by Brandon Reynolds | Dec 16, 2008 | Money-Making Ideas
My partner, Rick Vesole, and I do a lot of lease option type transactions. I recommend that you always record every such real estate transaction you enter into on tape. Real estate is generally thought of as the most expensive thing people will buy in their lifetimes....
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...
