No, this is not real estate training, but with the crap going on in the house and the senate this week, particularly as it pertains to ObamaCare, I thought this needed to be in the training and coaching section so it will get “front page billing”. I would like to give you all the “Gospel According [...]

This legislation significantly impacts regulatory requirements for virtually every organization that issues 1099 information returns, but rest assured all you landlords out there…YOU WILL ONLY HAVE TO DO A BIT MORE PAPERWORK…you WILL NOT have to report what you make to your tenants!

If you’ve ever asked yourself “What the heck’s a HELOC,” then you’ve come to the right place! There are two types of home equity borrowing: home equity lines of credit and home equity loans. A HELOC, or Home Equity Line of Credit, is the right to borrow money from a lender up to a certain [...]

I wanted to take one  blog to go over just a few more terms used by folks in the Real Estate Business, particulairly with regards to mortgages.  This is by no means an exaustive list, but as we all know knowledge is power, and whether youa re a first time home buyer or a seasoned [...]

Broker Price Opinion (BPO)   When a bank has to take a home back in a foreclosure, they will want to know what the house is “basically” worth. Many real estate agents and brokers supplement their commission income by doing BPOs, or Broker Price Opinions. Though the income from an individual BPO may only be [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]