The University of Central Florida's Real Estate School asked me to give a lecture on how to buy real estate without cash or credit. Say what you will about academia providing real world applicable up-to-date education, as for UCF and their real estate department, they are as real world focused and up-to-date as you'll find in higher education. Did you know that UCF is also one of the largest universities in the United States? UCF is a huge institution. So, of course, it was an honor and a … [Read more...]
So you want to Buy Real Estate with an IRA
February 19, 2012 By Leave a Comment
So you want to Buy Real Estate with an IRA?I recently attended a Webinar dealing with the IRS which covered whether or not your IRA is operating as a true IRA providing you protection, and the advantages that come when dealing with the IRS. Before I go any further, I want to make sure and point out that a majority of these Webinars – this one included – were all about inducing fear so that the listeners rush right to a registration page to sign up for counseling and immediately get money … [Read more...]
How to Buy Real Estate after a Strategic Default
January 28, 2012 By Leave a Comment
How to Buy Real Estate after a Strategic DefaultA patent attorney. A certified public accountant. A physical therapist. A Realtor. A retired utility company worker. A mechanical engineer. A doctor. A nurse practitioner. An elementary school psychologist.These are just a handful of people I know that have strategically defaulted on an underwater mortgage.While their backgrounds and occupations are diverse, all are honest, hardworking and well educated. Each of them, up until they … [Read more...]
Being a Great Landlord
January 11, 2012 By Leave a Comment
When I started buying real estate in the early 2000’s, I knew absolutely nothing about being agreat landlord. I had no idea about local laws or local codes and even less about actually being a good and responsible landlord. What I had done, and this is where the danger started, was read half of a book I picked up at the local library on how to be a property manager. I had attended several local REIA meetings and even hooked up with one local real estate investor that talked a great … [Read more...]
Being a Great Landlord
January 11, 2012 By Leave a Comment
When I started buying real estate in the early 2000’s, I knew absolutely nothing about being a great landlord. I had no idea about local laws or local codes and even less about actually being a good and responsible landlord. What I had done, and this is where the danger started, was read half of a book I picked up at the local library on how to be a property manager. I had attended several local REIA meetings and even hooked up with one local real estate investor that talked a great … [Read more...]
The Secret to Real Estate Investing Success
January 5, 2012 By Leave a Comment
I am about to reveal to you the secret to real estate investing, so pay close attention.I have two offices. One is located in a modest single-level building in downtown Gilbert, Arizona. The other has four wheels and smells like breathe mints (my daughter loves those things). Whether I’m at my desk or behind the wheel of my car you can bet I’m listening to local sports radio.This week, in between talk of the future of the Arizona Cardinals and the lousy Phoenix Suns basketball team, I … [Read more...]
Real Estate Investors Must Master This Skill
April 21, 2011 By Leave a Comment
Real Estate Investors must master a number of skills in order to be successful. While riding my bike on the beach with my daughter yesterday, I thought of a simple, easy and powerful way for all real estate investors to sharpen one particular skill that must be mastered if they ever want to have lasting success. Once mastered, this skill could be the key real estate investors have been longing for to unlock vast amounts of wealth from real estate. And that skill is...(drum roll) "How … [Read more...]
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The Convoluted World Of Real Estate Handouts
The Convoluted World Of Real Estate HandoutsTwo weeks ago, we found our company in a position that, somehow, we had not dealt with in our years of buying real estate in Memphis and Dallas. After having completed close to 800 transactions in the last 3 years, last week was the first time we had run into a closing where the seller used a government program to assist in the sale of the home. Not only was a government program used, but the bank involved in the loan got into the act as well and … [Read more...]