Cement Block - PSL House - Must Sell -> New Kitchen / Bath / Electiric

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735 SE Airoso, Port Saint Lucie, FL
2 Bedroom / 1 Bath
Cement Block Construction <-- Not A Mobile Home!!

Call Rich: 772-708-4750
Email: rich@equityresq.com


Brand New Kitchen & Bath / Updated Electrical / Freshly Painted Inside & Out
Move In Ready - $69,500
Must Sell Fast!
http://www.735airoso.com

REALTORS WELCOME: MLS ID# R2910649

New Kitchen / New Bath / Updated Electrical / Updated Plumbing
Call & Ask About The Special Financing That Is Available!

Call Rich: 772-708-4750 Email: rich@equityresq.com

SPECIAL FINANCING OPTIONS AVAILABLE

The Home Purchase Program is designed to help Saint Lucie county residents that would not otherwise be able to own a home, purchase a home by providing assistance for down payment, closing costs, prepaids and/or repairs.

In addition, Florida Housing also offers up to $14,999 to assist eligible borrowers with their down payment and closing costs!I want to see that you take advantage of EVERY PROGRAM THAT YOU ARE ENTITLED TO!

Who is eligible for this Special Financing Program? Households are eligible for assistance if they meet the following guidelines: (CREDIT IS NOT A MAJOR FACTOR)

A) Must meet income guidelines - For This Particular Property, you must make $800 per month ($200 per week).

B) Must have worked at the same job for at least 1 year, OR within the same field of work within the last 2 years.

D) Must be able to contribute at least $500 - $1,000 toward home ownership.

What To Do Next --> Contact Rich Urban - 772-708-4750

 



735 SE Airoso at Prima Vista   google map   yahoo map

 

 

 

Have you ever wondered who's getting all of the mind blowingly profitable Real Estate deals in your community? Well I'm "That Guy"..Talking to owners in distress has really become my thing because I follow a system that none of my competition has been able to recognize.

It's quite simple actually, and I want to show you a few of my tactics so you too can be the one in town that grabs deals that all of the local investors are grabbing for.

Allow me to set the stage for you. Mrs. Johnson, a motivated seller with only 30 days until her auction, has called every single investor in town. If you had a bandit sign or an ad in the paper, you got a call from her. Every investor in town has also run the numbers on the deal to find that it's a whopper. The kind of deal that would let them put their wholesaling business on cruise control for a few months. You've received that very same call.

What do you do?

First off, "Other Investors" are irrelevant because you're going to be the one that closes the deal. For me, I like to be the first one to the house....I try to find out if she's meeting with other investors and what time, then I make sure that I'm scheduled in to be first....

A few things I would do:

1. Do research on the property and make sure you know the neighborhood comps. Print up the lowest comps that you can find...bring them with you. Print up the property appraisor's sheet on the property that you are visiting. You will look prepared and efficient.

2. Build rapport before you start even talking about the house.

3. Emphasize how you get things done quickly and easily. You're the best home buyer in your area. Let her know that she can have confidence that you'll handle everything right away and correctly. Your offer is really the best deal for her..she may get slightly higher, but they're not experts like you are.

4. If she balks at your offer, be sure to whip out those old comps and say..."I know Ms. Seller...I thought that I could pay more than that too...I really wish I could...EXCEPT...whoever bought 101 Maple Street really screwed it up for all of us. He paid so little that he brought down everyone's property value. John Doe at 202 Maple Street did the same thing..." You get the idea..make sure that you're on her team working against a greater evil. In this case the NEIGHBORS that forced you to offer such a low price....:)

5. Don't leave her with a copy of your contract EVER!!! If you leave her with an unsigned contract, she'll shop that bad boy around town so fast and every other shark will have a copy of your contract. You'll be used for leverage and you don't want that. You want to be the guy that gets the deal. I personally don't leave without a signed contract....but if you're not as ballsy as I am, you could always tell her to speak with the others and give her the courtesy of a call before she signs with anyone.

6. Make sure that you put "AND/OR Assigns" on your contract so that you can flip that contract to another investor.

Now go close that deal!

