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Little Tips to Make Your QuickBooks Easier…
It is the goal of this column to answer questions about QuickBooks and how it is used in the REI arena. Knowing how to record transactions in the proper way and have your set of books in good shape...
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To Guru or Not to Guru
Even before investing in real estate or considering it, you may have heard radio advertisements announcing a national “guru’s” meeting coming to town, seen the latest no money no credit infomercial,...
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Flipping Continues to Win When the Value is Right
Some would say home flipping, in which a buyer resells a property quickly for a profit, is on the decline as U.S. residential price gains slow and foreclosures dwindle. The exception are those...
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Court Rules Chase Made Up Documents to Foreclose – What Does It Mean For...
In July, fans of common sense and decency everywhere won a huge victory – in California of all places! The California Appellate Court ruled that Chase created and recorded false documentation in order...
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The Art of Partnerships
When most people start out in the real estate business they don’t have all the money they need to buy all the properties they want to buy. I may be describing you and I am certainly describing myself...
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The Ultimate Cheat Sheet on Self-Directed Real Estate IRAs
Self-Directed Real Estate IRAs are a powerful tool that allow for tax-free and tax-deferred profits. In some cases, capital gains taxes can even be avoided when investing within an IRA. Still many...
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Contract for Deed – Part 5 of 5 From the Buyer’s Perspective
Buyers should be extremely cautious about entering into a contract for deed to purchase a property. There are two main reasons. First, it is possible for the seller to lose control of the property...
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How to Close 10 Wholesale Deals in 1 Day
It’s pretty easy actually. Get (“contract”) (10) unwanted houses from a seller at a great price and turn around and wholesale all (10) to a cash buyer. Boom – easy right? We’ll of course it’s never...
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Does Your Title Company Have Your Back?
All Investors and Realtors need to know the guidelines of their Title Company’s requirements for buying and flipping short sales. Each Title Company may have one or two underwriters which tell them how...
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Building Your Fortune Buying Vacant Land
There are lots of great ways to make a lot of money in real estate, not the least of which is buying and selling vacant land. This is an effective way to do real estate deals with no hassle, no rehab,...
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What Not to Do When Negotiating – Part 3
This is the final part of this article but it is not the end of the mistakes I have made negotiating with sellers through the years. I will continue to provide more negotiating ideas for every serious...
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Unplugging… To Recharge
As I write these words, the summer is almost over. School has already begun in many places throughout our country, and will soon start in the rest. Vacations have (hopefully) been taken, and before you...
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Making $13,000 With No Money Invested
Want to see how to make $13,000 in two short weeks with no money invested and without owning the home? With creative real estate investing, Jack Miller taught us to structure on purpose. Pete Fortunato...
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Constructing and Presenting Offers to Buyers
Last month, we talked about locating buyers and finding out if they had any money and/or credit, which is the definition of prescreening them. In this issue, the next step is getting them to the point...
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Knowing When to Move On!
There was once a great and powerful king, King BOB. He had everything that a King needed or wanted. King BOB had real estate, cars, money, jewels, wine, and a Queen. One day, a gardener came to offer...
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Working Healthy Now
“The first wealth is health.” ~ Ralph Waldo Emerson Fall is in the air. Before you know it, Halloween will be here. Then Thanksgiving. And Christmas, and New Year’s, and Martin Luther King Day. And...
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The Biggest Real Estate Myth
We all think we’re in the real estate business. That is a fundamental mistake! It’s true that we have checks written to us in exchange for services of buying and selling houses, so it’s understandable...
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The Profit Newsletter September 2014 Edition
Download The Profit Newsletter for September 2014 (PDF) The September 2014 Edition ofThe Profit is Available for Download! The September 2014 Edition of The Profit Newsletter is available for download...
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