20 cities in the US are facing huge real estate risks
It's no surprise that real estate prices have jumped in cities within states like Florida and California.But property prices in Detroit and Flint, Michigan have also seen massive appreciation.Some prices have blasted past levels set during the previous housing bubble.Guess where the greatest real estate gains have been since the Great Recession and the... read more...
Some Tips In Order To Buy A Home
After having spent years living rent, inevitably you will think whether to buy your own home, which to arrange as you've always wanted. Such an investment shows its long-term benefits, whether you buy your new home with cash or a credit broker, because rates are lower than the rent you pay before. If you decided to move to your home, there are several... read more...
Buying Unfinished Homes
Unfinished homes present a great way to save a lot of money and get yourself a new home in the process. If you buy an unfinished home, you can keep your monthly mortgage payment low and also lower your initial investment. You may also be able to buy a larger foundation size as well, which you can easily add on to and save money in the... read more...
Benefits of Flipping Real Estate
The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not the only benefit that can be associated... read more...
Are You Committed to Your Real Estate Investment?
There are many questions that should be asked before embarking upon a career of real estate investment. The first and foremost question however should be whether or not you are truly committed to making real estate work for you. This is not a business for the faint of heart. In order to truly turn a profit you must be at times ruthless when dealing with... read more...
Why Value Range Pricing Deceives Home Buyers
When you begin looking at the listings for homes - whether you are a buyer or a seller - you may come across a type of pricing structure you have never seen before. This pricing strategy is known as value range pricing. Instead of listing a property at a fixed price, you may discover that a seller is listing his or her property using value range... read more...
What Factors to Consider When Choosing a Neighborhood
There are so many things that go into buying a new home. While many people are familiar with checking out potential neighborhoods for things like schools and crime, not everyone remembers some of the finer details of choosing a neighborhood. You are going to be there for quite a few years, so it is worth taking the time to research all aspects of what your... read more...
State AG takes aim at `zombie properties`
ALBANY - State Attorney General Eric T. Schneiderman is proposing legislation to reduce the number of "zombie properties" -- the vacant buildings lost in mortgage failures that drag down neighborhoods.He will announce Monday that he is introducing a bill to provide more protection and time for homeowners to stay in their homes. The measure also would provide... read more...
Things You Need To Know Before Selling A Home
Whether you've sold your home ten times or you're going to be selling your first, there are things that you need to know before listing your home for sale. There are many sellers who think the home selling process is very easy and doesn't take any preparation. This is not true, in most cases.Any friend, family member, colleague, Realtor, or... read more...
How to Increase Your Home's Value for $5,000 or Less
"Without a doubt one of the most cost effective ways to increase the
value of a home is to spruce it up with a fresh coat of paint. There is
nothing that will liven up a home more for short money than painting.
This is especially true if the owner has wild colors and has not stayed
neutral in their color schemes. Touching up dings in woodwork and walls... read more...
What Pre-Qualification Questions Should You Be Asking? - Real Estate Investing
When you are pre-qualifying your buyer, you absolutely must let them know that you wholesale properties, or in other
words "broker deals. " Again, if you are dealing with someone who balks at the idea of you making some money or even
some substantial money, then go find someone else. Just be up front and in no uncertain terms let them know that you
make... read more...
Beware of the Weasels - Real Estate Investing
When you are wholesaling properties you are guaranteed to run across some buyers who are under-capitalized, under-
educated, or just flat-out unethical! If a person doesn't have a lot of money or just hasn't studied up enough on real
estate to be prudent in their decisions, then by all means don't hold it against them. We were all probably there, or
may be... read more...
The Cash to Play - Real Estate Investing
This type of buyer may not have a strong borrowing ability, but has a significant amount of cash to work with. They
probably either have poor credit or may just be starting out in real estate investing and are just "getting their feet
wet." Someone who has $3,000- $5,000 is still a potential buyer for some deals and so don't rule them out.
Remember that you... read more...
Buyers with Borrowing Power - Real Estate Investing
This is the largest group of buyers that you will come into contact with. They usually will have a large credit line
established at one or more banks, and they will also have a track record that attracts banks to gladly deal with them on
a property-by-property basis. This type of borrower deals with many banks. Usually each bank sets its own maximum... read more...
Cash Buyers Are Best - Real Estate Investing
A cash buyer is your best buyer.
Cash sitting in the bank account of a buyer doesn't have to ask approval from ten different people to be taken out. A buyer who has readily
available cash is simply the best type of buyer to deal with.
They can make a decision quickly and close quickly.
The downside is that this is thesmaller percentage of buyers you will... read more...
Goals for Finding Buyers - Real Estate Investing
Who exactly are your wholesale buyers? As you develop the mindset of a true wholesaler, you'll want to go fishing for
certain types of buyers for certain types of deals. So let's talk about marketing your business to prospective buyers!
When you start a project in any endeavor, there should be an end in mind. In this case, that end is our buyer, who is
also... read more...
Goals for Finding Properties - Real Estate Investing
What types of properties should you wholesale? Keep your options open. You can still wholesale properties that may not
be your specialty or located in areas where you prefer to buy and sell houses. The more you limit your options, the less
likely deals are to come your way.
For example, if you only want to wholesale Absentee Owner properties in a given zip... read more...
Marketing Goals for Properties and Buyers - Real Estate Investing
If you're in the business of wholesaling houses, you're in the right place and reading the right book. After you
organize your business entity, the next step in starting or revitalizing a house-flipping business is marketing!
Marketing is more than just advertising. It's a reputation management system. It's a path for you to follow as
youestablish yourself... read more...
Grab A Conforming Loan Now
New lending guidelines from the Federal Housing Finance Agency will cut the down payment minimum from five percent to three percent for conforming loans that are purchased by Fannie Mae and Freddie Mac on the secondary market. This means more first-time and lower income borrowers will be able to get a conforming loan, a 30-year fixed rate mortgage, as long... read more...
Real Estate Starter Kit: Office, Signage, and Marketing
So, you've decided to be a Realtor. Starting a real estate business can be a nerve-wracking and rewarding experience. Many tasks need to get done before your new business can get off the ground. From setting up your office to planning an open house, you'll need several different supplies, including signage to promote your real estate business and listings.... read more...