10 Big Mistakes that Kill Real Estate Deals

Tag: closing costs

10 Big Mistakes that Kill Real Estate Deals

Don’t you wish someone could tell you all the mistakes you need to avoid before you actually make them? I recently sat down with my former coaching student, and now Head Coach of SREC, Kyle Garifo, to reflect on some of the mistakes and challenges that we faced investing in real estate and flipping investment…  Continue Reading

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10 Must-Knows About Buying Real Estate Investment Properties at Auctions

If you’re interested in buying real estate as an investment, you should know the local MLS isn’t your only option. Real estate auctions are growing in popularity, especially for people looking for a bargain. Experienced investors often buy properties this way, but technology has simplified the process and has made it less intimidating to new…  Continue Reading

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Secret Weapons in Real Estate Investing

Secret Weapons in Real Estate Investing

The Automated Offer Formula When you find a property that you are considering purchasing as an investment property, are you often stuck on what number you should offer the seller? Are you interested in learning a foolproof formula that works EVERY time to give you the price you should offer on a potential property? I…  Continue Reading

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DANIEL WIAFE: $40K FLIPS MEMBER, HGTV’s STAR OF “FLIPPING THE HEARTLAND”

DANIEL WIAFE: $40K FLIPS MEMBER, HGTV’s STAR OF “FLIPPING THE HEARTLAND”

I created Strategic Real Estate Coach because I love to teach people how to become successful real estate investors – it’s my passion in life to help others achieve the type of lifestyle they want and deserve. DANIEL WIAFE: $40K FLIPS MEMBER; STAR OF HGTV’s “FLIPPING THE HEARTLAND” A perfect example of this is my…  Continue Reading

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Finding, Launching And Selling Rehabs, Rentals and Real Estate Investment Properties Using 21 FREE ONLINE Acquisition Resources and the Property Launch Formula

Finding, Launching And Selling Rehabs, Rentals and Real Estate Investment Properties Using 21 FREE ONLINE Acquisition Resources and the Property Launch Formula

Are you getting into your real estate investing career and feeling a little stuck on where to find great properties to invest in? Does it seem like there isn’t really anything available in your market? That isn’t true and you just aren’t looking in the right places or looking at ENOUGH prospects. As my brother…  Continue Reading

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The 411 on HUD Homes

The 411 on HUD Homes

Government foreclosures, aka HUD homes, is an important topic for real estate investors to be aware of. You may automatically think the houses need a ton of work or maybe you didn’t even know that you could get hold of these properties. Let me walk you through exactly where these HUD homes come from: Many…  Continue Reading

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Weekly Real Estate News and Information 4/21/15

Weekly Real Estate News and Information 4/21/15

Hey guys, Josh here. You know I love to be on top of real estate news and trends, so I’ve decided to start sharing my favorite posts of the week so you can stay in the loop with me.   Real Estate in 60 Seconds with Josh Cantwell Check out our latest edition of Real Estate in…  Continue Reading

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Pros and Cons of Alternative Financing for Investment Properties

Pros and Cons of Alternative Financing for Investment Properties

Does it make sense to use alternative methods of financing for investment properties? It doesn’t matter whether you’ve been in the real estate investment business for decades or you’re just starting to get involved, one of the most important things to consider is the best way to sell your properties. Should you use alternative methods…  Continue Reading

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Learn Why Lease Options Are the Best Way to Amass Long-Term Real Estate Wealth

Learn Why Lease Options Are the Best Way to Amass Long-Term Real Estate Wealth

Consider lease options and other alternative methods of selling income properties for a bigger bang for your real estate buck. The best path to creating long-term wealth is by owning high quality, high equity, passive cash-flowing assets, like investment properties. If you’re in the property investment business, you’re going to want to learn about lease…  Continue Reading

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Equity Partnerships vs Hard Money. You choose which is better.

Equity Partnerships vs Hard Money. You choose which is better.

