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Articles from Bryan Benson | Selfgrowth.com
- Getting Your First Deal: Which Direction Should You Take? Part I - by Submitted on Apr 04, 2008 from Bryan BensonAre you working on your first deal? Have you come across an opportunity and you just aren’t quite sure which direction to go in? This can be a confusing and frustrating situation if you have a property with a variety of potentials. It’s enough to make you crazy! This isn’t ...
Views: 618 - Short-sale: Don't Get The Short End Of The Stick! - by Submitted on Mar 26, 2008 from Bryan BensonShort sales can be very tricky. In order to benefit from a short sale, you must keep all of your ducks in row, and not focus on the sale but focus on yourself. Of course I’m not suggesting that you don’t focus on the sale-you always want to stay focused on the sale. But what I am ...
Views: 614 - Working With A Mortgage That Is In Forbearance - by Submitted on Jan 02, 2008 from Bryan BensonA forbearance agreement in real estate is an agreement by the lender not to exercise the legal right to foreclose in exchange for an agreement by the borrower to a payment plan that will cure the borrower’s delinquency. This is something that can be actively pursued by someone who is ...
Views: 611 - Deadly Mistakes You Can Avoid - Part 5 - by Submitted on Nov 30, 2007 from Bryan Benson7. Chasing dead-end leads. Chasing dead end leads is very similar to dealing with unmotivated sellers and can be a tremendous waste of time and energy. Unfortunately, many people never really learn how to avoid it. Well I can solve this problem very simply. Pre-qualify every prospect that comes ...
Views: 610 - Questions about Equity Spread - by Submitted on Mar 31, 2008 from Bryan BensonMany people have questions about equity spread (and what is considered a common equity spread). Let me explain it to you this way. If you have a home that is subject-to and is leveraged pretty high, how much equity spread actually still makes it a deal? Before you can answer that, you need to ...
Views: 608 - No Need To List With A Realtor - by Submitted on Mar 10, 2008 from Bryan BensonHere’s a scenario you might be interested in. Suppose you are getting a lot of response on a property-it's not just from the ad in the paper, it's also from additional marketing. The issue in this scenario includes a high dollar amount loan (say $600,000.00) with a $4,000-dollar a month payment. ...
Views: 599 - Dealing With The Seller: Is It Your Choice? - by Submitted on Mar 26, 2008 from Bryan BensonIt’s the same old story. I have heard this story dozens and dozens of times. You have found the perfect house, located on a perfect piece of property in the perfect area. One problem…you have not found the perfect seller. In fact, you cannot even find the owner or seller. Having a ...
Views: 597 - To Get Really Good, You Must First Be Really Bad - by Submitted on Dec 04, 2007 from Bryan BensonI never cease to be amazed by people who expect to get good at something overnight. I see new investors get into real estate all the time and somehow they get this illusion it’s some kind of fairy tale business where you can go from beginner to expert in a few short months. Where does ...
Views: 594 - Making Use Of A Bad Real Estate Market To Build Fortunes - by Submitted on Dec 07, 2007 from Bryan BensonIf you have received the proper training as a real estate investor, you realize there is no such thing as a “bad” real estate market. The real estate market fluctuates cyclically, driven mostly by the laws of supply and demand. As you probably learned in grammar school, supply and ...
Views: 593 - General Questions - by Submitted on Mar 31, 2008 from Bryan BensonIs there a law that says you cannot give a car away if somebody buys a house? Think people-this is not a lottery. There is not a law that prohibits this practice. Do you need a HUD statement when you prepare the deed? It does not hurt to do this. If your closing agent is recommending it, then ...
Views: 591 - Information On Rent-to-Own Properties - by Submitted on Dec 14, 2007 from Bryan BensonPeople have asked, “What's the difference between a rent-to-own versus the owner financing?” The answer – nothing. It’s just about the way you say it and the way it is perceived. When buying a higher dollar house, buyers are not going to want a rent-to-own situation. ...
Views: 591 - Senior Housing: What To Watch Out For - by Submitted on Apr 02, 2008 from Bryan BensonWhen it comes to senior housing, there are a few areas you might want concern yourself with to avoid any pitfalls. In fact, maybe the city itself (the city you are dealing with) does not believe there is enough senior housing in their area-maybe they are welcoming it. The first thing you need ...
