Foreclosures in all of the SCV

September 4, 2010 by TRS  
Filed under foreclosures


foreclosures.paris911.com If you have been looking for foreclosures and have not been happy with giving up your personal information. Look no further. I have posted all of the cities and their foreclosures that are currently on the market for sale within the Santa Clarita Valley. Acton, Agua Dulce, Castaic, Canyon Country, Saugus, Stevenson Ranch, Newhall and Valencia are all ringing in. Every single bank owned and foreclosure property is listed on this site in a very simple google map format. Double click to zoom in to see more of the Foreclosure Listings

Systems part 3

September 4, 2010 by TRS  
Filed under Real estate flipping


This is a continuation of the systems presentation/vblog that I have been talking about for a few days or so now.

Real Estate Investing: America is Dead Wrong When it Comes to Investing in Real Estate!

September 4, 2010 by TRS  
Filed under quick turn RE

Want to make millions investing in American real estate?

You can!

All the nay-sayers, chicken littles & all the talking head media in America is DEAD WRONG when they say you can’t make money with real estate investing in the United States.

You will make a fortune betting on the USA like Warren Buffet does.

And here’s the PROOF!

China & Russia is buying up more of America than ever in history.

Don’t be surprised if your next mortgage company is from China! Did I also mention Canadians are buying up everything that they can in the good old USA. I

I know this first hand as I grew up in Canada & have many contacts there. For the first time in 40 years the Canadian Dollar (the loonie) is about par with the United States dollar.

Do you think they see and know something that we don’t?

They have more faith in our country than we do.

Why You Should Invest in United States Real Estate

Approximately $33 billion dollars a month in ARMs mortgages adjusted up. Right now in the next 11 months, there are $46.47 billion dollars a month of ARMs adjusting-up!

Well, if you grab your calculator, you’ll realize that’s an INCREASE IN BUSINESS of 42%! That’s right! 42%! MORE business that HAS got to get done!

Why American’s Are Wrong When They Say Don’t Invest in American Real Estate

Here’s why most Americans never get ahead in life…

1. Most of us like to go with the herd, just like cattle. We all do the same thing. We are lazy. And, we don’t like to think and act on our own.

2. I’m ashamed to say that most Americans do not believe in themselves & their country. The media easily influences them.

3. Ordinary people are generally guided primarily by FEAR. Greed takes a backseat. I remember, after September 11th, a whole lot of people started betting against America. They also did it in 1979.They did it in 1960. They did it in 1941, 1929, 1865, 1789, and 1776. And they were wrong to bet against the American stock market, real estate and mortgage business.

There are MILLIONS of households that ARE doing something. These households are mostly Chinese that are buying everything that they can possibly get their hands on.

When I worked with Tony Robbins, he would tell me, “Larry, success leaves clues”.

So get a clue!

There are more Chinese millionaires made per minute than anyone else. So, follow their lead. Do what they do.

Why Investing in American Real Estate is Your Least Path of Resistance

Money is like water. Here’s how…

1. It flows to the lowest places. 2. It builds green growth. 3. It takes the path of least resistance

Right now, successful real estate investors are saying, “we are waiting till things change.”

But they’re lying! Just as surely as Kirstie Alley at a Weight Watchers meeting!

Watch what they DO, not what they SAY! They have cheesecakes in the freezer! They are secretly buying anything and everything.

Get a clue and dive in now. Just ask Gates, Buffet & Trump. See what cheesecake they’re buying (Real Estate).

Why NOW is the Time to Buy American Real Estate

1. This is the biggest sale of Real Estate in 23 years. 2. Huge influx of cash from foreign investors snapping up inventory thus creating demand 3. Bottom has been reached. 4. Great savings on mortgages from 7 interest rate cuts in just 7 months 5. HUGE profit potential on Massive Foreclosure Wave

 

Here Are 3 Tips to Get You Started in Investing in American Real Estate Now

1. Join your local Real Estate Investor Club and attend as many events as possible. 2. Go on Real Estate Investor Tours (kick the tires) 3. Invest in your Real Estate Education through home study courses and attending as many seminars as you can.

It is a buyers market – a real estate investor’s dream. So, what are you waiting for? Follow my 3 tips above and start investing in American real estate today.

 

About the Author:


Larry Loik, Founder of the fastest growing Real Estate Investor Network on the West Coast, makes it easy for the beginning investor and the experienced pros to invest in American real estate today. Now, you can get his free real estate newsletter plus FREE Expert Interviews on MP3s, a FREE tropical vacation or cruise and more when you go to http://www.REINclub.com

Write Your Sales Letters In Minutes.

September 4, 2010 by TRS  
Filed under short sales

The Secret To Instantly Creating Professional Sales Copy-Without Spending A Single Dime On Copywriting Fees.
Write Your Sales Letters In Minutes.

What’s the best way to find private lenders for real estate projects?

