Do you have your butt covered?
When executing any set of real estate contracts you need to be sure that all of the contracts are cohesive and that the “Defined Terms” are properly used in order to ensure that you are correctly documenting the real estate transaction.
Do You Lease Purchase?
I wrote something a while back about a story that Andy Heller recently shared with me. It really gets to the point about how powerful the Lease Purchase strategy can be when used correctly in today’s market. “During the “Learn To Lease Purchase” class, our special guest Andy Heller...
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Uploaded on 05 August 2009
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The Deal
11 January 2010
I found myself checking out the Knoxville MLS on Saturday when I stumbled across what appeared to be the deal of the century. A 2800 square foot home that is only 7 years old on the market for $122,000. The kicker was that the mortgage note on the property is for a staggering $355,000! The asking [...]
Posted in Freebies, General, My BusinessComments (1)
Active vs. Pending
30 December 2009
It has been over two months since I have started making offers on properties in my hometown of Knoxville, TN. I have not made as many offers as I would like but I have made enough to gather some very important information. One thing I have noticed, something that really irks me, is that a lot [...]
Posted in General, My Business, Personal LifeComments (2)
Highest and Best
23 December 2009
I have heard those words from my Realtor several times over the past few weeks as I have been submitting offers on bank owned properties. “Ross, they are asking for highest and best.” That is usually how our conversations start. I will be the first to admit that it is getting a little frustrating and my wife [...]
Posted in General, My BusinessComments (1)
Growing Pains
17 December 2009
I am able to relate to a lot of folks out there who are getting started in real estate investing. It has been several years since I closed my last deal because I fell in love with internet marketing. But because I am ready for a change, and I am feeling the call of real [...]
Posted in GeneralComments (0)
Fannie Mae
10 December 2009
I have made several offers over the past few weeks and the three Fannie Mae properties have all had different requirements! The only similarity between any of them has been the requirement of a 10% EMD. Property #1 Offer was submitted with all required Realtor forms along with Proof of Funds and EMD. After offer submitted they came back [...]
Posted in General, My Business, Personal LifeComments (3)
Momentum
09 December 2009
The past 7 days it seems like things have dragged out for one reason or another. What is good about that is that I am starting to build momentum as I am approaching buying my first investment property in a few years. My thoughts have shifted from doing one home at a time to doing multiple. [...]
Posted in General, My Business, Personal LifeComments (1)
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