The Best Way to Get Houses to Flip

July 20, 2012 · Posted in Real Estate · Comment 

What’s that? You are wondering how you can actually go about finding suitable houses to flip??

I spend a lot of time speaking with people about how to be successful in the real estate business, however if you cannot find potential properties to rehab, you will undoubtedly have a tough time launching your career.

Expert real estate agents can be a super valuable resource for finding houses to flip – they have their finger on the pulse of what’s going on and are usually very knowledgeable.

The Ins and Outs of How to Find Houses to Flip with the Assistance of Real Estate Agents

I recommend that you check out the below tips, and immediately incorporate them into how you go about finding properties with the help of a real estate agent:

Be sure to not waste the agent’s time: Like everyone else real estate agents are concerned with making money so you need to be careful to be respectful as well as not waste their time. The last thing you want to do is make a real estate agent run around at random properties. It is important to not have them do all this work unless you plan on taking action. Taking action on a potential deal is what it’s all about folks!

Communicate to the real estate agent what is most important to your real estate business: Often times real estate agents need to be educated on the type of house flipping you plan to do so you guys are on the same page right from the beginning. Tell them how you like to do business and purchase properties – the types of houses you want and where they should be located. It is important to be upfront with your agent regarding this stage in the process.

Focus on relationship building: Refer back to the importance of both building a solid house flipping team as well as the power of. Locating the right people is very important – you may filter through a number of agents before you find one that you can really mesh well with.

Getting access to the agent’s MLS account: Access to MLS is key (the nationwide multiple listing service). Finding houses to flip becomes much easier when you have access to an agent’s MLS compilation of houses in specific region, as well as for use in your comps when you submit an offer.

Additionally, their free service gives you some solid information on homes as well as foreclosures that are on the market for sale. Oftentimes the real estate agent will run comps for you at your request. But better yet, a good real estate agent you develop a relationship with may give you access to their MLS database so you can do it on your own. Of course don’t forget to mention just how much time you will be saving them.

Return the favor for them: And while you are busy looking for potential house flip properties, keep your eyes open for opportunities for them as well. Attempt to help them make more money by passing them qualified referrals. Always give more than you receive, then when you have asked for what you want, make sure you are ready to receive it when it comes. It’s not only smart business, it’ just good karma.

Explore mentorship opportunities: Sometimes a real estate agent will also be an experienced house flipper. The two business avenues work very well with one another. The agent is already in the field and they have insider information regarding properties throughout a chosen region.

To find out more about flipping houses, as well as house flipping mindset by clicking this link.

Property Investing – Is It for You?

July 11, 2012 · Posted in Real Estate · Comment 

There are various investments in this point in time. The most frequently recommended for making millionaires around the world nevertheless is real estate investing. Even in the area of real estate there are many various investment designs. Each and every type entails various degrees of threat with respect to the trader.

If consideration will be taken, there is a type of real estate investment that is best for most people. It is unfortunate though that there are many people in which say real estate will never be a good investment.

Those people who are simply not cut out for real estate investing are those who like to watch the ticker move across the pc monitor or perhaps television screen revealing the value of their portfolios on a regular basis. People who need to see in print the details of their investment procedures instead of those who are contented to sit down on their own investments while they take condition or those who find themselves ready to make an effort to work so as to make their investments pay back.

Buy and hold real estate involved acquiring home and keeping it for a number of years while the property’s value appreciates in benefit. This implies someone who is quite savvy when making acquisitions or really lucky for the most part. Moreover however, it requires anyone who has the patience and determination to hold onto their investments for a long time of your time.

Rental properties are another really good approach to earn money for those who are ready to deal with any long-term property purchase. In this form of investment cash is made monthly to either pay out or bring about the home loan and funds can be created once the rentals are paid for as well as sold later in order to get a more full and complete profit from the endeavor.

www.propertymillionairemaker.co.uk – stop by this site to get started with real estate investing.

