Showing posts with label Business and Economy. Show all posts

Wednesday, December 9, 2009

SiteMap For Freedom Steps With Property Investing

Home Page
Begin Real Estate Investing the Easy Way
Discover how easy it is to begin real estate investing and build wealth with property. An experienced property investor shares his knowledge and experiences with you.

How To Start
Your Real Estate Investment Guide
Use this real estate investment guide to help you get your first investment property and then move on to set yourself free with real estate investing.

Finance
Real Estate Investment Financing, 7 Tips To Help With Getting The Best Result.
Real Estate Investment Financing - These 7 tips can enthusiastic and hopeful applicant in to an long term client of any financial institution.

Statement Of Financial Position - facilitate your property finance application
Statement Of Financial Position - give your self the best chance for a real estate investment loan by having a list of your assets and liabilities.

Refinancing Real Estate Investment, Your First Step To Freedom
By refinancing real estate investment, you gain access to money that is lying dormant and put it to use.

Loan to Value Ratio - learn what it is and how it affects you
Loan to value ratio (LVR) is a ratio that the banks and financial institutions use to assess the level of debt that a certain asset should have. The LVR for property is higher than the LVR that banks

Lenders Mortgage Insurance - use it to increase your investing power
Lenders mortgage insurance is a great tool in the arsenal of any potential investor. It will help you to borrow more when purchasing property, improving your return on equity.

Line Of Credit, The Sophisticated Way To Finance Your Real Estate Investments
A Line Of Credit will give you the freedom and flexibility to repidly move towards your property investing goals.

Use Your Home Equity To Finance Your Real Estate Investments
Your home equity will enable you to begin investing in property, and then it can make you wealthy. Read on to see how.

Other Finance
Property Investment Finance
Real estate investment finance puts power in your hands. It's an opportunity to vastly multiply your return on investment and be way more creative in your wealth building.

Property Selection
Use these Property Selection Tips to Help You Find Long Term Success
Investment Property Selection is vital to your ongoing success. Use these tips to help you find the easiest to manage and most profitable properties.

Business Plan
Use this business Plan to Keep you Focused and Moving Forward
Here is a simple business plan to guide you as you build your property portfolio and wealth through investment property.

Real Estate Investing Primer
Real Estate Investing Primer - Investing in real estate does not have to be complilcated. Here are some easy strategies to begin investing in property. property investing is not a get ricH scheme.

Why Property
Why Property Investing - Compelling Reasons to Invest in Property
Why property investing as a vehicle for creating your financial freedom? Here are three good reasons to invest in property, plus several others you may not have thought of.

Financial Freedom Can Be Yours With Real Estate Investment Property
You can have financial freedom, sooner than you think. Here is a picture of how to do it.

Flipping Property
Flipping Real Estate - Follow these 7 Simple Steps to Making Money
Flipping real estate - This outline shows two ways to do it and outlines 7 simple steps to follow

Make Money Flipping Property - Discover the real way to make money property.
Make money flipping property - This articles outlines 10 principles you need to be aware of if you want to flip real estate.

Flipping Real Estate Contracts To Build Your Capital Base
Flipping Real Estate Contracts is a low cost way for beginner investors to accumulate capital.

Tips For Flipping - 7 Simple tips for flipping real estate.
7 Tips For Flipping Houses that will help find and analyze the right property to flip and avoid the mishaps.

Calculate profits flipping real estate by understanding your costs.
Calculate Profits Flipping - This article outlines how to calculate your profits for any particular flip or contract assignment by understanding the costs involved in making a deal.

Risks Flipping Property - Be aware of the risks involved in flipping real estate
Risks Flipping Property - There are risks involved in flipping real estate, be aware of what can happen and you will avoid setbacks. This article gives a typical example of what can happen.

Real Estate Bubble Aftermath -, Disregard talk of a terrible aftermath....
Real Estate Bubble Aftermath - The end of the real estate bubble has been talked up by a number of sources, but who really benifits and should you pay any attention.

Wholesale Real Estate Investing - Skyrocket your net worth $20,000 to $100,000..
Wholesale Real Estate Investing - discover how you can find and acquire large chunks of equity for cents in the dollar and skyrocket your net worth by $20,000 to $100,000 on every real estate deal ...

