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Property

Investing in Foreclosures – What Is the Best Method?

If you are new to the concept of investing in real estate, you would do well to learn more about investing in foreclosures. Before you get started, however, you need to get a realistic look at what is involved. The first and most important thing you need to know is that foreclosure investing is not for beginners. The profit potential associated with this investment opportunity is huge which is what makes people new to real estate so intrigued by it. If you have a few years of experience in real estate investing, this could be the right time for you to get involved in foreclosure investments.
There are three ways of investing in foreclosures. The first is buying pre-foreclosure. This is when you buy the property from the owner who as defaulted on their loan before it goes into the auction phase. This is a mildly risky option because of the things that can go wrong. The homeowner may disappear after making the deal or in their desperation they may lie about the condition of the property and the neighborhood in which it exists. If you fail to check out unpaid utility bills or property taxes, these become your responsibility once you buy the property.
The next option is to buy at auction. This is the riskiest choice because at the auction, you do not have a real estate agent backing you up. You have no escrow, no title report, and no title insurance. In most cases, the sale must be made entirely with cash and you usually have only a week to a month to raise the funds, all without ever seeing the property first. Sometimes, occupants will vandalize or steal property from the home before they leave in a last-ditch effort to relieve their frustration of being evicted. None of this is in your favor when investing in foreclosures.
The final choice is to buy from the lender after the auction. This is only a possibility when no investors bid in a foreclosure auction. When this is the case, the property falls back into the ownership of the lender. This is safest option of investing in foreclosures. A property at this point is known as repossessed or real estate owned. Many times, you can get the property for less this way because the bank will likely be eager to get the property off their hands. Plus, if anything goes wrong, you can take legal action against the lender instead of chasing a disappeared former tenant.…

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Land For Sale

Learn the 3 Steps to Successfully Investing in Real Estate Today!

During the boom period of real estate from 2002-2006, there were a lot of players in the real estate investing arena. The sad part is that many of these people really did not understand how real estate markets work!!! Also, they did not understand how to effectively invest in real estate. What many of them did during this period of time was to buy a property for top dollar today banking on it being worth more tomorrow when they sold it. The flaw with that approach to investing is that it does not work in down markets or in stagnant markets. It is not an approach that is sustainable in all real estate markets. It is more speculative in nature than anything else. Therefore, there are a lot of people who were hurt financially from the down turn in property values when the real estate market changed, because they owed more than the property was worth overnight.
A comprehensive understanding of real estate market shifts is crucial to staying a head of the curve in real estate investing. Even more important is understanding how to successfully invest in any real estate market. No matter, if it is up, down or stagnant, you can make money investing in real estate if you remember one key thing, you make your money when you buy, NOT when you sell!!!
With that having been said, let’s go through the three steps to successfully investing in real estate in today’s economy. Before we get into the steps though, we need to make sure you understand the situation we are in right now. Lenders have tightened their lending criteria, thus there are fewer and fewer people who can qualify for financing in this current market. Also there is a backlog of literally thousands of properties that need to be, pending, or have been foreclosed on throughout the nation. Translation is that we have tons of discounted and distressed properties and a limited number of buyers to buy them.
What does that mean to us as real estate investors? Well, we need to find the buyers first, then the properties and then make offers on these properties. Let’s go into more detail on what I just said here.
The first step to successfully investing in properties today is to find and qualify the buyers. The people who have the money or who can qualify for financing are the people we want to focus our efforts on. We want to gain knowledge in what they are looking for and willing to pay for that property.
Next, we will take that information out and start looking for properties that meet their criteria. We will find a plethora of properties that will meet their needs. The property and the numbers associated with this property will need to be evaluated in detail to see if it is a true fit or not.
If the property meets the buyers needs and the numbers work for them as well as us, we can then prepare and submit an offer on the property. No matter what is going on in the mark in the near future, we are running the numbers based on today’s fair market value, with deductions take for costs associated with acquiring and holding this property, repairs, and even profit. As you can see, we will have enough room built into the deal when we buy that we can sell for smaller profit or worst case scenario break even if the market shifts drastically downward. However, the best case scenario is that we can make a great profit on the property if the market shifts upward. Either way, we have structured an offer that helps us make sure we make money when we buy and possibly even more when we sell.
In conclusion, the three steps to success in real estate investing today are to find and qualify buyers, then find properties for these buyers, and then structure the offer based on today’s prices with the total costs associated with the deal subtracted. It is the most effective and efficient way of doing deals in this real estate market. You will find consistency in the process and the number of deals you can close within a period of time. Oh and it will considerably reduce your stress load too. After all, you no longer will have to worry about whether you will find a buyer in time or not. It’s now time to work smarter, and not harder.…

