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 [...]
Continue reading...24. December 2009
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 [...]
Continue reading...17. December 2009
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 [...]
Continue reading...13. November 2009
It seems that just about every investor I talk to is looking for more money. Here’s a question that came up… Question: “I want to buy a property, but I can’t get the money. What do you do when the banks won’t lend you money, and you don’t have cash to work with?” Answer: [...]
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...23. October 2009
Question: "I am trying to sell three houses for cash. But I’m also looking into selling it on owner financing or put it on a lease option. I know that if I lower the cash price, I would be able to get rid of the property but I’ll just end up breaking even. [...]
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5. January 2010
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