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Almost all real estate transactions are processed through something called an "Escrow". But what the heck is that? Escrow is a neutral party that holds funds, acts upon documents and follows the instructions of the parties to a real estate transaction. The escrow holder takes written instructions from sellers, buyers, lenders, inspectors and others. Those instructions define the terms
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Below are ten categories of real estate, and different ways to invest in them. The best one for you is something only you can decide, according to your particular needs. To help you do that, I list a couple good points and bad points for each type. 1. Renting single family homes. Good points: An easier way to get started, and
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Knowing what a Good Deal is - Is the Key to Success in Real Estate.Richard OdesseyDear Investor,Take this little survey: The most important key to Real Estate Success is:1. Finding Motivated Sellers2. Funding Your Deals3. Negotiating4. Knowing a Good Deal when you see one.Yes all of them are important. And if you answered #4 - you're right
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What do we really want?To be successful, we need to know what we really want. This involves a vision of our life as we desire it to be. To cite the success coach, Tommy Newberry, "The most successful people in the world are those who have taken the time to figure out exactly who they want to
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Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this "Rehab, Refinance, and Cash Out". This strategy can lead to true long term wealth and financial independence. This works very well in a buyers market like Memphis where prices have been quite flat
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