property

Private Money: When 18% is Less than 12%

by Marty Boardman | September 1, 2011

I was never late. I always paid my bills on time. The mortgage. The credit card. The car payment. Electric, water, phone and cable – like clockwork every month. Heck, I even paid for magazine subscriptions 3 months prior to expiration. Then suddenly, in August of 2007, there was too much month and not enough [...]

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Real Estate Investing

The Real Estate Investor’s Realtor: What Should You Expect?

by Marty Boardman | August 26, 2011

I’m a worried Dad. My beautiful little girls are growing up too fast. They’ll be dating soon and I pray they make wise choices. I certainly don’t want them hanging around the wrong crowd. So rather than leave this up to chance or divine intervention I decided to start establishing some criteria for them. Their [...]

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Real Estate Investing

Wholesaling Property With Land Trusts

by Clint Coons | December 16, 2010

Last week a client called about buying a HUD property. After a short discussion I realized he was buying a trust that owned the right to purchase the property. After reviewing the documents I found several errors. I thought my client’s experience could help those of you interested in wholesaling property. The Story: In 2009 [...]

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Real Estate

Are You Anchored to List Price? What Really is a Good Deal?

by Julie Broad | November 24, 2010

We just walked from a deal we had under contract for $30,000 under it’s listing price. We walked because a few issues arose in the inspection that we didn’t want to deal with unless the sellers dropped the price further. They refused – so we walked. When we told that story to a couple of [...]

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Commercial Real Estate

3 Things You Need to Focus on Before Getting Started in Commercial Real Estate

by Khary Reynolds | September 7, 2010

Investing in Commercial Real estate can provide you with an opportunity for passive income and financial freedom that most people can only dream about. In addition to the income, investors also have the opportunity to increase their net worth from the appreciation of the property and additional tax benefits. However, as with most things in [...]

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Taxes

Recent Tax Court Ruling Denies IRS Sec.121 Gain Exclusion on Sale of a Personal Residence

by Clint Coons | August 24, 2010

Have you ever considered tearing down and remodeling your personal residence? Better be careful because the IRS is watching and what appears on its face as an innocuous event can have serious tax ramifications for you down the road. In a recent tax case the IRS was able to convince the Tax Court (Gates v. [...]

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Real Estate Investing

Rent to Own: What Comes First, the Tenant or the Property?

by Julie Broad | May 26, 2010

When my husband Dave and I decided to make real estate investing our full time job, we had been investing together for seven years and had built up a multi-million dollar real estate portfolio. We were in a strong financial position for the long term but our short term cash needs were not being met [...]

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Real Estate

MLS Bargain Hunting: Tips and Tricks (Part 3)- The Pending Hijack

by Stephani Davis | April 8, 2010

Over the last two weeks, I’ve been giving you some tips and tricks to use when searching the MLS for deals. (In case you missed Parts 1 and 2 of this series, you can read them here and here). In today’s article, I’m going to be talking about a little-known tactic used to snag deals [...]

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Real Estate Wholesaling

How to Close REO Wholesale Deals (Part 5 of 5): Using a Land Trust

by Stephani Davis | October 8, 2009

Today I am bringing you the final post in my five part series where I have explained the various methods available to wholesale REO deals and get around the “No Assignment” clause that most banks include in their addenda.

So far, I’ve discussed simultaneous closings (my preferred method), double closings, using a quitclaim deed, and using an LLC.

Using a Land Trust to Wholesale

In this post I will be talking about using a Land Trust to get your REO wholesale deals to the closing table. This strategy is similar to the LLC method that I discussed in last week’s post; in both instances, you will not be selling the actual property to your end buyer, but rather, the LLC or the Land Trust which owns the contract to purchase the property.

If you decide to wholesale your deals in this manner, you will be making your offer to the bank in the name of a Land Trust (which you will create once your offer has been accepted), and signing the offer as the Trustee of the Land Trust.

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Real Estate Investing

Three Easy Ways to Build a Wholesale Buyers List

by Stephani Davis | August 6, 2009

Real Estate Buyers List for Wholesalers Wholesaling houses is much easier when you have a list of active buyers lined up ready to purchase your deals. I personally spend just as much time looking for deals as I do looking for buyers. I am always on the hunt for new buyers, and as a result, I am usually able to unload my wholesale deals within hours of putting them under contract.

The following is a list of my three favorite methods for locating new buyers. If you implement one or more of these strategies and follow through on a consistent basis, you will have yourself a nice, healthy buyers list in no time.

Here we go…

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Real Estate

How to Save Hundreds of Hours of Your Time

by Jason Hanson | June 10, 2009

Image by ToniVC via Flickr How would you like to save hundreds of hours of your time? How would you like to avoid spending hours in the car driving to meet with sellers who don’t end up selling you their house? Well, the solution is in this awesome quote from Hedge fund guru Seth Klarman: [...]

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Real Estate

How To Solve A Major Lease Option Problem

by Jason Hanson | April 15, 2009

Image via Wikipedia If you’re an investor whose closing deals and making money now, you know that it’s a subject-to and lease option market. However, because of the crazy fall in home prices a “problem” has developed in selling houses on a rent-to-own basis (my favorite way to sell a house because the tenants take [...]

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Real Estate

The 3 Types of Real Estate Sellers and How To Deal With Them

by Jason Hanson | April 9, 2009

Image via Wikipedia Did you know that there are three types of sellers? Did you know that if you don’t learn how to recognize these three types of sellers that you can waste hours upon hours of your valuable time? Well, there is. And like most things about this business I learned the hard way, [...]

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Real Estate

Which Property to Buy?

by Anwell Tsai | January 15, 2009

Let’s assume you’ve been presented with two outstanding investment properties to purchase. Both can be purchased at a great discount and share similar risk profiles, though property A is significantly more expensive than property B. You’ve spent hours analyzing this to no avail. You have done extensive research in the market area. You know what [...]

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Flipping Houses

You Found A Great Rehab Deal. Now, How Do You Fund It?

by Richard Warren | March 10, 2008

You’ve been hunting for that perfect rehab deal like a Neanderthal stalking a mighty Mastodon. You’re sure you’ve found it. The after repair value and renovation costs will allow for a hefty profit. You should even be able to set a price that will result in a quick sale when the rehab is complete. There [...]

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