Category Archives for General and Business Advice
Tax Writeoffs on Rental Properties
One of the main reasons people invest in real estate is for the beneficial tax break it provides. The tax breaks are most substantial for middle-income investors who are their own property managers. The value of tax relief depends on your annual income and what type of job you have. Even though the breaks are […]
Continue readingThe Risks of Buying Real Estate in Emerging Markets
Buying real estate in emerging markets became all the range when investors couldn’t find deals in their backyard anymore. Between 2004 and 2007, real estate investors, hungry for break-even or positive cash flow rental properties, purchased income property out of state. California investors bought houses in Florida, Texas, and Oklahoma. Florida investors purchased houses in […]
Continue readingInstallment Land Contract Form
An installment land contract (aka “contract for deed”) is an owner financing tool to buy or sell real estate. It works similar to the sale of a car, an arrangement in which the lender holds title under an sales agreement for collateral of payment. When the car is paid off, the title is passed to […]
Continue readingReal Estate Investing for Engineers
In reviewing my database, I’ve found that over 40% of my mentoring clients are engineers. This does not surprise me, because engineers often make the transition to real estate investor for a number of reasons: 1. Analytical Thinking Engineers are analytical thinkers, good with numbers, systems and analysis following a proven method. Real estate investing (at least […]
Continue readingWhich Real Estate Gurus are Scams and Which are Legit?
“Which real estate gurus are scams and which are legit?” This is a question I often get, and rather than publicly decry others, I humbly bite my tongue. It’s a hard thing to do when you see scammers and phonies, but my mother always told me if you have nothing nice to say, then don’t […]
Continue readingDisclosure on Short Sale Flips – New!
by Attorney William Bronchick Short sale flips – the process of shorting a property then reselling it for a cash profit in a simultaneous closing – has been taking heat lately from title companies and real estate brokers. Realtor blogs are filled with drivel about how these transactions are illegal or unethical. What’s the real […]
Continue readingHow to Find Motivated Sellers
by William Bronchick, ESQ When investing in real estate, you want to focus your efforts on how to find motivated sellers. This is true especially if you are just starting out. and dealing with motivated sellers makes the process go even faster, which means cash in your pocket sooner rather than later. Motivated sellers are […]
Continue reading12 Tips on Setting your Financial Goals
I bet you wrote down your goals on January 1st this year. Is that all? Did you re-think them this month and write it down again? If you don’t know what your goals are, how are you going to measure whether you’ve reached them? And, I would bet that if you didn’t write them down […]
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