Because of the recent housing decline and high foreclosure rates, there are great deals every where for investors to find. The trick is to be able to find the house that you can afford and then decide if you are renting it out or trying to flip it for a quick profit.
Sunday, February 28, 2010
Reuters - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac.
Sunday, February 28, 2010
Reuters - Two key Republicans are urging the House of Representatives to speed up a public hearing to investigate the administration's bailout of home funding giants Fannie Mae and Freddie Mac.
Thursday, February 11, 2010
When preparing for an open house, you need to contact buyers with whom you have a previous relationship and that are interesting in possibly buying a house. You will have more success trying to sell your house to someone who has previously done business with you. Even if you don't sell it to someone you have a previous relationship with, they may refer a friend or family member to you.
Tuesday, February 2, 2010
If a seller is working through a real estate agent, the process of transforming the seller into a motivated seller becomes a bit more difficult; however, it can be done using creativity and persistence. Real estate agents and brokers typically list houses and want to be paid a commission once the house sells. Getting a seller to deed you their house is hard when working through a real estate agent because of the following.
Wednesday, January 20, 2010
Many home owners mistakenly believe that their home equity earns a good rate of return and is a prudent investment, because they confuse appreciation of the house for rate of return on the equity. What many fail to realize is that the appreciation of their home is not linked to home equity. This costs them thousands of dollars and locks them into a poor investment.
Wednesday, January 20, 2010
Do you ever wonder why some people succumb to despair when conditions around them are not good - such as now - and why some people seem to climb that mountain of negativity - and make the those same conditions work for them! It is because some people can see opportunity, where other people can only see problems!
Tuesday, January 19, 2010
You've found a great property you'd like to invest in, the owner is motivated because he is in financial trouble, he's ready to deal. Sounds like the perfect situation for you, but what if the seller is stuck on a price that you know is too high for the market, because that is what he owes on the house?
Wednesday, January 13, 2010
Real Estate investors all have a budget they plan out when fixing up a house. The offer placed on the house was with that repair budget in mind. Most are pretty good at estimating the expected repairs. But their can be hidden costs.
Friday, January 8, 2010
You've found a highly motivated seller that wants to sell their house. Now you have to go out and inspect it to see how much repair is needed. Now unless you have a background is construction/repairs you won't have a clue of what repairs will cost. Or maybe you're new to real estate investing.
Tuesday, March 9, 2010
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