Real Estate Blog » Real Estate Investing

Real Estate During A Poor Market

Doc Schmyz — Fri, 11 Dec 2009 11:25:29 +0000

OK a few ground rules for this article first.

1) Bad markets have happen before…and people still made money.

2) Not every deal will fall into a cookie cutter format keep your eyes open…and your mind even more so.

3) Not every tactic or idea works in EVERY state/province. ALWAYS check local laws pertaining to real estate transactions.

Ok..now that we understand the rules…lets move forward.

So the market has taken a big drop this doesn’t mean that you, as a real estate investor/professional, are out of luck. It only means you need to add new tricks and tools to your tool box. (Be warned I use “tool box” a lot.)

Finding Deals and Marketing property

Besides the normal channels of RE agents and brokers (still the best way to find good investments in my opinion) you have a huge amount or resources at your fingertip with the Internet.

You can join website communities for investors, follow blogs, get in on group discussion etc. You can even start your own website for investors and network. All of these things can lead to new and interesting deals.

Some of my best investments have come to me via a web community contact. I also have gotten countless tips from other investors on investments and financing issues. Do not over look the value of belonging to an “investor community website.”

I truly feel that the future of investing will be web related. Not just in finding investment projects but in doing the research for them as well as finding the funding and the marketing/exit strategy as well.

Finding financing

Everyday we are hearing about how the current market and credit crunch is making getting loans harder for everyone. This is currently a fact. No way around it. The loan process has changed. So what options are left?? The answer is several.

Lease options. Assumable loans. Seller financing. Just to name a few.

The above mentioned may well become the big trends in the next couple of years. I am waiting to see how the lenders change the loan guidelines in the next few months to “re introduce” the assumable loan. We are already seeing a HUGE trend in short sales. ( 10 years ago short sales were a lot harder to find, now it seems like every other distressed listing is a short sale in some cities.)

Please do not let the current market conditions scare you in to sitting this investment period out. On the contrary use it to inspire you. Take the time to do the research on finance options, look into building a LLC perhaps. Find out about buying real estate with your IRA. Etc, etc.

Read investment the strategies of the big names in investing. Buy books build your investment library. Use the time to educate yourself and above all be creative.

Don’t run for the hills when you should be shopping in the valleys.

Doc Schmyz has done real estate deals all over the US. He owns a free website that shares Real estate investing information for all over the US. Find real estate information by state

Tax Lien Foreclosure Properties: Tips And Strategies The Successful Investor Needs To Know

Nathan Williams — Fri, 20 Nov 2009 21:45:27 +0000

No Risk Investor provides education and step-by-step instruction in creative real estate investing strategies for the advanced investor and the beginner alike. The most important thing any investor can do to take the risk out of investing is to have an understanding of the strategy principles, potential pitfalls, and how to effectively turn a profit. No Risk Investor provides members with the necessary resources any investor would like to have in their toolbox in order to be successful.

Members can view training videos in the Training Center and consult the Auction Calendar in the Tax Lien Marketplace to plan their investing strategies. Members can exchange ideas about tax lien investing subjects on our Investor Forum and even talk with other students and successful investors.

Do you know how to access your County’s tax lien and deed county lists? The Tax Lien Marketplace is the place where you can view and purchase pre-evaluated tax foreclosure properties from our Tax Property List. Attend County online property tax sales and much, much more through the Tax Lien Marketplace.

The whole reason anyone learns about how to invest in Tax Lien Certificates and Tax Deeds in the first place is to get into property. No Risk Investor understands that it’s hard to get into that first property but also how crucial it is to get some real assets under your belt. It’s not only important to create cash flow but also to acquire assets. Although it’s important that you make the steps to purchase on your own, No Risk Investor also offers pre-evaluated properties for sale. A team of skilled investors researches and buys properties specifically for our members.

No Risk Investor will help you buy tax foreclosure properties as soon as possible. Land is available today for under $1,000 and houses for under $5,000. Our houses are given with a Warranty Deed, meaning when you buy a house you receive the deed FREE AND CLEAR. These homes are complete with a BPO and necessary information to help the investor make an educated purchase. These properties are bought through a tax deed sale and other real estate strategies and brought directly to you. Call or email us today!

Learn more about Tax Lien Foreclosure Properties . Stop by No Risk Investor where you can find out all about Government Tax Lien Foreclosure and how to find the best deals.

