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Part I
Say you have a 40-acre mobile home park, two blocks off the Gulf of Mexico in central Florida.
And you have tenants. You have many, many tenants. What you really want is the land the mobiles homes sits on. Do you have any theories of what it takes to close down a mobile home park and ... Views: 1226
Part II
In part one we were working on a deal. We were going over the four important criteria. The first criterion was to have a good low monthly payment. The second was making sure the property you are purchasing is in excellent condition.
Third, you will kind of want people to be moving into ... Views: 849
Part I
Say you are in a small town in the south. In fact, let’s say you are in Arkansas. And in Arkansas they have a lot of pre-foreclosures with small equities, like $3,000.00-$4,000.00 equity. Is there anything there worth fishing?
It depends. This answer may seem vague, but you need ... Views: 818
Part II
In part one we left off deciding whether or not we would drop the agreement for deed.
I would highly encourage you not to drop back to the agreement for deed, land contract or rap mortgage (they call them by a lot of different names). I would tell you that 99% of business, I sell on a ... Views: 996
Part II
As we talked about in part 1, using comps requires a little more than just relying on data. I also talked briefly about the sophistication of the valuation model. The truth is, it just is not that sophisticated. Basically what I am saying is do the comps (just use the more recent comps ... Views: 823
Part I
Kind of along the same line as how to determine the value of the market, you may question the best way to go when using comps. Many people wonder, is real quest the best way to go for that? There are a few who tend to think they are very conservative (and in the seller markets it always ... Views: 880
Say you have a house that a woman wants to sell to you. In fact, let’s say it is your first deal (for all of you first time dealers out there, this one is for you). So the house has two little apartments that have been added to the side. Is this a good deal? This may be the question you ... Views: 878
Part II
In part one you had just purchased your property. You had it titled in your name rather than in your LLC. You were going to bank to get a loan. You also have hired an appraiser to figure out the true worth of the home. Now you need to title it.
Keep this in mind. You can actually ... Views: 868
Did you just purchase your property? Say you just bought a property and it wasn't through anyone person in particular, it was just on the regular market. It was with a builder who was offering a whole lot of discounts to move the property before the end of the year in a new development. Your ... Views: 761
This is something that many people are unsure of... There may not be a lot of information out there on how to get a good market value on things. Say your area has been a really fiery hot market for a couple of years with property values going up in the double digits. Say you have just started in ... Views: 1004
If you get nothing else from this article, remember this, you need to understand the direction and speed of a market before you invest in real estate.
What I mean by the speed and direction of a marketplace is what is the current relationship between the supply and demand for real estate? Is ... Views: 894
What do you want to know?
Maybe you have a few questions about how to know the difference between what is retail now and what will be retail in six months. Say you are in a market where progress is going to explode! In fact, it is going to happen very rapidly!
