For most beginners, making offers on foreclosures is a miserable experience. When I first started, I crashed and burned 17 times in a row. At the time, I chalked it up to bad luck, but now that I’m older and wiser, I realize that I didn’t know what I was doing.
Now my acceptance ratio is […]
Guaranteed, on-time rent payments. What landlord could resist? The fact is, like any strategy, section 8 rentals have both advantages and disadvantages to think about before basing your future on it. Personally, I avoid the strategy, but I know several landlords that make their living from it. I’ve gathered a short pros and cons list […]
Section 8 is a program for low-income tenants, where the government subsidizes a portion of the rent. You can rent your houses to approved tenants, and the Section 8 program will pick up part or all of the rent every month.
Many landlords enjoy the strategy because it’s guaranteed income. The government pays their portion of […]
In the 21st century, everyone knows the word "gay" refers to people that are homosexual, but back in the 1950s, the meaning was contested. The alternate definition was "full of joy and mirth."
Can you imagine the confusion? Tell one group of people that you’re "gay" and they’ll assume you’re happy. Tell another group and they’ll […]
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 […]
Your first real estate investment is the hardest. There are so many available techniques and options that it’s easy to get overwhelmed and stop. I mean, consider the following (incomplete) list. Bank owned properties, short sales, motivated sellers, rental properties, lease options, VA foreclosures, apartment buildings, mobile home parks…
It’s theoretically possible for a beginning […]
Uncovering a house before it goes into foreclosure is like making friends. You have to push through scores of "average" people to find someone you like, usually looking in multiple places. For example, you might get to know people with similar interests, such as in your church group or at work. The more courageous people […]
My, if this question isn’t controversial! You’ll find diehard believers in both camps. Many investors will tell you that assigning contracts is the only way for truly "creative" investors. Others swear that you need to buy the house and that assigning contracts is an outdated strategy. Who is right?
Like most unsolvable arguments, the truth is […]