Archive for 'Buying strategies' Category
Offer accepted!!
3 October 2006Since the market has slowed down to a buyer’s market, we decided to go house hunting for a new primary residence. In Tucson, the month of November/December is the best months to buy. We would keep the existing property and put it into our rental portfolio.
The media has talked a lot about the softening market. […]
Part #2 Analysis of a fix and flip
19 September 2006I wanted to focus this discussion on using existing equity for the fix and flip loan program. Below is a quote from a mortgage broker conversation.
1) Please explain how the cross-collateralization works for the down payment on the 90% interest only fix and flip loan. What are the fees involved to use cross-col?
1) Our cross-collateralization […]
Analysis of a Fix and flip Property..
17 September 2006One of the most popular real estate strategies these days has been the “Fix and Flip” deal. In areas that are tough to cashflow without big down payments, the fix and flip is the best choice to generate cash.
A fix and flip is purchasing a property that is under market value because of it’s deferred […]
REI Book Review - The weekend millionaire’s Secrets to investing
11 September 2006Have you ever read a book that you like so much that you buy it for family and friends looking to better their lives? I’ve read “Weekend Millionaire’s Secrets to Investing in Real Estate” by Mike Summey and Roger Dawson several times and I have personally given almost ten of these books to friends.
If […]
More REI articles than you can shake a stick at!
1 September 2006This site is one of the best sources that I’ve found to learn about creative investing. I suggest you check out REIClub. They have over 559 real estate articles. Don’t get over loaded, pick a few topics and absorb the material. These are great articels to learn the basic techniques for some types of investing.
Commercial Property as an Investment
24 August 2006I am a member of A.Z.R.E.I.A. which is a national known real estate club in Arizona. It started in Phoenix and has grown to Tucson in the last few years. They publish a monthly mail insert each month which usually has a national speaker talking about an REI topic.
This month is Mike Moloney talking about […]
Doom and gloom?
11 April 2006One of the bloggers posted, “What are your feelings with all the doom and gloom talk about the RE bubble bursting?
The real estate market is always changing, and we are starting to see the end of one cycle and a start of another. Since I live in Arizona, I have nothing to worry about right […]
Marketing to Arizona Foreclosures Challenging..
12 February 2006If you read my blog frequently, I’ve shown my disappointment in not getting a single call from my foreclosure marketing year to date. I’m was getting to the point of wondering if there are any distressed sellers out there! Of course there is , however, are there fewer than years past? The foreclosure numbers are […]
Recommended REI books..
21 December 2005There was a gentleman that asked me for recommended books to read for the beginner so I thought I would post some of my favorites.
These books are cheap (around $10) and are worth every penny. In my opinion, the beginner should read up on all the different ways to purchase realestate and pick one or […]
No grass growing under my feet..
7 July 2005Ok, so I sent a letter to gal that has a huge lot… She called me back and told me that she would be interested in selling if the price was right. This is good..
I showed this lead to my buddy and we drove by the property. He was interested in pursuing this with me. […]