Real Estate Investor Purchase or Refinance Rehab Loans by Louis Jeffries

Real Estate Investor Purchase Rehab Loan.
There are great opportunities for real estate investors in the market today. This is the best market for real estate investors in our lifetime. Unfortunately financing is not available as it has been in the past. There are options for funding purchase or refinance rehab projects for real estate investors. Whether you are investing in commercial multifamily housing or residential investment properties there are lenders to finance purchase or refinance investor rehab projects. Since no secondary market for this type of funding exist, your deals will fall into one of two categories. Your deal will either be non conforming investor rehab funding or hard money rehab funding.
Non Conforming Real Estate Investor Rehab Loan.
Conforming real estate investor rehab loans do not exist. Conforming means there is a secondary market that will purchase these loans on wall street. The secondary market would have established criteria that all projects would have to conform to. Since this market does not exist the first category of loans are considered non conforming. Any non conforming investor rehab loan funded in this must meet similar guidelines to conforming mortgages. Whether commercial or residential these loans would meet the guidelines as all other loans except they require major rehab and are investment properties. This means the borrower, real estate investor, would need good credit, verifiable income, an ability to repay the loan, acceptable down payment and reserves, and higher licensed bonded contractors to do the rehab. The advantage to the non conforming real estate investor rehab loans versus the hard money loans is that the rate and fees are substantially lower. The dis advantage is that there are many more qualification criteria and it takes longer to get the financing. But if you qualify and have the time it may be to your advantage to get a non conforming rehab loan versus a hard money real estate investor loan.
Hard Money Loans.
Though the rates are much higher and the fees will be from 4% to 10% hard money loans could actually be more profitable to real estate investors than non conforming investor rehab loans. First of all these loans generally fund in 2 to 3 weeks. Secondly, the qualifications are much less and therefore you can do more loans. You may only qualify for a hard money loan when you will not meet the criteria for a non conforming rehab loan. As such you have no option.
Qualifications to get Non Conforming and Hard Money Investor Loans.
Both programs require you to purchase property where the after rehab value is 65% or less. Both programs require you to have an acceptable exit strategy to pay off the lender. Non Conforming rehab financing programs will always require a down payment of at least 20% of the total purchase and rehab costs. Hard money rehab funding programs may or may not require the down payment. Both programs will make sure the contractor or investor has the experience and sometimes licensing to complete the project. So if you have the experience, property, exit strategy and assets you can make lots of money by purchasing and rehabbing investment property.

The Pros And Cons Of Becoming A Real Estate Agent by Bruce

Becoming a real estate agent has been a great career move for a lot of different people from all walks of life. You do not need to be salesmen to get the people to buy or sell a home you just need a variety of different skills. The real estate industry is a service based industry and being able to service your clients with the upmost professional is the number one key to your overall success.
There are a lot of real estate agents in the field today that chose their career because they feel it is a very lucrative field and they have the chance to be their very own boss. Still others join because they enjoy helping people. They have the ability to set their own hours and they can build their business in the way that they see them being the most successful. However you must be aware that becoming a real estate agent will take commitment and a huge investment of effort to guarantee your overall success. There are also a few other pros and cons that you should also be aware of when you are looking at becoming a real estate agent.

PROS

1. Control * When you become a real estate agent you are in control of your business because you are an independent contractor. This means you will be able to set your own hours and mold your business into what you want it to be.

2. Income Your income is not based on a certain salary amount and because of this you have a pretty positive chance of making some great money. However you need to be aware that the amount you will have the ability to make will depend on your skills and your work ethic. The more skills you have and the stronger the work ethic the more money you will make.

3. Outdoors * You will not always be confined to a desk as you will have the ability to move around. You will be able to spend a lot of your time outdoors as you are showing your clients prospective properties.

4. Future Business * If you take the time to provide great customer service you will be able to expand your business through referrals and world of mouth.

5. People * You will have the sense of satisfaction of knowing that you helped someone make one of the biggest financial decisions of their lifetime.

CONS

1. Independent * Due to the fact that you are an independent contractor you are on your own when it comes to learning the business

2. Income * There will be times where the money is nonexistent. This is especially true during times when the housing market is particularly slow.

3. Availability * You must be on call all the time so that you are available when your clients need you.

All of these pros and cons need to be considered carefully before you decide if a real estate career is right for you.

Day Trading and Home Values - How The Real Estate Markets Create Day Trading Opportunities by The Guerrilla Trader

Day Trading and Home Values - A Summary
It is widely believed that housing drives the national economy. Supporting this theory is the fact that the current economic collapse started with a collapse in home values.
And after the housing collapse, the stock market followed, taking down millions and millions of American's retirement and investment accounts with it.
Many people believe that the housing sector has reached a bottom, and is headed back up. Indeed, there is evidence to support this believe.
Las Vegas recently reported a record month for number of housing units sold. In some markets, prices are starting to creep back up.
Looking at the markets, it seems that investors believe that things are improving. The Dow recently broke through the 10,000 level again, the S&P is up over 200 points in the last four months.
Despite many companies announcing weak earnings for the third quarter, the market is still holding up relatively well, which is likely due to the believe that housing is recovering.
However, this optimism may be unfounded. One leading research firm, Fiserv, believes that the somewhat good news we've been seeing lately on housing is nothing but a "dead cat" bounce.
Fiserv predicts that the overall median home value in the United States will drop by another 11%+ by June of next year, before finally stabilizing, and perhaps a 3%+ increase the following year.
Find more Day Trading articles and resources, visit The Guerrilla Trader today!
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Driving the downward pressure on home values will be a deepening of the foreclosure crisis, which is no where near over.
In fact, the record home sales recorded earlier this year in Las Vegas was driven by investors picking up foreclosed properties for ridiculously low prices.
So what does this mean to Quite a bit, actually.
Right now, there are two forces at play. People want to be optimistic about the health of the housing market, and the economy in general. This optimism is leading to an incline in the markets.
But at the same time, reality is the housing crisis is far from over, and at the same time, third quarter earnings continue to be poor overall.
So what will win out? The general investor's optimism for the future, or the harsh reality of the present?
Either way, the volatility created by the two opposing forces will create unprecedented day trading profit opportunities.
For a day trader, volatility is king. That is where profits are born.
As the housing crisis continues, look for negative housing data to battle with investor optimism in the short term, with reality winning out long term.
Short opportunities will abound going forward. Are you ready to take advantage of them?
THE GUERRILLA TRADER
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Tips For Choosing a Real Estate Agent by Bruce Swedal

A real estate agent would act as your guide and help you take on one of the most significant decisions you will ever make within your life time. Therefore, it is imperative that you are absolutely sure that he/she has your best interest at heart and will always try to work towards fulfilling your requirements to the best of his/her abilities.
Choosing a real estate agent who will act on your behalf to find you a good deal is a very important decision. One must look into the following aspects carefully before deciding upon a realtor:
*Does the realtor have enough time for you? *Are you sure of his personal integrity and work ethics? *Will the realtor devote enough time and effort for you?
These are pertinent questions whose answers should satisfy you sufficiently. Your satisfaction is crucial in order to safely depend on the realtor about such an important decision. As a buyer, you must feel comfortable at all times. This is even when you have to refuse an excellent deal or move away from the "near perfect" home that your real estate agent may have shown you. It is very important that you do not feel intimidated by the real estate agent and at the same time, he/she must possess qualities such as assertiveness and a high degree of professionalism.
Choosing a realtor is akin to choosing a lawyer or doctor since one does not wish to lose out on a dream house or on a great bargain. The process of short listing or narrowing your search for a real estate agent is most often about how comfortable you are doing business with a particular individual. One has to look out for rehearsed responses and try to get to what the person can actually offer you. The trick lies in not falling for glib talk and going beyond the façade put up by many real estate agents. Most of the realtors are people with integrity, since they are professionals with a reputation to protect. However, what you have to look for in a real estate agent is his/her ability to understand your requirements and deliver accordingly.
Some of the realtors in business would have exceptional sales track records, so probing about their past record may be a good idea in order to asses them. You may also ask for references from individuals who would vouch for the realtor's capabilities on the basis of having done business in the past. Try to shortlist at least a dozen of real estate agents and use your discretion regarding whom to call for reference.
Ask the real estate agent as many questions as you deem suitable.
You may consider asking questions similar to the ones listed below: *For how long has each of the houses shown to you been up for sale? *Which of the houses have had their prices reduced? *How many times were the prices slashed and how much was reduced? *Is the realtor ready with a marketing plan for selling your property? *Would he stick to the plan? *What is the guarantee given by the realtor that you will get an assured good deal?
You may also consider asking if he/she has taken any courses on the real estate business to gauge his/her enthusiasm and passion for the job. Try to see if the realtor's voice sounds monotonous to you. In case you do, then ask yourself if his/her approach is relaxing or whether you would like to hear a more lively and energetic voice.
Last but not the very least, you should figure out whether he/she has good negotiation skills. Ask questions related to commissions as in the event of a house sale; both you and your realtor would have to discuss fiscal matters clearly.
Keep a keen eye on how the real estate agent airs his/her thoughts when you bargain for a reduced rate. If he/she is able to convince you that the fee being charged is fair and that it is commensurate with the amount of hard work that he has to put in to earn it, then he/she surely has the capability to convince other people to listen to their side of the story when seeing to business on your behalf!
Such prolonged discussions would give you the time needed for you to judge the personality type of the real estate agent. At the end of it all, you have to select someone who can earn your trust.

