As you work toward success in any area of life, your mindset is going to be the most important ingredient. By mindset, I mean how your mind predominantly thinks. For example, do you have a growth mindset or a lax mindset? Are you more of an optimist or pessimist? Do you believe you can overcome…
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Some of my students have asked me if they should bother buying auction properties. Maybe they’ve lasered in on a particular home and have sent direct mailings to no avail. The home ends up at a bank auction and they wonder if they should go ahead and purchase the home at the auction. Now, if…
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If you’re a real estate investor, you’re probably familiar with doing a rental analysis before you make an offer on a property. You know you’ve got to take into consideration things like the mortgage, taxes, maintenance, insurance, and reserve funds. When you crunch the numbers, if you’re left with between 6 and 8 percent profit,…
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When tax time comes around, I get a lot of questions about who gets the tax credit on ‘Subject To’ deals. By ‘Subject To’ deals, I mean property that an investor acquires by taking over the existing mortgage payments. As a result, the deed is transferred to the investor, but the original mortgage stays in…
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There are quite a few property investment gurus and programs out there, but I’m here to tell you I believe my programs are among the best. I’ve spent many years honing and perfecting them so that anyone can learn them and use them to better their financial lives. We live in a country where financial…
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Let’s say you’ve been talking to a highly motivated seller and they’ve agreed to a ‘Subject To’ deal with you. This means you’re purchasing their property, presumably setting a closing date quickly. You get the title, while the mortgage loan stays in their name, which is essentially how ‘Subject To’ deals work. But what if…
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