Using Craig's List - Are Your Ads Actually Being Posted?
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About a week ago I noticed a drop in my calls (and even a drop in spam emails). I got my partners phone calls asking to show some of my lease option homes. Since I am the one who does the most business I became a little concerned.
Craig's List Accounts
For those of you who post your listings on Craig's List you know that if you ad is active then the ad is highlighted green on your account page. If you delete an old ad then it is highlighted blue, and if... continue reading >>
Driver Safety Program for Parents of Teenagers
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Many of you here on REInvestor know me as the guy who does lease options in Las Vegas, NV. I have done this for nearly 6 years in running this professional business.
My new business is not real estate related but I hope you all can see the value of keeping your family safe.
Recently I have started a new business and wanted to let others know of the new driving safety company. This new business is geared to keeping our teens safe on the road. My new company is called Driver Watch, Inc. (http://www.driverwatchusa.com) This... continue reading >>
The Importance of a Rental Application
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When you are renting or doing a lease option on your investment home the first item they must put together is a rental application. The more detailed it can be the better, but don't make it so long that it would compare to a military full security check. I keep mine at one page.
The most important items you need for them to put on this document is:
1) Full Name
2) Social Security Number (try to photocopy this if you can)
3) Date of Birth (verify this with their driver's license or ID)
4) Last known address... continue reading >>
So Many Foreclosures – Increase in Lease Options?
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Normal 0 false false false MicrosoftInternetExplorer4 With so many people losing their homes to foreclosure what are the chances these people or families want to become homeowners again and quickly? What I have discovered over the past several months is that many people want to remain the status of homeowner even though they may have lost their most prized tangible possession. They may be too proud to become renters or they just have that ownership feeling and want to get back into asap.
What can they afford? Affordability, is the same as... continue reading >>
What to Look for in Bank Bulk REOs
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After over a year on and off in the Bulk REO business you do learn a thing or two and what to avoid or trust. There are many things to look for in both finding the seller with product or the buyer with funds. Connecting these two can be as difficult and frustrating as anything you can do.
Let’s first talk about Sellers. When I first got started in this business and the main reason I got out of the Bank Bulk REO business... continue reading >>
Sandwich Lease Options -- Pros and Cons
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Normal 0 false false false MicrosoftInternetExplorer4 Today’s topic will be the use and how to use a Sandwich Lease Option to your investment portfolio. To my knowledge this is the only technique where you are guaranteed a positive cash flow without actual ownership of a home. It doesn’t matter if you are buying in San Francisco or in a medium sized town in the Mid-West.
Over the past 6 years of helping owners find lease option tenant/buyers for their investment homes, I have strongly considered doing a “Sandwich Lease Option” on some of these homes.... continue reading >>
New Lease Option home -- 1017 Magnolia -- Las Vegas, NV
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http://www.youtube.com/watch?v=EdVs-rcR91UAfter a few homes of not receiving new listings we have just received our first lease option (aka rent-to-own) home in the Las Vegas, NV market.
This home is fully renovated and ready for the next tenant/buyer. It has 16" and 18" tiled floors throughout the entire home. Carpets have been overlayed on the tile in the bedrooms. 3 bedrooms and 1 bathroom in this 1386 square foot home. Terms are $4,000 option payment which is fully applied toward the $99,000 purchase price. Each month is only $1,395 which includes a @... continue reading >>
Flipping vs Buying and Holding -- Basic Exit Strategies (Part 2 of 2)
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Normal 0 false false false MicrosoftInternetExplorer4 In the previous Flipping vs. Buy and Hold article we discussed the pros and cons of flipping and other short-term or near short-term strategies for buying real estate. We covered the advantages of flipping and the tax ramifications of selling properties in less than 366 days.
Now let’s discuss all of the long-term strategies. Recall they include:
Renting them out.
Rehab and rent
Lease Option
We will use the exact same criteria for these long-term deals. Recall the buying values were as follows:
Flipping vs Buying and Holding -- Basic Exit Strategies (Part 1 of 2)
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A question that I am beginning to get asked a lot is what I should do with my homes after I have bought them. Let’s assume you did buy in bulk from a REO package or simply found them through a Realtor or other personal contact. For the purposes of this article, let’s assume you bought them at 70 cents on the dollar.
There are always two schools of thought on the debate of should a person flip or hold onto a property or group of properties. Also, if you are going to “hold” a property, then... continue reading >>
Bulk REOs -- New 6 Listings
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We have a large number of new inventory items in our bulk REO inventory. if you are interested in a specific package please contact me via email (kevin@tridentinvestmentsllc.com) or phone (702-591-1784). Please refer to the package number you are wanting. An NCND will be required. We will not provide addresses nor additional info without the NCND. End buyer will require LOI for additional info. We do not allow our packages to be shopped around as this will cause a reduction in value of a specific package.
Laguna Hills, CA Shopping Center -... continue reading >>