You’ve found a great real estate investment to purchase, signed on with the homeowners and gotten all of your information in order. All that’s needed is to approach the bank with a short sale offer and close the deal right? Maybe not.
There is an art to negotiation in the real estate ... Views: 1098
Many real estate investors will think about becoming a landlord, with your own rental property, from time to time. It seems like an easy way to bring in a regular monthly income on a long-term basis. Plus, you don’t have to spend a lot of time each week looking for new properties to invest in. ... Views: 665
Want the easiest way to bring in lease tenants when leasing a property? Put an ad in the paper! Getting a lease tenant is just the same as getting a rental property tenant. You can place an ad in the papers saying property for lease and giving your phone number.
A lot of real estate investors ... Views: 633
You’ve had your open house for that available lease rental property and you’ve gotten 3 or 4 good applications from people interested in leasing that property. Now, how do you choose the right tenant for your property?
Know What Kind of Tenants You are Attracting
One thing to understand with ... Views: 617
We love the ugly and awful.
~Andy Heller
There are all kinds in real estate investment. All kinds of real estate investors, all kinds of deals and all kinds of property to make a deal on. You’ll definitely find that having all kinds in this business makes for a great amount of variety and ... Views: 709
A lot of people are interested in real estate investment, but they also live out west in very expensive areas. These are places where the average family style ranch may cost up to half a million dollars and the cost of living is very high. The tendency for these potential real estate investors ... Views: 647
Property investment is a numbers business. As a real estate investor you’ll need to pay close attention to your numbers when purchasing a property in order to make money. Every investor develops their own basic plan for purchasing property to make a profit.
Those just starting out can get ... Views: 733
As a successful real estate investor, you need to first set yourself up with good deals, and then secure financing for your deals, and finally you also have to have a solid exit strategy for those properties you ultimately purchase and plan to re-sell. One of the best exit strategies, and one ... Views: 606
When you speak with seasoned real estate investors you often find that a large percentage of them do not ever invest in raw land. Typically newer real estate investors purchase single family homes to flip, rent out, or sell wholesale to a rehabber. Those investors who have been in the business ... Views: 1166
Many real estate investors choose to purchase properties which are in need of some repair. Some take on the repairs themselves, while others sell the home with a discount to someone else who will happily deal with the repairs themselves. Whichever option you choose, it is imperative to know ... Views: 697
Buying a property, holding onto it, and then selling it at a later date for profit generally puts you, the real estate investor, in the undesirable seat of being a landlord. However, if you want to buy and hold properties, without ever having to deal with tenant or home maintenance and repair ... Views: 627
The first reaction to most people when you tell them that you are a real estate investor is to look at you with a bit of suspicion and wonder. They wonder if “real estate investor” really means “freelancer” or “doesn’t really have a job.” Then, once they realize that you really do have a ... Views: 730
If you are new to real estate investment, you might be finding all of the information that you need to know a bit confusing. However, by following these five simple steps, over and over again, you can put yourself in the best position to complete as many transactions as possible and realize ... Views: 836
Do you know that you can actually purchase mortgages as an investment? If you do know this, then do you also know that you can do it with other people’s money? You can do both, and it isn’t as complicated as you might think it would be.
Seller Carry-Back Mortgages
The first step in ... Views: 1031
Anyone who invests in real estate needs money to do so. Most private individuals go to a bank or lender and take out a mortgage when they want to buy property. However, when you are in the business of real estate investment, finding sources of capital to use for your deals can sometimes become ... Views: 908
While we, as real estate investors, generally think of purchasing developed land for investment, there is an entire other sector of the business which is worth exploration – raw land. Are you aware of the fact that approximately 85% of the land in the United States is still in its raw and ... Views: 704
People in the real estate business often refer to the 4 T’s of property management. These 4 T’s are, in no particular order: tenants, terminates, toilets, and trash. When you think about purchasing property to buy and hold for investment, your mind invariably shifts to the thought of becoming ... Views: 1004
One of the first things people looking to start investing in real estate generally ask about is how to find investors, or how to generate the capital to do their deals. While a traditional bank or mortgage lender can be of some help, most real estate investment companies today use other options ... Views: 619
Have you been thinking about starting a real estate investing business? The good news is that it is a very lucrative business to be in and isn’t really that hard to start in the business as long as you take the time to learn as much as you can, write a solid business plan, and set some goals ... Views: 917
One of the main stumbling blocks for many new real estate investors is under-estimating the costs of repairs and updating that a property might need prior to reselling it or even renting it out. When you are walking through and inspecting a property with an eye towards what improvements and ... Views: 665
Many new real estate investors often consider buying homes and land for investment; however, few consider the much more lucrative area of apartment building ownership. One of the main reasons for this is because newbies to the real estate investing business just simply do not know just how they ... Views: 883
You’ve probably heard a lot of people saying that the real estate market is a great way to make money and a great way to increase your returns. Well, they are right.
There are lots of opportunities in real estate for making profits, everything from flipping homes to buying defaulted ... Views: 649
You’ve been buying mortgage notes for a little while and are comfortable with the practice. However, you’ve noticed that there are a lot of pre-foreclosure homes out there with mortgages on them too. This is a large section of the mortgage note industry that remains untapped, but ... Views: 841
The homeowner can end up in trouble even when you work with them to purchase that foreclosure property. There are many steps to the arrangement of a real estate investment deal, so it’s easy to forget a few little details, such as the deficiency judgment!
Lots of times in a short sale, ... Views: 781
When you are negotiating a short sale or note purchase through the bank on a defaulted property it’s easy to overlook the possibility of a mortgage judgment being filed against the homeowner after the sale. It can be common practice for a bank to file a judgment against homeowners fro the ... Views: 1213
Many new real estate investors can run into problems when they attempt a ‘simultaneous close’ on a property they are interested in. The simultaneous close basically involves you purchasing a property with an investor’s money and immediately selling that property to the ... Views: 740
Many new real estate investors can run into problems when they attempt a ‘simultaneous close’ on a property they are interested in. The simultaneous close basically involves you purchasing a property with an investor’s money and immediately selling that property to the ... Views: 3263
There are many ways to close a deal in real estate investing. As a foreclosure investor you’ve probably heard of the famed, simultaneous closing, when purchasing a property from the homeowner. It’s a great way to make a profit on your time and effort without using your own money to ... Views: 688
In the old days it used to take a lot of time to find and contact all of the default mortgages out there. Now, it is way easier these days to find the names of homeowners in pre-foreclosure than it used to be and as a result contacting them is easier too.
Looking for the Foreclosures
In the ... Views: 1665
Networking is an important skill in any business if the goal is a profitable business. The same holds true for real estate investing, at least on behalf of those who are serious about pursuing real estate investing as a business rather than a part time hobby. Either way, in all honesty, the ... Views: 638
As the price of property drops in most of the U.S. and homes are foreclosed on at record numbers, this is a prime time to invest in some real estate to rent out. After the market has recovered down the road, then you can likely sell the property for a profit. However, as you know, renting out ... Views: 701
Just as with selling any other product in the world, real estate is bought and sold at “wholesale” prices each and every day. Real estate wholesale buying generally happens between two real estate investors. One investor finds the property and then sells it to another investor who ... Views: 925