The Real Estate "Big But" Show on Biz Radio 1320

On our radio show, Real Estate Uncensored, on Biz Radio 1320 we discussed "Big Buts".  The things that keep people from moving forward.  We invited people to call in if they had a "big but".  Here is a list of some of the most common "buts". 

I want to get started investing in real estate, BUT I have no money. 

I want to buy and rehab houses, BUT hard money interest rates and fees seem way too high. 

I keep looking for houses to buy, BUT they are all priced too high. 

I have lots of equity in my house and I know having that equity in my house pays me no rate of return and I know that I could be taking advantage of all of these buying opportunities in the stock market and real estate market, BUT I haven’t found the right investment yet.

I wanted to be a flipper so I bought this house to fix it up and sell it, BUT I can’t get anyone to buy it. 

I keep putting offers in on houses, BUT none of them get accepted. 

I want to learn how to buy houses “subject-to”, BUT this seems really complicated and confusing. 

I keep driving by this house in my neighborhood that looks abandoned and would make a great rental property, BUT I don’t know where to start.

I know that real estate is a pivotal part of becoming financially independent, BUT I don’t want to be a landlord and fix toilets at 2AM. 

I’m self-employed so I don’t really show that much income on my tax returns, BUT I’d really can’t afford to put 20% down on a strip center I’m looking at. 

I have this investment deal that needs some minor repairs and I’m getting a conventional loan so I won’t get money at closing for the repairs, BUT I don’t have the money for the repairs. 

I’m buying my first house and I got 100% financing, BUT I can’t afford my closing costs. 

I want to refinance on my rental to get cash out, BUT I haven’t owned it for 6 months yet?

I want to refinance my house, BUT my bank said I can’t because it’s currently on MLS. 

I want to negotiate a “short-sale”, BUT I don’t know who to call first.

My bank wants me to pay them $500 as a non-refundable application fee for a new loan, BUT I don’t want to pay it. 

I keep hearing about investors getting interest rates in the 6% range on mulit-family deals, BUT I keep getting quoted 9 or 10%.

I hear about RICH and Lifestyles on the radio, BUT I’m not sure which one I should join. 

Comments

[Wheat Ridge Colorado houses]

We cannot really avoid "buts" in our lives. Because in every situation, there is always something that would contradict it from happening. It still is healthy to form a plan.

-Audrey

[Yowanna Pheelme]

I think Stephen Koffman has a nice but ;)