Jack Miller
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Have You Heard About The Highest Bidder Sale Method?
What is a Highest Bidder Sale? A Highest Bidder Sale is when you get an option to buy a property, then do aggressive marketing for a week to attract people to a 2 day open house (limited hours) where you will accept bids from people who want to either buy for the highest price or for the highest down payment.You typically sell the house within 2 weeks after you get the option to buy. If it is a cash sale or a highest down payment, you get paid a week or two later. A Highest Bidder Sale is a FAST way for…
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Real Estate Investing: Getting Paid to Find Deals
Among the most valued and most rewarding things a person can do to build income and equity is to learn ferret out properties that hold the potential for profit. These may be fixer uppers, or pre-foreclosures, or Short Sale properties, or foreclosed inventory (REO) held by lenders. To the extent that you can come up with potentially profitable deals, you can earn very high rewards.Let me approach this from the standpoint of the entrepreneur who is trying to make money. My style was to go door to door in promising neighborhoods and try to list or Option houses that I…
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The Secrets Of Wealth – Setting Personal Goals & Objectives For 2017
It’s time to start planning on ways to cope with the challenges of tomorrow. Start with your own goals. Set a time frame and financial framework within which you intend to implement action to achieve them. Understand the rules. Learn what to do and what not to do. Like the cop said to the man who asked him: “How do you get to Carnegie Hall?” – PRACTICE, PRACTICE, PRACTICE!A real estate investing career rarely starts and stops at the same place. It does not follow a straight line. There will be twists and turns all along the way. Markets will…
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Videos Can Market & Sell Real Estate Deals Better
In this real estate training blog post you will learn some amazing statistics about using video when marketing real estate investments. When it comes to real estate, video has been shown to attract sellers AND buyers, boost listings and increase sales.Videos are highly sought, and you’ve no doubt noticed that video results are appearing along with text results when you search for anything in Google or other search engines these days. By by 2017 it’s estimated that 74% of all Internet traffic will be video.When people think of real estate video, they usually think of home walk-throughs and videos of property images.…
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REI Success – Planning For Negotiation
Planning is a big word that most people fail to appreciate. Negotiation planning begins as soon as your goals are set. For instance, if I were to decide to become financially independent by the time I were 40, the very next activity I’d engage in would be negotiation – with myself!Suppose we were to outline the process of getting rich. We’d have to start with an allocation of our time, effort, priorities, money, career choices, family choices, etc. We’d have to assess our strengths and our weaknesses and design a remedial program of education and experience to shore up those…
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Should You Be Buying for Income or Appreciation?
The answer is BOTH. But given equal market opportunities, what you actually do would depend upon your particular financial and income tax situation. Those with a current income tax bracket above 20% would pay less taxes if they bought properties for appreciation rather than income.Theoretically, those with 15% income tax brackets could structure a fairly decent life-style around the 10% capital gains rate, but practically speaking, they might not have been able to save up enough money to play the ‘waiting game’ that growth strategies demand.Your government has spoken. And what it has said is that you should spend long…
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Using Wrap Around Notes and Mortgages
Instead of selling a house for cash or to a buyer who gets a new loan, it can be more profitable to sell with Seller Financing that wraps an underlying loan. Read this lesson to learn how it works and the benefits….Wrap-Around Notes and Mortgages solve many problems. Here’s how they work: Think of a $100,000 house equity as being a pound of sugar in a bag. Suppose Joe and Sam each bought identical houses which were mortgaged at 100% of value. We’ll say that a 14% Note in the amount of $100,000 would be signed by each, representing all the…
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When You’re Broke, Income is the Name of the Game!
If you’re just getting started on the ladder to real estate investing success and need money to expand, or if you’re working without a safety net, with no regular pay-check, only by generating quick cash income can you expect to survive as an entrepreneur. Oh, you could get a job, but that’s a desperate choice for a true entrepreneur.Ways To Make Quick CashWhat are some of the ways to create a quick cash income with meager cash resources? Buying and selling has been the first rung on the ladder for millions of immigrants who, without language skills, have still been…
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Creative Options and 0% Financing – Part 3
Options are an excellent way to obtain zero rate financing because they control an asset without any payment or interest other than the amount paid for the Option. It’s sometimes possible to get an Option without any payment at all as I discussed in Part 1 of Creative Options and 0% Financing. Investor’s can even use Options to Negotiate Leases as was demonstrated in Part 2 of Creative Options and 0% Financing. Let pick up right were I left off….Options w/o LeasesOptions without leases are an ideal tool for relieving an owner’s cash flow squeeze when he doesn’t want to sell his property, or…
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Creative Options and 0% Financing – Part 2
Hope most of you real estate investors was able to catch Part 1 of Creative Options and 0% Financing last week because we are jumping in right where we left off on covering Options and Alternative Financing options for your real estate deals.Pure Options & IRA’sPure Options can be purchased for cash or for management effort. They can be written to capture all or a portion of any price appreciation as well as loan amortization. The trouble with Roth IRAs is that it is difficult to accumulate much money from contributions and build up in values in any significant amount until…