Software
Real estate investment software package s - Help with property investing
Real estate investment software package s can be divided into 2 groups. Those that help you before you buy and those that help you after you purchase a property.

Real Estate Analysis - How to Construct an APOD and Nail Your Next Investment
A must-read if you are working with or want to work with rental property. Learn what you need to know about an APOD, how to use it to evaluate the property's first-year performance, and how to constru

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Tuesday, December 8, 2009

A Simple Real Estate Investing Primer

Image by Casey Serin via Flickr

A Simple Real Estate Investing Primer

Adem Hamidovic

In this real estate investing primer I hape to give you a simple view into the basic principles that underlie investing in real estate.

There are a great many books and web sites devoted to real estate investing out there, but most of them concentrate on one specific area of investing. It's often hard to find a general description of real estate investing, one that lists the various real estate investing strategies and how to get started. That's what this article will set out to do.

Before beginning, you must understand that real estate investing is not a get rich quick scheme. Real estate investing can, and will, make you wealthy, but it certainly won't happen overnight and it will require work. As you perfect your technique and gain experience, the amount of work needed to gain a lot of money will reduce, but it will take effort and persistance to make it there.

If you're completely new to real estate investing then the only sort of investing strategy you're likely aware of is rental properties.

Landlording has been around since there have been houses and people to rent them to, and it will continue to be a wealth builder. In fact, most of the 'no money down' real estate strategies you hear about still include rentals as part of their plan. Still, there are other ways to make money from real estate investing out there.

The next most 'traditional' method is to buy a fixer-upper, fix it up, and then sell it for a profit. This is commonly referred to as 'rehabbing' and is a very good way to make a lot of money in a relatively short period of time. Most rehabbers won't even look at a property unless they can make at least $20,000 of profit, and this is usually within 3-4 months time. Rehabbers tend to be experienced investors with available money, or have partners who help provide any extra cash required.

But if you're just starting out you likely won't have access to large amounts of money. One way to get involved in this area of real estate investing without needing any money at all is to 'flip' houses to these rehabbers. What this entails is you going out and finding these fixer-uppers, noting all the work required to fix the place up. You then place a low offer in to the owner, taking into account the fix up price and some built in profit. Once you have the house under contract you then flip it to a rehabber for a small fee. This can result in several thousand dollars for you, without you having to spend a dime. 'Flipping' properties can be a great way to start your real estate investing career.

Another 'no money down' technique that's popular on the late night infomercials is called 'lease optioning'. This is basically a rent to own strategy that allows you to control a property without ever taking ownership of it. It's a slightly more complicated strategy that warrents its own article, but it does allow you to make money in several different ways, each without ever having to spend any of your own money. If you're not put off by longer term investments then lease options are definately worth more research.

There are other strategies that involve foreclosures and getting the home owner to sign the deed over to you, but for now I'd suggest learning more about flipping and lease options as entry-level real estate investing strategies.

How do you find properties that would make good real estate investments? Again, an entire article can be devoted to that, but there are basically two ways: you go looking for them, or you get them to come to you. The first way involves reading the newspaper classifieds and scanning the Multiple Listing Service (MLS). This is where having a great real estate agent is a must - they can get you more details on homes than you can view on the mls website, and can often let you know of great deals before they even become available to the general public.

Having home owners contact you means setting up an advertising campaign. This can involve placing ads in the newspaper, placing bandit signs at strategic locations around town, starting a direct mail campaign, etc. There are many ways to let people know that there's a new real estate investor in town, and it would be in your best interest to try each of them to see which ones work best for you.

Whether you decide to go looking for deals, have them come to you, or both, they key is to be persistant. Real estate investing is a numbers game - most of the time you won't be able to make the deal work, but every time you do it translates into thousands of dollars for you. The more owners you talk to, the more deals you'll be able to do, the more money you'll make.

I hope this article gives you a bit of an idea of what the world of real estate investing is like. There's a lot to learn out there, and all of it is very interesting. Find the area that interests you the most, then get out there and start talking to home owners. Don't be discouraged if you're getting turned down a lot - just remember that when it does pay off, it will pay off big!

