Wet Feet - Atlanta Real Estate InvestingWet Feet - Atlanta Real Estate InvestingMy path to become a full time real estate investor. Tips and tricks of the trade. Articles
Three key things to look for when prescreening seller leads
2008-05-14 14:57:00 You did great job marketing and now have an avalanche of leads coming your way. You need an efficient way to prescreen them. How would you know which deals to pursue and which ones you should avoid. It all boils down to 3 key indicators, at least for me: location situation deadline Like you already know the 3 key factors ... More About: Marketing , Leads , Seller , Investing , The Journey
3 best ways to attract motivated sellers
2008-04-28 17:27:00 The very first step in the process of flipping a house is to attract sellers. Without sellers calling you, you will not be able to buy a house, renovate it, sell it and make a profit. So, in my personal oppinion, you must do at least 3 things to attract sellers. Here they are in ... More About: Marketing , Investing , The Journey , Sellers
9 Steps to Riches in Real Estate
2008-02-13 02:15:00 Or how to get started investing in Real Estate in 9 simple steps: Attract Sellers Prescreen Leads Negotiate and Sign Contract Fund and Close the Deal Get Property Ready to Sell/Lease Attract Buyers/Tenants Prescreen Buyers/Tenants Close Quickly Cash Check and Repeat These are the steps we go through every day in our business. This is all you have to do from beginning to the ... More About: Real Estate , Investing , Riches
Investing Update
2008-02-13 02:06:00 Long time has passed since I posted last time. In short we have bought 2 houses and lease optioned them out. Plus wholesaled 2 houses since the last post. We also went to an investor retreat in Dominican Republic to spend some time with like minded people and take a look at our business and ... More About: Investing , Update
Why would I buy Sub2 from you?
2007-10-31 02:33:00 I got into a conversation with one of my friends why would someone buy a house from me Sub2. Let?s look at the deal like this: $5,327 down and take over payments of$1,307 per month, you will buy $14k worth of equity. Which in essence means, that you are taking over payments on a mortgage ... More About: Investing , The Journey
Why would I buy Sub2 from you?
2007-10-31 02:33:00 I got into a conversation with one of my friends why would someone buy a house from me Sub2. Let?s look at the deal like this: $5,327 down and take over payments of$1,307 per month, you will buy $14k worth of equity. Which in essence means, that you are taking over payments on a mortgage ... More About: Investing , The Journey
Leverage, Leverage, Leverage
2007-10-30 03:46:00 Recently I had a discussion with a friend about differences of investing in stock market versus real estate. Buck for buck historically stock market wins, but there is a really big but. That big rear end is called leverage. Leverage d real estate outperforms any other kind of investment hands down. Leverage is ability to use OPM ... More About: Investing
Leverage, Leverage, Leverage
2007-10-30 03:46:00 Recently I had a discussion with a friend about differences of investing in stock market versus real estate. Buck for buck historically stock market wins, but there is a really big but. That big rear end is called leverage. Leverage d real estate outperforms any other kind of investment hands down. Leverage is ability to use OPM ... More About: Investing
Chain of Title, Title Seasoning and Land Trusts
2007-10-16 02:53:00 These three strange concepts are tightly related and may make or break your deal. Chain of Title is the real estate property ownership history. You may think that only current state of title is important, but in reality last couple years of ownership are important because of two words: mortgage fraud. Here is the most common scenario ... More About: Investing , The Journey , Land
Chain of Title, Title Seasoning and Land Trusts
2007-10-16 02:53:00 These three strange concepts are tightly related and may make or break your deal. Chain of Title is the real estate property ownership history. You may think that only current state of title is important, but in reality last couple years of ownership are important because of two words: mortgage fraud. Here is the most common scenario ... More About: Investing , The Journey , Land
3 Most common mistakes in finding motivated sellers
2007-10-12 23:04:00 I wan to start with a little rant. How much do you think it costs to run a classified ad in a major newspaper like AJC? The ones we run set us back about $200 for two weekends. From such ads we get quite a number of ?investors? calling us, wanting a free house?. Go ... More About: Marketing , Investing , The Journey , Common , Sellers
3 Most common mistakes in finding motivated sellers
2007-10-12 23:04:00 I wan to start with a little rant. How much do you think it costs to run a classified ad in a major newspaper like AJC? The ones we run set us back about $200 for two weekends. From such ads we get quite a number of ?investors? calling us, wanting a free house?. Go ... More About: Marketing , Investing , The Journey , Common , Sellers
Wholesaling
2007-10-10 20:18:00 What is wholesaling? In short wholesaling is selling to a reseller, not an end user. So wholesaling real estate means that you are selling the property to someone else who will be selling it to the end user. Wholesaling can be done with deals for all cash, subject-to (sub2) or with financing. Let?s look at some ... More About: Investing
Wholesaling
2007-10-10 20:18:00 What is wholesaling? In short wholesaling is selling to a reseller, not an end user. So wholesaling real estate means that you are selling the property to someone else who will be selling it to the end user. Wholesaling can be done with deals for all cash, subject-to (sub2) or with financing. Let?s look at some ... More About: Investing
Don?t let the banks spoil the party.
