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All-Inclusive Trust Deeds (AITDs) An All-Inclusive Trust Deed (AITD), also known as a wraparound mortgage or overriding mortgage, is a flexible debt instrument and security device used in real estate transactions, particularly when traditional financing is scarce or credit markets are tight. The AITD is a form of seller carryback financing where the seller acts […]
Trust Deeds – California deeds, alternative financing, and related processes in real estate finance. This report Primarily focus on three major areas: the essential nature and legal framework of trust deeds; the mechanics, advantages, and risks associated with All-Inclusive Trust Deeds (AITDs) and loan takeovers; and the specific provisions governing processes like impound accounts, assignment […]
Comprehensive Report: Asset Protection Strategies for Real Estate Investors Sources: www.REISkills.com, American Bar Association (ABA) Resources Subject: A Guide to Legal Entities, Estate Planning (FLPs), and Advanced Creditor Shielding Strategies 1.0 Executive Summary This report consolidates key asset protection strategies for real estate investors and business owners. Effective planning involves a multi-layered approach: using the correct legal […]
Executive Summary This document synthesizes key principles for forming, maintaining, and protecting a small business corporation, The central argument is that a corporation, while offering significant liability protection and tax advantages, requires diligent adherence to corporate formalities to be effective. Merely filing incorporation documents is insufficient; ongoing maintenance is critical to creating a “bulletproof” entity […]
Why is a multi member llc better than a single member llc? That is an excellent and insightful question, as the difference between a multi-member LLC (MMLLC) and a single-member LLC (SMLLC) often comes down to crucial distinctions in both asset protection and tax flexibility. Drawing on the provided sources, here is a comprehensive breakdown […]
Introduction: Why an LLC is Your Business’s Best Friend Welcome to your straightforward guide to creating and managing a Limited Liability Company (LLC). This document is designed to give first-time business owners a clear path to follow. An LLC is a hybrid business structure that blends the advantages of a corporation with the simplicity of […]
NOTICE OF TRUSTEE’S SALE, which is the final legal notice in the California non-judicial foreclosure process. Here’s what it’s used for: Primary Purpose This document formally announces that a foreclosed property will be sold at a public auction to the highest bidder. It represents the last major step before the property is actually sold. When This Form […]
Form – Substitution of Trustee and Reconveyance Substitution of Trustee and Reconveyance, is used in a very specific and positive situation in California real estate. It serves two important functions simultaneously: Primary Purpose This form is used when a property owner has fully paid off their mortgage or deed of trust, and the lender needs to both […]
Notice of Default with Substitution of Trustee, which is used in California to formally initiate the non-judicial foreclosure process on a property. Here’s when and how it’s used: When This Form Is Used This form is used when: A homeowner (Trustor) has defaulted on their mortgage loan The lender (Beneficiary) wants to begin foreclosure proceedings […]
Form – Substitution of Trustee Substitution of Trustee, a legal document used exclusively in states that use a deed of trust for real estate loans (like California, Texas, and others). It is a critical document in the foreclosure process. Here is a clear breakdown of its purpose and function: Primary Purpose The sole purpose of a Substitution […]
Trustor’s Offset Statement (Sale or Assignment of Note Secured By Deed of Trust) TRUSTOR’S OFFSET STATEMENT, is a critical document used in real estate finance, primarily in California, during the sale or assignment of a promissory note that is secured by a deed of trust. Here’s a breakdown of its purpose, how it’s used, and […]
Origin of IDEAL Real Estate Acronym Where did IDEAL acronym originate regarding real estate investment? Of course. This is an excellent question, as the IDEAL acronym is now ubiquitous in real estate investing, but its origins are somewhat murky. The short answer is that the acronym IDEAL did not originate from a single, identifiable source like […]
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Minimum Criteria Checklist formatted in a table suitable for a Microsoft Word document. Minimum Criteria Checklist for Lease with Option to Buy House Address: ________________________ Applicant’s Name: ____________________________ Part 1: Automatic Rejection Criteria Applicant will be automatically rejected if ANY of the following are present. ✅ Criteria ☐ Applicant’s total gross household income is less than 3x the monthly […]
