• 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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  • Joe Fairless Interview with Mitch Stephen

    Joe Fairless Interview with Mitch Stephen

    Listen to Joe Fairless’s interview with Mitch Stephen You’re about to have a lot of fun learning about boat and mini storage unit investing, seller financing, a book I immediately bought after he mentioned it and two ways to become financially free in 7 – 10 years, plus much, much, much…much more. Click Here

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  • COULD I OWNER FINANCE A CONDO?

    So you found a killer deal on a condos? You keep working the numbers using Owner Finance but something keeps telling you, “Don’t do it!” You’re instincts are correct.  I’d stay away from condos as a means of real estate investing. The value of a condo is only as good as the condo association...

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