Say you also have a couple of ... Views: 848
Are you not feeling confident about your approach? Are not feeling confident about your interactions? What is the best way to approach? Say you have been going on the Internet and getting foreclosure lists and sending postcards. Let’s take it a step further-say you have even been putting ... Views: 859
This book review is part of a series that covers the topic of Investing. For many people, financial success is an important part of self improvement. An understanding of investing will help in your journey to financial success. Alexander Green is the Official Guide to Investing. Investment ... Views: 778
Investment or investing is a term with several closely-related meanings in business management, finance and economics, related to saving or deferring consumption. An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. ... Views: 844
Part VI
In part I, we talked about our situation. Excess homes-not enough buyers. We left off in part one talking about what you needed to do. Part II gave us strategies and identified the problem of your processes. We talked about the potential gimmicks and strategies for selling your homes. ... Views: 1199
Part V
In part I, we talked about our situation. It boiled down to this-excess home, no buyers. And to top it off the market is flooded with excess homes. We left off in part one talking about what you needed to do. Part II talked about your strategies and identifying the problem of your ... Views: 863
Part IV
In part I, we talked about our situation. It boiled down to this-excess home, no buyers. And to top it off the market is flooded with excess homes. We left off in part one talking about what you needed to do. Part II talked about your strategies and identifying the problem of your ... Views: 802
In life, nobody is perfect and mistakes are inevitable. Like life, no trader is perfect and mistakes can happen. When they do, they can be expensive. If you’ve been in the game for some time, there’s no doubt had your shares of mistakes and in hindsight many of them could have been ... Views: 630
Part III
In part I, we talked about our situation. It boiled down to having excess homes and not enough buyers. Part one focused on talking about what you needed to do. Part II talked about your strategies and identifying the problem of your processes. We talked about gimmicks and strategies ... Views: 866
Part II
In part I, we talked about our situation. It boiled down to this-excess home, no buyers. And to top it off the market is flooded with excess homes. We left off in part one talking about what you need to do. The biggest thing you might find yourself needing is cash flow. Now you may get ... Views: 873
Part I
Now I’d like to talk about a situation that you (hopefully) will not find yourself in. It may be important to talk about it. Say you have a few homes that have been for sale for quite some time. For the sake of argument, let’s say you have six houses. You have a market that ... Views: 868
The stock market seems to be a scary place today. In 2007 it seemed so easy with most stocks rising steadily with some going from strength to strength.
Borrowing money and then investing the money (with no guarantee of capital growth) seems to be a option only for the brave. However with ... Views: 1404
I remember it like it was yesterday. Real Estate, gold, silver, foreign markets…all were changing. Conditions were prime to make a lot of money. Even a small amount of money could turn into fortunes if invested properly.
There was only one problem…I had NO money!
Yes, I saw the ... Views: 2409
Here’s a scenario for you. Say you have an option on a house for sale and it is out of state. It has been on the market (off and on) for over five years. The house is vacant as the owner lives out of state. What do you do?
The answer to your problem is to auction it. Many people have been ... Views: 807
Where is the best place to find people who need or want to sell their homes? Now this is a good question. This is also a loaded question. Yes, you may be talking about the best place to find people who want or need to sell their homes, but we may also be talking about the best technique in which ... Views: 814
Have you heard of agreement for deed but you’re not really sure if this would apply to you?
Not really sure of how it would work for you?
Let’s say you have a mobile home that you took subject to for $21,500.00 and you got it priced at $39,900.00. The property also sits on about ... Views: 877
There can be no doubt that for investors 2008 has had a very bad start. For some it has been a nervous time and for others it has been a disaster. Values have fallen and if you have borrowed money to finance your shares you are probably feeling some anxiety.
From my research there are few ... Views: 1232
Using autoresponder programs to grow your list is one of the most important things you should do to expand your business and your bank account. However, you need the right autoresponder software but you also need to understand what should and shouldn’t be included in your email messages to your ... Views: 820
Say you have an arm of 4.25 with a loan balance of $178,000.00 that you can take as subject-to on that and you are getting the asking price of $325,000.00 for this house. What are you figuring the loan to value ratio for? Now you may be doing this for a private lender because you need the ... Views: 824
Years ago, people kept their money in one location-usually under their mattress! People did not trust banks and sometimes people hid their money in locations in their home. Crazy to think about isn’t it!
Nowadays, people have money in countless varieties of funds, accounts and ... Views: 936
Let’s take a moment to talk about commercial real estate and your specific role in a deal.
Sometimes you might need a little more clarity on a situation. Say you are really unsure about the finder’s fee and what constitutes relinquishing the deal? Still not seem clear to you? The ... Views: 885
I've been thinking about starting a stock market prediction business. Clearly, there is a huge market for timely and accurate information of this type, and just as clearly, predicting the future is much easier than dealing with the realities of whatever is actually happening at the moment. If ... Views: 3063
Say you have a great deal and you are just waiting to close it out. In fact, tomorrow your plan is to get the deed (if they are willing to give it to you). Then, if they are willing to give you the deed you will need to get it signed. After getting it signed, you should have them review the ... Views: 1052
Part 3: What it means to you
In part one we talked about what it really means to complete a deal on your IRA. You have just completed the deal. And not you have placed a large sum ($40,000) into your IRA. It was easy-almost too easy right? What do you think about next?
