How to Find the Motivated Sellers (Part 1)
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Motivated sellers are the key to all good real estate deals. Read this sentence again and impress it on your memory forever. Whenever you remember it, you will increase your potential profit, make better deals, put more cash in your pocket, and save valuable time.
One of the primary reasons for failure in real estate is trying to buy from unmotivated sellers. It's like trying to push a rope. It will absorb all your time and energy, and it will get you nowhere. Find the seller who really wants to sell, and you will buy a lot more... continue reading >>
How to Find the Motivated Sellers (Part 2)
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Remember, the key to successful real estate investing is motivated sellers. In Part 1, we discussed several ways to find motivated sellers. Let's continue.
FSBO signs
It is amazing how many people do not advertise their home for sale. Some people are so sure the world will beat a path to their door, they just put up a single small, handmade sign. Sometimes it's not even legible from the street.
Of course, this can work to your advantage as an investor. If you are the only one who pays any attention,... continue reading >>
Magic Words That Make Millions
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I've just finished reading a book called Magic Words That Bring You Riches, by my good friend Ted Nicholas. Ted has sold over 200 million dollars worth of information products worldwide by direct marketing. Over the years, he has put together a collection of "magic words" to get people to do things they ordinarily wouldn't do.
In Magic Words, Ted discusses how to do things such as get the best table in a restaurant and first class seats on airplanes. He talks about how to slash the cost of a room at first class hotels and attract all... continue reading >>
You Can’t Eat Everything That Looks Appetizing
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In my last issue called “Get Er Done” I wrote about how some people just can’t seem to get anything done and others move through life like giant bulldozers, accomplishing amazing things in what appears to be very short time frames.
This issue is the counter point and a discussion of why trying to do too much can be just as destructive, maybe more so.
Somewhere in everyone’s personality and lifestyle choice there’s a... continue reading >>
Where To Get The Money... Even If You Are Bankrupt And Broke (Apr 04)
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When I started investing in real estate in 1982, I thought you had to have money. I was working a job and was broke. Since then, I have learned that you don't need money, credit, or a steady job to do this type of investing. Of course, having a little cash wouldn't hurt, but I know some of my readers don't have any I so this article is for you. Mortgage Brokers and Short Term Money.
The best place to get short term money is through a mortgage broker who will know what will work and what... continue reading >>
When Will The Bubble Burst? May 06
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A few days ago while sitting in my plane I was reading the USA Today and the Wall Street Journal because my pilots picked them up from the F.B.O.
The USA Today had an article that said housing prices would continue to increase this year for a 6.8% gain over last.
The WSJ said house prices would decline this year between 3-8% over last and made a mention of...
The Bubble
When to Look A Gift Horse In the Mouth
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Many investment courses and books on real estate (mine included) tell you to find a motivated seller. That's where you get your good deals. As a rule, that's true. The higher the level of motivation, the more likely you're going to get a good price or good terms or both. But generally, when you find a motivated seller offering a good deal, you should take a moment to look that gift horse in the mouth. Ask hard questions about why a seller is motivated. Here are some examples of good opportunities that shouldn't necessarily motivate you to buy.... continue reading >>
When The Rent Won’t Cover The Payments, Here Is What To Do!
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We got a request from FFN member Robert Pinsky to address the subject of high priced houses VS market rents and how to do lease options in areas like his, Southern California, where the payment is more than rent.
Thank you, Robert, for submitting the request and let this be a cattle call to all members to do the same. These monthly lessons are for you and should address issues that bother you as well as things I think you should know. So, let Dennis know what keeps you up at night and I’ll fix it... continue reading >>
Whatever Happened to Hustle?
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A great deal of my time is devoted to teaching and I’m always confronted almost everywhere I appear with three different types of people in my audience.
The first type are those who are bearing me for the first time and just beginning their awareness stage of their training. They never knew so much opportunity was available or how to get at it so easily. Their lives are catered to conventional wisdom, listening to broke people tell them how to get rich.
Whatever Happened To Common Sense?
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I'm in my eighteenth year of teaching now and there is one thing that hasn't changed since I started...
Most People Insist On Doing The Same Stupid Stuff Day In And Day Out
And Then Wonder Why They Aren't Rich
What ever happened to good ole common sense? For some reason it appears to be quite uncommon. Sometimes I stand in awe of how many people go through life requiring a babysitter to make decisions for them because the ability to reason and make simple decisions was somehow left out of their chemical makeup.
... continue reading >>
