Well the government has finally gone and done it. They have killed easy owner finanicing in our Great State. Gee thanks I will be sure to send my representatives a thank you letter for the SAFE ACT and its implementation. If you have ever wanted to exit a house that was an investment property you must now be a mortgage broker in order to sell it if it was an investment property. I guess now those buyers who need owner financing from investors will now have to pay a little bit more for the headache the investor has to go through in order to owner finance a house to an buyer who wants to live there. Did the wise washington politicians think that the SAFE ACT would protect buyers who need finaning? PLEEEEAAAASEEEE!!!!!
New Apartment Complex
On last Friday I began a new journey of a new apartment complex in Texas. This complex is a group investment (real estate syndication) that I sponsored. The investment is owned with no Debt to eliminate the main risk that I believe cost the previous owner the building. Too much debt! I will be bloging about this investment over the next couple of months as a way of communicating to the investors in the syndication and as a means to share my experiences with other investors who may be interested in real estate investing.
An example of a multi-leg real estate exchange
Please see the file entitled multi-leg real estate exchange. This is courtesy of The Society of Exchange Counselors (SEC). You can find thier website at www.secounselors.com
Here is the link http://www.slideshare.net/ronseay/multi-leg-transaction-formulas or click the follwing link:
you can also download the pdf file from the mybox section on the righthand side of my blog. Just look for multi-leg transaction.
What is a multi leg real estate exchange?
What is a mulit-leg real estate exchange? It is a series of exchanges that allow you to take your real estate from where you are to where you want to go. How do you make something like that happen? With lots of flexibility and patience. You need to be able to move into assets that may not exactly fit your needs at this current time. They may not be the best fit for your long term financial plan. They may not even be in this country! They are simply a way to go from where you are to where you want to be. You need to be able to answer the question, “What else can it look like?” Have you heard the story about 1 red paper clip?
Multiple real estate solutions…
Real Estate Investing is just like this blog by Dan Miller about finding multiple solutions to problems.
1. Can you find the solution here… by Dan Miller of 48 Days at http://48daysblog.wordpress.com/
Many years ago in an Indian village, a farmer had the misfortune of owing a large sum of money to the village moneylender. The old and ugly moneylender fancied the farmer’s beautiful daughter, so he proposed a bargain. He would forgive the farmer’s debt if he could marry his daughter. Continue reading Multiple real estate solutions…
Are you growing your business?
One of the things I want to do this year is grow my business. So I began looking for opportunities to invest and to put together another group investment or syndication. I found a small apartment complex in one of the communities close to my home base and decided to go and look at it b/c it was a screaming great deal!
What is a dirty ugly?
it is a property that is dirty and ugly. Need an example see below.
Why would someone own this????
The End of a good thing
Today an investment fund that I manage is scheduled to recieve the last payment on an owner financed house that was sold a couple of years ago. The deal was a good short term deal and it paid for the most part like clockwork! I hate to see it go, but alas the end is the end or so it seems. Continue reading The End of a good thing
Are you thinking long term about appreciation?
check out the blog post by the bawldguy! http://www.bawldguy.com/how-to-quadruple-your-money-with-no-appreciation/
He is laying out the conservative analysis of a 5 year, no appreciation, property performance. Continue reading Are you thinking long term about appreciation?
Society of Exchange Counselors
do you know who the society of exhange counselors are? If not please call me as these are the people who put the C in Creative Real Estate. Check out he latest updates at their website http://www.secobserver.com/
Do you need a solution to a real estate problem call me at 512-689-6742 and lets discuss how I can help you apply some of the creative concepts that make the society of exchange counselors to Doctors of Creative Real Estate.