The Art of the Question- The Delicate Prequal
Monday, January 10
The task of pre-qualifying a potential tenant or lease-option buyer can be tiresome and uncomfortable. In polite conversation, nobody wants to ask, "So, how's your credit?" yet in the real estate investing business when dealing with potential tenant buyers, the answer to that question gets to th...
The One Thing You Should Never Accept
Sunday, January 02
As we have discussed in previous posts, the goal of any real estate investor is to have your property cash flow. This can only be accomplished by having your tenants pay you on time and in full each month. Many investors choose to market their property to first-time homebuyers who may have bruis...
Set the Stage Upfront to Eliminate the Drama!
Thursday, December 30
This post is Part Three of Begin with the End in Mind. As real estate investors, we are in the rental business to make money. Period. If you are an investor, you need your property to cash flow for you and the only way for that to happen is for your tenant buyers to pay you every single month O...
Begin with the End in Mind Part 2
Tuesday, December 28
We know this is the best time to be a real estate investor. Credit is tight and prices are low. In addition, the first-time homebuyer niche is one that that is not susceptible to the whims of the economy. In other words, there will ALWAYS be a ready supply of buyers who want to "fire their landl...
Begin with the End in Mind
Sunday, December 26
There has never been a better time to invest in residential real estate. Prices are at historic lows. For example, in metro Detroit, you can purchase a 3 bedroom brick home on a basement with a garage for well under $20,000. In addition, there are plenty of would-be first-time homebuyers lookin...