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Is Advertising for Private Money Legal?

28. February 2010

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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

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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

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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

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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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Part 1: Three Keys to Every Profitable No Money Down Deal

5. January 2010

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My first exposure to real estate investing came almost 15 years ago from a “No Money Down” course.  At the time, I thought it was the best thing since sliced bread.    The most important thing that course did for me was to open my mind to the possibilities of what real estate could do for [...]

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

24. December 2009

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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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