19 | Your Personal Seller and Lender Credibility Kit… Why You Need To Have One

What exactly is a credibility kit?

Why do you need a credibility kit?

These are the questions I hear most often from students when I am at real estate events.
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31 | Small Businesses And Business Credit

Small businesses are the major driving forces in our economy. So why then do 50 % of small businesses fail in their first year, and 95% by their fifth year? The answer is simple: they run out of MONEY!

Dun and Bradstreet, where lenders turn when deciding how much credit they are willing to give you for your business, compiled these most frequently asked questions about the important subject of business credit.
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29 | Where To Get The Money… Even If You Are Bankrupt And Broke

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. more…

09 | Personal Credit vs. Business Credit

“It’s not what you don’t know that will hurt you. It is what you don’t know that you don’t know which will.”

Please be advised that I am not an Accountant or Attorney – so prior to acting on any of the information presented in this article, be certain to contact a Tax and Law professional to get legal advice specific to your situation.

Most people are pretty familiar with Personal Credit and what they need to do in order to maintain a good FICO Credit Score. Actions such as low revolving balances, always making payments on time, using different types of credit, and length of credit history all play a major rule in determining an individual’s Personal Credit worthiness.

If dealt with properly, leveraging Personal Credit can be very useful in further advancing an individual’s net worth by wisely investing the borrowed money.

Did you know that just as there is Personal Credit, there is also Business Credit?
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08 | Attention Real Estate Investors: 7 Reasons Why You Must Have Business Credit If You Truly Desire To Be Successful

Are you clueless about business credit? Would you like to know what business credit can do for you? Then you better read this article word for word because what you don’t know could actually be costing you.

Having a bankroll of credit for your business not only gives you a HUGE advantage over your competition, but it protects you and your family from danger. Here are just 7 of the top reasons to consider business credit:

1. You’ Are Less Likely To Fail – According to the Small Business Administration, 50% of businesses fail in the first year and by the fifth year 95% of businesses will ‘bite the dust’. The #1 reason for their failure is lack of financing!

2. EXPLOSIVE Amounts of Money When You Need It Most – When you buy houses with personal credit, there comes a point when you get tapped out. The banks stop lending to you, your personal credit score starts dropping and eventually your interest rates will climb, costing you money. With business credit, you can get access to much more money because your corporation is going after it. Here’s the best part. You can have multiple corporations and establish credit for each one, unlike personal credit obtained using a single social security number!

3. Ultimate Leverage – Real Estate is all about leveraging other people’s money, not yours. No money down, right? With business credit, you aren’t putting up your own money. You’re having your corporation front the money.
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04 | What can you do to improve your Personal Credit Rating?

Anyone going through this process needs to have an updated copy of their credit report with their current credit score, but you really want to get your credit scores, not just your credit report. Credit reports show your file, but do not compile your score for you.

I recommend www.truecredit.com. For between $9.95 and $14.95 you get scores from the main credit bureaus: Trans Union, Equifax and Experian. These scores’ average determines your FICO score–the ultimate determinant of your personal creditworthiness. more…

02 | How is your business credit used by other businesses?

How is your business credit used by other businesses?

Companies rely on your business creditworthiness to make critical decisions, including whether:

• to sell to you
• to lend you money more…

28 | Successful Apartment Ownership Starts With a Solid Team – Part Three

In a previous article, I introduced the idea of having a team around you to help build your apartment empire. Let me quickly remind you that having a good professional team is recommended for any kind of real estate investing. Just to recap, some of the essential team members that you’ll want to have in place include: more…

27 | Flip Your Way into Long-Term Holdings in Real Estate – Part Two

Two of the three primary reasons to be a real estate investor are quick cash and long-term wealth. The reality will set in at some point that you can make a lot of quick cash in real estate but it also will not make you wealthy. Wealth comes from investing in appreciating assets and letting your investments work for you. Real estate offers this opportunity but only if you hold some of the properties in which you invest. This usually requires capital so where is it going to come from? more…