A Guide to Foreclosures in Bothell Washington

May 27, 2012 · Posted in Real Estate · Comment 

I’m a Licensed Real Estate Broker, and the president of Washington Realty Source. I specialize in selling foreclosed properties. I’ve helped hundreds of people save money on these types of homes, and I’ve become familiar with some of the most common questions that people have about them. I’ll begin by going over some of the things that surprise most buyers, and then I’ll wrap up by quickly going over each type of foreclosure that you’re likely to find in Bothell Washington.

First, the things that most people don’t expect:

3-7 day response time is normal. If you write an offer to a private seller, they will likely answer you tomorrow if they’re in town. If you wright an offer on a foreclosure, expect to wait. In fact, I wait a week in many cases to hear back from Fannie Mae or Freddie Mac on their properties.

Foreclosures are sold as-is. If you wright an offer on a foreclosure thinking that you will be able to negotiate a lower purchase price based on the inspection findings, you will be let down. They are also not likely to repair the home unless required to do so by your lender, and even then they’re not obligated to do so. This could mean that you lose the home if you don’t have cash available to make the necessary repairs.

No, I’m sorry, there are no keys to your mail box and I don’t know where the garage door opener is. When a home lost in foreclosure the last thing people think about is “where should I leave my keys?” Thankfully, universal garage door openers are cheap and easy to get. And since locked mailboxes are usually found in condos and planned communities, you can usually get a copy of your mailbox key from the president of the H.O.A.

Foreclosures in Bothell Washington come in four different varieties for the most part, and they are:

Fannie Mae properties are best know for having their own financing options available, and for allowing for down payments as small as 3%.

Freddie Mac homes usually include a 2 year home warranty that’s paid for by the Seller.

Bank Owned Properties include homes listed by Bank of America, Chase, Wells Fargo and many others. They are usually sold as-is as well, and are lumped in with foreclosures since they are “foreclosed homes,” and because they offer the same level of savings that you would get from other foreclosure properties.

HUD Homes are not foreclosures. They’re foreclosed homes, and they’re owned by the federal government, but as Real Estate Agents, we are not allowed to refer to them as being either foreclosures or government owned (these are HUD’s rules, not mine.) These homes are nice because in some cases they come “insured with escrow.” This means that HUD has already done an appraisal and that the home is worth what it is marked as long as certain repairs are completed. This basically means that you do not have to worry about a home failing a lenders inspection and the loan falling through as might happen with other types of foreclosures.

Despite the speed bumps that come with these types of homes, they still represent substantial savings of $20,000 vs buying a home from a private seller. In Bothell Washington, these are frequently the best deals to be found.

Nick Bert is the owner of Washington Realty Source, and he specializes in helping First Time Buyers and Investors quickly and easily locate the best deals on Snohomish County Foreclosures. You wont want to miss his sought after Bothell Foreclosures List which features unheard of deals on some of the hottest properties in Bothell, WA.

Guide to Multi-Family Property Investing

February 13, 2012 · Posted in Real Estate · Comment 

Multi-family homes are residential properties with multiple separate housing units just like an apartment building. This type of home can be a good property investment especially for retirees because it generates high profit from its multiple units. Since there are many types of multi-family homes, an investor should sit down with his/her thoughts on important aspects regarding the investment like location, profit, amenities and tenant background.

Here are the following reasons why Mesa Arizona Fourplexes is to be considered instead of buying a house:

Buying a multi-family home is definitely a wise choice during these economic times. Although the buying process is almost the same with purchasing a home, there are differences on the things that should be considered first before buying specific type of home or property like the price and your needs.

With the growing economy, almost all people want to spend most of their time outside not only for recreation reasons, but also for business purposes. Multi-family fits perfectly for these individuals who want a fast-paced, convenient lifestyle in a small space that is not really difficult to maintain. The benefits are endless especially that you are living in the city. However, expect a peaceful environment unlike living in a house, condos are usually quiet because rules are strictly imposed.

