Info

The Real Deal Real Estate Show with Larry Harbolt

The Real Deal Real Estate Show with Larry Harbolt is brought to you by The Real Estate Institute of Advanced Strategies. This show will teach any real estate investor how to buy and sell real estate for long term wealth and prosperity. Listen to real estate investing legends discuss the timeless methods used to acquire real estate. Larry discusses many strategies including but not limited to Seller Financing, Land Trusts, Options, Negotiations, Tax Planning, Asset Protection, Wholesaling, Lease Options, Contract for Deed and many other creative methods that provide a win/win solution for both buyers and sellers.
RSS Feed
The Real Deal Real Estate Show with Larry Harbolt
2021
February
January


2020
December
November
October
September
August
July
June
May
April
March
February
January


2019
December
November
October
September
August
July
June
May
April
March
February
January


2018
December
November
October
September
August
July
June
May
April
March
February
January


2017
December
November
October
September
August
July
June
May
April
March
February
January


2016
December
November
October
September


Categories

All Episodes
Archives
Categories
Now displaying: September, 2017
Sep 29, 2017

One of the KEY tips I can give any real estate investor, new or seasoned, is to LEARN ABOUT YOUR MARKET. It doesn’t matter where you live or where you’re investing, you’re going to adjust and adapt. This is going to help you create your own market and eliminate your competition.

People always focus on “buyer’s markets, seller’s markets,” etc. These aren’t really factors in your investments if you understand your market and take the time to talk with the seller. For example, a flip can be one of the riskiest investments out there if you don’t understand the area. Flipping without all the facts can lead to market speculation, which is DANGEROUS. Stock marketers speculate, but investors shouldn’t; otherwise you’ll lose your shirt.

Make sure to head over to LarryHarbolt.com for all your real estate education needs.

And don’t forget to fill out my quick survey and let me know what you want to learn at LarryHarbolt.com/CheatSheet.

Good Luck and Happy Investing!

Sep 22, 2017

We're continuing from our last podcast episode, where we discussed how you can create a marketable promissory note that can then be sold for cash. This is a lifesaver for the investor short on cash, and it's all based on fulfilling your promises as a business person.

In every seller financing transaction you'll ever do in your investing career, you'll need to understand the concept of clauses. There are specific ones we need to include in our Purchase Agreement and in the final note. One of the most important is the "Right to Refusal" clause.

The "Right to Refusal" clause says that if the holder of the note decides to sell that note to someone else for a discount, they would have to contact YOU first. You would then be given the opportunity to purchase the note at the discounted price, or refuse. If you can come up with the money, why not exercise your right?

Another crucial clause is the "Exculpatory Clause". This one isn't as well known and you may not meet too many gurus who even understand what it is. This clause allows you to purchase any property WITHOUT personal liability. The liability is limited to the property itself and will not extend to you. If you don't pay, then they simply take the property and can't come after you.

You also need to understand if you're a "Mortgage State" or a "Deed of Trust State". Depending on where you live, the standard deed will either be a mortgage or a deed of trust. Most investors like deed of trust based on how quickly they can make their money back. However, you can still make money in a mortgage state, but it will take more time.

This is only a few of the clauses you'll need to truly create a market all of your own. For a FREE download of sample documents, visit LarryHarbolt.com/ThinAir.

For all your real estate education needs, visit me at LarryHarbolt.com.

Sep 15, 2017

Today’s episode is one of my more exciting ones: making money out of thin air. It’s not a hoax or a scam, but a viable way to create deals without taking money from your own pocket. It’s never really about the numbers or the asset: every deal is built on the foundation of a promise. A buyer creates a formal promise to a seller that they need to fulfill, and that’s where every deal begins.

There are different types of promises that we make to sellers when we create a deal for their property. We use promises such as:

  • The Purchase Agreement, which is a mutual promise between the seller and the buyer.
  • There is also the Promissory Note, which many college students or anyone who has ever taken out a loan will recognize.
  • Next is the Mortgage, which details the repercussions if the promise is not kept (the Mortgage is not paid).
  • There is also the Lease Agreement, detailing the stipulations of the lease during its term.
  • An Option to Purchase is a promise that the buyer will buy the property down the road at today’s price.
  • A Land Contract and a Contract for Deed.

Once you understand that EVERYTHING you do is a promise, then you’ll understand your integrity is on the line. In negotiations, you’re showing the sellers that you’re a person of integrity who can keep your promises. That’s how the best deals are made.

Don’t forget to visit us at LarryHarbolt.com for all your real estate education needs.

If you’d like copies of the forms we mentioned in the episode today, visit LarryHarbolt.com/ThinAir.

Good Luck and Happy Investing!

Sep 8, 2017

Over the past few weeks I’ve had several investors come to me and tell me that they can NEVER get sellers to give them seller financing terms. For me that makes no sense: I have plenty of success in getting seller financing terms on the properties I buy, over 30 years in fact. So today I’m going to help out those investors who are having little to no success in negotiating seller financing terms on their deals.

I’ve talked with some investors who are buying upwards of 35 houses A MONTH. They already have a network and a system of lenders that allows them to pay cash for each house. This podcast isn’t for them; it’s for those investors that don’t have the cash or the network to scale their business yet to such a high level.

Cash is never the only way to buy a house; I’m living proof. Even if you have money, eventually that money runs dry and your business shrivels up. So why not just save that money for other deals and negotiate seller financing terms whenever you can?

For all your real estate education needs, visit me online at LarryHarbolt.com.

Good Luck and Happy Investing!

Sep 1, 2017

Every investor has to ask themselves this question sometime: “What the heck should I be buying to build my portfolio and cash flow?”. For some people, what they care about most in an investment property are:

  • Style
  • Price
  • Neighborhood
  • Income ability of the property
  • Whether the property is or is not listed on the MLS

Most investors DON’T think about some of these important aspects of the property that could seriously impact your bottom line:

  • The highest and best use of the property itself
  • The number of bedrooms, bathrooms, and overall size
  • The amenities: the lot size, a paved or unpaved driveway, a pool, a garage, etc.
  • Home owner association (HOA) fees
  • Special assessments owed on the property, i.e. new utility work
  • Active code enforcement leads
  • Updated cooling and heating system
  • Size of the kitchen
  • The types of windows
  • The type of flooring
  • The exterior siding or paint
  • The current state of the foundation
  • How close is the property to a busy street
  • Architectural features
  • Layout of the rooms
  • Condition of the neighborhood roads and sidewalks
  • The overall curb appeal

In the end, you need to decide how hard you want to work and how much you want to spend on each of your houses. Be mindful and do your homework on EVERY SINGLE PROPERTY you come across. This is how you’ll make more money on every deal you do. Otherwise you’ll make some costly mistakes.

For all your real estate education needs, visit me online at LarryHarbolt.com.

Good Luck and Happy Investing!

1