Homes for Cheap in Phoenix
Phoenix is a great place to get cheap homes. Here’s a quick video of Pam Cohen of Academy Mortgage and I talking about how to find a great mortgage company and what you should look for. To get on my VIP Buyers List go to http://www.BuyCheapHomesGilbert.com
Multifamily Deals
Great properties are all around us. Cash flowing properties provide something special that you get every month. You may not get rich quick, but you will get rich buying rental property. Go to http://www.BuyCheapHomesGilbert.com to get on my VIP Buyers list and ge deals like the one in the video below.
Making Money with Shortsales
REO’s have been in the news a lot lately. Everyone is wanting to find a great deal which leads them to one or two options for most. Either they try to buy at the auction, or they try to buy a REO. What most don’t know is that banks are starting to do a lot more with shortsales. The trick is you have to wait it out. There are no quick answers with shorts. Here’s the strategy I recommend. Make offers on all three. What will happen is this; you get some deals at aution, you get some more from REO’s and then you forget about that short-sale and low and behold your offer gets accepted. It’s just another tool in the shed but if you don’t use it, it’ll be rusty….Be a deal magnet! Let everyone know your in the business of making deals whether REO, Truste
Income Producing Property
I figured if I put a picture up of some hot naked chicks more people would look at this post. I’ll soon find out if I’m right. Here’s the deal though. Most investors that I know are all looking for the same thing. The big fat flip…..It consumes them, controls them, almost to the point that they see no other way and certainly no other vision. True investors that are into wealth creation, know flipping is a means to an end. This is when there is more that meets the eye. Income producing property working for you month after month is the end game….It’s the gift that keeps on giving. This type of property pays you residual money for your effort and keeps doing it.
Ok, here’s the not so sexy part. You don’t get the big paycheck $$$. You can’t go blow it on a super crazy Vegas trip….But, if you keep your eye on the goal and flip to make cash and use that cash to buy income producing property, you may wake up one day and find you can have a Vegas trip every month. My point is this. Flipping homes is great and sexy and fun but true fun is when you don’t have to try to flip and you still get paid big….That is what is hot….Stay focused and keep reaching toward your goals. Income producing property will keep putting money in your pocket and keep the bills paid. Sorry about the picture of hot naked chicks…
REO’s The Big Bad Bank
REO is the new buzzword for investors. It seems that we all know about REO’s like we have heard about them forever but until recently it wasn’t mainstream. Now when you put in an offer on a REO it feels like there are 10 other people doing the same thing on the property you are trying to buy. Question? How do I get mine accepted? The trick is to have a clean offer, shorten up your terms for inspection and increase earnest deposit but most of all, use the listing agent as your buyers agent. When all else fails, giving people more money as an incentive to help your deal get through sure doesn’t hurt. Of course no one will admit this, but we all know MONEY TALKS…..Happy