How To Make Foreclosure Investing Work

Jerome Pennix — Fri, 20 Nov 2009 01:42:07 +0000

Real estate investing has always been a popular way to make money in this country, and so it continues even in these strange times. You might be considering getting started in foreclosure investing, but you must understand what is involved very thoroughly in order to have the best chance of having success with foreclosure investing. REO GoldMiner.com can help you take the guess work out of real estate investing, by helping you find distressed properties and valuate them with the click of a button.

One of the first steps that you will want to take in the process of learning more about fix and flip real estate investing is to research the local and state laws concerning the buying and selling of houses in the city where you are considering purchasing houses. In many, there are certain lengths of time in which you must keep any house that you buy, and if it is a long length of time, it may not work to your advantage to use that house to flip. For questions about local and state laws, you should want to consult with a lawyer who can answer your legal questions accurately.

If, after determining the laws that cover this area of fix and flip real estate, you wish to continue in this pursuit, the next step would be to find foreclosed homes. This is where REO GoldMiner.com comes in. As a member to REO GoldMiner.com, you can find foreclosed homes in your area and determine their value.

After you find foreclosed properties, with REO GoldMiner.com, the next step is to analyze how you will pay for the home. One way to go about purchasing foreclosed homes is to pay for them yourself, and this is the simplest way if you have enough cash on hand to make the purchase. An additional way is to get a house loan through a financial institution. As with any type of mortgage, you will be offered a better loan term the higher your down payment can be, so part of your strategy might be to acquire a large down payment prior to starting in foreclosure investing.

If the point of purchasing foreclosed properties is to see a return on your money, then you will want to make any required repairs as inexpensively as possible and turn around and sell the house as fast as you can. Ways that investors try to make a greater profit is either with purchasing foreclosed homes that are in better shape so that little rehabilitation is necessary and can be sold quickly, or selecting properties that are in poor shape because they can be bought for a very low price, with the understanding that they will have to be repaired more extensively.

Foreclosure investing should not be embarked upon lightly; it is best to read and gain all the information and tips that you can before you begin in order to have the best opportunity for success in this endeavor. REOGoldMiner.com offers access to coaching, training, and information to help you build a profitable real estate busines.

Beginners Guide to Flipping Houses

dennis — Fri, 12 Jun 2009 18:25:59 +0000

Flipping houses is becoming big business in the world of real estate investment. Unfortunately it takes all kinds of ‘flippers’ to make the world go around and some of them aren’t nearly as conscientious as others. If you are going to get into the business of flipping houses and want to make a living, and build a good reputation, for producing quality results you need to see to a few details throughout the process.

1) Do what needs to be done. Don’t cut corners and create situations that will put the family that purchases your home in personal or financial risk. You want to create a safe home for the family or person that ultimately makes the purchase. You do not accomplish this by taking shortcuts and using shoddy workmanship.
2) Avoid spending money that doesn’t need to be spent. By this I mean don’t spend money creating more work. Many people do this by deciding to tackle additions, rip out walls, or changing floor plans. These kinds of changes are best left to the buyer unless they will significantly improve the asking price you can bring in on the house. Otherwise spend the bulk of your money in kitchens and baths where they are best known for bringing in bigger profits.
3) If it ain’t broke don’t fix it. There is a lot of wisdom in this age-old saying. There is no reason to go in and fix something that doesn’t need to be fixed unless doing so will improve the value of the house to its buyers.
4) Always work within a budget. Most people set a budget when planning to flip houses but very few manage to work within that budget. This is the difference in making the profits you anticipated and putting the entire project at risk.
5) Create a home that the buyer will want to live in not the home that you will want to live in. You should never flip a house or design a flip according to your tastes; it is a recipe for disasters in more ways than one. First of all, it is unlikely that buyers will be able to afford it. Second, it sets you up for hurt feelings if a potential buyer rejects any small details. Third, it often raises the price you must seek for the property in order to cover the increased costs of decorating and designing according to your taste. Finally, it often leads to unnecessary expenses, which defeats the purpose of a quick flip type of project.
6) Time is money. Remember this in all things. The more time it takes to do the flip the more money it’s going to cost and the less money you are going to make. Plan small changes that have a big impact and can be done quickly to get the most out of your flip.
7) Never attempt a champagne flip unless you have a champagne budget to back it up. Just as flipping above the market is an unwise move it is equally unwise to flip a property beneath your target market as well. Do not attempt to flip a house in an upscale neighborhood if you can’t manage the upscale building supplies and appliances that will be needed in order to make it a success.

While these aren’t guarantees for success they are solid advice that will minimize the risks you face when flipping properties.

Real Estate Blog » Real Estate Investing

Real Estate During A Poor Market

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