Buying Rental Property – Avoid Seller’s Tricks

Be careful when buying rental property. We stayed at a motel for a week one winter. The bill showed twice what it should have, but since I already paid the correct amount in cash, I thought nothing of it. When we noticed that the lobby and swimming pool were unheated, we thought it was frugality. Only a year later, when I read a news story about a new owner struggling to make the motel work, did I realize what was going on. The owner had been planning to sell. To prepare, she was using the two most basic ways to inflate the appraised value: decrease expenses and increase reported income. By stopping repairs and quietly adding $100 in income every …

Buying Bank Owned Properties (REO)

Where do most investors turn to when they seek preforeclosure opportunities? Sure, they take a look at free foreclosure listings or even sources of foreclosure listings that they pay for. While these sources may lead to productive and profitable deals, they also require extensive marketing and business promotion in order for an investor to tap into these preforeclosure opportunities. To Get a Free Foreclosure and short sale Course including how to buy REO Properties, Go here Reo Properties What other options do investors have? Well, in today’s market, more and more realtors are marketing properties as short sales in the MLS. While these do represent preforeclosure opportunities, I also think that this can be risky for the investor because many …

Buying Investment Property

First a little story about buying investment property. My wife and I stayed at a motel in Tucson for a week one winter. Our bill was for twice what it should have been, but since I already paid the correct amount in cash, I thought nothing of it. During our stay, we noticed that the lobby and swimming pool were unheated, and passed it off as frugality. A year later, however, when I read a news story about a new owner struggling to make the motel work, I realized what was really going on. To prepare the motel for sale, the owner had been using the two most basic ways to inflate the appraised value: decrease expenses and increase reported …

Guaranteed Benefits in Buying Homes in Long Island

People nowadays want to have a home where they can have privacy. It is where they can find tranquility and peace of mind. A place where nobody will dare to tell or command you where to go and what to do. You are the master of your own home. Building a home is not easy. You should find the best part or location to be able to satisfy yourself. Buying a home can be one of your most significant investments in life. Not only you are choosing your dwelling place, and the place in which you will bring up your family, you are most likely investing a large portion of your assets into this venture. The more prepared you are …

How to Find a Good Real Estate Investment Property

There are many ways in which you can find a great property for your real estate investment. The problem lies in the fact that many would be investors aren’t exactly certain what specific types of investment they wish to make. Unfortunately, the type of investing will greatly affect the type of property that will best suit your real estate needs. This article focuses on finding a great property for the purpose of flipping or rehabbing a property. Seek Bargains This is absolutely a necessary step when it comes to finding properties with excellent potential as flipped properties. Bargains are often sold at bargain prices for a reason. The good news is that many of these reasons are purely cosmetic and …

How You See the Problem Is The Problem

No real estate investor ever gets beyond the reach of problems. Every investor faces personal and professional problems. The problems come in all shapes and sizes. They can be business-related, financial, physical, or emotional. Although no one escapes problems, your perception of the problem will determine your response to the problem. Unfortunately, no one has a magical formula to deal with them. You can, however, implement certain principles to help you succeed. At first blush, these principles may seem over simplified, but don’t underestimate their power. If you choose to use them, you’ll reap a harvest of achievement that will far surpass your efforts. Here’s five ways to solve your problems. 1. Be Responsible. When something goes wrong, when you …

How You Can Use Rehab, Refinance and Cash Out as Long-Term Wealth Building Real Estate Investing

Today we are discussing a somewhat advanced strategy for you to use after you have been in the creative real estate investing business for a while. I call this “Rehab, Refinance, and Cash Out”. This strategy can lead to true long term wealth and financial independence. This works very well in a buyers market like Memphis where prices have been quite flat for some time. You need to use this to augment your wholesaling for immediate income and retailing for bigger short term profits. Rehab, Refinance and Cash Out is a long term wealth building strategy and will be something you will be glad you did as it is a long term buy and hold strategy, and those are the …

How to Start Your Overseas Real Estate Portfolio

Real estate is a tried and tested asset class and the majority of people agree that as a long term investment commodity there is nothing really to beat it for consistently returning strong growth and increasing yields…however, when a country’s housing market goes temporarily cold as real estate prices move outside of the affordability gap, real estate investors often look overseas for the development of their property based portfolio. Currently the real estate markets in countries such as the UK and US are slow and the ability to profit from property locally is reduced – therefore more people than ever are thinking about moving their focus abroad and starting an overseas real estate portfolio to enable them to build a …

If Real Estate Investment Is So Great, Why Doesn’t Everyone Do It?