Since multi-family maintenance fee is paid by every resident in the condominium complex, you can be sure that lawn care, drive-way, handymen, and amenities such as a pool are fully maintained. Property taxes as well as some form of insurance will be paid by the potential owner, however. Check with your real estate agent about all necessary regulations before investing in a multi-family home.

There are things new home buyers need to consider prior to buying one unit like price, actual size of the unit, the floor and the on-site amenities. So, find out about multi-family investing because even if the price is less, there might be more to the monthly mortgage payment though the cost is lesser compared to buying a home.

Invest in multifamily homes at Calabasas California Homes. Also, take a look at Chicago IL Real Estate for more real estate investing information and more property options.

The Legal Way To Find The Cash To Buy A Home

February 12, 2012 · Posted in Real Estate · Comment 

The commitment of down payment assistance programs to provide solutions to potential homeowners has helped a lot of people and perhaps this is the main reason why more and more people from around he world can have their own homes.

Home owners who wanted to buy a second property especially as an investment, but could not afford to do so are also eligible for these down payment assistant programs and not only for first time home buyers. Applicants for these programs must always check the property that they want to buy, the neighborhood as well as the appraiser so that the transaction will go smoothly.

Individuals who want to own a home but can’t afford should be proactive in finding these kind of grants from mortgage companies. This is the reason why more and more people are eager to have their own home because of the existence of these assistance programs.

Although a particular grant or real estate assistance can offer on a certain amount for your down payment, you still need a home mortgage loan. The amount may not be that big, but it can reduce the total money needed for the closing cost. And if we are going to take a look at government real assistance programs closely, you will see that they are different from loans because the money provided never has to be repaid. In loans, it comes with interest and repayment terms. This is the big difference.

Assistance programs or grants can help an individual purchase a property from Santa Monica CA Homes For Sale. Not only that, these grants can be also used as for home repairs and improvements. There are many other real estate down payment assistance programs available for individuals through government and private organizations. Some can be used for home repairs or improvements while others can be used for down payment assistance. The good news here is that the applicant can apply for multiple grants at the the same – assistance for down payment and money for repairs.

What’s nice about these assistance programs is that they equip applicants with information necessary for home ownership. They don’t only provide information, but also give advice to aspiring applicants and potential homeowners like choosing a home warranty, legal information and other helpful information to help the individual pay on time or in a shorter period of time. Experts who work on these companies are most eager to help everyone who wants to own a home and provide information on how to repay the loan with any trouble.

Do you want to buy your own home from Murrieta California Homes For Sale but don’t have enough cash? Do your homework and consult your agent to guide you in applying for a grant. it might seem impossible but you can purchase your dream home from Wisconsin Real Estate with these assistance programs.

All You Need to Know related to Investing That Will Help You Grow Your Wealth

January 15, 2012 · Posted in Investments · Comment 

If you are going to enter into the arena of investing, you may have to think about a few points and thoroughly go over them. One of these is the amount of cash you are ready to invest. If you place your money on bonds, mutual funds, options, or stocks, you need to have a certain amount for you to invest in a unit or open an account.

When it comes to financial investments, two kinds of units are commonly traded on the market – short-term investments and long-term investments.

The primary difference between the two options is that short-term investments are designed to provide considerable returns inside a fairly shorter period time, whereas long-term investments are meant to become mature for several years or so and features a slow but progressive increase in return.

If your primary aim as an investor is to improve your wealth or keep the purchasing power of your capital over a period of time, then it’s essential that your investments must grow its valuation that somehow keeps up with inflation rate. Possessing a good mix of equity shares and property investments could well be a great long-term strategy compared to having just fixed-term investments.

You need to spread your investment portfolio all over numerous types of investment instruments to enable you to appropriately lessen your risk. It is an example of application of the phrase “Don’t put all your eggs in a single basket.” The many investment products available these days are becoming more and more complex as large and institutional investors trying to beat one another.

As an individual investor, you only need to invest on something you’re comfortable with and not on products you do not comprehend. You have to be clear with your investment criteria because it is essential in evaluating your options. When you are doubtful, the perfect course of action is to obtain helpful advice.

