‘reos’ Tagged Posts

Real Estate Investing Marketing: The 2 Secrets to Success

"We buy homes for cash" - Everyone has seen those small signs around neighborhoods. There's a reason why there are so many: It's because they work. ...

 

“We buy homes for cash” – Everyone has seen those small signs around neighborhoods. There’s a reason why there are so many: It’s because they work. Direct mail works, too.

But what if you want to let people know that you are a real estate investor and you’d like to buy an inexpensive home for cash? What should you do? Will your small “we buy homes for cash” sign be seen beside all the others?

Here are 2 secrets that you need to know in order to successfully market your real estate business:

REAL ESTATE INVESTING MARKETING SECRET #1: Be different!
When there are a dozen of those “we buy homes for cash” signs on the street corner, it’s hard to see the difference between one and another. But if you have yours in the window of a store or on the side of your car or on a free mug that you fill with candy and leave on the doorsteps of homes in your target neighborhood, you’re setting yourself apart. You’re being different. When you do that, you’re likely to be heard above the noise. It’s not that your message is any different, it’s just that you’re reaching your target market in a way that no one else is.

How else can you be successful in this way? If no one else is doing postcards, do a postcard. If no one else is hiring a clown to go door to door to hand out flyers, do that. Do whatever it takes to look different from your competitors.

REAL ESTATE INVESTING MARKETING SECRET #2: WIIFM?
When you are marketing your business to people, remember to always keep coming back to the fundamental acronym: WIIFM. That means “What’s in it for me?” and the “me” in this acronym is your audience. Don’t go to a homeowner who is down on his or her luck and say “I’d like to earn an income by selling your home to someone else. That’s focused on you! Instead, say “I’d like to help you get back on your financial feet.” Notice the difference?

It works the same for everyone else, too. When you approach a bank, remember that their primary concern is trying to recapture as much of that money as possible. Going through a foreclosure for them is extremely expensive so you can point out to them that you can make it cheaper by taking a property off their hands.

Remember these two important secrets and you’ll never miss out on potential business again!

Claim your free RE Newsletter by going to: http://realestateinvestingnewsletter.com

Want to find out more on real estate investing real estate, then visit Nancy Geils site on how to choose the best business lines of credit cash for real estate for your needs.

Dealing with short sales

 

Short sales are becoming much more frequent in the United States, mainly because they are an alternative to foreclosure. Homeowners who are facing foreclosure are looking for ways to keep from damaging their credit, and a short sale does just that. Quite basically, a short sale is when the lender agrees to accept an amount less than what is owed on the property loan. It is important to understand that not all lenders will accept a short sale. In this article, you will learn some information about short sales and how to deal with the process.

If you are considering a short sale, you should first call the lender that is holding your mortgage loan. You need to specify that you need to speak only to someone who handles the short sales for the company. Be prepared to be put on hold, transferred, and even disconnected a ton of times before you get to the right person. You may even have to explain what a short sale is to the person on the other end. You do not want the general department either. You should ask to speak directly to the supervisor of the short sales department.

Your next step is to send in a written letter of authorization. This will give the lending company written permission to disclose any pertinent information to the parties that request it. You should include your name, address, the date, and account number. You should also have the document notarized, just to be on the safe side. Make a copy for yourself.

Somewhere along the way, you may find that you need a real estate lawyer. It would be best if you contact one as soon as you start looking into a short sale. The lawyer can help you through the process. When you contact a real estate lawyer, you need to ask them to prepare a preliminary net sheet for you. This document is a bunch of fee calculations that show the price you expect, the costs associated with selling the home, unpaid money you owe, and back payments and late fees.

You will also need to provide a written hardship letter. The best tip that you can get for writing this letter is to be as pitiful as possible, within reason of course. Do not simply say that you lost your job and cannot pay the full amount. You need to include other hardships that you have suffered as well as the loan problems. If you have children, you add them in somewhere as well. It sounds awful, but you need to play the sympathy card here.

In many situations, you cannot sell the home for the amount that is owed. The market rises and falls so quickly, but when it falls, it stays down for awhile. This is usually the main reason for a short sale. It is simply impossible for you to pay the amount that is still owed on the loan because the house will not sell for that much. In this case, you can obtain a comparative market analysis from the real estate agent. If you provide this document to the lender with any other documentation that they need, you are more likely to get the short sale approved.