Sign Up To Receive Rich Urban's Free Real Estate Investing Course at: http://www.youngrealestateinvesting.com/freecoaching

You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there? Get your free course now -- Make Sure That You Enter Your Name & Email at: http://www.youngrealestateinvesting.com/freecoaching

 

Article Source: http://EzineArticles.com/?expert=Rich_Urban

 

The Good, The Bad, And The Ugly Of Being A Landlord...

I will present here the good sides, as well as the bad sides of being a private landlord. Consider them some useful tips for those who want to engage in a real estate activity and develop a rental business.

Most of the people who want to enter the real estate area are looking forward to making a fortune in no time, in other words, earning lots of money by doing, basically, nothing. I'll be the first to tell you that once you have the system down, Real Estate investing is quite simple. Keep in mind though, that you can't make a fortune by working three hours a day. If somebody tells you that it is possible, than they are full of crap! This is true in any type of business...You're going to have to put your time in!

The first thing to know about being a private landlord is that Rental Properties can work great as a long term profit increasing instrument, probably even the BEST vehicle for long term wealth that you can find. The problem is that it just doesn't work for new investors. And this is based upon the fact that, in many states, a landlord has fewer rights than his renters. You must manage your properties in order to keep your renters satisfied, which actually involves a lot of work, and it will probably turn out to be a mess if you pass this to a management company. You can't try a stunt like the little girl in Will Ferrell The Landlord, where she verbally abuses and threatened Will Ferrell for the rent money (If you don't know what I'm talking about, google "Will Ferrell The Landlord" it's hilarious..:) You'll end up sued, or even worse in jail!

On the other hand, if you have problems with them (for example, they don't pay their rent) and you're obviously the individual that is "In The Right", your only alternative is carrying them into court. Believe me, there are times when court is the only option, but it's the kind of thing that you should try to avoid at all costs. Any type of litigation takes a huge amount of money. And it's also possible that this will happen to you more than once. So, for getting involved in any kind of rental business, on the real estate market, you must have a significant amount of money available, just in case problems will show up. I would recommend getting involved in a rental property until you have at the very least, twenty thousand dollars sitting in the bank available to you. If you don't have these kinds of funds available, how do you expect to fix an air conditioner when it breaks or solve a leaky roof issue, or pay the plumber that comes out at 2 in the morning on a Saturday night to stop the flood in your basement? These things all cost money and there will be a time when you'll have to plunk down a nice piece of change.

Another significant aspect, which stands for every segment of almost any business, and in particular, for any rental business too, is that you must be able to communicate with other people. You must try to understand their problems, in order to find a way to solve them so that the both sides (and that means you and them, as well) will be satisfied. It's preferable that you do this work yourself, at least when you're a beginner, so that you can learn about how to earn people's trust and how to make them consider you a good thing that's happened to them. If you manage to do so, you'll probably find your own success and build a great career in this specific area.

So, it takes both experience in the real estate field and money available for one to successfully manage a rental business as a landlord. But if you have them both, than you can be sure that this is a great way of making money on a long term basis.

I hope that I haven't discouraged anyone from becoming a landlord, I just want to present the cold hard reality of what land lording really involves. Like I said earlier, with a few rental properties you can easily become a multi millionaire, the problem is that with that great wealth comes great responsibility. Just be sure that you are prepared to take on those responsibilities before you embark on your journey into real estate investing.

You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there?
Sign Up To Receive Rich Urban's Free Real Estate Investing Coaching at:
http://www.youngrealestateinvesting.com/freecoaching

 

This topic has been one of heated debate for quite some time now. You have the "Die Hard" Wholesalers, your Rehabbers, and Landlords that all feel that their strategy is the best.

Probably the best way to describe where everything fits in, it's best to think of a triangle. If you look at Real Estate like a triangle you'll see that on one side we have Rehabs, on another side we have Rental Property and on the last side of the triangle we have wholesaling.

I consider wholesaling to be the bottom side of the triangle, the foundation. Wholesaling is the foundation that quickly injects large chunks of capital into your home buying business. This is the capital that you'll be using to grow your business and purchase long term wealth vehicles like Rental Properties. I personally wouldn't recommend trying to do any of the other real estate investing strategies until you've had a few wholesale deals under your belt.

Wholesaling, or "Flipping" properties is by far the easiest way for a new real estate investor to go from zero to $20,000 in 30 - 45 days. It won't take you long to get to the point where you're making $10,000 to $20,000 checks each and every month only working a few hours a week. That's probably one of the greatest benefits that you'll find when wholesaling Real Estate.

