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Articles by Bryan Benson

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124 articles by Bryan Benson · showing 24

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By SelfGrowth ContributorDec 12, 20071 topic

Auctions

Many have asked questions about auctions. Frankly, an auction should only be considered as a last resort, or your last exit available. First thing you would do is try to market it through a traditional channels depending on how much time you have and if I agreed to make big monthly payments in the process. Many contract have been signed well after the auction failed. With some properties, we literally could not get a bidder to bid even though we had several people there that

Primary topic: Investing

732 views

By Bryan BensonDec 11, 20071 topic

There IS No Bubble To Burst In Real Estate

Rising real estate values and falling interest rates get a lot of people in a panic. At the same time, it seems like the trend in rising real estate costs is ending, and many are concerned. In fact, in today’s real estate market, the turn of the tides can be described as a buyer’s market, one of the best in years, and that has some running scared, with the media pushing the idea that the “real estate bubble” is about to burst. Because most real estate

Primary topic: Investing

673 views

By Bryan BensonDec 11, 20071 topic

Three Ways To Get Better Real Estate Deals (And Work Less For Them!)

Have you pursued training as a real estate investor, or are you just assuming that you can make the right decisions and profit in the industry? Most likely, if you are like the majority of so-called real estate investors, you haven’t had proper training and have simply applied a sum of money to the retaining of real estate property. While you are putting yourself and your assets at risk without being trained in real estate investment, there are at least some tips to con

Primary topic: Investing

611 views

By Bryan BensonDec 7, 20071 topic

Money Or Credit - How To Cater To More Of The Buying Marketplace

If you look at the statistics today for the American population, you’ll find out quickly that it can be unrealistically difficult for the average person to obtain a traditional mortgage loan. In order to qualify through most sources, a buyer has to have a high credit rating (which includes a low debt-to-income ratio) and 10-20% of the purchase price of the home available for a down payment. Incredibly, only about 35% of the population can achieve both.nnAs a real estate

Primary topic: Mortgage and Home Financing

Mortgage and Home Financing

723 views

By Bryan BensonDec 7, 20071 topic

Making Use Of A Bad Real Estate Market To Build Fortunes

If you have received the proper training as a real estate investor, you realize there is no such thing as a “bad” real estate market. The real estate market fluctuates cyclically, driven mostly by the laws of supply and demand. As you probably learned in grammar school, supply and demand drive prices and opportunity based on availability and desire, and this is true in most areas of business. Therefore, in the real estate market, when there is a greater supply of

Primary topic: Wealth - Creating Wealth and Building Wealth

Wealth - Creating Wealth and Building Wealth

634 views

By Bryan BensonDec 7, 20071 topic

Existing Insurance Policies And New Purchases

To try to work around insurance issues involved with purchasing property, some choose the route of applying for an LLC. This is done because some don’t feel comfortable getting an insurance policy in their personal name and then having that sent to the mortgage company. Applying for an LLC, however, can be a time consuming challenge in itself. In any event, insurance would need to get established with a new insurance company. You can send the policy with the LLC's name

Primary topic: Business Start-up

Business Start-up

705 views

By Bryan BensonDec 6, 20071 topic

How Does The Media Affect The Real Estate Market?

A trained eye knows how to read the real estate market without listening to talking heads that provide general news. Media often hypes any story to sensational levels in order to gain attention, building ratings for whatever network running the program. That means that, whether talking about a good or bad housing market, the story is most likely going to get blown out of proportion. How does this affect the general public?nnFor those who have not had the proper training, list

Primary topic: Investing

960 views

By Bryan BensonDec 6, 20071 topic

How Can You Identify ASeller's Market?

Do you remember in your social studies classes – government and economics – when you studied the laws of supply and demand? Perhaps you looked into the subject more deeply in college with a marketing, advertising, or finance course. Unfortunately, this is one subject you will have application for throughout your life, especially in terms of real estate investment. The entire market is simply one big cycle that is driven by supply and demand, and when demand for re

Primary topic: Business Start-up

Business Start-up

706 views

By Bryan BensonDec 6, 20071 topic

How Can You Identify A Buyer's Market?

