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 […]
Professional Investor Report: Four Key Characteristics of a Successful Real Estate Investor A.1. Establish Your Goals – In Writing Action Step: Clearly define short-term and long-term investment objectives. Why It Matters: Written goals serve as a constant reference point, ensuring focus and motivation. Implementation: Review and adjust goals quarterly to stay aligned with market conditions. […]
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 […]
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 […]
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 […]
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 […]
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.” […]
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 […]
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. […]
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/
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 […]
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 […]
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 […]
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 […]
Let us know if we can help your marketing!
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 […]
Unlock Your IRA’s Earning Power: A Guide to Wholesaling Real Estate When you think of a Self-Directed IRA (SDIRA), you might picture stocks or mutual funds. But what if you could use its tax-advantaged power for active real estate investing? The answer is yes—you can even execute wholesale deals entirely within your IRA. This strategy […]
Yes you can buy property in an IRA but it has to be a special IRA call the self-directed IRA that allows you to buy real estate. Ways to fund the transaction: Purchasing outright with your retirement account Partnering account money with another source Leveraging with non-recourse loan
Results 1 – 3 of about 3 for Hard Money Lender . (0.373 seconds) -Hard Money Brokers Hard money brokers are lenders who lend money based on the asset and not on the person borrowing the money. They are also called asset lender financing. Hard money is expensive money because it charges points and higher interest but it is easier than Traditional Bank financing. It […]
Banks can help you get loans and credit cards. It’s important to have a good credit rating and to help other people get a good credit rating. See our financing section for Real Estate Investors.
Buyers in real estate investing I. Acquisition Strategy Framework Control-Based Strategies (Minimal Cash Outlay) Lease Purchase/Option Control property with option fee vs. down payment Secure today’s price for future purchase Time to arrange financing while controlling asset Build equity through rent credits Subject-To Existing Financing Take over seller’s existing mortgage payments Acquire property “subject to” […]
What is a land contract? Land contracts have been involved with a way to finance property for over 200 years in the United States. They are still very common today in the Midwest. The history of land contracts came from selling land on installments. Every state has different laws as far as repossessing a property […]
Buying on a land contract When you buy on a land contract you put some money down, you make some payments over time and you have a balloon payment at the end. We use land contracts, contracts for deed, agreements for deed, they’re all the same thing everyday as one of our offers as a […]
Wrap A wrap means a wrap around mortgage. It’s called a wrap because it’s a type of seller financing where the seller agrees to create a brand new mortgage that wraps around the existing financing. The existing financing could be the first mortgage or first and second mortgage. You need to get permission from the […]
What is a short sale? A short sale is where you make an agreement with the bank to accept payment terms, many times are less than what is owed on the mortgage. How does a short sale with the bank affect my credit score? A short sale can have a significant impact on your credit […]
Selling Properties for Cash You can: Sell to another investor for cash Sell to a consumer buyer for cash Sell to an investor, seller carry, take a note for equity, and sell the note at a discount Understand some Tax issues: What the IRS says about Buying and Selling Properties – Dealer Status
Credit Rating Report: Understanding Credit Ratings Date: October 26, 2023 Prepared For: [Recipient Name, e.g., General Audience, Client] Prepared By: [Your Name/Department] Subject: An Overview of Credit Ratings, Their Sources, and Their Impact 1.0 Executive Summary A credit rating (or credit score) is a numerical representation of an individual’s creditworthiness, based on their credit history. It is a critical […]