowest price and terms. My fiduciary with the buyer was to deliver the house at my contracted price, which earning $30,000 made me quite happy to do. But when the buyer turned the house down, I could buy it myself and do with it what I wanted.
