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Landlord and Tenant
Getting the Best Tenants
I often get into discussions with other landlords both here in town and online in other parts of the country and they ask me how it is that I do not have the same problems that they have with their renters...
L.S.A.T - The Successful Landlord Aptitude Test
Twenty questions cover such issues as discrimination,
credit checks, lease law, non-payment of rent, pets,
renting furnished properties, acceptable deductions from
security deposits, taxes, lease termination, landlord
liability laws, and incorporation. Answers are included at
the end of the test. The S.L.A.T. is fast and funny --
probably the most enjoyable exam you'll ever tak
How to Automate Your Collections
Having been a landlord since the early part of 1994, I feel fairly safe in stating I've tried almost every imaginable way of collecting monthly payments from my residents. I want to run through some of these methods and let you in on the pros and cons of each technique.
Mortgage
2 Most Common Problems Keeping You from Buying a Home
Today is probably the best time to buy a home in a lifetime, but there is a problem.
You may be experiencing the frustration of talking to banks today, it seems like the
lending standards and credit scores required to qualify change every day. Home
prices are more affordable than they’ve been in decades and mortgage rates are at
all time lows. Even if you were able to qualify 3 years ago, and even if your credit
score has not changed, you may not be able to qualify today. There are 2 main reasons
why people are not able to buy a home, but there is also hope and the American dream of
home ownership might still be within your reach.
Top 7 Benefits of Home Ownership, Part 3
Would you like to know how you can make a quarter of a million dollars by sleeping? Well, keep reading. The last few years have been really difficult for the real estate market, and many people are wondering if now is really a good time to buy a home or not. Many other people want to buy a home, but are stuck in the rent trap because the banks continue to tighten their lending standards and shut people out who would have qualified only a few short years ago. This article will discuss the Top 7 benefits of owning a home versus renting. In Part 1, we saw that homeowners enjoy steady payments helping them fight against inflation and the wonderful tax savings we can have by being able to deduct the mortgage interest from our regular income. Then, in Part 2, we looked at the benefits of building equity. In Part 3, we’re going to put it all together and see the phenomenal difference the tax benefits and equity build up can make on your family wealth. So, now we are ready for benefit #5:
Taking Back a Second Mortgage
"Taking back" a second mortgage when you buy a home and the seller “loans" you some of the money they need in order to buy the property
Real Estate Investing
Real Estate Terms explained: BPO
When a bank has to take a home back in a foreclosure, they will want to know what the house is “basically” worth. Many real estate agents and brokers supplement their commission income by doing BPOs...
Taking Back a Second Mortgage
"Taking back" a second mortgage when you buy a home and the seller “loans" you some of the money they need in order to buy the property
Inspiration
Something for Nothing
Never accept ‘somethin for nothin’. In fact beware when somebody offers you ‘somethin for nothin’. See here’s the problem; when you get ‘somethin for nothin’; that means somebody else got ‘nothing for havin’ done something and that just ain’t fair”.
Helping folks in Real Estate
Is it possible to help both a buyer and a seller and make a killer profit in a flipping transaction? Read on and see an example of how I did it last year.
Ten Characteristics of Successful Real Estate Investors
In my years in the foreclosure and real estate business, I bet I've met over 1,500 investors. These people have been at all levels of knowledge and experience. Some have become amazingly successful, while others have lost steam or experienced drastic failure. I watched people who are successful and I've noticed that there are certain characteristics that come with real estate investing success.
How To Think and Act Differently
We are all born with some level of creativity. In some people it grows, in others it withers and dies.
Here are some ideas on how to think a bit differently.
