Beginning Real Estate Investing
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Do you want to quit your stinkin' day job and invest in real estate?
I thought that's what you'd say!
Listen... there's a ton of free and inexpensive info on the internet, and lots of people who can help you get where you want to go. I'm one of 'em!
Check out my links, read the articles, surf around, and check back often for updates, ok?
Send me YOUR article. If I like it, or I think others will, I'll put it on the page!
And remember... sometimes it's OK to be a pig.
Blessings,
Tom Dunn
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Edmonton Apartments For Rent
Rent Spot is the home for Edmonton Rental Listings more...4 points
Rent Ottawa
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Calgary Apartments For Rent
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Rent Halifax Apartments For Rent
Rent Halifax Apartments For Rent faster and easier more...2 points
Rent Edmonton
Rent Edmonton Apartments For Rent faster and easie more...2 points
Self-directed IRA, Real Estate IRA at The Entrust Group: Leader in self directed IRA accounts
Self-directed IRAs, Real Estate IRAs - Unlock reti more...1 point
Wise Women Investor
Learn how to take advantage of the real estate mar more...1 point
Property Management
LETCO Real Estate Management, rentals and commerci more...1 point
Vancouver Apartments for Rent
Rent Spot is the home for Vancouver Rental Listing more...1 point
Homes For Sale in Denver Colorado
The Denver area has thousands of homes for sale of more...1 point
Memphis Real Estate Investments with Poplar Realtors as your Buyers Agent
Real estate company that offers 20% plus returns i more...1 point
How Does Real Estate Investing Work?
Hey, this IS my site after all. I'm sort of biased more...0 points
DealFiles Success! — Real Estate Investing Success Is Within Your Grasp.
Real Estate Investing Success Is Within Your Grasp more...0 points
Real Estate Investing at FlippingHomes.com
Founded by Steve Cook, Flipping Homes is an educat more...0 points
Fixer Uppers and Rental Houses
A guide on buying fixer-upper properties and renti more...0 points
chapel hill homes
Chapel Hill Real Estate Secrets0 points
Gold Mining Stock
Gold mining stock. Research and share information more...0 points
Edmonton Apartments For Rent | Edmonton Homes For Rent | Edmonton Rentals - RentFaster.ca
RentFaster.ca is the ultimate way to locate Edmont more...0 points
Calgary Apartments For Rent | Calgary Rentals | Edmonton Apartments For Rent | Edmonton Rentals - RentFaster.ca
Calgary apartments for rent and Edmonton apartment more...0 points
Real Estate Options
Learn how real estate options can earn you more pr more...0 points
Medical Outsourcing Services
Medical outsourcing services supply obtained reput more...0 points
Books For Beginning Investors
A Selection of books for real estate investors... vote on your favorites and add more. Together, let's make this a great resource for real estate investing success!
Fix 'em Up, Rent 'em Out: How to Start Your Own House Fix-up & Rental Business in Your Spare Time; or, Investing in Real Estate and Creating Wealth with Fixer-Upper Houses by Terry W. Sprouse
This book describes how to get started repairing h more...0 points
Unlocking a Mystery - Three Paydays From Each Deal
Part One
It's been said that pigs get fed and hogs get slaughtered. I disagree. I believe a little hoggishness is a good thing, especially when it comes to your bottom line. As long as you make sure that all parties to the deal are getting what they need, you should never feel guilty about trying to maximize your return.There is a way to get paid not once, not twice, but three times from each real estate deal you do. Let's examine...
First, you place an ad in the paper seeking a motivated seller. The ad might read, "I Will Buy your house or take over your payments." You get calls and finally a truly desperate seller calls. He needs to sell RIGHT NOW and you're his last hope. The reasons don't matter, but the motivation does.
You immediately skip over to his home with all haste, and negotiate an "option to buy" price of $120,000 for his property, which has a market value of $155,000. After inking the deal at his kitchen table, and agreeing to pay him a monthly lease payment of $900, you place a "Rent With Option To Buy" sign in front, and several more around the neighborhood.
It takes a couple of weeks, but soon you get a buyer who has marginal credit, but a good job and $5,000 cash, which you collect from him as a non-refundable option fee. That's PAYDAY NUMBER ONE. You sign a lease option contract with your tenant/buyer to lease the house to him for $1150 per month. Every month you will realize a $250 positive cash flow. That's PAYDAY NUMBER TWO.
(Continued below in Part two)
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focused007
May 24, 2011 @ 10:35 am | delete
- I Like Lens! I especially like the Add YOUR favorite Real Estate Investing Links section...great added tool to your lens. Thanks The REI Wealth Network
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mariellebelaus
May 3, 2011 @ 2:18 pm | delete
- Very interesting points you have noted , thanks for putting up.
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Unlocking a Mystery - Three Paydays From Each Deal
Part Two
(Continued from above)Your tenant/buyer also signs an option agreement, and you give him the option to buy the house within 12 months for $165,000. When and if he exercises his option, you will exercise yours with the seller for $120,000, and put the difference of $45,000 in your pocket for PAYDAY NUMBER THREE.
As soon as you find the buyer you return to the seller and tell him the great news. Now is the time, at the height of his excitement and relief, to have him sign all the transfer documents for the sale of the home. This is your protection. You will not file these documents unless and until it becomes necessary, but you will have them, just in case%u2026 in case something happens to the seller, in case he just has a lapse of memory, in case pigs fly.
You will also begin immediately assisting your tenant/buyer in repairing his credit and finding a mortgage broker who can help him obtain the financing necessary to exercise his option and buy the property. These are the things that will set you apart and make you successful. These are the things most investors don't take the time and effort to do.
It's called going the extra mile, and it's what makes you an investor rather than a hobbyist. It's also what helps you get fed like the hog you are. Good hog.
Now, go make more offers!
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by TDunn
I undestand why you want to invest in real estate... unless you're a crazy person. Then I probably don't.
Ask me for help... I'll do what I can!
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