Part of being successful in real estate involves reading the market and knowing the difference between a buyer’s market and a seller’s market. In order to drive a profit, you have to understand how to play your cards, and to be able to win the hand, you have to identify exactly what you are being dealt. Is the market on a downturn or an upswing? Depending on the answer, you’ll want to put your chips in different stacks.nnThe laws of supply and demand drive a

Primary topic: Mortgage and Home Financing

Mortgage and Home Financing

1,072 views

By Bryan BensonDec 5, 20071 topic

Making Money Through Seller Financing

If you are serious about real estate investment, you should think twice about your requirements for purchasers or tenants. In most cases, if someone is ready to purchase a home without going through a traditional bank, it is because they don’t meet all of the requirements to qualify for a standard mortgage loan. That means you can’t expect your customers to come to you with golden credit and a huge down payment. Considerations must be made, and other ways of assum

Primary topic: Investing

904 views

By Bryan BensonDec 5, 20071 topic

Financing Your Real Estate Investment on Creative Terms

When investing in real estate, you’ll find there are many who are willing to put money into a property in hopes of earning revenue but few who are willing to get the proper training that will help them achieve success in real estate investment. Those that do take the time to learn the proper steps to investing in the real estate market know the best way to make money from it is to target the largest possible audience in hopes of finding a buyer for your property.nnMost

Primary topic: Investing

740 views

By Bryan BensonDec 5, 20071 topic

To Get Really Good, You Must First Be Really Bad - Part 2

WHACK EM!nn I keep telling everyone I can this is only a part time business with a full time income. If you crank up your buying machine and prescreen out the suspects quickly it only leaves you a handful of people to talk to and a few houses a month to visit for you to buy two or three deals every month which should put you in at least the mid six figure income bracket. nn Will you be an instant expert? NO! nn Give yourself a chance to get really good. It's not your fault yo

Primary topic: Investing

777 views

By Bryan BensonDec 4, 20071 topic

To Get Really Good, You Must First Be Really Bad

I never cease to be amazed by people who expect to get good at something overnight. I see new investors get into real estate all the time and somehow they get this illusion it’s some kind of fairy tale business where you can go from beginner to expert in a few short months. n nWhere does this idea come from? Why would anyone expect this business not to take the same toll to success as any other? n nReal estate, like all other businesses, has five steps to success. If an

Primary topic: Business Start-up

Business Start-up

640 views

By Bryan BensonDec 4, 20071 topic

Nine Ways To Improve Your Closing Ratio - Part 3

Step 7. The Day Before Closing nnCall the closing agent and get the exact amount the buyer will need to bring. Usually a cashier’s check is required and you don’t want this to be a last minute thing that was missed. Call your buyer with the amount and confirm they have the insurance needed to close. nnStep 8. Closing Day nnIf your closing is scheduled in the late afternoon, which is quite common to accommodate your buyer’s work schedule, this could be one of

Primary topic: Business Start-up

Business Start-up

630 views

By Bryan BensonDec 4, 20071 topic

Nine Ways To Improve Your Closing Ratio - Part 2

Step 2. Call The Loan Processor Within 3 Days To Make Sure The Appraisal Was Ordered nnThat’s right; you actually have to check to see if they did. Remember this...every day that goes by decreases your chances of closing. It’s your job to take care of the details. No one else cares whether you get paid or not. Let me tell you another tear-jerker about the guy who was ready to close on a $60,000 purchase from me. Closing day was set and everything was in order. And

Primary topic: Business Start-up

Business Start-up

686 views

By Bryan BensonDec 3, 20071 topic

Nine Ways To Improve Your Closing Ratio - Part 1

You’ve pre-qualified your prospects. They look good and you’ve made an appointment with your lender for the formal loan application. You’re feeling good about yourself now because, as far as you’re concerned, this house is sold...or is it? nnDon’t spend your money before you get it!nnWould you be shocked to learn that a full 25 to 40% of the buyers you put before a lender will not make it to the closing table? That’s right. Over one fourth

