As a mortgage loan consultant, I have learned to capture my investors’ attention by announcing that I used to be able to get them a 100% loan for a non-owner occupied property. When that was true, I tried to explain to them that 100% financing may not be the best financial structure for cash flow. The thought of getting into a property with no money down is very enticing and there are many ways to Read More
Is seller financing dead because of Dodd Frank? Do you now have to be a licensed mortgage loan office to seller finance a property? Can you finance more than 3 properties as an investor? Many real estate investors think that the regulation called Dodd Frank which takes effect January 10th, 2014 will eliminate seller financing as we know it. I have been researching this and found a very knowledgeable attorney named Clint Coons from Read More
The ultimate objective for a Filthy Riches student is to hold onto your note after buying and then reselling a piece of property. After all, the real money starts to come in on the second year of the note, and you keep making money throughout its duration without any additional investment on that property. Consider this. You find a $30,000 dog with fleas home that just won’t move in this real estate market. Believe it Read More
So, you’ve located your property and now you have it under contract. Now it’s time to start marketing that property to find a potential buyer. I’m going to walk you through some of the ways that I’ve found to market my properties. Before you do anything else, have some signs made up to put in the windows of your homes. Most of your sales are likely to come from people driving around to see what’s available Read More
Here’s one of the houses our Inner Circle students had a chance to tour on our bus tour yesterday. It’s already sold! For more information about our Inner Circle go to LarrysInnerCircle.com or call 803-831-2858.
Let’s assume that you’ve already found the property that you want, made the purchase and marketed it to sell. It’s time to go over how to work with potential buyers in order to find the best match for your property. Obviously, many people who contact you are doing so because of the financial incentives of having a low down payment and a small monthly payment. This means that you are going to have to wade Read More
Everybody has driven by a house that has been on the market for what may seem like years. You know the house: there might be a broken window here or there, the grass hasn’t seen a lawnmower for the last few summers, and the property overall has the look of negligence. It might seem ironic, but this is the dog with fleas property that Filthy Riches has based its success upon. We all know in Read More
The Filthy Riches Program was designed with the specific goal of walking you through the steps of earning money on inexpensive properties. But, even when you follow it step by step, you need to be mindful of setting realistic goals. Setting Realistic Goals for Your Business [blockquote align=”left” author=”Tony Robbins”]Setting goals is the first step in turning the invisible into the visible.[/blockquote] Setting realistic goals is just as much a stepping stone to your success Read More
In honor of Halloween, we hosted our first ever Costume Contest in the office. Many of our associates participated and everyone looked great! Our winner, Korn, is shown in the first picture below. Take a look at some of the costumes around the office today!
Is real estate investing for me? There are many TV shows that show investors making a ton of money flipping houses and it all looks like fun and games but “Should You Flip This House”. In fact that is the title of a recent audio training that Larry Goins just recorded. It reveals the good the bad and the ugly of house flipping. And it is not always “as seen on TV”. There are risks Read More