Archive | July, 2009

7 Day Short Sale Approval?

I have to admit that I am not a fan of short sale investing. It takes so long it’s almost worse than getting a loan approved. But after reading this article in the Washington Post, I  could change my mind… Already, Bank of America, the country’s largest mortgage lender, has seen completed short sales jump [...]

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Flip Hop?

So, according to Forbes even the rappers have become (or tried to become) flippers. 50 Cent overimproved a house he bought from Mike Tyson for $4.7MM adding a shoe room, ATV track and entertainment system programmed with 3,000 movies. Was on the market for $18.5MM for two years and still hasn’t sold. Hmmm, wonder why. [...]

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Land Trust Agreement

Here’s a sample Land Trust Agreement for you! In a land trust, the trustee holds legal title to all trust property and the beneficiary is usually your LLC. They’re cool because the beneficiaries retain use of the property and any income it generates. In addition, the trustee can act

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Are Portfolio Loans Too Good to Be True?

Here’s a question that I got last night from a reader: I’m dazed and confused, straighten me out here!  In your e-mails to me you keep reiterating that portfolio lenders exist out there that will allow the following: –unlimited properties in my LLC’s. –Blanket Mortgages. –unlimited # of investor loans. –immediate & unseasoned cash-out. My [...]

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No Non-Recourse Loans in Arizona

I just found out that North American Savings Bank, the premiere provider of non recourse loans for buying properties with your self-directed IRA, has suspended loans in Arizona until further notice. That means you can live in Arizona and buy a property in another state but NASB won’t finance a

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May REI Stats

My friend Trevor at The REI Brain just posted some great info about the state of real estate in May 2009. Check it out! http://www.thereibrain.com/may-2009-local-real-estate-market-statistics-and-indicators/286/

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Fractionalized Trust Deeds

Here’s the replay of the June 2009 Insights Virtual Class: Fractionalized Trust Deeds How to Use Multiple Private Lenders on Deals Without LLC’s or Lien Position Issues Original Air Date: June 26, 2009

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