By David "The Diamond" Oswald on 12/29/2010 2:32 PM

There's never been a better time to invest in real estate, and fortunes will be made by investors with the market fluctuations we've been experiencing. House prices are, in the hardest hit areas, overshooting on the low side according to experts’ comparisons with salaries and cost of living. These figures had been fairly consistent up to the boom in the early part of this century. Using the techniques of short sales and options you can build a valuable portfolio at a discount price.

               

You know these things, and you can see where the deals may be found, but it is hard to get going. Some people call it "analysis paralysis". Other people talk about "pulling the trigger". It is easy to be a sponge, gathering more and more information, only to procrastinate when it comes to taking acti ... Read More »

By David "The Diamond" Oswald on 12/9/2010 2:35 PM

Lease options can be a win-win situation for both buyer and seller. For the buyer, they provide a hedge against rising prices, and a way to get into a house that you cannot afford yet; for the seller they provide a lump sum and regular income with the possibility of also selling the house.
 
If the astute investor has set up a lease option contract that can be sold on to another party, this opens up the opportunity for an income stream simply by having exercised some negotiation. There are a number of people who are renters and who would like to become homeowners. They cannot qualify for loans at the moment, while the market is affordable, as they have a credit problem, such as not having been in their job for very long.
 
 When you explain the advantages of a lease option as potentially a step on the rung of the home ownership ladder, you may find a willing lease option buyer who will pay more than you did for the lease o ... Read More »

By David "The Diamond" Oswald on 12/1/2010 2:34 PM

If you are interested in real estate investing, you may have heard about lease options. Some people shy away from them as they do not understand what they entail, but they are a powerful tool in your toolkit once you learn how to apply them properly.
 
The lease option is simply what is implied by the name -- a lease on the property with an option to buy. When you take out a simple option on a property, you will usually pay an amount that can vary from one dollar up to a substantial amount of money for the option. This money buys you the opportunity to purchase the property later. Often, the purchase price will be agreed in advance, although sometimes the option will specify that the house can be bought at the current market value at the time of purchase. The option will always have a time period, which can vary from one to several years.
 
The option on the property means that the owner cannot sell to anybody else until the set ti ... Read More »

By David "The Diamond" Oswald on 11/24/2010 1:40 PM

This article is dealing with the topic of when to proceed with a deal and when it’s better just to step away from it.  I had a recent situation that inspired this article and I decided to put it on paper because it involves an important topic concerning this business of real estate and something that many other investors ask me about: what is a motivated seller and how can you tell the difference between someone who is motivated and someone who is not?  From the question, it would seem obvious but you must remember that you must first define in your own mind what it means to be motivated.
 
For my purposes, a motivated seller is someone who is absolutely ready to do business and is craving for me to help them.  It’s not someone who wants to have multiple conversations to get to know me, followed by me coming out to snap some pictures of the house, followed by another week or two of them having an attorney look at the documents, followed b ... Read More »

By David "The Diamond" Oswald on 11/18/2010 12:29 PM

I recently spent about an hour and a half on the phone with one of the individuals that I am mentoring in the real estate business and we were going over about 30 different phone calls that he had received over the past two weeks due to our marketing campaign.  With each phone call, he would summarize how the conversation went with the potential client and what the end result was of the call.  As I began to listen to his summarization of the calls, I would ask him questions regarding what I thought were absolutely essential pieces of information but he had not acquired from the seller.  What I’m getting at here is that it is impossible to determine whether or not a deal could have been made unless you know what the FULL scenario may have been.  I ask questions of a potential client or in this case, a home seller, that help me to paint an entire mental picture of exactly what is going through his mind at this point in his life.  I deal in the business of fi ... Read More »

By David "The Diamond" Oswald on 11/8/2010 5:36 AM

Hi,

Are you still struggling to implement your marketing? Feeling overwhelmed? The lifestyle you so desire still eluding you? …Before I go on, this is not another ‘product’ pitch… what I want to share with you is a ‘Done For You’ solution you need to seriously know about.

By now you know to be successful on the internet, in fact in any business, you HAVE to know how to leverage other people’s time, skills and efforts. You need to know how to leverage the global workforce. More importantly you need to know how to outsource your marketing and list building.

I want to introduce you to my friend Daven Michaels, CEO of 123Employee. Daven and his team have been helping entrepreneurs just like you for over 6 years, they work with many internet marketers, speakers, authors, marketing and business consultants, in fact business owners from all over the world!

123Employee is the premier US managed outsour ... Read More »

By David "The Diamond" Oswald on 11/8/2010 5:33 AM

Hi,
 
This is just a short message to those of you who strive to get better either at real estate investing, outsourcing your life or just living in general.  Those are a few of the things that get me out of bed everyday (although not always that early haha).
 
This past summer, I went from shooting over 100 on the golf course to shaving 15 strokes off my game to be shooting in the mid 80's and it reminded me of when I first started improving as a real estate investor and things finally became easier - you know, when I had a handle on how things were supposed to go and there weren't as many surprises.  A few of the things that I had to master in order to make real estate investing much easier were the following:
 
1. Communication skills (not only with others but myself)
2. Letting go of control
3. Enjoying the feeling of things not being guaranteed Read More »

By David "The Diamond" Oswald on 11/8/2010 5:31 AM

I’m currently mentoring a couple of investors who are really excited about the business of real estate investing.  I like to feed off of their excitement and I enjoy listening to them when they talk about something new that they’ve learned and want to use in the business.
 
However, this also brings up the very tricky subject matter of what deals to take on and which ones to leave for a later time.  As with my last article, the experienced investor may read this and say, “Yes, I get it, I went through that period of my career where I looked at every deal with rose colored glasses but I’m smarter now.”  To that investor I would say that yes, you probably are smarter now but we must constantly be taking our own temperature (so to speak) to determine really where we are at that moment in our real estate business.  Even though you may have bought and sold 100 or 200 properties and you have years of experience, there are always going ... Read More »

By David "The Diamond" Oswald on 10/13/2010 10:44 PM

Any time that you become involved in doing a short sale and flipping the property onto another buyer, you may be asked about what you are getting out of the deal. Typically, you might be aiming to walk away with about $20,000, depending on the way the financials work out.
 
You will find that some sellers and some lenders will want to question the value of dealing with you, as they perceive that this money will increase the deficiency that the seller has to the lender. Some lenders will pursue the seller after the house has sold for this deficiency, and some will not, and will just forgive the outstanding debt. However, either the lender or the seller may feel that they are losing out by going along with your proposal.
 
If you come across this objection, you should be quite clear that your involvement in the short sale does not necessarily increase the deficiency, and may even reduce it. Given the current state of the housing ma ... Read More »

By David "The Diamond" Oswald on 10/13/2010 12:19 AM

Hi,

Jeff Adams is a well known name in the world of real estate investing and someone I've had the pleasure to spend a lot of time with.  He's also done something that most of
you will love...

He's put one of his most lucrative REO strategies on paper... outlined it like a blueprint... and then produced a DVD to walk you through the process!

And the exciting part is that I've arranged for these "blueprints" to be flat-out GIVEN to you, without charging you a cent...

...IF you click on the link and download it in the next 72 hours. Because after that, it's going to be taken down.
 
Click here:  https://lrmarketing.infusionsoft.com/go/RRFBP/a494/
 
So you can get (at no cost) in less than an hour, wha ... Read More »