What’s the Difference Between a Lease-Option and a Land Contract? (Part 2 of 2)

by Vena Jones-Cox Question: I really don’t understand the difference between a lease/option and a land contract. Why would I want to offer a seller one as opposed to the other? -A.S, Atlanta Answer: The IRS also views these strategies differently. The seller in a lease/option treats the income as rent, reporting it on a […]

What’s the Difference Between a Lease-Option and a Land Contract? (Part 1 of 2)

by Vena Jones-Cox Question: I really don’t understand the difference between a lease/option and a land contract. Why would I want to offer a seller one as opposed to the other? -A.S, Atlanta Answer: I can understand your confusion: on the surface, a lease with option to buy and a land contract (or contract for […]

How to Find MLS Deals

by Vena Jones-Cox Question: I would like to find some distressed single family homes that I can buy at an under-market price, fix up, and sell for a profit. But when I look at properties that are listed for sale in the local Multiple Listing Service, I find that by the time I pay the […]

5 Things I Wish Someone Had Told Me Earlier about Real Estate Investing… (Part 3 of 5)

by Vena Jones-Cox 3. There’s no one best way to invest in real estate. Most new investors have a “guru”, a teacher to whom they look not only for advice, but for a world view that helps to direct and focus the newbie on a particular strategy. These gurus can take the form of a […]

5 Things I Wish Someone Had Told Me Earlier About Real Estate Investing… (Part 1 of 5)

by Vena Jones-Cox It is a major regret of my youth that no one ever bothered to tell me that working for a living was a drag, or that depending on a job to make you rich was a fantasy. I guess I was aware on some unconscious level that my dad’s real estate investor […]