While you might have already embarked on your real estate journey, you may not have landed yourself a deal yet, and the reason for this might be your own excuses. Due to the following excuses, many people fail to get their first deal. However, they are just that – excuses, and there are solutions for…
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If you’re just getting started in real estate investing, here’s some solid advice: Learn from seasoned investors. Starting anything new can bring on some anxiety, but the more you’re prepared, the more likely that anxiety will be at a manageable level. I’ve seen newbie property investors come in with a lot of excitement and make…
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There’s an old proverb that says, “Never do today what you can put off until tomorrow.” While humorous, that sort of procrastination won’t get you very far in life. If you’re a chronic procrastinator, then you’re likely familiar with the stress levels involved when two or three of those procrastinated tasks become due at the…
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Plenty of investing gurus are teaching about ‘Subject To’ deals these days, but they’re not all painting an accurate picture. Some are giving the impression that just because you buy property ‘Subject To’, you’re going to become rich because you’ve got the title, but there is more to it than that. While building wealth is…
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If you’re failing in real estate investing or if you’re afraid to get started, there may be some myths that are holding you back. Property investing is a tried and true way to build wealth, as many people have done so throughout the years. Look at the following myths and get to know the truth,…
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If you’re like many people who keep an eye on interest rates, then you’ve probably noticed some changes the last few weeks. The slight rise in interest rates recently has got some people wondering what’s going on, but for us and those that study my methods it is a huge benefit. The U.S. economy seems…
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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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