Charles's Blog

Glazer-Kennedy Insider's Circle-Baltimore    SWAT Marketing Special Weapons and Tactics for Your BusinessINVESTORS UNITED MONDAY TELECONFERENCEListen to the Investors United School of Real Estate Monday Night Teleconference Where Mike DiPaula Will be Charles Parrish's Guest.  Mike will be discuss...

20  Front Porch Clause The cash you need could come from the investment property itself.  Virtually all properties need some repair; so ask the seller to make an improvement.  (Painting the front porch for example.)  Then, offer to make the repair for the seller in exchange for a deposit.  Have t...

18  Professional Services for Equity In lieu of a deposit or down payment, the seller might be interested in using your professional services.  Can you do accounting, graphic design, or perform acupuncture?  "As consideration for this agreement, buyer will perform five hours of graphic design wor...

16  Stocks, Bonds, Mutual Funds Investing in stocks, bonds and mutual funds is like betting on racehorses.  Legislation, market factors, natural disasters, and other variables make those "investments" unpredictable.  Conversely, real estate values are stable and predictable.  Stop gambling on you...

14  Positive Escrows You may be surprised to find an extra $2,000 or so that you didn't know you had.  When taxes and insurance are included in a mortgage payment, those amounts are set aside in escrow for payment when due.  Sometimes, the escrow account runs a positive balance that, over years, ...

12  Self-Directed IRA Account The money you need may be hiding in your 401K or individual retirement account (IRA).  People mistakenly believe that IRA investment options are limited, and that their money is unavailable until retirement.  Unlock the power of your conventional IRA by rolling it in...

10  Buy "Subject To" When a property is mortgaged and cash flow is adequate, take advantage of the existing financing with a "contract of sale subject to the existing mortgage with a delayed settlement and right of possession."  You take over possession, payments and income, while the owner retai...

8  Seller "Refi" for Takeover This no-money-down technique is as amazing as it is simple.  Ask the seller to refinance the property for the sale price (for 30 years fixed at no more than X%) subject to a one-time qualified assumption by you.  Take over their loan at closing.  The seller walks wit...

6  Private "Hard Money" Lenders Investors themselves, hard money lenders understand real estate in ways that conventional lenders don't.  They lend short-term at very high interest rates, plus points, with interest-only payments, sometimes without a credit check.  The terms are tough, but if you ...

4  Consumer Finance CompaniesConsumer finance companies (Rose Shanis, Household Finance) specialize in loans secured by consumer goods such as televisions, cars and mobile homes.  These companies jump at lower-risk opportunities such as real estate loans and they are flexible, credit-wise.  Their...