Comments on: Creative Real Estate Investing Strategies – Part 1 http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/ Training and Tips for Real Estate Investors Tue, 15 May 2012 21:37:47 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-6290 Augie Thu, 12 May 2011 21:14:33 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-6290 My friend, you hit the nail on the head...a ton of work and D I S C I P L I N E... It is great to hear from someone who understands that the key to success is survival and the key to survival is discipline. Thank for the kudos! I am a landlord too and now is a good time to be buying for cash flow. The deals are better and rents in many areas are firming. Even if value fall it doesn't impact cash flow it only lowers your net worth. Depending on what you need, worth or income different deal structures can help you meet your goal. Good luck and happy investing! Augie My friend, you hit the nail on the head…a ton of work and D I S C I P L I N E… It is great to hear from someone who understands that the key to success is survival and the key to survival is discipline. Thank for the kudos! I am a landlord too and now is a good time to be buying for cash flow. The deals are better and rents in many areas are firming. Even if value fall it doesn’t impact cash flow it only lowers your net worth. Depending on what you need, worth or income different deal structures can help you meet your goal.

Good luck and happy investing!

Augie

]]> By: Clearwater Realestate http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-6287 Clearwater Realestate Thu, 12 May 2011 19:56:41 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-6287 Great article. This is defiantely the type of simple explanation that potential real estate investors need and want. I am a landlord her in St Petersburg and Clearwater and I have somehow survived the boom and bust and managed to stay alive. I can say however that it was no cakewalk and took a ton of work and discipline in order to trun the meagher profit that I have. The only issue is that during the good times here in the Clearwater Fl real estate market the appreceiation made it all worthwhile. Now , well I am not so sure. Great article. This is defiantely the type of simple explanation that potential real estate investors need and want. I am a landlord her in St Petersburg and Clearwater and I have somehow survived the boom and bust and managed to stay alive. I can say however that it was no cakewalk and took a ton of work and discipline in order to trun the meagher profit that I have. The only issue is that during the good times here in the Clearwater Fl real estate market the appreceiation made it all worthwhile. Now , well I am not so sure.

]]> By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-4721 Augie Thu, 13 Jan 2011 23:04:26 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-4721 Good question Jack. The lending industry is a huge arena with many players both public ad private and as such if you talk with enough people you might just find what you seek. We work with both sellers and private lenders and have little difficulty using wraps and other techniques to provide alternative financing for our buyers. To your success... Augie Good question Jack. The lending industry is a huge arena with many players both public ad private and as such if you talk with enough people you might just find what you seek. We work with both sellers and private lenders and have little difficulty using wraps and other techniques to provide alternative financing for our buyers.

To your success…

Augie

]]> By: McKinney Texas http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-4531 McKinney Texas Fri, 17 Dec 2010 21:47:24 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-4531 It is my understanding that wrap around were no longer possible with all of the changes in the lending industry. Is that incorrect? It is my understanding that wrap around were no longer possible with all of the changes in the lending industry. Is that incorrect?

]]> By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1844 Augie Fri, 05 Mar 2010 15:02:06 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1844 We use a variety of financing mechanisms. Leases, options, Seller financing, private lenders and equity participants to name a few. We rarely if ever use banks. Its costly, time consuming and in the current market nearly impossible to predict what hurdles we'll have to jump over. Some of our buyers use conventional and even FHA programs and the process is fraught with impediments. They get done but rarely without challenge. Creative financing and principals dealing with principals make for better transactions. Thanks for your comment! We use a variety of financing mechanisms. Leases, options, Seller financing, private lenders and equity participants to name a few. We rarely if ever use banks. Its costly, time consuming and in the current market nearly impossible to predict what hurdles we’ll have to jump over. Some of our buyers use conventional and even FHA programs and the process is fraught with impediments. They get done but rarely without challenge. Creative financing and principals dealing with principals make for better transactions. Thanks for your comment!

]]> By: Dallas Homes http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1823 Dallas Homes Wed, 03 Mar 2010 00:20:32 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1823 Very interesting information. I presume that you are financing through conventional financing as opposed to FHA? Very interesting information. I presume that you are financing through conventional financing as opposed to FHA?

]]> By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1715 Augie Thu, 04 Feb 2010 17:00:43 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1715 Hi Vincent, What a great and well written comment. I couldn't agree with you more. People looking for a quick buck are their own worst enemies. Whereas those willing to study, learn and take intentional actions toward achieving their goals frequently succeed. Success requires discipline. In stocks it is the use of things like stop loss orders and collars which can be used to mitigate rick. It is research and objectivity rather emotion and following the herd. Real estate is no different except in the fact that I can have more control over the outcome of my investment than I can over the profitability of Microsoft or General Motors. Warren Buffet also says buy what you know...he buys companies so that he can control (or at least direct) results. People who take the time to learn their market, how to handle money, establish goals and a plan to achieve them coupled with the discipline to take appropriate action will be rewarded. Those that do not are simply looking for the next lottery ticket. My preference is long term predictable results that continue to build assets and income. This way when the social security system goes broke, my family and I can still enjoy life. As far as advice goes, I always consider the source, I evaluate the information and unless they put their money where their mouth is...I keep walking. If they can't walk the walk their talk isn't worth much. i actively buy, renovate and lease or sell single family homes and so do my coaching clients. It is what we do first and foremost. Thanks again for a great comment! Hi Vincent,

What a great and well written comment. I couldn’t agree with you more. People looking for a quick buck are their own worst enemies. Whereas those willing to study, learn and take intentional actions toward achieving their goals frequently succeed. Success requires discipline. In stocks it is the use of things like stop loss orders and collars which can be used to mitigate rick. It is research and objectivity rather emotion and following the herd. Real estate is no different except in the fact that I can have more control over the outcome of my investment than I can over the profitability of Microsoft or General Motors.