Adem Hamidovic is a part time real estate investor and operator of www.ProfitPiggy.com, a website devoted to new and experienced real estate investors alike. - admin@profitpiggy.com

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Freedom Steps With Property Investing

Monday, December 7, 2009

The Real Estate Bubble Aftermath

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The Real Estate Bubble Aftermath

The End Of The Real Estate Bubble - What Does It Mean To You

Jeanette Joy Fisher

Last spring, I was invited to go to Philadelphia and participate in a "real estate bubble" discussion on Ch 8's "Money Matters Today".

Television reporters, newspapers, and media hype love scaring you to grab your attention. On the TV show, I defended the real estate market.

What's behind all this bubble talk?

Before you give any substance to warnings about a "real estate bubble", look closely at the source.

Many stock brokers jump on the bandwagon of real estate doom to get investors back into the stock market. Also, many negative reports originate from mortgage lenders who want to keep the mortgage insurance rates high and keep the insurance premiums coming in for loans on houses that have appreciated.

So, What Happened To The Real Estate Bubble?

I can't speak for all real estate investors. If my family had been scared into discounting our investments, selling out, and not buying more property in 2005, we would have lost a million dollars.

We bought and held houses.

All of our property increased by 20% - 35% and the ones we fixed increased in value even more.

In particular, for one home we paid $120,000 and spent $10,000 in repairs - within the year it appraised for $325,000.

Who profits from the real estate bubble?

Besides media scaremongers, mortgage insurance providers, and stock brokers, real estate investors make even more money. What's that? How do real estate investors make money from the real estate bubble? They take advantage of desperate home sellers scared by the media.

In January 2006, we bought an investment property that the home seller, in the midst of a divorce, discounted for a quick sale. The $340,000 property appraised for fifty thousand more than the purchase price.

Now, we could quick sale the property for fast cash, but we're in for the long haul.

The property has great development potential.

So, we'll let the tenants pay for the mortgage and maybe tear the small house down in a few years. A half acre, one lot away from a future marina near new condos, has many possibilities.

Keep the bubble talk. People always need housing.

The more you hear about the pending burst, the more money real estate investors CAN make.

About the author: Jeanette J. Fisher

Jeanette offers a FREE "How to Start Real Estate Investing" teleseminar and a free ebook, "The Truth about Making Money Flipping Houses"

Visit www.doghousetodollhousefordollars.com

Property Investment Finance

Your Express Elevator to Real Estate Investing Success

The way in which you obtain and use property investment finance can make a sizeable impact on the rate at which your property portfolio grows.

I'm sure you've heard it said before but it is absolutely true that

The golden rule in real estate investing is other people's money (OPM).

This is the most important lesson you can learn!

Yes it's true, the golden rule in real estate investing is other people's money.

Use Other peoples Money

What this means is that whenever you are buying an investment property you should be aiming to pay as little as possible from out of your pocket, and obtain real estate investment finance for as much of the purchase price as you can. This is a vital factor in real estate investment property purchasing.

"I'd Rather not have any Debt"

"I have enough money, I'd rather pay cash."

OR
"I'd rather not have any debt."

This is not the way to build your property empire.

Even if you have $100,000 sitting in the bank right now, you could go and buy one real estate investment property but with the system that I am going to show you, you will be able to acquire multiple properties and reap the harvest of exponential capital gains and increasing rents for many years to come!

Gain Leverage by Using Real Estate Investment Finance

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Monday, November 9, 2009

Real Estate Investment Analysis, decideing if a property is a good investment.

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Real Estate Investment Analysis

Deciding if a property is a good investment

Real Estate Investment Analysis allows you to quickly avaluate and compare several potential investment properties and decide which one is for you. It will help you decide if a particular property is the right investment for you.

Using figures you can easily find you can quickly determine the financial plusses and minuses related to a partilcular piece of property.

Real Estate Investment Analysis is firstly understanding the income and expenditure related to a particular investment property.

INCOME: Rental income is generally the first and only income stream most investors consider for an investment property. However in addition to the rental income you gain from an investment property your situation may warrant considering the capital gains as income.