You do have to keep in ... Views: 875
Part 2: What it means to you
Say you have just completed a deal on your IRA. What does this really mean? Let’s talk about the hubbub this can create with your advisors when you do something like this.
It basically starts with someone who (for whatever reason or multitude of reasons) just ... Views: 835
Part One: What is Means
Say you have a deal that you want to sign right away (like tomorrow!) and you would like to do the deal on your IRA. Are you unsure of how to proceed? Do you do a trust and then your IRA will need an option from the trust? Have you found yourself in a situation you are ... Views: 780
Part Five: The art of negotiation
We’ve talked about the basics of auctioning in part one. In part two we started to talk about what I call the nitty-gritty. We talked about what to do with the auctioneer and how to go about getting involved in the auction. We also talked about the ... Views: 815
Part Four: Auction this, Auction that
We have come full circle! In part one we talked about the basics of auctioning. Part two we touched on the nitty-gritty and about how to handle the auctioneer and how to get involved with the auction. Part three we really got to know our motivated seller. ... Views: 798
Yesterday we talked about the Stock Market jitters and, if they were justified?
Today we will look at some important factors in finding a GOOD, QUALITY STOCK.
(Note: for those curious, I have been an active investor in the Stock Market for over 20 years and have subscribed to the famous ... Views: 1430
You’ve found a great real estate investment to purchase, signed on with the homeowners and gotten all of your information in order. All that’s needed is to approach the bank with a short sale offer and close the deal right? Maybe not.
There is an art to negotiation in the real estate ... Views: 1186
Many real estate investors will think about becoming a landlord, with your own rental property, from time to time. It seems like an easy way to bring in a regular monthly income on a long-term basis. Plus, you don’t have to spend a lot of time each week looking for new properties to invest in. ... Views: 747
Part Three: The Motivated Seller
We’ve talked about the basics of auctioning in part one. In part two we started to talk about what I call the nitty-gritty. We talked about what to do with the auctioneer and how to go about getting involved in the auction. We also talked about the ... Views: 777
Part Two: The Nitty-Gritty
So you have decided to try your hand at an auction. We talked about the basics of an auction in part one. Mainly, you learned whether or not you should participate in an auction (as a seller) in terms of price for your property. Now we’ll dive a little deeper ... Views: 810
Part One: The Basics
Do you have a home that you would like to get rid of but just aren’t sure how? Maybe an auction is right for you. Auctions are becoming increasingly important to talk about. The worst thing you can do is agree to an auction (not knowing a thing about them). We are ... Views: 810
When you are buying is there really a perfect time to consider a lease option?
As we talked about in part I, there is never a perfect time to consider a lease option.
Here is an idea on how to get things subject to: with a minor modification on your presentation you might be able to convince ... Views: 843
When you are buying is there really a perfect time to consider a lease option?
You have found the perfect house and you are being pressured to consider a lease option. If you were to ask this question to one hundred different investors you just might get one hundred different answers. The ... Views: 888
Are todays worries and jitters of the Stock Market JUSTIFIED ????
( this is part 1 of a 2 part article)
Let’s talk about the Stock Market and the fears that we all have. After all,it’s about money, which is a somewhat of a concern to most of us.
What bothers me most is how the media is ... Views: 1129
Want the easiest way to bring in lease tenants when leasing a property? Put an ad in the paper! Getting a lease tenant is just the same as getting a rental property tenant. You can place an ad in the papers saying property for lease and giving your phone number.
A lot of real estate investors ... Views: 718
You’ve had your open house for that available lease rental property and you’ve gotten 3 or 4 good applications from people interested in leasing that property. Now, how do you choose the right tenant for your property?
Know What Kind of Tenants You are Attracting
One thing to understand with ... Views: 696