How Can I Finance My Next Real Estate Deal?
If you are in the real estate investing business and looking for financing for your next real estate deal, you may have a difficult time, given the current state of the credit market. However, all is not lost, as you may want to consider securing a hard money loan. Hard money lenders are financing companies that use real estate as collateral. In other words, the real estate you plan to purchase for your investment property will back the loan. Most hard money loans are secured for non-owner o... Read Full Story
Top Five Things to Avoid When Flipping Houses
Does the idea of flipping houses sound exciting and lucrative? For many individuals, the thought of flipping a home and making a mammoth profit for only a few months’ worth of work sounds too tempting. The problem is that if you don’t know what you are doing, you could easily lose in the house flipping game. Regardless of what late-night infomercials want you to believe, there is no secret to house flipping, and it takes great skill to flip a house to make a tremendous profit. Flipping real ... Read Full Story
How to Wholesale Real Estate
You may be familiar with the term “wholesale real estate,” which is used to describe distressed properties that are bought, rehabbed and then sold. However, what exactly is wholesale real estate, and how can you find these properties? Wholesale Real Estate 101 Wholesale real estate is a general term used to define real estate that is owned by motivated sellers looking to unload their properties. A wholesale property may need extensive repairs, may have a notice of default, or may be REO or ... Read Full Story
What are Bank Owned Homes and REO Properties?
Bank-owned homes, also known as real-estate-owned or REO properties, are homes which are owned by banks as a result of the foreclosure process. With the glum state of the nation’s real estate market, there are certainly plenty of opportunities for both investors and homeowners seeking REO properties. Because most lenders have far too many of these REO properties on their books, they are anxious to sell them, often for below fair market value. Bank owned homes could be a prime opportunity for ... Read Full Story
Profiting From Government Tax Foreclosures
In today’s economy, many real estate investors have found that there is lucrative money to be made on government tax foreclosure properties. Government tax foreclosure properties are essentially properties that have a tax lien against them. Tax liens, which take priority over any other types of liens, are usually a result of a homeowner not paying his or her property taxes. When this happens, a lien is levied by the county, and the tax foreclosure properties are sold in an effort to collect t... Read Full Story
How Can a Short Sale Stop Foreclosure?
stop foreclosure
For many homeowners facing foreclosure, a short sale may be a viable way to stop foreclosure. To understand the premise of a short sale, it is important to first analyze the circumstances under which so many homeowners essentially owe more on their mortgages than what their homes are worth. Why Homeowners are Underwater in Their Mortgages During the real estate boom a few years ago, home values across most of the country skyrocketed. Many home buyers purchased homes during this time, often w... Read Full Story
Rehabbing Houses in a Shaky Market
The mantra for rehabbing houses in today’s tough housing market may be “buy and hold.”  In other words, it may benefit you to buy a home at a good price and hold onto the property until the market shows signs of rebounding. The bottom line is that there is money to be made rehabbing houses in today’s real estate market if you follow the rule of “buy low and sell high.”  With that said, home rehabbing, even in the glum housing market, is possible, and can even be quite lucrative, if you follow... Read Full Story
Five Steps to Stop Foreclosure Process
There are many ways to stop foreclosure, and by learning about the strategies you can implement to keep your home, you can avoid becoming yet another victim of a home foreclosure process. Throughout the foreclosure process, it is important to remember that your lender is not your enemy! In fact, the vast majority of lenders want to stop foreclosure as much as you do; the costs for foreclosure from a bank’s perspective are very high, which does not bode well for strengthening their bottom line... Read Full Story
Top Ten Real Estate Investing Secrets
real estate investing secrets
Don’t let the stagnant housing market stop you from considering real estate investing. By incorporating timeless real estate investing secrets, there is always money to be made in the real estate market. Real estate investing secrets are tried and true rules by which the most successful real estate investors live. It is possible to invest in real estate in today’s market, and it is certainly possible to make money in today’s real estate market; you simply must do your homework, incorporate re... Read Full Story
Hard Money Note Buyer - How to Leverage Your Success
When you’re trying to buy and sell as many properties as you can get your hands on, sooner or later you’re going to be faced with the reality that without additional cash, your real estate investing career is going to come crashing to a halt. A good hard money note buyer can put much needed cash in your hands today so you can get on with the business of buying more properties. If you’re carrying the financing on one or more of your investment properties, you’re all too aware that buyers aren... Read Full Story