September 4, 2010 by TRS  
Filed under private lenders

The Chicago Sessions (Marije Meerman, VPRO 2009)

September 3, 2010 by TRS  
Filed under foreclosures


Widely known philosopher and University of Chicago Law School professor Martha Nussbaum explores the ethical implications of the financial crisis during three sessions with a group of ten talented law and philosophy students. The grounds of the University of Chicago provide a compelling arena, since it is here that both economist Milton Friedman, staunch promoter of free market capitalism, and president Barack Obama, lectured. Together with some of America’s brightest young minds, Backlight explores the ethical principles that might guide our post-crisis society. Examples of crisis related issues discussed during the sessions are: mortgage lending practices, foreclosures, bail outs and CEO pay. The students will test their ideas both on eminent professors from the University of Chicago and on field experts. The discussion is fueled and illustrated by case stories that the students themselves provided. Examples of crisis related issues discussed during the sessions are: mortgage lending practices, foreclosures, bail outs and CEO pay. The students will test their ideas both on eminent professors from the University of Chicago and on field experts. The discussion is fueled and illustrated by case stories that the students themselves provided. Most of what happened on the financial markets in the ascent to the credit crisis was perfectly legal, but is it, given the outcome, also just? Looking at the USA today, we see the destructive consequences the credit crisis has had and

Real Estate Investing For Beginners

September 3, 2010 by TRS  
Filed under wholesaling

As a beginner in the real estate investment business you would want to try your hand at something which is simple to pursue and also has a large profit margin. The wisest choice you could make is getting into real estate wholesaling business.

So what is exactly real estate wholesaling?

As a real estate wholesaler your job is to simply finding a particular piece of property or real estate. What you need to do then is to pass it on to a prospective buyer or an investor. Now this buyer may buy the property for himself or may decide to resell it for a higher price or may rent it out. In this business you can easily make up to $5000 to $10000 from each and every house you sell, your commission depending upon the type of deals you manage to strike.

You may ask exactly why should you get into wholesaling?

There are a number of reasons why a beginner like you in the real estate investment business should choose to start with wholesaling or flipping houses as it is popularly called.

The first is low investment. You need not own the property you are bargaining for. All you need to find a property that will fetch a good bargain value. You do not have to take over the ownership of the said property . You only need to take it under contract and sell it to the best buyer.

The second reason for getting into real estate business is quick and fast cash. A real estate wholesaling deal can be easily finalized in 7 to 45 days. So no longer do you have to wait for payments. It is a very good way to have cash in your pockets should be in need of some.

Thirdly, you can benefit from the real estate wholesaling business if you are someone who is good at finding houses. It is not possible for you to buy all the property you come across. If you are into real estate wholesaling the real estates you come across, even if you can’t buy them at the moment, you can take it under contract and bargain for it. This way you can even profit from your skills on locating good properties.

And lastly flexibility. The flexibility offered real estate wholesaling business is unparalleled. You have the power to choose. You can do what you want with the piece of land that you come across. If you are in need of immediate cash you can choose to bargain for it and sell it to a buyer without actually owning or buying the property. Or if you feel so you can purchase the property for yourself and then either sell it yourself or rent it out.

Want to start real estate investing? Don’t flip houses — do something easier, quicker and more profitable! Visit us for FREE VIDEOS showing you exactly how to do it. http://www.free-real-estate-lessons.com

Real Estate Investing | Do You Want To Make Money In Real Estate

September 3, 2010 by TRS  
Filed under quick turn RE


www.realestateradiousa.com | Do you want to make money in real estate? Seriously, we know a lot of people want to give it a go, but do you really want to know how to make 5 or 6 figures per month by real estate investing. What I can tell you is that it’s not by taking one lame course after the next. There’s only one sure way to be a profit making machine in real estate investing and we’ll show you how…for free! Real Estate Investing real estate investor real estate investors flipping houses wholesaling real estate wholesaling homes homes making money in real estate

Fort Myers Florida Homes & Condos For under 50K, Foreclosures Bank Owned REO,s Short Sales

September 3, 2010 by TRS  
Filed under short sales


www.todays-foreclosures.com Fort Myers Florida Homes & Condos For under 50K, Foreclosures Bank Owned REO,s Short Sales The Botelho Team Prudential Florida Realty Prudential Florida Realty 6611 Orion Drive Fort Myers, FL 33912 Phone: 239-985-8422

Foreclosure Trends

September 2, 2010 by TRS  
Filed under foreclosures

Many people are worried given the aftermaths that the economic crisis could produce. They have every reason to be worried about their jobs and also about the possibility to pay their mortgages. Specialists have started to analyze foreclosure trends on a monthly basis, making lists of top cities and states.

Pennsylvania represents just one of the numerous examples that could be given. The truth is that the number of foreclosures is high in all of the United States. The worse was the month of November. Foreclosures have increased by a distressful percent and more homeowners are about to receive a notice in the following weeks. As for 2009, one can only hope that foreclosure trends will turn to a more positive road.

In Pennsylvania, November foreclosures reports failed to meet the expectations of specialists. The number of foreclosure filings remained the same as in October and September, while in many other states foreclosures seem to have decreased by a small percent. In November, the situation was different, as foreclosure trends followed the up-road in the state of Pennsylvania. Compared to 2007, the number of foreclosures has almost doubled.

And it’s not just Pennsylvania where over 4000 properties are about to become foreclosures. Such filings have been encountered in California, Florida, Michigan, Colorado and Arizona. Negative foreclosure trends affected all of the United States, with Louisiana included. Here, like in many other states, homeowners were unable to pay their mortgages and they end up receiving a filing for foreclosure. Many of these loans have been taken by people who already had bad credit but needed the money for various reasons (e.g.: health expenses, building a home or settling an impending debt).

