For those considering providing a private money loan, one needs to put some basic protections in the paperwork they create when funding a loan. You see a loan as an asset is different than a direct investment in a piece of real estate. Rather than a set of keys and the right to occupy and/or… Read more »
A few years back I had called on a fellow landlord who was known for selling off properties and providing owner financing too. Now I knew he had problem tenants in a property but also knew the area was appreciating rather rapidly and it was in my main target neighborhood. I wasn’t sure how long… Read more »
No.., I’m not talking about taking a loss when selling a home or a negative cash flow situation!!! This is a form of growth that is the complete opposite from the growth of adding new rentals and/or the ability to buy more property to wholesale or rehab/resell…. I’ve exercised this mode of growth twice in… Read more »
As some of you may know, I’ve been a Hard Money Lender in Charlotte North Carolina. Needless to say, we were running along fairly well in our local real estate markets till Wachovia Bank imploded at the end of September, 2008. Sure we were slowing down in 2007 & 2008. However, our markets were still… Read more »
Suffice it to say, I’m not going to miss 2009 with regards to my business and investments…. From a family standpoint it was absolutely fantastic. Emmy hit 4 this summer swimming like a fish and Max at 7 is growing out of my concept of ‘my little boy’…. Oh, they just grow to fast. 2009… Read more »
The back end of a 1031 Tax Deferred Exchange… I call it Big Blue. She’s a 2000 square foot Pre-1920’s two story Victorian that was converted into an upstairs/downstairs duplex some 30-50 years ago. 10 foot ceilings and 5 coal fireplaces with original mantels. It would be easy to convert back into a single family… Read more »
Originally posted by Tyler McCracken on 11/22/2009 on www.askthelandlord.com PAYING FOR A REAL ESTATE EDUCATION It was the Fall of 2007 when I knew we had reached the pinnacle of the real estate frenzy locally in Charlotte, North Carolina… I was at a local real estate meeting and the focus of the nights talk was… Read more »
Running your Real Estate Operation Like a Business: Sometimes You Have to Shrink to Grow! I asked for ideas the other day for a topic and a friend (whom I just made the time for) suggested the very title before you. Three days prior I had spent a good 1 ½ hours plus with Michael… Read more »
Originally posted by Tyler McCracken on 11/10/2009 on www.askthelandlord.com You Can’t Handle The Truth!!! When will this (real estate) elevator hit the bottom??? Part I I’ve just come through a two week period were the realities of my world hit home as I downshifted into another phase of my real estate operations. Anyone who has… Read more »
Originally posted by Tyler McCracken on 10/4/2009 at www.askthelandlord.com Owner Financing is Out There: A Tale of a Win/Win Arrangement & The Power of Compounding. There was a day that I was shy/scared/intimidated (or whatever you want to call it) to ask a Seller if they’d consider owner financing. After being in the business for… Read more »
