Rules of Short Sales

- - Flipping

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So what are the advantages of short sales? There’s been a lot of negative press about short sales because yes, they have certainly changed their guidelines and short sales have become a lot more cumbersome from the standpoint of buying and investing in them. Here’s some of my rules for short sales.

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In Real Estate Investing: Simple is Best (at first)

- - Getting Started

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We’ve all heard or read the proverbial acronym K.I.S.S. “Keep It Simple Stupid” (or, “Keep It Super Simple” for those of delicate disposition). Working and investing in Real Estate holds the designation of being two things:

  1. A pursuit where you can all too easily get in over your head (keeping it simple helps to avoid that) and
  2. A pursuit where creative thinking and unconventional strategies (NOT keeping it simple) can payoff big time!

So exists a dichotomy between keeping your deals simple and creatively complicating your deals for maximum returns.

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Methods of Acquiring Foreclosure Properties

- - Getting Started

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In general, there are four basic ways to acquire foreclosures at discounted prices.

All but one of them permits the buyer to employ the assistance of qualified sources for information on the property (such as a title and/or escrow company, and making inspections of the property’s condition). Unfortunately, the most popular technique (buying properties at trustee’s sale or foreclosure auction) does not allow this luxury. The purchasing process at the trustee’s sale requires each buyer to make his own thorough investigation of both title and debt on the chosen property within a limited time.

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What Are the Four Common Reasons Real Estate Investors Fail?

- - Wealth

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Number One: Concentration on a Technique (Lease Option, Subject To, Foreclosure, etc.) Rather Than on Property

Successful real estate investors concentrate on the property itself, rather than on a specific technique. This not only allows the investor to concentrate directly on where the most profitability resides, but also opens a much wider array of potential “deals” for the investor to consider. Nothing drives me crazier than when I am out at events and I am meeting with a client and I say, “What do you do?” And they say, “I am a wholesaler.” Great, understand that wholesale is simply an entry strategy to real estate. It is also an exit strategy to real estate, but if you don’t come into the deal properly you are not going to be able to exit the deal properly. Wholesaling is just one method of going out and consummating a transaction, but wholesaling is only possible if you have a viable deal. I see too many investors putting their focus on the technique or the strategy and not enough focus on the actual deal.

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More About Writing Offers | Contingencies

- - Getting Started

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Let’s get into writing offers. What is the offer really? Your offer is simply the first step toward negotiating a sales contract for the seller. It’s the beginning of a communication. That’s all it is. The offer includes the following: contingencies, finance terms, earnest money or deposit, who pays what fees, seller assistance. If you’re going to ask the seller to throw in some concessions for you to help pay some of your closing costs, those need to be in there. Also, what fixtures appliances are included in the purchase, what things are considered attached in the property, what things are considered unattached to the property, as well as the closing date and the transfer of possession.

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Offer Structuring Options: Subject – To | Video Included

- - Getting Started
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Subject-To is another strategy that I really enjoy. The subject-to method is great way to finance a real estate investment quickly. The name “subject-to” comes from the phrase subject to existing financing. This means that you buy the property on the condition that the existing financing stays in place. The title of the property will indeed be transferred, but the loan will stay in the seller’s name and the buyer will make the payments.

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What is a Private Money Broker?

- - Personal Growth

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I am so happy to introduce you to my Private Money Broker Certification course. I know there are a number of options out there, but to help you choose, I want to highlight the basics of our course, and the reasons why it’s unlike other programs. The following information will give you a general overview of our course- benefits, topics, next steps, etc. As to the differentiators, while there are many, the biggest has to do with our private money company Cogo Capital offering you wholesale pricing on all your deals.

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How to Make Sure My Deal Gets Funded

- - Getting Started

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What are the Steps to follow to ensure that my deal gets funded?

While conventional lenders have no imagination and can’t see what you see, Private Money lenders are all about creativity and know that sometimes the uglier the house, the better the return will be! Having a Private Lender in your court gives you confidence to put properties under contract. As long as you find the no-brainer, steal of a deal, do the proper due-diligence, and turn in a completed package to your private money lender, you can be rest-assured that the deal will fund.

Everything is more simple when you have a process that you can follow. Today, I will unlock some of the secrets that all successful real estate investors incorporate into their process.

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2 Ways to get 100% Financing

- - Getting Started

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People always want to know how they can enter into the real estate investment business with little to no money, but lack a fundamental understanding of the tricks that can be used to minimize expense. Below are two tips straight out of my free whitepaper “How To Achieve 100% Financing”

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