United States, like many other countries on the planet, is undergoing recession. The economic crisis could not have avoided the housing sector, the intensity of the financial stress being clearly reflected by current foreclosure trends. Homeowners are suffering from foreclosures filings and they are seeking desperate solutions to solve their financial problems. There are certain cities which are more affected by foreclosures, with Detroit, Phoenix, Las Vegas and Indianapolis among the top. California cities occupy several places on the list, just like Florida and Michigan.

When it comes to foreclosure trends, no one can be certain what 2009 is about to bring. Nationally, the number of foreclosures seems to have decreased during November. Taken state by state, foreclosures still remain high in certain states and homeowners still receive filings, such states exceeding the national average by far. On the other hand, there are some states where the situation seems to be improving and the number of foreclosures being brought down by a few percents. Time will tell whether such foreclosure trends are permanent or not.

We bring to you foreclosure trends and we hope that you will take your time to discover them all. Our website is a great source of information, especially when it comes to statistics regarding foreclosures. Make sure you pay us a visit!

foreclosures,foreclosure trends,state,national average,homeowners,housing sector,recession,economic crisis,bad credit.

Short Sale or Foreclosure: Will You Save Money?

September 2, 2010 by TRS  
Filed under foreclosures


Many people think you save money by buying a home that’s a short sale or foreclosure. That’s not necessarily true. Even if you do save money on a short sale it can take longer to close on escrow. California real estate agent Charlotte Laws talks about saving money with short sales or foreclosures.

105 Sunrise Ave.

September 2, 2010 by TRS  
Filed under Real estate flipping


3/2 brick ranch

Real Estate Wholesaling ? Quick Money!

September 2, 2010 by TRS  
Filed under wholesaling

After completing all the procedures employed in acquiring a property, your next step is to look out for prospective renters. There are two alternatives for you to work out. You either decide to carry out all the work yourself or hire a real estate agent to do it for yourself. There are several responsibilities to fulfill when deciding to manage property on your own. As a first step you need to search for probable tenants to rent your property. As self-managing landlords you need to oversee all the aspects of the property in addition to direct dealings with the tenants. It is important to hand over a written residential tenancy agreement to the tenant at the time of occupancy.

By leasing the property yourself, you save money by cutting down your expenses. It is your duty as a private landlord to look after the cleanliness and maintenance of residential premises. In overseeing all the problems yourself you get to learn numerous vital skills that can be employed in curbing expenses. These trifle savings can be remarkable over time. However, you tend to lose a lot of your quality time in managing property yourself. Attending to the complaints of the tenants in ever busy life style can be nerve wrecking at times. In addition to that you are also required to execute all the legal formalities yourself. Managing property requires tremendous endeavor to meet the complex demands, but it can be made profitable by simply planning and accomplishing a handful of strategies resulting in saving of both time and money. There is no doubt on the fact that the gains potentially surpass the negative values.

On the other hand getting your property managed by an agent involves appointing one to oversee all the tenancy requirements. You need to be very careful when selecting an estate agent for yourself. It is of utmost importance to hire an agent from professional associations. Get an appraisal of your property done by several agents in addition to understanding their services and finally choose the best one for yourself. You need to sign a written contract with the agent featuring the terms of service, fees and several other clauses.

In getting your property managed by an experienced and qualified estate agent you save a considerable amount of time for yourself. On freeing yourself of the management responsibilities you can focus on buying other investment properties. With his/her expertise a real estate agent is more likely to select a high quality tenant for you. It becomes the duty of the estate agent to manage the property on daily basis and fix all the major and minor repairs. The estate agent will be responsible for collecting the monthly rentals for you in addition to conducting regular inspection on the property. The agent also looks after all the rental agreements and paper work thereby freeing you from all the legalities. However, engaging an estate agent for property can consume a substantial percentage of your income.

Nonetheless on deciding any of the above approach you need to prioritize either your money or your time. The choice is completely yours.

Jason Sands is an experienced property investor and over the years he has gained good insight and valuable information the ins and outs of real estate wholesaling. Some buying ideas are Mid North Coast properties for sale and Kincumber and Saratoga real estate in NSW, Australia.

How can I get started in real estate investing without much money?

September 2, 2010 by TRS  
Filed under quick turn RE

I am 24 years old, I graduated from college last year. I work as a contractor right now with some guys. I really want to be a real estate investor. I want to start with small rental properties, but all the money my wife and I make pretty much pays the bills and we don’t have much left over. Also, I never know how much I will make each week because work is unpredictable, so I know a conventional loan is pretty much out of the picture. Any advice anybody?

Sales Letter Creator Pro- Create Professional Sales Letters in Minutes

September 2, 2010 by TRS  
Filed under short sales

Create High Quality, Professional, Persuasive and High Converting Sales Letters in 20 Minutes or Less. Brand New Software! More than 500,000 Searches in Google for Sales Letter Solutions Each Month. http://saleslettersoftwarepro.com/affiliates.html
Sales Letter Creator Pro- Create Professional Sales Letters in Minutes

My college doesn’t accept loans directly from private lenders, how can I still get student loans?

September 2, 2010 by TRS  
Filed under private lenders

I already got money from the Pell grant and am working on getting a stafford loan.

