Landlord & Investor Q&A Presented by Attorney Jim Clark for October 2018

In this segment Jim Clark answers the most popular questions that come up through his interactions with landlords and real estate investors through his presentations to local organizations, networking, one on one conversations as well as direct posting through his website and social media. Continue reading “Landlord & Investor Q&A Presented by Attorney Jim Clark for October 2018”

Landlord & Investor Q&A September 2018: Presented by Attorney Jim Clark

In this segment Jim Clark answers the most popular questions that come up through his interactions with landlords and real estate investors through his presentations to local organizations, networking, one on one conversations as well as direct posting through his website and social media. Continue reading “Landlord & Investor Q&A September 2018: Presented by Attorney Jim Clark”

Landlord & Investor Q&A August 2018: Presented by Attorney Jim Clark

In this segment Jim Clark answers the most popular questions that come up through his interactions with landlords and real estate investors through his presentations to local organizations, networking, one on one conversations as well as direct posting through his website and social media. Continue reading “Landlord & Investor Q&A August 2018: Presented by Attorney Jim Clark”

The “Other Way” To Get More Deals

In the real estate world, there are two basic ways to get more deals. The first is obvious: to go out and find properties through marketing, networking, and hitting the pavement. The second is unconventional, but lucrative with the right approach: make better deals out of the properties you’re already looking at. There’s no such thing as a bad property, only a bad deal. Continue reading “The “Other Way” To Get More Deals”

Beware the Ides of March

Beware the ides of March. These famous words mark the day that Julius Caesar was tragically assassinated to death by his Senate. Caesar’s stabbing followed a period of unrest in ancient Rome and eventually led to Rome’s transformation from a republic to an empire. However, the ominous origins of this phrase are rooted in literature. In Shakespeare’s culturally transcendent Julius Caesar, the prophetic soothsayer warns Caesar about this day by cautioning him to “Beware the ides of March.”

Shakespeare’s words apply to the real estate world, too. At a certain point, investors, home flippers and landlords need to pause, assess, and exercise caution– and to back away from any dangerous edges. Continue reading “Beware the Ides of March”

Making the Jump to Commercial Real Estate

I see it happen to successful residential real estate investors all the time. They get to a point where they’re doing a little bit of everything – working on rehabs, picking up some residential rentals to hold, assigning some of their contracts when the numbers make sense and looking at bigger deals. They’re in a rat race, they go non-stop all day and night. They’re doing well, financially, but then suddenly it hits them. Continue reading “Making the Jump to Commercial Real Estate”

A Story of a Promising Real Estate Investing Business That Went Bad

It’s the middle of the night. From the outside, the house, distant from the road but grand and stately in the moonlight looks completely dark except for a faint glow coming from one of the windows on the first floor. There he was staring at the screen of his laptop.  Wife and kids, upstairs, fast asleep.  He couldn’t rest, so there he is, trying to figure it out.  A spreadsheet staring back at him.  He’s a professional, businessman, very successful and he’s trying to figure a way out, but deep down he knows the numbers don’t lie.  “How could this have happened to me?” he thinks. Continue reading “A Story of a Promising Real Estate Investing Business That Went Bad”

Rent to Own – Part 1

Home prices are down, sellers are motivated, deals seem to be everywhere, but you are not a cash buyer, and your credit has been knocked down like many who have been struggling and overburdened with debt over the last several years.  Purchasing a home outright is not a viable option, and most likely the home you are looking at is encumbered by a mortgage, so simple seller financing is not an option.  Other structures such as a wraparound mortgage, and creative structuring through the use of trusts and other vehicles (both of which I will get into in a later post) might work, but you need something simple to get the deal done. Continue reading “Rent to Own – Part 1”