Successful Investor Trait #3: Creative Techniques to Put Deals Together

This is the third blog post in the series about the three top traits of Successful real estate investors.

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Top Traits of Successful Real Estate Investors & Christmas

I absolutely love Christmas. Love everything about it. I spend Christmas in Oklahoma with my family, and this year we actually had a MAJOR white Christmas. What I like best about Christmas is the traditions. The key aspects you always count on. Santa Clause, Christmas trees, etc. Successful real estate investors also have key [...]

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Successful Investor Trait #2: Developing a Recipe for Success

This is the second in a series of blog posts about the traits of successful real estate investors. I discovered these traits when I was in the process of fixing the problems in the early stages of my real estate investing business. When I was a kid, one of the things I really loved to [...]

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I want to buy a property – can I take over the payments?

Question: “I have a seller with a property that has a mortgage. I don’t have a way to borrow money to buy the house. Can I just take over the payments on owner’s mortgage?” Answer: “The answer is maybe. The most important thing is whether or not the seller is [...]

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Where Should I look for Cash Flow Properties?

Question: “I’m starting to feel overwhelmed about exactly where to look for houses. Should I just look all over the city so I don’t miss out on any hot neighborhoods? Is it better to focus in a particular neighborhood?” Answer: “I feel your pain. It’s not easy to decide exactly [...]

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Should I add that Extra Bedroom?

Another question came in from one of our Wealth School Students. Question: “I have purchased another cash flow property (a single-family house), and am about to get started on the renovation. It’s a large house, and I could squeeze out an extra bedroom to make it a 5-bedroom house. Would it make more [...]

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Does the FHA 91-day rule apply to my newest property?

Question: “There is a 91-day “flip rule” for any property purchased and sold to someone who intends to purchase your property with FHA financing. I know that applies to the REOs I’ve purchased, fixed up, and sold. Does it also apply to properties purchased from individuals?” Answer: “Unfortunately, the answer that question [...]

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