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Contracts: Works of Art

A Creative Work of Art

Red One by Charles Parrish

 


A well-written real estate contract of sale is like a Picasso. Simple, yet complex. Just as a painting speaks for the artist and conveys meaning to viewers, a real estate contract speaks for the parties and directs agents, the title company, lawyers, and perhaps a judge in a court of law.

The “Skinny Contract” I have been using to control millions of dollars in real estate over the last 30 years is a simple, one-page document. The “standard” Realtor contract of sale is 40 pages intended to protect homeowners, but largely unnecessary scribble-scrabble for use by investors. Though “skinny,” every one of my contract clauses is as deliberate as a brushstroke.

To paint your contract for real estate investment profit, you need to learn the right techniques. You need a palette of clauses to choose from, mastery over every word, and understanding of what each is designed to accomplish. With practice and guidance from a master, your contract of sale can be a valuable work of art – a product of your creativity, your imagination, your motivation, your inspiration. It can be your gateway to equity and cash profit.

As you practice your contract “painting” lessons, consider more…

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Top 10 Ways to Sell Your Home Yourself

10 Effective Real Estate Marketing Strategies

Top 10 Ways to Sell Your Home Yourself

 Affix a “For Sale” sign or banner to  the property and use directional signs  to attract attention from side-streets

 


  Today, even time-pressed homeowners can sell their property quickly using simple marketing methods that are often overlooked. With a friendly title company to write up and record the transaction, selling real estate can be fast, easy, and inexpensive.

  Typically, people sell real estate by: 1) hiring an agent, 2) hiring an auctioneer, or 3) selling the property themselves. But more important than who sells the property, is how the property will be marketed best. The key to selling anything is to make the public aware of the opportunity. Consider the following creative marketing methods to best market your properties:

1. Prepare a Flyer
  The first step is to create a detailed flyer about the property. Your flyer should display a picture of the property, its address, your contact information, and all positive attributes and potential benefits. Include specifications such as bedrooms and baths, heating, cooling, plumbing, electric, windows, roof, upgrades, zoning, proximity to landmarks and schools, and any special incentives or warranties. Tape an envelope full of your flyers to the front door and distribute them to potential buyers.

2. Price It to Sell
  Given holding and opportunity costs, there is a time value of money. Instead of waiting for top price, take advantage of the time value of money by establishing a price at or slightly below market. To determine market value more…

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Which Telephone Number is BEST for Business?

Hello Mr. Parrish. I watched the online videos already today! Great Job! I do want to ask one question….as I market toward my motivated sellers….while watching the videos….would it wise to get a toll free number (800, 888, etc) or do you just give out a cell phone number? I have heard also of people getting ”live receptionists” to take calls as well? Thank you, and hope to meet you soon!

Manny Branco more…

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Real Estate Investing for Recent Grads and Young Professionals

I just turned 23, have a masters in accounting, will soon have a CPA, and am going to work for a big 4 accounting firm in a couple months.

I’ve always had a passion for real estate, but really just don’t know about how to get into it. I’ve spotted an excellent opportunity to make money in the most sought after area in St Louis, MO. How does somebody my age with no money go about obtaining a multi-million dollar loan?

Thanks,

Brandon


Congratulations on your achievements, and thank you for considering my advice.

It’s interesting to me that four months prior to taking a job, you are already looking for another source of income. Wouldn’t it be exciting if in the next four months your real estate investment endeavors resulted in your financial independence? more…

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How To Use Discounted Mortgage Notes To Grow Your Portfolio 59% Per Year

In this video below, Ian Parrish interviews Investors United Alumnus and Instructor, Roger “The Noteman” Turek about a discounted mortgage note he purchased for a 59% annual rate of return using his Self Directed IRA. He explains step-by-step how he located the note holder, the details of the negotiation, and how he manages the note payer for an excellent passive income stream.

In addition to the specific’s of this transaction, Roger and Ian discuss the differences between discounted mortgage investing and the stock market as well as traditional landlording, how to mitigate risk, and more. Enjoy!

If you would like to become a note expert yourself and learn directly from Roger how to obtain double digit and triple digit returns, enroll at Investors United for the upcoming course, “Mortgage Note Investing and the Financial Calculator“. more…

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Ian Parrish Episode of “Man vs. Wild!”

Hi Ian, after all your education and experience and knowing what you know now, if I dropped you off in Anytown, USA and you were equipped with only your knowledge real estate what would you do to get your real estate started in that town? Hugh Hill

Thanks for your question, Mr. Hill. It reminds me of one of my favorite television programs, “Man vs. Wild.” Every episode, Bear Grylls (survivalist, mountaineer) is dropped out of a helicopter to find his way back to civilization while surviving with just a flint and a water bottle or sometimes less. Using his skills and training, Bear makes the impossible look easy and even fun – just like real estate investing is for me.

So, “what is the safest and fastest way to generate real estate income?” Will what have I learned in my lifetime growing up in the business that will empower me not only to survive, but to thrive in anywhere, anytime? Well here we are at 6,000 ft. Goggles? Check. Chute? Check? Contracts? Check. 1-2-3 JUMP…

more…

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How To Wholesale Two Probate Properties and Make $50,000 In A Day

In the video below, Investors United Alumnus John Irvin describes step-by-step how he controlled, marketed, and sold (assigned) not one, but TWO probate properties for over $50,000 cash profits in a single day. What’s better, he did so with only a few hundred dollars out of pocket for advertising, and a Sunday afternoon spent cleaning the properties up and mowing the grass.

more…

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Tips for “Control & Roll” Profits?

I have an option to purchase a property and an interested buyer. How can I get to closing, get the owner her money, and collect my assignment or finder’s fee without making a mess? (Wydell C., MD)

One of the fastest ways to create real estate profit quickly, without money, credit, or risk is The “Control and Roll” Wholesaling Method. Used by students at Investors United, the method involves controlling real estate with a contract and then selling the contract for a profit before closing. Improperly conducting a Control and Roll transaction can result more…

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