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For Sale by Owner

Bulk REO Investing

With the record number of foreclosures announced in the media, the opportunities are endless. One of the areas with great potential for profit is buying and selling bulk REO real estate owned foreclosure property. You may wonder what that is, let me break it down a little. Bulk means that the property is not a single piece, but a package of multiple properties.
These properties may consist of a block or even a neighborhood. Buying in bulk means saving, weather it is nuts and bolts or real estate, bulk usually means savings. REO stands for real estate owned. This property is still unsold after going through a foreclosure auction, a bank or mortgage company owns it.Understanding what bulk REO real estate owned foreclosure property is one thing, but why should you be interested in investing? Let me give you a few reasons.
1. Price – The price of these properties is much lower than the average market values. This provides an great opportunity for profit!
2. Lien-free – The sellers of the bulk REO real estate owned foreclosure property tries to make it as attractive as possible, which means the removal of existing lien from the property. This also lowers an investors risk in purchasing.
3. Less Work – Because these properties have already been through the foreclosure process and auction, they have already been appraised. This is one less task that needs to be done, saving both time and money. Often to lure buyers that bank or mortgage company will have already done needed repairs and improvements to the property prior to the failed auction, which less work for you as an investor. REO have also already been through the messy and time-consuming process of evicting the previous residents. There is also no auction to deal with as an investor can make an offer at any time. That means following your own investment schedule.
4. Less Competition – The fact that most people are unaware of bulk REO real estate owned foreclosure property provides for very little competition. Fewer competitors mean better prices and opportunity to obtain attractive and lucrative properties.
5. Inspection – Unlike many other foreclosure properties sales, bulk REO real estate owned foreclosure property provides an opportunity for inspection before you invest. This is an important feature because you have good intimate knowledge of the properties before you invest you money.
There is money to be made in this exciting field of investing.…

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Contractor House

Exhausted of Investing Money in Bonds and Stocks? How About Real Estate?

Are you one of the many people that have invested a small or large sum of money to countless stocks, bonds, or mutual funds? Has this subsequently increased money in your wallet, or has it only increased levels of anxiety? When people think of investment, they automatically associate stock market, bonds, loss of money. However, there are a number of entities that one can invest in. You may be surprised how many people invest in Real Estate despite the recent market crash. In an ever changing economy where stock markets and bonds are dropping at over a hundred points a day, Real Estate might be a great opportunity for safe investment. Why you may ask? Simple. Real Estate is necessary. Population is always increasing, and with that, the housing market is always in demand.
If you may be one of the few or lucky that investing in stocks and bonds have proved successful, then why is investing in Real Estate a better opportunity? First and foremost, whether the economy is in a recession or in economic good standing, the stock market will always fluctuate. Unforeseen problems within a business can always arise, and thus money invested in stocks and bonds is unpredictable, risky, and sometimes unsuccessful. Real Estate on the other hand, has a number of benefits:
First, inflation does not hinder the housing market investing business, only enhances the potential money to be made.
Secondly, constant cash flow. Although a stock pays dividends, the stream of income coming in from a Real Estate Investment exceeds the dividend yields on average. Moreover, the investor in real estate has less to lose. If and when your investment properties encounter a downfall in homes being sold, typically, properties monthly rent will stay constant.
Thirdly, as history proves, profit will increase due to appreciation. Within the last sixty years, research shows the ever increasing amount of an average person’s home in the economy. As the property value keeps increasing, so will the appreciation, and so will your investment profit.
A fourth incentive: tax benefits. As an investor of real estate, you qualify for a number of tax incentives: depreciation with no-out of pocket costs, tax deductions such as property, mortgage interest, and repairs for those who qualify, and according to the IRS, investors can sell properties without paying capital gain taxes as long as they exchange them for others of like kind (section 1031). Investing with IRA.
Need another incentive? Return on Investments. Often with stocks and bonds, finding out your ROI can be challenging. On the contrary, with investments in real estate, there are more ways to realize a greater ROI. Often times, return on investments can be 8%-12%. The higher the return, the better!
We are Real Estate Solutions Group located in Jacksonville, Florida. And we are helping investors all over country to invest in the housing market. If you are looking for an opportunity to invest in property but not sure what property to buy and where to buy, call us! Investing in the industry in Jacksonville is easy and safe. We buy distress properties, such as Short Sales and Foreclosures, for 30-60 cent’s on the dollar. What does this mean for you? Your investment with us has equity from day one!
Real Real Estate company should offer a full line of services for Investors, such as:
• Find homes and potential properties
• Renovating the properties
• Finding management companies, landlords, and tenants to care for the properties
We will do everything! Just sit back, relax, and anticipate your secured monthly income
Spending time, money, and increasing your stress due to lack of success in the stock markets is not needed. Real Estate Investment has proved successful and has benefited countless people in terms of cash flow, tax deductions, and increasing appreciation. The investment opportunities for some people has proved to be so successful that there incoming cash flow is not their second income, but their only income. No longer do you have to anxiously check the stock market every day to see the rise or fall in stocks, invest in Real Estate!
LEARN MORE ABOUT REAL ESTATE INVESTING OPPORTUNITIES!…

