Archive for February, 2008
For Creative Real Estate Investors: Negotiating Repairs with a Tenant Buyer
We signed on a new lease option tenant recently before we finished renovating a property. She was very eager to move in and was constantly over at the house. As we were nearing the completion to the repairs, she made a list of the items that she found unacceptable. One of which was the cleanliness […]
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What “Not to Say” in Your Real Estate Negotiations
When negotiating in real estate, one should never say the words “contract” or “sign.” Both words have a negative connotation in the minds of others. A simple change in the words you say can have a big difference in your bottom line. Instead of saying “contract,” say “agreement.” Instead of saying “sign,” ask them to […]
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Real Estate Investment Tips and Strategies : Power of the Thank You Note
After each appointment that we have with a seller, we mail a thank you note out by the next day. This seems to set the tone from the beginning of our relationship. If we got a contract when we met with them, this lets them know that they are dealing with a professional company and […]
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Real Estate Investment Tips and Strategies: Equity Does Not Equal Profit
Let’s say you buy a property for $130K that will be worth $200K after you fix it up. It takes you 3 months to renovate the property and you have spent $20K in repairs and holding costs. This is a similar scenario that you have probably seen in one of the real estate investing TV […]
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How to Start Investing in Real Estate Regardless of Credit
Here’s another beginning real estate investor’s excuse that I hear from time to time: But my credit sucks, how am I going to invest in real estate without good credit? Believe it or not, you can buy property even if you have terrible credit. I am not talking about the traditional way (i.e. go to […]
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