Question from a beginning real estate investor: “I was wondering if you can tell me the difference between when you do you start your business between putting in like incorporation or putting in a LLC?” Robert Elder Answers: “My recommendation is that you own your properties in a LLC which is a Limited Liability [...]
Continue reading...10. November 2009
One of my one-on-one coaching clients in Oklahoma City is fixing properties and flipping them. After looking at what he could accomplish using his own money versus using money from a hard money lender, he decided he needed to start talking with some hard money lenders. One of those lenders is Red Dirt Lending. [...]
Continue reading...6. November 2009
Question: “If I wanted to get started borrowing money from other investors, whether that means borrowing money from a friend or someone else that they met, what’s the best way to get started?” Answer: “Great Question. Getting a supply of private money to use over and over again in your real estate business [...]
Continue reading...4. November 2009
Question: “This gentelmen has sent me a couple of e-mails. I am sending it to you to get your opinion. It just gives me a funny feeling. This is about the house we will have to rent here soon. My wife posted the house for rent on craigs list.” Here is the email he got [...]
Continue reading...4. November 2009
Other real estate investors can be a fantastic resource for finding real estate deals. The concept is simple – you talk to other real estate investors to find a house they are going to flip to you to make a quick profit. For example, let’s say another real estate investor, Joe, has a [...]
Continue reading...1. November 2009
Williams and Williams Auction is a national company that auctions real estate. They have a contract with the Federal Government to auction some foreclosure properties. These types of properties are an opportunity because I have found the auctions are poorly promoted. In addition, people who are not computer savvy complain their website (www.williamsauction.com) [...]
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12. November 2009
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