Escaping the 9 to 5Just about everyone I know, has a “JOB” when they decide to invest in real estate. After giving it a try, most folks will decide before too long if real estate is for them or not. I have found that people either like it or they don’t. Let’s face it, succeeding in real estate takes a lot of hard work so you really need to like it to stick with it.Do You Want To Escape or Keep Your Job?After a while these same folks either decide to keep the security of their job and … [Read more...]
Mortgage Notes – A Hard “Land-ing”
January 25, 2012 By Leave a Comment
Mortgage Notes – A Hard “Land-ing”Yesterday, a guy called me wanting to sell his mortgage on a small piece of land located in a desolate area, far from any population centers. The parcel had access to water (from a well) but no other improvements. He purchased the property last summer for $60K and had just sold it for $110K. Of course, he wanted us to pay him the full note balance.Where do we even start with this real estate note? It has so many problems and red flags that no … [Read more...]
Lessons Learned From Hard Times
December 20, 2011 By Leave a Comment
The first lessons I learned from hard times I faced as a real estate investment brokerage owner began in late 1979. It was akin to enjoying a lazy float down the river on a warm summer day, beer in hand, only to suddenly find yourself in the spin cycle of a rapids you never knew was there. I’ve had buddies, years later, describe the early-mid 1980′s as what used to be known as an ‘E-Ticket Ride’. Back in the day, the best rides at Disneyland, http://www.disney.com, required an … [Read more...]
Closing A Real Estate Deal with an Out of State Seller
November 7, 2011 By Leave a Comment
Closing a Real Estate Deal with an Out of State Seller.I have noticed that a lot of times brand new real estate investors find it hard to understand how to close a deal with an out of state seller. The procedure is actually quite simple once you understand it. I have been working with absentee owners for just about 4 years now, and I can tell you that it generally is pretty easy.When you have found an absentee owner that is a motivated seller they usually are very cooperative in getting the deal … [Read more...]
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