All Forum Posts by: Shaun Steckler

Find out what the seller wants and give it to them. Most just want out of the situation with the house.

If you can help them get a fresh start, you will be rewarded.

Focus on helping them first and good things will follow.

As far as paperwork goes, always have an authorization to release information form with you for them to sign.

From there you can order the short sale package from the bank. Hope this helps.

If you know what to look for, where to look for it and what to do with it once you find it, it's always a buyer's market.

Serious investors know how to find those situations that create compelling reasons to sell. You want someone who has to sell.

If you're dealing with a seller who's actually going back and forth with you about the price, you're barking up the wrong tree.

For SEO, look into Word Tracker, it will tell you what people are looking for on the web and what search terms they are actually using.

I would definitely recommend setting up a Twitter account and Facebook page. Set up your profile (on both) and begin posting to them daily.

Is this your first investment purchase?
If it is, here is my advice.
1) Seller financing can be attractive - make sure you understand the terms (int rate, pmt, etc) and negotiate the most favorable for you. Remember, the seller is in a pinch, otherwise, why would he be offering to be the bank?

2) If the seller is willing to lower the price, by all means, take him up on it. If you don't upset him, then you're offering too much.

3) Leave the tenants in place. After you purchase the property, go to each of them and have them sign a lease.
Then just focus on renting the 3rd unit.

Very straight forward.

Without knowing more about the neighborhood, I would say your maximum allowable offer on the house should be $62,500. Start here and don't go above $75K.

I'm assuming the ARV on the house is at least $200,000.

With regard to building a house for the first time, I would be very careful. If you don't have the experience, find somebody else who does.

Good luck.

As you grow and develop as a real estate investor, the need for control increases. Not in a bad way, but in a good one.

Buying your own materials helps the investment company to control it's costs and maintain profitability.

Remember, if you're going to assume all the risks, you should enjoy the reward.

And you can't do that when you hand your control over to somebody else.

It doesn't matter if the investment opportunity is a short sale or a REO. Both of these are just conditions.

What makes a deal are the numbers. If you're buying a property at $.40/$1.00, that's a great deal.

It doesn't matter if it's a short sale, REO, FSBO or out of town owner. A deal is a deal.

This economic downturn is far from over. The last set of mortgage ARM's are not set to trip until November 2011.

That's 2011.

Certainly investment opportunity abounds today for the experienced real estate investor.

My point here is that the overall economic recovery in the United States is still a couple of years away.

But don't let this kind of news stop you.

You may want to consider moving to the United States.

If an investor assumes the risk, he or she should be entitled to the financial reward.

It sounds like your politicians who make these laws don't own any investment property. This is just another example of somebody trying to get in the way of your dream.

Don't stand for it.

If you're just getting started as an investor, you will fail at some level.

If you're doing something new that makes you uncomfortable, then you're on the right track.

Jim Rohn says, "it's not important what happens, it's what you do with what happens that's important."

How you respond to a situation is critical and will have a direct impact on how well you do in this business.