Make sure they understand

Make sure they understand

Make sure they understand   People tend to naturally say “No” to things they aren’t familiar with. This is a reality real estate investor must overcome in order to get a “yes” on a creative deal structures when talking to sellers. You do that by making sure they understand what you’re proposing.   Take owner carry-back financing for instance. Most people are accustomed to the idea of making payments, especially…

Man on a wire

Man on a wire

Man on a wire   Real estate investing is not for the faint of heart. Nor is it for the faltering soul. To be successful at it, you have to be willing to ride the roller coaster while pushing forward. Take what happened to us last week for instance.     As I was leaving my house after lunch on Monday, I get a call from one of the pre-foreclosure…

Subject-to deals

Subject-to deals

Subject-to deals   Subject-to seems to be the new buzz-word circling through many of the real estate investor teaching arenas. That’s because in our current market, subject-to deals present a great opportunity. Before I get into that, let me explain what one is.   A subject-to deal is where you buy a house from someone with a mortgage in place. Instead of getting your own loan to pay off your…

Expenses Escaped

Expenses Escaped

Expenses Escaped   Ashley and I have been blessed to have Peter Fortunato as one of our main teachers since we got into real estate investing.   When it comes to creative real estate transactions, Pete is like one of those guys that does chainsaw wood carving. He walks up to something that looks like a stump to everyone standing around, cranks up his creative chainsaw mind and begins to…

Trucks and trailers

Trucks and trailers

  We just did a land-home deal over in Adairsville. During the course of the purchase, the sellers found themselves in need of a truck. They were moving to Florida after the sale and were planning to live in a travel camper until they could decide where to buy and settle down.   They already owned a vehicle capable of pulling the camper, but something went wrong with it a…

Learn to create great deals

Learn to create great deals

  I got a call from a newer investor recently, and he was about to do his first subject-to deal. That’s where you buy a house and leave the seller’s mortgage in place after closing. You then make payments on that mortgage until you either pay it off, refinance the house or sell the property.   The investor was looking for some guidance on how to set up and properly…

What comes first — the loan or the deal?

What comes first — the loan or the deal?

  The two main obstacles most beginner investors experience are “Where do I find a deal?” and “How do I pay for it?”   This situation feels a lot like the age-old question, “What comes first — the chicken or the egg?” In order to buy a house, you need to secure funds to pay for it. But in order to secure those funds, you need to have a deal…

Why master leasing to an investor was good for a military service member

Why master leasing to an investor was good for a military service member

  I recently sat down with a property owner who was about to become a landlord unexpectedly. You’d be surprised how often this happens. Their scenarios range from inheriting property to going through a divorce or even just experiencing a job transfer. This particular owner falls into the last category. He’s being deployed overseas and received about a months’ notice.   Like I said — unexpected landlord.   Before I…

Making an offer

Making an offer

Making an offer is sometimes intimidating for a beginner – mainly because you’re scared the seller will accept, and you have no idea what to do next. Or you’re scared you’ll mess something up.   Either way, I totally understand.   But something that gave Ashley and I confidence was to realize that you aren’t contractually bound by anything just because you made an offer.   An offer, is just…

The Proctor Doctor

The Proctor Doctor

  I’m a firm believer in chiropractors, and I’ve been going to them since I was 5 years old. During that time, I have witnessed them do some remarkable things. I’ve seen them break fevers, stop vertigo, heal migraines and much more.   One of the biggest of these things happened to me in Calhoun with Doctor Max Proctor. When I was 16, I was diagnosed with tendonitis in my…