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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Cutting Your Losses Early

“Cutting Your Losses Early… Know When it’s Time to Bail on a Bad Deal” When your primary plan of action doesn’t work, you need to have a backup strategy. This may involve switching gears from a retail sale to a rental or rent-to-own deal. It may also involve dropping your price, dropping your rent, or, […]

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Legal and Illegal Flipping and Lender Seasoning

There has been a lot of negative press and misinformation lately about double–closings. Several people have been indicted recently under what the press has labeled “Property Flipping Scams.” Misinformed lenders, real estate agent, and title companies will tell you that double–closings are now illegal. In fact, they are nothing of the sort. A double closing […]

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7 Great Ways to Use Marketing Lists

As a real estate investor, there are many, many ways with which to market. For newer investors who at first depend pretty much on 100% on their marketing efforts in order to procure leads, it can be a bit confusing and intimidating, to say the least. There is a multitude of ways one can market: Internet, […]

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From Contract through Closing – "ATM"

Once you have your property under contract, you can proceed towards closing.  Three things need to happen before you can close. First, the buyer’s lender must produce the funds. Second, your mortgage, or any other lien on the title, needs to be paid off. Third, once the title is clear, you can take the final step […]

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Zero in on motivated sellers

When investing in real estate, you want to focus your efforts on 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 people who MUST sell their homes. So…what motivates […]

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60 Days to Your First Bargain Purchase

Coaching

Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground. Nothing happens and […]

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