If you have been a successful businessperson, you know what it takes to do the job. If you’ve had sales experience, whatever worked for you before will likely work again. However, real estate is just different enough to make it worth your while to consider some of these ideas. If you have had little or [...]
Here are 13 crucial terms that must be negotiated in every real estate option agreement:
1. Purchase price of the real estate option: Negotiate a real estate option fee that does not exceed 5 percent of the property’s current market value.
2. Credit for cleaning up the property: Obtain a $500 cleaning credit, to be applied toward [...]
There are seven steps to jump start your wealth. You can choose to do any or all of the following steps. The more fully you participate in as many of the steps as possible, the faster and bigger your positive results will be.
1. Create a business. Make sure it’s in the proper business structure and [...]
From my experiences buying mismanaged rental properties, I have found that incompetent ownership is the number one reason that rental properties end up being mismanaged. This incompetence has a snowball effect and is the direct result of the owner’s:
1. Lack of knowledge about the local rental market, which results in rental units being rented at [...]