21 | Flip Your Way into Long-Term Holdings in Real Estate – Part One

Two of the three primary reasons to be a real estate investor are quick cash and long-term wealth. The third, monthly income is a byproduct of good investments and is a topic unto itself so I’ll be discussing it more in a separate series of articles. In this article, I’ve linked quick cash and long-term wealth pursuits in real estate because they are more closely linked than you might think.
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13 | Flipping Houses- A Proven Way to Profit From the Current Foreclosure Market

When real estate investors evaluate their options for securing deals and making profits, there are several things that may come to mind. Whether its owning rental properties, flipping houses in disrepair, or buying foreclosures, investing is still based on similar principles, such as seller motivation.
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27 | Get Out of Your Comfort Zone and Make Some REAL Money

Everyone has a comfort level in which they live and work. That level is determined by several factors and can be changed with practice and time. We have a choice of what we do each day, how we spend our time and how much money we make. This may come as a surprise to some people who are convinced their income is someone else’s choice, not theirs. Nothing could be further from the truth. Your income is the result of one thing and one thing only…. more…

08 | Fixing Up Your Little Rental House

Should you just put lipstick on the pig?

As more investors dive into the “distressed” market of buying little houses, they are faced with the question of how much money to sink back into the property before renting it or re-marketing it. There are a number of schools of thought on this, but there are some basic tenets that you can apply to your decision process. more…

16 | Jack Bosch Land Profit Generator is Available

OK. my BRAND NEW LAND PROFIT GENERATOR Program is out and available.
Plus you get over $39,000 in Bonuses!!!

Go here now:

Get your Land Profit Generator Copy Here

You can’t sit on this long.
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13 | Creating Your Irresistable Offer (video)

That’s right, you can have thousands of people visiting your real estate web pages daily…

…but if you don’t know how to offer them something they can’t resist, they’ll leave and you’ll lose them forever!

In my new video just posted this morning I’ll SHOW YOU EXACTLY how to create your Irresistable Offer so people who visit your web pages practically fall over themselves to do business with you…

>> Click Here to Watch the Video < <

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11 | How To Sell Land FAST with a KILLER Buyers List

Here’s EXACTLY how to become successful in real estate investing,especially in today’s buyer’s market.
You need to build a list of Motivated Home Buyers that are just waiting for you to let them know when you have a good deal because buying properties cheap today is the Easy part! Being able to sell them FAST for a BIG PROFIT is what you should be focusing on…
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29 | Where To Get The Money… Even If You Are Bankrupt And Broke

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. more…

15 | Tax Lien Foreclosures Are a Great opportunity for Cheap Land!

Tax Lien Foreclosures are a little known method to acquire properties for as little as 5-10% of the true market value of a property.

In the US, every year hundreds of thousands of property owners do not pay their Real Estate property taxes on time. As a result in 18 states there are laws allowing the Counties to do so called “tax Lien Auctions” and auction off the Delinquent Tax obligations to investors in exchange for them receiving several rights.

Right #1: the right to collect a (usually high) Interest rate:

In many states these interest rates are 16% and higher and (in Illinois they are 18% per half a year for a total of 36% per annum). Usually the rates are between 12% and 36% with some exceptions where instead of a rate which is prorated if the owner “redeems (= pays off the taxes), the state allows for a Penalty, meaning the property owner has to pay a fixed percentage no matter if they redeem the property in 1 day or 11 months and 30 days.

Right 2: The Right to Foreclose on the property:

Once the investor pays the outstanding property taxes to the county, a lien is being placed against this property to make sure the Investor get’s paid back his investment plus interest when the property is sold.

However if the property is not sold or the owner does not redeem the Tax lien Prior to a Tax Lien Redemption period, the Lien Holder has the right to foreclose on this property.

Redemptions periods very from state to state but usually range between 3 and 5 years.

Depending on which state it is, the foreclosure can be fast (in some cases the State does the foreclosure for the investor) or take up to a few months. But in most states, the Tax lien supersedes most other liens including Bank Mortgages and Mechanics liens. The only exceptions are Federal and State IRS Liens and very few other, rare liens. As a result a Tax Lien Foreclosure usually leads to a free and clear title to the property.