Warren Buffet also says buy what you know…he buys companies so that he can control (or at least direct) results. People who take the time to learn their market, how to handle money, establish goals and a plan to achieve them coupled with the discipline to take appropriate action will be rewarded. Those that do not are simply looking for the next lottery ticket. My preference is long term predictable results that continue to build assets and income. This way when the social security system goes broke, my family and I can still enjoy life.

As far as advice goes, I always consider the source, I evaluate the information and unless they put their money where their mouth is…I keep walking. If they can’t walk the walk their talk isn’t worth much. i actively buy, renovate and lease or sell single family homes and so do my coaching clients. It is what we do first and foremost.

Thanks again for a great comment!

]]> By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1714 Augie Thu, 04 Feb 2010 16:48:12 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1714 Any strategy can be risky if you are unfamiliar. The key is to have a reasonable understanding before you jump in. With the exception of Texas, Lease Option are commonly used throughout the US as a way to help both buyers and sellers. There's an excellent home study program available at http://www.pactprosperity.com/leaseoption. Thanks for your comment. Any strategy can be risky if you are unfamiliar. The key is to have a reasonable understanding before you jump in. With the exception of Texas, Lease Option are commonly used throughout the US as a way to help both buyers and sellers. There’s an excellent home study program available at http://www.pactprosperity.com/leaseoption. Thanks for your comment.

]]> By: Saint Tropez Villas http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1702 Saint Tropez Villas Sat, 23 Jan 2010 12:05:06 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1702 I've been doing strategy #1 for years, I buy and hold properties, and the result is so satisfactory. I never tried #2, it's too risky for me. I’ve been doing strategy #1 for years, I buy and hold properties, and the result is so satisfactory. I never tried #2, it’s too risky for me.

]]> By: Vincenti Winchester http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1699 Vincenti Winchester Tue, 19 Jan 2010 12:20:30 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1699 One of the things that we have to keep in mind relative to real estate is that we all have our free will, and no one has a crystal ball. Sure, there is a lot of money to be made if real estate investments are made at the right time. Unfortunately, there are real estate consultants who will tell a person that there is never a bad time to invest in real estate. That in my experience is almost universal among both real estate and stock consultants. If the consultant can make money from the people he or she is advising, naturally the advice is always going to be to buy or sell. It's a classic conflict of interest scenario. Warren Buffet said it very clearly. He said it is absolutely insane to turn your money over to a consultant who makes money by advising people to spend their funds in a particular way. That's why he hires his own researchers who are fired if they give him bad advice. That way, the incentive is on the other foot. Instead of personally making money by giving advice, these folks get to keep their cushy jobs by making sure Warren doesn't invest in unsound areas. It has worked for him for decades. The poor fellow on the other hand gets to listen to folks give him advice who make money only if he follows that advice. Warren just laughs at the poor fellow, but he does understand the conflict, and tries to warn the poor guy all the time. It's one of the reasons Buffet is loved by rich and poor alike. I am sure the people here only give the advice they know in their hearts is the best. One of the things that we have to keep in mind relative to real estate is that we all have our free will, and no one has a crystal ball.

Sure, there is a lot of money to be made if real estate investments are made at the right time.

Unfortunately, there are real estate consultants who will tell a person that there is never a bad time to invest in real estate.

That in my experience is almost universal among both real estate and stock consultants.

If the consultant can make money from the people he or she is advising, naturally the advice is always going to be to buy or sell. It’s a classic conflict of interest scenario.

Warren Buffet said it very clearly. He said it is absolutely insane to turn your money over to a consultant who makes money by advising people to spend their funds in a particular way.

That’s why he hires his own researchers who are fired if they give him bad advice.

That way, the incentive is on the other foot.

Instead of personally making money by giving advice, these folks get to keep their cushy jobs by making sure Warren doesn’t invest in unsound areas. It has worked for him for decades.

The poor fellow on the other hand gets to listen to folks give him advice who make money only if he follows that advice. Warren just laughs at the poor fellow, but he does understand the conflict, and tries to warn the poor guy all the time.

It’s one of the reasons Buffet is loved by rich and poor alike.

I am sure the people here only give the advice they know in their hearts is the best.

]]> By: Augie http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1689 Augie Fri, 15 Jan 2010 20:01:09 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1689 Thank you for the link back. Glad you liked the article. Thank you for the link back. Glad you liked the article.

]]> By: Kelly http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1649 Kelly Thu, 17 Dec 2009 13:53:34 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1649 You made some good points about real estate investing...very well written article! I am looking forward to read more your posts! Keep up the good work! You made some good points about real estate investing…very well written article! I am looking forward to read more your posts! Keep up the good work!

]]> By: JakeR http://creativerealestateinvestingguide.com/2008/12/04/creative-real-estate-investing-strategies-%e2%80%93-part-1/comment-page-1/#comment-1600 JakeR Wed, 11 Nov 2009 00:11:18 +0000 http://creativerealestateinvestingguide.com/?p=73#comment-1600 Wrap around financing is quite creative. You need to be careful though because it can be quite risky as well. Wrap around financing is quite creative. You need to be careful though because it can be quite risky as well.

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