-
Creative Ways to Access Your Equity
Stop me if you’ve heard this one before. A real estate investor really, really wants to grow their portfolio. They look at their current equity, and think to themselves, “if I could just get some of this equity out, I could buy a couple more properties!” So they start inquiring around town…with no luck. Pretty […]
-
What the banks won’t let you do
It’s hard to find a bank that will do a home equity loan on an investment property. But let’s imagine–just for a second–that you could find that bank. What would they let you do? How much would they let you borrow? What LTV (loan to value) would they let you borrow up to? Here’s the answer: Whatever […]
-
How Mike Got His First Seller-Financed Deal
As usual, it all started with a thoughtfully and strategically written letter. And it ended with a purchase of a Seller-Financed property (and more–read on). You see, Mike sent a batch of letters to people who own properties and are good candidates for Seller Financing. And then his phone rang. Let’s just say it was […]
-
Zero-Down Supercharged Seller Financing Duplex Acquisition
It’s funny. What some people consider impossible is the same thing as what others consider normal. Take, for instance, buying a property with… …Seller Financing. …Seller Financing with ZERO down. …Seller Financing with ZERO down that’s SUPERCHARGED. …Seller Financing with ZERO down that’s SUPERCHARGED from a non-distressed Seller. …Seller Financing with ZERO down that’s SUPERCHARGED from a non-distressed […]
-
How Charlie Bought FOUR Duplexes with Seller Financing
I have a wish for everyone in my community: I want you to be able to buy the rental properties you want to buy, WHEN you want to buy them. NOT when the market inventory lets you. And certainly NOT when the banks tell you that you can. What I want for you is that […]
-
How Steven Bought a Duplex Off-Market with Seller Financing
“Off-market” and “Seller Financing.” They are like peanut butter and jelly: they just go perfectly together. When you can sit down directly with a Seller nobody else even knows about, and conduct a relationship-based conversation the right way, you can often get the excellent Seller Financing you want in your acquisition. How do I know? […]
-
Coaching Philosophy: Learning to Underwrite
Sometimes I use social media almost like a white board where I post the thoughts that come to my mind in real time. Often times they are not totally new thoughts, but rather new ways of articulating those thoughts. Here’s one I posted in a group recently: One guy wrote back and asked me to […]
-
I’ve re-learned this important lesson
I’ve had a few experiences recently that have reminded me of an important but sometimes hard-to-believe truth: We absolutely CANNOT make assumptions about what people know, based on their resume of ostensibly “having experience.” And this cuts both ways: it’s just as true about me as it is about others. Let me give you a […]