Why Hard Money Lenders Are Better Than Banks by Samantha Dawson

Are you a real estate investor looking for funds to finance your business? Do you want to secure a loan in only a matter of days? Do you want clear and better terms in repaying your loan? If you answered "yes" to all questions, then you should look for a hard money lender.
That's right. Hard money lenders are the answer to your real estate investing needs. Forget traditional lenders such as banks, whose penchant for giving away loans is as frequent as rain in the Sahara desert. So if you want to have the money to fund your real estate investing business, find a private money lender.
And here's why you should:
1. Hard money lenders base their decisions on deals. This means you can secure a loan from a hard money lender even if you have a bad credit score. Try doing that in a bank! Private money lenders don't care about your credit history. What they're looking for is a profitable deal. And if you can present one, then you have got a deal!
2. You can secure a loan with a hard money lender in a matter of days! Have you ever tried obtaining a loan from a bank? Queued in long lines and talked to dozens of representatives only for your loan to be rejected in the end? Well that won't happen with hard money lenders, who can provide you with the money in a matter of days. What is important is that you present a good deal. If a private money lender thinks that the house you want to flip has a huge potential to be sold immediately, then he will provide you the loan.
3. Hard money lenders could finance 100% of the deal. If you can propose a really good deal to a private money lender, chances are you won't be spending a single dollar from your own pocket to complete a deal. Hard money lenders generally loan up to 70% of a property's after repair value (ARV). So if a property's ARV is $100,000, lenders can lend you up to $70,000, which would cover the purchase price and the repair costs for a house that you bought, say, for $45,000 plus an additional $20,000 for repairs.
4. There are hundreds of hard money lenders out there. Private money lenders can be found anywhere, but they don't exactly post a "Hard Money Lender" sign in their front yards. For all you know, your next door neighbor could be a private money lender. All you need to do is find the correct medium that would grant you access to lenders in your area.
RehabHardmoney.com has been bringing together hard money lenders and borrowers for over ten years. Whether you're a hard money lender or a borrower, the website can provide answers to all your real estate investing needs. Visit www.RehabHardMoney.com today and get that perfect loan you've always wanted. You could also log on to www.REIwired.com to learn the latest techniques in real estate investing.

Whitby Houses by Andrey

Whitby houses are very valuable right now because of the city's rapid population growth. As well, the median income in the city is well above the provincial average, which brings a lot of people to the city to live and work.
Whitby houses come in many shapes and forms, and something can be found for anyone looking. There are luxury lake view condos available, ranch bungalows, as well as the typical single-family dwelling, and the smaller town house. If you are selling in Whitby right now, this is a great time to be selling.
With the thriving economy of the city, and its proximity to Toronto, people are always on the lookout for great homes within the city. General Motors, Sobey's and the Canadian headquarters of BMW all reside in the city, resulting in many jobs throughout the region.
If you are buying a home in Whitby, there are plenty of houses to choose from including many rental properties that are ideal if you are moving to the city for the first time, and are unsure of the best location to buy your home.
Buying big homes is a real investment. When investigating big homes to buy, make sure you are dealing with a real estate agent that specializes in the area. They will know whether or not you are getting fair market value for the home, and whether or not it is worth the money based on the taxes in the area.
It is the same if you are selling big homes. You want to make sure you are dealing with an experienced seller so that they can bring the right kind of clients through your home to make for a quick and easy sale.
Log on http://www.whitbyhouses.com or http://www.bighomes.ca to know more!

Make a fortune in real estate by Jessie Frost

You can't be successful in real estate if you don't know two things, your credit rating and your cash flow. You need to know what kind of purchasing power you have. Bad credit isn't so much a barrier as a tool-you need to recognize your limits and know what to do to improve them and work around them. Take an inventory of your income and assets. Know how much time you can
afford to dedicate to this venture. The more capable you are of treating it like your business, the more successful you will be. Know what kind of cash you have available, even if you don't use it. In real estate, you are nothing without your credit rating. This is a big problem that most beginners in real estate have when trying to make deals work. They simply don't know what their credit rating is and sometimes don't understand the importance of it, and therefore don't understand what type of loan programs and financing they can use.
Don't worry-I can show you a way designed for the majority of people out there who have not-so-great to outright bad credit, but who are willing to work hard and stay focused. While bad credit can make it more difficult to obtain traditional financing, it won't stop you from taking advantage of the real money-making opportunities that exist. KNOW YOUR CREDIT
Experian: experian com
Transunion: transunion com
Equifax: .equifax com
You have the right to a free credit report from each agency once a year and any time you've been denied credit and receive a letter from the company to which you'd applied, you can request a copy of the report they used to make the decision. Request a copy of all three, repair what you need to and repay what you have to.
In order to be successful in this business, you need to have contacts. Develop good relationships with your county clerk, a good realtor whom you can trust, an appraiser, a title company, a home inspector, a handyman, and a loan officer. You'll want to have quick and easy access to professionals you trust. You will also want to develop a database of investors, particularly rehab investors. Don't be afraid to advertise for investors even before you have properties available. It's
best to start developing a list of investors so that you have time to begin screening them-and you can be on the lookout for specific properties that will appeal to your investors and make you the quick money.

Florida Commercial Real Estate - Hiring The Right Realtor by Allison Ayson

There are lots of factors that you need to consider when putting up your very own business in Florida. There are lots of legal processes that you need to undergo though. You have to take care of the entire business permit, licenses, legalities, business operations and a lot more in order to make sure that your business runs smoothly.
But one of the most important thing that you need to consider is the acquisition of the Florida commercial real estate property that you are going to use. This property will serve all our business needs but of course it is very important to choose the right location for this property in order to make a better foundation in the city.
Actually doing all of this might exhaust your energy and knowledge. With this it is important to hire some that can help you on doing all of these. You can hire a real estate agent that can help you in locating the right Florida commercial real estate property that you are going to need.
If you are going to hire the expertise of a real estate agent, you have to pay for this service that they render to you. This can be another expense on your part, but if you will think it over you will realize the importance of hiring one. You will realize that every single penny that you pay to the realtor is worth for the service that they render you.
Real estate agent is connected with the different real estate firm in your place. You can be sure that you will be provided with the important information regarding the real estate market. You will be able to get an access with the different Florida commercial real estate property that will perfectly fit for your business.
There are lots of Florida commercial real estate properties that area available out in the market. But it is very important to check the budget range so that the real estate agent' work will be narrow down. It will be a lot easier for the realtor to do the search because of the budget range.
Real estate agent should be knowledgeable with all the legal process that comes with the Florida commercial real estate. All documents should undergo legal process so that it will be a lot easier for you to close the deal. So if you have some updates regarding your acquisition, the real estate agent will provide you with all the updates of the property.
Allison AysonFlorida Commercial Real Estate

Real Estate Investing According To Rehablist.com by Samantha Dawson

The real estate business is a lucrative industry perfect for those people who thrive in a lively atmosphere. If you want to be a successful real estate investor, you need all the tools you can get to ensure that you will have the chance to make it big in the business. Fortunately, there is a web site that can help you become the best in your chosen career.
Over the years, Rehablist.com has been helping many real estate investors make easy money by providing them with all the information they need to succeed in the real estate business. The web site has useful articles that would surely be of great help to those who are interested in real estate investing.
According to Rehablist.com, there are three major ways of investing in the real estate business. The first one is wholesaling houses. Through this method, investors acquire a contract on a real estate property and then sell or assign it to another investor, who seals the deal. The secret to successfully wholesaling houses is to find a buyer first before writing a contract on a property.
The second method is called flipping houses. Rehablist.com explained that the process of flipping houses involves the buying and quickly selling of a house for profit. Through this scheme, real estate investors earn money by purchasing properties at a lower price and then selling them off at a higher cost. Don't worry because Rehablist.com guarantees using such a method is not against the law. The third approach to real estate investing according to Rehablist.com is by purchasing and rehabbing fixer upper homes. Investors buy and fix properties that are in a bad condition, thus, the term "rehabbing." Once the restoration of the properties is complete, the investors will sell the houses at higher prices. Some of them, however, prefer to put these properties up for rent to ensure a regular flow of income.
So if you want to make it big in the real estate business, take note of these methods presented by Rehablist.com. To know more about the joys of real estate investing, just check out Rehablist.com.

Nashua New Hampshire Real Estate - 2009 Third Quarter Market Report by Fred Doleac

Third quarter reports represent transactions that occur during the summer months which is typically a slower seasonal market. The spring and fall markets are the most active in southern New Hampshire. In general, the Nashua residential real estate market is similar to past years however the average selling prices continue to fall.
Single Family Homes
There were 161 closed listings in 2009 as compared to 160 in 2008 and 157 in 2007. The average sales price dropped from $262,701 in 2008 to $251,924 in 2009. The average days on market dropped substantially from 99 days to 79 days for sold transactions. This is due to the high percentage of entry level home sales dominating the market. First-time home buyers are taking advantage of the $8000 tax credit and are purchasing homes since they are more affordable. The average listing price for single family homes declined slightly in 2009 as compared to 2008 from $297,116 to $289,222.
There were 260 homes listed during this time period and 255 active listings as of September 30, 2009. The average listing price at that time was $324,341 with the average days on market being 153 days.
Visit Nashua NH Real Estate for information about Nashua, NH and to search the NH MLS. Go to Virtual Homes Real Estate for all your real estate needs or call 800-856-2479.

