By David Whisnant, JD
http://4-real-estate-investing.com
Most real estate investors know that they can get a better deal on a property that is in rough shape. Broken windows, missing doors, holes in the walls and other problems all indicate a property that can be bought at a substantial discount.
However, what most people don’t know is that properties like this can be tough to get financed. The reason is that most lenders will insist upon the appraisal indicating that a property is in “average” or better condition. Find ou (more…)
By David Whisnant, JD
http://www.4-real-estate-investing.com
A few real estate thoughts…
Real estate investing is a numbers game above anything else. That is why you must keep your marketing and prospecting going at all times.
I know another real estate investor who once remarked that I never seemed to have down times in my business. I had houses going all the time, where he would do a deal or two, and then stop while he looked for another deal for a few months, find one, and start again.
(more…)
By David Whisnant, JD
http://www.4-real-estate-investing.com
I am a little concerned when I read the advice of other “real estate gurus” to their students.
Because of my background as a real estate attorney prior to becoming a full time real estate investor, I understand how to identify and deal with the truly critical issues on different types of real estate transactions.
As you probably know, newer mortgages typically have a “due on sale clause.” The due on sale clause prohibits the person who took o (more…)
By David Whisnant, JD
http://www.4-real-estate-investing.com
I have a friend who is an attorney who recently settled a big case, and he asked me if I had a stock broker that I could recommend. He wanted to park part of his income from that case for long term retirement savings.
I replied that real estate really is a better rate of return, and that I keep almost all of my investment money in real estate for that reason. I like to teach methods to find properties at large discounts and immediately turn them for a cash profit (more…)
