Should a beginning investor buy a multi-unit property?

Question: “What is your feeling about multiplexes for someone just starting out? Answer: “I think for people that are starting out in general, I would recommend single family homes. The advantage of multi-unit properties is you can hopefully buy it for less money per unit than you would have to pay for a [...]

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Are you a Lemming?

Do you remember this TV advertisement for the Apple Macintosh from 1985? In the advertisement, it shows people stepping off a cliff like lemmings. One of the great advertisements of all time. Have you ever felt like one of those guys stepping off the cliff when it comes to investing? Just about every time [...]

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What do you do when the banks won’t lend you money?

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: [...]

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Is the better to set up an LLC or Corporation when setting up Your Real Estate Business?

Question from a beginning real estate investor: “I was wondering if you can tell me the difference between when you do you start your business between putting in like incorporation or putting in a LLC?” Robert Elder Answers: “My recommendation is that you own your properties in a LLC which is a Limited Liability [...]

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The Three Steps to Getting Private Money

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 [...]

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Have you seen this type of TENANT FRAUD?

Question: “This gentelmen has sent me a couple of e-mails. I am sending it to you to get your opinion. It just gives me a funny feeling. This is about the house we will have to rent here soon. My wife posted the house for rent on craigs list.” Here is the email he got [...]

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Using Other Real Estate Investors to Find Great Deals

Other real estate investors can be a fantastic resource for finding real estate deals. The concept is simple – you talk to other real estate investors to find a house they are going to flip to you to make a quick profit. For example, let’s say another real estate investor, Joe, has a [...]

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