Back Bay, Boston, Real Estate - Foreclosed For Sale by Fred Doleac

Back Bay, Boston MA Foreclosures, Bank Owned and Short Sale Property for Sale
Register to receive Back Bay, Boston MA real estate foreclosure (bank-owned) listings and short sale opportunities. One of our Back Bay, Boston, Massachusetts real estate professionals will contact you and provide:
A list of existing real estate foreclosure (bank-owned) and short sale listings in the Back Bay.
Email alerts on NEW foreclosure (bank-owned) and short sale listings in the Massachusetts MLS
Address and mapping information
For Back Bay community information including school reports, demographic, relocation, home buying and selling information go to Back Bay MA real estate. To search the MA MLS listings visit Back Bay MA MLS listings. Visit Boston, MA neighborhoods for other communities in Boston.
Go to Virtual Homes MLS for a map based search of all MLS listings of NH and Massachusetts real estate. Visit Massachusetts real estate to obtain relocation and school information in MA towns.
Preview communities in Maine at Maine Real Estate. Virtual Homes real estate also provides information and MLS access for Rhode Island real estate and Connecticut real estate. Call Virtual Homes at 800-856-2479 for information.

Breathtaking Areas In Kauai Real Estate You Don't Want To Miss by Ellen Gentry

If you are considering purchasing Kauai real estate, there are some lush, beautiful areas that you just cannot miss when you are searching for your dream property. From beautiful beaches to lush forests, Kauai offers something for everyone. Check out these six areas on Kauai before you decide on any one spot:
The Alakai Wilderness Preserve: For anyone that loves a great hike, this is the area to do it. It's also known as the Alaka'i swamp because of the bogs that are native to this area of Hawaii. And, since the preserve is located on the plateau that sits on Mount Wai'ale'ale, you will find that it really lives up to being one of the wettest places on Earth. Almost constantly covered in a misty cloud, it's very mysterious and romantic at the same time.
Hanalei Bay: Those that are looking for tropical Kauai real estate need look no further than Hanalei Bay. This is the biggest bay that lies on the island and is located on the North Shore. With over two beautiful miles of soft, sandy beaches for you to enjoy, you will love the green mountain backdrop that surrounds the area. And, with the beautiful town of Hanalei right in the middle of the area, you'll find some of the most gorgeous real estate in the world.
Ke'e Beach: Voted by the islanders as one of the most beautiful beaches on the island, it's also a great place to enjoy with the family. While you can only reach it by foot path, it is known for having no currents, no waves, and extremely shallow water - which make it the perfect family spot. But, be careful, those that venture further out into the reefs can get caught in the currents on the outskirts of the bay. Want to find some beautiful Kauai real estate close by? There are miles of wonderful areas that you can call your own.
Limahuli Garden and Preserve: For any outdoors person who loves hiking and some breathtaking natural views, this preserve is where you want to be. You'll find that it lives up to the awards that it has won - such as the best natural botanical garden in the US - and you won't want to miss anything here when you hike. There are residential areas nearby that have homes and vacant land you can purchase from which to enjoy the views and wonders of Limahuli Gardens.
Wailua River State Park: For anyone into kayaking or canoeing, who loves hiking and massive, 150-foot waterfalls, this is the park for you. Wailua River is Hawaii's only navigable rive and home to Opaeka'a Falls, which can be seen for miles. There are several residential areas close by from which to enjoy all this state park offers throughout the year.
Waimea Canyon State Park: No matter if you love the Grand Canyon or not, you will love Waimea Canyon. Made by a massive volcano, the canyon was formed from runoff water over millions of years. The best part is that the canyon is beautifully green year round, so you can always enjoy the breathtaking views, no matter which area of the canyon you are on.
For anyone wanting to enjoy the true Hawaiian beauty that Kauai offers - these are six great places to start. Of course, there are some other areas around the island you'll want to check out also, to make sure you find the perfect place to call home on Kauai.

Real Estate Investing: Invest in Your Success by Chris B. Jenkins

Success doesn't come without some effort and investment on your part. The cost of paying $997 for a class, or even buying a product, may discourage many people from taking a leap of faith to try it out despite the proven positive results. Yet, they are willing to throw away thousands of dollars on programs and services that yields no profit margin. Perhaps people need to start looking at education differently and start putting some of the much wasted money into their education because it certainly pays off!
Education offers investors with an edge over their competitors. Yes, it means that one would have to invest some out-of-pocket money, but with that investment comes more knowledge about how to fill rental vacancies effectively and efficiently. Learning doesn't stop for successful people because they need that bit of a competitive edge to be at the forefront of their industry. For the unsuccessful people, this learning processes hasn't even begun because they are too cheap to invest in their own success!
So, stop being such a penny pincher (especially those who have been unsuccessful in making money) and get educated. The library is a good starting point if you are conscious about your spending and don't have the guts to take risk without seeing some results first. Check out some books on real estate and start networking, starting with your contacts. Build from it! And, for the risk takers, pay for a class and use a credit card if you don't have the cash up front. You will pay it of before you know it!
Lastly, for those who've succeeded in their endeavors and are looking for additional tips to get you that "slight edge" over your competitors, here are some recommendations:
Each month, read one book selling, time management, success or real estate property investment. (Read more if you have time for it)
Each year, attend one education seminar or forum to further increase your knowledge on real estate to keep you on edge and motivated to make money.
Network, network, network and don't ever stop doing it! Be with people who have similar interests and goals who will keep you motivated.
Don't waste time listening to music or even watching television, spend more time reading a book or listening to educational materials while driving in your car.
And for holidays and birthdays, don't waste your money on useless gifts, get yourself educational materials.
Don't hangout with negative people. Regardless of who they may be, just ignore them.
Read blogs and e-zines; listen to more televised seminars
Find yourself a mentor or two or three mentors. You will need them.
No further comments for the cheap, unmotivated people who can't get the point. Don't you want to be successful and make some money?
Success doesn't come without some effort and investment on your part. The cost of paying $997 for a class, or even buying a product, may discourage many people from taking a leap of faith to try it out despite the proven positive results. Yet, they are willing to throw away thousands of dollars on programs and services that yields no profit margin. Perhaps people need to start looking at education differently and start putting some of the much wasted money into their education because it certainly pays off!
Education offers investors with an edge over their competitors. Yes, it means that one would have to invest some out-of-pocket money, but with that investment comes more knowledge about how to fill rental vacancies effectively and efficiently. Learning doesn't stop for successful people because they need that bit of a competitive edge to be at the forefront of their industry. For the unsuccessful people, this learning processes hasn't even begun because they are too cheap to invest in their own success!
So, stop being such a penny pincher (especially those who have been unsuccessful in making money) and get educated. The library is a good starting point if you are conscious about your spending and don't have the guts to take risk without seeing some results first. Check out some books on real estate and start networking, starting with your contacts. Build from it! And, for the risk takers, pay for a class and use a credit card if you don't have the cash up front. You will pay it of before you know it!
Lastly, for those who've succeeded in their endeavors and are looking for additional tips to get you that "slight edge" over your competitors, here are some recommendations:
Each month, read one book selling, time management, success or real estate property investment. (Read more if you have time for it)
Each year, attend one education seminar or forum to further increase your knowledge on real estate to keep you on edge and motivated to make money.
Network, network, network and don't ever stop doing it! Be with people who have similar interests and goals who will keep you motivated.
Don't waste time listening to music or even watching television, spend more time reading a book or listening to educational materials while driving in your car.
And for holidays and birthdays, don't waste your money on useless gifts, get yourself educational materials.
Don't hangout with negative people. Regardless of who they may be, just ignore them.
Read blogs and e-zines; listen to more televised seminars
Find yourself a mentor or two or three mentors. You will need them.
No further comments for the cheap, unmotivated people who can't get the point. Don't you want to be successful and make some money?

Real Estate Investing: Make Smart Investments by Chris B. Jenkins

With the recent decline in prices in the real estate market, homes seem to be more affordable than before. However, sellers are becoming more and more realistic when it comes down to the value of their properties. Yet, what they fail to realize is that as more and more affordable properties are becoming available for purchase, buyers are also becoming smarter about their real estate investments. Buyers, as much as sellers, are hoping to profit from the purchase of their property too.
While the past few years have been a struggle for investors given how difficult it was to find good deals on the market, deals where they can profit from after the property is sold. The real roadblock in real estate sales for these investors is probably a result of their unrealistic estimation of their property's value. Seriously, homes are just too way overpriced for what they are really worth. Here's the truth. Property prices are dropping across the board, more in some areas than others of course. Thus, prices are being marked down on a daily basis. Great news for buyers! But what does this mean to investors who purchase and flip homes when it is time to sell the newly renovated property?
Sellers have to price properties at a reasonable, yet still at a profitable price, in order to draw potential buyers in to seal the deal quickly. This is THE key question that each seller has to ponder when it comes to selling one of their properties.
With the federal $8k grant, first-time buyers are key targets for any seller. There is a niche there. The biggest issue, however, is to get buyers to want to buy your property. To help you seal the deal on your home, consider the following questions. When you a cheap property, you are looking to secure profit after it is sold, right? Well, have you considered that buyers are rationalizing their purchase of your home the same way? They are not looking to purchase a home where the value will decline below their monthly mortgage. Lenders wouldn't want that either.
Thus, the challenge for you really isn't about finding a buyer. The challenge is for you to sell your properties a price that matches the objectives of the average homebuyer. With prices as low as it is on the market today, you can make a profit (big or small) simply by making sure that you purchase your deals that the very lowest price possible!

