So it was now the morning of the foreclosure sale, and the first bit of news we had received wasn’t good. An IRS lien rarely is. Meanwhile, my investor friend’s plan for that morning was to meet up with the Owner and sign the purchase contract. Securing that contract was critical because for all the […]
Case Study Part 1: Next-day Foreclosure Sale Showcases Creative Deal Structure, IRS Liens, Trespassers, and More!
Once in a while, a deal comes along that provides the ultimate challenge of your real estate acumen, fortitude, patience, and your assessment of risk versus reward. In sharing this particular opportunity with you, I will describe the ins and outs of a complex deal structure which necessitated solid risk versus reward assessments. Topics included […]
“I made my first investment at age eleven. I was wasting my life up until then.” Wow! This quote from Warren Buffett really gets ya thinking!! But how can an 11-year-old invest on his/her own, without help? The truth is, they can’t do it all alone. But then again, we adult investors don’t do it […]
Previously, I have defined and explained the BRRRR method of investing in rental real estate. To recap that article, here the steps of this sequential method, and the summarized importance of each: Buy – a smart buy doesn’t guarantee your profits at the end of the rainbow, but a bad buy can certainly lock in […]
BRRRR means “Buy, Rehab, Rent, Refinance, Repeat,” and is a step-by-step method used by investors who wish to build passive income over time. Each one of the steps in the BRRRR method is implemented in order. This BRRRR method of real estate investing lends itself to taking advantage of good deals as they come along, […]
“Luck is what happens when Preparation Meets Opportunity” This quote by Seneca, a Roman philosopher from the mid-1st century AD, has been one of my favorites for years. It’s a great saying because it reminds us that we create our own ‘luck’ based on the things we do or do not do. Never did this […]