2010: Are You Setting the Right Goals for Yourself?

One of my favorite things about December-January is that it’s a time that I take to look back at the prior year and to set myself up for another great year.  I think there are really three levels of goal setting that go on this time of year. The first level, the lowest level (other than just [...]

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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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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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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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How to find deals to Flip for Quick Cash

How to Find Deals to Flip for Quick Cash Have you ever been fishing when the fish just weren’t biting? During those times, it doesn’t matter what you are using for bait. When they are biting, they will bite on just about anything. Finding deals to do a wholesale flip is just like [...]

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How to handle a Closing for a Wholesale Flip

Question: “What’s the best way to handle the closing for a wholesale flip?” Answer: “The short answer is to let the title company handle it. Your job as a real estate investor is to find the deal, get it under contract, and then get the property sold. Focus on finding deals and getting [...]

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