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How a Newbie can Land a Money Partner

17. May 2010

91 Comments

In my last blog post I talked about 2 ways that a newbie real estate investor could get financing. One of those ways was by having 50 – 50 [...]

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The Two Best Ways for a Newbie to get Immediate Financing

16. May 2010

35 Comments

One question I get asked all the time is “Scott, if I’m just getting started in real estate, How do I get financing?” That’s a really good question, especially now given the difficulty in borrowing money from banks and mortgage companies. In this article I’m going to give you my two top [...]

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Is Advertising for Private Money Legal?

28. February 2010

32 Comments

We recently had a speaker in Oklahoma City who came to talk about how to borrow money from private lenders. That speaker shall remain nameless in this article. He presented some excellent information on how to get private money from friends, family, and associates. And he told us how he had gotten [...]

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I Have Money in a Self-Directed IRA – Now What?

30. January 2010

5 Comments

I had a really great question come in from yesterday's blog post, "The 2nd Smartest Investment I Ever Made". The question comes from someone who currently has a regular IRA with $25,000 in the account.

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The 2nd Smartest Investment I’ve Ever Made – Are You Doing It Too?

29. January 2010

18 Comments

The SMARTEST investment I’ve ever made has been the education investment into myself.  That’s not the topic of this article.  The 2nd smartest investment I’ve made has been using a ROTH self-directed IRA to get into the lending business.  It was acutally a big mistake…at the time, I thought I was going to end up [...]

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Part 3: Price is NOT the most important factor in a No Money Down deal

9. January 2010

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Part 1: The Three Keys to Every Profitable No-Money Down Deal Part 2: If You Can’t Get Your Money Back in 6 to 12 Months, Why Do the Deal? There are some sellers that you need [...]

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Part 2: If you Can’t Get ALL Your Money Back within 6 to 12 Months, Why Do the Deal?

5. January 2010

2 Comments

This is the second article in a series about no money down deals.  Something that is implied by the term “investor” is that you use money to make money.  The problem with this approach in real estate investing is that most people I know have finite amounts of money.  Hello!    If you put a 20% [...]

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