Passive & Active Real Estate Investing
1. R.E. Investors’ Money Making or Savings Secrets
2. Monthly 1st Tuesdays Sheriffs Sale News.
3. New Mobile Home Park Project Update.
4. Its Interesting Tidbits
1. Real Estate Money Making or Saving Secrets the Pros know.
• Ask for a loan pay-off discount: When you are paying off a loan always ask for a discount for paying it off. I send the lender a letter asking them if I pay my loan off in the next 30-60 days would they discount the balance. I get yeses about 20% of the time and save on average $800.
• Saving on closing cost: There are loan brokers who do not charge VA non-allowable charges. There are mortgage lenders, as well as
some savings and loans who offer loan rebates. When I am selling a house and the buyer wants me to pay their loan cost, I say NO, and tell them about these lenders.
• Using Real estate Agents: If you hire a real estate agent to sell your flip home, ask for a discount on the commission. Most flippers sell the house themselves posting the property on line at web sites like Zillow. Most of the time a sign in front of the house is all you need to get a sale. I put on my sign “Buyers agents protected” paying just the real estate agent who brings me the buyer 3%.
• Ask for seller financing Read More Download PDf here