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Contractor House

10 Tips for Investing in Real Estate

Would you like to arm yourself with the 10 best tips for investing in real estate? You will be able to avoid making mistakes that a lot of new investors do, and also some by veterans. Read on for more information.
Tip 1 – Research on the property you want to buy. Do some checking on the property values, inspect the property, and go and check out the location itself if able. Nothing is worse than paying for an unsavory unit at a bad location.
Tip 2 – Always make clear your offers. Don’t assume that people will not be willing to accept, and if you do not try asking you will never know, will you?
Tip 3 – Always increase your network of buyers and sellers. Just because you have many prospective customers or leads, it doesn’t mean that your deal will close with them, so, always make friends.
Tip 4 – Consider all your available choices. For example, if you have a property in mind, why must you only rent when you can consider buying it or leasing? Or how about a deal which looks great for an overhaul/rehab, but a wholesale might be a safer option. Always look at all your given choices and then make up your mind, on which one would be the most lucrative and good option.
Tip 5 – Surround yourself with positive people. Nothing is worse than negativity bouncing off you when you are going through the whole property buying process, as these people will probably give you a tough time. People who appreciate and value your work will want to work with you and it is definitely simpler dealing with them.
Tip 6 – Do not hesitate to ‘Walk Away’ from a deal when needed. If the buyers or sellers are being tough and making things difficult, and want things done their way, just ‘walk away’ in closing. They will come back to you if they really need your services.
Tip 7 – Make your investment tactics varied. Do learn all you can about different tactics: wholesale, assignments, house flipping, lease and purchase, and others. Once you have all the tactics down pat, you can be sure you will also be earning a lot more.
Tip 8 – Always have a contingency plan. Make sure that you have a backup plan, that’s always the best decision to take, as we can plan, but things don’t always go the way we plan. To earn a little is still earning, even if it does make your profit margin smaller, making something is better than making nothing at all.
Tip 9 – Budget, Budget, budget. Always stay on your allocated amount, or even better, UNDER it! There are always unexpected costs in real estate, for example your air conditioning unit could need fixing, a roof leak, a sudden inspection for your building, and other costs such as marketing and closing.
Tip 10 – Make sure your investments are wise. When receiving a deal, do consider the pros and cons, and research as much as you can about it. Remember that there are a lot of deals out there and don’t just settle for any deal which lands on your lap. A good investor will have a mindset that knows about the varied deals in property.
That said, it is also a good tip to know what are the things that we should not do in this exciting field. Do check out the other tips because knowledge is the key to growing.…

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Condos For Sale

Simple Tricks To Use When Investing In Real Estate

Most people think real estate investing is easy until the school of hard knocks teaches them how hard it is. Knowing how to navigate the market properly is going to do you well just like with any market. Make sure that every move you make has a purpose.

