The real estate purchase agreement is more than just a casual offer. The moment you and the seller sign it, it is a legally binding contract. Since you can put what you want in your offer, why not include some of the clauses that smart buyers use to protect themselves and save money? Some suggestions follow. Seven Critical Purchase Agreement Clauses 1. A better earnest money clause. You can put a small…
SHOW NOTES FOR EPISODE 075 – FINDING A SPONSOR FOR YOUR DEALS WITH JOE FAIRLESS As you grow your real estate portfolio and get into bigger and bigger deals, finding a sponsor may be a necessary requirement to get funded, especially if you don’t have the required net worth and liquidity to meet lender qualifications. In this episode, Joe Fairless, the host of The Best Real Estate Investing Advice Ever podcast, discusses…
SHOW NOTES FOR EPISODE 074 – HIRING THE RIGHT PROPERTY MANAGER FOR YOUR RENTAL PROPERTY Landlording is much easier when you have a good property manager, and we’ve provided you with all the things you’ll need to ask managers to make sure they are right for you. In this episode, Bill outlines 12 key areas to use in evaluating a potential property manager for your rental property. I’m often asked what to…
Why offer seller financing? Let me give you an example. Many years ago a gentleman bought a rental property, and then realized he didn’t want to be a landlord. So nine months later he sold it for 15% more than he paid, without fixing or improving a thing. The easy terms are what sold it. He took $1000 down, and years later, still gets a payment every month, with 9% interest. Why…
SHOW NOTES FOR EPISODE 073 – IMPACT INVESTING WITH JEFF KISSEE Making and keeping happy tenants pays off! Not just in increased profits but in broader sense of impacting individual lives and entire communities. In this episode, Jeff Kissee, the co-owner of Capital 8 Group LLC, talks about “Impact Investing” and how this powerful tenant-driven model has transformed his business, the tenants in his apartment communities and the communities were his assets…
SHOW NOTES FOR EPISODE 072 – BUYING PROPERTIES ON EBAY Finding good below-market properties is not easy. Sometimes you need to see 100 properties before you find one that meets your criteria. In this episode, Bill looks at eBay as a possible resource for prospective properties and shares his personal experience in the eBay real estate marketplace. Why in the world would I even have this as a topic? And even if…
Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you’ve found a good deal – especially the first time. Here are some things to look for to be sure that rental is a great investment. 1. Location If traffic is heavier, rentals are easier to rent. A sign will often pull more response than an…
SHOW NOTES FOR EPISODE 071 – PART-TIME REAL ESTATE INVESTING In this episode, Dr. Buck Joffrey, a full-time physician, talks about how you can generate significant returns by investing in real estate while working full-time. Dr. Joffrey has built over $20 million in real estate and other business and investment assets while working a full-time job. What You Will Learn How it’s possible to successfully invest in real estate while working full-time Why…
SHOW NOTES FOR EPISODE #070 – 12 WAYS TO INCREASE YOUR RENTAL PROPERTY CASH FLOW How do you get more income from your rental properties? Raising the rent seems like the most obvious way to increase cash flow, but in this week’s Fun Fact Friday episode, we came up with 12 more ways to increase your monthly cash flow. What if you want better cash flow from your rental properties? Yes, you can…
Locating financing for every commercial project is not always an easy feat. Many items can affect the acceptance of a loan, how much is loaned, and under what specific terms the loan is given. As a commercial real estate insider, it is important to always be completely prepared when approaching a lender, whether it is a commercial bank, savings and loan company, or a private investor. The key to success in commercial…