Closing on a property, and the costs associated with it, can be one of the most confusing aspects of real estate. That’s why Professional Marketing International teaches successful investors to get a good overall picture of how closing works and the fees involved before they tackle a specific property. Understanding closing costs is important to the overall profitability of your [ Read More ]
Archive for June, 2010
Compared to hard money lenders, private lenders are generally more flexible in their terms, the properties they will lend on and how they are compensated. They’ll invest in a deal as long as they get the rate of return they are looking for and the terms make sense. Keep in mind that each private investor is different, so be prepared [ Read More ]
Corporate credit is similar to personal credit, except it involves a business receiving credit from a lender, rather than an individual. Many entrepreneurs wouldn’t be able to keep their businesses up and running without corporate credit. While it is essential to modern business, corporate credit can also be a source of stress for small business owners. Lenders are understandably cautious [ Read More ]
This may be earth-shattering information, but a key aspect of owning rental units is having renters. Without renters, you have no cash flow. And since some rental units have higher turnover rates, it’s important to have an updated renters list that you can reference when a property becomes available. Real estate experts rely on their renters list in order to [ Read More ]
Traditional financing is not always a viable option for buyers in today’s real estate market. As the lending industry tightens loan requirements, many buyers find it difficult to finance a mortgage. This in turn makes it harder for sellers to find buyers. An excellent solution to this problem is seller financing. Unlike other forms of financing, which come from a [ Read More ]
In addition to expanding clientele, someone in the world of Real Estate investing has the added element of needing to continually expand their network of professionals. Building a successful and profitable Real Estate investment business depends on your ability to find, cultivate, and maintain relationships with mortgage brokers, escrow agents, various lenders, appraisers, handymen, certified inspectors, property managers, accountants, lawyers, [ Read More ]
A main priority of any business is to increase its client base. By bringing in more customers, a company is able to grow and improve within the market. At PMI Coaching, we understand that looking for new buyers, sellers, renters, investors, and other clients – not to mention maintaining good relationships with past clients – is essential if you want [ Read More ]
Although lease options are fairly common in the real estate world, many people have never heard of them. You may have heard this type of lease referred to as a lease purchase or as a “rent to own” property. Regardless of the name, the lease option process refers to a buyer securing the right to purchase a property at a [ Read More ]
Optimism is passé. People who believe in their abilities are delusional, and cynicism is just a funny word for realism. Being told to “cheer up” or “have a positive attitude” makes you want to dropkick all the little Pollyanna’s back to their pastures of rainbows and unicorns. Life sucks and then you die, right? This snide attitude about life is [ Read More ]
For those just getting started in real estate, bird dogging offers an exciting way to learn the business. A bird dogger is someone who is paid a fee for finding high quality investment property for other real estate investors. Because bird dogging doesn’t require any capital up front, beginners are given the opportunity to learn the real estate trade without [ Read More ]