You should take the time to learn as much as you can before you begin a career as a real estate investor. You must learn the different strategies that are involved in this business. Read every source you can get your hands on; you can’t be too informed.

Once you make the decision to invest in real estate, establish an LLC or other such entity. This will make sure that you and your investments are protected as you move forward. Additionally, you’ll be able to take advantage of some tax benefits.

Select the type of real estate you wish to handle right at the outset. Flipping real estate property may be the best choice for you. Or, maybe you prefer rehab projects. Each type requires a different commitment when it comes to work, so knowing what you want is key to honing your skills.

Be sure to stay in a comfortable niche. It’s simple to get success when you’re doing investing if you’re able to stay focused on a certain market. No matter if you are a flipper or purchasing properties that require little money down, stick with the things you already understand.

For those looking towards putting their money into real estate, try to remember that the location is top priority. Some other factors like property conditions are able to be changed. Properties that are in terrible areas will always be bad investments. Know what you are doing and make sure to research the areas around where you live.

Select places in great locations that are safe. You want to do this so that you will get the most value for resale purposes. Also, you should only choose easily maintainable properties.

Obviously, you want any property that you invest in to go up in value. Things like properties by water or in business districts could become more important later on. As time goes on, you will get better at estimating how much the value of a property will increase by.

When purchasing rental property, it is vital that the rent you bring in meets the cost of your mortgage. This can ensure you are starting out correctly with your investments. There is nothing worse than needing to cover the mortgage yourself because the renter’s payment cannot cover it.

Property management company’s can save you time, money and reduce stress. Although they will charge you a percentage of the rent, these companies often save you money and time. The company that does the property management will screen potential renters and deal with costly repairs. This will give you more time to look for other lucrative real estate opportunities.

The information you have read about investing in real estate is vital for your success. Do not dive in before you are prepared, and make a plan on any property that you want to purchase. Following what you’ve learned in this article will allow you to be successful if you just try your best.…

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Townhomes For Sale

Tired Of Searching For Answers Regarding Real Estate Investing? Find Them Here

Real estate investing can be a complicated subject for many people, but it doesn’t have to be that way if you understand how to be successful at it. This article includes helpful information, no matter how much experience you have. Here are some great suggestions to help you begin your venture in real estate.

Do your research before you start investing. Doing so can give you a lot of useful advice about how to make money in real estate. Watch videos, get books from the library and search the Internet for all you can about investing in real estate to better your position.

See to it that you allot the right amount of time in learning how the real estate business works. This might mean that you will be cutting back on certain activities in order to make more cash. Toss that softball league or poker night to make yourself a better investor.

A key element in real estate investing is finding the right location. Things such as the condition of a given property can always be improved. Properties that are within depreciating locales will rarely be a wise investment. Before buying a property, learn about the neighborhood and any development plans for the area.

When checking investment properties, ensure the rent collected covers all or nearly all of the mortgage payments you have every month. This way, the property will almost be paying for itself. It’s really a problem if you need to dig into your own money for monthly rent since the payments won’t cover it.

Don’t buy real estate investments that are sub-par. Even if you’re thinking it’s a good price, the property could be stuck with you for quite some time because nobody will want it. You want to be certain that you can sell the property at a profit.

When you are figuring out how much the property is worth, you have to account for possible rental income. Renting a home can make you a significant amount of money. This adds up to a bigger gross profit at sale time.

Understand that your time is valuable. Though you might enjoy fixing up a property, is it the best use of your time? Would you be better off finding a better property? If you can hire someone to do a job, you should. It’s okay to make time for more important parts of the business you have.

If you are planning to do home improvements with digging involved, make sure you find out where lines, if any, are buried This prevents any fines or even serious harm if you accidentally damage a line.

People make money investing in real estate, but they lose lots of money, too. Now that you’ve read this, you should boost your chances of success. Do not let your fears hold you back when it comes to real estate investing. Keep on learning new things and you will surely make a lot of money. Share what you learned here with others so that they can use what they’ve learned to help them be successful.…