Can't Assign your Contract to a REAL BUYER? Here's how.
Wednesday, March 17
Problem: Banks insist on "Non-Assignable" clauses in the contract.• Solution: Form a "shell" LLC to make your offers. Once you get a deal accepted, sell the LLC to the other person for your $5k or $10k assignment and let them go to the closing table. The title company doesn't care who owns the LLC.
Wow-Do You Feel the Shift Too?
Monday, March 08
Since selling our cute little house in Riverside, we've been making offers right and left. We got some accepted and they fell through for one reason or another, which is very frustrating for us. But right now we have 2 deals accepted in Austin, and still negotiating on a 3rd! Have the stars becom...
Our First Deal Fed a SCAM!
Wednesday, January 27
I can't believe that our credentials were used to scam 2 elderly men, ages 77 and 79 out of $60,000.Imagine my surprise , when I got a letter in the mail with a copy of a promissary note in my name, a copy of a "Deed of Trust with Assignments of Rents" on the property we rehabbed in Riverside and...
FINALLY - 90 Day FHA Season Rule Waived
Saturday, January 16
I don't know how many times I've heard this, come to find out the fine print had some restriction, but this time it appears that us normal investors can finally rehab a property and immediately sell to an FHA buyer!Here is the link to the actual ruling: click hereThere is one snag - but easily ha...
We're off to a New Year - and New Successes!
Sunday, January 03
We are just so excited about the next real estate adventure! There are so many opportunities to choose from: California, Texas, Arizona, Nevada, and dare I say the F-word? Florida.One of the aspects I really like about the training we had was knowing the freedom to rehab houses anywhere in the c...
Our First Flip is Over - and Profitable
Wednesday, December 16
I am proud to say that Chapter 1 of our real estate flip is now completed. After the emotional ups and downs, the pride and the challenges, we can finally say our little house at 5679 Challen is now in the hands of a California family that never before thought they could ever afford a home in Cal...