Articles tagged: pre-f
<< previous page 1 next page>> written by Matt Barker In the olden days, it used to be that if you were looking for a semi-portable type of home, you were pretty much stuck with the descendants of the original single-wide trailer home or a generic travel trailer. While it is true that the trailer home, or mobile home, has come a long way in the years since they first started there are some interesting alternatives available now. written by William King This article provides a brief introduction on property foreclosures, and how they can be avoided. A better understanding is necessary for real estate investor and mortgage borrowers. written by Bryan Benson Many people take the time to discuss how certain tactics aren’t working for them. Or how a strategy might not be working and they don’t have the money to invest in other tactics. Is this a viable complaint?
written by Rob Muller Want to sell your $30 million dollar home in a day? Call up your local auction house and hang onto your hat. American auctioneers are doing a ripping real estate business right now with no sign of slowing down. written by Judson Voss There are lots of ways to invest your money. Investing in the real estate market can be a great way to invest your money and even make money if you don’t have any capital! written by Judson Voss You could approach the bank about a Short Sale on a defaulted property you’re interested in, but it does involve a lot of physical effort. Another easier method is simply to buy the mortgage note from the bank on that same defaulted property. written by groshan fabiola Loans are a very convenient alternative when it comes to getting a hold of the money you need to make a big purchase written by Judson Voss You’ve got your list of defaulted homeowners and defaulted mortgages, but don’t feel comfortable ringing them up. Well, you can initiate contact with the homeowner through direct mail letters. written by David Done Orange County Property Foreclosure is a definite bonus. As an investment, you can feel confident that you will be able to sell a property foreclosure you have purchased in Orange County. written by Attorney Bronchick A home equity line of credit (“HELOC”) can be an excellent financing tool, if it is used properly. A HELOC is basically a credit card secured by a mortgage or deed of trust on your property. You only pay interest on the amounts you borrow on the HELOC. If you don’t use the line of credit, you don’t have any monthly payments to make. You can access the HELOC by writing checks provided by the lender. In most cases, it will be a second lien on your property. written by Attorney Bronchick If you are low on cash or have cash and are low on time, a partnership or equity–sharing arrangement may be for you. Using partners to finance real estate transaction is the classic form of using “OPM” (other people’s money). Experienced investors are always willing to put up money to be a partner in a profitable real estate transaction. As with many businesses, talent is more important than cash; if you can find a good real estate deal, the money will find its way to you! written by Attorney Bronchick It amazes me how many people get started in real estate investing, only to fail when the going gets tough. As soon as someone discovers they can’t get rich in a week or two, they are on to the next “hidden guru” secret. It’s the same as weight loss - everyone talks about it, many try it, but few succeed. There are thousands of “get rich quick” and “get slim quick” gimmicks. No wonder both the real estate investing information and weight loss products industries make BILLIONS! written by Attorney Bronchick The mortgage business is a complicated and ever-changing industry. It is important that you understand how the mortgage market works and how the lenders make their profit. In doing so, you will gain an appreciation of loan programs and why certain loans are offered by certain lenders. The first broad category of distinction is institutional versus private. Institutional lenders include commercial banks, savings and loans, credit unions, mortgage banking companies, pension funds, and insurance companies. written by Attorney Bronchick If you have been reading my articles, you are probably familiar with the concept of creating and using land trusts for privacy and protection of your real estate. However, what about your ownership of notes, mortgages, deeds of trust, leases and options that may appear on public record? What about cars, boats, mobile homes and other items that are registered and recorded in public places? Good news... there is a special trust just for that purpose! written by Attorney Bronchick If you read the news media, you’ll see that there’s a proliferation of new real estate gurus and seminars coming around to feed the endless demand for real estate these days. One event recently attracted over 30,000 people, with Donald Trump as the headliner (like he knows anything about buying a duplex, so, how do you tell the good from the bad? Well, first let me comment that I believe there is very little truly “bad” info out there. The difference is mainly price and quality of information. written by Attorney Bronchick Well, it seems that with everything you do right, there’s always someone else doing it wrong, do it badly, or doing it illegally. Enter Big Brother... the “well–intentioned” legislator who wants to get re–elected by passing a law that protects the innocent from bad people or from their own stupidity. written by Attorney Bronchick You can buy real estate with no down payment!” You’ve seen the infomercial a hundred times on television over the years. Me too, so I decided to pick up a copy of the Carleton Sheets “No Down Payment” program just to see what my competition offers. written by Attorney