Can I Sell My Note Right After I Create It?
Can I Sell My Note Right After I Create It? Reality Check on Simultaneous Closings by Note Queen May 15, 2008 Seller Financing, Selling Your Note The simultaneous closing is a little-known, but powerful strategy for getting real estate transactions closed in difficult markets. Wouldn’t you like the competitive edge if you’ve got property on the […]
Resource – REIA Real Estate Investor Associations
REIAs or Real Estate Investor Associations are a wonderful place to be if you are a brand new real estate investor or you are seasoned and been at it for a while. Now I will say this: there are some wonderfully run organizations and then there are some poorly run organizations. Most good ones will charge […]
Use 401(k) to Buy a Home
From Investopedia If you need cash for a down payment for a home, you might be wondering if you can use your 401(k) retirement plan funds. Typically, when you withdraw funds from a 401(k) before age 59½, you incur a 10% penalty. This rule also applies if you withdrawn funds from your 401(k) for the […]
Parents Helping Kids Buy a House
Make an intrafamily loan For many parents, gifting the money (or property) outright is not the best course of action, whether due to complicated family dynamics or because such a gift would push them over the lifetime gift and estate tax exemption. At the same time, a traditional mortgage may be undesirable or inaccessible for […]
Databases – Beginners Guide to Microsoft Access
What is a database? A database is a collection of information. Any form on a piece of paper that’s collected, name address phone number, creates a database. Access Beginner 1 The Absolute Beginners Guide to Microsoft Access S M L XL FS | Slo Reg Fast 2x | Bookmark Start Here! Access Beginner Level 1 is the perfect starting place for anyone who needs to learn the basics […]
Legal Case – Mobile Home Lease Option California
Legal Case Summaries Unlicensed Activity Results in Real Estate Licenses Being Revoked Unlicensed brokerage employee offered lease-to-own agreements and brokerage failed to maintain specialized mobile home license. July 15, 2024 Being a Broker, Risk Management, Lease-Option Purchases, Property Management, Rental Properties, Legal Takeaways Review state and local license requirements, especially if engaged in specialized practice. Consider implementing policies that ensure […]
Lease-Option Purchases NAR.Realtor
Lease-Option Purchases References Quick Takeaways “A lease option is a contract in which a landlord and tenant agree that, at the end of a specified period, the renter can buy the property at a specified price. The tenant pays an up-front option fee and an additional amount each month that goes toward the eventual down payment.” […]
Virtual Option to Purchase
I have done lease options for over 40 years and that’s a long time. I learned about options in general from the book “Nothing Down” with Robert G Allen. It was the mid-80s and interest rates were high and I learned a lot about seller financing and wraparound mortgages because the interest rates were so […]
Fannie Mae Originating and Underwriting Learning Center
Originating and Underwriting Learning Center Everything you need to know to assist in originating and underwriting loans for sale to Fannie Mae This Learning Center page provides resources and training on originating & underwriting loans, Fannie Mae’s underwriting applications, and best practices to help you get the most out of Fannie Mae mortgage products, the Selling […]
HomeAdvisor – Home Improvement – Select Your Home Improvement Category Below
Home > ProFinder > All CategoriesSearch All CategoriesSearchAdditions & RemodelsAdditionsBathroom RemodelBasement RemodelKitchen RemodelGarage RemodelSHOW MOREAir Conditioning & CoolingCentral Air Conditioning – InstallCentral Air Conditioning – Repair or ServiceFansSwamp Cooler – Install or ReplaceWindow A/C Unit – InstallSHOW MOREArchitects, Builders & EngineersArchitectsBuilders (New Home)EngineersGeneral ContractorsLand SurveyorSHOW MOREBathroom RemodelingBathroom Remodeling & DesignCabinets & CountertopsPainting & StainingPlumbingTileSHOW MORECarpentry […]
How I set my fees in lease purchase consulting
How I set my fees with least purchase consulting I’m going to presume that you want to be a lease purchase consultant and that’s all you want to do, If you’re in a state California or New York that has pretty strict regulations you might want to get licensed to sell or lease real estate. […]
FHA Mortgage Resources
To find an FHA license mortgage origination underwriter: https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist Standard mortgage application for borrowing money for an FHA mortgage https://singlefamily.fanniemae.com/delivering/uniform-mortgage-data-program/uniform-residential-loan-application NMLS NMLS Consumer Access https://mortgage.nationwidelicensingsystem.org/about/sitepages/NMLSConsumerAccess.aspx About the NMLS https://mortgage.nationwidelicensingsystem.org/about/SitePages/default.aspx CFPB Loan Origination https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/loan-origination-rule/ CFPB Ability to Repay https://www.consumerfinance.gov/rules-policy/final-rules/ability-to-pay-qualified-mortgage-rule/ CFPB Buying a House (for consumers) https://www.consumerfinance.gov/owning-a-home/
Security Deposits Allowed 50 States
Courtesy of www.Nolo.com State Laws on Security Deposit Limits More than half of the states put a limit on how much landlords can charge for a security deposit. By Ann O’Connell, Attorney ● UC Berkeley School of Law Updated 4/11/2024 Most states set a limit on the amount of security deposit landlords can charge. If your state has a […]
Find Your Glenn to be successful in Real Estate
Here is a personal story. I was in a bar, and I just lost my job. I am 56 now, but at the time I was 25, fresh out of the US Marines. The year was 1983. Interest rates were high, over 10%. At the bar was this smiling guy, and he said, “Who just […]
Making Money Consulting on lease purchases with both Home Sellers and Home Buyers!
