Charles's Blog

New investor needs help getting startedIn response to: Charles, I have 5 children, I would be very interested in learning from you.  I am not only impressed by your obvious real estate knowledge, but the way you respond to people.  I want to make enough money to help many who have so little.  Can...

The best purchase contract to use  I am new to investing; I have a deal that I am working on, what is the best purchase contract to use for doing deals?The best contract to use is the one that best suits you, one that you personally create to serve your needs.  There is no standard contract form ...

Owner financing clauses from seller prospectiveCharles,I don't think you left any questions unanswered...from the Buyer's perspective.  Now can you give us that same run down from the Seller's point of view?Thanks a million.RickGood question Rick,If you are the seller of the property and are cons...

Creative Owner Financing and Mortgage Clauses, from   buyers prospective  In response to: Owner FinancingQ.  It is said that when you pay on a conventional mortgage, the first couple of years you're paying interest only. Does it work the same way with owner financing? If so, what are the guidelin...

Making a Trial Offer & Creating Leads  Q. I am trying to find a few good places to get leads and I am also trying to find good examples of postcards to send to people. Does anyone have any suggestions? A. Leads on properties are plentiful; there are thousands of property owners who want to sell, ...

Some times it is fun to read some of the questions a trainer of a real estate auction company would like their auctioneer associate to know.Here is a sample of a training test for your review, hope you enjoy it.  See how many questions you can answer.1.   You are in a seller's home, they are coll...

FSBO's, Don't You Just Love Them...........??You have got to love them!!!!  Yesterday they were happy property owners, enjoying their real estate and loving life. Today when the newspaper arrives in the community, they will become known as a FSBO's, For Sale By Owners.  Some think FSBO's were cre...

In Search of Equity  Oh where, oh where can equity exist?  I search on land, in dwellings, in pledges and promises for the concealed and guarded equity. My search is long in preparation, deep in collaboration, arduous, and most times, inadequate. When its location is identified, how will I bargai...

Creative Financing - The Real Thing  I guess "Creative Financing" has changed since I studied it over 30 years ago. I remember when interest was up to 20%. We had to learn how to structure creative offers in order to put transactions together. Back than, sellers were motivated to listen and accep...

The 100 house rule - getting started The rule: Look at 100 properties before considering making an offer.  The theory behind the 100 house rule is that if 100 properties are inspected over a period of time, the beginning investor will become very aware of value in that local market. It may only t...