Amazing tips on investments are available that will help you start building your wealth.

All You Need to Know about Investing That Will Help You Grow Your Riches

January 15, 2012 · Posted in Investments · Comment 

Whenever you are going to get into the arena of making investment, you may want to think about several factors and carefully think them over. One of them is the amount of cash that you are willing to invest. Whenever you put your money in stocks, options, mutual funds, or bonds , you will need to come up with a specific amount so as to acquire a unit or open an account.

When it comes to financial investments, two kinds of products are commonly traded on the market – short-term investments and long-term investments.

The main difference between the two options is the fact that short-term investments are supposed to give large returns in a relatively shorter period of time, whereas long-term investments are designed to become mature for a few years or so and features a slow yet steady progressive increase in return.

If your objective as an investor is to increase your wealth or retain your capital’s purchasing power over a period of time, then it’s crucial that your investments must grow its valuation that somehow keeps up with the rate of inflation. Possessing a diversed portfolio of property investments or equity shares is arguably a good long-term strategy as compared to having just fixed-term investments.

You must have an investment portfolio that is spread spanning different sorts of investment products so that you can efficiently lessen your risk. It is an example of application of the phrase “Don’t put all your eggs in one basket.” The many investment products available these days are becoming a lot more complicated with huge and institutional investors trying to surpass each other.

When you are an individual investor, you simply need to invest on something you are comfortable with and not on investment products that you do not comprehend. You have to be clear with your investment criteria since it is vital in weighing your alternatives. When you are in doubt, the right course of action is to obtain helpful advice.

Read some of the valuable tips about investments and start building your wealth towards prosperity.

Is It Better to Buy or Rent?

January 7, 2012 · Posted in Real Estate · Comment 

Home buying doesn’t just start with paying the down payment and end with your monthly mortgage. You still need to pay other upfront costs like home insurance, closing costs, filing and other miscellaneous fees. Another thing to consider is the cost of maintenance, one of the major factors that determines whether or not an individual will choose buying buying over renting.

You want to have a home as much as everyone does, but you don’t have to join the bandwagon just because everybody is buying. There are some things that you have to do like weigh the pros and cons of home buying. Home buying should not only depend on the idea that your neighbor just bought a home. It must depend on your financial situation, your lifestyle, and your capability to pay the monthly mortgage without being too tight on other living costs.

Although today is a buyer’s market, there are still a lot of considerations that you need to mull over before you decided to buy a home.

Buying your dream home is a once in a lifetime experience. Considering that buying home is a big investment, home buyers are more likely to be very hesitant and meticulous in choosing a home. Most potential buyers are scanning through every type of homes every now and then from every real estate website or MLS listings online.

If you are thinking of buying a home then think that it is just like putting your hard-earned money on the lucrative business of real estate. Some think that home buying is a very risky business. Well, it is especially for those who don’t have any idea about how the real state market world revolves.

There are tax credits associated with home ownership, this does not guarantee an increase in property value. What is important is that you have to know that actually you have options other than renting.

Consult your real estate agent when you are thinking of buying a home from Davenport Florida Homes. They can give you valuable real estate information. For more property options and real estate information and tips, you may visit Chicago Illinois Homes For Sale.

Easy Ideas You Can Use To Stage A House For Sale

January 2, 2012 · Posted in Real Estate · Comment 

Although most hire a stager to make sure the house will sell, home staging is for everybody. Home staging might sound like an overwhelming task, but when done properly it can be done easily and successfully. Who says that only a professional home stager can do the job?

Home staging aims to sell. It is all about aesthetics, design, and comfort as a way to prepare a house. It makes a home stand out among the other homes sold in the market. Home staging is proven to sell a property quickly and profitably. It can also reduce the stress in the upcoming move because it involves editing, eliminating and de-cluttering, which allow you to have less time spent in packing.

