Private Money Partners. Debt or Equity.
Funding your real estate deals can be as challenging as finding a red-hair in a haystack. What? That's not how the saying goes? Whatever. You get the point. When you've got a bunch of experience and you're ready to start looking for private money to fund your real estate deals, you'll come to a fork in the road. Go right, you'll work with debt partners, and if you hang a lefty, you'll find equity partners. Both can be helpful, and both are very different. Money don't come for nothin', so one thing is for sure; no matter which way you ...
DISC PIAV Profile. Your Biggest Strength is Knowing Your Weakness
Strengths. Everyone's got them. Problem is, most people don't know what their strengths are. If you're unsure of what makes you happy? If you don't know what really juices you, you've got to find out. You can do it today by taking a DISC PIAV Profile Assessment. So how do you determine what your strengths are, and how can you apply them to your house flipping business? Maybe your strengths don't even suit you for this business....ever thought of that? Once you're able to recognize what truly juices you, you'll be able to use that to your advantage. You'll be better ...
Getting To Yes. Negotiate Your Opponent’s Pants Off!
Negotiating. I know, I know. Just the thought of it makes you feel all nervous and uncomfortable inside, your palms start to sweat, you suddenly feel like you should be wearing an eye patch, gold chains, & bustin' rhymes and the name on your office door should now read, "Slick Rick." Listen up, when you put on your negotiating hat, you don't have to seem like you just stepped off the used car lot. Getting to yes, in negotiation doesn't mean you have to be sleezy, slimy, slick or any of the other Seven Dwarfs. Huh? The thought of negotiating is scary, ...
Fannie Mae Posts Biggest Profit Since 2007
Call me skeptical, call me jaded, just don't call me late for dinner. I once had a girlfriend whose father must have dropped that tired little ditty a million times during the 6-years we were together. I wanted to puncture my ear drums with knitting needles every time he said it. What's this have to do with real estate, Craig? Not a damn thing, really. I just read the following headline on Google News; "Fannie Mae Posts Biggest Profit Since 2007." Then I paused and waited as the needle on my internal crap-detector rose to the line that reads 100% stinky bull-shit! You'll ...
Real Estate Markets Hot or Cold? It Doesn’t Matter.
Is your real estate market is too hot to handle or is it cold as a cadaver on a marble slab? I reluctantly live in the People's Republic of Maryland (very liberal) - and thankfully we didn't get hit too hard by the housing bubble. Unemployment in MD is still a few points below the national average, and our housing prices seem to be stable. In fact, Maryland, DC, and Northern VA are the hottest three markets in the country. I can almost hear the U-Haul's coming, but before you load up the family, the dog and all your worldly ...
Building A Wholesale Buyer’s List. Its Easy as 1-2-3.
Just because you found the deal, that doesn't always mean you'll see the money. When it comes to wholesaling, the biggest worry (other than, "how can I find an avalanche of deals" is, "how do I actually sell the homes that I have under contract?" This is where wholesalers often hesitate to get the ball rolling. This is where any momentum gained is usually stopped dead in its tracks! TIP: If you are wholesaling real estate, the money is not in the deals you find - the money is in your buyer's list! You must be actively building a wholesale buyers list ...
Private Money Partners. Debt or Equity.
Funding your real estate deals can be as challenging as finding a red-hair in a haystack. What? That’s not how the saying goes? Whatever. You get the point. When you’ve got a bunch of experience and you’re ready to start looking for private money to fund your real estate deals, you’ll come to a fork in the road. Go right, you’ll work with debt partners, and if you hang... [Read more]
DISC PIAV Profile. Your Biggest Strength is Knowing Your Weakness
Strengths. Everyone’s got them. Problem is, most people don’t know what their strengths are. If you’re unsure of what makes you happy? If you don’t know what really juices you, you’ve got to find out. You can do it today by taking a DISC PIAV Profile Assessment. So how do you determine what your strengths are, and how can you apply them to your house flipping business?... [Read more]
Getting To Yes. Negotiate Your Opponent’s Pants Off!
Negotiating. I know, I know. Just the thought of it makes you feel all nervous and uncomfortable inside, your palms start to sweat, you suddenly feel like you should be wearing an eye patch, gold chains, & bustin’ rhymes and the name on your office door should now read, “Slick Rick.” Listen up, when you put on your negotiating hat, you don’t have to seem like you just stepped... [Read more]
Fannie Mae Posts Biggest Profit Since 2007
Call me skeptical, call me jaded, just don’t call me late for dinner. I once had a girlfriend whose father must have dropped that tired little ditty a million times during the 6-years we were together. I wanted to puncture my ear drums with knitting needles every time he said it. What’s this have to do with real estate, Craig? Not a damn thing, really. I just read the following headline... [Read more]
Real Estate Markets Hot or Cold? It Doesn’t Matter.
Is your real estate market is too hot to handle or is it cold as a cadaver on a marble slab? I reluctantly live in the People’s Republic of Maryland (very liberal) – and thankfully we didn’t get hit too hard by the housing bubble. Unemployment in MD is still a few points below the national average, and our housing prices seem to be stable. In fact, Maryland, DC, and Northern VA are... [Read more]
Building A Wholesale Buyer’s List. Its Easy as 1-2-3.
Just because you found the deal, that doesn’t always mean you’ll see the money. When it comes to wholesaling, the biggest worry (other than, “how can I find an avalanche of deals” is, “how do I actually sell the homes that I have under contract?” This is where wholesalers often hesitate to get the ball rolling. This is where any momentum gained is usually stopped... [Read more]
What is Robo Signing?
If over the last three years you’ve asked yourself, WHAT IS ROBO SIGNING —- this is it! Open heart surgeon, NFL football coach, OJ Simpson’s defense team. These are what most would consider high stress, high pressure positions. If the surgeon, the coach, and the Cochran team (RIP, Johnny) “f” up, chances are they’re gettin’ a boot in the ass (or a razor-clean... [Read more]
Fannie & Freddie – Newer Faster Short Sales.
It’s a hot topic for sure, and now there’s even more talk about short sales and expedited processes by Fannie & Freddie (who, by the way, sound more like a brand of women’s panties and a rapper, respectively). No disrespect, of course…just sayin’. New Short Sale Process For those real estate agents and homeowners awaiting a decision on their short sale offer from... [Read more]
Letter of Funds. Pre-approved vs Pre-qualified
Commitment letter shmamittment letter. What’s the difference between Pre-approved vs Pre-qualified? Well for starters, you’re a complete DB if you’re still trying to get a deal using a commitment letter. But pre-qualification letters or a “letter of funds”…..now that’s a horse of a different color. And a solid Proof of Funds (POF)….well, that’s... [Read more]
Property for Profit. Rent vs. Buy
What’s the sweet play right now in real estate investing? Well before I tell you and you go off in search of this next shiny object I’m about to lay on you – I need you to ask yourself; what are you good at, what do you love to do? Then once you’ve done some serious soul searching – and you’ve really figured it all out —- ask yourself, what’s the market... [Read more]
