Charles's Blog

Question: Cash Back at ClosingMy buyer wants cash back at closing to renovate the property, which is fine by me because he's willing to pay me the difference in my tax liability. My question is how do I correctly and LEGALLY write it up into the purchase agreement so that I'm not committing fraud...

Question:  Contract of sale formDoes anyone have or know where I can get a California Residential Real Estate Sale Contract? Thanks in advance. -MikeResponse:  Mike, what is a California Residential Real Estate Sales Contract?  I would think a contract of sales is dependent upon the person author...

Hundreds of FREE Leads and getting paid for them!Conduct a real estate seminar.  The purpose of the seminar is to train people to become LOCATORS for you as an agent or investor.I have a powerful PowerPoint on how to become a real estate locator.  I charge $100.00 for the seminar.  This fee is 10...

Free, Free, Free - Now - Now - Now - Free  Leads :1. Free leads if you can afford to buy a local newspaper!  They are called FSBOs!2. Free leads if you can afford a postage stamp and a phone call!3. Free leads if you have to ability to WALK AND TALK#1 - Call FSBOs from the newspaper - get to the ...

44  Find a Co-BorrowerEven credit-poor individuals can secure bank financing by finding a co-borrower with good credit.  Deliver a formal investment proposal regarding your real estate opportunity to interested parties.  When you find a willing partner, take the opportunity to build your credit b...

Take your time when reading and understanding this powerful Tip #45.45  Pay at ClosingTo create a valid contract without a significant deposit, offer both negotiated funds and check funds.  "An initial deposit of $50 in cash will be paid today to Seller.  Within 5 business days, Buyer will delive...

43  Co-Sign for OwnerWhen a seller needs money but is credit-challenged, consider co-signing for a loan for him.  In exchange, ask the seller to add your name to the deed.  Take a buy out option and offer one to the seller.  Verify that payments are made by having the seller send you monthly paym...

42  Offer an OptionWhen the seller needs a little cash but wants to stay in the property, offer an option to buy the property at a set price within a period of time.  Have a title company complete a title search and judgment report, and record your option to protect your interests.  Begin making ...

41  Sell an Option If you are short on funds, sell an option on one of your properties.  Collect an up-front option payment plus monthly residuals.  Include the option to buy out the option for a set price at any time before or after the option is exercised.Listen every Monday, 7pm (EST) to a cre...

40  Hybrid OfferWhen your intention is to "Control and Roll" (flip, resell, recast, wholesale, recycle, etc.) and the seller is stuck on a higher price than you are willing to pay, make a hybrid offer.  Offer a lower sale price, plus a portion of your profit upon resale within 90 days.  You'll pa...