What do you know about real estate investing? Do you think that this is something that you should approach on a casual basis or something that you should treat as a career? Or are you confused about real estate investing and just want to stay put, living from paycheck to paycheck?
If you are like most people, the answer is the third option. You find real estate confusing and although you are not content to 'just get by' on the job that you currently have, you do not have the knowledge or the guts to give real estate investing a try. You will most likely regret this in years to come. Right now is the best time for real estate investing. If you ever thought about buying a property, now is the time to do it.
Foreclosures are at an all time high throughout the country. Mortgage rates, however, are at an all time low. This combination makes it possible for just about anyone to afford to buy into real estate. You just have to know how.
If you are afraid of real estate investing but want to take that step ahead, be sure to treat your real estate investing career as a career and not just a hobby. Take it seriously and pursue it like you would pursue a career. This entails learning everything that you can possibly learn about real estate investing.
The first thing that you need to do is get some real estate investing training from those who have gone before you. Get tutored with real estate investing from professional investors. If you do not know anything about real estate investing, take a deep breath and relax. Find a course where you can study at home, in your spare time, and learn everything that there is to know before you embark on your first real estate investment.
By learning as much as you can before you start your real estate investing business, you will be ahead of those who want to treat real estate investing as a hobby and not as a career. If you dislike living from paycheck to paycheck and want a way out into the lucrative world of real estate investing, you have to take it seriously.
Getting a course that will give you all of the information that you need is better than just learning bits and parts about real estate investing and is much better than learning as you go. When you learn as you go, you are pretty much guaranteed to lose a lot of money in bad investments.
Taking your real estate investing business as a serious step towards a career with a future is the first step in finding financial independence that a successful real estate investing career can bring. Choosing the right real estate investing course is crucial to how you will conduct your real estate business. Just as you would not want to go into any career knowing only a little bit about the subject matter, nor would you want to embark on a real estate investing career without knowing a lot more about real estate and investing.
You can do it! The less you know, the better off you are. If you simply take a course one step at a time and follow the instructions, you will be able to build a successful real estate investment
empire.
Wednesday, July 22, 2009
Tuesday, July 7, 2009
What Do You Know About Real Estate Investing?
What do you know about real estate investing? Do you think that this is something that you should approach on a casual basis or something that you should treat as a career? Or are you confused about real estate investing and just want to stay put, living from paycheck to paycheck?
If you are like most people, the answer is the third option. You find real estate confusing and although you are not content to 'just get by' on the job that you currently have, you do not have the knowledge or the guts to give real estate investing a try. You will most likely regret this in years to come. Right now is the best time for real estate investing. If you ever thought about buying a property
, now is the time to do it.
Foreclosures are at an all time high throughout the country. Mortgage rates, however, are at an all time low. This combination makes it possible for just about anyone to afford to buy into real estate. You just have to know how.
If you are afraid of real estate investing but want to take that step ahead, be sure to treat your real estate investing career as a career and not just a hobby. Take it seriously and pursue it like you would pursue a career. This entails learning everything that you can possibly learn about real estate investing.
The first thing that you need to do is get some real estate investing training from those who have gone before you. Get tutored with real estate investing from professional investors. If you do not know anything about real estate investing, take a deep breath and relax. Find a course where you can study at home, in your spare time, and learn everything that there is to know before you embark on your first real estate investment.
By learning as much as you can before you start your real estate investing business, you will be ahead of those who want to treat real estate investing as a hobby and not as a career. If you dislike living from paycheck to paycheck and want a way out into the lucrative world of real estate investing, you have to take it seriously.
Getting a course that will give you all of the information that you need is better than just learning bits and parts about real estate investing and is much better than learning as you go. When you learn as you go, you are pretty much guaranteed to lose a lot of money in bad investments.
Taking your real estate investing business as a serious step towards a career with a future is the first step in finding financial independence that a successful real estate investing career can bring. Choosing the right real estate investing course is crucial to how you will conduct your real estate business. Just as you would not want to go into any career knowing only a little bit about the subject matter, nor would you want to embark on a real estate investing career without knowing a lot more about real estate and investing.
You can do it! The less you know, the better off you are. If you simply take a course one step at a time and follow the instructions, you will be able to build a successful real estate investment empire.
