“Do what you can, with what you have, where you are.” Theodore Roosevelt You’ve come a long way in the investment process and have hopefully learned many of the skills necessary to avoid costly mistakes. The real estate buying process may seem complicated because... In California, if you hear someone say they have a mortgage, they probably have a Trust Deed or Deed of Trust. A Deed of Trust is used in California in lieu of a mortgage when financing the purchase of real estate. Whereas a mortgage has only two parties, the... Although distressed sales (REO’s, Bank Owned, Foreclosures and Short Sales) can be sexy buys, many people still have a negative perception of them. It’s important to understand that not ALL distressed sales fall into the same category as the stereotypical... Now that you know short sales, let’s get you up to date on the other popular distressed sale, REO’s. What is an REO? REO stands for Real Estate Owned. This means it is real estate owned by a bank or lender. REO is essentially the last step in the foreclosure process.... It’s likely that during your real estate research, you came across the phrase “short sale” or “short pay”. What is a Short Sale?” A Short Sale or Short Pay is a type of real estate sale. It is not a foreclosure nor is it an REO. When a homeowner (borrower) is behind... Purchasing a fixer upper can be a great way to enter into a property with equity from day one. Fixer uppers are essentially other people’s problems that you’re dealing with, which comes with upside, but also with work and risk. What should home buyers be... 