Foreclosures lead a town’s downturn,

September 1, 2010 by TRS  
Filed under foreclosures


06.04.08 www.latimes.com latimesblogs.latimes.com

House Flipping 101 with Jamel Gibbs Episode #5 Reading, PA Edition

September 1, 2010 by TRS  
Filed under wholesaling


Discover How to Make Money In Today’s Real Estate Market with Jamel Gibbs. House Flipping can make you rich. Find out how at www.HowtoFlipforProfits.com

3 Landlord Tips for your Real Estate Investing

September 1, 2010 by TRS  
Filed under quick turn RE


www.CashFlowInstitute.com Using these strategies you can become a more profitable and efficient landlord. Real estate investing can become more enjoyable and predictable when you receive automatic rent payments by automatically having rent deducted from tenants bank accounts and deposited in yours. And by having rent incentives to get paid on time and drawings for prizes for those tenants that comply, you help created a happy business you can be proud of. Mark Walters~

Valuation: Key to Successful Short Sales

September 1, 2010 by TRS  
Filed under short sales


real estate, short sales, flipping

Foreclosures up

August 31, 2010 by TRS  
Filed under foreclosures


Foreclosures are on the rise in Tippecanoe County.

Get My Resources to Build your Wealth

August 31, 2010 by TRS  
Filed under Real estate flipping


Don`t Forgot God Blesses us with wealth. But we need to be better stewards of the Financial Blessings that HE gives us. I have the Right Resources to Build Credit if you don’t have it. Rebuild broken credit. Buy and sell stocks and Bonds. Invest in Housing and properties. Join my Blog and let me know If the Different Sources have benefited you. kingdomfinancial.blogspot.com

Real Estate Investing | 7 Steps To $7k In 7 Days

August 31, 2010 by TRS  
Filed under wholesaling


www.virtualrealestateinvestingprofits.com Charles Petty Presents Foreclosure Tips With Todays Topic 7 Steps To $7k In 7 Days. See www.virtualrealestateinvestingprofits.com To Find Out More Information Now!

Wholesaling Houses Promo 3 – Colorado Real Estate Investing Training Video

August 31, 2010 by TRS  
Filed under quick turn RE


www.localmentor.com Wholesaling Houses Training Seminar (preview) by Michael Jake, Colorado’s Real Estate Investing Mentor. For more real estate investing training visit http

Short Sales + Deficiency Judgments: Obama’s New Short Sale Program

August 31, 2010 by TRS  
Filed under short sales


www.southfloridalawblog.com Join Oppenheim Law on Wednesday, April 7, as real estate attorney Roy Oppenheim explains President Obama’s latest Short Sale program and shares how it will affect South Florida homeowners. Find out why Roy Oppenheim is calling 2010 “The Year of the Short Sale.” http

Important steps to start pooling private lender money

August 31, 2010 by TRS  
Filed under private lenders

When you pool money from private lenders, you’re putting funds together from two or more different private lenders.

You obviously need to look at doing something different where your states paperwork is concerned. This means you will need to file paperwork with your state and provide a disclosure document to your potential private lenders.

In Ohio, for example, we have what is known as 6(A)1 filing. This filing allow for pooling private lenders’ money in running your real-estate investment business.

This filing also allows advertising and unlimited private lenders.

Remember, securities laws and regulations vary from state to state and the Federal SEC has its own set of laws and regulations.

Here is a checklist on ‘how-to’ pool money.

Pooling Money Steps

– Pooling money occurs when you combine funds from two or more different private lenders.

– You should use or form a new business entity. You should choose a corporation (which could be an S-corporation) or an LLC. Some states have different filings available depending upon whether you have a corporation or an LLC, and LLC’s are sometimes treated as partnerships. Most states won’t allow you to pool money when you’re operating as a sole proprietorship or DBA.

– You cannot use your state’s exemption for real-estate transactions, similar to Ohio’s 3(H) exemption, when you pool lenders together. You can not use this particular exemption because there is no paperwork involved. You must “upgrade” to a higher exemption which allows pooling. All states have similar paperwork levels.

– These filings require you to fill out paperwork, informing the state regulator about your business and what you’re doing. It usually requires you to disclose information to your potential private lenders, which is for your benefit as well as your private lenders’ benefit.

– You’ll pay a fee to your state regulator when you file your paperwork.

One of the things I’ve taught my Real Estate students and continue to stress is that you shouldn’t be pooling money from private lenders unless you make sure you’re in compliance
In order to be in compliance with your home state’s securities laws if you choose to pool your lender funds, you’ll need to find the proper exemption, filing or registration option, and comply with its requirements.

The following is some general information on staying in compliance with your states requirements. I have included this for those of you that have been asking for additional SEC compliance information.

- When you use an exemption to bring in private lenders, you are making an offer and sale of a security. It’s important to understand that an offer to sell is usually treated the same as a sale when it comes to securities compliance.

- Two key concepts to understand when you sell securities are that there are exempt securities and there are exempt transactions. Whether you’re selling stock, equities, borrowing money, or debt, these are treated as securities.

An exempt security usually means a security issued by a governmental agency or authority.
– An exempt transaction refers to the sale of a security not issued by a government agency that has been given an exemption under state law (or federal law) because of the nature of the security and how it’s sold.

