Posts by Mitch Stephen
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 MoreElevator 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 MoreSelling Expensive Homes
Question today from a student: Expensive Homes Would your program work in areas where the homes are more expensive than those described on your model — even in the “half-price areas”, where the rents are below the 10% rule of thumb? Homes for $495,000 do not command rentals exceeding $3,000 per month and homes for $200,000 cannot…
Read MoreWHOLESALERS: Deal Must Fit the Formula
There is little limit on what the wholesaler can make, BUT, the deal has to fit the formula for the buyer of the wholesale deal. REMEMBER: We savvy investors don’t worry about how much our birddogs (wholesalers) are getting paid. Our only concern, as the buyer, is that the deal fits your formula. If the…
Read MoreHow to Pay your Taxes or NOT
Are you one of the millions that have a tax bill this year? How did you pay for it…or did you get an extension? You may still save money on your taxes if you have filed an extension…by opening a Tax Free Future account. For example, if you already filed for a business that operates both…
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