Don’t Ask for Money on Facebook.
Friday, May 12
Private funding is a relationship business. If you are seeking funding you are not likely to be very successful asking on social media. I’m not saying you won’t reach people with money on Facebook, you most certainly will, but you are more likely to alienate people in your circle or near yo...
The “No Brainer”.
Thursday, May 11
Avoid clichés in your proposals. They will rarely sell the deal and have the potential to do great harm. My all-time least favorite term might be the “no brainer”. When you call your deal a “no brainer” are you saying that it is so good that it doesn’t require an investor or a lender...
Land Contract Case Studies. 2 LCs on 1 House.
Thursday, April 27
This is the third installment in my series on land contract sales. The first introduced the concept of land contracts: Don’t Hire a Property Manager. Sell Your House To One. The last explained why I like to use land contracts and provided a basic case study: Land Contract Case Studies. Plai...
Magic House for Sale.
Wednesday, April 19
I have revisited this article because I have been seeing a resurgence of this type of deceptive advertising in my area recently (suburban Detroit). This has been, primarily, by out of State sellers who have been trying to pass off properties they purchased at very low cost (because they ar...
Land Contract Case Studies. Plain Vanilla.
Thursday, April 06
A land contract (in some States this is referred to as a contract for deed) is a form of owner financing the sale of real estate where the deed to the property remains in the seller’s name until the buyer fulfills the terms of the contract. In contrast, when an owner finances the sale of pr...
Confessions of a Private Lender. An Updated Chronology.
Thursday, April 06
When I get inquiries about private lending I often refer people to this blog to get an overview of the types of deals I have done and my decision making process. This blog entry is a listing of my previous entries in chronological order, the earlier ones at the top. It is posted, primarily,...