20th June 2006
Everyone who has ever dealt in the shark infested waters of foreclosure and pre-foreclosure investing knows this is not no money down real estate. The "Big Profit" "Big Trouble" world of foreclosure real estate is dominated by the "Big Sharks," actuality,...
18th June 2006
I was having lunch last week with a friend he'd just told me about taking his seven-year-old son golfing the day before and with a proud grin he talked of the boy getting his first "birdie." Then we went back to discussing one of my books. It was after a...
18th June 2006
When I was in high school 1962/1966 we finished school at age 17 to 18. It would be another 3 to 4 years until most reached the "age of majority" and were legally adults able to enter contracts by our selves.
My best friend Bing and I spent the next tw...
12th June 2006
One of the nicer things about getting older is a lot of my friends are retiring or are semi-retired. They now have time to participate in some of the things that my career in real estate allows. Case in point, I have a friend who regularly goes yard salei...
15th March 2006
In the last month My wife and I went to a so called "Seminar" really a sales presentation for Donald Thump. I went alone to Robert Allens'. My friend Bob Martel went with me to a Carlton Sheets presention a few days ago. I go to hear what the competition ...
15th March 2006
I was 21 and out of the service just ten days when I went to work for a small loan company, a week later I was making loan decisions affecting peoples lives. Just two weeks more and I was in the field making collection decisions that could literally destr...
15th March 2006
I write about and teach real estate investing in distressed properties, opportunity properties, yet I keep hearing about people who knew someone in trouble that didn't act to help. All to often they did nothing because they didn't believe the property ha...
15th March 2006
When I write about real estate, I have my son Eric, a mortgage broker, he grew up in real estate and my wife Brenda, world's most tolerant spouse, she's lived thru 35 years of my 36 years in lending and real estate, to proofread my work for content. I hav...
15th March 2006
In part 1 of "A Consumers Guide To Lease Options" I did my best to discourage your use of this tool. Lease options are in deed very useful if done right.
Some of you may want to use a lease option properly, so here are some guide lines.
1. Start wit...
15th November 2005
My son's friend Ty (they met in high school) returned form the Navy partially disabled from time on a aircraft carrier. Even more surprising was he came home with a wife! Together these two set about surviving. Doing what young couples do, eventually al...
01st November 2005
This is the first of two articles on purchasing and selling single family homes with lease-options. We're going to examine buying on a lease-option, selling on a lease-option, and in article # 2 how to successfully buy and sell on a lease option.
Lease...
29th October 2005
Kick backs, hidden cost, back points, HUD (Housing and Urban Development)
calls it "Yield Spread Premium" (YSP), money paid by the a lender to mortgage brokers outside of closing. Money paid by the lender to the broker because you got a higher mortgage ...
29th October 2005
For more than thirty years I've been writing sales agreements, offer and acceptances, purchase agreements, mini-offers, and options unlike anything I ever seen except some used by my students. My two unique offers are "My Formula Offer" which is now obsol...
29th October 2005
Saturday morning I woke up alone. Slowly before opening my eyes I began to stretch. Taking inventory as I moved one limb at a time, yes, all the usual aches and pains were still there. I don't know whether I felt or heard it, but there was a major thump o...
29th October 2005
Five quick attention getting rules for new and experienced real estate investors! All to any of us have forgotten the wisdom of our grandfathers, or discounted it as from simpler times. This short article will not teach you real estate investing, but it w...
