Dusty and I were out on the golf course a while back with one of our investor friends. We don’t play too often but get out there every once in a while. Once we hit the links, we usually talk business and deals. Our friend is quite the marketer and always asks what we have [...] Read more »
Real Estate Investing : Subject-To Basics
Buying a property subject-to is a standard method that creative real estate investors use to build their portfolio. You may be asking, “What does it mean to buy a property subject-to?” It’s very simple. You take over payments on the homeowner’s mortgage until you sell the property one day, and the underlying mortgage is cashed [...] Read more »
How a Lease Option Tenant Buyer Won Their Down Payment Back in Court
Last night was the local investor’s association monthly meeting. Myself and Dusty were invited to be on the expert panel. There were a total of 7 us on the panel, and it turned out to be a pretty informative meeting. The couple that runs the investor group up in Columbia, SC came down and had [...] Read more »
Real Estate Investment Financing Strategies : When Hard Money Gets Hard
We bought a house in West Ashley on October 5th of last year. The property is a good example of the typical house that we buy. It’s a 3/1 ranch style brick home built in the 70′s around 1,200 square feet. I will say that we added a half bath for marketablity reasons so it’s [...] Read more »
Real Estate Investment Financing Strategies : 90% Investment Loan
There are many different ways to finance an investment property. Typically, we will borrow cash from a private investor or hard money lender to purchase a property and renovate it. Once the renovation is complete, our goal is to get that cash back out. So, we either sell the property or refinance it. REMEMBER, the [...] Read more »