Short sales can be a headache, not just for you, but for the real estate agents as well. There will be tons on paperwork and records that you will need to fill out and send in, but just keep in mind that lenders tend to look at short sales as a way for them to lose money so they will be rather demanding.

Keep your patience and provide what you can. Be sure, better days are ahead………

Find out more at www.investingwiththerealestatestars.com

Want to find out more about real estate investing, then visit Nancy Geils’s site to get your free newsletter how to do short sales for all your real estate information needs.

Things to think about before Investing in Real Estate

 

Are you planning to buy that perfect house? Or looking at investing in real estate? Whatever may be the case, buying property weather for personal use or for commercial purpose is a major decision as it involves a huge sum of money. There are some critical decisions to be taken regarding the property as well as the type of loan that suits your needs. Here are some of the pointers which will help you in making the decision

Do the proper research First and foremost thing is to do is to have all the ground work done beforehand. If you are a novice in this area then you will have to do lots of reading to fully understand how real estate business works. With little research you should be able to find out about the value of the property you are interested in. Check out the current prices of the area you are planning to invest in. Also keep in mind the purpose of your buying a property–weather it is for renting or selling and will the price that you buy it for will be covered in the future returns you will be getting from it.

Real Estate Agents If you are interested in buying a property but you are not ready to take the headache that comes with it, you can take the help of a real estate agent. A real estate agent will help you find the kind of property you are looking for with your price range in mind. You will be able to close the deal in lesser time as well. But before taking the help of any real estate agent, make a background check of the agent and see if he keeps your preferences in mind or not.

Different types of Mortgage One of the most important steps in any real estate deal is the mortgage. You will have to find a reputed mortgage lender from whom you will secure the loan. Based on your preference there are different types of loans which you can take for example —Fixed Rate Mortgage, Interest Only Fixed Rate Mortgage or Adjustable-Rate Mortgage.

Fixed Rate -In this type pf loan your rate of interest remains the same throughout the duration of loan.

Interest Only Fixed Rate Mortgage-This type of loan the money you have to pay is broken down in two parts .In the first half you need to pay only the interest due to you while in the second half you need to pay both interest and the principle amount

Adjustable-Rate Mortgage-This is another popular way of procuring the loan .In this for a certain period the rate of interest remain fixed after that the interest in revised very year. But there is also a “maximum limit” to which the interest rate can increase.

I hope with proper planning and strategy and right financial loans, you will end up buying or investing in the lucrative real estate market and reap great dividends in future. All the best!

Want to find out more about how to invest in real estate real estate investing, then visit Nancy Geils site to get free access to our weekly webinar trainings investing for your needs.

What to Look For in Foreclosures and REO’s

 

Have you looked into buying foreclosed homes as a way to make some money or maybe just to get yourself a nice home at a cheap price? If you have, you may be surprised to know that it’s not as easy as you may think. Foreclosed properties are often available for sale at a steeply discounted price. With that said, buyers need to be aware that buying and living in a foreclosed property isn’t as easy as it sounds. That is why some buyers rather opt for properties that are referred to as REOs. These properties are real estate owned.

As previously stated, buying and moving into a foreclosed home isn’t always as easy as it sounds. Some states tend to draw out the process, you need to know that just because you are the winning bidder at a foreclosure auction, doesn’t mean that you can move in right away. In fact, you may still end up with no home. Why? Because many states have redemption laws. These laws gives delinquent borrowers time to get their mortgage back in good standing.

It’s also important to know that many people don’t want to leave their homes. While many will do so when faced with a legal eviction notice, you may be surprised how many occupants put up a fight. In fact, there are even cases where lawsuits were brought against the new buyers! If you are unable to afford the cost of legal representation, foreclosures may not be in your best interest.

Liens and back taxes also need to be examined. Depending on the state in question, buyers of foreclosure properties may be responsible for any outstanding liens or back taxes. Don’t let this come as a surprise to you after the fact. If you’re not careful, this can significantly increase the cost of a foreclosure, possibly making it no longer affordable. For your own personal protection, always consult with a professional before buying a foreclosed property, especially at a real estate auction.

The buying of foreclosures can be considered a risky business, there are many homeowners who opt to purchase real estate owned (REO) home or property. these properties are owned by the original lenders. During this process, the lender is commonly referred to as the investor. Often times, the lender in question will buy back the home at a real estate auction. This is often done when not enough interest in generated in the auction or when the bids are anticipated to be or are low.

