Archive
It’s my opinion that in today’s market, landlords should be offering all their rentals as rent-to-own. In this deal structure, a tenant buys the right to purchase the landlords property, for a predetermined price and time frame, all while renting the house. It’s also called a lease option. So what makes this deal structure attractive? First, you’ll get market- or above- rent rates....
I’m often asked when talking to aspiring real estate investors what a “full timer’s” daily schedule consists of. So far my reply has not been that we push computer buttons for 10 minutes each day, in order to make a bazillion dollars a day while enjoying umbrella drinks on exotic beaches. I say that because that’s how infomercials portray us. My experience, however, has been... well let...
You may be thinking that “Happy New Year” is a strange title for this column since we’re in the middle of April. Well it’s not. That’s because I’m talking about the Hebrew New Year. It just started, and we’re currently in the first month, the month of Abib. The month of Abib is rife with Biblical awesomeness. Yahweh plagued Egypt and brought the children of Israel out of slavery; He...
I was talking to an investor recently about a property tax lien sale. These take place when counties auction off the tax liens that have accumulated due to unpaid property taxes. It’s a good way for local government to recoup some of their lost funds. For investors, it’s a great opportunity. If you know what you’re doing at the tax sale, you’ll get either a guaranteed 18 percent return on...
Would you rather have cash or income? I was sitting at a closing recently, quietly working through a problem on the financial calculator. My agent asked what the app was on my phone. When I responded that it was a financial calculator, both my agent and the buyer’s agent were perplexed as to why I needed one, since the mortgage brokers do all the mortgage calculations. This is a...