Blog

03 Jul

Posted at 08:00h in Blog

As with most businesses, knowing how to get real estate leads in a hot market is an important part of the terms (creative financing) niche. If you can't generate leads, you'll never be able to take on new deals. We have a number of tried and tested systems for generating leads that work nine times out of ten. But what happens when those systems dry up? Or there's a lull in the market for whatever reason which typically is that it’s a hotter than normal market for sellers and they’re moving their properties more readily. The simple answer is… You need...

01 Jun

Posted at 12:30h in Blog

A lot of people like to start their day with an easy task so they can knock out something small and get moving. I'm here to put an end to that. It's time for each and every one of us to do the hard things first. Why? Because that's when we have the most energy and focus. We have the ability to change the entire day by getting a major win first thing in the morning. That moves us forward and we can keep it going throughout the day. But more importantly, it means that we are always going to get the...

29 May

Posted at 07:45h in Blog

Do you want to learn how to avoid complacency and find freedom in your business? John Alexandrov was an attorney in Massachusetts for over 30 years. He was best known as a leader, providing business legal services to entrepreneurs and business owners. John represented hundreds of business owners and entrepreneurs, and he was as well known for his business skills as he was for his legal skills. Capable in all aspects of a business’s legal needs, he brought real-life business experience to the table as an entrepreneur and business owner himself. At the same time, John knew how to act decisively,...

25 May

Posted at 11:25h in Blog

We tend to focus on nice, move-in-ready homes that don't need significant repairs or maintenance—but that doesn't mean repairs are out of the question or uncommon. Sometimes there are a few underlying issues with a home, and that shouldn't stop you from buying it on terms. But this begs the question who pays for repairs after home inspection? If you do find yourself with a terms property that needs repairs, here's how we recommend handling it. A Terms Property Purchase Scenario Let's say you find a nice, move-in-ready home but find out that the chimney needs some repairs. (This is an actual...

08 May

Posted at 08:25h in Blog

In the terms niche, we provide solutions for sellers who are having difficulty selling their home and buyers who are unable to purchase a home conventionally. That means we often deal with sellers and buyers who are in very unique situations. Whether it's a seller who is desperate to move or a buyer who had an incident in the past that is affecting their credit, we can help both parties out. In this case, we're going to look at a deal where the seller was actually behind on his mortgage payments by several months. This might sound like a red flag,...

24 Apr

Posted at 16:16h in Blog

In this blog post, Don Strickland, one of our High 6 Associates and an engineer turned real estate investor, shares how he became one of our most successful Associates while still working a nine-to-five job. It's possible! Below you'll find some of his best tips and advice. Life is busy. I try to juggle my kids’ sports, my full-time job, the real estate business, and everything else in life. But being out there and seeing what Chris and his team do propelled me even further. Seeing how Chris has been able to create a thriving family business made me want to...

17 Apr

Posted at 06:55h in Blog

Rent to own deals are perfect for people who are building credit or have bad credit due to some past circumstances. We provide them with a way to build their credit and purchase a home when they would be otherwise unable to do so. But what if the buyer has no credit history whatsoever? It might sound crazy, but it does happen. In this case, our Associate found a buyer who is self-employed and has paid for everything in his life with cash. So when they checked his credit history, nothing came up. Here's what they did… The seller The source of this deal...

10 Apr

Posted at 08:10h in Blog

We'll be the first to tell you that there are no overnight successes in this niche. Just like every other industry, you can't expect to get into the terms niche and start making millions right off the bat. It's not uncommon for our Associates to go one, two, three, even six months without getting a deal under their belt. And that's okay, because we're in this for the long haul (and you should be too, if you're interested in getting involved in this niche). Just take a look at Bill Reich. He is one of our best performing Associates in the High...

06 Apr

Posted at 11:25h in Blog

Before we begin, let me first clarify that I am not an attorney! I would always encourage you to seek advice from your own attorney before using these documents, and you may want to do your own research to find the exact definitions of these documents and how they work. For our purposes, I'm going to be paraphrasing and telling you how we utilize them. The Authorization to Release is simply a letter that grants you the ability to act on a person's behalf. We typically use this on the seller side—so that could be you, or your company, acting on...

03 Apr

Posted at 07:25h in Blog

In this blog post, Don Strickland shares his story of how he got involved in the terms niche to supplement his income as an engineer. After going through books and courses in other areas of real estate with varied success, he found Smart Real Estate Coach and never looked back, eventually turning it into his full-time career. My professional career started in engineering, and then I got into telecommunications; I’ve been in that business for 25+ years, managing and building out networks. That’s what I do full-time, professionally. Course after course, but no results Many years ago, traveling through different states on business,...