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A man named Mark was calling from Florida saying he wanted to sell me a mobile home note. The note was secured by a mobile home just a few miles from my house. He had managed to get my attention. By the time I got off the phone, I had learned all kinds of good stuff.
The...
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This article explains how you can use your 401(k) funds to diversify your portfolio mix into real property.
The 401(k) plan
First, it is important to understand some basic features of a 401(k) program. The 401(k) is a subsection of the Profit Sharing Plan section of...
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Several years ago, a friend and I sat down and decided we were going to write offers on single family houses listed with Realtors. In fact, we were looking for a way to increase our production. We weren't happy with the volume of transactions coming our way. So we decided to...
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The explanation of "market value" in this article applies to single family houses only. Different methods apply to apartments and other commercial real estate.
The meaning of "market value" confuses many people. As consumers, most people shop at retail stores and pay the...
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I have purchased many houses for a 40% to 60% discount. In a recent four-month period, I purchased three houses for a 40% discount and four houses for less than half price. If you will take a little time to learn what to do, you too can cash in on this unique situation.
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It is common for the buyer and seller to complete a "binder". This is either an outline of the proposed sales contract between the buyer and seller or the contract itself. It includes:
(1) the property address
(2) the names of the parties involved (the buyer and...
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