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Cash Is King: Banks love to see a borrower with cash on hand. My recommendation is that you build up $100K (or more) of cash as soon as possible and have it on hand with your local bank. It seems like a lot of money but it is a great way to rapidly get a banker working for you in completing your deals. In most of your deals you should not need to leverage this cash toward individual transactions.

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Investor Q&A (with Andy)

Published on 10. Nov, 2010 by in Blog, Finances, Investing, Management

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Andy! Could you give me some advice on a situation I have? I own a home in Waco that I bought several years ago with a friend. Long story short, he bought me out of my share of the home in 2004, but he still owes me $3500 and my name is still on the […]

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Confidence is the key critical factor to be successful because without it many investors would not move beyond their first initial property.  If that first property turns into an “alligator” and cost them a ton of money, they would have sold it at a loss and never purchased another property. It takes lots of courage […]

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“Without adversely affecting current enjoyment of real property, a land owner can achieve significant economic benefits (enhanced value of surrounding property and income tax savings) by dedicating an interest in land for conservation purposes.” Curtis L Brown suggests that dedicating the entire interest in land can result in great benefits than what is more frequently […]

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Whenever you sell business or investment property and you have a gain, you generally have to pay tax on the gain at the time of sale. IRC Section 1031 provides an exception

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Leveraging Cash in Real Estate Transactions

Published on 03. May, 2010 by in Blog

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Leverage is where you buy more property seeking a multiple return on your investment by purchasing more property. You can’t count on the bank to protect you when leveraging cash for a real estate, you must make sure you can pay your debt service (especially if property struggles). Main question: Can you sustain the mortgage? […]

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