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In a competitive home market, it’s all about relationships and the number of offers you make. The more offers you make, the more homes you will buy. Figure you’re going to buy 1 home for every 35 offers you make. This will keep your expectations real. Here are a few simple tips: Set up your offer…
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Raising Private Money Letter Template Here’s a sample letter you can use to find private money. Just personalize this to your business and send via email or snail mail. <YOUR COMPANY NAME> is currently seeking private money to purchase, renovate, and resell single family houses in Texas (Houston, San Antonio, and Dallas metro areas). We…
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Owner Financing The Seven Way WIN (Guest blog post by Mitch’s student Jerry Gurley) Debbie and I are very excited about our new real estate business. We buy houses from people who don’t want or need them. We renovate them. Then we sell homes to families who love them. We often sell with owner financing allowing people…
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AMBER VALLEY Owner Financing Success Story $31, 000…………….Purchase Price $ 2, 000…………….Wholesale Fee (Bird Dog) $ 2, 000…………….Mitch Stephen SOLD $65, 000……………Sales Price $10, 000…………… Down Payment $55, 000……………Balance @ 10.5% for 240 mo………… $550/mo 12, 000 CASH………CASH FLOW…..$317/mo ——————————————————— NOTE SALE $55, 000……………Balance @ 10.5% for 240 mo…………$550/mo $35, 000…………….TOTAL…..Interest Only…
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Door Openers Attract Private Investors Recognize when you have one Slow down and take full advantage of it Every now and then you’ll come upon a “Door Opener.” I’ve learned to recognize these certain situations and how to use them to proliferate the number of private investors I can call on. So what is…
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