A lot of real estate investors and agents have been asking me in recent days when there will be a wave of foreclosures caused by defaults due to the COVID-19 shutdown. The answer is, it depends. Some cities, regions, and states have been...
Have you been using hard money to fund your investment deals? Or have you been working for years to build up enough cash to one day use the BRRRR (Buy, Renovate, Rent, Refinance, Repeat) Method to take your investing to the next level? Are you concerned about many...
The big question from many short sale sellers in 2019 is, “Will I have to pay income tax on my forgiven debt now that the IRS mortgage forgiveness act is expired?” Here’s some background: Unless there is an exemption, the Internal Revenue Service has historically treated forgiven debt as...
Great real estate deals don’t interrupt you. You must consistently search for them. The investors who find the best deals look daily. How can you search daily? Search for people selling their property For Sale By Owner via certain websites, like Zillow.com, Trulia.com, Realtor.com, or 4SaleByOwner.com. I suggest that you stick...
When I first started in real estate investing over 15 years ago, I believed that I needed a special “investor contract” to make offers on properties. My intention was to have the perfect contract template filled with tons of clauses that were favorable to me (and unfavorable to the...
No. Well, maybe. Actually, yes, there are ways to buy an investment property with little to none of your own money by using a traditional mortgage loan. This is a way a lot of aspiring investors get started. So let’s say you have limited funds and huge goals. You...
The complexity of tax brackets and tax rates can cause some people anxiety, yet it’s imperative that you know how taxes work. Knowledge about brackets, rates, deductions, and credits will help save you money come tax time. There are seven federal tax brackets created by the Tax Cuts and...
Whether you own one investment property or dozens, you are the CEO of your own real estate business. As the CEO, it is your responsibility to protect your business, set a strategic vision, grow your income, and keep your expenses low. Therefore, you should have at least one...
There are essentially three ways to find deals: prospecting, marketing, and networking. Prospecting involves searching for opportunities. It is a thorough examination of neighborhoods, pre-foreclosure and foreclosure lists, websites, and For Sale signs. Marketing is attracting the attention of potential sellers...
"Thinking is the hardest work there is, which is probably the reason why so few people engage in it." - Henry Ford In his book How to Become CEO, Jeffrey J. Fox writes, "Spend one hard hour every day planning, dreaming, scheming, thinking, calculating. ...
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