The LPA Newsletter - Larry Harbolt & Seller Financing |
Dear Fellow Landlord or Real Estate Investor, I feel very fortunate to be speaking along with Larry Harbolt in S. Florida next month. Larry has been successful creatively buying and selling real estate for over 30 years and has written numerous popular articles and real estate courses. Please take the time to read his informative article about seller financing for real estate investors! In this newsletter:
Please e-mail us if you have any questions or would like to add or share any material / information. Have a great month and an even more successful year ahead.
Did You Know That 98% of ALL Real Estate Investors Will Be Denied Bank Financing This Year?by Real Estate Educator, Larry Harbolt Getting Bank is still nearly impossible for most real estate investors and is a serious problem for most. If you haven’t noticed real estate investing is starting a make a slight come-back. What this means for the real estate investor is affordable financing to buy houses probably isn’t going to be in the cards for them. Do you think you could actually get a loan from a bank if you were to apply today? Are you still making offers to buy houses contingent on getting some type of financing without knowing if you can get the money or not? The worst thing I see everywhere I go are investors believing they will be able to make their deals work and get the money they need to complete their transactions when it probably isn’t going to happen. Most investors are finding it all but impossible to get institutional financing today. How do investors plan to pay for the properties they make offers on when it is nearly impossible to get institutional financing? Unless investors have a friend with lots of money who is willing to fund the investor’s deals, all of these investors will slowly go broke. Not a pleasant thought is it? Are you one of those people? Here’s a real problem - Some investors are going to use Hard-Money loans or some type of a bridge loan to finance their deals and this is wonderful provided the deal can endure the costs of the loans and still be able to give the investor a profit. For most investors using these types of loans just isn’t going to cut the mustard. Let me ask you, are you lose sleep at night worrying about how you will be able to pay your bills every month? Are you worried that you might lose everything you’ve worked so hard to acquire from years of hard work? Have you heard the stories about other investors going broke simply because they are unable to close on the properties they are trying to buying simply because they don’t have access to the funds they needed? It’s a simple fact there are hundreds of thousands of real estate investors across the country this year that won’t be in the business next year because of this fact alone! Are you going to be one of them, or are you willing to change the way you think and do business? Do You Have a Plan How You Will Find Funding?...Exactly What You Need for your Investing and Landlording Career!Upcoming "Mini Landlord Convention" |
|
Real Estate Attorney John Reno, an expert in landlord tenant legal matters, has specialized in landlord tenant law for many years. Mr. Reno answers questions asked by LPA members to help solve all kinds of landlord tenant problems.
Here's a note we received today from LPA Member Claire:
"Thank you. I am just glad they are out. Mr Reno gave me great advice, and he was correct, they did move out.
I can only imagine what the house would have looked like in another year.
Thank you, again. LPA is worth every dollar."
Thank YOU Claire! We're glad things are heading in the right direction!
Dear Mr. Reno:
I received a monetary judgment against a residential holdover tenant in Houston, Texas. The holdover tenant wants to pay the judgment but I would rather keep the judgment in place. Can I be compelled by the court to accept the payment for the judgment? Thank you.
Jack
A: Yes, if payment is tendered you are obligated to acknowledge that the judgment is satisfied.
If you have a landlord tenant problem you'd like to ask a question about, please feel free to e-mail me your question.
Submit a landlord / tenant question for Mr. Reno
Please try to keep your questions as short and to the point as possible.
If you haven't already, please take the opportunity to get your LPA Member Discount on all Quick Check Credit Reports! Quick Check is a fast, easy way to access online credit reports!
"Avoid negative thinkers. They will never believe in you and negative thinking can be contagious." - John Nuzzolese
"Some people wanted champagne and caviar when they should have had beer and hot dogs." - Dwight D. Eisenhower
"When you need advice- do you seek someone who has proven success or do you get advice from people who have never achieved what you desire?" - Robert G. Allen
"How much did your last tenant problem cost you? It was a lot more than an LPA membership, wasn't it?"
- John@TheLPA
How to Check your LPA Membership Expiration Date:
LPA Members, Interested in past LPA Newsletters?
Feel free to view the LPA Newsletter Archive
What are people saying about The Landlord Protection Agency?
Look-up
Associations
Attorneys
Businesses
Rentals Available
Rentals Wanted
Classifieds
Tips & Advice
Realty Brokers
Tenant Histories
Other Areas
Q&A Forum
Landlord Tenant Law
Essential Forms
Free Forms
Credit Reports
About Us
Help
© 2000-2023 The Landlord Protection Agency, Inc.