Unless you’re a cash buyer, good financing is absolutely essential to earning big profits. If you can’t offer decent financing when you decide to sell, you’ll end up making concessions to the buyer, which will greatly reduce your potential profits.… Continue reading
When you purchase average properties in average condition, you can expect to pay average price and terms. Equity creation or build-up is somewhat difficult when all things are average. Equity build-up comes from two sources. The first is very… Continue reading
Many neophyte investors have made the mistake of buying marked-up houses for no money down. They automatically assumed they could earn a profit because no cash was invested! With high mortgage payments and short-term balloon notes, their dreams of becoming… Continue reading
AGENTS CAN SAVE YOU PRECIOUS TIME!
1. Your agent has immediate “pipe-line” knowledge about when a bargain property is listed for sale. How? Either as a member of the Multiple Listing Service (MLS) or by networking through his associates… Continue reading
FOCUS ON THE BASICS
My success has come from keeping things simple and sticking to basics. That means thoroughly analyzing the expense money going out and the income coming in. You don’t need to know the internal rate of return… Continue reading
EXACTLY!!
Often when I counsel students I ask, “Why did you choose to invest to real estate?”, the most common answer is: “To make more money and build personal wealth.” Next I’ll ask, “How do you propose to do it? … Continue reading
When I negotiate with sellers to purchase their real estate, I spend countless hours doing “Columbo style” detective work. I talk with them, I study their surroundings. I meet with the kids, I drink coffee with the grownups and I… Continue reading
If you read about successful people, as I like to do, you’ll find that downturns in the economy or rough times at the bank have very little to do with their success. In fact, most don’t even mention the economy… Continue reading
R. E. Agents can help, but the vision must be yours. I like to think of real estate sales people as a large task force capable of accomplishing anything. But it’s up to me to tell them exactly what tasks… Continue reading
I’m frequently asked, “How can I purchase properties from experienced owners and negotiate a good deals for myself when I’m only a beginner? I feel intimidated when the property owner seems to know much more than I do. I always… Continue reading
Just a single telephone call could be worth thousands of dollars to you when you need help fast. Speed often saves the day in this fast paced market. Don't miss the boat when a few minutes of one on one telephone "brain-storming" can make a big financial
difference. Serious help can be a phone call away.