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Unlock Deals Everyone Else Misses: The Ultimate Guide to Seller Financing & Lease Options Brought to you by Brian Gibbons | www.REISkills.com Training Module: Creative Financing Mastery Introduction: It’s Not About Price, It’s About TERMS Forget competing with every other investor for the cheapest price. The most powerful deals are found not in the discount, but […]
Strategies Links Strategies in Real Estate Investments Hub Strategies REI Hub Strategy Agreement for Deed Strategy Bond For Deed Strategy Contract for Beneficial Interest plus Lease Strategy Contract for Deed Strategy Contract For Option plus Lease Strategy Fixers Financing Model Strategy Flipping Strategy Help Your Kids Buy a House and Get Tax Breaks Strategy Installment […]
IRS Rules on Short- vs. Long-Term Capital Gains Tax Question: When Selling for cash investment properties, what does the IRS say about buying and selling properties under 12 months ownership vs holding for greater than 12 months ownership? This is a fundamental concept in real estate taxation, and the IRS treats these two holding periods […]
This is a fundamental and powerful concept in real estate investing. What is an Option to Purchase? An Option to Purchase (or a “Purchase Option”) in real estate is a contractual agreement that gives an investor (the “Option Holder”) the right, but not the obligation, to buy a specific property at a predetermined price within a set period […]
FAQ FAQ 1 – How much does it cost for the REISkills.Academy? (October 12, 2024) FAQ Advanced Options (February 12, 2025) FAQ Agent Business Plan (December 25, 2024) FAQ Agent Fiduciary and General Duty (January 24, 2025) FAQ Agreements (December 24, 2024) FAQ AITD All Inclusive Trust Deed (January 20, 2025) FAQ Apartments (October 24, 2024) FAQ Buy Without Cash Or Credit (December […]
Here are comprehensive objection handler scripts for both motivated sellers and cash buyers, designed to build trust and move the conversation forward. Objection Handler Script: Motivated Sellers Goal: Listen, empathize, reframe, and provide a solution. Objection 1: “I have a real estate agent.” / “I’m planning to list.” Response: “That’s a great option if you have […]
Script – Cash Buyer Phone Script for Wholesaling Goal of the Call: To qualify the investor, add them to your buyer list, and/or present a specific property. Pre-Call Preparation: Have the Property Details Sheet ready (if calling about a specific deal). Have your Cash Buyer Spreadsheet/CRM open to log their criteria. Be ready to text or email information immediately. The […]
Research Report: A Guide to Private Placements in Self-Directed IRAs Disclaimer: This report is for educational purposes only and is not financial, legal, or tax advice. Investors must conduct their own due diligence and consult with qualified professionals before investing. Private placements are high-risk investments and may be illiquid. Executive Summary Private Placements have been a […]
Create Subtle Pressure (Push) and Softening (Pull) in Your Real Estate Seller Negotiating Sessions In the context of negotiating a home sale, “push-pull” refers to a dynamic where the buyer and seller both exert pressure to gain an advantage. Rather than being an aggressive, win-lose approach, it is a strategic back-and-forth process of trading concessions […]
Why Creating Rapport is So Important Establishing rapport is the foundational first step in any Seller Negotiation. This step is crucial because it transforms the seller’s perception of the investor and lays the necessary groundwork for a successful, high-quality business transaction. In its simplest form, rapport is defined as a connection of friendship between two […]
45 Famous Real Estate Quotes to Inspire and Motivate You Success in real estate isn’t just about market knowledge or hard work—it’s about mindset. The right words, spoken at the right time, have the power to shift perspectives, reignite motivation, and remind us why we chose this path in the first place. Whether you’re navigating […]
Forget Annuities? How Managed Payout Funds Offer a Simpler Path to Retirement Income Introduction: The Retirement Income Puzzle For decades, retirees have faced the same daunting challenge: how to transform a lifetime of savings into a reliable stream of income that will last for the rest of their lives. This transition from a nest egg […]
The Dodd-Frank Wall Street Reform and Consumer Protection Act introduced the Ability-to-Repay (ATR) rule to ensure that lenders make responsible mortgage lending decisions. Here’s a brief overview: Ability-to-Repay (ATR) Rule Purpose: Requires lenders to make a reasonable, good faith determination that a borrower has the ability to repay their mortgage. Qualified Mortgages (QM): Loans that […]