Reggie Brooks
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Repairing and Using Your Credit
It’s entirely possible to reap many of the financial rewards available in today’s real estate market without ever setting foot in a bank or otherwise utilizing credit in any way, shape, or form.However, to fully seize the real estate opportunity, at some point you will want to willingly put institutional money sources, hard money loans, or even some forms of private money to work for you to take advantage of a unique opportunity – or to close a deal that is simply too profitable to walk away from.Correcting or improving credit is within your reach and is easier than you…
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Why Real Estate Is Better? – Various Types Of Investments
Which Investment Strategy is the best? Real Estate, Of Course…Life in America gives all of us some real latitude in the types of investments we can make. The goals of any investment are similar:To manage risk by keeping it at an acceptable levelKeep expenses as low as possibleRake in as much cash as you can in order to reach your financial objective.Sounds simple, doesn’t it? In theory, it should be a snap.In practice, however, it’s anything but easy or simple. Most people lose their shirts’ and some lose much more. Here’s a short list of four of the most common…
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Successful Negotiations with Motivated Owners
One of the scariest moments for many real estate investors – for those just getting started and even some experienced investors – is the realization that once a motivated seller is located and they’ve expressed an interest in possibly selling their property that it will be necessary to sit down in a face-to-face negotiating session with the seller to iron out all of the details of the acquisition and come to an agreement that both parties are happy with.It’s not uncommon for an investor to break out in a cold sweat, to second-guess their base of investing knowledge and sometimes…
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Renting for Perpetual Profits
Abandoned and distressed property real estate investing can make your financial dreams a reality. I’ve seen countless students succeed who take a property that they’ve located, made a few repairs, and then re-sell it for a tidy profit. Some enjoy these fat paydays so much that that’s all they do.Others believe that selling a cash cow before it has been depleted of its supply of milk isn’t in their financial best interest. By holding onto some of your properties and renting them out on a monthly basis, you can not only let your tenants take care of your operating expenses,…
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Rehab Wisely for More Profits
While not all distressed or abandoned properties will need extensive rehabbing, most properties will benefit from being touched up. The question many of you may have is: What makes the most sense and will do the most to help my bottom line?Before answering that question, I think it’s critical that I point out that rehabbing for maximum profit and rehabbing for maximum savings are two very different things. While you want to save as much money as possible when rehabbing a property, the specific decisions you make can have a massive impact on your bottom line.In real estate investing, the…
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Personal Financial Assessment – Do One Today!
In order to reach the top of the real estate investing mountain, you’re going to want – and need – to utilize all of the tools available to you in your financial tool belt. While you can theoretically build a house with just a few tools, the quality of the house can suffer if you don’t have certain specialized tools at your disposal. The same holds true when you’re trying to finance your real estate transactions.First, a key truth in real estate: You don’t need to have a sterling credit record or access to a ton of cash in order…
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No Money Down Real Estate Deals
Every “green behind the ears” real estate investor in America dreams of fat investing portfolios, bank accounts swelling with cash, and having the time to devote to family, civic activities, or to simply sit and watch the clouds pass by.For most real estate investors, they give up on the dream and go back to their day jobs – and put their dreams on a shelf – not because of a lack of knowledge or self-limiting negative thoughts. For most, it’s a lack of money. Let me rephrase that: It’s a perceived lack of money.Because so many wannabe real estate investors…
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How to Sell Before You Finish Your Rehab
The average abandoned & distressed property investor approaches the rehab and resale process the same way:They acquire a propertyThey rehab the propertyThey plant a “For Sale” sign in the front yardThey sell the propertyThey smile triumphantly at a job well-doneIf you’re following this model, you are quite possibly succeeding in real estate. Did you know that by shaking up the order you approach your rehab projects, you can dramatically increase the number of rehab projects you can complete in a year – and at the same time, can reach your goal of financial independence much more quickly?While you can’t do…
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Getting Debt Under Control
While utilizing a variety of credit resources – creative and institutional financing, hard money loans, and even private money – will help you to reach the pinnacle of real estate investing success much more quickly than you could with cash alone, the way you handle your personal finances can mean the difference between success and failure, and how quickly you can reap the rewards available in today’s real estate market. Getting a handle on your debt is much easier than you might think.Reducing Your Debt LoadLet’s face it: monthly payments are a drag on any budget, but when you’re trying…
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Finding Profit Making Deals
Your ability to find profitable deals is limited only by your imagination – and your ability to locate motivated sellers. There’s good news and better news: The good news is that motivated sellers are everywhere. The better news is that if you live to be as old as Methuselah (the oldest man in the Bible), you could never burn through all of the motivated sellers.In reality, while there are plenty of motivated sellers, not all of them will make good prospects for your real estate investing activities. It’s kind of like finding the perfect person with whom you want to…
