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The Fed’s Trying to Outlaw Seller Mortgages

From THE PAPER SOURCE JOURNAL, July, 2011: The Federal Reserve, which received sweeping new authority under the Obama regulatory reauthorization, wants to effectively eliminate seller-held mortgages. It will do this by enacting a rule for the Dodd-Frank Act prohibiting property sellers from taking back a mortgage unless the buyer essentially can qualify for conventional financing! [...]

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How to Use Your Retirement to Fund REI Deals

Did you know you have a real estate investment tool in your retirement account? I’m talking about your Individual Retirement Account or IRA. You can convert a managed IRA to a self-directed IRA and decide the type of investments you want. Step One: Fire Your Stock Broker Instead of having a financial planner, broker or [...]

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How to Become More Efficient with Private Money

If you’ve been building relationships with private investors, you know they want to earn big returns off their money. They want you to maximize their return without them doing the work. That’s just what I did. I began pooling what I call remnant money to close more deals and make more money for my investors [...]

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Getting Rich is a Team Effort

You may have closed a few deals or none at all, but I truly believe you can escalate your path to wealth by building a team of private money investors. Getting rich is a team effort and if you employ syndication, you and your team are going to get there faster. I truly believe that [...]

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The ABCs of Private Investors

Always ask everyone who they might know that wants to earn an average of 10% return on their money. Build relationships through your REIA chapter. Clearly outline the benefits for potential investors before the meeting. Developing your network is the key to expanding your investment business. Everyone is a prospect.

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