9 Mistakes New Real Estate Investors Make
01. Not Knowing the Market Numbers Knowing your market is as important as any other factor in real estate investing. This means having a neighborhood by neighborhood analysis of the supply curve and average days on market. Both of these data formulas can be found through the assitance of a real estate broker using the MLS. 02. […]
Continue readingA House Is its Own Best “Comp”
A House Is its Own Best “Comp”An appraisal is a certification by a licensed professional that a house is worth a certain amount based on comparable sales. It is, however, an opinion of value based on one person’s analysis and experience. The actual “market value” is the amount a buyer is willing to pay and […]
Continue readingHow Would You Like to be Part of an Elite Group?
If you aren’t getting the financial results you want, it’s time to try something new. Working harder with the wrong formula won’t get you better results. Don’t work harder, work smarter! Traditional investing is hard and slow. Fortunately, there is a better way: Join my “Invitation Only” Creative Real Estate Financing group on Facebook […]
Continue readingDealing with Real Estate Agents as an Investor
The real estate agents have a valuable source of potential deals for the real estate investor – the Multiple Listing Service. Unfortunately, real estate agents have a monopoly on this information, so they may be a necessary part of an investor’s game plan. Dealing with real estate agents can be difficult as an investor. Agents […]
Continue readingApartment Investing
Why NOW is the Time to Get into Apartment Investing If you’ve been buying and flipping or renting single family homes, you may want to look into apartment investing. Yes, I know, you think you need gobs of cash to buy apartments when the fact is you can buy apartments with little or no cash […]
Continue readingThe Basics of “Short-Sales”
You will likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.” Negotiating […]
Continue reading7 Reasons to Use Land Trusts
You wouldn’t walk around with a financial statement taped to your back, would you? Then why are you holding title to your real estate in your own name? Whether it’s your personal residence or your rental properties, you are a “sitting duck” for disgruntled tenants, ex-employees, ex-spouses, the IRS and their attorneys. Real estate is […]
Continue readingHow Would You Like to be Part of an Elite Group?
If you aren’t getting the financial results you want, it’s time to try something new. Working harder with the wrong formula won’t get you better results. Don’t work harder, work smarter! Traditional investing is hard and slow. Fortunately, there is a better way: Join my “Invitation Only” Creative Real Estate Financing group on Facebook […]
Continue readingRetaining Tenants
What tenant wouldn’t love the allure of high-speed Internet and a computer of their very own? This is one of many incentives that investors and property owners are offering in order to retain or reward long term tenants. There are other rewards that are just as effective and cost property owners a little less in […]
Continue readingLease/Option vs Contract for Deed
Many investors are generally familiar with the concepts lease option and contract for deed (aka “installment land contract”). Many investors confuse the two, and this article will help you understand the tax, legal, and practical issues between a lease option vs contract for deed. Lease Options First, let’s start with the lease option, which is […]
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