David Buttross
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Buying Investment Properties – Tips For Making An Offer
Can You Buy Properties Below Market?While a typical buyer may look at five to 10 properties before making an offer, an investor who makes bargain buys usually goes through many more. Most experts agree it takes a lot of determination to find a real “bargain.” There are a number of ways to buy a bargain property:*Buy a fixer-upper in a transitional neighborhood, improve it and keep it or resell at a higher price.* Buy a foreclosure property (after doing your research carefully).* Buy a house due to be torn down and move it to a new lot.* Buy a partial interest…
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Setting Goals For Life & Business Success
Setting GoalsOne of the themes of this real estate investing article is that I hope you’re catching on to is that there is more to being wealthy than just having money. I know plenty of rich people who are absolutely miserable. They have all the money they could ever want, but they are in terrible health, have no friends, their family despises them, they don’t have any spiritual beliefs, no hobbies, and on and on.Just having money doesn’t make you happy; therefore, setting all of your goals around money won’t make you happy. When establishing your goals, I recommend looking…
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Short-Term Greedy: Subject-To Financing Gone Wrong
One of the most important lessons I learned from the book The Richest Man in Babylon – was the lesson that you must always keep your promise. This also means that before you make a promise, you must be in a position to keep your word no matter what happens. In my previous post about an investor’s Subject-To Deal – he made a promise to the seller when he set-up the deal to continue to pay his mortgage. In real estate, stuff happens all the time. It happened to the investor in Austin, TX I wrote about.Subject To Financing AgreementsGetting…
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Short-Term Greedy: Subject-To Financing
In real estate investing, stuff happens all the time. In fact, many of these no money, no credit gurus admit that Subject To or Sub2 types of deals end in default 70% of the time!Subject-To Example Case StudyAn investor recently purchased a property “subject-to” from a gentleman in Austin, Texas, for $126,000. The property value was $135,000 and had a mortgage of about $1,250 per month, which included principal, interest, taxes, and insurance.The house was less than two years old and was in immaculate condition. Why did the owner sell to the investor? He had listed with a Realtor for…