Who wants to worry about fixing junk properties..or unclogging toilets? This is a strategy that you can put on auto pilot if you put the appropriate systems in place. If done properly, you should only need to show up to Close The Deal & then to pick up your check at the title company. Remember that time is your most valuable asset!

Once you've created your investor list (which we will discuss) it won't be hard for you to move these deals in a short amount of time, normally within 10 to 15 days. Your buyers will be paying with All Cash and financing is not an issue.

This is much easier than selling to an "End Buyer". In a slower Real Estate Market, it may literally take two to three months for you to find a qualified buyer who wants to buy the property. Remember that the keyword here is "QUALIFIED BUYER". When you're dealing with other investors you know that they either have cash or hard money, and financing isn't a big issue. When you're dealing with "Joe Q. Public" you're going to get interested buyers with various financing issues and you're the one that has to worry about getting the deal closed. Once you find a buyer, you've got to get their loan approved, then you've got to get the loan taken care of, get the appraisal and all the other things that come with a regular retail buyer, and so it may take anywhere between three months to eight months to close a deal on a rehab, going from purchase - rehab - resale.

That brings me to another reason why I prefer wholesaling real estate over rehabbing. When you buy, fix and resell real estate, you're committed to the property. Once you close on that baby it's your's...The Good And The Bad! If some unforeseen problem arises (It always does), you're going to be the one that carries the expense. If you're rehabbing a property, you've got to start by hiring a contractor or handyman. You've got to get him to do all the repairs to the property, market the property, go through the process with the end buyer. All of this may take a long time, and you are the one carrying the costs. Every day that this property remains in your possession, money is pouring out of your wallet.

In a wholesale deal, all that you are really doing is getting control of the property. You would simply take the same property that you would normally buy and rehab, and get it under contract. Then, you're taking that contract, marketing it and selling it to other investors that want to take on the project. There are investors out there that prefer doing rehabs. These are investors who have the cash to pay and who don't mind waiting six months to do a rehab. There are also investors that want to do a deal, but are horrible at talking to sellers and would not be able to secure the pricing that you can. These Rehabbers have no problem paying you an "assignment fee" (the amount that you pocket when you sell your contract) because they understand that it is a cost of doing business for them.

The Rehabber will generally net more than a wholesaler, but look back at all of the risk and time associated with doing a rehab. The average, depending upon your location is between $25,000.00 to $40,000.00. and at times even more. But most wholesale deals are going to net you anywhere between $10,000.00 and $20,000.00. Usually about half of what the average Rehabber makes per deal. However, unlike the rehabber, as a wholesaler, you have more control of the amount of money you earn. The best part of wholesaling is that your pay is directly proportionate to your ability to put deals together and not how much time or physical labor you have in a deal. As you get better at negotiating, you'll be getting properties under contract for less and less, allowing you to sell the contract for more and more.

I would personally rather do four wholesales and spend less time than to wait six to eight months for a single rehab to cash out. Even if you're in a position to wait that long, is it really worth the risk? That's the question that you need to ask your self when deciding which real estate investment strategy you want to take on. Exactly how much risk are you willing to accept?

Sign Up To Receive Rich Urban's Free Real Estate Investing Coaching at: http://www.youngrealestateinvesting.com/freecoaching You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal to you? Are you sick of all the B.S., hype, lies and scams out there?

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"Vacant - Boarded Up Houses" are my FAVORITE DEALS for quick turnaround flips. You're talking about someone that cares so little about the property that they've left it to decay. The owner of that house should be begging you to take their junk house off of their hands. Except, the only problem is, the owner has completely vanished without a trace...Or so it may appear!

In these times of computers and the Internet, It's a very rare occasion when someone can't be tracked down. Every homeowner leaves little clues, and it's your job to piece them together. If you want to be successful at this, you need to have a system and you need to follow it exactly as I'm describing it to you. If you only do one or two things, you may get lucky...but if you do them all, you'll almost always get your "Mark". I suggest you print up the following Ten Step Plan and follow the process every time you track down a seller.

The Ten Step Plan To Finding Homeowners "Bloodhound Style"

1. Place A Flier in the door stating that you buy houses in any condition & stick one of your "I Buy Houses" bandit signs right in the front yard.