Many experts state that buying a REO home is the best way to buy a property that is in trouble. Why? Because at this stage, the home is likely cleared of all occupants. Financial lenders often have the means and the power to evict all occupants, even those who are against leaving. The only individuals you should have to deal with are the investors, which would be the bank. In rare events, a bank may turn over the sale of the home to a real estate agent. However, since real estate agents take a percentage of each sale, the asking price of an REO home is likely to increase. For the best price, deal with banks directly.

How you can find real estate own properties? Visit all local banks in your area, ask if there are any real estate owned properties currently available for sale. If so, request information on those properties. The online websites of nationally owned, but locally operated banks can be examined as well. Many times, REO properties are listed for sale online. Remember, the same information can be acquired by scheduling an in person meeting with the bank’s loan officer or real estate advisor.

An important warning, whenever you are interested in buying a home, whether it be through a traditional real estate agent sale, an REO, or a foreclosed property, never enter into any agreements without the proper legal knowledge. Always hire or consultant with an attorney who specializes in real estate or foreclosures.

For more free training on Real Estate Investing go to my site: www.investingwiththestars.net/season3

Want to find out more about real estate investing. Join my Free Webinar Seriesreak estate investing, then visit NANCY GEILS’s site on how to choose the best real estate strategies for buying and selling housesforeclosures and REOs for your investing needs

Business Lines of Credit For Real Estate

 

Business lines of credit – thing of the moment

Investing in real estate has become a new lifestyle choice for thousands of people all over the world. With the increase in foreclosed homes and auction sold properties in the last year; there has been a dramatic increase in the possibilities of finding great houses for bargain prices. Investors are buying foreclosed properties, doing them up and selling them on for great profits. Flipping houses has become a new trend in real estate, and has proved to be a great way to make money. Having money readily available to refurbish the properties however is one of the biggest problems that new investors face, but business lines of credit are providing them with the ultimate solution.

Business lines of credit are a revolving credit facility provided by banks and financial institutions. Investors can apply for a line of credit with a bank which is typically given as either a cash credit or in the form of an overdraft. The agreed credit limit is then readily available for when the need arises, and the money can be used to flip a new home.

Business lines of credit are proving to be very beneficial to businesses worldwide. Unlike the traditional loans; lines of credit can be drawn upon and repaid at any time, and interest is only charged on the outstanding balance. There is no term time for business lines of credit, so the money can sit in your bank until it is needed. There is typically an annual review conducted with the financial institution, where credit amounts can be changed if desired.

Real estate investors are finding business lines of credit a very valuable asset. The increased cash flow enables refurbishment and renovation work to be done on a property without the need of having to use your own money. Cash can be drawn out of the bank and used to decorate and do up a property, and can be repaid upon the sale of the house. Business lines of credit provide investors with a new flexibility which is proving to be highly valuable.

Having money readily available to buy and do up a property is one of the biggest problems that a new real estate investor can face, and business lines of credit are solving that problem. After having purchased a home in need of revamping; money is at hand to fix up the house to a great standard. The property can then be put back onto the real estate market and be sold for a large profit to a new buyer. The money made on the sale of the house can be partly used to repay the financial institution or bank, and the rest is pure profit. Once a new investor has flipped their first house, it becomes easier to do a second, and eventually to manage a larger property portfolio. Business lines of credit are allowing new investors to find the means to buy and do up homes and to realise their dreams as real estate investors.

For more info: Go to www.findcashforrealestate.com

Want to find out more about lines of credit for your deals? private lending, then visit Nancy Geils’s site on how to invest in real estate and join our free training classes with the experts! real estate investing for all your needs.

Real estate investing

 

Thousands of people worldwide have been building up their property portfolios in the last year, and are making money buying and selling foreclosures. Real estate investing has never been easier with the steep decline in property prices making it much more viable and realistic to buy property.

Real estate investing has become more popular in the last year, with people all over the world buying up foreclosures for bargain prices. In the past, it was primarily knowledgeable real estate investors who scoured the property market; today it has become a way of life for people from all walks of life who are making a killing buying homes for a cheaper than value price.