Oh, that’s an easy one. I can answer that in one word. FEAR. Real estate investment is a great way to change just about everything in your life, but it’s one of those things where doing it for the FIRST time is the toughest. In fact, the second is exponentially easier! It’s fear folks, plain and simple! And why doesn’t make much sense to me. Consider that: – “Everyone knows that the surest path from low income to millionaire is through real estate.” This appears to be a well-documented truism. I’ve seen a similar statement in some of the most prestigious financial resources on the planet. – I rarely hear of someone losing it all from real estate. I might …

How to Estimate the Market Value of a Property

Often people fail to make a profit from property investment when they do not understand the true market value of their chosen property, both in terms of resale and rental income. Investors hoping to purchase a run-down home or off-plan development and sell it on at profit when the work is complete; a practice known as flipping, are often caught out by over-inflated prices or under-estimated renovation costs. On the other hand, buy-to-let investors can be seduced by suggestions of high rental values and then disappointed when these do not materialise. Whether you’re planning to flip a property or buying-to-let, it is important to ensure that you do not pay over the odds, as money saved on the purchase price …

How to Close the Best Deal in Spokane Washington

Spokane Washinton is a very good place for real estate investment! This region is the administrative center of the county with the same name and in recent years it has developed into a prosperous, lucrative region. Spokane is the commercial center of Washington and can offer many benefits to investors. This territory is rich in natural resources and it is considered to be the perfect place to start a business from scratch. Judging by the fact that branches like the mining industry, agriculture, horticulture have developed considerably lately, investors have a multitude of options in choosing a new direction for their business. Furthermore, Spokane Washinton is a very good place for real estate investment, as the region is under continuous …

How to Build a Profitable Property Portfolio

As more and more of us look for better ways to secure our financial future than investing into stocks and shares or relying on our government to provide for us in our old age, so interest in purchasing property as an investment asset is increasing. After all rarely do careful investments made into real estate lose a purchaser money, whereas all too often investments made into pensions companies or on the stock market fail to come to fruition – is it any wonder therefore that more people want to know how to build a profitable property portfolio? Here are ten top tips that expert property investors abide by when looking for property that they can do up and resell or …

How To Profit In Real Estate Investing With Fixer-Uppers

There are many people who get into real estate investing and who, in the process, just follow a simple formula which is using the well tried and certainly most tested way of doing business in real estate and that is to buy homes being put up for sale by owners who are in distress. In such instances, they are able to snap up distress properties at rock bottom prices and then they simply fix up the properties with a view to selling them further at a higher price and in the process make a tidy sum of money. As a matter of fact, it has been found that those who have used such simple strategies over the long term have …

Foreclosure Investing – The Pros And Cons Of Investing In Foreclosures

Investing in foreclosures is no doubt one of the best opportunities to make money in today’s economy. As with any type of business venture, there are risks involved. Investing in foreclosed properties offers great opportunity to buy homes significantly under market, but there are some risks such as considerable research, under lying lien problems, long-term carrying costs and several others. If you are willing to take the chance on a property or two you may prosper in the end. Foreclosed homes can be purchased at several stages. First is the pre-foreclosure phase, then the auction phase and finally the REO phase each of these presents their own set of pros and cons. Familiarize yourself with each of these different types …

Foreclosure business with its incredible outcome

Foreclosure is a legal proceeding by which the county enforces payment of real property taxes. The county acquires legal title to a property if the taxes aren’t paid by a certain date. Generally real property is normally subject to foreclosure three years after the taxes become delinquent. List of all the properties on which the taxes are not been paid subjected to foreclosure and is mostly prepared in July of each years for accounts with property taxes of three years delinquent. If a certain property is subject to foreclosure then lien holders may ask for the notification. One month after the list is announced, the district attorney subject that list to judgment and decree to the court. The notification of …

Finding Buyers For Investment Properties

To find buyers for your properties, get to know other investors who would be interested in buying from you. Do this by developing an identity, looking through title records to find other investors, developing a marketing strategy and contacting investors who advertise via street signs. Finding buyers for investment properties does not have to be a complex marketing battle. In fact, successful real estate investors often find buyers and tenants for their properties before the even purchase a piece of real estate. They do this by focusing on other real estate investors. Other real estate investors are always looking for properties to buy, so if you can supply them with properties, you will have a steady stream of potential clients …