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.
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