Selling An Older Home In New Jersey by Art Gib

Home sellers in New Jersey should be aware that because their homes are old they might require some remodeling before they can be sold on the New Jersey real estate market. Because the age of homes across the state are between forty to eighty years old upgrades to plumbing and electrical systems may be required before a seller can successfully market their home. By taking a proactive approach to the sale of their home and remodeling or updating older systems home sellers using the services of a New Jersey real estate professional will be able to attract buyers and sell their home quickly.
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Buying a home in New Jersey is a little different than buying a home in any other state. Because of the established areas of the state new home developments are few and far between. The majority of homes for sale in New Jersey are older can range anywhere from forty to eighty years old depending upon the neighborhood that they are in. Due to the age of homes for sale in the New Jersey real estate market homebuyers are cautious when it comes to making a decision about buying a house.
While many resale homes in New Jersey have been updated and remodeled to make them more convenient and user-friendly to the residents there are some homes that are in need of upgrades. Because turn of the century plumbing and electrical systems have changed dramatically over the past one hundred years older homes being listed for sale by New Jersey realtors may have to undergo a facelift before they are ready to be put up for sale. Home owners that have been in the same house for a number of years would be well advised to bring their home into the twenty-first century before the put their home on the market.
Remodeling the bathroom and kitchen will help potential buyers to know that the house has had modern plumbing installed and will meet the scrutiny of home inspectors, but the home may also need a complete rewiring of the electric system including the fuse box. Sellers taking a proactive approach to upgrading their older homes and bring them up to code by todays standard will have a greater chance of attracting younger buyers and avoiding paying for potential problems that may arise during the inspection and appraisal of the home.
Sellers in the New Jersey real estate market should also bring in a pest control expert to look over the house and clear it of any potential insect infestations before putting their house up for sale. Because termites are a huge problem in New Jersey it is estimated that eighty-five percent of the homes in the state have termites living in them. Termites eat wood and can create potential problems for owners listing their houses for sale in New Jersey. By calling in an exterminator and controlling any pest problems ahead of time the home seller can save time and the possibility of greater damages that require attention before a potential buyer will complete the sales transaction to buy their home.
After bring the plumbing and electrical up to code through upgrades or remodeling of the house the seller is ready to market their home with the aid of New Jersey realtors that will help them to find homebuyers that are anxious to move into their newly modernized home.

Inspections Protect Real Estate Buyers by Art Gib

Home inspections are vitally important to the people buying homes that are for sale. A detailed property inspection is a homebuyers protection that everything inside a house works properly and that all electrical and plumbing is up to code and is not only functioning properly, but that it also is installed to specifications. For buyers of homes for sale in New Jersey the added protection of a home inspection means looking for damage that may be caused by insects.
Because many homes listed in the New Jersey real estate market are 40 years old and older, home inspectors are looking into the possibility of termite damage or other burrowing insects that may have entered the homes for sale in NJ. Home inspectors and pest control specialists estimate that 85 percent of the homes in New Jersey have an infestation of termites. While these numbers are conservative there are measures that a homebuyer can take before signing the final paperwork and purchasing a home.
Inspector look for damage to floor joists, rafters in the roof and foundations for signs of infestation then make recommendations based on those findings to the prospective buyer. If a home is in need of repair the inspector can estimate the costs of fixing damages and the homebuyer can negotiate with the home seller to pay for the needed repairs or discount the selling price of the home so that the buyer can cover the expenses themselves. In states like New Jersey where insects are an apparent problem homebuyers can ask for sellers to pay for professional exterminators to clear the property and if the damage is extensive have contractors replace what part of the home is in need of repair.
When buying any house it is important to have an inspector look through the property thoroughly. If the roof shingles are damaged or the attic shows signs of leaking the homebuyer has the option of backing out of the deal and continuing their search for houses for sale in New Jersey or again approaching the seller with a choice to pay for the new roof completely or make allowances to the price of the home.
Inspectors are tough on home sellers because they are working for the best interests of the homebuyers and because if something is overlooked they may held responsible for not disclosing the smallest detail of an inspection. The details covered by home inspectors may be so finite as to nitpick items like a burned out light bulb that should be replaced, and while the seller may be sweating at hearing the report the home buyer can be assured that the home they purchase will be well maintained and have everything working as it should when they move in.

Realtors Encourage Buying Before Prices Rise by Art Gib

The country may be recovering from the real estate crash that dropped the pricing and subsequent values of homes across the country, but the market has not yet begun to make a strong upswing and now is the right time for people to buy a home before the market recovers and prices begin to rise again. For buyers of homes for sale in New Jersey the economy is ripe for picking up a house at a reasonable price. The mortgage companies are beginning to see some rise in interest rates over the past few weeks, but those rates are still competitive at around a six percent fixed for a thirty-year mortgage.
While the price of homes is steady, New Jersey realtors are finding that there are a number of homes for sale that are perfect for buyers in any stage of life. Some sellers that face the unfortunate demise of losing their home as a result of foreclosure are making their homes for sale in New Jersey more affordable for buyers through a short sale of their property. By selling their home at a discounted rate before the banks take possession of the home a seller can escape from the burden of the mortgage that they cannot afford and still keep their credit in tact.
Because banks want to avoid foreclosures that cost them thousands of dollars, they are willing to negotiate with homeowners over the price of their New Jersey real estate property. If a seller that faces the prospect of foreclosure can find someone to buy their house before it is taken away by the bank, the banks are usually willing to accept a lower price for the home and even forgive a portion of the debt owed by the seller. The term short sale refers to the bank and the seller shorting the mortgage loan to sell the home without the bank taking possession of it.
Short sales have become more common in the past year than they ever where before and buyers that have the patience to wait anywhere from four to eight months are finding some sound investment deals for New Jersey real estate. By using the services of New Jersey realtors many investors and homebuyers have been able to find and purchase short sale homes and apartment buildings that have enabled the seller to walk away from their financial pitfall without having any shame or guilt that may have come from being forcibly removed from their home through a foreclosure. With the interest rates still low and the housing market leveling out New Jersey realtors are encouraging their clients to buy homes and make offers today before the prices bounce back and interest rates rise again.

Make Real Estate Sales in Any Economy by Kevin Wright

The economic state of the real estate industry in the United States is steadily improving. As you are aware, in the past two years the industry has significantly dropped due to the poor economic status of many people and their unwillingness to spend on a new home. When our economy took a plunge many people were scared to put their money back into anything let alone real estate. However, a lot of the same people are seeing that in order for the economy to turn around they need to spend their money. A great way for them to do this while creating a good investment is to buy a home.
In the state of California, one of the largest and most heavily populated states in the country, the median price for a home has risen 1.6% in the past year. This is an opportune time for buyers to buy because the median price for homes is still low. It is also great for sellers because the slow, but steady increase means they can get more for their home. Besides knowing how much you want to spend there are a lot of important factors that play into the sale of a home. Many buyers or sellers aren't aware these complex transactions and they can go through a sale not knowing what they've done.
This is one of the reasons why many agents have had great success using Pre-Listing Packages to propel their sales, listings and referrals. The package introduces you and your company to the client and explains to them how you are best qualified for all their real estate needs. It also educates the client on the home buying and selling process, which many agents neglect. It's the simplest things that can make the biggest impact. The package is similar to a movie trailer that gets you excited about what is to come. By giving a package beforehand, will build instant rapport, credibility, and get the client excited about you and your company.
Have you ever wondered how it is that some real estate agents get sales in good and bad economic times? As you probably know, when the economy is in a recession it's usually a buyers' market, and when it's booming, it's in favor of the sellers. How do you reach the buyer population in a recession and sellers in a flourishing economy? The answer is simple. You provide all sellers with a Pre-Listing Package and buyers with a Pre-Purchase Package. Not many agents know of or utilize this important tool that could skyrocket their sales.
This proven system can potentially increase your sales, listings and referrals in a matter of months. Many homebuyers and sellers go through the transaction without fully understanding exactly what is going on. This is a negative reflection on the agent not to mention bad the client as well. As a real estate professional you can waste a lot of time answering common questions and concerns that could be easily answered in a package. Your time should be spent on finding buyers, sellers and other important tasks. The package should include pertinent disclosures, such as the listing agreement that the client should review and sign. When it's received beforehand they will have a chance to review it first.
This will decrease the time spent at appointments and on phone calls answering common questions from your clients. Sometimes they will even have the disclosures signed before you arrive to the appointment. This is why you want to provide every prospective client with a package a few days prior to the appointment. Its crucial to stay in contact with the client as anything can happen in between the time of meeting them and the appointment. For example, the client could meet another agent or run into a friend who knows another agent that could potentially get them a "better deal".
Real estate agents are usually concerned with avoiding or getting out of a recession. If you were using a Pre-Listing Package, then that wouldn't be the case. In the marketplace, recessions separate the weak from the strong. When things are booming we tend to ignore being proactive and preparation for the recession. Why not be prepared for both buyers and sellers and maximize your sales potential? It's no mystery that persistent and determined agents win. What you do now will have a major effect on your future sales.
It is important to buckle down and be mentally, emotionally and financially prepared for any market. Don't make the mistake of holding out in hopes that a recession will clear someday. You want to succeed in any economy, good or bad. Make sure your Pre-Listing Package contains all the needed information to close the deal. Not all Pre-Listing Packages are the same, which is why you should use a Pre-Listing Package (for sellers) and Pre-Purchase Package (for buyers). Utilizing both will give you enormous leverage in any market by capitalizing on both types of clientele. Whatever your niche market or economic market, providing prospective clients with a professional package is a great way to set you apart and make securing their business much easier. Good luck and much success!!