I believe it's better not to sell...
Hint: When you want cash, consider refinancing your real estate investments - see RETIRING USING YOUR GROWING PROPERTY INVESTMENT EQUITY BASE and if you keep your real estate investment properties you are not selling your retirement plans. You will need to consult an accountant to find the details of how you can declare capital gains as income but the general principles are out lined in this article: MAKE THE MOVE FROM HOBBY TO PROFESSIONAL INVESTOR

EXPENSES: There are two general types of costs (EXPENSES) associated with owning an investment property: interest costs and holding costs.

Income - Rental Return

The first thing you need to understand about rental return on an investment property is that verbal estimates by real estate sales people can be very misleading. That being said the way to determine a better idea of the real potential rentl return that a property might bring is to find out what similar prperties are renting for in the same area.

How to Calculate Rental Return

Rental return is calculated as a ratio against buying price. A rule of thumb calculation for rental return that many real estate imvestors use as a quick comparison is as follows:





Gross Annual Rent /
 Total Purchase Price 

expressed as a percentage

For more detail on calculating rental return, see How to Calculate Rental Return On a Real Estate Investment
For example if you purchased a rental property for $300,000 and were renting it out for $300 per week then your rental return would be calculated as follows:






(300 * 52) = $15,600 /
 $300,000 

(times 100 to express as a percentage) = 5.2%

I have found that if the resulting figure is in the vicinity of 6% or over you are in good shape. In the example above the rental return is a little on the low side but not by very much, so if other factors are positive there is a good chance that you will soon be getting above 6% just because of the normal increases in the rent you can acheive for this property.

For example just say that the next year the rent goes up by 15% then you are receiving $345 per week. In which case your return would be 6%. From that point on you are in a very healthy financial position with this property.




(345 * 52) = $17,940 /
 $300,000 

(times 100 to express as a percentage) = 6%

Expenses

In terms of analysing a real estate investment a percentage of purchase or advertised price as a factor to get a ball park figure for how much it will cost to own and run that property. The first thing to do is determine the interest cost per year by multiplying the advertised price by the interest rate you would be paying.

Then find the estimated running costs by multiplying the annual rent received by an expense factor, (you may need to ask your agent or another knowledgeable investor for what applies in your local area.

Real Estate Investment Analysis Example

An example of how real estate investment analysis gives you useable decision making data will make this much clearer:

See this page for a fuller example:

Real Estate Investment Analysis Example

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Wednesday, September 23, 2009

Refinancing Real Estate Investment, Your First Step To Freedom

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Refinancing Real Estate Investment

MDC

This Simple Technique Can Help You Get Your First Investment Property

And Then The Next And The Next...

Refinancing Real Estate Investment is one of the best ways to begin real estate investing and keep progressing in your freedom steps with property investing.

If you are just starting out one of the best ways to get the money you need is to use the existing equity you have in your home. The best thing about refinancing real estate investment is that it allows you to get started without having to find out of pocket money for the property deposit and purchase costs.

You do this by first refinancing your home.

There are two ways you can go about refinancing real estate investment property:

Use your home or other property to secure a loan for the next property.
This is where you make a specific proposal to purchase a piece of real estate investment property using your home to secure the difference between the purchase price and the banks LVR (loan to value ratio) policy.

This will end up in your home being cross collateralized with the associated future difficulties that can lead to.

Request your bank of choice to set you up a home equity Line of Credit.
This is where the bank agrees to loan you any amount up to the limit determined by the available equity ou have in your home.

When refinancing real estate investment a cross colllateralized loan is the easiest to set up. It is probably the avenue that the bank or financial institution will assume you want to do it, but if you want to build a substantial real estate based portfolio, then request a line of credit be set up for you.

Then you will be able to access the money with ease and at your convenience.

For other advantages of a home equity line of credit or a line of credit generally refer to the HELOC page:

Lay the Foundations for Real Estate Investing Success

For the first investment property or maybe even the first two peices of investment real estate, a cross colllateralized loan is the easiest to set up. It is probably the avenue that the bank or financial institution will assume you want to do it, but if you want to build a substantial real estate based portfolio, then request a line of credit be set up for you.

