Planning Your REI Business Planning Your REI Business - Many people do not PLAN - They just want to get RICH! and they do not do very well! See here on hints to plan your REI Business to not just SURVIVE but to succeed!
Buying Side Buying Side has to deal with: Finding Properties, Inspecting Properties, Negotiation, Creating Multiple Offers, Selling the Offers, Title Due Diligence, Settlement-Closing, and more. The Buying Strategies we employ are Lease Purchase, Sub2 - Land Trust, Agreement For Deed, Seller Carries a Note, All Cash with Private Money Investor, and more!
Financing Side Financing Side has to do with understanding Credit Reports, FICO Scores, Credit Repair and The Fair Reporting Act, Conforming and Non-Conforming Loan Approvals, and much more! You need to understand these basics, for your own credit AND if you want your Tenant Buyers and Wholesale Buyers to get funded!
Selling Side You need to find BUYERS for your properties. When you sell, it is easier to offer seller financing (lease option) to move the property FAST! We use a 36 month Lease Option with 30% EXTRA being an option payment for the option. We discuss here how to find tenant buyers, negotiate the Lease Option, and manage the lease option tenant.
We also offer to our Wholesale buyers our Special Cash Flow Rich Rent to Own Properties. The wholesale buyers would keep the Lease Option Agreements on the properties for 36 months, enjoying tax benefits and high cash flow (yields).
Private Lender Side Without Private Lenders, you can not offer all cash fast. To learn about Private Lenders, we teach Retirement Planning Basics, then about the IRS's Rules about IRAs and Self-Directed IRAs, and about Joint Venture Partners. You can set up different LLCs and get unsecured loans for yourself and your partners.
IRS for Retirement Planning IRS allows you to do many things (or does not say NO to many things) when planning your retirement.
This thread is about the IRS and Retirement Planning.
REI Advisors REI Advisors are Attorneys, CPAs-Accountants, Financial Planners, Insurance Agents, Mortgage Brokers and more. What do you ask these people, especially when you get started - this is what we focus on here.
REI Services Building Contractors and Sub-contractors, Property Inspectors, Termite Inspectors, Surveyors, Town Planners, Appraisers-Valuers, and more are discussed here!
Legal Side There are a ton of Legal Questions for Real Estate Investors, and many Real Estate Lawyers are juut not very helpful to REIs!
Here are some terrific Leagal Questions and Answers by attorneys that we trust!
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