Double Your Income in Real Estate Sales by Kevin Wright

Have you ever wondered what makes some real estate agents succeed where others fail? Remember that doubling your income is all about doubling your business development efforts. If you are serious about doubling your income within the next six months, you must learn how to turn your time and energy into a profit. Once you decide you really want to double your income, don't let anyone or anything stop you from earning it. Marketing yourself as a real estate agent is most crucial to your success. Yet the average agent won't put the time and effort into effective marketing tactics to connect with their clients. Many agents waste a lot of time educating each and every client on the transaction process, answering common questions and giving listing presentations.
You need to be effective and proactive in your approach with all your clients. Why not provide all your clients with a package of information that educates them on the transaction process and the answers to most of their questions about you and your company. Top agents do this and use what is called a Pre-Listing Package. The Pre-Listing Package is the most powerful and important impression you can make on a buyer or seller. The goal of package is to establish credibility and show the prospective client that you are competent, organized and professional before ever meeting with them. Imagine that you just set an appointment with a motivated seller and when you arrive at their home, they already have the listing contract signed! This is not uncommon with real estate professionals that use Pre-Listing Package because they have an advantage and edge over other agents.
You don't have to imagine this if you send a package to all prospects a few days before each and every appointment. This package introduces you and your company and explains to prospective clients how you are best qualified for all their real estate needs. Using a package definitely separates you from the competition. The package establishes rapport and can guarantee listings every time. There is a big difference between real estate agents and real estate professionals. The Pre-Listing Package is that difference, and is a must for all real estate agents.
Having a professional Pre-Listing Package will decrease time spent spend at appointments and increase your listings. You can dramatically increase your listing and sales potential in a matter of months! Using a package is your ticket to real estate success! It provides the foundation for any real estate agent with any income goal who is serious about getting listings. I'm sure you have seen agents who have been working for months or even years and haven't reached their full potential in income or listings. If you haven't seen this, then that agent very well may be you. By using a package you can receive the following benefits:
Sky rocket your income and listings in a matter of months.
Cut your pre-listing presentation appointment time in half.
Establish credibility and rapport with a client before you ever meet.
Show potential clients that you are organized, competent and professional.
Separate yourself from the competition and give yourself an advantage over other "agents" to make an ever-lasting professional impression.
Eliminate presentation anxiety and nervousness.
Earn double the referrals.
There is certain information that must be included in your package to make it most effective. Also realize that every top real estate professional is well scripted, and this is one of the main reasons that they are confident and get listings. Review your package along with practicing a script so you can develop the confidence and get the income and listings you deserve. Whatever your market niche, providing prospective clients with a professional Pre-Listing Package is a great way to set you apart and make securing their business much easier. Good luck and much success!

Forensic Loan Auditing by Terry Robinson

What is Forensic Loan Auditing?
Forensic loan auditing refers to examining all the documents related to your loan. The resulting analysis helps the attorney by providing increased leverage when negotiating better loan terms or while filing a foreclosure prevention lawsuit or any other related legal proceedings.
There is a low level of auditing and a more complete high level auditing which you should be aware of.
1. TILA/RESPA or Low Level Auditing
This is a typical auditing that most companies do. A lot of it is based on software programs and is intended to identify TILA or RESPA violations and achieve "loan rescission" (cancellation of the loan). However to cancel the mortgage the borrower will return the loan amount taken from the lender subtracting the payments made up-to-date and other costs of the loan. This is also called tendering an offer.
Rescission basically restores the situation between the lender and the borrower as it was before the loan. The catch is most borrowers are often in no position to tender an offer. Lenders and financial institutions understand this all too well. In most cases rescission is quite ineffective in protecting the interests of the borrowers.
2. Predatory Lending Audit
This is an advanced loan audit that analyzes everything related to a loan. Apart from TILA and RESPA violations, it seeks to identify various other violations which let the attorneys prevent foreclosures and file lawsuits.
Since this process requires a a high degree of knowledge with a variety of provisions of the law and also the possible postures that lenders may take to defend their positions, very few companies are qualified to do a quality loan audit.
Many loan fraud investigations fall into this category. These auditing practices evolve rapidly over time due to revisions in the relevant laws and better and superior tactics employed by lenders and financial institutions.
The best way to know if you have been a victim of loan fraud or predatory lending is through a thorough and professional forensic loan audit. A forensic loan auditor must play the role of a detective with a keen eye to the details.
Each real estate filing is covered by various consumer protection laws both at the state and federal levels. The auditor must be able to find the applicability of such laws to your file which may or may not be patently obvious to a normal eye. What to Look for in an Auditor?
A forensic loan auditor must be adept at scrutinizing all forms, documents, loan processes, lender and loan officer practices. This demands a close familiarity with all laws relevant to loans. Software programs are essentially useless because many lenders have already mastered the art of making their loans appear as 'in compliance' with TILA and RESPA with most of the software applications available in the market.
It needs a trained eye and precision focus to perform a forensic audit by hand. It takes approximately 6 months to train a qualified forensic loan auditor.
While interviewing an auditor keep the following things in mind:
1. What is the experience of the auditor in performing forensic loan audits?
2. How and why did the auditor enter forensic loan auditing?
3. What is the background of the auditor? Did he or she ever testify in a court?
4. How does the auditor perform auditing? By hand or through software?
5. How knowledgeable is he or she about various codes and laws relevant to loans?
6. What is his or her approach toward loan modifications?
7. What kind of support does the auditor offer to the attorney arguing the case in the court?
It is very important that you identify the right kind of auditor to support your file. The practices and strategies being employed in the loan modification and foreclosure cases are changing every day and attorneys of the lending institutions can be quite creative at trouncing your case. Therefore, your auditor must stay a 'step ahead' with loan auditing if you are to prevail against the opposition. What Should Your Audit Look for?
A forensic loan audit involves reviewing all loan documentation, terms and conditions of the loan, compliance of the loan with various state and federal laws, fees charged at all stages of the loan, loan fraud, deception, bait and switch and other loan fraud practices. The auditing should also review foreclosure documents and relevancy of servicing and pooling agreements.
A quality loan audit must address the following important issues while submitting a report. This is by no means an exhaustive list, but these are the most common issues to be addressed by a loan audit.
1. Loan Fraud
You can be deceived at many levels. Loan fraud is quite subtle and the auditor should be able to identity all the nuances in the papers. Lying about various terms and conditions of the loan, false statement of income and loan applications, forgery of the documents, and backdating the documents are some common practices in the loan fraud.
2. Misrepresentation
To entice the borrower to take the loan, brokers and officers may make false claims, statements, and representations, either orally or in written form, that are in contradiction with what is drafted in the loan documents. The loan documents might also be misrepresented to mislead the borrower to take a loan that is not in the best interests of the borrower.
3. Deceptive Practices
Did the loan officers deceive the borrower? Were all loan documents consistent with UDAP (Unfair and Deceptive Codes and Practices) codes? The auditor must observe with great care the documents for any possible violation of UDAP Law. Deceptive yield spread premiums and misleading negative amortization loans are two of the most commonly employed deceptive practices by the lenders and the loan officers.
4. Breach of Contract
A loan document is a contract to which both the broker and the borrower must abide. Whether it is calculating the interest rates or stating penalties, the broker must be fair in providing accurate and truthful information to the borrowers. The auditor must check for any possible violations in this area. What Should an Audit Report Tell You?
After the investigation an audit summary is compiled which details various aspects of the loan and any violations discovered. The report should clearly explain all the results of the forensic loan audit performed, all State and Federal Law violations found, the actual terms and conditions of the loan, hidden fees and the commissions earned by your lender or broker.
These results are forwarded to an attorney who will use the report to support your case in a court of law. A competent auditor helps your attorney stop the foreclosure and save your home. So choose your auditor carefully by using some due diligence and a little logic and reasoning.

