Over the last year most of my customers are facing the same issues when it comes to buying, selling and investing home. Most people are having problems either getting approved for a loan or getting rid of their home in order to move or buy a more desirable property. There are three practices that have taken my business through the real estate market slump over the last year and they are:

1. Transacting Real Estate Without Using My Own Money
2. Utilizing Lease Options
3. Learning to Market My Real Estate Investing Business Online.

Full article… Cracking the Code to Quick Cash in Real Estate Investing

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I want to share with you some ideas on using real estate to become debt free and build your cash reserves. It has worked for me and I have also shared this with many other investors and it has worked for them also. Many investors start out in real estate thinking that you have to "have money to make money". That is not the case at all. You will need one of two things though; either good credit or cash…remember that it doesn't have to be your cash or credit as far as that's concerned. It's OK to start out with other investors until you can do it on your own. I would rather share the profits and have some of something rather than all of nothing.

We only buy when we can get paid and still cash flow the property. Let me explain. Let say you find a property that has an after repaired value or ARV of $100,000. Because the property needs $20,000 in work you can buy it for $50,000. Now you will be in the property at 70% of value once the work is done. Whether you paid cash, borrowed from relatives or got a hard money loan for purchase and rehab makes no difference. Once you have a $100,000 property you can now refinance at 80% loan to value or LTV and after closing cost pull out about $7,000 to $8,000 in tax free cash. Yes you do not pay taxes on borrowed money. But just remember that it is still borrowed money and has to be paid back, even if it is the tenants that are paying it back. I do not recommend refinancing over 80% loan to value. This way you still have some equity for your financial statement and the property should cash flow with no problem.

Full article… A Game Plan For Success Investing In Real Estate

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I was on a coaching call with one of our students the other day, and we got on the subject of free and clear properties. He has done several deals now and is really getting his feet wet in the real estate game. He purchased a couple properties recently and just finished with the renovations. He owns the houses free and clear and wants to pull his money back out through a refinance. His plans are to hold on to the properties and use the cash from refinances for his next deals.

This brought to mind a couple suggestions for his free and clear properties that would potentially save him a bunch of money and protect his assets at the same time.

Two Reasons to "Mortgage" Your Free and Clear Property

When I say "mortgage" your free and clear property here, I do not mean bring in a new loan and leverage your property. I am suggesting to file a mortgage against your property from an entity that you are familiar with.

Full article… Why You Should "Mortgage" Your Free and Clear Properties

Technorati Tags: asset protection, creative real estate, creative real estate investing, real estate investing, real estate investment financing

I get asked this quite often and it’s a great place to start as my first blog entry. My disclaimer for you as the reader is to keep in mind that I’m just one individual, with one set of experiences. I believe in the idea that there are “different strokes for different folks”, so this isn’t intended to be the one best answer on how to get started, but rather it’s the best advice I can share with you based on my own set of experiences. For a very brief bio see my About page. If I were to sit down with a family member, the following is what I would tell them. Feel free to pick and choose those ideas that work for you and leave the rest.

I’ve distilled my experiences down to 5 Steps that I believe will best set you up for success on your first real estate investment.

Full article… How to Get Started Investing in Real Estate

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When a big business is just beginning, even before the first "brick" is laid down, the first step entrepreneurs take is to write a plan. Why? First off, investors and banks are going to want to see it. But also, it gives the entrepreneur a chance to gather their thoughts and set a positive course of action. That's exactly what every real estate investor should be doing too, yet unfortunately, it's nearly the opposite as many of them don't do this at all.

In fact, and this is one of the saddest realities of all, I've found that the vast majority of investors will spend more time planning their annual vacations than they do planning out their investment business.

Isn't it any wonder then why we find that 92% of all investors fail in their first three months? In this sense, the motto "you fail to plan, then you plan to fail" really is true.

Full article… What's The Investment Plan, Stan?

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Goal setting is a frequently overlooked step in real estate investing. This is very unfortunate because taking some time out to complete this simple task effectively can have a huge impact on your long term results but also on how seriously you are treated by industry professionals. This is incredibly important to your short term success and your confidence as you will need to establish strong relationships with such people if you are to succeed.

The power of goal setting has been well documented and communicated so before you skip over this point because you’ve heard it all before I’d like you to consider how well you are doing it. I’m a firm believer that you don’t truly understand something until you are doing it.

Full article… Setting Goals for Real Estate Investing

Technorati Tags: getting started in real estate investing, real estate investing, real estate investing business plan, setting goals