- Many of my students are basing their compliance on the exemptions in their states that are similar to the one in

Ohio found under 3(H):

Ohio Revised Code, Chapter XVII, Title 1707.03(H) The sale of notes, bonds, or other evidences of indebtedness that are secured by a mortgage lien upon real estate, leasehold estate other than oil, gas, or mining leasehold, or tangible personal property, or which evidence of indebtedness is due under or based upon a conditional-sale contract, if all such notes, bonds, or other evidences of indebtedness are sold to a single purchaser at a single sale, is exempt.

- Remember, these are still securities, and the sale of these securities can be exempt under securities laws in Ohio. Compliance with the offer and sale of these securities is still required.

- Some states may offer you more than one choice, so you’ll want to evaluate those choices.

E. Alan Cowgill is the owner of Colby Properties, LLC. and President of Integrity Home Buyers, Inc. Alan is a full-time Real Estate Investor, investing in single family and small multi-family properties in Springfield, Ohio.

Since 1995, Alan has bought and sold hundreds of investment properties. Alan uses Private Lenders, not banks; to fund his real estate purchases. By doing this, he has created his own private bank of $2,000,000 in funds. Alan looks for “Win – Win” situations, where the seller, the lender, and the eventual homeowner can all “Win”. He is not a Realtor, but a Private Investor.

Alan has served as an elected official to the Board of Directors for the Clark County Property Management Association. He is an author, consultant and national speaker. He has been asked to speak on the topics of ‘Investing for the Beginning Investor.’ and ‘Finding Private Lenders.’ His home study system, ‘Private Lending Made Easy’, shows new and seasoned real estate investors how to find private lenders for their own real estate business.

His website is http://www.truthaboutprivatelending.com

Where are You in Your Foreclosure Procedure

August 30, 2010 by TRS  
Filed under foreclosures

You need to have a clear idea of where you are in foreclosure in order to understand how you can stop foreclosure. All foreclosure procedures are different because all banks are different and all states have different laws that govern the foreclosure process. So where are you and how do you get to where you want to be?

When did you get the foreclosure notice from your bank? Take a look at these documents and see when they are dated. That will tell you when your foreclosure procedure began. My foreclosure notice came from my bank’s attorneys.

When did you get the foreclosure documents from the courts? Shortly after the bank sends you the foreclosure notice, they will file papers with the court. You will get copies of these that tell you exactly when your foreclosure was filed with the court. These documents are vital and the dates on them are very important. Every state has a different foreclosure timeline and that is what determines how long you have to save your home. As soon as your bank’s lawyers file papers with the court, the clock is ticking and you have a very limited timeframe in which to stop foreclosure on your home. In order to know exactly where you are at in your foreclosure procedure, you need to have these documents and you need to know exactly what date they were filed.

What is your state’s foreclosure timeline? Find out how long the timeframe is from when your bank’s attorneys file the foreclosure paperwork until the sale date of your home. Like I said, every state is different so you have to understand what the foreclosure procedure is for your state. It could be anywhere from a couple of months to up to a year. It all just depends on the state. Do whatever you need to do to find this information.

So now you know all of this and you know where you are at in your state’s foreclosure timeline. How do you get to where you want to be? As with most things in life, it is always good to have a plan. Even if it is a very brief plan. Part of that plan definitely needs to include talking to your bank. You will not stop foreclosure unless you talk to them. Create your own “getting out of foreclosure” timeline. Every foreclosure procedure can be stopped, you just have to know how you are going to do it.

You will never get to where you want to be unless you first understand where you are. Gaining that understanding can be half the battle in being able to stop your foreclosure procedure. The other important piece is to make sure that you have a plan to stop foreclosure. Get more free foreclosure help at http://www.stopping-home-foreclosure.com/ForeclosureProcedure.html

Flipped Out?

August 30, 2010 by TRS  
Filed under Real estate flipping


Flipping houses is a risky guessing game that has many pitfalls. I have a Real Estate Business that has been built over the last 15+ years and describe it in my book “Flipped Out?” Get it now at www.FlippedOutBook.com

Can Investors Who Buy Homes Profit in a Distressed Real Estate Market?

August 30, 2010 by TRS  
Filed under wholesaling

Today, investors who buy homes have more opportunities than ever before. The downturned real estate market and credit crisis have led to an abundance of foreclosure and bank owned properties. Investors can purchase single family homes to sprawling mansions for as low as half of their original value.

Distressed properties can yield substantial profit for investors who buy homes. Many investors purchase foreclosure and bank owned real estate with the intent of rehabbing the house and quickly selling it for profit. Others engage in wholesaling; a form a house flipping that does not require anything more than locating a qualified buyer.

In order to purchase foreclosure homes, investors must bid on properties through public auctions. If no one places a bid on the property it is returned to the bank. Once real estate is owned by the bank, investors must submit bids through the bank’s loss mitigation department.

Bank loss mitigators negotiate real estate deals between investors and lenders. Loss mitigators do not approve or deny offers made on distressed properties. However, they can be instrumental in providing information to investors which can help them seal the deal.

Anyone who has worked with a lender’s loss mitigation department will tell you it is crucial to be nice to bank loss mitigators. The individuals can make or break your real estate deal. Realize, these individuals are usually overworked and underpaid. Being respectful and polite will go a long way in obtaining properties for sale through lending institutions.

Distressed properties generally require repairs and renovations. These can range from adding a new coat of paint to interior or exterior walls to complete demolition. Common repairs include appliance upgrades, replacement of flooring or carpet, plumbing and electrical upgrades, and repair or replacement of HVAC systems.

