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...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
For the last couple of months, I’ve sent the following postcard to every “house for rent” ad in my local paper. I don’t call on the ad, I just use a CD reverse directory to get the addresses from the phone numbers. Vacant? – NO MORE! Put...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
Property owners who live out of state are frequently very motivated to sell their real estate. Tenants may have stopped paying the rent, started trashing the property, or the property may be vacant. It is very difficult to control your real estate investments when you...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
There is an incredible power in understanding the time value of money. The investor who understands the power of cash flows will be the investor who gets very rich. No matter what you do in your investment life you simply must understand the time value of money. The...
by Brandon Reynolds | Dec 15, 2008 | Money-Making Ideas
People spend cash on real estate for a variety of reasons. Probably the most common reason for spending any cash at all is that the bank making a new mortgage on the property requires a cash down payment or it won’t approve the mortgage. Some people make the...
