Category Archives for General and Business Advice

Contract for Deed

A contract for deed (aka “installment land contract”, “land sale contract”, or “contract”)  is an effective tool for buying real estate with seller financing. A contract for deed is an alternative to traditional mortgage financing. Under a contract for deed, the buyer gets possession of the property and makes installment payments of the purchase price over an […]

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7 Crucial Real Estate Contract Clauses

The following is a seven-point checklist for items that should look for when you are buying. Some of these clauses may be found in some form or another in the “standard” real estate contract which is used in your area. 1. “And/or assigns” or “and/or Nominees.” As the buyer, you want to have the right to assign […]

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Finding a Contractor via Referrals

Getting a solid referral is the most obvious and easiest way to find contractors. In your search for a good contractor, start by trying to secure referrals from investors and friends. You want somebody you know and trust who has had a positive experience with a particular contractor. That in itself is worth a lot! […]

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Taking Risks in Your Real Estate Business

It would be a great thing in business if we never had to take risks, but it’s a part of life and a part of business. Businesses can face risks from all sorts of factors including; new and existing competition, market changes, antiquated products and procedures, partners, accidents and more. Not everyone is willing to take […]

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What Investing Strategies Should I Employ as a Real Estate Investor? Here are 7 Considerations.

As an experienced real estate investor, from time to time you have to give some thought and effort as to what types of investing strategies you will likely employ in your investing business in order to be most successful. As a beginning investor, you may not yet have developed a “feel” for what types of […]

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Are You a Victim of Procrastination in Your Personal and Business Life?

Let’s face it. Even the most ambitious of us sometimes faces the procrastination “demon” from time to time. Call it “Spring Fever”, “Summer Malaise”, The Winter Doldrums” or any other name- it’s all the same.  For most of us, it’s a temporary state and sometimes indicates that we need to slow down a bit and get […]

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7 Quick Tips for Overcoming Procrastination and Feeling of Being Overwhelmed

Start with one or two things. Once those are working choose another project and begin work on it.  Start an idea journal. Use a pocket notebook or voice recorder feature on your smartphone.  Transcribe the ideas to the appropriate area (ie. Marketing Ideas) at the same time each day.  Strive for balance. Accept that you can’t […]

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7 Tips on How to Create a Great Business Plan

Any major endeavor worth doing right requires some sort of organized plan. Starting a business and getting it off on the right foot is no different. It’s amazing to me that most folks that are starting a business spend more time planning a 1-week vacation that they do laying out the steps of a business they […]

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7 Tips for Getting Your Offer Accepted

Let’s face it, it’s a tight market out there! In most parts of the country, the real estate market has changed over the last couple of years from a buyer’s market to a strong seller’s market. The positive side of this is; whether you are an owner occupant or a real estate investor, it’s pretty easy to sell […]

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Investing in Real Estate When Your Spouse (and Family) Aren’t Onboard.

So you just attended a great 2 or 3-day seminar on investing in Real Estate. The speaker was knowledgeable, informative and motivating. You aren’t very happy with your current job and you want to make a major change in your life.  You go home Sunday night after the event and you spring on your spouse (and possibly kids), that you are going into real estate investing! […]

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