10 Common Traits of Real Estate Billionaires by Kelly

According to Forbes magazine's 2005 annual list of "The world's richest People"; the real estate investing billionaires have a lot of things in common. This can't be a coincidence. Let's look at some of those similarities.
For Sale by Owner
1. Go commercial. Residential properties seem to stay out of the interest in the billionaire's perspective. They usually go for office buildings, shopping centers and apartment buildings. This strategy seems very popular for the wealthiest man in American real estate, Donald Bren.
This billionaire made a lot of his money as chairman of The Irvine Company. This real estate investment company is famous for developing quality communities like the 93,000-acre Irvine Ranch in Orange County. Donald Bren is the 6th wealthiest real estate billionaire and the 122nd richest man in the world with a worth op approximately $4.3 billion.
2. Do more than invest. Most people buy property and then hope and pray that the property will appreciate in value. Improvements are very important. This can easily link into the term "flipping houses" which can result in astronomical capital gains.
3. See the property not for what it is, but what it could be. If you buy a office building, it doesn't mean that an office building is the best use of that property. It is very important to know the area, the market surrounding the area and future tendencies. It becomes very important to think outside the box to sniff out possibilities.
4. Be relentless & tenacious. Billionaires don't let obstacles or pitfalls keep them from achieving their goals. A lot of billionaires have gone bankrupt more than once. What makes them different is they used the failure as inspiration to do it better. The concept: "Failure is just another form of learning" comes to mind.
5. Have a thick skin. Other people can be resentful and jealous of successful people. Be strong against criticism, don't let it skew the path to your goals. The thing that I have found is that the people who are always skeptical or pessimistic are usually the ones that know very little about the subject. Next time people have a pessimistic view about real estate, just ask them how many properties they own.
6. Have superior information. The power of information lies not in what you know but in what you dont know and how quickly you can gain the knowledge of what you don't know. If you do more research than your competitor, you will have the upper hand in any deal.
Sell Your Home in 21 Days
7. Don't accept the cards you are dealt with. According to Forbes, two-thirds of billionaires who made their cash in real estate where self made. This means that they didn't inherit it or won a lottery. They used their heads and made thinks happen.
8. Live in California. U.S. billionaires who made their fortune in real estate, 7 out of the 21 lived in Atherton, Newport Beach, Stockton, Palo Alto or Illinois. That's one-third of them.
9. Get, & stay, married. Of the 43 real estate billionaires whose marital status is known, 37 are married, 5 divorced & 5 widowed. Makes me think of the quote: "behind every successful man is a more successful woman" and visa versa.
10. Get the education. 26 Real estate billionaires' education is known. Out of those, 20 have got at least a college degree, 3 have got high school diplomas, and 3 were high-school dropouts. This is not to say you can't get rich without a degree, but it should make you think.

How To Invest In Canada Real Estate With No Money Down. by Ozzy

How To Invest In Canada Real Estate With No Money Down.
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IN THIS 70 MINUTE 'INSIDERS-ONLY' LIVE WEBINAR ($197 VALUE),
You will ALSO discover...
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* How to earn $150,000.00 to $350,000.00 per year as a full-time real estate investor... And how you can start this week... without any previous experience or money!
If it was impossible for you to fail, what would you attempt to do?
How is this possible, you ask?
Attend the webinar to find out!
Why Is Trent Doing This?
INVEST IN REAL ESTATE
Trent has been a real estate investor for several years. And it has changed his life completely.
He used to live from paycheck to paycheck while both he and his wife struggled month after month only to make ends meet.
It seemed that the bills kept stacking up while they worked, worked and worked night and day - barely finding time to even breathe... much less to take time off.
But from following successful mentors, his situation literally transformed - and almost overnight!
Now he spends a lot of time with his wife and two kids, without any financial worries what-so-ever.
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Up to now, he has only mentored his close friends and family.
And now he wants to help others who are dead-serious about wanting to make a change.
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Guide To Make Lots Of Money Turning Over Real Estate by John-David Basson

earning profits with real estate flipping is truly possible. It isn't the best thing in the world to do, but with a bit of talent and information you can become a hit in this niche of the property industry. The thing that you need to remember is that an investment in any sort of real estate is a risk. If you're expecting to come out on top every time you are not being realistic. And this holds true for making profits with real estate flipping in particular. The way that you make cash by flipping real estate is kind of straightforward. But do not just search by price . If you do this you may end up buying something that has no potential at all . From there, the very next step is to fix the property up to make sure that it meets all of the codes, and that somebody would really wish to purchase it. Ultimately, the profit generating step of the method. You will sell the property for as much money as you can. To calculate your total profits, all you've got to do is subtract the buying price and the money you put into the home from the selling price . This may tell you how much you have made with the particular exchange. Those are the 3 simple steps to making money with real estate flipping. Some folk make the error of being blinded by all of the money that will be made. Even though this is a nice thing, it shouldn't be the only thing on your mind. Overall, making profits with real estate flipping may or may not be good for you. Jax StatesReal estate investment

Real Estate Investing Strategies 101 by Chad DeBolt

If you entered your e-mail address into even one website offering an investing course, e-book, webinar or the like, than you probably get bombarded with offers everyday selling the latest and greatest real estate investing technique. In all honesty I don't mind receiving these types of e-mails and am actually on several peoples list. Some are good, some bad and some are just ok. The point to all of this is that there are tons of ways to make money in real estate and for the most part all of the strategies are legitimate and worth learning about. Here at Homes For Investors however we only focus on three types of real estate investing, well four actually but we only teach three. The three strategies we encourage our clients to use are:
Buy and Hold
Buy Fix and Sell
Rent to Own
These techniques are timeless. They worked decades ago and will work decades from now. They are the foundation in which all other techniques are built from. Let's take a look at each technique briefly and identify the attributes of each.
Note In future sections of this series we will get into great detail about each one of these strategies, for now though, just the basics.
Buy and Hold This is certainly not the quickest way to wealth but it is definitely one of the safest and easiest strategies to implement. Buying and holding a property is simply when you acquire a property for the purposes of renting it out and using the monthly rental income collected to offset your expenses associated with owing the property. In a perfect world your monthly rental income will cover all of the expenses plus leave you with a positive cash flow. This strategy is not to be used until you have adequate cash reserves as getting a part time job to pay for your rental property is no fun. Ask me how I know!
Buy Fix and Sell Buying fixing and selling goes by many names. It's commonly called flipping and sometimes called retailing. When using this strategy you identify a property located in an area that has a high likelihood of appealing to an owner occupant. You acquire the property for as cheaply as possible and renovate it, bringing it up to acceptable market standards. Once complete you market the property or hire a real estate agent. The objective is to sell the property to a willing and able buyer as quickly as possible and for the highest possible sale price, therefore maximizing your profit.
Rent to Own The Rent to Own strategy is a hybrid of the Buy and Hold strategy and the Buy Fix and Sell strategy. When using this technique you are offering your property to a tenant / buyer [tenant today - buyer tomorrow] on a lease agreement while simultaneously giving them an option to purchase the property for a predetermined sale price and for a predetermined amount of time. This is not the time or place to get into great detail but please realize right here and now that only a percentage of these deals actually come to fruition. The deals that don't close either end up being converted to a Buy and Hold rental or vacated, spruced back up and set up on a Rent to Own agreement all over again.
These three strategies alone are enough to build a lifetime of real estate deals. In fact most old school investors only use these techniques. Most balk at some of the more creative techniques used today. If you are new to the business I would recommend you learn the ins and outs of these techniques as they are absolutely the basis for all other techniques out there. If you master these the rest will come easy.
Since 1999 I have been using these exact techniques in conjunction with my wholesaling business. Lately, last 3 years or so I have been concentrating more on Buy and Hold and Buy Fix and Sell but Rent to Own is a very viable strategy as well, just not one I've been using lately. The next 3 lessons are focused on the details of each one these strategies so stay tuned and happy investing! .

Rocky Mountain Real Estate by Dannie Jensen

We know that Colorado is known for Rocky Mountains. But does the Colorado real estate rock as well? Though Colorado real estate doesn't rock that much, as per the statistics (and when we compare Colorado real estate to others like Florida real estate or California real estate). However, there are people with contrarian views as well. And believe me, contrarian views do sometimes get huge profits for you, because in such circumstances you will generally face lesser competition from other real estate investors and you can probably get a Colorado real estate piece for much lesser than it actually is worth. However, we are not saying that Colorado real estate has performed badly. Though I don't remember the exact statistics but Colorado real estate appreciation was about 5-7% only which is much lower to 25% or so for Florida real estate. Again, when we say 5-7% appreciation in Colorado real estate, we are talking about the state in general. So, it's quite possible that there be regions in the state where the real estate appreciation is say 25% and there could be places where there has been no appreciation in real estate. The opportunity is always there, the only thing you need is the art of finding the Golden deal in this Colorado real estate market.
When assessing Colorado real estate you must take into consideration various factors e.g. you must assess the overall economic indicators and check what effect it can have on Colorado real estate (both in the near term and in the longer term). You don't need to be a financial analyst or a real estate guru for doing this assessment, you just need to keep track of various news items and analysis reports on Colorado real estate. Also keep track of the mortgage rates and laws on tax breaks (as applicable to Colorado real estate). All these factors influence the trend of real estate anywhere (not in just Colorado). Moreover, you will need to hunt for Colorado real estate opportunities by going to public auctions, foreclosures, teaming up with attorneys for information etc. Again, remember that a not-so-good news about any real estate (be it Colorado real estate or Florida real estate), doesn't mean that real estate investment won't make sense at that place; in fact, it might cut down the number of competitors you have.
So, if you feel that Colorado real estate doesn't rock; you can probably make it rock for you. There always are plenty of opportunities.

