When you’re getting started in real estate investing, one of the first realizations most people have is, "You need money to do this." Only, you might not have $20,000 in savings or a rich uncle that can loan you a fortune. So you think, where can I find the capital to buy my first real […]
Hallelujah, you’ve found a seller willing to owner finance your real estate investment! Now what? Owner financing only benefits you when you can negotiate favorable terms. You need to understand how to structure your payments, interest rates, and term of the loan. Let’s look at each in more detail:
As a general rule of thumb, sellers hate owner financing. They want their money now. So, the question is, how do you go about convincing them to owner finance your real estate investment? It’s not easy. I know dozens of successful investors around the country, and only the best of them can convince sellers to […]
Aha! You’ve stumbled onto one of the largest disadvantages of buying real estate investments with owner financing. Sellers hate it. Most of the time, they’ll only accept your offer if they have no other choice. If you’re competing against another buyer with cash or talking to an unmotivated seller, your request for owner financing is […]
Common wisdom says debt is bad and you should pay it off as quickly as possible. But the numbers don’t work. When you start to understand real estate investments and rates of return, you realize you can make more money by investing your money than paying off debts. Only, is that the right move?
The answer […]
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 […]