Do you know the difference between Equity Partnerships Versus a Hard Money Lender? Let me give you a quick summary: Equity partnerships: Don’t require down payments Don’t require good credit Don’t require money up front to cover fees, points or closing costs Roll everything into the loan SPLIT THE PROFITS Hard money: Requires 20% down…  Continue Reading

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Strategic Freedom Funding Blows the Lid off Real Estate Investment Lending – Strategic Real Estate Coach

Strategic Freedom Funding Blows the Lid off Real Estate Investment Lending – Strategic Real Estate Coach

Real estate investment lending firm Strategic Freedom Funding has it all – up to 100% financing, project guidance and liberal credit for solid deals. Why should you take a good look at a real estate investment lending firm? Because if you’re like most people involved in real estate investing, you’ve got a huge problem. It’s…  Continue Reading

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Strategic Real Estate Investing Radio: HUD Flipping Case Study: Purchase and Rehab Flip in Action

Strategic Real Estate Investing Radio: HUD Flipping Case Study: Purchase and Rehab Flip in Action

Find out how Josh flips a bank owned property in the latest episode of the Real Estate Investing Made Easy Podcast.  [powerpress] Here are the details on this property:   INITIAL EVALUATION REO      FROM MLS After      repaired value   (A.K.A. List      Price)             $144,900 Sell      price                       (90%      of List)                       $130,000 Net      proceeds                (90% of      Sell Price)             $117,000…  Continue Reading

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“The BIG 4” spits out $80k profits in one day {Free mp3} – Real Estate Investing

Here’s my BLACK FRIDAY special discounted wiz bang deal I have for YOU. IT’S CALLED FREE. DO YOU LIKE FREE? HOW’S THAT FOR BLACK FRIDAY. And you didn’t have to wait in line or get up at midnight or leave thanksgiving early. You’ll really enjoy this one. 2 more of my properties FLEW off the…  Continue Reading

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Strategic Real Estate Coach at Ridge Road Cashing Out

Strategic Real Estate Coach at Ridge Road Cashing Out

There is a myth circling around the real estate markets that rental properties are the last option when a house won’t sell.  The idea that a rental property barely pays the bills, is a huge hassle, and will drain your resources is not always true.  In fact, the opposite can be true. When you correctly…  Continue Reading

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How To Make BIG Profits: Music To My Ears On Melody Lane

How To Make BIG Profits: Music To My Ears On Melody Lane

Join me for another stop on my tour of my rehabs – Melody Lane. I’m standing in what used to be the kitchen. I’ll share with you what our plans are for this demo project, and give you an idea of what it looks like now, in the raw demo stage. We bought this house…  Continue Reading

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How To Get People To Beg You To Take Their Money

I’ve said it before and you’ll hear me say it again – you need money to invest in real estate. But, it doesn’t have to be your own money. Using other people’s money is a foundational strategy for real estate investing. But how can you get to the point where people are calling you, begging…  Continue Reading

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Mortgage Closing Costs Vary By State

Mortgage closing costs can vary widely by state, according to a recent survey by Bankrate.com. The average closing costs on a mortgage fell by 7% to $3,754, with New York being the most expensive with a cost of nearly $5,500. On the other extreme is Missouri at $3,000. Interestingly, Ohio ranks #11 on the list, with…  Continue Reading

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Mortgage Rates Rise For First Time in 3 Months

While mortgage closing costs are on the decline, actual mortgage rates are on the increase. For the first time in over three months, the rate for a 30-year fixed rate mortgage rose to 3.55%, up from last week’s 3.49%. These are the lowest rates since the 1950’s, when long-term mortgages were first introduced. These historic low…  Continue Reading

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“Know Before You Owe” Proposed

The Consumer Financial Protection Bureau this week unveiled its proposed “Know Before You Owe” form. This short, simple 3-page form will summarize the costs and risks of a loan in three pages. It is designed to make it easier to shop for a mortgage and help avoid costly mistakes. If approved, this form would replace…  Continue Reading

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Rehabbing Scope of Work: Understanding Costs

