Appraisal
Come and Doing the homework
Tuesday, June 10th, 2008marketing, work, value, electronics, appliance, Subscriptions, big and tall, adult
Give your buyer a little hint: Real Estate Buyer Motivation
Friday, June 6th, 2008power-tool, real-estate, home loan, home improvement, home
Walk Through the House
Sunday, February 10th, 2008Check for warped doors, doors that won’t close easily or at all, loose doorknobs, creaking floors or stairs, loose tiles, poor plumbing and any resultant water damage, and too many electrical cords plugged into a single outlet. These can be clear signals of sloppy maintenance or even negligence on the part of the owner and/or [...]
Begin with Senior Loan Officers
Saturday, February 2nd, 2008Your first call will be to a senior banking official in the loan department. During the loan application process, you will begin working your way down the corporate ladder to deal with the people who do the actual legwork.
The loan officer will send you a loan package. You’ll be required to complete all the forms, [...]
Methods of Using Leases To Acquire And Finance Real Estate (7-12)
Sunday, December 9th, 20071. PACKAGE THE LEASES AND SELL OUT
This approach is designed to give you a rapid turnover of capital by packaging the entire project (including leases, financing, land, plans, and the construction contract). Virtually all of this is done on paper, with a minimum of out-of-pocket expenses. The cash comes when the package is sold to [...]
Methods of Using Leases To Acquire And Finance Real Estate (1-3)
Sunday, December 9th, 2007Land may be the backbone of real estate, but leasing is the muscle. Real estate starts with land and becomes a business with a lease. Land is a store of value. Leasing is a method of extracting the stored value.
It’s the use of real estate that produces income. By definition, when you’re working with the [...]
Thirty-two Techniques For Acquiring Real Estate When You Don’t Have Cash (20-21)
Monday, December 3rd, 20071. ACQUIRE WITH A FIRST AND SECOND THEN SELL THE FIRST FOR CASH
If you are negotiating the acquisition of free and clear property and the seller wants more cash than you have, here’s a method of supplying it.
First mortgages are more easily sold, and sold at less of a discount, than second paper. In this [...]
Thirty-two Techniques for Acquiring Real Estate When You Don’t Have Cash (13-16)
Monday, December 3rd, 20071. THE NOTE PARTNERSHIP
Several small notes signed by a number of individuals can be better security than one large note signed by one person. Ten $9,000 notes from different people, each having a net worth of $90,000, is sounder security than a’note from one person with a net worth equal to the face value of [...]
Thirty-two Techniques For Acquiring Real Estate When You Don’t Have Cash (1-3)
Sunday, December 2nd, 20071. MORTGAGE OUT
Mortgaging out is probably the most sought-after objective of builder-developers. Meeting this increasingly elusive objective requires a combination of cost control and solid income tenants. Developers have found mortgaging out increasingly difficult as land and construction costs have increased. However, rents have also climbed, so with a shrewd approach you can still build [...]
How To Minimize Risk And Maximize Profit
Tuesday, November 27th, 2007There is really only one question that should govern the decision to acquire a particular real estate investment: What is the probability of earning a certain profit in a given time period?
All the details of analysis and market research work toward accurately answering this question. Of course, there are many [...]
Partners – A Good Thing or a Bad Idea
Saturday, November 24th, 2007At MC Companies my partner, Ross, and I have been together since almost day one. His skills and my skills dovetail perfectly. He handles the construction and development and I handle the management and operations. We both handle acquisitions and together we each bring to the deal our own [...]
Real World Example of My Property Investing
Wednesday, November 14th, 2007My partner and I recently purchased a 182-unit property located in Sun City, Arizona, an age-restricted fifty-five-and-older community. It was constructed in 1996 and was in excellent condition. The ownership was based in New York City and this was their only property in Arizona. After running the numbers we calculated that [...]