Making Money Consulting on lease purchases with both Home Sellers and Home Buyers! I love the Consulting approach with lease purchasing as a business model. Sure wholesaling is okay but when you’re dealing with really pretty houses and great school districts it’s a lot more fun. It’s also a lot more fun to be a […]
Lease Option or Installment Sale; what is the Economic Reality of your Transaction?
Hello everybody and welcome to this particular post about lease options with commercial property. With the advent of problems in the commercial real estate field, people having a hard time buying and selling and getting financing, I find that this article was very helpful in positioning yourself as a lease purchase consultant. If you are […]
7 Common Direct Mail Mistakes
Direct mail should be an integral part of your marketing strategy. We’ve found that spending a good amount of money on direct mail can yield a huge ROI. If executed well, direct mailings are often the most effective piece of your marketing campaigns. However, direct mail campaigns can be expensive and a total waste of money if […]
5 Chief Mistakes Investors Make When Choosing A Coach in REI
5 Chief Mistakes Investors Make When Choosing A Coach in REI Every successful person we know has a coach. Robert Allen had Steve Covey. Bill Gates has Warren Buffet. Michael Jordan had Dean Smith and Phil Jackson. A great coach can take an average person and make him a superstar. A mentor can give you […]
Lease Option Pitfall Number 5
Lease Option Pitfall Number 5 Now this is a very important Pitfall to avoid. You need to make money in this business or don’t do it. You can’t afford mistakes. This is a big one. In our paperwork, we have a weasel Clause that says if we don’t get a tenant buyer that’s suitable, the […]
Lease Option Pitfall Number 2
Lease Option Pitfall Number 2 Not getting a proper title search against the property is Pitfall number two. This has happened to me with one of my students. We did a title search and it said the title was in the name of one person, the occupant. This man wanted to do a lease purchase […]
Lease Option Pitfall Number 1
Lease Option Pitfall Number 1 For people that are new to least with option, you can either do a two ways, the first way is to be in the middle or a sandwich lease option, where you are lease optioning from the seller, and then subleasing and sub option to a tenant. Now the first […]
Marketing for Motivated Sellers – Print Pieces
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Contacts for Real Estate Investing
One of the things that Real Estate Investors really need is a good contact team. I was very lucky when I started because I work for a very experienced real estate investor. His name was Glenn. He’d been working in real estate investing for 40 years. He was in his 60s. I got a job […]
Lease Option Pitfall Number 3
Lease Option Pitfall Number 3 Protecting the seller from getting sued and getting a lien or a judgment with this particular property is it important part of dealing with least options. When we place a property into a Land Trust, it turns a public real estate investment into a private real estate investment. If somebody […]
Lease Option Pitfall Number 4
Lease Option Pitfall Number 4 Not using a loan servicer so that your payment goes directly to paying the mortgage company PITI. So the solution to making sure that the loan stays current and the seller owner of the property does not neglect to pay the mortgage on time, we use a loan servicer. These […]
–Buy and Hold In Your IRA
SDIRA Buy and Hold Real Estate Guide The Step-by-Step Process: Establish a Self-Directed IRA: This is the first step. Not all custodians allow this. You need a specialized SDIRA custodian (like Equity Trust, Advanta, or others) that handles “alternative assets” like real estate. Fund the SDIRA: You transfer or roll over funds from a traditional IRA, 401(k), […]
–Opening up a IRA for Real Estate Investments
Can you open up an IRA for Real Estate Investments? Sure you can . The first step is do you have any current IRAs right now? If you do we can use that money to create a self-directed IRA. If you don’t even have one Ira we can start a brand new one. It’s important […]
–Retailing in IRA
Retailing means buying a property, fixing it up, and selling it to a retail buyer that gets usually a FHA or consumer mortgage. So if you’re going to buy fix and resell to a retail buyer with your IRA, and use IRA funds to buy and to repair, Make sure that you have enough money […]