What is the Perfect Short Term Financing Loan? by Alfred Baldwin

The estate market is a continuously evolving beast. As markets change, so do the sorts of loan products that become available. One of the so called'specialty' bad creidt loans that is growing in renown is the'bridge loan.' However, before making a commitment to this type of loan, it's important to grasp the basics. And as significantly, who this group is best suited for. So, with that having been said, what exactly is a bridge loan and what can it do for you? A bridge loan is simply a short-term loan used by an individual ( or business ) who needs a fast cash infusion till permanent financing can be accomplished. A bridge loan, sometimes called a swing loan or gap financing, is often anticipated to be repaid awfully quickly . Most bridge loans have a term of about half a year to one year. When would someone need a bridge loan? Bridge loans are commonly used by potential home purchasers who are ready to buy, but who haven't yet sold their present home. When the housing market is booming and homes are selling within days or weeks of being listed, a bridge loan makes little sense. But what about those times when the housing market seems to be moving along at a more reasonable pace? Imagine, for instance, that you find your perfect home. You are raring to purchase it, apart from one major setback : you must sell your current home first. In the meantime, you can snatch up that dream house by making an application for a bridge loan. A bridge loan can allow you to pay off the mortgage on your current house, or gather enough money to make a down payment on your dream house while you wait for your current home to sell. In hindsight, the opposite situation would be perfect : selling your home, and then finding your perfect home. But since life, and especially issues of personal finance, aren't always ideal, a bridge loan is an acceptable option for anyone who reveals themselves caught between. The terms of a bridge loan can vary widely. Some types of bridge loans allow you to completely pay off the mortgage on your current home. A reasonably characteristic bridge loan might work as the following : the bridge loan is used to pay off the mortgage on your current home, and the rest of the cash is used to make a down payment on your new home. In this type of eventuality, closing costs and half a year of prepaid interest are normally subtracted from the loan amount. If the first home isn't sold after a period of half a year, the borrower is usually allowed to begin making interest-only payments on the bridge loan. When the first home is sold, the bridge loan can be paid off in its totality, with any unmerited loan charges credited to the borrower. Be warned that using bridge loans in this way-to span the disparity between 2 separate transactions-can be pricey. Bridge loans frequently come with high costs, so make sure you understand the terms of your loan before signing. Also, be ready to face the possibility of having to pay the identical to three mortgage payments ( your current house, new house, and the quantity of the loan itself ) till your home is sold. Before even considering bridge unsecured personal loans, talk to your real estate agent. Find out how long homes in your houses' price range are taking to sell. If the housing market is so slow that you predict your home to remain unsold for many months, a bridge loan might not be such an excellent idea. Bridge loans are also ordinarily employed in property investing. People curious about making an investment in real estate, but who may not have access to conventional loans, can employ a bridge loan to make the purchase. People who use bridge loans might be unable to be accepted for conventional loans due to credit problems. Therefore, many bridge loans are frequently available through non-traditional lenders, who offer interest rates ranging from fourteen to 20 p.c. These lenders frequently also charge 'points', or fees, on these loans. One point is one p.c of the total loan amount. Because these lenders are not as engaged with credit histories as standard lenders, bridge loans are much more accessible, though also much costly. Bridge loans supply a fast and comparatively straightforward way to get a fast money infusion. But also they are laden with higher than average charges and interest rates. The best advice regarding bridge loans is also maybe the most simple : do not use them unless you really have to.

What Kind of Website Investor Are You? by Jeanette Cates

In some ways doing business on the Internet is like real estate investing: There are different business models that are successful. For example, in real estate there are three different models of involvement:
- The pure investor. This person puts money into a deal, but has no direct involvement in it. They don't visit the property, they don't collect the rent. They did their research and made their decision. Now it's strictly hands- off.
- The flipper. This person buys houses, may or may not fix them up, then resells them for a profit. They don't collect the rent, they don't have a long-term involvement. They are in and out quickly.
- The landlord. This person buys a property so that they can own it and collect rent over a period of time. They know the property well. They are very involved with the property.
Now let's look at Website Owners. There are also three comparable models:
- The pure affiliate marketer. This person may or may not have a website of their own. Their primary involvement comes from referring their clients and visitors to others' sites - and collecting affiliate fees for doing so. They don't need to maintain a site, set up payment collection, deliver a product or support a product. They merely put the deal together and are finished with it.
- The reseller. This is the next stage of involvement. The person who resells a product must choose the product, set up a website, take the money, deliver the product, and support the sale. It's a great training ground for having your own product. You have to do everything except create the product, so you get plenty of hands-on experience. But you often have the advantage of ready-to-use sales copy and graphics, so it's much faster to set up.
- The product creator. This is full involvement. Not only do you have to research the market and determine what they want, but you also have to create it. Then you have to develop a means to market it - and close the sale. Finally you have to do everything a reseller does - set up the site, take the money, deliver the product and support the product.
So given those three models, where should you start? I believe they are best taken in order. If you're brand new to the web, find some affiliate products you like and get in the habit of recommending them.
When you're ready to get your own site, set up a resale site for a product you recommend. Often this may be one of the same products you have been recommending as an affiliate. But now, with resale rights, you're able to keep all the money. Plus you gain valuable experience as a website owner and marketer.
Finally, make the ultimate commitment to create and market your own products when you know your market well and know what they want. It's a large time and effort investment to create a product, so you want to be sure you know there's a market. The experience you got as an affiliate and as a reseller of others' products will go a long way toward your success in marketing your own products.

California Loss Mitigation and Foreclosure Realities by Randy Scott

Although in the past investors would push servicers to foreclose on those who couldn't make their payments on their mortgages, today investors are all about loss mitigation. Foreclosure, it turns out, is a costly hassle, leading to thousands and thousands of dollars of loss. Extrapolating these losses over entire portfolios, or even over the entire country, they add up to billions of wasted dollars.
Obviously, investors and government agencies don't like that, and they have begun convincing/enticing/forcing the servicing community to help discover new methods of loss mitigation, create special departments for their execution, and generally to pursue less wasteful alternatives to foreclosure. These new plans include tactics such as delicate loan modification negotiations, forbearance plans, deed-in-lieu of foreclosure, and real estate short sales. Now, every single operation features such programs, it is assumed. And even better, it works.
The huge losses of sudden foreclosures and defaults are largely a thing of the past, replaced by the smaller losses of loan mods, short sales, and other mitigating actions.
Sadly, this improvement is not without its drawbacks. Loan servicers, especially the ones in residential situations, have become bogged down in layers of litigation that come with loss mitigation, because trying to reach a workout of loss mitigation while simultaneously, and often secretly, pursuing the channels of foreclosure created a lot of angry people claiming that they were engaging in deceptive practices.
There is a court case that set a strong precedence in these matters. Richter v. Bank of America (1991) led to a court awarding Richter about three million in damages against a lender who had 'breached it's duty' to deal in good faith towards the goal of restructuring a loan, and had engaged in negligent misrepresentation by going for foreclosure while 'taunting' the borrower with promises of a loan modification. It was a landmark case, demonstrating the power of expectations for genuine loss mitigation efforts over the old foreclosure practices or unscrupulous fraud. It also made servicers nervous and hesitant to engage in loss mitigation efforts if foreclosure might be legally simpler.
However, most lenders have come to the conclusion that the risk to their interest is worth the prevention of major loss during foreclosure or short sale. And there are some pretty simple and effective steps lenders can take to protect themselves from potential risk.
The most self-explanatory, but often hardest to execute plan is to simply "be a straight shooter". Lenders who suggest that they plan to pursue loss mitigation avenues instead of foreclosure need to admit that, actually, they will be proceeding with foreclosure procedures until a document executed by both parties is produced that sets out specific, agreed-upon loss mitigation alternatives. They need to straight out document the fact that they are in danger of foreclosure, and that they should not definitely rely on loss mitigation results, and be aware that they are in very real danger of losing their homes. Lenders cannot be in the business of giving out false hope, because it can lead to more loss, and sometimes lawsuits.

