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 [...]
Through every cycle, many real estate investors forget why they invested in real estate in the first place. When the market appreciates, we all come to expect that real estate prices will rise forever. Why not pay full asking price for a property when it will appreciate 20% in one year?
If you put 10% down [...]
When I think of “subject-to” deals my mind immediately goes back to when I first started in real estate and all the creative financing seminars I went to. I actually took quite a few properties into my portfolio with this particular strategy. But once I realized that landlording was giving me gray hairs and putting [...]
Foreclosure Investing