Subject-To’s: They Pay You
Wednesday, July 28
Traditional subject-to purchases are a great way to make money in today’s real estate market. As an investor, you get a call from a motivated seller who simply wants you to take over his mortgage payments—no money down to own the house. The financial structure and credit arrangement re...
Short Sales
Wednesday, July 28
The short sale, like the subject-to purchase, is yet another way for a savvy investor to purchase a home with very little money. While subject-to allows you to simply take over payments of the property’s existing financial structure (mortgages), short sales allow you to purchase a property ...
Reasons to Invest in Short Sales
Wednesday, July 28
Short sales occur when home-owners default on their mortgage, and the bank and the owner consent to sell the home at a discounted price, even though the outstanding balance of the mortgage may exceed the proceeds of the sale. Although the bank takes a loss and the owner is out of a home, th...
Property Management: Collect Late Fees or Lose Control
Wednesday, July 28
As a landlord, one of your most important responsibilities is to manage your tenants. This means two things: 1) getting monthly payments on-time and in-full, and 2) making sure your property is being taken care of. Generally, property owners who fail are the ones who cannot accomplish on...
Investment Property: What Defines a Good Deal?
Wednesday, July 28
It can be all too easy to get lost in the excitement of an investment opportunity or in the shuffle of the math involved—especially for novice investors. Sometimes when this happens, the investor gets so wrapped up in these elements of the real estate industry that they forget to evaluate w...
Investment Property: Showing Properties and Finding Tenants
Wednesday, July 28
One of the most frustrating elements of being a real estate professional is reading between the lines to determine the nature of a person’s intentions. This is true at every level of the game—you have to investigate 100 leads before you find one good one, you have to go through 20 deals ...