Make money at home SMALL work from home business vs BIG never see home business by Jim Peterson

I think business is great. In fact I believe that business is the catalyst for all growth. Don't take my word for it, look at your life and you will see that everything you perceive as good comes from business. Business provides you with the vehicle for freedom, joy and growth which is the path to make the earth a better place.
Business, ethics, integrity, these principles allowed us to expand from barter traders to entrepreneurs and from entrepreneurs to what? What, is up to you, because you are business.
What do I mean by you are business? If you don't buy what business offers, business is out of business. Unfortunately, because there are so many of us BIG business seems to have forgotten that you are their business.
In business school these days they seem to be teaching students more about how to manipulate the system, and you, than why business exists or what makes a business last. The education system in the United States has produced a whole new breed of Business School trained executives, whose loyalty is to finance and the manipulation of investments; who feel no obligation to be familiar with a company's employees, product, manufacturing process or customers.
There are exceptions, however, normally BIG equals bureaucracy and bureaucracy equals mediocrity. In a bureaucracy the cream does not usually rise to the top. The bureaucracy has forgotten that you are business, they have come to believe that they are business. It appears BIG business leaders don't give "you" that much thought. BIG is interested in business.
Let's talk SMALL. Small businesses, whether they are home based businesses, some franchises, a direct selling business or something in between, allow you to have a life, family experience, feeling of community with all the freedom, joy and growth that you are here to enjoy. That is why I like home based businesses, particularly, networking businesses, because that is what they do.
The ancient business pioneers were satisfied when business reached the point where farming, barter, trade allowed the formation of relationships that provided communities with a stable platform from which you could work together to make the earth a better place. As things were needed, someone in the community or a neighboring community developed it. When you found a product that you liked or worked for your health you shared it with your community and others. You cared about each other.
And that's exactly what happens when you are dealing with a person, a friend, family member or associate. However, you are taught, by BIG business, to pay more attention to an actor dressed up like a doctor than to a friend or relative that talks to you, face to face. BIG has convinced you that when you look at the media (T.V., Internet, Newspapers, etc.) you are dealing with a person. You are not, you are dealing with a business that wants to sell you something and wants you to perceive that it is helping you.
How does a home based business work? The majority of the 100+ Billion dollar direct selling industry is based on providing you a unique product or service directly from family, friends and associates. Home based businesses are a business model that allows you to have a life while you earn income.
Universities, the media, your parents and friends keep relying on the BIG business model even after the Savings and Loan mess, Dot com melt down, Bank failures, Real Estate debacle, etc. all caused by "traditional" business practices.
Heaven forbid that you start a home based business. Even though, while banks are failing and real estate is tumbling, small and home based businesses, which represent 50% of the Gross National Product, continue to provide more and more people with freedom and financial independence.
Find a home based business you like and begin to enjoy the freedom, joy and growth that it can bring to you.

Buy New Real Estate Today by Joshua Fairfield

Read More Articles Like this on My blog at http://dailycashsaver.blogspot.com/
Did you know that there are many valuable real estate properties being sold at just a fraction of their original purchase price? Because of the housing market slump, this really is a great time to be in the market looking for some valuable real estate. If you have been waiting for the right time to come along, this is it. It is time to get out there and do some shopping before all the great properties are gone.
There are some great incentives for you to take advantage of if you are a first time home buyer and you can only get them when you finally decide to leave the renting scene and join the home owners club. You can get great tax credits and low interest rates for your home mortgage, but this is only available if you get out there and start looking for properties. If you really want to try and get a great home for a low price, let your real estate agent know that and he or she might point you in the direction of some bank foreclosures. You might not have a lot of room to negotiate a price with the bank, but chances are the price will already be pretty low.
Have fun looking for great properties out there and enjoy searching the real estate market. There are so many wonderful properties just waiting to be found by the right person. Start looking today and who knows how long until you find the house of your dreams.
Read More Articles Like this on My blog at http://dailycashsaver.blogspot.com/

RealWebMarketing.net Launches New Blog for Client News by John Eberhard

New Blog Will Feature News on RealWebMarketing.net Clients' Activities
Los Angeles, CA: RealWebMarketing.net (http://www.realwebmarketing.net), a website marketing firm specializing in working with small to medium-sized businesses, has launched a new blog specifically devoted to news on client activities. The address of the new blog is http://realwebmarketing.typepad.com/client_news/
The purpose of this new blog is to give increased visibility to the optimized press releases for RealWebMarketing.net clients. In most cases the clients themselves also have blogs of their own where the press releases are posted, and he releases are posted on several online PR sites such as www.pr.com.
John Eberhard, President of RealWebMarketing.net stated "I am a big believer in optimized press releases as a way to get a company's message out to the public, and also create high quality links coming back to their web site. We routinely find that the online PR sites where we post press releases rank very highly in the search engines, so those are high value links. Now with this new blog of ours on client news, clients will get increased visibility for their press releases and more links, which increases their search engine rankings."
RealWebMarketing.net was founded in 1999 in the Los Angeles area, and has clients all over the U.S, in a wide variety of fields such as health care, consulting, construction, personnel recruitment, court reporting, drug rehabilitation and detoxification, publishing, software, jewelry, residential and commercial real estate, dance instruction, tax consulting, plumbing, dentistry, pool remodeling, and many others. The services offered by RealWebMarketing.net include optimized press releases, social media marketing, pay-per-click advertising campaign management, web design and blog design, search engine optimization, link building, article syndication, and video production.

Buy Your Dream Home With Fort Lauderdale Real Estate by Allison Ayson

It is every individual's dream to have their own home. And acquiring a property is not that easy. You have to consider a lot of factors in order to make the buying process successful. But you cannot have a successful acquisition of a property if you do not have any knowledge about where to acquire the right property. You may consider buying property to Fort Lauderdale real estate.
Fort Lauderdale real estate is one of the popular places where you can acquire your own property. It is also known for scenic spot which most tourist enjoy. Aside from those tourists there are also people who stay there to have an extravagant vacation. In Fort Lauderdale real estate you will be able to enjoy different facilities in the place. There are restaurants for fine dining, gym for those gym goers, fitness centers for those health conscious people, spa for those people who want to feel relax and a lot more establishment that you can enjoy a lot. In this place there are also schools, church, supermarket and a lot of facilities that can provide the needs of most people. These are the things that most people can enjoy most.
Despite of the decline in the real estate market that gripped the entire nation, Fort Lauderdale real estate is showing signs of slow improvement among others. It is true that the mortgage crisis, increasing numbers of foreclosure and the U.S dollar devaluation make the market to fall down, but the city has no plan to stay that way. And because of this they are finding ways on how to solve the problem.
And one of their best solutions is to improve those properties that they are selling. Usually they do some renovations and facilities improvements. They usually have those home repainted to be more appealing to those homebuyers. They add some facilities like spa, restaurant and other recreational centers that most residents will enjoy. They improve also their marketing strategies in order to make those properties to be well known to the public. With all of these sellers are sure enough that they can enjoy making profits.
And as homebuyers, once you check on those available units in Fort Lauderdale real estate you will be encourage buying one to be your home. For sure you will enjoy those facilities that are present around the vicinity. Aside from that you are sure enough that you are safe and secured with this place.
Allison Ayson Fort Lauderdale Real Estate

Living in North Carolina Needing to Relocate to the Greater-Metro-Atlanta ,Georgia Area? A Must Read! by ForSaleGeorgiaHomes.com

Purchasing a home for some, might be anxiety provoking. Relocating to another state and needing to purchase a home might be even scarier. Yet, with the right guidance like Apex Residential Properties, Inc. relocating to Atlanta and the surrounding areas, and nearby towns can be a smooth and a positive experience for the entire family.
We are a group of Real Estate Advisors and Real Estate Professionals specializing in the relocation process to Georgia. We understand the emotional and the financial impact relocating can have on you and your family. Creating a smooth and a positive transition of the home buying process for those relocating from out of state is our number one goal along with finding a home that is a great deal, has the best value, and is in the top school districts.
Atlanta is the largest and most populous Metropolitan area in the state of Georgia and in the Southeast. It is spread over a few counties: Fulton, Dekalb, Cobb, Gwinnett, Cherokee, Clayton, Douglas, Fayette, Henry and Rockdale counties. It has the fastest growth rate of any southeastern city. It is considered to be a top business and transportation hub. It is the world headquarters of the Coca Cola Company, AT&T Mobility and Delta Air Lines. The surrounding area contains additional corporate headquarters, including Home Depot and UPS. Atlanta has the nation's third largest concentration of Fortune 500 companies and more than 75% of the Fortune 1000 companies have a presence in Atlanta metropolitan area. Hartsfield-Jackson Atlanta International Airport, which is located seven miles south of downtown Atlanta, is the world's busiest airport.
Whether you are relocating for work, school, moving to be closer to family or retiring, we can assist. This service that we provide is free of charge. All it requires is for you to speak to one of our Real Estate professionals to guide you in every step of the way in the home buying process.You can reach us at 770-912-5056, or click on Dream Home Finder to let us know exactly what it is that you are looking for in a home, to enable us to customize a search for you. Or you can click on Georgia MLS Home Search to start the relocation process. You will not be disappointed. Let ForSaleGeorgiaHomes.com help you find your new home. Opportunity knocks......... take the key...... and unlock the door to your family's future!Welcome to Georgia!
With great experience as Real Estate Professionals,we help Home Buyers meet their real estate objectives. We have extensive knowledge of the Metro-Atlanta Area counties and we will work tirelessly on your behalf to make your next home buying experience a pleasant and a successful one because strong negotiation skills, and a commitment to providing excellent service are all crucial elements! So call 770-912-5056 or visit us at www.ForSaleGeorgiaHomes.com Opportunity knocks......open the door! Don't miss out.We service the following areas: Marietta,Atlanta, Buckhead,Dunwoody,Sandy Springs, Roswell, Alpharetta and Duluth,East Cobb, Vinnings, Smyrna, and Kennesaw Suwanee, Peachtree Corners, Norcross, Duluth, Buford, Sugar Hill, Lawrenceville, Sugarloaf, and Lilburn Brookhaven, Decatur, Dunwoody, Morningside,Virginia Highlands.
Article Source: ArticlesBase.com - Living in Charolette,Raleigh-Durham etc... North Carolina and needing to relocate to the Greater Metro-Atlanta, Georgia area?