2. Ask The Neighbors....Not Just immediate neighbors. I always go Four houses out on each side and across the street. You should be able to get bits and pieces of information from each person. Don't be afraid to ask questions..Leave your card and offer money (if you buy the property) for any information that they may "remember" after you leave...Ask & You Shall Receive!

3. I go to Whitepages.com or you could call 411 - You'll find about half of them right here!

4. Visit your local Tax Assessor's Office. Check the "Mailing Address" to see where the tax statements are headed. ALSO, I ALWAYS run that person's name to see if they own other property in hopes that there are more abandoned junkers that we can cut a deal on. Sometimes a new mailing address will be on other properties as well.

5. Run the name through the clerks office and look at all the recorded docs and court indexes for that person. You can often get a good picture of what's going on, and sometimes even some other addresses or addresses of relatives, etc. This is where your detective skills kick in. You want to scour through and see if you can find anything...divorce filings, new loans, liens, Law Suits. If their salary is being garnished, the employer's name and address will be their for you. . Many times you'll see that the individual is in jail or just got out of jail. You can usually find their attorney or a new address off of the arrest info. If they're in jail, you can call the prison and set up a visit with the inmate.

6. Send out a letter and put "Address Service Requested" on the envelope. Make sure that the address is hand written on the envelope and regular stamp is used (NO BULK RATE)

7. Hire a Skip Tracer. usually use "FINDTHESELLER.COM" because they're pretty inexpensive and they're pretty good at finding people that I can't with very limited info. It usually takes 24 - 48 hours to get a match but you can be trying the other methods while you're waiting.

8. If it's a unique last name, I'll start calling everyone in the phone book within the area...hoping to get a relative. I've been surprisingly successful with this "Shot Gun" approach. If the name is something like, "Johnson" or "Jones"...I wouldn't even attempt it..:)

9. Voter Registry - You can get updated addresses

10. Place the lead in your file in case another clue arises in the near future (Property goes into foreclosure, neighbors call you, someone calls on the sign, etc).

Sign Up To Receive Rich Urban's Free Real Estate Investing Course at: http://www.youngrealestateinvesting.com/freecourse
You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there?
Get your free course now -- Make Sure That You Enter Your Name & Email at: http://www.youngrealestateinvesting.com/freecourseT

 

When it comes to the Home Buying Business, the small "work out of your house" guy can easily dominate the corporate giants through simple creativity. Sure, Homevestors can afford to advertise on every billboard in town, and have several television commercials running at the same time but if you follow my strategy, you won't have to. The amount of overhead that they spend EACH MONTH on Branding makes it somewhat cost prohibitive for the newbie. If you want to beat the corporate giants, you need to think Guerilla Marketing tactics. Besides, a limited budget can actually be a benefit to the true entrepreneur. It will force you to look closely at profits and how much you buy houses for. You'll be driven by the numbers and saving money rather than Throwing Cash At Your Problems! Eventually, that cash is used up, and your problems will still remain. It's amazing how a lack of cash will create incredible focus.

If you have a ton of cash...I want you to put it away....FAR AWAY...Pretend that it doesn't exist!

The key to wholesaling Real Estate is pulling in leads of motivated sellers AS WELL AS finding tons of individuals that want to buy these wholesale priced houses in order to put the deal together.

How do we do this "On The Cheap"?

Well, I sat back the other day and wrote down every technique that I personally use to find motivated sellers and buyers for my deals and figured that I'd share them with my readers. Now, I must warn you that these techniques work best when used in conjunction with eachother. You don't have to use all one hundred techniques at the time, but I DO try to use a mix of at least 8 or 9 for any given campaign. Different strategies will work better for different people, and once you find what works for you keep shaking it up a bit and TEST TEST TEST...

Please Comment and let me know if you have any other interesting low cost strategies to grabbing tons of leads....In the mean time here are 92 lead generation strategies to help you grow your home buying business in no particular order...

1. Sales Letters to targeted neighborhoods

2. Classified advertisements in "Freebie Papers"

3. Craigslist

4. Create a Simple "Magazine" with information that would be of interest to individuals trying to save their home / divorce / etc. and place them in neighborhood convenience stores. (Can be simple black and white 2 or 3 pager) . You can get it printed CHEAP online (google it)!

