22 October 09 - 20:43Five More Places to Look for Pre Foreclosure Deals

While you’re probably aware that pre foreclosure investing is a great way to profit from real estate, you may be finding it hard to come up with ways to find those pre foreclosure properties that others haven’t already thought of. Here are some unique ideas for being the first to find out about potential pre foreclosure investments.

Build your army of pre foreclosure headhunters. Make it widely known to everyone you come into contact with that you buy pre foreclosure homes (you’ll probably have to educate them a little about what to look for). Let them know you’ll offer them a bounty (say, $500) if you end up buying a property they tell you about. Tell your mail carrier, your grocer, your neighbors, your hair stylist, your kids’ parents…and give each of them a stack of your business cards.

(more)

lance - default - / No trackbacks - § ¶

01 October 09 - 16:08Flipping Homes: Why This May Be the Best Time Ever

You’ve probably heard that in this soft market, flipping homes is not a good real estate investing bet. But once you really understand what flipping homes is all about, you realize that it’s sometimes best to ignore what you may have heard.

Flipping homes involves finding an undervalued property, rehabbing it and making it appealing, then quickly selling it at a profit. Though it may seem logical that flipping homes works best in a booming market, the reality is that in a rising market, it may be impossible for someone interested in flipping homes to find bargain basement properties in desirable areas. (more)

lance - default - / No trackbacks - § ¶

25 August 09 - 21:25Foreclosure Investing: 4 Questions that could end up saving you money

You may already know about the fantastic profits to be made from foreclosure investing. And while foreclosure investing can be a legitimate and rewarding way to quick profits, it’s not a completely fool-proof way to easy money. Being able to honestly answer the following four questions can help ensure that your foreclosure investing ventures are always good deals (and can help you to stay away from the money pits).

(more)

lance - default - / No trackbacks - § ¶

04 August 09 - 18:28Pre Foreclosure Investing: 5 Pieces of Advice You Should Ignore

When you mention to someone that you’re interested in pre foreclosure investing, you’re likely to bring well- (and maybe not-so-well) meaning advice bearers out of the woodwork. Save yourself some aggravation by knowing the truth behind these common pieces of pre foreclosure investing “advice” you’re likely to get:

You’d better have a lawyer at the pre foreclosure sale. A lawyer won’t be able to do much at the pre foreclosure sale, since the terms will have already been set. The best protection you can have at this point is your title insurance policy.

If you buy a pre foreclosure property, the owner can force you to sell it back to him within one year. This concept, called the “right of redemption,” exists if the pre foreclosure property goes to the sheriff’s sale, but it does not exist while the house is a pre foreclosure property. (more)

lance - default - / No trackbacks - § ¶

05 July 09 - 13:38Probate Real Estate: 3 Common Myths

If you’re looking for a real estate opportunity where the sellers are highly motivated, the properties can often be bought at a deep discount, and the competition is minimal, consider investing in probate real estate.

What, exactly, is probate real estate? When someone passes away, their inheritance is divided between the heirs. When the inheritance includes real estate, it is referred to as probate real estate, or, a probate estate.

Though investing in probate real estate can be highly profitable, many people shy away from it, often because of some common misconceptions. In this article, we clear up three of them.

(more)

lance - default - / No trackbacks - § ¶

29 May 09 - 14:11Real Estate Flips: 3 Ways to Find Cheap Properties

Real estate investing remains one of the best ways to grow wealth. And real estate flipping is one of the top ways to make money at real estate without a large outlay of cash, without bank red tape, and even without great credit. To make money at real estate flipping, you can frequently find below-market deals from sellers who, for various reasons, are eager to unload their property. Here are three places to find properties that can bring you profits from a real estate flip.

(more)

lance - default - / No trackbacks - § ¶

06 May 09 - 19:13Make Money at Real Estate ― Even with Bad Credit!

Most people believe that in order to make money at real estate, they have to have perfect credit and lots of cash. But the truth is, you don’t have to have stellar credit and piles of wealth to make money at real estate. In fact, real estate investing is a great way to build wealth, and eventually repair your credit.

One of the best and easiest ways to make money at real estate despite bad credit is by buying pre foreclosure properties. Pre foreclosure properties are properties in the default phase of foreclosure. In the pre foreclosure stage, the bank has filed foreclosure papers, but the Sheriff’s auction has not yet taken place. (more)

lance - default - / No trackbacks - § ¶

01 April 09 - 22:29Making Money with Real Estate: 4 Myths You Must Ignore

If you’re interested in making money with real estate, your biggest obstacles are the myths about real estate investing. Naysayers have a way of coming out of the woodwork with their “advice,” including the following―four of the most common bits of “wisdom” that you should never take to heart:

MYTH: You have to start with a lot of money. This is simply not true. You’ll find many opportunities for making money with real estate that require little or no cash up front. Buying foreclosure properties is one way to start making money with real estate without laying out a large down payment. And if you can negotiate a great price on a piece of property, you can find an investment partner who is willing to put up the funds. (more)

lance - default - / No trackbacks - § ¶