Today we took another house for free. The process, for those of you not already educated about these sorts of transactions, is known as a “Subject To” deal. “Subject to” means that we took the home subject to the financing already in place. This is probably the BEST method I know of for getting a [...]
Category | Training
Deals that Aren’t
Posted on 20 February 2010
One of my wholesaler bird dogs sent me two “deals” that I wanted to put on the blog as yet another example of what NOT to do. I figure people learn just as much if not more from the stories of the deals that don’t work as from the deals that do. You will see [...]
Making Money with Real Estate: Part 2
Posted on 02 January 2010
Here is part two of the post from yesterday. These methods are among the ways that Real Estate Investors such as myself make a living. We don’t count on things like Equity or apprciation, but make our money upfront.
***************************************************
The Other Six – For Investors Only
These are among the subjects that I teach in my courses [...]
Making Money in Real Estate: Part 1
Posted on 01 January 2010
For the start of a new year, I figured I would go back to basics and post some bits and pieces of the training I have written in the past. Sometimes we get into bad habits, myself included, and need to go back to the basic fundamentals of our business and revisit them. This post and the [...]
Wholesaling from the MLS?
Posted on 29 December 2009
The other day I had a “so called” wholesaler email me regarding doing a wholesale flip through a realtor. He is starting to feel some economic pressure lately as his regular day gig went away, and he is trying to make it doing wholesale deals full time. I applaud his tenacity, and I am a [...]
Taking Back a Second Mortgage
Posted on 28 December 2009
“Taking back” a second mortgage when you buy a home and the seller “loans” you some of the money they need in order to buy the property This can be both an effective selling tool and a good “investment”, however, if the transaction is not handled properly, it could be an expensive and major financial [...]
Should You Use a Realtor?
Posted on 24 December 2009
Are there houses to buy that realtors don’t deal with?
Holy Smoke! Once again I am AMAZED by the morons out there! I came across this question at http://answers.yahoo.com while doing a search for something else. Although the question is a good honest question the answers are such a blatant billboard to stupidity that I feel [...]
Getting the Best Tenants
Posted on 23 December 2009
I often get into discussions with other landlords both here in town and online in other parts of the country and they ask me how it is that I do not have the same problems that they have with their renters.
I tell them that the short answer is, “I’m a mean and nasty bastard and [...]
CMA: Defined
Posted on 22 December 2009
I think it is safe to say that no investor or potential buyer should EVER go into a sale without having performed their due diligence. One part of this process is the Comparative Marketing Analysis, CMA. This is NOT something to haphazardly do by ones self online with Zillow or some other “free” site. I [...]