If you are like most people, the answer is the third option. You find real estate confusing and although you are not content to 'just get by' on the job that you currently have, you do not have the knowledge or the guts to give real estate investing a try. You will most likely regret this in years to come. Right now is the best time for real estate investing. If you ever thought about buying a property
, now is the time to do it.
Foreclosures are at an all time high throughout the country. Mortgage rates, however, are at an all time low. This combination makes it possible for just about anyone to afford to buy into real estate. You just have to know how.
If you are afraid of real estate investing but want to take that step ahead, be sure to treat your real estate investing career as a career and not just a hobby. Take it seriously and pursue it like you would pursue a career. This entails learning everything that you can possibly learn about real estate investing.
The first thing that you need to do is get some real estate investing training from those who have gone before you. Get tutored with real estate investing from professional investors. If you do not know anything about real estate investing, take a deep breath and relax. Find a course where you can study at home, in your spare time, and learn everything that there is to know before you embark on your first real estate investment.
By learning as much as you can before you start your real estate investing business, you will be ahead of those who want to treat real estate investing as a hobby and not as a career. If you dislike living from paycheck to paycheck and want a way out into the lucrative world of real estate investing, you have to take it seriously.
Getting a course that will give you all of the information that you need is better than just learning bits and parts about real estate investing and is much better than learning as you go. When you learn as you go, you are pretty much guaranteed to lose a lot of money in bad investments.
Taking your real estate investing business as a serious step towards a career with a future is the first step in finding financial independence that a successful real estate investing career can bring. Choosing the right real estate investing course is crucial to how you will conduct your real estate business. Just as you would not want to go into any career knowing only a little bit about the subject matter, nor would you want to embark on a real estate investing career without knowing a lot more about real estate and investing.
You can do it! The less you know, the better off you are. If you simply take a course one step at a time and follow the instructions, you will be able to build a successful real estate investment empire.
Monday, July 6, 2009
The 4 Stages of Finding Foreclosure Properties
Every time you turn around, the word "foreclosure" is all over the news! So, if you're a homebuyer looking to buy a foreclosure property or an investor wanting to learn how to invest in foreclosure property, then you're timing couldn't be better!
There is a lot out there on foreclosures; from how to stop your own foreclosure to how to "get the deed". You could probably go to a different foreclosure seminar every other night for a month to learn the tips, tricks and tactics.
But... none of that matters unless you know how to FIND FORECLOSURES. It doesn't matter how you negotiate with homeowners, what you say to the banks, or what paperwork you need to have if you don't find the foreclosures first.
We define 4 marketing stages during which you can find foreclosures: "pre" pre-foreclosure, pre-foreclosure, foreclosure auction, bank owned real property (after the foreclosure)
1. "pre" pre-foreclosure: This is the one that most people are confused about! This is NOT the same as "pre-foreclosure". This is BEFORE the foreclosure ever even begins. It's the time during which the homeowner realized he/she is going to be late on payments - or is even a couple of months behind - and the point at which the bank starts the formal foreclosure process. Properties you can find at this stage are "gold" because the homeowners aren't yet being bombarded by foreclosure investors. Finding pre-foreclosure sellers here takes a little more creativity and ingenuity. This is where marketing and advertising play a huge role as well as networking.
2. Pre-foreclosure: This is the "hotspot" for investors. This is when people are getting hundreds of letters and postcards from hungry foreclosure investors. This stage can last several weeks to several months or even longer. The key to finding foreclosure properties at this stage is consistency and persistence. There are a number of strategies that you can use at this time ranging from door knocking to a sequential foreclosure mailing and anything in between.
3. Foreclosure: We define this stage as the "auction"; the actual sale at the courthouse. This is not recommended for home buyers simply looking for a great deal on a foreclosure property nor do we recommend it for an investor unless you are quite advanced and have a good team working with you because there are a lot of considerations that could wind up costing you money if you're not careful.
4. Real Estate Owned (Bank Owned) Foreclosures: Foreclosure properties reach this stage when nobody purchases the home during the first 3 phases and the bank takes it back. There are lots of good deals to be had once the bank takes back the foreclosed property. You will need a good Realtor that knows how to handle the banks to help you here, but you can find foreclosure deals well below market value here.