2007-10-05 04:03:00 Let?s be hones, the current lending situation sucks. Sub prime lending industry disappeared literally overnight, banks stopped giving out loans to everyone and their sister. The situation is such that if your credit is less then perfect, no bank will lend you money to buy your own home. So the only option is to rent? ... More About: Party , Banks , Investing , The Journey , The Party
Don?t let the banks spoil the party.
2007-10-05 04:03:00 Let?s be hones, the current lending situation sucks. Sub prime lending industry disappeared literally overnight, banks stopped giving out loans to everyone and their sister. The situation is such that if your credit is less then perfect, no bank will lend you money to buy your own home. So the only option is to rent? ... More About: Party , Banks , Investing , The Journey , The Party
I want houses with 0 down and take over payments
2007-09-20 17:48:00 From time to time i bump into investors who want deals on a silver platter, zero down and no need to borrow money. I would like a dozen of those too, but I have to disappoint you - buying a home with no money down and without getting the loan is impossible. You either: A. Buy with no ... More About: Houses , Investing , The Journey
I want houses with 0 down and take over payments
2007-09-20 17:48:00 From time to time i bump into investors who want deals on a silver platter, zero down and no need to borrow money. I would like a dozen of those too, but I have to disappoint you - buying a home with no money down and without getting the loan is impossible. You either: A. Buy with no ... More About: Houses , Investing , The Journey
Subject To aka SUB2
2007-03-12 21:49:00 A lot of times I hear a lot of confused new investors talking about Subject to. So what does it really mean? I explain it to the sellers this way: “I will take over your mortgage payments until I sell the house.” sub2 means that you are taking(buying) the property subject to existing mortgage in this case. ... More About: Investing
Subject To aka SUB2
2007-03-12 21:49:00 A lot of times I hear a lot of confused new investors talking about Subject to. So what does it really mean? I explain it to the sellers this way: “I will take over your mortgage payments until I sell the house.” sub2 means that you are taking(buying) the property subject to existing mortgage in this case. ... More About: Investing
A little history or how it all began
2007-03-07 23:04:00 The most important thing is to take action. Stop wining and looking for excuses, get off your but and do it. If you put your mind to it you can achieve anything you dream up. I came to USA in November 1998. I had one suitcase full of my earthly possessions and $200 in my pocket. ... More About: History , Investing , The Journey , Litt , Bega
A little history or how it all began
2007-03-07 23:04:00 The most important thing is to take action. Stop wining and looking for excuses, get off your but and do it. If you put your mind to it you can achieve anything you dream up. I came to USA in November 1998. I had one suitcase full of my earthly possessions and $200 in my pocket. ... More About: History , Investing , The Journey , Bega
Choosing where to start investing
2007-03-07 16:42:00 So you decided to become an investor. Or to be more precise you want your money to work for you instead of the other way around. Great! So you think that real estate is the way to go, and I would agree with you. You see, population grows, but the continents don?t. So we have ... More About: Investing , The Journey , Start
Choosing where to start investing
2007-03-07 16:42:00 So you decided to become an investor. Or to be more precise you want your money to work for you instead of the other way around. Great! So you think that real estate is the way to go, and I would agree with you. You see, population grows, but the continents don?t. So we have ... More About: Investing , The Journey , Start |
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