Blog
Buy-Sell Agreements Explained
Buy-Sell Agreements should be a required part of your investing plans. I have often said that the number-one mistake made by all new real estate investors is that they buy the real estate in their own name, instead of buying it in the name of a business entity which they own. I have also said that the number two mistake is using the wrong business entity when buying the real estate. Today, we'll talk about mistake number three. And it is the failure to have a Buy-Sell Agreement in...
Debt Cancellation Is Taxable.
Debt cancellation happens when you are relieved of the responsibility to repay the debt. But the IRS considers the...
The 360-Day Year. Yeah, really.
The 360-day year was created by the banks, and, surprisingly, it's actually a good idea. The first time I came across...
Guarantee A Loan? Wait up!
Guarantee a loan, if that's what you have to do. But be smart about it. I've said a hundred times that you should...
Title By Adverse Possession, The Myth
Title By Adverse Possession is a myth. The requirements are stringent, and you probably can't satisfy them. I read,...
The Due-On-Sale Clause Is Real!
The Due-On-Sale Clause is the clause in your Deed of Trust or Mortgage that simply says that if you sell the property,...
Loan Approval? Yeah, sure. Whatever.
Loan Approval is the process of applying to a lender for a loan, and being approved or not approved by the lender. You...
A Living Trust Is Not A Trust
A Living Trust is not a real, legal Trust. Usually, when someone says, "I have a Trust," they probably don't, not if...
The Acceleration Clause
The Acceleration Clause that we are talking about today has to do with the debt that you owe your Lender on the real...
Who Has Your Rents?
Who has your rents is a question you might ask if they vanish, and you have been missing your Note payments. Do you...
How Much To Borrow
"How much to borrow" refers to how much of what you pay for your real estate investment should be debt, and how much...
High-Priced or Low-Priced Real Estate?
High-priced or low-priced real estate? That seems to be the first thing that new Real Estate Investors want to know. ...
Refinance For Free Money? No!
Refinance for free money? Today we are talking about a "time bomb" that that you might have planted in your real...