Then you will be able to access the money with ease and at your convenience.

For other advantages of a home equity line of credit or a line of credit generally refer tothe HELOC page:
Home Equity Line Of Credit

A brief outline of the specific advantages when refinancing real estate investment are that you can start with little on no money of your own and as equity builds you can continue with your refinancing real estate investment properties and purchase more.

In this way Your asset base continues to grow, and it can all be funded by your growing equity base.

The way this works best is to always plan on holding your investment properties long term. If you adopt that attitude and ride out the occasional volatility of thte market then you are almost guaranteed success.

When refinancing real estate investment it is important that your first properties be new, so that you can claim maximum tax deductability for depreciation and expenses. You will need competent advice on this for your particular country and area.

See my other pages for tips on how to best set up your financing and reducing our tax burden in the asset building stage.

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Sunday, August 16, 2009

Where Can I Find Foreclosure Property Listings For Free?

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By Hector Milla

Before the introduction of the free repossessed property listings online, locating this kind of property was difficult.

The numerous sites available now have made it easy for real estate investors and individual buyers to locate property that has been put up for sale by banks and other financial institutions. You can find repossessed property listings online for free, with the best sites available. Dispossessed homes are known to be very expensive and a lot of credit should be given to the sites for providing the home listings free of charge. The best place you can bank on the services of the free sites is where you register with them to receive updates on the latest listings of repossessed homes.

The greatest advantage of finding a good listing site is so that locate a perfect home by going through the listed homes and choose one. Since the sites list the homes with their states it becomes even easier in locating your perfect home. Banks and real estate developers mostly use this sites to place their property for users to cases. The best thing about the free home/property listings is that you can get your dream home at the cheapest price possible you can even compare home prices. The additional information added on the home or property listings includes descriptions such as the homes footage, features the condition of the home and the price.

Most of the time the free listings online are normally done for a trial basis of seven days. Before using this services however it is important to compare and contrast the sites because same may tend to charge their services. You can find the sites easily on search engines with various options to help you conduct a search easily. It is however wise to sign up for these services in the numerous sites available. Signing up will guarantee you frequent alerts on the latest repossessed homes. The listing services come with competent customer care; the sites provide help for the users who are interested in the properties. The listings are nationwide meaning that you can locate homes in neighboring states.

By the way, by researching and comparing the different free foreclosure listing services in the market, you will be able to determine the one that meets your specific requirements, plus the free or cheaper options. This way you will save time through up to date foreclosure listings and money by getting better results over your investment.

Hector Milla runs the Best Free Foreclosure Listings website, where you can see a review of the best rated free foreclosure listing service.

Read our full reviews, plus hundreds of articles and video training about this subject.

Article Source: http://EzineArticles.com/?expert=Hector_Milla
http://EzineArticles.com/?Where-Can-I-Find-Foreclosure-Property-Listings-For-Free?&id=2687034

Thursday, August 13, 2009

Real Estate Investors in 2008 and Beyond

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Real Estate Investors in 2008 and Beyond

By Nic Faivre

With the economic state in many countries on the down slide, many people are wondering if they will be able to afford to ever own their own piece of the dream. The dream, being owning their own home.

What is important to note is that many people purchased property at high prices. The public were lead to believe that if the price was high ... then that meant quality and stronger selling power.
In reality it meant 1. Risk 2. Debt .... and loads of it.

In 2008, people have been told to shy away from the housing industry because of the ever decreasing housing market. If you are an individual who purchased high and are now seeing the prices fall .. I feel for you. If however you are considering to enter the arena of real estate investing, then there is no better time. The real estate investor needs to be alert and know that markets have constant trends. Sure, we see the housing prices going down, so what should that indicate to the astute Real Estate Investor?

Sirens should be blaring to indicate that now is the time to buy. Private real estate investors have more negotiating power than ever before. Before the housing slide, the Seller would have the bargaining chip over the investor. This has now changed and simply stated, the seller can not afford to lose the interested investor.

