An Auto responder is just what it sounds like. Its software that automatically responds to e-mail that is sent to you or sent out when someone goes into your database. It can be set up as a single email response or multiple responses delivered at various intervals. The neat thing is it’s all automatic once you set it up. You can set up a response to an inquiry from your website or set up a Read More
This real estate investing thing can get pretty mind-boggling. Where do I start or if I have already started, where do I go from here. Do I go for a lease option, subject to, rehab, wholesale, long term rental, retail, etc? Then how do I fund the thing? Do I look for seller financing, hard money, private money, bank line of credit, relatives or partners (that’s a scary one), or just pay cash. Then you Read More
Has everyone heard about the three most important things in real estate investing? I think we all have. The first thing you hear when starting out is “location, location, location”! This is good to know especially if you are buying for long-term appreciation or you are looking for higher end or nice properties that you can lease option to tenant buyers or retail for cash. I want to share with you what I feel are Read More
Investing in real estate for the long term requires credit, unless you can pay all cash. Even if you could, there would come a time that the money would run out. Even the wealthiest and most sophisticated investors use credit. The better your credit score the better the rate, terms and higher loan to value (ltv) you can qualify for. With rates as low as they are you should be buying as many properties as Read More
Everyone has different levels of comfort in organizing their lives and each person has special tricks they use to keep themselves organized. I get to experience all the unique ways people “organize” their real estate files when they give me the opportunity to do their loans. Most mortgage brokers are thrilled at the thought of doing loans for people who own a number of properties and I am one of those mortgage brokers. I also Read More
I went to a continuing education class in South Carolina and the topic was Mortgage Fraud. Having taught mortgage fraud I thought that it was going to be pretty much the same old thing. Sure a lot of what they taught I already knew but I not only learned a few new things but it was also good to be reminded of a lot of things that you can forget about. I have talked to Read More
You are a new investor or maybe a seasoned one who just happens to really like this house. It is in a great neighborhood. The comps show that 2 years ago, this house sold for well above the tax value. Maybe the area is in the part of town that is historical and turning around like crazy. Sure, it needs a lot of work, but you will lose this deal if you don’t take it Read More
As I travel all over the country teaching real estate investors how to automate their business one of the questions I get asked the most is “how do I get my real estate business online like you”? Well that’s a great question and one that can easily be solved but lets think about this for a minute. What exactly do you mean by getting your real estate business online? Well, you can have a website Read More
Let’s take a look at the different types of leads you can you find at the Court House. Number 1: Divorce. You look for same last names of male and female in the Book of Civil Lawsuit in the Circuit Court. Now chances are, if they are going through a divorce, if they have real property, they are going to sell it. What you may want to do is either call or send out a Read More
Are you looking at prospective properties through rose-colored glasses? Functionally obsolete sounds like some sort of neurological problem. It can turn out to be a very dysfunctional financial problem. Properties can be dysfunctional if the layout of the house is odd, maybe you must walk through a bedroom to get to the bathroom. The house may have two front doors, 2 kitchens, or perhaps you must walk through a bedroom to get to the next Read More