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Many real estate entrepreneurs have discovered that when there’s more equity in a deal, there are more exits and more ways to create an acceptable offer to the seller.

If there’s no equity then you have to create it by discounting the debt or waiting years… hoping the property appreciates. The benefits of targeting houses that are free and clear (or have very little debt) include:

* If you need cash for buying and getting a house occupied, you can borrow against the equity (without bank qualifying) using hard money loans or private investors.

* Not only can you raise cash for a down payment, repairs or remodeling, paying off liens, marketing expenses and holding costs BUT you can also pull out some EXTRA cash on the day you buy. (more…)

As a real estate entrepreneur, you get paid for solving problems. And the more problems you solve (or more value you create) for buyers and sellers, the more profits you can generate.

So when you’re experiencing a real estate market climate that’s causing big challenges for a lot people, it just means you are looking at an opportunity to make an incredible fortune investing in real estate.
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The U.S. Senate is considering a bill that would severely limit the way you do business as a creative investor and, more importantly, is an inexcusable infringement of the property rights of all Americans.

HR 1728, which you can view in its entirety here: www.govtrack.us/congress/bill.xpd?bill=h111-1728

It covers a lot of different topics but here’s the important part. You will NOT be able to sell more than 1 property with owner financing every 3 years!

Their definition of Seller financing includes land contract, owner-held mortgage or wrap-around mortgage-and who knows if they’ll define lease/options as owner financing, too?

It means that you will have to comply with a long, confusing, and penalty-filled piece of national legislation. Here are the types of transactions that you would be restricted from doing more than once every 36 months:

• Selling YOUR OWN HOME using a land contract or owner-held mortgage so that you can get a quicker sale, higher sale price, or better rate of interest than is available in other investments
• Carrying back owner-held second mortgages on investment properties that you sell
• Doing any kind of installment sale on residential properties including homes, condos, mobile homes, and even raw land that is zoned residential

The bottom line is, this law has to be stopped and it has to be stopped NOW. Here’s why: (more…)

As many of you know, I am a huge advocate of owner financing especially in our current credit situation in our country and getting owner financing is so much easier when the seller has equity to work with.

It is very difficult to have a seller offer owner financing when they owe 100% of what their house is worth and, on the opposite side, it is much easier to make a deal work when a seller has some equity in the property and you can make offers that are creative with that equity.

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Self storage units have simplified management and potentially consistent cash flow. That makes them an attractive investment. You have to shop well, however, because the return on investment is probably low in most areas now, due to competition.

Investing in self storage units was a great idea almost anywhere 30 years ago. Now that every little town has several of these facilities, you may have to do some serious research to determine if there is still room for one more. On the other hand, if there is a need for more storage space, there are some real advantages to this kind of real estate investment.

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More people are becoming millionaires today than ever before in the real estate business. So what makes these wealthy entrepreneurs so different? They chose the road to wealth and real estate as the vehicle to get there.

When choosing the road to wealth, there are some important distinctions that set the truly successful people apart from everyone else. Some of those include the ability to visualize a specific outcome, pursuit of a dream, constant motion and a relentless determination to reach the goal. Giving up is not an option. Like the saying goes, “Quitters never win; winners never quit!”
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Kathy Kennebrook is the ultimate success story. She spent 12 years in the banking industry and another ten in sales logging thousands of miles each year in order to make a living before discovering the world of real estate. After attending some real estate seminars and club meetings this 4 foot 11 mother of two got really excited and turned on and before you know it she had bought and sold over 250 single family houses using none of her own money or credit.
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Richard Roop has fast become known as “The Marketing Consultant for Real Estate Entrepreneurs.” He has been a full-time creative real estate investor since 1996 and continues to buy and sell 3 to 4 houses each month near his home in Woodland Park, Colorado.
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