Rehabbing Scope of Work: Understanding Costs

Repairs are a wild-card in the rehab process, and you’ve got to be as accurate as you can to give yourself the best chance for maximum profits. For each property, you will need to decide the level of work you want to do on the house. Use the following categories, listed below from least expensive…  Continue Reading

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”I’ll Take a Case of Water, A Flat-Screen TV and a Mortgage”

”I’ll Take a Case of Water, A Flat-Screen TV and a Mortgage”

Wholesale clubs truly are becoming one-stop shops for everything you need… giant boxes of cereal, lawn furniture, bulk toiletries, and now… mortgages. After testing for a year, Costco is launching a full-service mortgage lending program on its website, in conjunction with First Choice Bank and 10-other lenders. To date, the lending partners have issued over…  Continue Reading

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ICI makes 34k for Peter….you will do it too

ICI makes 34k for Peter….you will do it too

Let me introduce PETER from P.A. Peter has been going thru the ICI Coaching program and just simply doing the little steps it tells him to do. He’s sucking it all up and then just following the steps “ICI” gives him. He’s closed his first ICI deal and pocketed $34,500 from his first “ICI” deal…  Continue Reading

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Closing Costs on the Rise

Closing Costs on the Rise

Origination fees. Title fees. Appraisals. Title insurance. Survey charges. Even postage. All these fees add up to the total cost of homeownership for the potential buyer. While we know those additional costs are there, did you know they are on the rise? On average, the origination fees (underwriting, processing) from lenders have increased over 10%…  Continue Reading

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Mortgage Closing Costs Jumped 40% in Illinois

Mortgage Closing Costs Jumped 40% in Illinois

Mortgage rates are the lowest they’ve been in a long time, and those people who are in a position to be able to capitalize on the market conditions and buy a home are facing another challenge: rising mortgage closing fees. In Illinois alone last year, mortgage closing costs rose by 40%. The national average is…  Continue Reading

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Tips to Make Your House Stand Out to Buyers

Tips to Make Your House Stand Out to Buyers

If you’re trying to sell a house on the retail market, you’re likely up against a lot of competition. So, what’s it going to take to get the attention of buyers? You need to make your house stand out from any other on the market. We’ve heard the statistics and know what we’re facing –…  Continue Reading

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Bank Insider Reveals Shocking Short Sale Trends

Bank Insider Reveals Shocking Short Sale Trends

Jerami King is a former team leader for the loss migitation department of a MAJOR bank. Today he helps real estate investors and homeowners successfully navigate the pre-foreclosure process. Few people know more about the ‘ins-and-outs’ of working with leaders on short sale approvals. Tonight, Jerami will share some unnerving trends and changes in lender…  Continue Reading

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Former Bank Insider Reveals Unnerving Market Trends

Former Bank Insider Reveals Unnerving Market Trends

I have some very important information to share with you TOMORROW night. You may or may not know Jerami King.  He was a former team lead for the loss mitigation department of a MAJOR bank. He has a unique perspective on short sales in today’s market, seeing them from both sides of the plate… first…  Continue Reading

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Lost Profits and Mike Tyson

Lost Profits and Mike Tyson

Tell me if any of this sounds familiar: 1. You negotiated a great short sale discount. You can buy it for $221,500 and have it sold for $264,000. The “C” buyer is getting a conventional loan. The “C” lender says the seller must be the owner of record and hold the property for 30 days….  Continue Reading

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Gross vs. Net: 4 Basic Home Selling Costs

Gross vs. Net: 4 Basic Home Selling Costs

When speaking to a client trying to negotiate a closing price, sometimes they may have an inflated idea of the value of the home placed there by a Realtor. Do show them all the Market information on the property, but that alone may not be proof enough for them. You must know how to explain…  Continue Reading

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2nd Mortgages: Pesky or Painless

2nd Mortgages: Pesky or Painless

By: Josh Cantwell Why is it that negotiating with mortgage companies can cause us to want to pull our hair out, yet when we find a deal that has 2 mortgages, we are ecstatic? Weird, right? On the surface, it seems insane that we would be excited to have to negotiate with 2 mortgage companies…  Continue Reading

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