Watch the entire video at http://thereiminute.com/
If you are a real estate investor and are looking for ways to control properties without having to go to the bank for a loan and a big down payment then subject to financing is for you. Subject to expert Don Derosa joined me this week to share some of his inside secrets to subject to investing including his 3 criteria to spotting a good deal.
Watch the Video at http://thereiminute.com/rent-and-sell-homes-with-craigslist
Episode 12 - Rent and Sell Homes with Craigslist
I know the idea of getting a house really cheap is very exciting and sexy but if you don’t have an exit strategy then you are stuck with a property that you have big time holding costs on. That’s why it is important to know many ways to move a property. Today we focused on one very effective and affordable method, selling and renting your homes online.
Links from this Episode
Finding and Analyzing Deals
If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.
Watch the Full Video at http://www.thereiminute.com/how-to-analyze-comparable-sales/
It’s Viewer Question Friday and we had a very good question from Janiro…
“When finding 3 properties does the structure have to be the same, for instance when I researched my subject property on zillow the comparable properties were within the one mile radius, they had similar square footage as well as the same amount of bedrooms and bathrooms. However, I noticed that my property was wood with a 2 car detached garage, but the other properties were all brick with attached garages. Is that ok or should I find more properties?”
There are Four Main items you need to consider when developing good comparable sales, they include…
Finding and Analyzing Deals
If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.
Episode 10 - Financing Flipped Homes with 203k Loans
Continuing with our them of flipping houses this month we are looking at a loan program many investors don’t know about, HUD’s 203k mortgage insurance program. This program is not available for investors but is available for home buyers to purchase a home that needs work and finance the rehab costs into the mortgage. This coupled with the First Time Homebuyer’s Tax Credit makes it a perfect way to give a retail buyer a dream home and help you move inventory.
Links From the Show
Episode 9 – Flipping Foreclosures and Short Sales
For a while now there has been some confusion about flipping bank owned homes and flipping short sales. We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day. Today we decided to prove to you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies.
Flipping Clunker Houses Webinar Replay, http://getrealrei.com/larrygoins
If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license. This would hurt real estate investors and home buyer’s alike. Let HUD know that you think this is a bad idea. They are taking comments on the ruling. Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard. http://thereiminute.com/hud-wants-to-end-seller-financing
Episode 7 - How do you Calculate Cash Flow to Know if You Have a Deal
Adam had a good question regarding what goes into calculating cash flow on a rental property.
“When investors talk about a property cash flowing, does that mean at 20-25% down payment? What if you put down 30 40 60 etc.”
Analyzing cash flow has been up for debate by many investors for a long time. We prefer to take a more conservative approach and make sure we include all of our one time and recurring expenses when we calculate cash flow. The one thing it doesn’t do though is tell you if one deal is better than another. Instead it is more of a minimum criteria calculation to quickly weed out properties that don’t make the cut.
Flipping Houses is Back!
Join us Feb 16th at 9pm as Larry Goins shows us how he is making really good money on small clunker houses others pass on. He is buying and selling these houses without cash, credit or even a buyer’s list to wholesale them too. If you ever wanted to pick up maybe $5, $7 or even $12k on a deal and do it consistently each month you need to check this out.
Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales
On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program. This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals. Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing. Just as importantly for us it may signal the beginning of better relationships between banks on short sales. Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved!
FREE Property Analyzer Software
Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins
February 16th at 9pm East - Only 100 spots an 18 left!!
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals
The REI Minute Episode 4 1st Time Homebuyer Tax Credit Extension
Last week there was a lot of talk surrounding the idea that congress needs to extend the 1st Time Homebuyer Tax Credit beyone it’s April 30th deadline. Everyone from NAR (National Association of Realtors) to economists from the big banks have given their two cents. Today we discuss the idea of extending the tax credit and how it effects you as a real estate investor or Realtor.
**JUST ANNOUNCED**
Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins
February 16th at 9pm East
http://thereiminute.com It’s viewer question friday. Today we answer the burning question, “How do you profit when you flip short sale deals without a real estate license.” We answer this and more
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No More 90 Day Seasoning
On today’s special edition of Wha’ts News we discuss the new HUD temporary lift on 90 day seasoning to finance homes. This is going to be big for real estate investors who buy foreclosed homes and then want to fix and sell them quickly. No more waiting forever to get your homes sold. It will also help neighborhoods begin to see re-stabilization after being hit hard by foreclosures and vacant homes.
Links from Today
Download a Copy of the Waiver
Want more detailed analysis of the waiver? Join the Club for a video going through each step of the waiver to make sure you qualify.
If you are doing short sales then you need to check out this story about big banks allegedly asking for money off of the HUD to get your deals to go through. Isn’t it time we all just got along and played by the rules? Big Banks – We want to help you, let us do it!!
Links Mentioned on this Episode
If you are doing short sales then you need to check out this story about big banks allegedly asking for money off of the HUD to get your deals to go through. Isn’t it time we all just got along and played by the rules? Big Banks – We want to help you, let us do it!!