Returning homes to their original luster requires both time and money. Real estate investors that engage in rehabbing homes will need to organize a team of contractors and subcontractors to restore the property. Workers need to be expedient with repairs and renovations. Otherwise, the renovation will take longer than expected and cut into the investor’s projected cash flow.

Rehabbed properties can be sold for profit or used as rental homes. Houses can be leased on a long- or short-term basis. Some investors purchase homes located in popular vacation spots and rent the property to tourists.

Investors who buy homes for use as vacation rentals must calculate expenses associated with short term rentals. Most vacation rentals are furnished and equipped with all the comforts of home. Vacation homes must be cleaned after each use.

Most investors require tenants to provide a security deposit. If the tenant causes damage to the property, investors must provide evidence as to why they retained all or part of the security deposit. Some states require investors to obtain a license for short term rentals, while other states require landlords to charge sales tax. Regardless of whether the home is being rented on a short- or long-term basis, it is imperative for investors to fully understand the landlord / tenant laws of the state where the property is located. Otherwise, investors could be setting their self up for lawsuits.

Probate homes are another popular choice amongst investors who buy homes. Probate properties include real estate which belonged to a person who has died. During the probate process the decedent’s estate is required to pay expenses related to the real estate such as mortgage payments, property taxes, homeowners insurance and general maintenance.

If the estate does not possess sufficient funds to cover expenses, the estate administrator can sell the property to eliminate financial burdens. It is not uncommon for probate properties to be sold for pennies on the dollar.

Probate real estate can be located through probate courts. Investors will need to research courthouse records to locate homes held in probate. Once properties are located, investors must contact the estate administrator to begin negotiations.

These are just a few investment opportunities for investors who buy homes. If you are considering investing in real estate, it is imperative to develop a strategy. Create a business plan, engage in market research, become educated about real estate laws, and organize a team of real estate professionals.

Simon Volkov, private Real Estate Investor, specializing in purchasing distressed properties from Short Sales and Probate for serious and novice investors. Interested parties can subscribe to real-time investments via RSS feed or email subscription. Subscribe today at www.SimonVolkov.com.

Dr. Deming Weighs in on 10 Real Estate Investing Tips – Part 1

August 30, 2010 by TRS  
Filed under quick turn RE

William Edwards Deming, the father of productivity, may not seem to have much to do with providing real estate investing tips. After all, Deming had nothing to do with real estate investing at all – he was the mastermind in turning around the Japanese economy after World War I.

However, Deming’s Deadly Diseases outline what so often goes wrong in many businesses, and as such, we’ve enjoyed adapting 10 anecdotes and turning them into what we believe Deming would have provided as the “Top 10 Real Estate Investing Tips” Investor’s should heed while learning how to build a real estate investment business:

Real Estate Investing Tip #1. Lack of constancy of purpose.

Deming once said “A system is a network of interdependent components that work together to try to accomplish the aim of the system. A system must have an aim. Without an aim, there is no system. The aim of the system must be clear to everyone in the system. The aim must include plans for the future.” Without definitive plans, your real estate business has no system and you can hope for, at best, a haphazard approach to deals and profits – not exactly the best way to ensure future success.

Real Estate Investing Tip #2.

Emphasis on short-term profits. Sure, when it comes to real estate investing, the idea is that you get money into your pocket sooner rather than later. However, when formulating your business plan, you should be thinking long-term profits. That may mean setting up deals for the future and having a solid real estate investing business plan that ensures another group of deals soon.

Real Estate Investing Tip #3. Evaluation by performance.

If you evaluate your potential real estate deals only by performance potential, you are missing out on the potential to make your fortune. Deming strongly believed that a big part of success was intangible and that’s why he felt that businesses who cut costs to become more cost-effective ultimately failed. The companies that Deming helped turn around did not focus just on the bottom line and on performance, but on rather intangible elements such as value, quality, and customer happiness.

If you consider profitability in your real estate investing deals but also start taking into consideration what you can offer your client base, and what you can do that other real estate investors are not doing, you will be amazed at how quickly your investing business will grow. Try to make an impact and try to help others in your real estate dealings. Deming’s work shows that small, incremental improvements and a focus on quality gets more done than simple money counting.

Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of INVESTMENT properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies at http://www.InstantRealEstateSolutions.com

Chase Has Changed the Way They Value Short Sales

August 30, 2010 by TRS  
Filed under short sales


This week’s PreForeclosure Daily Grind video will give you the inside scoop on how Chase, when they are the 1st mortgage holder, recently changed how they do their valuations.

How I Beat Foreclosure and How You Can Too

August 29, 2010 by TRS  
Filed under foreclosures

A foreclosure ebook from someone who has been through foreclosure.
How I Beat Foreclosure and How You Can Too

What Is A Real Estate Wholesale Deal?

August 29, 2010 by TRS  
Filed under wholesaling

Real Simple! Here is how a wholesale deal makes you and I quick money deal after deal! Let’s break it down!
First: You find a motivated seller, Someone who really needs to sell badly. You make a wholesale priced offer (usually 40 to 60 cents on the dollar) and get that property under contract with that seller. In this example we will say that the house’s fair market value is $ 100,000.00 and we got the seller to agree to sell it to us for

$ 50,000.00. We have it under contract for 50 cents on the dollar!

