flip: The Anatomy of a Sale - 03/09/08 06:45 PM
The Anatomy of a Sale
A real life example of a sale from start to finish
INTRODUCTION
I. The Cash Call Ads & Phone Tactics
What they are and what to say in the ad
Questions to ask
Don't waste time on a loser
How much should I pay?
The … (1 comments)
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flip: Options As Sales Tools in Real Estate - 03/09/08 06:40 PM
Options As Sales Tools
Options can give you the "best of both worlds" between a land contract and a rental. With an option, you are renting the house with the right for the tenant to buy it later at set price and terms. The tenant/purchaser pays an additional sum over … (1 comments)
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flip: What are the different ways you can sell your property, pros and cons! - 03/09/08 06:36 PM
There's More Than The Price
There are a lot of ways you can sell your property, let's look at the pros and cons.
Mortgage Sales
Obviously, this is the most favorable way to sell your property because you get your cash out to re-invest immediately. This is also the most … (0 comments)
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flip: If you buy investment properties, what do you need to know about hiring contractors? - 03/09/08 06:28 PM
If you buy investment properties, what do you need to know about hiring contractors?
Where do you find contractor? Ask for referrals from other investors. You can also go to Home Depot early in the morning where the contractors are checking-out. Talk to the clerks about who the regulars are … (1 comments)
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flip: Independent Contractors or Employees? Using Others To Work On Your Properties - 03/09/08 06:26 PM
There are a few important concerns you should have when hiring anyone to rehab for you. Namely, they might get hurt and sue you; they might file for unemployment after the job is done, or they might claim that you were employing them and are responsible for all of the … (0 comments)
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flip: Necessary Repairs as Real Estate Investor - 03/09/08 06:23 PM
There are some repairs that you will have to maker to get your property to sell. Let's discuss them. 1. PAINTING. A fresh coat of paint works wonders for improving the looks of any house. Flat, off-white hides defects the best, especially cracks. Fix them, cover them, and hide them. … (0 comments)
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flip: Fixing up Homes as Investor - 03/09/08 06:21 PM
There are a lot of different opinions about fixing up properties, and most of them are correct. What I do to remodel a home may be considerably different than what you may want to do to fix a property. The market or area you are working in can greatly affect … (0 comments)
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flip: VA Repossessions - 03/09/08 06:19 PM
When the Veterans Administration guarantees a mortgage and the mortgagor defaults, the VA repossesses the property. To sell these properties, they offer them for sale on land contract to the public. The terms are generally favorable to the purchaser. They will take zero down on a thirty-year term contract.
The … (0 comments)
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flip: HUD Repossessions by Mark Maupin - 03/09/08 06:17 PM
Several years ago, HUD changed its guidelines. Only people who intend to occupy the properties as their personal residence for at least one year are allowed to purchase. For the most part, there are no sales to investors. However there is a section of the listings that are available for … (0 comments)
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flip: Working With Lenders With Repossessed Property (REO) by Mark Maupin - 03/09/08 06:14 PM
General
Every lender will, at one time or another, take property back due to non-payment. Most banks and mortgage companies refer to these properties as Real Estate Owned or REO’s. In this next section, I would like to discuss purchasing property from the lender after completion of the foreclosure process.
… (1 comments)
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flip: Privately Funded Mortgages - 03/09/08 06:09 PM
This is the type of financing I end up using most of the time. There are mortgage companies who will finance the purchase of investment property. Often they will finance all of the purchase depending on the equity in the property. Generally, you cannot obtain this kind of financing if … (0 comments)
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flip: All You Need Is Money - 03/09/08 06:02 PM
There are many real estate investor "gurus" that say you can buy property with no money out of pocket and become rich. Well, I've achieved the first part of this, but I'm still working on the second. I would like to look at an overview of the different sources of … (0 comments)
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flip: Purchase Agreements- What Are You Going To Offer? - 03/09/08 05:56 PM
When you have found a property, there are a few things to determine before making your offer.
HOW MUCH CAN YOU PAY? This determination is going to be made up from a number of factors, which include True Value (fair market value) of the property after repairs, the cost of … (0 comments)
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flip: Working With Your Realtor When Making An Offer as Investor - 03/09/08 05:53 PM
Unless the Realtor you are working with is experienced in buying or making offers on investment property, you will probably have to give them some "specialty training."
You will have to share your purchase parameters with your broker, i.e. price, neighborhood, seller motivation, seller financing, etc.
Then review keywords … (0 comments)
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flip: Researching The Property To Find Motivation by Mark Maupin - 03/09/08 05:51 PM
By reviewing the records at the county register of deeds for the property you are chasing you can find information that may be useful in determining the seller’s motivation.
Through research, you can determine what the property was purchased for by its current owner, when it was purchased and how … (0 comments)
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flip: Investors Whom Are You Making The Offer? - 03/09/08 05:48 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: OFFERS for Investors - 03/09/08 05:46 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: Determining The Value Of Real Estate - 03/09/08 05:44 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: Buyer Brokers for Investors - 03/09/08 05:41 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: REALTORS for Investors - 03/09/08 05:38 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: The Buying Zone for Investors - 03/09/08 05:35 PM
As a new investor, focus on a geographic area within 30 miles of your house. This is your area to “farm”. Learn the values of property in your farming area and build relationships with contractors, inspectors and ordinance officers. Focusing on the same area will also improve your knowledge of … (0 comments)
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flip: Style and design for investment Properties - 03/09/08 05:32 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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flip: What Kind Of Properties do Investors Look For? - 03/09/08 05:26 PM
This is part of a book I wrote and a taste of one real estate investing guide DVDs done by me. I will be republishing the majority of my book on my active rain blog. If you are interest in DVD or Seminar I have done on Real Estate Investing … (0 comments)
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