Realty and personal property terms have often been confused as to what they exactly mean. Here we will clear that right up for you. We will look at the terms personal property, realty, land, real estate, and lastly, real property.
Let’s begin with personal property. Personal property, also known as chattel, is everything that is not [...]
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With all the foreclosures occurring, now is a most advantageous time to buy and invest in houses. But how do you know what is a good deal and what is not. Well if you want to rehab, wholesale, landlord or bird dog these guidelines and specifics will help you.
Lets start with what is actually a [...]
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Often the new, and occasionally the seasoned investor will close on a marginally profitable house deal or flip which only sets them up for bad buying habits. This should be avoided. There are many reasons to not do marginal or skinny house deals. Let me share a few.
If an investor finds themselves in the rut [...]
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The first thing you want to put aside is the notion that you need to form a corporation, get a business license, buy all new computers and things like this. This is a plague I had too when I was new, guess it was part of my learning curve. But what it kept me from [...]
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One of the best ways to advertise and market for motivated sellers is by using what real estate investors call Bandit Signs. They are called bandit signs because you have to put them out at night on the sly! They are those plastic coroplast signs, 18×24 inches, you have seen posted on telephone poles at [...]
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Driving for dollars, simply put, means driving through subdivisions looking for abandoned houses. You will spot them easily once you have drove for dollars a few times. They will be the houses that have boarded up windows, overgrown grass and neglected landscaping, and as seasoned investors like to call it, deferred (house) maintenance.
Real estate investors [...]
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Hot spot areas are areas where seasoned investors love to buy. Typically, these are areas which have a resale house (used houses, not new houses) selling, once it has been rehabbed for about 25% less than your average multiple listing sales price in your area.
Let me say that again. Once these houses you birddog or [...]
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Some months ago, I purchased a house with no money down as a wholesale house deal from the wife who lived in Nevada but whose husband lived over seas in Venezuela. In investor slang, we call it missing or absentee seller. I have been in real estate investing for years but this was a new [...]
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Some months ago, a seller called me in response to a postcard mailing saying that he was looking to sell a single family house. And yet he was waiting for his son to move out of the house and said it would need a lot of work.
Over the years I have purchased many wholesale house [...]
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We are a nation of tippers. For a variety of services, we tip and usually tip well especially in Las Vegas, NV. Tip the waitperson, hairdresser, valet, car wash workers, and my personal favorite-Starbucks. If you tip, why not use that as an opportunity to tell them of your business!
So what you want to get [...]
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