Second: You find a buyer that wants to purchase the property you just put under contract with the motivated seller, and he agrees to buy it from us for let’s say $ 60,000.00. He realizes that he is getting a 100K property for 60 cents on the dollar and that he is getting a great deal on a property worth 100K when fixed up!

Third: We then go to closing and we buy it for 50K from the motivated seller and complete that transaction. Then, we turn right around immediately and resell that same property to our buyer that we found who wants to buy the property from us at 60K and complete that transaction.

So, what have we done: We paid 50K for the house and we turned right around and sold the house for 60K the SAME DAY, and we make a quick $ 10,000.00! This was a win-win-win deal for all parties involved, and here’s why:

1.) The original seller unloaded a problem house and moved on with their life!
2.) Our buyer just bought a GREAT piece of real estate at a wholesale price that he will now rent for cash flow or fix and resell at a nice profit.
3.) And you (the wholesaler) pocketed $ 10,000.00 for combining a motivated seller with a motivated real estate investor buyer!
****Today’s Free FAQ videos here? WholesalerSmarts.com

Since 2001 Eddie Case has flipped several hundred houses in the Harrisburg, PA region. Eddie’s “straight line” approach to Wholesaling revolves around the unique specialty of
“assigning his contracts” to other investor/buyers commonly, this technique is known as assignments. Eddie is the host of his own weekly radio talk show “Reality Real Estate” where he educates his listeners on the subjects of wholesaling and assignments. Eddie is dedicated to helping others succeed through understanding and applying his time tested, step-by-step approach to wholesaling houses.

How to Learn Real Estate Investing by Watching Reality TV

August 29, 2010 by TRS  
Filed under quick turn RE

 

A recent article by David Bauder in the Associated Press discussed the fact that real estate investing television and the real estate market seem curiously at odds at the moment. While reality television depicting house flipping and providing a venue to learn real estate investing continues to do well, the real estate market has noticeably cooled.

 

Bauder likens the television shows to out-of-touch developers, noting that TV programmers continue to tout real estate deals featuring a fast sale while many properties across the country languish in “for sale” status. The A&E Network’s “Flip This House,” TLC’s “Flip That House,” and Bravo’s “Flipping Out” all continue to rake in ratings and advertisers.

 

The networks are even expanding with new shows. TLC will be launching a new show, “Date My House” as well as five other related programs supposedly to help people learn real estate investing, yet the programs we’ve seen thus far are fairly untypical of the commonplace investing dilemmas investors face throughout North America. HGTV enjoyed some of its best ratings this past January, and a good part of that success stems from real estate shows.

 

Nine of HGTV’s most popular 10 shows deal with real estate. Shows such as “House Hunters,” “My First Place,” “Hidden Potential,” “Buy Me” and “Design to Sell” seem to draw in viewers in spades. HGTV even did a special in February about buying a first home.

 

As foreclosures increase, the economy goes from “Bad to Worse”, we’re witnessing the worst type of “learn real estate investing” shows that can be offered – an often glitzy, glamorous look to the upside of real estate investing….that mostly glosses over the fact that the true “reality” is that sellers nationwide are frustrated in trying to sell their properties. Since ratings are what television networks need to show advertisers in order to garner ad revenue, isn’t it a wonder why the television shows sometimes reveal an interesting lack of reality then?

There is an upside to the current programming about house flipping – as long as you are not using the shows to learn real estate investing.

 

Brad Wozny, writer and creator of “8 FIGURE Empire™: A Proven System That Shows Investors How to Generate a 6 Figure Bank Account and Realize 7 Figure Real Estate Gains in as Little as 7 Months,” points out that these shows are basically infomercials for real estate professionals (e.g. Realtors).

 

The high ratings plus this feature can make a reality show a powerful venue for real estate pros. Don’t learn real estate investing practices from TV shows is the bottom line – instead consider aligning yourself with a proven real estate investing mentor to learn real estate investing from the ground up.

Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of INVESTMENT properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies at http://www.InstantRealEstateSolutions.com

Jim TV the problem w/short sales

August 29, 2010 by TRS  
Filed under short sales


It ain’t easy buying a short sale

PRIVATE LENDERS NEEDED FOR REAL ESTATE DEALS IN TENNESSEE – MAKE 10-15% INTEREST

August 29, 2010 by TRS  
Filed under private lenders


lending.cashmoneyhousebuyer.com PRIVATE LENDERS NEEDED FOR REAL ESTATE DEALS IN TENNESSEE Easily make 10%-15% interest on your money, secured by undervalued real estate. I can purchase these properties for pennies on the dollar. That is why I am able to pay 10-15% interest That is also why your investment is so well protected! All I need is your contact information. I will find the deals and then send them to you and you will decide if you want to invest. IT IS THAT EASY! If you would like to contact me, you can send me an email at str8loball@gmail.com or call me at 731-607-0118 List 4 Less Realty 731-925-4245 Tim Crane 731-607-0118