Each of these 4 stages of provides great opportunities for finding foreclosures
. Depending on where they are in the foreclosure process will determine how you will locate the sellers, how you will market to them, and how you negotiate the deal.
There is a lot out there on foreclosures; from how to stop your own foreclosure to how to "get the deed". You could probably go to a different foreclosure seminar every other night for a month to learn the tips, tricks and tactics.
But... none of that matters unless you know how to FIND FORECLOSURES. It doesn't matter how you negotiate with homeowners, what you say to the banks, or what paperwork you need to have if you don't find the foreclosures first.
We define 4 marketing stages during which you can find foreclosures: "pre" pre-foreclosure, pre-foreclosure, foreclosure auction, bank owned real property (after the foreclosure)
1. "pre" pre-foreclosure: This is the one that most people are confused about! This is NOT the same as "pre-foreclosure". This is BEFORE the foreclosure ever even begins. It's the time during which the homeowner realized he/she is going to be late on payments - or is even a couple of months behind - and the point at which the bank starts the formal foreclosure process. Properties you can find at this stage are "gold" because the homeowners aren't yet being bombarded by foreclosure investors. Finding pre-foreclosure sellers here takes a little more creativity and ingenuity. This is where marketing and advertising play a huge role as well as networking.
2. Pre-foreclosure: This is the "hotspot" for investors. This is when people are getting hundreds of letters and postcards from hungry foreclosure investors. This stage can last several weeks to several months or even longer. The key to finding foreclosure properties at this stage is consistency and persistence. There are a number of strategies that you can use at this time ranging from door knocking to a sequential foreclosure mailing and anything in between.
3. Foreclosure: We define this stage as the "auction"; the actual sale at the courthouse. This is not recommended for home buyers simply looking for a great deal on a foreclosure property nor do we recommend it for an investor unless you are quite advanced and have a good team working with you because there are a lot of considerations that could wind up costing you money if you're not careful.
4. Real Estate Owned (Bank Owned) Foreclosures: Foreclosure properties reach this stage when nobody purchases the home during the first 3 phases and the bank takes it back. There are lots of good deals to be had once the bank takes back the foreclosed property. You will need a good Realtor that knows how to handle the banks to help you here, but you can find foreclosure deals well below market value here.
Each of these 4 stages of provides great opportunities for finding foreclosures
. Depending on where they are in the foreclosure process will determine how you will locate the sellers, how you will market to them, and how you negotiate the deal.
Tuesday, June 30, 2009
10 Things You Need To Know About Buying Foreclosures
When it comes to buying foreclosures, every investor needs to be aware of certain aspects that can either make or break their bargain. The appeal of a foreclosed property is often found in the hidden potential that a home is thought to possess, but the fact that it can be purchased at a price that is often far less than the current market value is an equally attractive incentive to most buyers. While foreclosed properties can and often do produce a profitable return for investors, it’s important to keep the following in mind when perusing properties:
- Not every foreclosure is open to inspection. This means that you may or may not be able to view or evaluate the property, and could be required to make a decision based on nothing more than a visual and any information provided in the foreclosure listing.
- If a foreclosed property is open to inspection, it will be up to potential buyers to hire an inspector for the purpose of evaluating any necessary repairs or improvements. This will aid investors in the decision as to how much money they wish to pay for a property by giving them an indication of the work and cash needed to restore it.
- If you plan on buying foreclosures while they are still inhabited, either by the previous owners or renters, you will be responsible for removing them. In some cases, eviction may even be necessary.
- Buying foreclosures means purchasing a property ‘as is’ with no guarantee as to its condition.
- Investors who plan on buying foreclosures from HUD are permitted to enter the bidding process if no person(s) wish to bid as an owner-occupant. The initial phase of a HUD foreclosure auction is open only to those who wish to live in the home.
- Each state handles the process of buying foreclosures differently, but nearly every one offers a redemption period that would allow the former owner to regain control of the property by catching up on payments and interest. Buying foreclosures means that you need to be aware of local laws and how they may affect the ownership of a property.
- If you require financing, it’s important to check with a lender to arrange for a mortgage before placing a bid on a foreclosure. In at least one respect, buying foreclosures is similar to the purchase of other real estate in that the failure to complete the transaction may result in the loss of any earnest money provided.
