The Safe Act- How it Applies to Texas
Monday, June 14
Notes from meeting with Texas Department of Savings & Mortgage Lending On Wednesday, June 9, Mr. Foster from the Texas Department of Savings & Mortgage Lending (TDSML), the government agency that will oversee The Texas Safe Act (TSafe) spoke to a room full of 200+ real estate investors ...
Bandit Signs for Success
Sunday, June 13
In targeting people going through hardships in a specific area of town, the use of bandit signs may be effective. Bandit signs are signs posted on intersections that state a quick attention getting tag line followed by a call to action. Ex: ‘WE BUY HOUSES CASH, AS-IS, WITHIN 72 HOURS. CALL XX...
Foreclosure filings are down but bank seizures are up
Sunday, June 13
1 in 400 homes received a foreclosure notice in May. Is this good or bad news?Neither, really, but it is better news, as this number represents a 35 drop in foreclosure filings from the previous month. May was also a record month for bank seizures, taking back just under 94,000 homes. This is a...
Tips for Screening a Call in Real Estate
Wednesday, June 09
Screening the Call You never get a second chance to make a first impression. Therefore, it is extremely important for you to sound professional and be prepared when you receive a phone call from a distressed homeowner. One way to ensure that you are prepared when answering the phone is to know...
Use you own money or other people's money in a Fix and Flip?
Tuesday, June 08
One of the beautiful truisms about real estate is that it is a highly acceptable form of collateral for lenders. The question many fix and flippers have is this: should I fund the project myself or borrow funding? The answer is determined by your level of risk tolerance and your return on inve...
3 Tips on Avoiding 'Foreclosure Prevention' Scams
Monday, June 07
With 10+% of homeowners delinquent in their mortgages (and more projected to occur over the next year), there are many opportunists out there looking to take advantage of people who in a tough spot and motivated to sell quickly. CNN Money came out with an article about how 3 ways to spot a forec...