Stop Foreclosure With a Loan Modification

August 28, 2010 by TRS  
Filed under foreclosures

Stop Foreclosure helps the borrowers who cannot make loan payments and hence helps them save their home from foreclosure. If any homeowner has a fear of loosing his/her home, he/she has a wide choice to help him save his home from foreclosure. Whatever may be the situation of the borrower the financial institutions offer great help to them and hence stops foreclosure on their home. However to benefit from the stop foreclosure with loan modifications the borrowers should take assistance from a number of mortgage institutions that are willing to help him to get a loan modification done with the approval of the lender and help him save his home on stop foreclosure. All the borrower needs is to do a bit of documentation process and provide the details accurately to the mortgage company. The mortgage company further evaluates the information provided by the borrower and then provides a number of options for loan modification to the eligible borrower. The borrower is eligible for stop foreclosure with loan modifications if he has a valid reason to miss his loan payment. This may happen if he looses his job or may fall ill, or due to an increase in genuine expenses or simply fall short of funds to make loan payments. The mortgage company helps the borrower to modify his loan and assist him to save home by stop home foreclosure. If the borrower fails to make loan payment for the first time, the investor or the bank charges you a 30-day late fee. For this the investor or the bank sends a prior notice as a reminder for non-payment. The bank also discusses forbearance plan with the borrower to work on the missed loan payment and to bring you again on path. This special plan helps the borrower to reduce his payments or delay payments to help the borrower to repay the loan. The investor or the bank may also help by refinancing the loan and helps make the payment more reasonable. For this the borrower should confirm that he will anyhow handle the modification made on payments. But if you are unsuccessful to initiate your bank or investor and further avoid payments you may be charged late charges for 6 months , then 9 months and so on…till this period you loose your credit ratings and may even loose to gain from the forbearance plan or refinance assistance provided by the bank helping you avoid home foreclosure. If the borrower can not make payments for 90 days, the bank or investor charges you with an NOD (Notice of Default) which states that the borrower has 30 days to make his loan current for which the borrower may approach the court or be prepared for foreclosure. The court orders an auction for your home to sell it within seven days. If there is no buyer for the home on auction, the bank or the lender takesover the ownership and starts with legal formalities like name transfer public notice etc… Other way round, if the borrower pays all the charges like legal fee, late fee, foreclosure fee he might be saved. A foreclosure leads to a tremendous drop in his credit ratings and may not be further eligible to borrow loans for at least four years. Luckily there are other simple ways by which a borrower can stop loan foreclosure without a big deal: a) Refinance b) Forbearance Plan c) Partial Claim d) Pre-foreclosure e) Deed-in Lieu of foreclosure f) Real estates short sales Refinance is the help offered by the bank that enables the borrower to easily pay off the loan for he should be qualified to make the payments. Forbearance Plan helps to ease or suspend payments till the payments are current again. A partial claim plan allows the borrower to make advance payment to the lender by a Promissory Note. HUD helps to grant a partial claim. A pre-foreclosure helps to sell the homeowners home with less effort and thus avoid foreclosure. Deed-in Lieu helps the borrower to stop foreclosure by selling back the property to the lender or the bank itself. Hence avoids foreclosure but at the cost of the borrowers home. Thus the borrower under a financial burden who can not make the payments to the bank or the investor can stop foreclosure by opting a number of ways mentioned above and thus saves his home with Stop Foreclosure with Loan Modifications.

To get more help on loan modification and assist the over stressed borrower log on at Loan Modification and get a number of options to stop foreclosure at Loan Modification see more learn more and stop foreclosure at 877youkeep.com

How Real Estate Investing Seminars Work

August 28, 2010 by TRS  
Filed under quick turn RE

Real estate investing seminar is a seminar organized by and for the real estate investors. Here many renowned and successful real estate investors meet to evaluate the future prospective and current proceedings. They on the same time discuss about different aspects of the investment and teach the novices about the real estate investing.

Real estate investing seminars can be a big help for you in terms of knowledge as well as networking. If you want to succeed in the real estate investing business, then real estate investing seminars are the right place for you. They will help you gain knowledge on some good strategies and features that you will require in this business. Real estate investing seminars will also let you know about every area of software and will also teach you to handle contact strategies and mail campaign.

Foreclosures are big issues these days. Real estate investing seminar will teach you how to use those special software that will help you to understand the foreclosure properly. It will also help you to make profit out of the foreclosure.

Real estate investing seminars are of two types -

- Paid real estate investing seminar

This kind of real estate investing seminar has an attendance fee of some hundred dollars. But the cost can go up to two thousand dollars. The difference of expense depends on a lot of things, like, the banner that who is doing the seminar, who are the guests, etc. If there is a whole lot of renowned guests are invited, then the price will surely go up.

- Free real estate investing seminar

In this real estate investing seminar, you will not have to pay any money. If you want to attend this, you can do it for free. Individual and small time investors generally prefer this kind of seminars. In here too, you can meet speakers, who have a good experience on this field. And also you can find out your required information from the valuable discussions.

Brad Wozny is a real estate investing expert. Let Brad show you how to connect with eager real estate investor buyers & sellers of investment properties. Access private money & creative lending resources. Claim your FREE Strategic Investment Manifesto and Download your 2 FREE real estate investing mp3 case studies.

08 – Austin Real Estate – Short Sales? REO where do I get a good deal?

August 28, 2010 by TRS  
Filed under short sales


08

Real Estate Expert Kenn Renner Discusses HUD Foreclosures on KLBJ 590AM Talk News Radio

August 27, 2010 by TRS  
Filed under foreclosures


Kenn Renner discusses the housing market in Austin, TX on Real Estate Radio on KLBJ-AM.

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