» 8 Ways to Find Distressed Sellers » Posted by Realestator
Where do you find Distressed Sellers? There are many different techniques investors use. Here’s a list of some of them that may work for you: Read the classified ads and look for desperate language like “OWC” (Owner Will Carry) or “Seller Negotiable.” Pick a neighborhood you really want to buy in and look for “For Sale By Owner” signs. Leave post cards that say “I Buy Houses” on the front door or on parked cars at houses with For Sale signs. Advertise with signs or newspaper ads that say “I Buy Houses.” Get a list from your realtor of homes that have been on the market for longer than 3-4 months. Call landlords with For Rent ads in the newspaper and ask them Read More
» How to Make Money in a Distressed Seller Market » Posted by Realestator
We’re currently in a Distressed Seller Market. These types of sellers are often called “don’t wanters” - they simply don’t want the property anymore, the headaches, the payments, the deferred maintenance, the tenants, etc. etc. ANYMORE! In order for an investor to make money from a distressed seller, usually the homeowner must be willing to give away some or all of their equity in the deal. If there is no equity, then they must be anxious enough to sell for what they owe on the property, otherwise they’ll be faced with doing a Short Sale and possibly being foreclosed on. Some distressed sellers are created simply by being put in a situation they Read More
» Real Estate Investors with LLC’s Receive Another Blow! » Posted by Realestator
Fresh on the heels of yesterday’s news that Fannie Mae is relaxing down payment requirements to owner occupied purchasers only, Real Estate Investors with LLC’s are now taking a hit as well. Here’s what has happened: Freddie Mac has just changed their rules to NOT allow refinances if the property has been in an LLC at any time for the past 6 months. Fannie Mae is expected to follow suit. If you have your property in an LLC, you have a few choices: Leave it in there until you sell and realize you probably won’t be able to refinance. Pull it out of the LLC and lose all liability protection. Use a Trust / LLC envelope to protect Read More
» Fannie Mae News - Down Payment Requirements Relaxed » Posted by Realestator
Fannie Mae in the News today, announcing a new national policy on relaxing down payment requirements for conventional mortgages. Reversing their previous requirements that were implemented in December of 2007, now they will consider lending to borrowers with as little as 3-5% down payments. This reversal in policy is part of their “Keys to Recovery” program. Marianne Sullivan, Senior Vice President, Single-Family Credit Policy and Risk Management, said, “This new down payment policy reinforces our goal to support successful home-owning, not just home-buying, as we seek to bring liquidity to all communities and help the housing market recover.” This Fannie Mae Read More
» The Passive Real Estate Investor » Posted by Realestator
The Passive Real Estate Investor is more common than most people realize. Contrary to popular belief, one does not have to actively pursue all aspects of a real estate deal in order to invest in one. The new breed of investor has a passive investment strategy, which allows them to partner with Active Real Estate Investors who enjoy doing the necessary research to locate a profitable area, negotiate a successful offer, develop a Real Estate Network to procure and manage the investments, and handle ongoing management of the investments with the team. They bring the benefit of investment capital and/or credit to the deal, while the Active Investor(s) brings everything else. This is why Read More
» Real Estate Investment Education-How Much is Too Much? » Posted by Realestator
People generally think they need to have an extensive Real Estate Investment Education before they can invest. This is simply not true. There are so many ways to get experience without taking risks that it would be silly to spend six months to a year getting a real estate license or attending tons of guru boot camps before you made your first investment. Yet, many people do exactly that. They feel they must read a ton of books or attend a bunch of seminars before they can “pull the trigger.” Don’t misunderstand. Education is very important. But when it is sought after to the point of preventing you from taking action, it can become a liability. Usually people have a lack Read More
» Do I Need a Real Estate License to Invest? » Posted by Realestator
Does a Real Estate Investor need a real estate license in order to be successful? Often new investors will ask themselves this question. What is the answer? Well, it depends on the person asking the question. There is no right or wrong answer. First, each investor must look at their goal in real estate investing. Do they want to purchase one property a year, or twenty? If they’re taking the “slow and steady” approach, then access to a lot of property will not be a high priority. This investor can take their time in locating profitable markets, performing market research, acquiring team members, and making offers that are accepted. They basically can accumulate their Read More
» Is this the Right Time to Invest in Real Estate? » Posted by Realestator
The Real Estate Market has done a downturn. Prices are crashing down around your ankles. So is this the right time to Invest in Real Estate? Actually, it’s a golden opportunity to increase your property portfolio. When you are buying property it doesn’t really matter whether the market is up or down unless you are considering selling in the short term. If you are holding long term then you have the luxury of waiting for the inevitable appreciation over the years. If you can buy at the lower end of the cycle that is the best time to buy, but very often it is hard to tell precisely where the market is at. The only way you will know if a market has hit bottom is when it begins Read More
» Where to Invest in Real Estate, Part 2 of 2 » Posted by Realestator
Yesterday we discussed Where to Invest in Real Estate, and determined investing in Emerging Markets is the best route to take. An Emerging Market is defined as a growing area with potential where you can still buy low-priced property and receive very high returns on investment. Searching Online for Price Only: The easiest way to find property is by searching online. You can utilize a technique called reverse searching - enter a price range, hit search, and look at what areas come up. You can then proceed to drilling down into each area and finding out more about it so you can decide if it is an area you want to explore further. Magazines & Newspapers: Once in an airport I found a Read More
» Where to Invest in Real Estate, Part 1 of 2 » Posted by Realestator
Where to Invest in Real Estate? This is a question most real estate investors ask themselves frequently. They are looking for the next great area to invest in while paying the least amount of money and receiving the highest return on investment possible. The best way to achieve this goal is by investing in Emerging Markets. But how do you know where to find them? There are several different ways: Online Investor Groups or Forums: These groups help you stay tuned in to the latest investment opportunities that fellow investors are involved in. In addition, the wealth of education you can receive from people’s actual experiences is priceless. In the beginning, you don’t have Read More
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