Real estate investing has proven to be a great way to make a living, and the recent increase in foreclosures has made making a profit much more tangible. Buying property for a price so much lower than market value has guaranteed a substantial profit for investors when they sell the properties on. Acute investors are raking in money selling their acquired properties onwards to buyers, and people are finding that the time is right to get in on the action.

Researching an area is a great way to begin the process of real estate investing. Knowing the popularity of a neighbourhood and what a home is worth on the market are two important aspects of the research. Foreclosures in popular areas are often a great investment, as the chance of selling the property for a profit is much more likely. Home buyers are always keen to live and buy in popular areas and the property prices will continue to rise as we begin to climb out of the recession.

Real estate investing has become a reality for thousands of people who would previously never have imagined building up their own property portfolio. Foreclosures have provided people with the opportunities to invest their money in this market and to make money in the process. The time to begin real estate investing is upon us all now, as cheap foreclosures and bank-owned properties are a reality that is waiting to be taken.

For more information please join our free webinar weekly seminars at:
www.investingwiththestars.net/season3

Want to find out more about real estate investing, then visit Nancy Geils’s site to get your free newsletter keyword #2 for all your real estate information needs.

Creative Ways to Invest In Real Estate

 

SUBJECT TO: Subject-to investing means that you are buying a home “subject to” the existing financing. You get the deed to the home but the original owner keeps the mortgage in their name. You take over payments of the mortgage and ultimately sell the deed to someone else.

WHOLESALING: This is where you buy a home inexpensively and then sell it to another real estate investor. You might not make as much as if you fixed up the home and sold it to a consumer but you can flip houses quickly this way.

REHABBING: This is the well-known (and well-televised) strategy of buying an inexpensive home and fixing it up to resell it to someone else. There is some time and money involved in the restoration process but you can dramatically increase the value of your investment.

LANDLORDING: A well-known strategy to buy property and then rent it out to someone else. Although there are headaches with this strategy, you get an ongoing stream of monthly income as well as the appreciated value of the property over the years.

There are other types of real estate investing but these are among the most popular and lucrative and investors are making thousands on these methods right now.

There are many more strategies for investing in real estate, especially in today’s unstable market. You can go to my website where I hold training with the Experts of Real Estate every week and sign up for FREE! Just go to www.investingwiththestars.net/season3 and enter you name and primary email address and you will see all the speakers I have lined up to teach all the newest strategies. You will reall get a lot out of these trainings and pick up some great tips you can use right away.

Nancy Geils
www.investingwiththestars.net/season3

Want to find out more about how to invest in real estate like the experts do and claim your free 5 week mini-course on tips and strategies. Go Now to www.reiforyou.com and sign up for FREE Trainings on RE Investing making money with real estate for your education.

Want to find out more about real estate investing? real estate investing, then visit Nancy Geils’s site to learn how to choose the best advice on real estate investing today. Also sign up for free Tuesday night trainings at real estate seminars for all your needs.

How Do I find Money For My Real Estate Deals?

 

We all know that once you’ve started to make money and you’ve started earning a cash flow, things will be different. But that very initial “oomph” that will get your business started requires someone to stake you some money.

The standard places that investors go when they need money are:
* Borrowing with credit cards or against assets and personal credit
* Borrowing from friends or family

We all know that none of these options are really ideal. Your credit cards have usurious interest rates; you can only borrow so much against your assets before you run out of “borrowable” room; your personal credit is a risky thing to borrow against; your friends and family could quickly become your ex-friends and the family you don’t speak to any more.

Unfortunately, it doesn’t seem like there are any other options.

But there are. In this downloadable book, I’ll show you other options you can use to borrow money to fund your deals. You’ll learn the secrets that the pros use to generate investment capital that they can use to fund deals; and this capital is surprisingly easy to find, fairly easy to get, and could be the spark you need to get your real estate business really growing.

You should note that this ebook isn’t JUST for beginners. However, I reference beginners frequently because those are often the investors that need the most help finding money. If you’re a seasoned pro who has someone made your way through the real estate investing jungle and you are looking for ideas, advice, and suggestions on how to improve where you get your investment capital from, you’ll benefit from this downloadable book, too.

