The Profit April 2016
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The Profit April 2016 Articles
Scott’s 10K a Month Executive Lease-Purchase Secrets
By Scott Ulmer
It has been said that, “the devil is in the details. We, at “Little Pink Houses of America” have developed a needed and profitable business model that can be practiced in your own community where you can build a $10,000/month income. We call it our Executive Lease-Purchase program. We discovered that only 20% of a given market has the ability to qualify for a house purchase from a traditional lender. Yet, home ownership is still seen as desirable by a majority of people in the United States today. There is a big gap in the market between those that want... Read More >>
Rising Rents and Millennial Buyers Bode Well for Real Estate IRA Owners in 2016
By Jim Hitt
Our clients who focus on real estate IRAs are encountering a more mature point in the investment cycle. We’ve had a nice run up over the last several years. Indeed, if you had some cash to play with in 2009 and 2010 and a bit of patience, it was tough to go wrong with real estate IRA strategies. The real estate market was attracting a boatload of institutional money and all the real estate investor had to do was step in front of it. Now there’s still institutional money coming in, but investors have to pick their spots a little... Read More >>
How To Get Anything You Want From Life
By Tony Pearl
I almost didn’t write this article. What you’re about to discover is so profoundly - yet simply - powerful, that if you truly understand and apply these simple secrets, I can practically guarantee such phenomenal personal and financial growth over the next few months that you won’t even recognize the dynamic person you’re about to become! Yes, these secrets are that powerful. But don’t just take my word for it. Read, learn, and apply. Then find out for yourself! Keep reading… Now, before we get into “The Big Secret” and all that, we first have to understand something. And it... Read More >>
Short Sale… or Subject-To?
By Kimberlee Frank
I recently marketed to people who have second homes and are either close to being upside down on the mortgage or they are in foreclosure. So far, I’ve closed on 2 deals from this marketing. One of the leads owned a house in Sanford: 1,050 sq ft, 3 bedrooms, 1 ½ baths, living room, kitchen with dine-in area, separate laundry room and 1 carport. The house was in great shape. It was a block house and really only needed about $3,000 to $4,000 worth of work if I wanted to retail it. I partnered with one of my Apprentice Students... Read More >>
Which Investment Strategy is Right for You?
By Mark Jackson
There are a few investment strategies you may want to take a look at if you are about to take the leap of investing in real estate. Especially since about forty percent of all homes in the first quarter of 2015 were sold to investors. 2016 is shaping up about the same. Truly, this is a huge portion of homes sold and having the right strategy can make a world of difference when it comes to the kind of profits you can earn. First though, we have to take a valuation first approach to every transaction. Knowing the true value... Read More >>
You Bought the House…Now What?
By Bill Cook
When Kim and I were baby real estate investors, we were totally focused on buying our first investment property. Then one day it actually happened! I remember leaving the closing attorney’s office feeling pumped up. When we got in the car, Kim asked, “Now what?” Now what, indeed! I hadn’t given that part of the equation much thought. This happens to a lot of new real estate investors. So once you buy a house, what do you do next? To answer this question, let’s look at three properties we worked on recently. The first is 337 Rail Drive in Adairsville,... Read More >>
The Art of The Conversation With Motivated Sellers - Part 2
By Kathy Kennebrook
So how are we going to get ready to have a conversation with our motivated sellers? I believe that readiness is a state of mind, and I have put together some ideas for you designed to help you have meaningful and successful conversations with motivated sellers resulting in profitable deals. First of all, expect to be anxious and know that it’s okay to be anxious. You probably wouldn’t be very good at what you do if you didn’t care about the outcome. Next, while you are feeling anxious, get in front of a mirror and practice what you are going... Read More >>
Don’t Be Fooled Thinking That Quick-Turning Deals Will Quickly Make You A Millionaire
By Larry Harbolt
The One Thing the Gurus Never Tell You Is, Wealth Is Created Over Time, Not Over-Night. I recently had a conversation with one of my students who made a statement to me that I found very disturbing. This person asked me why I continue to try to buy houses with seller financing terms when money is so easy to get today. He asked me; why not take the fast and easy road to success instead of thinking only about long-term investments. Believe me there are many reasons. The minute those words came out of his mouth, I knew he was... Read More >>
Managing Risk
By Russ Hiner
So you did not win the 1.5 billion dollar lottery. Now what are you going to do to pay the bills, Christmas expenses, college tuition, medical expenses, health care insurance, car payment etc.? Yes I played the lottery to the extent that if I lost I would not jeopardize my wealth. I would not experience a hardship even if I didn’t win the 1.5 billion dollar lottery. (You know that sounds great when you say it) I’m sure there is at least one reader of this article who spent $2,500 dollars on tickets for the lottery. I hope this wasn’t... Read More >>
Always Have More Than One Deal Going!