A home can create an atmosphere of peace and tranquility. It means creating a particular lifestyle for potential buyers. There is no use for price reduction even if you reduce your price to thousands of dollars and yet there are still too much furniture and clutter. Take note that the ‘wow’ factor is not only about the low price but the amenities your home has to offer.

You will surely increase the number of interested buyers if you neutralize the color, decor, and furniture. Buyer’s appeal is giving buyers permission to make your house their home so eliminate your personality on the house. Moreover, staged Antioch homes allow a buyer to see themselves and their stuff in the home itself.

Realtors or agents just love showing properties that has been staged. They believe that a home that has been staged shows betters and attract more buyers. Home staging is a powerful marketing tool that has been shown to sell a property for a higher profit and in a shorter amount of time even with a minimal staging.

One tool that home sellers and even agents suggest to make a home ‘stand out’ is home staging. In selling real estate properties, you always have to do some rearranging to make your home look attractive whether you are expanding or downgrading it as your retirement home. So get your home staged now because home staging is a benefit and definitely an asset to your business.

Home staging has principles you can incorporate in selling Purcellville Homes to ensure a fast and profitable real estate deal all year round. Before selling Odessa TX Homes for Sale, make sure it has been staged properly.

Beginning Investors – Listen To The Real Estate Pros

December 17, 2011 · Posted in Real Estate · Comment 

It’s an unfortunate fact of life that regardless of where you go, you are sure to encounter cynics and pessimist. Whatever it is that you hope to accomplish, these people will be ready with discouraging words. This goes double when one is talking about money – since most people don’t have as much of it as they would like, or any idea how to acquire more, it’s easy to become jaded, believing that financial success is impossible for those who are not already wealthy.

It is a common misconception that today’s real estate market is in such an irreparably dire state that one would be a fool to start investing in properties. If this were true, however, why would people still be doing it? Real estate investors continue to make money every day; if you believe otherwise, you’ve simply been talking to the wrong people.

Sounds easy doesn’t it? Yes it does. That’s because it is. It is very easy to find a person who knows how to make money by investing in real estate, find out what has worked for them, and apply it to your own life. If it’s so easy, you might be tempted to say, then why isn’t everyone doing it? And that, my friend, is the meat of the matter. Everyone isn’t doing it for two reasons. The first reason is that they’ve simply been told all their lives that success is very, very difficult. In fact, they’ve been told, because of the scarcity of money, success is almost impossible.

Most people are scared of trying to make money, based on cynicism and negative hype.

Secondly, most people do not become successful investors because they overcomplicate things. Successful investors follow a systematic plan, allowing their wealth to steadily grow. They do not risk it all to make a quick buck off of some dubious moneymaking scheme. Most people do not have the discipline to forego flashy scams and persevere on the proven path to wealth. The adrenaline rush of making a gamble is certainly tempting, but those who succumb to this temptation frequently end up worse off than they were when they started.

The media caters to those who want instant gratification and excitement. Think about it; when you pick up a newspaper, or turn on the television, the headlines of the day are invariably gruesome stories of death and destruction, and that’s because that’s what sells. It’s a strange quirk of human nature: the vast majority are all too willing to believe that the world is a harsh, cruel place, where one’s best efforts will always go unrewarded.

The good news is, it doesn’t have to be.

If you want to succeed, the first step is to break through the wall of cynicism that you’ve more than likely developed as a result of a lifetime of listening to media sensationalism and the pessimists you encounter in your day-to-day life. You need to start listening to the people who know that success is possible, and, furthermore, know exactly what one needs in order to achieve it. These folks will tell you that in order to make money in real estate, you’ll need to formulate a systematic plan, and you’ll need to stick to it. Why would you listen to those who haven’t found success, when you could be getting the facts straight from me and others who have made money as real estate investors. Think about it.

Alexandria Page Anderson is a licensed Minnesota real estate agent that utilizes the Minnesota MLS to assist her clients to locate and buy Minnesota real estate.