- Prior to buying foreclosures, or any other type of real estate investment, do your homework. Homes built before 1978 may contain lead paint, which is why it’s important to learn as much as possible about the home’s age and condition, along with other potentially concerning aspects of real estate before signing on the dotted line.
- Successfully buying foreclosures as an investor means knowing the current market value for comparable properties in the area. If you plan to restore the home, you will need to figure in the cost of repairs and calculate a reasonable selling price in order to determine a feasible profit.
- Investors considering buying foreclosures can find local listings through realtors, lenders, the U.S. Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and various other public auctions.
The information contained in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal, financial and/or investment advice regarding buying foreclosures. For additional information, consult an attorney who specializes in real estate and/or financial matters.
- Not every foreclosure is open to inspection. This means that you may or may not be able to view or evaluate the property, and could be required to make a decision based on nothing more than a visual and any information provided in the foreclosure listing.
- If a foreclosed property is open to inspection, it will be up to potential buyers to hire an inspector for the purpose of evaluating any necessary repairs or improvements. This will aid investors in the decision as to how much money they wish to pay for a property by giving them an indication of the work and cash needed to restore it.
- If you plan on buying foreclosures while they are still inhabited, either by the previous owners or renters, you will be responsible for removing them. In some cases, eviction may even be necessary.
- Buying foreclosures means purchasing a property ‘as is’ with no guarantee as to its condition.
- Investors who plan on buying foreclosures from HUD are permitted to enter the bidding process if no person(s) wish to bid as an owner-occupant. The initial phase of a HUD foreclosure auction is open only to those who wish to live in the home.
- Each state handles the process of buying foreclosures differently, but nearly every one offers a redemption period that would allow the former owner to regain control of the property by catching up on payments and interest. Buying foreclosures means that you need to be aware of local laws and how they may affect the ownership of a property.
- If you require financing, it’s important to check with a lender to arrange for a mortgage before placing a bid on a foreclosure. In at least one respect, buying foreclosures is similar to the purchase of other real estate in that the failure to complete the transaction may result in the loss of any earnest money provided.
- Prior to buying foreclosures, or any other type of real estate investment, do your homework. Homes built before 1978 may contain lead paint, which is why it’s important to learn as much as possible about the home’s age and condition, along with other potentially concerning aspects of real estate before signing on the dotted line.
- Successfully buying foreclosures as an investor means knowing the current market value for comparable properties in the area. If you plan to restore the home, you will need to figure in the cost of repairs and calculate a reasonable selling price in order to determine a feasible profit.
- Investors considering buying foreclosures can find local listings through realtors, lenders, the U.S. Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and various other public auctions.
The information contained in this article is designed to be used for reference purposes only. It should not be used as, in place of or in conjunction with professional legal, financial and/or investment advice regarding buying foreclosures. For additional information, consult an attorney who specializes in real estate and/or financial matters.
What Every Real Estate Investor Needs To Know
If you are thinking of getting into the real estate investment market, you need to learn as much a you can about the different types of investments that are available today. You should also have a good overview of the market, both as a whole and in the area in which you wish to invest. This is not an area where you want to go in unprepared.
The real estate market today is in a more unique position than ever before. The mortgage rates are lower than ever but so are the house prices. There are many more homes on the market than there are buyers for the homes. While it has been a buyer's market many times before, this is the first time that there has been so many foreclosures and the first time that we have seen such a market with low interest rates.
A savvy real estate investor needs to understand how the real estate market works before going in to the real estate investment game. This is not something that you should just do because you think you know what you are doing. The real estate market is like the stock market - those who understand the market and how it works are those who make money. Those who just go into the market without any sort of knowledge are destined to lose money.
The first thing you should do after you have decided to enter the real estate market is to take a course in real estate investing that is taught by someone who has actually made money in the market. So many teachers out there have never invested in real estate in their lives. While something may look good on paper, it is a far different story when you actually are performing the task. This is why it is helpful to learn about real estate investing from someone who has the knowledge and is willing to share it.
There is plenty of opportunity out there for everyone who wants to invest in real estate today. Because of the influx of foreclosures, you can purchase a foreclosed property or one that is in the process of foreclosure. In some cases, you can save as much as 50 percent off of the price of the house. If you learn how to invest using short sale techniques, you can actually create your own equity in the real estate property.
