• When a Real Estate Deal Falls Through

    As always, you are advised to seek your own professional counsel. I am not a licensed attorney. Therefore, by the law as, I understand it, I cannot make any legal representations as to the accuracy or legality of the views or tactics referred to below. The following is my opinion for better or for worse.

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  • Mitch Stephen has the Periscope app!

    What is Periscope? You will really love it. When Mitch wants to get a message out to you he will be LIVE online on video talking to you. You can access right away through your phone. There is no agenda, no rules, no clue what he will be broadcasting. Just make sure to add him

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  • Becoming a Successful RE Investor is NOT Easy

    Becoming a Successful RE Investor is NOT Easy (If anyone says, “It’s easy!” – run!) I don’t think anything worth doing is easy. I think it gets easier if you manage your expectations and build your business steady as you go. Don’t get overloaded and don’t get too far out on limbs...

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  • Stock Market Makes Finding Private Money Easier

    Sometimes The Stock Market Makes Finding Private Money Easier! I don’t own any stocks, but I listen with an ear towards the markets. On days when the stock market scares the living dog-dookie out of investors, it’s a great time to approach the subject of private lending with those who are getting hit hard by...

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  • Don’t Have Cheap Houses Nearby?

    Don’t Have Cheap Houses Where You Live? I hear this all the time from students and investors and it seems to hold them back.  Don’t let it! I know a lot of people that love the owner finance strategy, but live in areas where there is no such thing as “an affordable home.” People in

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  • Fire Damaged Houses Potential

    My thoughts on Fire Damaged Houses: Question from a student — Hey Mitch, Another fire house (1/2 house burnt inside) came across my desk as a potential lead. I was curious if you always pull permits or try to complete work and sell the house prior to permits being pulled for these houses? I am tempted

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  • Owner Finance Case Study Hoarder House

    Owner Finance Case Study For The Week 143 W. Drexel, San Antonio, TX $24k Contract to buy $26k borrowed @ 8% int. only, 5yrs $175 P&I In 5 days we sold the property with absolutely NO work done; This was a “Hoarder House.” $65k Owner Finance Price $5k Cash Down $60k @ 10.5%, 360 mo

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  • Private Lender Protects Buyer

    Here’s a recent question I had on a webinar: Question about the guarantee to the buyer if you default on your payments? The OPM/private money lender has the 1st lien on the property so they have the property as collateral but what recourse does the homeowner have? What Happens to the Buyer/Occupant of a Wrap-Around...

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  • PAINFUL FORECLOSURE PROCESS

    Does Your state have a lengthy and expensive foreclosure process? If the foreclosure process is weighted in the occupant/owners favor there are most likely other choices. You may want to do a “Contract for Deed” (Sometimes called a “Land Contract). “Lease Options” work for other states but...

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  • SO YOU’RE A REALTOR?

    SO YOU’RE A REALTOR?

    I know I give Realtors a hard time. It’s just that I see so many bad ones. Like all professions, doctors, lawyers, sheet rockers, and carpet layers, there is always the top 10%…and then there’s the rest of them. I’ve had real estate agents tell me, straight up, that owner financing is against the...

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