investment properties: Seven Tips to Profitable Investing in Foreclosures - 05/18/10 08:29 AM
RISMEDIA, May 18, 2010-- Have you been thinking of investing in a foreclosed home? The game plan sounds simple enough: purchase a foreclosure at pennies on the dollar, cover the mortgage by renting the property to tenants, and then sell it at a tidy profit when the economy recovers. Unfortunately, when it comes to buying foreclosures, "things are not as simple as they appear," says Jim McClelland of Mack Companies, a Tinley Park, Illinois firm with a portfolio of 365 previously bank-owned homes under management.McClelland knows foreclosures: he buys two or three each week. Most of his homes are located in
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investment properties: It's All In The Numbers - 10/23/09 08:29 AM
It Is All In The Numbers by Cliff Hockley "The biggest mistake many investors make is to ignore the numbers generated by their properties." Financial statements. Let's start with financial statements, or lack of them. Many real estate investors only track the results of their real estate investments at tax time. Instead investors should be reviewing their results by reading their financials on a monthly basis, or at a minimum on a quarterly basis. I have been working with a client who always files an extension. He really never pays attention to his financial information, because it is always six
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