4. Flyers on cars- Pay neighborhood kids to go to every mall & walmart in your area armed with "We Buy Houses" flyers.

5. Leaflet dispensers at tageted locations

6. Special reports

7. Online "We Buy Houses" page - InvestorPro.com is a great prefab one, or you could make one yourself.

8. Telemarketing - look through your local property appraisor's website and grab the info on properties in a particular area that meet your buying criteria. Go to - whitepages.com and input the address to grab a phone number. Give them a call and see if they're interested in selling or know of someone that is.

9. E-Newsletters

10. Traditional newsletters

11. Viral marketing

12. Ebooks - Write a Book about how to sell your house Easily Without a Realtor and place links to your website.

13. Magazine and paper inserts

14. Bird Dogs - Have a bunch of Worker Bees out looking for properties for you. Pay them $1,500 for every deal that you make a profit on---They only get paid when you get paid so get as many out there as you can find!!

15. Introducers

16. Bandit Signs - Some people are totally against them. I put these bad boys all over town...:)

17. Family and friends

18. Joint ventures - There are tons of other investors that want to partner up their deals in exchange for your labor.

19. Radio ads

20. PR - Cheaper than TV ads and more effective. Call your local news and get a story that ties into "Local Real Estate". Example: How To Keep From Losing Your House To The Bank In Such A Horrible Real Estate Market And Recession. <-- The news LOVES that kind of horrible, negative sounding stuff..:)

21. Position yourself / your company as an expert

22. Internet adverts (PPC) - Google adwords can get expensive but will direct IMMEDIATE traffic to your website that is TARGETED. Great for selling property to.

23. Press releases

24. Yellow page ad - A little expensive for the newbie but the response rate is quite good. I'm guessing that most people TRUST the yellow pages.

25. Local Chamber Of Commerce

26. Sponsor an award - sporting event - scholarship...anything newsworthy

27. Fax marketing - Careful with this one..:)

28. Business cards

29. Join Your Local Real Estate Investing Club - You will find tons of investors looking for partners or to purchase wholesale properties from you. Visit my website for a list.

30. Take other investors that have been doing this for years out to lunch Do The Same For local small bank presidents, Probate-Divorce Attorneys, Top Realtors...you get the idea.

31. Attend industry seminars

32. Gather and use testimonials - I usually bring a video camera to the closing to get a video testimonial for my website.

33. Offer a free consultation to discuss saving the individuals home from foreclosure. Of course, if you can help the person by moving some paper around or getting a forebearance agreement, you should do it. Believe me, it's worth it because you'll be known as the expert and will begin receiving referrals to deals that pay off far greater sums.

34. Offer to pay the individual for their time just to get your foot in the door. Yes it sounds bold...but it works!

35. Organize a seminar or a Free How-To clinic.

36. Promote an industry event - Have a booth and COLLECT AS MANY NAMES AS POSSIBLE!

37. Give endorsements to prominent people

38. Set up a Squidoo lens

39. Write articles online - EzineArticles.Com is great for that. You can put a link to your homebuying site and get ranked high on google.

40. Form alliances with other investors

41. Create a give away e.g. calendars, mugs, posters...

42. Write for the local newspaper

43. Syndicate a column

44. Create a Flier and pay the newspaper delivery guy to deliver them when he delivers the morning paper.

45. Conduct Local Real Estate Research and present it to your local media. You'll get credit for the information in a story again making you an industry expert.

46. Send articles to those in foreclosure that you might think would be helpful.

47. Advertise on buses, cabs

48. Speak at the local college

49. Panel at professional seminars

50. Write a how-to pamphlet

51. Make up cards that Offer a finder's fee

52. Do pro bono work for charity with Real Estate links - Example: Habitat for Humanity

53. Put Signs on your car

54. Make up Polo Shirts Or T-shirts and give them out (I prefer the polo collared ones

55. Pull a publicity stunt - Careful my friend...:)

56. Cross-promote with other investors - Chip in for an 800 number and advertising. Split the leads up evenly or partner the deals.

