No term in the real estate investing field is more misunderstood than flipping. Realtors and attorneys will tell you that flipping a house is illegal. Is it? The answer is yes… and no. "Flipping" has two separate definitions. The one attorneys and realtors talk about is illegal. Investors use the second and completely different definition, […]
Financing is the single most important topic in real estate investing. Choosing the right real estate financing strategy is also essential for long-term success. Do it right and you’ll both minimize your risk and leverage your cash beyond what most people believe is possible. Do it wrong… and you’ll go bankrupt. In this answer, you’ll […]
Conventional loans, hard money, seller financing — sometimes none of them are a good fit to your deal. So, you create your own real estate financing. The savviest dealmakers raise money from friends and investors to create their own fund of available capital. Because the capital is set aside exclusively for you, most people call […]
Popularized by guys like Carleton Sheets and Robert Allen, nothing down is one of the hottest topics in real estate financing. The idea is that you can finance a real estate investment without using any of your own money. You just go to the closing, sign a few papers, and walk away with a real […]
Growing up, few of us are lucky enough to have a parent or teacher explain the importance of building credit. Then, when you decide to buy a real estate investment or sign-up for a credit card, you’re shocked when they turn you down because of insufficient credit history.
The reality is your buying power is […]
At some point in their life, everyone has hard times. Sometimes
it’s a divorce, death of a loved one, an unexpected layoff, or
ignorantly neglecting your finances. The bills spin out of control and
you find yourself with a damaged credit history and no one willing to
let you borrow a dime.
Fortunately, it’s a situation you
can fix. Follow […]
Any experienced real estate investor will tell you that financing is the key to profits. Show the bank a high credit score and a good debt to income ratio, and you’ll gain access to their exceptionally deep pockets, allowing you to purchase more real estate investments than you could alone. Only, what if you don’t […]
Here’s the typical scenario. You find a motivated seller that is willing to give you a great price, so you rush to your bank or mortgage broker to get prequalified for your loan. You tell them that you’ve found a great real estate investment and you want to know what the terms are.
The next day, […]
Walk into any real estate investment meeting anywhere in the country and what will you see? A bunch of old geezers! People typically start thinking about investing later in life, so the industry is understandably a little older. Thankfully, that’s changing, but if you are young, it’s still easy to be a little intimidated. You […]