by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
One of the best ideas that I have used when trying to get a lease purchase deal closed uses an alternative type of option consideration/earnest money deposit. If the seller is okay with the idea of a lease option or lease purchase but thinks my consideration a little...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
I found a single-family home appraised at $149,000. The seller had $62,000 in equity. I offered $105,000 all cash, which was accepted. I found a partner to front the $105,000. Refinanced the property at 80% of market value for $119,200. I pulled the $105,000 out and...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
I have created a time machine. Just think back to the remember when you could buy a house for $6,500, hold on to it for a few years, and sell it for $30,000. If I could do that now, I’d buy ten. Well I’m here to tell you. You can. I just did. The city was...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
In my part of the country (Wisconsin), this technique is almost unheard of, but it works. Here is what I did. There was a mixed-use income property with good cash flow our company had listed. I convinced the seller to take a second mortgage of approximately 20% of my...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
You do not have to scour the courthouse or do mass mailouts to find good, small notes to buy. Just create them yourself. Small, well-secured notes can be created by developing small, inexpensive tracts of land combined with used mobile homes. Prices, zoning, and...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
Here’s how I found seven (7) new real estate investors who will pay me cash to buy my position in escrow. I found a local chapter of “National Association Of Remodeling Contractors” and called a couple dozen names on the membership roster. I told...
