“Ultimate” Residential Rental Property
What is the “Ultimate” Residential Rental property? Many experienced investors might well say, “Apartments”. This can range from a Duplex to hundreds of units in a Complex. In my “Illustrious” Real Estate career, I have been involved in ownership of various sizes of these complexes.
Substitution Of Collateral
An extremely valuable and strategic tool to use when acquiring Real Estate is the “Substitution Of Collateral”. As you know, if you have been reading my articles, I am a strong proponent of acquiring (and sometimes selling) properties wherein I can obtain Seller Financing. This tool could also be effective if you, as a buyer, are obtaining Private (other than seller) financing. It probably would be difficult, but not impossible, to obtain this substitution from an Institutional Lender. READ MORE
Joint Ventures To Create Wealth
What is a Joint Venture? Wherein two or more entities (people, corporations, etc.) work together to accomplish a mutual goal; that is a Joint Venture. As for our discussion here, we are talking about one party (the investor) who provides the necessary funds to acquire a property, and a second party (the entrepreneur) who will provide the management and expertise necessary to accomplish the mutual goal. READ MORE
Big Bucks With Options – Part II
A quick review: Mr. Adams purchased an Option for $450 to buy 40 acres of land for $40,000. He then did research with County Planning & Zoning, utility companies, and an engineer. He then determined 1) The 40 acres could be developed into 40 one acre lots, the size of the lots, 2) The close proximity of the property to the city and 3) Assurance that zoning would allow manufactured homes to be place on the lots. READ MORE
