All Forum Posts by: Jason Hanson

The best way to get started is wholesaling because you will get quick cash. Lease options are great because you don't have to use your own credit and you get in with little money down. The only problem is you are waiting a long time to get paid with a lease option.

I would do wholesaling, lease options and other techniques at the same time, so you always have cash coming in.

As far as I know they do. However, you should always consult an attorney. In my opinion (and I know a lot of people disagree) land trusts are a big pain the in the butt and not worth it. Hold all of your properties in various LLC's and you will be fine.

Most people like land trusts because they were taught by some guru how great they were, which was in fact the same guru selling some high priced land trust course. Very suspicious.

I would do the safe thing and contact a local RE attorney.

Every morning you should wake up and for the first 15 minutes of your day read a positive book to put you in the proper mindset for the day.

Books such as "Think and Grow Rich" and "The Magic of Thinking Big".

One of the keys to success in this business is always giving a seller multiple offers.

First I give them an all cash offer which is always a huge discount off of their asking price.

Second, I give them a subject-to offer which is a much higher offer.

People may think they want all cash, but when they see that they make a lot more money with your second offer they take it a lot of the time.

Since I specialize in sub-2 I lead people down that path and make it very advantageous for them to accept that offer.

A very cheap book and good introduction to lease options and subject-to, is Wendy Patton's book (I don't remember the name but it has lease option and subject-to in the title.)

Hard money lenders should always be a last resort, but as the others said, it is better to spend 3-5k than lose the entire deal.

If you have a HELOC on your primary residence you could use it to purchase the property. Or you could use a business line of credit.

I like A.D. Kesslers Creative Real Estate Magazine. You can google it and get the link to the website to subscribe.

I detest most of the guru's but Mr. Landlord has very quality products and information.

Everyone knows that the true key to wealth in real estate is buying and holding and he shows you how to do this successfully.

Save your money like everyone else says. Remember the more that a so called "deal" is advertised the more people know about it and the less likely it is to be a deal.

The best deals are found by prospecting and direct mail because you are going to straight to the homeowner and have very little competition.