By Frank Iglesias
Remember being in elementary school? If it was anything like mine, sometimes a classmate would get in trouble and the teacher would make him write ‘sentences’ for punishment. Remember? Write such and such sentence 25 or 50 or eek! 100 times! It was like being sentenced to prison. It was very painful when one was young but we oftentimes got the message…don’t mess with the teacher. So let’s bring that back for a moment. Repeat after me… I shall always have more than one deal going… I shall always have more than one deal going… (Repeat as long as you... Read More >>
The Atlanta Real Estate Market Stats By Area
By Deborah Harris
Atlanta, Georgia was one of the big real estate stories of 2015 and is #5 of the top 10 markets to watch according to Realtor.com. Home prices in the metro area rose by double digits over the last couple of years, outpacing most of the nation and are finally above their 2007 high prices. Although home-prices and appreciation has leveled off to some degree, continued gains are expected in 2016. Let’s look at this growth by area (Figure 1). For the purposes of this article, we are talking about single family detached in these areas. Figure 1: Atlanta Metro FMLS... Read More >>
The Master Lease Option Series – Part 2: Keep Them Separated
By Bill Ham
I mentioned in the last article of this series that a master lease option (MLO) agreement is made of two separate documents. The two documents are the master lease and the option to purchase (also called an option memorandum). The separation is for many reasons, which I will cover in this article. Keeping them separated allows for more freedom and safety on your side of the deal. The first half of the agreement is the master lease. The lease allows us to control the operations of the property. This means that if you find a deal that is distressed due... Read More >>
How to Add Documents in QuickBooks
By Karen Bershad
Accounting is about more than just numbers. QuickBooks lets you make documents available from within the program itself. You could call QuickBooks a “green” computer program. It can conserve reams of paper by storing customer and vendor records, for example, emailing transaction forms, and accepting online payments. Most small businesses are a long way from being “paperless offices,” despite the predictions so many people made when PCs became commonplace. Even though you’re making an effort to be as digital as possible with your accounting files, not everyone else is yet. So you still have to deal with paper. And you’re... Read More >>
The Court Finally Realized Countrywide Created 3.5 Million Fraudulent Loans
By Bob Massey
I have written dozens of articles about the massive mortgage swindle the banks pulled over on us. The article that generated the most response was one I wrote in 2013 in which I detailed how Countrywide created 3.5 million fraudulent mortgages. They did it by creating a trade name (DBA) called America’s Wholesale Lender (AWL) that would write loans for them in all 50 states. Well, it took a little while, but we finally have a court ruling that could demolish the America’s Wholesale Lender scheme! For those of you who don’t know the origins of this scheme, it all... Read More >>
Compare and Contrast: Zillow Rental App for Real Estate Investors
By Don DeRosa
“Real estate sales was perfect training for the experience to go into public life because you learn to accept rejection, learn to meet new people, learn to work with people and find common ground.” ~ Johnny Isakson When I invest in a property I do my research. Long ago that meant doing the fancy footwork or being active. Going to open houses, going to model homes and condos, making phone calls, and looking at advertisements in the area where I was planning to buy. Comparison shopping was a far greater task before we had smartphones and apps to help us... Read More >>
Knock, Knock…
By Michael Vazquez
Today, social media is the big thing many real estate professionals use to market for business, at least it should be. Everyone is Facebooking, Tweeting, Blogging, Vlogging, hash tagging, etc. but how many of you still make it a point to go out and do mass socializing face to face. When was the last time you went to a happy hour, a luncheon, and/or door knocking? Yes I said door knocking. In no way am I taking anything away from online social media but it works better when done in collaboration with face to face interactions. Today everyone is focusing... Read More >>
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