Views: 589 - The Art Of Mindfulness - by Submitted on Mar 11, 2008 from Bryan BensonAll of us can fall into a habit of inattention due to the routines of a typical day, going into the bathroom to brush the teeth and wash-up, get dressed, eat a quick breakfast, get into the car and go to work. Most of us are engaged with the same routines at least five days a week with little ...
Views: 587 - Nine Ways To Improve Your Closing Ratio - Part 3 - by Submitted on Dec 04, 2007 from Bryan BensonStep 7. The Day Before Closing Call the closing agent and get the exact amount the buyer will need to bring. Usually a cashier’s check is required and you don’t want this to be a last minute thing that was missed. Call your buyer with the amount and confirm they have the insurance ...
Views: 574 - Three Ways To Get Better Real Estate Deals (And Work Less For Them!) - by Submitted on Dec 11, 2007 from Bryan BensonHave you pursued training as a real estate investor, or are you just assuming that you can make the right decisions and profit in the industry? Most likely, if you are like the majority of so-called real estate investors, you haven’t had proper training and have simply applied a sum of ...
Views: 574 - How Do You Proceed In A Land Trust? Part I: In The Beginning...Making The Right Decision - by Submitted on Apr 05, 2008 from Bryan BensonSay you picked up a residential house just recently and you did not realize what a great deal you have. You knew you had a lot of equity in there, but you really didn’t realize what a great deal it truly was. So you have gone ahead and gotten the deed. And the next step is to file it in a ...
Views: 573 - Getting Started: What You Need To Know - by Submitted on Apr 02, 2008 from Bryan BensonAre you feeling concerned about starting your first deal? Not sure how to go about it? There are a couple of things/questions you need to ask yourself when you are getting started. You may be finding yourself in the same boat as many people who have started in this business. Are you limited ...
Views: 572 - Getting Your First Deal: Which Direction Should You Take? Part IV: Which Stage Will You Use For Your Sale? - by Submitted on Apr 05, 2008 from Bryan BensonSince I’ve taken you this far, I’ve decided to take you all the way! I can’t leave you hanging at this point can I? Okay, let’s re-cap. You have gotten your first deal, you have priced your unit(s) and now we are going to discuss what stage of selling you are in and how ...
Views: 568 - Getting Your First Deal: Which Direction Should You Take? Part III Entitlement Timeframes. - by Submitted on Apr 04, 2008 from Bryan BensonSay your state poses a bit of a challenge from an entitlement standpoint. As we discussed in parts I and II, you have worked on your first deal-and it is coming along! You have even gotten to the next stage of pricing your unit(s). Now you are ready! Bring on the contractors-right? Here is ...
Views: 567 - Tips For Advertising In The Newspaper - by Submitted on Dec 13, 2007 from Bryan BensonEveryone seeks maximum exposure when trying to sell a property and to attract a tenant or potential buyer. Many different methods are available to choose from when you are looking to bring maximum exposure to your property. When your signs are being taken down by mischievous teenagers and home ...
Views: 566 - Promises, Promises. Promises Made...Promises Broken? - by Submitted on Apr 01, 2008 from Bryan BensonThere are many things you may promise a seller. Of course you want everything to work out perfectly when it comes to a sale you are involved with. I’d like to give you an example you should be wary of and give you a possible solution. Say you have a short-sale happening and you should ...
Views: 561 - Finding The Right Pieces To Solve The Puzzle - by Submitted on Apr 01, 2008 from Bryan BensonSay you have a lease-purchase option on a property and a tenant-buyer in it. The tenant-buyer is wanting to purchase this in about three months; and now all of sudden you are having difficulties finding a closing attorney who will close this loan for you without the initial security being in ...
Views: 546 - Getting Your First Deal: Which Direction Should You Take? Part II Pricing Your Unit/Property - by Submitted on Apr 04, 2008 from Bryan BensonHow would you price your units? Once you have gotten an estimate on your per unit value what is your next step? How far are you in the process? What are your next steps? In part one we discussed the per units value (this was determined from broker in the area). But let’s say that you ...
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