That’s because what you’ll read here, no matter where you are in the “timeline” of real estate investing – whether a novice or an expert – applies to everyone. That’s because we’re working on one concept here: The “snowball” concept of investing. The “snowball” concept of investing suggests that if you invest $1 today and earn back another $1, you’ll have $2 that you can then apply to your next investment which might earn $4 and then the next one which will earn $8, etc. Essentially, every previous successful investment adds to your potential for a bigger, better, and more lucrative next deal. So if you want help with this snowball method – if you want help creating an avalanche of money! – then this ebook is for you.

Ready to get started? If you’ve turned on the car and you have the gearshift in drive, my downloadable ebook will show you where the gas pedal is.

Learn more about real estate investingbusiness liens of credit. Stop by Nancy Geils’s site where you can find out all about investing from the top experts in real estatereal estate investing and what it can do for you.

Creative Ways to Make More Money in Real Estate Investing

 

SUBJECT TO: Subject-to investing means that you are buying a home “subject to” the existing financing. You get the deed to the home but the original owner keeps the mortgage in their name. You take over payments of the mortgage and ultimately sell the deed to someone else.

WHOLESALING: This is where you buy a home inexpensively and then sell it to another real estate investor. You might not make as much as if you fixed up the home and sold it to a consumer but you can flip houses quickly this way.

REHABBING: This is the well-known (and well-televised) strategy of buying an inexpensive home and fixing it up to resell it to someone else. There is some time and money involved in the restoration process but you can dramatically increase the value of your investment.

LANDLORDING: A well-known strategy to buy property and then rent it out to someone else. Although there are headaches with this strategy, you get an ongoing stream of monthly income as well as the appreciated value of the property over the years.

There are other types of real estate investing but these are among the most popular and lucrative and investors are making thousands on these methods right now.

There are many more strategies for investing in real estate, especially in today’s unstable market. You can go to my website where I hold training with the Experts of Real Estate every week and sign up for FREE! Just go to www.investingwiththestars.net/season3 and enter you name and primary email address and you will see all the speakers I have lined up to teach all the newest strategies. You will reall get a lot out of these trainings and pick up some great tips you can use right away.

Nancy Geils
Investing with the Stars

Looking for info on real estate investing, go to real estate investing, to claim your FREE 6 month newsletter on tips and strategies to make more money in real estate investing! Then visitwww.investingwiththestars.net to find the best advice that the experts offer atreal estate investing training for you.

categories: real estate investing, easy real estate investing, real estate, REOs, finding real estate properties, short sales, foreclosures, preforeclosures, HUD, investing in real estate, alan cowgill, carelton sheets

The 2 Secrets to Success

 

“We buy homes for cash” – Everyone has seen those small signs around neighborhoods. There’s a reason why there are so many: It’s because they work. Direct mail works, too.

But what if you want to let people know that you are a real estate investor and you’d like to buy an inexpensive home for cash? What should you do? Will your small “we buy homes for cash” sign be seen beside all the others?

Here are 2 secrets that you need to know in order to successfully market your real estate business:

REAL ESTATE INVESTING MARKETING SECRET #1: Be different!
When there are a dozen of those “we buy homes for cash” signs on the street corner, it’s hard to see the difference between one and another. But if you have yours in the window of a store or on the side of your car or on a free mug that you fill with candy and leave on the doorsteps of homes in your target neighborhood, you’re setting yourself apart. You’re being different. When you do that, you’re likely to be heard above the noise. It’s not that your message is any different, it’s just that you’re reaching your target market in a way that no one else is.

How else can you be successful in this way? If no one else is doing postcards, do a postcard. If no one else is hiring a clown to go door to door to hand out flyers, do that. Do whatever it takes to look different from your competitors.

REAL ESTATE INVESTING MARKETING SECRET #2: WIIFM?
When you are marketing your business to people, remember to always keep coming back to the fundamental acronym: WIIFM. That means “What’s in it for me?” and the “me” in this acronym is your audience. Don’t go to a homeowner who is down on his or her luck and say “I’d like to earn an income by selling your home to someone else. That’s focused on you! Instead, say “I’d like to help you get back on your financial feet.” Notice the difference?

It works the same for everyone else, too. When you approach a bank, remember that their primary concern is trying to recapture as much of that money as possible. Going through a foreclosure for them is extremely expensive so you can point out to them that you can make it cheaper by taking a property off their hands.

Remember these two important secrets and you’ll never miss out on potential business again!

Want to find out more about Real Estate, then visit Nancy Geils’s site on how to choose the best Real Estate for your needs.