How to Deal With Prospective Tenants (Part 3 of 3)

by Vena Jones-Cox Question: Another issue we have come across is prospects who take an application and never return it. They seem excited about the property when they leave, and promise to get the completed application back to us in a day or two, then we never hear from them. We had an open house […]

How to Deal With Prospective Tenants (Part 2 of 3)

by Vena Jones-Cox Question: We considered blocking out a set period of time each week (say Saturday from 11 a.m. to 1 p.m.) but I’m trying to be customer friendly and I’m afraid that the work schedules of our prospects would preclude them from making it to the set “open house.” Answer: There is a […]

How to Deal With Prospective Tenants (Part 1 of 3)

by Vena Jones-Cox Question: We’ve come across some problems we thought your readers might also be encountering, hence this note to you for your consideration in possibly addressing the below subjects in your newsletter. The past 2 weeks have been really frustrating as I have been stood up by prospects at scheduled showings 8 times. […]

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 […]

Private Lenders

by Vena Jones-Cox Question: I am having problems thinking outside the box and coming up with creative means of financing a property. I made an offer on a bank-owned property, and now I’m trying to figure out a way to finance the deal without coming up with my own money. I have traditionally gone to […]

If I Want to Invest in Real Estate, Should I Become an Agent? (Part 2 of 2)

by Vena Jones-Cox Question: I am just getting started in real estate investing, and I’m thinking about getting a real estate license. What kind of problems am I going to have when I am both an agent and a buyer or seller in a particular deal, and what do I need to do to avoid […]

If I Want to Invest in Real Estate, Should I Become an Agent? (Part 1 of 2)

by Vena Jones-Cox Question: I am just getting started in real estate investing, and I’m thinking about getting a real estate license. What kind of problems am I going to have when I am both an agent and a buyer or seller in a particular deal, and what do I need to do to avoid […]

How Much Does a Renovation Cost, Anyway? (Part 2 of 2)

by Vena Jones-Cox Question: I keep hearing other members of my real estate association talking about fixing up a whole house from top to bottom for $10,000 to $20,000. When I get bids for properties I’m thinking of buying, I find that I can’t get the same work done for less than $30,000. What am […]