Primary topic: Entrepreneurs

786 views

By Bryan BensonDec 3, 20071 topic

Do You Have The Courage To Be Rich - Part 3

If you’re reading this and you haven’t done your first deal yet, you may be trying to justify why it doesn’t apply to you.n nSorry, that dog won’t hunt. It does apply to you if you want to get rich. Every successful real estate millionaire began with their first deal. You ain’t no different.nnIf you haven’t done number one yet, there’s only a handful of reasons why:nn1. You’re brand new! Ok, this excuse is only good for about a

Primary topic: Entrepreneurs

1,001 views

By Bryan BensonDec 3, 20071 topic

Do You Have The Courage To Be Rich - Part 2

Why Did It Have To TakenSo Damn Long?nnYou’re so lucky! What took me 20 years to figure out has been put in an aerosol can so you can simply spray on success almost over night. With the easy to follow and simple plan I’ve created over the years, you get to bypass those 20 years, and make it happen in one.nnThat assumes of course, you possess a few key ingredients:nn1. You want to! If you don’t, I can’t help you.n2. You’ll follow the simple steps

Primary topic: Entrepreneurs

748 views

By Bryan BensonNov 30, 20071 topic

Do You Have The Courage To Be Rich?

I’m constantly amazed at how the majority of the human race in a great country like America would rather spend their entire life being mediocre, swapping hours for dollars, taking little risk, playing not to lose…then going for the gusto and getting everything possible out of the short time we have on this earth.n nAs I write this, shortly after my 60th birthday, at 10 A.M. in the morning after making several multi-million dollar decisions already today, I ask mys

Primary topic: Entrepreneurs

676 views

By Bryan BensonNov 30, 20071 topic

Deadly Mistakes You Can Avoid - Part 5

7. Chasing dead-end leads. Chasing dead end leads is very similar to dealing with unmotivated sellers and can be a tremendous waste of time and energy. Unfortunately, many people never really learn how to avoid it. Well I can solve this problem very simply. Pre-qualify every prospect that comes your way. n nI've found if you spend as little as five minutes getting pre-qualifying information out of a prospect, you may avoid spending hours and hours gathering details about a pr

Primary topic: Business Start-up

Business Start-up

661 views

By Bryan BensonNov 30, 20071 topic

Deadly Mistakes You Can Avoid - Part 4

5. Lack of action. There's an old saying that goes "Even a turtle won't get anywhere until he sticks his neck out." Another old saying (that I made up) is "You're never going to get rich sitting on your behind and waiting for it to come to you." You have to make it happen. You have to get things started. You have to put the wheels in motion. And if they get stopped, guess who has to get them started again. You guessed right. n nMovement, action, activity, progress . . . they'

Primary topic: Business Start-up

Business Start-up

757 views

By Bryan BensonNov 28, 20071 topic

Deadly Mistakes You Can Avoid - Part 3

4. Listening to negative thinkers and "Dead Heads." Nothing kills the entrepreneurial spirit like negativity. With all the challenges you face in business, you need to keep a positive, upbeat, enthusiastic attitude about what you're doing. It's the only way you'll be able to perform at your best. Negative thinkers and "Dead Heads" will only suck the energy out of you and bring you down to their own miserable level (usually, these are people who have failed in their own lives

Primary topic: Business Start-up

Business Start-up

718 views

By Bryan BensonNov 28, 20071 topic

Deadly Mistakes You Can Avoid - Part 2

2. Getting into the rental business before your cash-flow needs are met. Boy, did I ever get tangled up in this one. When I first got started with real estate, I decided to buy all the rental property I could. I figured with a lot of tenants in a lot of houses, the cash would just fall into my lap every month, right? n Wrong. It was the biggest single mistake I made for a very simple reason - I just wasn't ready. Like yours truly, many beginning real estate investors get into

Primary topic: Business Start-up

Business Start-up

764 views

By Bryan BensonNov 28, 20071 topic

Deadly Mistakes You Can Avoid-Part 1

Over the last 23 years, I've known many investors and entrepreneurs. I've seen every possible scenario, from overnight success to plodding, sit-on-your-butt-and-do-nothing failure. I've known people who would get off to a great start, and then fade away, and some who would piddle around and never seem to get anywhere. I've known those who made a very successful living and even a few who became super wealthy. n Is there a magic formula for success? I wish I could tell you ther

Primary topic: Business Start-up

Business Start-up

753 views

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