Real estate is a viable investment market, even in the down market that we are experiencing today. You just have to understand how the market works, when to buy, when to sell and when to hold on to your property. This is something that you can learn from a real estate course.
Another aspect of real estate investing that many people do not think about is financing. If you think that you have to have a lot of money to invest in real estate, you are wrong. You can invest in many properties today with no money down. You just have to learn where these opportunities are.
Before you begin your career as a real estate investor, or even before you buy a home of your own, invest in a real estate course. This will teach you everything you need to know about the real estate market so that you can make wise choices when it comes to investing.
The real estate market today is in a more unique position than ever before. The mortgage rates are lower than ever but so are the house prices. There are many more homes on the market than there are buyers for the homes. While it has been a buyer's market many times before, this is the first time that there has been so many foreclosures and the first time that we have seen such a market with low interest rates.
A savvy real estate investor needs to understand how the real estate market works before going in to the real estate investment game. This is not something that you should just do because you think you know what you are doing. The real estate market is like the stock market - those who understand the market and how it works are those who make money. Those who just go into the market without any sort of knowledge are destined to lose money.
The first thing you should do after you have decided to enter the real estate market is to take a course in real estate investing that is taught by someone who has actually made money in the market. So many teachers out there have never invested in real estate in their lives. While something may look good on paper, it is a far different story when you actually are performing the task. This is why it is helpful to learn about real estate investing from someone who has the knowledge and is willing to share it.
There is plenty of opportunity out there for everyone who wants to invest in real estate today. Because of the influx of foreclosures, you can purchase a foreclosed property or one that is in the process of foreclosure. In some cases, you can save as much as 50 percent off of the price of the house. If you learn how to invest using short sale techniques, you can actually create your own equity in the real estate property.
Real estate is a viable investment market, even in the down market that we are experiencing today. You just have to understand how the market works, when to buy, when to sell and when to hold on to your property. This is something that you can learn from a real estate course.
Another aspect of real estate investing that many people do not think about is financing. If you think that you have to have a lot of money to invest in real estate, you are wrong. You can invest in many properties today with no money down. You just have to learn where these opportunities are.
Before you begin your career as a real estate investor, or even before you buy a home of your own, invest in a real estate course. This will teach you everything you need to know about the real estate market so that you can make wise choices when it comes to investing.
Wednesday, June 24, 2009
Free Credit Report
Most people are familiar with the term credit report but not everyone has a clear picture of exactly what a credit report it is. Your credit report can be viewed as a report card of your financial and credit activities. You are “graded” on your payment timeliness and credit activity. The fewer late payments you have made and the fewer delinquent accounts you have, the better your grade will be. Your credit score is basically a cumulative grade of your credit report. It is important to know what is on your credit report to ensure that your credit activity is being reported correctly.
But unlike a regular report card, you will not receive a copy of your credit report unless you request one. There is more than one way to go about when requesting a copy of your credit report. For a fee, you can receive a copy directly from one of the major credit bureaus. Or you can obtain a free copy from one of the many companies available on the Internet. There are many reputable companies that will provide you with a copy of your credit report completely free of charge.
Some people may be a little skeptical about requesting a copy of their free credit report and may wonder if it is as good as a copy that you would pay for. But rest assured that a free credit report contains the exact same information that you would receive if you had paid for a copy directly from the credit bureaus.
You may be wondering why would companies provide you with a free copy of your credit report and is there a catch? Most companies that will grant you a free copy of your credit report require that you sign up for a credit monitoring service of some sort. But as long as you cancel the service before the free trial period ends, then you never pay a penny and still get to keep your free credit report. However, there are some really good credit services out there if you choose to keep the service. Many people have greatly improved their credit situation with these types of services. So make sure that you know all of the benefits before canceling a credit service that may accompany your free credit report.
You may be wondering why would companies provide you with a free copy of your credit report and is there a catch? Most companies that will grant you a free copy of your credit report require that you sign up for a credit monitoring service of some sort. But as long as you cancel the service before the free trial period ends, then you never pay a penny and still get to keep your free credit report. However, there are some really good credit services out there if you choose to keep the service. Many people have greatly improved their credit situation with these types of services. So make sure that you know all of the benefits before canceling a credit service that may accompany your free credit report.
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