Right 3: To buy the subsequent year’s Tax liens in advance without competition.

Most Tax Lien States have a provision in their statutes allowing Holders of Tax liens to purchase the next year’s delinquent property taxes as soon as they become delinquent, without competition and therefore months in advance of the next tax lien auction.

As a result Tax Liens are a very safe investment which in the worst case results in the investor making an EXCELLENT return on his/her investment and in the best case results in the investor making getting the actual real Property worth up to 20 times the amount the investor paid in property taxes.

Example (assuming the property owner does not redeem the tax lien and the Redemption period is 3 years):

Property value: $100,000

Annual Property Taxes (including some fees and Penalties): $1,500

In this example:

The Investor Pays to the county:

- In year 1: $1,500.00 in exchange for a TLC for that amount.

- In year 2: $1,500.00 in exchange for a TLC for that amount.

- In year 3: $1,500.00 in exchange for a TLC for that amount.

After year three is over, the investor forecloses on the property which costs him another $1,000.

Total investment made:

$5,500 and the value of the property is $100,000.00

The investor now hit the “jack-pot” and can decide what to do with his property. Sell it, move in, build on it (if it is a vacant land parcel) or just hold on to it for future appreciation.

14 | Hidden ways to make money from Tax Delinquent Properties

Most people know about going to Tax Lien and Tax Deed auctions and consider these to be the only two ways you can make money investing in Tax Delinquent Properties?

However this like saying that putting a fishing rod with a fly into the sea is the only way to fish. It is ONE way but for sure not the only way.

Here are some additional ways you can profit from Tax Delinquent property investments.

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13 | Tax Delinquent Property Investing Basics

After writing many articles about the ins and our of Tax Delinquent Property Investing I keep coming across a large number of people who are interested in the subject but who did not yet have the chance to learn what this Tax Deed and generally the Tax Delinquent Property Investing system is all about.

Well, let me take the time today to go back to the basics and explain how this works. more…

13 | The Real Estate Market Recovery

Don’t Miss This Boat, It Looks Like The Tide May Be Turning!

Yes, it may be too early to label this as the beginning of a market recovery, but it certainly is the beginning of some positive activity in the low end home sector. Just think about it. In sunbelt areas like Phoenix, Arizona, you can find a nice home in the $40,000-$60,000 price range. It is amazing to see houses that were $150,000-$240,000 just a few years ago going for 25-30% of the previous values, and that is not going to go unnoticed for long. more…

29 | Landlord Reference Checks – A Key To Happy Landlording

From time to time tenants move. Some move once a year, some for a bigger or smaller apartment, some for a job change and some because they are trouble tenants and are forced to move due to an eviction or because they are skipping out on rent. As a landlord, it is important that you fully understand the reasons that a tenant is really looking at your apartment if you want a trouble free relationship.
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25 | Generations Apart:

There are over 84 million Gen Yers (or Millenials) in the population, according to 2000 Census Data. One quarter of the US population is part of this generation. This group is poised to make up the bulk of the overall US population within the next 20 years. This generation is a diverse group with 1 in 3 non-Caucasian and 1 in 4 from a single parent home.

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13 | The Real Estate Market Recovery

Don’t Miss This Boat, It Looks Like The Tide May Be Turning!

Yes, it may be too early to label this as the beginning of a market recovery, but it certainly is the beginning of some positive activity in the low end home sector. Just think about it. In sunbelt areas like Phoenix, Arizona, you can find a nice home in the $40,000-$60,000 price range. It is amazing to see houses that were $150,000-$240,000 just a few years ago going for 25-30% of the previous values, and that is not going to go unnoticed for long. more…

08 | Fixing Up Your Little Rental House

Should you just put lipstick on the pig?

As more investors dive into the “distressed” market of buying little houses, they are faced with the question of how much money to sink back into the property before renting it or re-marketing it. There are a number of schools of thought on this, but there are some basic tenets that you can apply to your decision process. more…