real estate investments: Buyers Beware - The Best Deals Aren't Always at Foreclosure Sale!
- 02/15/10 12:16 PM
An agent in my office is attending the Denver County and Arapahoe County foreclosure auctions regularly. He has an investor client looking for properties at foreclosure sale. We had an interesting discussion last week. Many buyers think that they need to buy a foreclosure to "get the best deal." There are a few things buyers should know: You must bring cash to the foreclosure auction. There are no mortgages. You won't have the opportunity to inspect the property. They are truly sold "as is." Investors are breathing heavy over the foreclosures in Denver these days. Our market is hearalded as the … (2 comments)
real estate investments: Knowing When It’s Time to Buy a Move Up House
- 02/24/09 01:23 PM
In today’s real estate market, there is a very compelling argument that it’s a good time to buy a move up property. You say, “I can’t sell now, I’ve lost money on my house.” Assuming you’re not upside down and owe more than the house is worth, you may not be losing as much as you think. Say you’ve lost 20% in value - as shown in the first slide - your “loss” compared with the loss the larger property incurs wouldn’t be as high. The percentage decline is a function of the value of each of the homes. If your … (1 comments)
real estate investments: Your IRA and 401k Can Buy a House! Five Ways to Become a Landlord on Someone Else’s Money
- 02/15/09 05:22 AM
You know that this would be a great time to get into investing. You know that mortgage rates are down. You know that the millions of people losing their homes to foreclosure can’t stay on their mother-in-law’s couch much longer. And you know that sellers are bargaining when a buyer finally does walk through the door. Why not buy a rental property? Yes, I know. You’re thinking: I don’t have any money for down payment or fix up costs I don’t think I’d make a good landlord My credit score is too low to qualify for a loan My investment adviser … (2 comments)
An agent in my office is attending the Denver County and Arapahoe County foreclosure auctions regularly. He has an investor client looking for properties at foreclosure sale. We had an interesting discussion last week.
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