Links Mentioned on this Episode
If you are new to investing or have been working the business for years you know that the most important thing in your business is to have a network of contractors, professionals and other investors to build your business with. In the past it took long hours and running all over town meeting new people to get the task done. Our friend Andy Heller has just launched what we think is going to be one of the biggest networking tools ever for real estate investors and it is totally free. Check it out at http://realtyjoin.com/getreal and listen in to this special episode as Andy explains all of the details. Did I mention it is FREE!!
Just like every year when we get to the new year we start to look at doing new things in our businesses. On this week’s show we are sharing with you 5 things you should focus on when planning to take action and make some money in real estate this year.
Big Changes!!
After a lot of work we have made the decision to change up the format to Get Real this year. We are going to start doing short videos 3 times a week for you to get your real estate investing fix 
We will no longer be doing the 1 hour show each week. The great news is we are adding 2 hours a month of shows to the real estate investing club and are going to add 100’s of hours of video, audio and other educational resources there. Check out the changes at http://getrealrei.com/membership/join-us
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Is 2010 going to be the year you break out and make real estate investing your full time business? or at least start making more, consistently? We have put together 3 Things You Need to Know if You are going to make money in real estate in 2010. Listen in as we break down each of these items. Here is a sneak peak…
Buy Bank Owned Foreclosures
Learn How to Acquire Private Money/Credit
Pounce on the First Time Homebuyer’s Tax Credit
“How should I invest my tax credit money”
Real Estate News
Zillow has just introduced their new service offering, rental comparables. While everyone wants to know if Zillow is accurate for housing prices millions are still using it and their data gets better every day. We wonder how long it will take for the rental comparables, which is much harder to gather, to be a reliable source of information.
If there was a way to utilize other people’s money to fund your deals would you be able to do more deals? Absolutely the only thing that would hold you back is finding people with the funds. I know many people don’t have a lot of extra cash lying around but you would be amazed by the number of people with money in their IRA’s just dying to get a better return on their investment and jump into this super low priced real estate market.
Todd Senff from Equity Trust a self-directed IRA custodian joined us this week to answer all of your questions and to get you started getting all of the private money you can handle from other people’s self-directed IRA’s. Todd shared some great information including…
Listener Mail
“How will updating my HVAC unit and windows increase the sales price of my home” From my DAD 
Stocking Stuffer
While they last we have some spots left in our 2009 Stocking Stuffer offer, that means over 20 hours or 16 DVD’s worth of real estate investing training for only $99. These are limited though so get yours today and let your family know what a great gift it would be. http://getrealrei.com/stockingstuffer
If there was a way to utilize other people’s money to fund your deals would you be able to do more deals? Absolutely the only thing that would hold you back is finding people with the funds. I know many people don’t have a lot of extra cash lying around but you would be amazed by the number of people with money in their IRA’s just dying to get a better return on their investment and jump into this super low priced real estate market.
Todd Senff from Equity Trust a self-directed IRA custodian joined us this week to answer all of your questions and to get you started getting all of the private money you can handle from other people’s self-directed IRA’s. Todd shared some great information including…
Listener Mail
“How will updating my HVAC unit and windows increase the sales price of my home” From my DAD
Stocking Stuffer
While they last we have some spots left in our 2009 Stocking Stuffer offer, that means over 20 hours or 16 DVD’s worth of real estate investing training for only $99. These are limited though so get yours today and let your family know what a great gift it would be. http://getrealrei.com/stockingstuffer
“>Download this Episode
No matter what type of investing you plan to practice at some point you will need to rely on a quality contractor with integrity. This week on the show we spoke with contractor and investor Chuck Whiteside. Chuck shared some of his experience so that we could find the best way to find a good contractor and how to work with them. Chuck even shared information about when to hire a general contractor and when to go it alone.
Stocking Stuffer
The holiday season is finally here and we have topped any of our past annual stocking stuffers by offering over 20 hours of real estate investing education on video, for only $99. Check out the details at http://bit.ly/4J6Kh2
Listener Mail
“Is it possible to include in a contract with a contractor to hold part of the pay after the job is complete in case there are issues with the work completed?”
iPhone App Extras
Video - Rehab house critique
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It’s true that there are a ton of great deals out there in the real estate market today. The fact is there aren’t as many buyers as there used to be. For the savvy real estate investor that means acquiring properties at great prices today and holding them for long term growth. If you have any rental properties in your portfolio you know how important it is manage the properties and tenants correctly. Mark Walters of MW Properties joins us to help you navigate the property manager selection process and the things to do to keep people in your homes.
Real Estate Investing in the News
Listener Mail
“What loan modifications are there available for real estate investors and how does it affect your credit?”
Do you have a real estate question? Call 800-878-4982 and leave a message or click here to ask now.
iPhone App Extras
Getting 5 Star Tenants by Greg Gardner (pdf)
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On this week’s show we are doing something a little different. We are dedicated the entire show to answering your questions and filling you in on some important things going on in the real estate investing industry. Being successful is not just about finding the next great deal but it also includes understanding what is going on in the world around us so we can capitalize on new developments to further our business. This week we are answering questions including…
Plus we are keeping you up on new developments in real estate investing including…
iPhone App Extras
Google Real Estate Video
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