The preconstruction process is an innovative real estate investment opportunity in which you buy tomorrow’s property at today’s price. Preconstruction investing is a boon for the investor or buyer as well as the developer or builder. The biggest advantage of preconstruction process is that you can reserve your buy at discounted prices without investing a [...]
Mortgages first appeared in the English feudal system and have continually served as a means to obtain land ownership without paying for the total price of the land. The mortgage is essentially a contractual relationship creating an interest in land, but it is not a loan as many people often confuse it. Most mortgage agreements [...]
Because of the current downturn in the housing and mortgage market, one of the better real estate investment strategies is the short sale strategy. Quite simply, a short sale is where the bank holding a mortgage allows a real estate sale to proceed even though not enough money is generated to pay off the bank [...]
Daily, thousands of homes go into foreclosure because the owners are not able to keep up with their current mortgage payments. If you want to find a great home you need to have access to these lists. Better yet pre-foreclosure listings would be the best bet because it helps both the buyer and the homeowner.
Pre-foreclosure [...]
This is a story I heard growing up:
When my grandfather was 10 years old he found a penny. With that penny he bought a pencil. He sharpened that pencil then sold it for two cents. He took that two cents and bought two more pencils, sharpened them and sold them for four cents. He reinvested [...]
“Last year, the Minneapolis-St. Paul area had an inventory of 600 foreclosed homes at any given time, and this year we will easily reach 900 homes,” Propp said.
“The days of only inner city broken down properties are over,” he said. “Some foreclosures are in gated and golf course communities. Anyone can have financial problems and [...]
One of the most important steps in successfully flipping a home is finding the home! Not many people know how to look for a great deal yet so many companies out there are giving bogus advertisements on training seminars and do it yourself packages. In this article you’ll learn the basics of how to find [...]