It is not unheard of to decrease an offer by more than $20,000. Actually all real Estate Investors should never accept a price as advertised. I don't care if its been reduced previously ... or even if the seller indicates that they will only accept 'offers over ..' Remember the key for 2008 - The Real Estate Investor, or the potential buyer has the power.

This economic down period is prime time to buy and hold if you can afford to do such. An important key to real estate investing is that when the market is down ... then it will surely go up again.

For land developers there is no change to your profit margins. Putting it simply, yes houses, apartments and residential/ commercial projects will be less for the selling price HOWEVER, please take note that the land will be cheaper. In almost all cases you will end up with the same or near the same profit margin. Just don't forget to do you home work when purchasing land at the commencement.

I must take my hat off to an expert in the field of Real Estate Investing - Mr. Charles Dudley. He has coined the phrase which will be my guide and which also should be the guide of all real estate investors. "Pigs get fatter, while Hogs get slaughtered" - how true is this in the real estate industry.
Accept and project your profits - then march forwards and reap what you expected to gain. If you do this then you will receive repeated customers.

So, if you are doubting 2008 - don't. make 2008 and onwards - the year of your real estate investing business!

Nicolas Faivre is a full time Entrepreneur and Real Estate Investor. Nic believes in the power of giving without want and his dedication to his networking team shows. Nicolas Faivre can be reached at http://www.RealEstateInvestorsAustralia.com

Article Source: http://EzineArticles.com/?expert=Nic_Faivre
http://EzineArticles.com/?Real-Estate-Investors-in-2008-and-Beyond&id=1174905

Wednesday, August 12, 2009

Where Can I Find Foreclosure Property Listings For Free?

Image by Getty Images via Daylife

By Hector Milla

Where Can I Find Foreclosure Property Listings For Free?
By [http://ezinearticles.com/?expert=Hector_Milla]Hector Milla

Before the introduction of the free repossessed property listings online, locating this kind of property was difficult. The numerous sites available have made it easy for real estate investors and individual buyers to locate property that has been put up for sale by banks and other financial institutions. You can find repossessed property listings online for free, with the best sites available. Dispossessed homes are known to be very expensive and a lot of credit should be given to the sites for providing the home listings free of charge. The best place you can bank on the services of the free sites is where you register with them to receive updates on the latest listings of repossessed homes.

The greatest advantage of finding a good listing site is so that locate a perfect home by going through the listed homes and choose one. Since the sites list the homes with their states it becomes even easier in locating your perfect home. Banks and real estate developers mostly use this sites to place their property for users to cases. The best thing about the free home/property listings is that you can get your dream home at the cheapest price possible you can even compare home prices. The additional information added on the home or property listings includes descriptions such as the homes footage, features the condition of the home and the price.

Most of the time the free listings online are normally done for a trial basis of seven days. Before using this services however it is important to compare and contrast the sites because same may tend to charge their services. You can find the sites easily on search engines with various options to help you conduct a search easily. It is however wise to sign up for these services in the numerous sites available. Signing up will guarantee you frequent alerts on the latest repossessed homes. The listing services come with competent customer care; the sites provide help for the users who are interested in the properties. The listings are nationwide meaning that you can locate homes in neighboring states.

By the way, by researching and comparing the different [http://www.bestfreeforeclosurelistings.com]free foreclosure listing services in the market, you will be able to determine the one that meets your specific requirements, plus the free or cheaper options. This way you will save time through up to date foreclosure listings and money by getting better results over your investment.

Article Source: http://EzineArticles.com/?expert=Hector_Milla
http://EzineArticles.com/?Where-Can-I-Find-Foreclosure-Property-Listings-For-Free?&id=2687034

Monday, August 10, 2009

Real Estate Investors & The Importance of Knowing Your Exit Strategies

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By Chris Parks

Real Estate Investors are often tasked with knowing his/her exit strategies before getting into a particular situation. It is important to remember that exit strategies will be different depending on what type of investing you plan on doing.

One particular difference is whether you are planning on holding a property long term (as a rental) or if you are planning on making money as soon as possible.

