06th July 2009
The real answer is ‘it depends’. It depends on the situation and the parties involved in the transaction. Let’s talk about it from the Seller’s perspective and the Buyer’s perspective. We’ll also talk about the investor’s perspective in each...
22nd June 2009
The fact is that you make your money when you buy (you realize that money when you sell). If you buy it for too much, then you will lose money – it is a simple as that.
So what is the right price? For rehabbing, there are several formulas out there...
22nd June 2009
There are those who say that ‘flipping’ doesn’t work in this market. First we need to make sure we are talking about the same thing – ‘flipping’ to me is buying a property, doing something to increase its value, and selling it for a profit. ...
18th June 2009
There are 4 components of finances: assets, liabilities, income and expenses. Everything in your financial world falls under these 4 categories. Each of these categories is further divided into accounts – each of which is just a way of tracking certa...
18th June 2009
The hunt is on. You are in front a house that you may want to buy. Do you have everything you need?
Here is my recommended list for what you should have with you.
* Map or GPS Unit – to find the property
* Something to record notes. This can b...
18th June 2009
When you are putting together a short sale package, here are the essential pieces to the package:
* Authorization to Release – This gives the lender permission from the borrower to talk to you.
* Hardship Letter – This is a letter from the borro...
15th June 2009
What is a Land Trust?
A Land Trust is an instrument used to separate ownership of property into two parts – control and benefits. There are generally three parties (sometimes 4 – which I will talk about later) which are described by the Trust – ...
