There are a lot of things you need to be aware of if you are investing in real estate using creative financing strategies. Specifically subject to deals.
I recently wholesaled a sub to deal in Texas that everyone passed on. The owner tried to list it and know one would close on it. So as a person that likes to solve problems, I started to dig into the deal.
The seller was anxious to get out of the house as he was behind in payments and had gone through a divorce. He was just over it all. I made a tentative deal with him that would have given him $25,000 to walk away after inspection and COE.
As we were doing the inspection, I noticed cracks that had been repaired at the foundation. So I asked the seller about it. He told me that there had been an issue with the foundation in the past and that he had gotten it repaired but didn't have the information anymore to the contractor that did the work.
We hired and inspector who informed us that there was significant foundation...
From one aspiring millionaire to another, do you know how to get to a million? Do you know what it really takes to make that kind of money? Believe it or not, it’s really not as difficult as one might think. Well, here are 5 steps for you to become a millionaire. These are principles that I have put in place to attain my financial goals and it’s working for me so I know that these principles will work for you.
I am going to share with you all of the things that I do to get ahead in the financial game. Let me tell you that all that you will hear in this video is really working because they are principles that have been in place long before me. I didn’t make any of this up so I can’t take the credit. I just want to share them with you. I learned them from millionaires that I know that have made their money and are still making money hand over fist.
1.) Have some kind of income
This is where you will make the money for you to invest and live. You need to make...