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Richard Reichmann's Articles in Advice for Buyers

  • The Importance of Agreeing On The Closing Date
    Over the years I have seen many good deals lost because of dissagreements about closing dates. Tray to get Buyer and Seller to agree upon this before a contract is even signed, avoiding later problems.
  • Overcoming the Seller's Objections When Buying Subject-To
    Sellers have a number of fears when selling to us Subject-To their mortgage. Always remember to protect you sellers credit as you promised them you would. Remember they put their trust in you, now live up to your promises.
  • Secret Loopholes Of The Due On Sale Clause
    The game for us is how to transfer ownership to the property without getting caught by the lender. You could simply get the owner to sign you a deed and not record it, but this method is problematic (for example, what if the seller gets a judgment against him?). Enter the "trust assignment trick.
  • Secrets Of Buying At The Foreclosure Auctions
    Bidding at the foreclosure auctions can be both exciting and financially rewarding. This proplem is that most new investors start bidding emotionally and get themselves into a heap of trouble.
  • How to Find Motivated Sellers The Easy Way
    A motivated seller is a property owner whose sole aim in life at the time you are talking with him is to get rid of his piece of property.
  • Drop In Home Prices Continue To Accelerate
    When searching for a new home or a new loan be sure to read the fine print carefully. Don't put yourself in a position where your mortgage payments might be increasing to the point where your home is no longer affordable. Just use some good old common sense when shopping.
  • How To Negotiate With Sellers And Close The Deal
    Being able to negotiate well takes some practice. Using these guidelines will save you time and you'll get more deals closed with much less stress.
  • Always Know Your Exit Strategy In Advance
    It's extremely important to know you exit strategy befor you buy the property. I prefer that you have at least two way to sell the property just to be safe.
  • Credibility Your Most Valuable Asset
    My articles are often inspired by my own experiences and mishaps, as well as those of investors around me. I think in this business (as in any other business) one of the deadliest mistakes you can make is to be unable to fulfill your promises.

    You will lose credibility in the face of those you do business with and an unfavorable reputation is very hard to dispose of.
  • How The Foreclosure Process Works And Why It Exists
    Buying properties in pre-foreclosure in not a guessing game, but based on powerful, calculated reasoning based on a thorough knowledge of how the system works.


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