Comments for Foreclosure Investing Short Sales

Comment on Real Estate Investing, Tricks of The Trade by James Kyle Sanders

James Kyle Sanders — Tue, 09 Mar 2010 01:54:59 +0000

If you want an excellent rapid education in real estate, go to
http://www.express-success.org. I offer a complete on-line real estate course together with many others. I hope I can be of assistance.

-Kyle Sanders
References :

Comment on Real Estate Investing, Tricks of The Trade by tianaramal

tianaramal — Tue, 09 Mar 2010 01:52:59 +0000

There is tons of info on real estate investing. You first must decide what type of investments you want to do flipping, development or rentals. I work with a few investors and they key is to know your market very well so you can spot a good deal wether it’s a flip, land or a rental property. You should build a strong network of realtors, bankers, attorneys and contactors. You should also know about real estate law, zoning, construction costs,financing and most of all market value and trends in your target area. A book can help you but you really have to take it upon yourself to learn from all these things on your own.
References :
Experience - Real Estate Appraiser

Comment on Real Estate Investing, Tricks of The Trade by ramman

ramman — Tue, 09 Mar 2010 01:50:59 +0000

Most of the books all say the same things. Most of the books I have read always left me with a feeling that they left out the one "key".

Better would be to find a real estate investment club in your area, and possibly a mentor.

Also, you may find a Realtor in your area that specializes in investment properties (but some are better than others as far as helping and educating you).

If you need a referral to an agent in your area, I can help.
References :
http://www.bestrealtorohio.com

Comment on Real Estate Investing, Tricks of The Trade by Skip

Skip — Tue, 09 Mar 2010 01:48:59 +0000

I almost past your question up. I had thought you wante to become a real estate agent.

This is a good field to become pretty well off over a period of time add become more than well off if you are able to sustain your passion and help people out.

There are several books you can buy at your favorite book store about concerning flipping and foreclosures. You might also check out the same books at the library in most cases. You can also find them on-line.

You might also purchase one of the lae night TV guru’s foreclosure and distressed property programs. These programs will give you legal forms as well as scripts to use on your potential clients. They will also give you the figures in which to work so you may earn a profit.

There a certain things you can do, so as to save some of your cash. Put as little down as possible to control the property.

My method of obtaining my goals are that I keep one out of every three properties for rental. This gives you some tax write off as well as income for later in life.

You should contact your tax advisor or cpa for tax advice.

I have also learned to use a ROTH IRA for retirement. It is a good tool to use and will also save you on taxes in the long run. You can check with your financial advisor or information on these instruments.

You will need to put together a professisonal team to assist you in your new business. They will assist you in finding properties as well as you will also help them in their business.

Look for the following individuals to make friends with, an appraiser, an attorney, a notary, an insurance agent that sells homeowner’s policies, a mortgage banker and most of all get to know by name the vice president of the bank in which you will be banking. These people should pass out your card to individuals that need your serevices and you should pass out their cards of clients that need your services.

You will also need to know how you are gonna market yourself so others will know that you are in the business of buying distressed properties.

#1 You can advertise in the local news paper each week, could be expensive, but might pay off in the long run.

#2. Advertise in those throw away weekly magizines. I understand they are helpful in away.

#3 Select an area to work in exclusively directing all your advertisement into this one area, sending out flyers each and every month thus becoming known in the area as the foreclosure consultant. I find this method to be of the most benefits as I walk and pass out the flyers, thus getting to know those that live there. I also get additional information when I meet someone in the yard, I speak with them, ask for their email address so I can email them a flyer or other material I want them to have.

After about 2-4 months you should be getting about 1-2 houses out of the area plus a number of referrals.

I hope this has been of some use to you, good luck.

"FIGHT ON"
References :

Comment on Real Estate Investing, Tricks of The Trade by gregtkt120012002

gregtkt120012002 — Tue, 09 Mar 2010 01:46:59 +0000

well you don’t need a license in some states if you buy or sell houses/apartments for yourself and by yourself. It’s ok to help friends/family buy/sell homes aswell as long as they don’t pay you.
References :
Working 4 years in a real estate office.

Comment on Real Estate Investing, Tricks of The Trade by zocko

zocko — Tue, 09 Mar 2010 01:44:59 +0000

do you want to buy and rent? Buy, fix and sell? Buy, move in, fix and sell? commercial or residential? Do you plan to do any work yourself?
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Comment on Real Estate Investing, Tricks of The Trade by courisousgeorge

courisousgeorge — Mon, 08 Mar 2010 20:42:01 +0000

i want to know the trick of the trade on real estate?
i have some money saved up and want to invest in real estate. i dont want to bother with the license. i just wanat to start investing. i want to read a book that will teach me some really good ideas on how to build wealth in the real estate business. any really good books. i dont want a get rich quick book. just something that will point me in the right direction

Comment on Real Estate Investing In Tax lien Certificates by gatzap

gatzap — Sun, 07 Mar 2010 05:34:59 +0000

For any property with real value the tax certificates will be bid on by the mortgage holder. They will bid right down to 0.0% to make sure they maintain their interest first in line.
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Comment on Real Estate Investing In Tax lien Certificates by Ed Atun

Ed Atun — Sun, 07 Mar 2010 05:32:59 +0000

To bid at the auction, you have to pay 2 years of back taxes. Your $1,500 would be enuf to pay the taxes on 1 small house. When people see this, they decide to bid on cheaper houses so they can have a better chance at getting "something". Don’t do it. Raise your hand and get a house you want.
The County Treasurer has a booklet with all the information. It is the easiest auction you will ever attend..
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Comment on Deed In Lieu Of Foreclosure by S

Sun, 07 Mar 2010 05:31:59 +0000

First you need to talk to your ex-wife and come up with an agreement. Looks like you can’t do anything unless she agree since she is on the mortgage. If she don’t care about her credit and willing to take a hit, then you will need to contact the bank about a short sale first and market your house. The bank will need a hardship letter stating why you are in a hardship. Just explain your situation. After a couple months of marketing your house and it does not sell, than ask for a deed in lieu. They will only accept a deed in lieu if there is no lien or second mortage. If there is, they will let it foreclose so the junior lien gets eliminated. Also, if you have lots of money in the bank and huge assets, the bank will not budge with anything because they know you can afford it.

Before doing anything, do lots of research on all options because the bank does not want the house. They will offer you other option first.

Your wife can not be remove from the loan. If she don’t want to take a hit on her credit then she should up some cash to help out until you can find a solution. you can also offer the house to her and move out. If she shows no intreset then it is what it is.

Good luck
References :
personal experience.