The great thing about owner financing is that you get to create the terms. That means you can introduce all sort of creativity into your offers. On the one hand, you can get into the habit of making seller financed offers every time you make an offer. When you make these offers consistently, some of these offers will [...]
Continue reading...30. June 2009
Here’s a question from one of the subscribers that came in about a short sale situation… Hi Scott — I have a friend who’s house is in foreclosure (about $110k owed, house is worth $140k), and she and husband filed bankruptcy, and they’re now re-arranging to chapter 11(or 7?)… Just wondering if their bankruptcy would affect the investor buying [...]
Continue reading...6. March 2009
Last Saturday I took several of the Wealth School participants on a tour of REO (bank owned) properties in northwest Oklahoma City. We looked at a total of seven properties. Why did we engage in this activity? For starters, we wanted to take a look at some good deals that are always on the market. Right [...]
Continue reading...19. November 2008
Do you ever see overgrown properties with, perhaps, boarded up windows? Have you ever thought that there might just be a incredible bargain to be had with a property like this? I have bought some great deals this way. Recently a student of wealth school asked about how to track down the owner of house overgrown [...]
Continue reading...12. November 2008
One of my goals is to buy a certain number of properties each month. The total number is important, what’s important is that I have the goal, and take the actions that support that goal. But however you slice it, I won’t buy any house in which I’ve not made an offer. The bottom line is [...]
Continue reading...11. November 2008
I recently bought a Fanie Mae property via an on-line auction. I was originally drawn to the auction for a number of reasons: The auction was poorly advertised. It only showed up, as far as I could tell, on the on-line auction company web site and realtor listing sheets. You had to call an 800 number to find [...]
Continue reading...7. November 2008
Today a Wealth School participant came to me with a property (house with a garage in the back) in which he could assume the loan from a hard money lender. The owner of the property had gotten into trouble, and was relying on the hard money lender to bail her out. The participant was eager to buy [...]
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13. August 2009
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