Make A Better Investment By Using A Commercial Mortgage Broker

November 28, 2011 · Posted in Finance · Comment 

A commercial mortgage broker will be very important when you are thinking about purchasing any kind of commercial enterprise. The broker is the person who is going to assist with location, the interest rate for your mortgage loan and finding the lender who can offer the very best terms. He or she are often a big asset to just about any business, and can offer you access to property that might offer a good return on your investment, and also find the appropriate loans that save you money.

When you choose to make an investment in a commercial property, it will be vital that you obtain property in the ideal location. This will make certain that the property is going to appeal to tenants who are going to be timely in their payments. This is where a commercial broker having the best knowledge of the area should be useful. There are actually brokers who even specialize in specific properties such as retail or shopping malls, even while others might choose to do deals on manufacturing establishments or business office space. This type of specialization can very often make a lot of difference to the final selling price.

Most property deals are done after getting loans to back up the start-up funds the investor has. The terms of the loan can more often than not make the difference between an excellent and poor investment. A good commercial mortgage broker will know the appropriate loan providers who will provide the ideal interest rates and can negotiate terms for the loan period, up front payments and regular payments that are required by the loan. Nearly all effective brokers have their own group of loan providers with whom they’re able to negotiate the very best terms that will fit a business.

Commissions have to be given to mortgage brokers for finding the property and arranging the loan with dependable lenders. Well before any decision is made on a mortgage loan it can be better to make inquiries in the market in order that it can be established that the rates offered are those that are typical in the marketplace and aren’t affected by the relationship between the broker and the lenders linked with him.

The best commercial broker needs to have the ability to present you with a preliminary evaluation of the planned transaction. The broker will need to additionally be able to make a comprehensive package presentation that must include the finances needed, the funds that might be borrowed and also the costs of such borrowing.

Whenever you are concluding a package that has come to you through a commercial mortgage broker it’s best to have the proper attorney to ensure that all aspects of the transaction are based on the law. This may mean vetting of all of the documents for the property to make certain that they are in order.

If you’re looking for a commercial mortgage broker, be sure to visit commercialmortgage-broker.com for help. Jeremy also writes about fantasy football tips.

Investing Into Real Estate and Retiring Rich

November 19, 2011 · Posted in Real Estate · Comment 

We all save up money for retirement. But money isn’t enough. Some financial advisors are estimating that even $1 million dollars worth of retirement money may not be enough to pay for all of your bills for the next 20-40 years that you will be around after you retire.

What you need to do is to have is a consistent cash flow. You need to convert your pot of money into something that pays you ever month with little or no work involved. That way you will not run out of money even if you somehow manage to life forever.

As a side benefit it will also give you something to leave to your children. If you just use up your retirement money you may have little or nothing to leave your children after you die. But if you convert it into a cash machine it will still be around long after you are gone.

One thing that you can do to get a cash machine would be to invest into real estate. By investing into real estate you get everything that you need in order to live a nice financially free life, just as long as you have the money to invest into it.

Here are 3 excellent Real Estate investment strategies to help you convert your retirement money into cash flow.

1. Buy an Apartment Building

By investing in apartment buildings you are already creating a mini real estate empire that pays you every month. You can also people to manage it for you and pay them with some of the rent. This way you are pretty much set for the rest of your life.

2. Buy Billboards

You may have to jump through some hoops if you want to invest into a billboard. However once you have the billboard up they can make you a lot of money. Everyone needs to advertise and one of the best ways to advertise remains billboards.

Billboards have been around forever and advertisers still spend money on them, this means just by owning a billboard you are going to be making a lot of money.

3. Investing Into Storage Units

We live in a world where people buy more then they need. There are a lot of hoarders out there and many of them need more room to put all of their stuff. This is where storage units come in. They will give people that extra space in exchange for a monthly fee. This fee becomes just another monthly bill for most people.

You need to get a good storage unit in a good neighborhood and do some advertising, but you will find that owning a storage unit can be very profitable.

Investing in real estate can be a great idea and build your wealth over the long term.