REI Education

3 Types of Real Estate Leads Worth Paying For In real estate investing, time truly is money. Nothing drains both faster than chasing leads that go nowhere. But avoiding paid leads altogether isn’t the answer—smart investors know the right leads more than pay for themselves. The key is to invest in quality: leads that are motivated, convertible, and ready to act. Here at Mac Does REI, we’ve learned through experience which leads consistently bring solid returns. Here are three lead types that are absolutely worth paying for in the Dallas-Fort Worth market. 1. Pre-Foreclosure Leads These are homeowners who have fallen behind on mortgage payments and are now facing foreclosure. Why They’re Worth It: Highly Motivated Sellers:  Faced with potential foreclosure, homeowners are eager for quick solutions. Open to Creative Financing:  They’re often willing to negotiate terms such as subject-to deals, wraps, or lease options. Lower Competition:  Speed is your advantage. Early actio...

Seller Financing: How It Works and Who It Helps With rising interest rates and tougher loan approvals, more buyers and sellers in Dallas-Fort Worth are turning to  seller financing  as a creative, flexible alternative to traditional mortgages. At Mac Does REI, we’ve helped countless homeowners and investors use seller financing to unlock deals that banks would never approve. Here’s how it works — and why it might be the right move for you. What Is Seller Financing? Seller financing (also called owner financing) is when the seller of a property acts as the  bank  and lets the buyer make monthly payments directly to them, instead of going through a traditional lender. Basic Setup: The seller and buyer agree on a purchase price, interest rate, and payment terms A promissory note and deed of trust are created The buyer takes possession while paying off the balance over time Who Benefits From Seller Financing? Homeowners: Sell faster, especially to buyers who don’t qualif...

Wraparound Mortgages 101: The Basics If you’ve been around real estate investing or are exploring creative ways to buy or sell a home, you might have heard about  wraparound mortgages  (or “wraps”). This strategy is especially popular in situations where traditional financing isn’t an option for buyers or when sellers want to maximize profits. Here’s a simple guide to how wraps work, their benefits, and what you need to watch out for. What is a Wraparound Mortgage? A wraparound mortgage is a form of seller financing. The seller keeps their original mortgage in place and “wraps” a new mortgage around it, selling the home to a buyer who makes payments directly to the seller. The seller uses a portion of these payments to pay their original lender and keeps the difference as profit. Example: The seller owes  $100,000  on a mortgage at  4% interest . The seller agrees to sell the home for  $200,000 . The buyer puts down  $20,000  and finances  $1...