Posts by Mitch Stephen
Why I Borrow at the Terms I Do
I almost always borrow money from private lenders to buy my houses. I borrow at the following terms; $0 Down payment 8% Interest Interest Only 5 yr Term Non-Recourse Early on it’s important to borrow “Non-Recourse”, meaning “collateral only” (no personal guarantee). It’s also important to borrow with permission from your private lender to “Wrap”…Read More
LiveComm.com Texting Hints & Tips
LiveComm.com Hints & Tips NEW FEATURE: LiveComm.com now can “Text Merge.” Text Merge merges details specific to the text recipient into an otherwise generic text. Look at it like “Mail Merge” for email. Merging makes all the difference. Let’s look at the stunning contrast of a generic text vs. a text with Text Merge; …Read More
Will Wall Street Turn Your Retirement Nest Egg Into Scrambled Eggs?
When you get your 401(k) or IRA retirement fund statement do you hesitate to open the envelope-
afraid of what you are going to see?
The New Value of Houses-Owner Financed
BACK INTO AN “OWNER FINANCED” PRICE USING LOCAL RENTS AS YOUR BASELINE Here’s the problem with using MLS Data and doing Current Market Analysis (CMAs) to find an After Repaired Value (ARV) in an area that has crashed price wise; Your values are going to come in way lower than the values WE should be…Read More
Elevator Pitch: You’ll Find Private Lenders
I have been getting a lot if emails and calls lately from my students. It seems they are having success finding private money. They are taking action on the ideas we’ve been discussing and it’s working. Imagine that!…go figure! I’m also getting calls from outsiders asking, How/Where do I find the money to fund my…Read More