How to Save Up to 90% on Title Insurance

How to Save Up to 90% on Title Insurance

If you have ever bought or sold real estate, you have probably paid for title insurance. What exactly is title insurance?  Why do we need it?  How can I save money on title insurance?  These are common questions asked by real estate investors. Whenever title passes, the seller usually gives a deed containing certain guarantees […]

60 Days to Your First Bargain Purchase!

60 Days to Your First Bargain Purchase!

Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground. Nothing happens and nothing matters […]

Illegal Property Flipping

Illegal Property Flipping

There has been a lot of negative press and misinformation lately about double-closings. Many people have been indicted recently under what the press has labeled “Property Flipping Scams.” Misinformed lenders, real estate agents and title companies will tell you that double-closings are now illegal. In fact, they are nothing of the sort. A double closing […]

Tax Implications of Lease/ Options

Tax Implications of Lease/ Options

There are some interesting and lucrative advantages of using options as both an optionor and optionee of real estate. Generally speaking, option money is not taxable to the optionor until the option is exercised, expires or is abandoned. I.R.C. Section 1234 (subject to “dealer” rules, discussed below). If it expires or is abandoned, it is […]