Larry Goins
Larry is an active real estate investor and has been investing in real estate for over 30 years. He travels throughout the United States speaking and training audiences at conventions, expos, and Real Estate Investment Associations on his strategies for buying and selling houses. Larry has also written several books on real estate investing that are available wherever books are sold. Between speaking engagements and mentoring other investors, Larry oversees the daily operations of his investing business that wholesales properties, seller finances properties and holds properties for investment. On a personal note, Larry and his wife, Pam, have two children, Linda and Noah. He also has a granddaughter, Ember. They are a member of New River Community Church in Lake Wylie, SC. As a husband, father, businessman, and real estate investor, Larry holds true to his core values and moral integrity. His personal and business motto is, “People and principles before profits.”
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What Does A Home Inspection Report Do For Investors?
Before you purchase or sell your next investment property, consider ordering a Home Inspection Report. It can help protect your investment with a thorough home/property inspection, help you get to know the condition of the property you are about to buy or sell, and give you the confidence you need to make an informed decision.What is a Home Inspection Report?You are buying broken houses as-is. If there are any serious problems with the house that would result in higher repair costs, you want to know about them before you close.A thorough home inspection will give you the information you need…
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Understanding Leverage and Return on Investment (ROI)
One of the most common advantages of real estate investing is the financial leverages that can give a return on investment. The sale of investment property is highly competitive; you have a little product to sell with too many brokers and a good supply of buyers and a few real estate sellers. It is because stakes are high and real estate is a high-performing asset that investors use levearge to close deals.The leverage appreciation of the asset value is greatly deal of the return on investment which is normally based on income of cash flow properties. Leveraging means that the…
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Retailing Investment Property Fast Strategies
In this article I am going to focus on the fastest and easiest way to retail an investment property and get the most cash for your real estate deal in the shortest period of time.In this article, I am going to talk about retailing houses to owner occupants. You can make more money per house by retailing and also get into more creative financing strategies by accepting a second mortgage, buying the rate down, paying closing cost, etc.Because you have more profit to work with, you can be more flexible on helping your buyer qualify. The down side is that…
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Planning On Selling A Mortgage Note?
Consider this. You find a $30,000 ugly distressed home that just won’t move in this real estate market. Believe it or not, chances are you can snatch up this property for $5,000 cash. Then, you need to turn it right around and market it as an owner financed deal. Charge a $1,000 down payment with an 11% interest rate for the duration of a ten-year loan.What exactly does this mean for you? It means that after you receive that down payment and the payments on the note (just under $400 a month), you’ll recover your $5,000 investment in right around…
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Never Lower the Price of a House Again!
Have you ever lowered the price of a house you have for sale as a retail property? Hopefully after you read this you will never have to do that again. Did you know that for every $1,000 in price reduction of a home it only changes the payment about $6 dollars? That is not much of an incentive for a buyer if you ask me. However, if you keep the price the same and offer to pay closing cost or carry a small second mortgage it greatly increases the number of qualified buyers that could purchase your home.I would like…
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Negotiating: Selling the Seller
A week never goes by that someone doesn’t say to me “how did you find this deal”. It is very rare that I “find” a deal. You have to look at a lot of properties and make a lot of offers to buy a property.I always make my first offer over the phone, on the first call. I believe that if your not ashamed of your first offer, its too high. You can always go up but it’s hard to come down after an offer. Having said that, bear in mind that you have to get to know the seller…
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Negotiating Win-Win Transactions + Free Offer Form
Negotiating win win transactions is a very important part of becoming a successful investor. You can’t negotiate with properties. You have to negotiate with people. Remember that people do business with people they like and trust, so it is important to always be respectful to people and treat people the way you want to be treated.When you become a real estate investor you’ll come into contact with all kinds of people, and in all kinds of situations. But, remember this, bad things happen to good people. So no matter what a person’s situation, don’t ever talk down to them or…
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Investor Advantages – Offering Owner Financed Homes
Why is offering owner financed homes such an attractive option for real estate investors? What are some of the advantages that investors need to be looking to take advantage of?Be The BankEven in the wake of Dodd Frank, offering owner financed homes is well within the reach of even a beginning investor. You do need to get yourself an RLMO, or residential loan mortgage originator, if you are going to sell to owner occupants. There is a rule for small investors that you may not need an RLMO if you only do a deal or two a year, but I…
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Do Lenders Care If It’s Modular Housing?
That is a great question investors! What you think and what the State defines, as a modular home, may not be the same definition a lender uses for a modular home. Shocked?The lenders’ philosophy is this, “If it walks like a duck, and talks like a duck, it is a duck.” What they really mean is if it looks anything like a mobile home, i.e. the roof pitch, the shape of the home, is there metal underneath, it is a mobile home. And you may have discovered already that banks are not keen on providing loans and mortgages to purchase…
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Creating A Mindset For Success In Real Estate Investing
What gets you out of the bed each day? Do you have goals and plans, both short and long term, or is the fact that you will be out on the streets if you don’t make next months rent or mortgage payment what motivates you? I say this to prove a point. Some people are pleasure motivated and some people are pain motivated. I think it’s important to find out which you are. If you are pain motivated I suggest that you find something to get excited about. Even if your goal is not for you but for a family…