If a property has little or no equity, holding long term will generally give you more options then if you are looking for short term exit strategies. And then it depends on how much the mortgage is vs. how much you can get for rent and how much your expenses are. Also, how much money you are willing to spend and whether or not you are willing to go negative in terms of cash flow (which I do not recommend, but know many investors who will).

If you are looking to get in and out of a property quickly, then properties with little or no equity would not be the way to do it unless you or investors you know work short sales or are interested in buy/hold like I explained in the previous paragraph. If this is the case then you can pick up bird-dog fees all day long by referring these types of properties to real estate investors who are looking for them.

Always ask around at your local REIA meetings to see which real estate investors are buying properties with little or no equity and find out what exactly they are looking for.

A property with a lot of equity generally gives investors the most options, especially if it needs work and provided the seller needs (not wants) to get rid of it. Of course a real estate investors' overall purchase criterion needs to look at more than just equity.

There are a lot of different ways to make money in Real Estate. You can bird-dog properties, wholesale properties and/or rehab them as well. Investors often make the most money rehabbing properties from sellers who need to sell. Many of these types of properties can be major fixer-uppers, or condemned properties that have equity.

As a rehabber, the very bottom line for quick-cash is this:

Buy low
Improve
Price it to sell quickly (especially in today's market)
Deposit your money

That being said of the three, rehabbing is not the quickest way to profit and by far much more involved. Real Estate Investors who know his/her exit strategies before putting any property under contract will have the most flexibility and thus the most choices.

About the Author:

Chris Parks is a member of a small group of Real Estate Investors and Entrepreneurs who created Real Estate Investing for Newbies http://www.REIforNewbies.com in order to teach and assist new Real Estate Investors in a step-by-step and easy-to-understand manner.

Visit http://www.REIforNewbies.com Today to Claim Your Free 7-Day eCourse!

(c) Copyright - REIforNewbies.com. All Rights Reserved Worldwide.

Article Source: http://EzineArticles.com/?expert=Chris_Parks
http://EzineArticles.com/?Real-Estate-Investors-and-The-Importance-of-Knowing-Your-Exit-Strategies&id=966375

Thursday, August 6, 2009

The Foreclosure Process for Real Estate Investors

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By Rick Halperin

Are you looking at foreclosures as a way to continue to build your real estate portfolio or to reposition equity? This article looks at the foreclosure process for real estate investors.

Changing market conditions and rising interest rates have pushed increasing numbers of property owners over the edge. Is their misfortune an opportunity for you? Based on the numerous seminars advertising to explain the foreclosure process for real estate investors, seminar promoters sure think so. Let’s explore where you can find some information on potential foreclosure properties on your own.

First, there are many search engines that can give you information on foreclosure properties and the foreclosure process for real estate investors. Once found, you can contact the property owners who have gotten too far behind on their mortgage payments and offer to buy their real estate. This will allow them to avoid foreclosure and the damage to their credit. In addition they could potentially receive some money in exchange for losing their property, which they would not were the bank to foreclose on the property.

Other sources are foreclosure auctions. Thousands of properties get auctioned off every week across the country. Many of these properties are sold for ridiculously low prices. To locate these auctions, check online, in newspapers, or simply ask a bank when their next scheduled auction will take place. But be advised, there is usually more competition at foreclosure auctions than there is when buying pre-foreclosures.

An REO is real estate owned by the bank. An REO is different from a foreclosure property in that the bank has already tried to sell it at a foreclosure auction and has had no luck getting bids. Because the property was not bid on, the bank then became the owner of the property. Naturally, the bank does not want to keep the REO any longer than possible, and this makes it a great opportunity for an investor. In buying an REO, you have distinct advantages that you do not when buying a foreclosure property. You are able to buy on your own schedule; you can make an offer on the home any time, you don’t have to wait for bidding to begin; and you can inspect it before you buy.

However, just because the bank owns a property does not make it a good deal. In fact, when you see that a home or property is an REO you have to wonder exactly what is wrong with it. So invest with caution.

The http://www.gotexit.net foreclosure process for real estate investors must be done with caution. But, investing in foreclosure properties has interesting potential for being an appropriate strategy for growing your real estate portfolio, or for repositioning the equity from other properties.

Article Source: Rick Halperin
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