Bronchick Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground.Nothing happens and nothing matters in real estate until you find a deal. written by Attorney Bronchick Have you ever had a tenant leave in the middle of the night or the middle of an eviction? Did you ever wonder what to do? Basically when a tenant abandons the property, you do not need to file an eviction or wait for the sheriff. You can change the locks. As for the tenant's stuff, in most states you can simply toss it. You should check your state or local law to see what your legal obligation is to store the items for the tenant. written by Attorney Bronchick Most “standard” real estate contracts and leases contain provisions that state something to the effect, “If there is any dispute as to the agreement, the winning party is entitled to attorney’s fees.” Is this a good idea? Well, yes and no. First, understand that attorney’s fees are generally not awarded by the court to the winning party in a lawsuit. written by Attorney Bronchick Before we discuss the equitable interest, we need to discuss the basic owner–financed sale. When you sell a property, you give the buyer a deed to transfer ownership. If you owned the property free and clear before you sold it, you would take back a note for part of the purchase price, secured by a lien on the property (in some states a “mortgage”, in others a “deed of trust”). written by Attorney Bronchick Flipping” is the buzzword of the year in real estate - flipping books, flipping articles in the newspaper, and even flipping shows on TV! What is flipping, how does it work and how you can profit,flipping simply means buying a property and reselling it quickly, as opposed to holding on to a property long term as a rental. Flipping comes in several varieties, most of which are legal and profitable, some of which are not. written by Attorney Bronchick As a real estate agent, you can increase your commissions by learning how to structure wraparound transactions. You will undoubtedly come across dozens of listed properties with high loan balances and little chance of selling by conventional means. Your knowledge of wraparounds will be your ticket to increased commissions in a competitive market.Once you understand the transaction and have all the pieces of the puzzle in place, you will have more deals than you can handle. written by Attorney Bronchick You've seen the late-night infomercials with self-anointed gurus promising you millions in real estate profits with no money down. The truth is that many of these charlatans never made a dime in real estate, but instead built their fortunes through selling over-priced or useless information to unsophisticated investors suffering from insomnia. Most of us are smart enough to realize that no real estate "system" is foolproof, and if anything seems too be good to be true, it probably is. However, that doesn't mean that you need excellent credit and a surplus of cash to get started in real estate. Here are some strategies for financially-constrained aspiring investors to begin generating real estate cash flow. written by Attorney Bronchick In real estate there is a saying that you don't make your money when you sell, you make your money when you buy. The name of the game is finding amazing deals and then keeping them for the long term or turning around and flipping for a handsome profit. Of course, if great deals were that easy to find, everybody would be doing it. The forces of supply and demand would inflate the price of properties to the point that there would be no deals left! Naysayers claim that this is true of today's housing market, but in reality, there are endless deals to be found almost anywhere at almost anytime. Finding these deals takes experience and talent, but this article serves as a head start for novice investors, or a refresher course for old pros. written by Attorney Bronchick The Fair Housing Act of 1968, as amended, prohibits discrimination on the basis of race, color, religion, nationality, familial status, age, and gender. Many state and local laws also forbid discrimination on the basis of sexuality or source of income, and the Americans with Disabilities Act makes it illegal to discriminate against the disabled. If you harbor any such prejudices and would allow them to come into play when renting a housing unit, then you're probably not cut out to be a landlord. However, many sincere real estate investors make honest mistakes that result in discrimination lawsuits. The best way to avoid them is to be informed. written by Attorney Bronchick Working with one or more partners on a real estate deal is frequently a wise decision, if not a necessity. For beginning investors, taking a partner helps offset the risk of even a small investment. More experienced real estate investors may want to take on partners for the same reason, since as the deals get bigger, the risk becomes greater. Furthermore, individual investors can often benefit from the wisdom, experience, and diverse perspectives that partners can bring to the table. written by Attorney Bronchick It takes more than home improvement know-how to make the big bucks in rehab properties. In order to be a successful investor, you need to know what needs to be repaired - in addition to knowing how to do it. written by Attorney Bronchick Taxes are your biggest expense in your lifetime, so choose your source of income wisely! Real estate has some of the BEST TAX BREAKS of any investment in America!
The more you earn through your job, the more you get taxed, and the system is setup that way to punish hard workers and reward investors. written by David Neese Neese Tips for meeting the agent to determine the market value of a home that is in foreclosure to help bring the price down for greater short sale profits.
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