57. Enter a contest

58. Create a contest

59. Direct mail to owners that have just filed divorce

60. Post card promotions

61. Business cards

62. Networking offline

63. Networking online

64. Go To House Expos

65. Referrals

66. Speeches

67. Door Knocking - Grab a list of houses that are in foreclosure and start knocking on some doors. 68. Social networking sites -ActiveRain, Stumbleupon - DIGG - Myspace - Facebook There's Tons...

69. Christmas cards

70. Birthday cards

71. Thank you cards

72. Add value notes / paper cuttings

73. Promotional give aways..

74. Article writing

75. Online forums - Think local

76. Bill boards

77. Freebie pens / t-shirts / mugs

78. Loss leaders when selling property

79. Free teleclassses

80. Youtube

81. Ebay

82. Mini-courses - Send a ton of free content to individuals that give their contact info on your website. Investorpro automates this process.

83. Two-step paper ad

84. Rotary Club

85. Church

86. Schools - Advertise in the PTA Flier or sponsor a school function.

87. Chinese Food & Pizza Parlors - Pay them to send your flier out with every delivery that they send out.

88. Drive through older neighborhoods and locate the owners of homes that look in need of great repair, boarded up, high grass, vacant.

89. Code enforcement dept.

90. Find Owners that have Tax Leins against property.

91. Locate recent probate's -- Check Obituaries

92 Let Realtors know that you buy houses quickly for cash, and to let you know if they have any pocket listings.

Sign Up To Receive Rich Urban's Free Real Estate Investing Course at: http://www.youngrealestateinvesting.com You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there? Get your free course now -- Make Sure That You Enter Your Name & Email at: http://www.youngrealestateinvesting.com

 

Ok, so you haven't made a dime in Real Estate yet right? You want to be a Real Estate Investing Millionaire, but for some reason you can't seem to find good deals on houses. Well, I can tell you what your problem is.

You are doing all of the things that don't make you money in real estate! Going around with a Realtor, looking on the web, driving around nice neighborhoods looking for For Sale signs, telling a few people that you Buy Houses....it's a major waste of time.

That's just keeping yourself busy! Do you want to "PLAY REAL ESTATE" or do you want to be a "Real Deal" Real Estate Investor? If you don't want to do what it takes, do yourself a favor and go down to Toys R' Us pick up a game of Monopoly and call it a day. If you're more interested in the latter, then you need to listen up! Spend that time knocking on the doors of homeowners in foreclosure. Quit doing all of the "Safe" things like meeting with Realtors. That's why they're safe, because you're not going to make any money. If you don't put yourself out there...YOU'LL NEVER GET A DEAL!

What you're doing is looking for deals on houses & not looking for people that need their problems solved. No one sells their house at a serious discount unless they HAVE TO! Would you sell your house to me for 50 cents on the dollar because I'm a nice guy? Of course not, you worked hard for your home and you don't HAVE TO. But if you had lost your job, were 30 days from losing your home, and I showed you how I could put immediate cash in your pocket, wouldn't you consider it?

As investors we buy houses from people that NEED TO SELL, NOT PEOPLE THAT WANT TO SELL. When you're dealing with a Realtor, 9 times out of 10 they're going to show you nice houses, owned by people that are in no urgent rush to sell. I hardly ever deal with Realtors. I'm not saying to completely alienate yourself from them. That would be foolish. Simply network with them, and let them know that if a killer deal comes along, you can close with cash quickly. Explain what you're looking for and that's when they will call you. I wouldn't go around looking at houses with them. Most Realtors are not trained to look for the types of deals that we're looking for. Actually, they'll probably tell you that it's NOT POSSIBLE to find the kinds of deals that we do.

There's a few things that you need to be looking for..THESE are the things that will lead you to the good deals that you're looking for:
1. Divorce
2. Imprisonment or Court Costs
3. Loss of Job - Foreclosures
4. Bankruptcy
5. Death
6. Job Transfer
7. Bad Tenants - Contact Landlords who have filed evictions

Most of these types of people can be searched by looking through the public information on your local courthouse records. Depending on your location, most of the time these are available online. Situations like Loss Of Job would be discovered by looking through the foreclosures and knocking on their door. You need to focus your attention on people with these types of situations.

These people usually have serious issues that need to be solved. They at one time had the cash to pay for their mortgage and the expenses associated with it. Now due to circumstances beyond their control, things have been thrown out of whack and they need someone to get everything reorganized for them. That's your job...Solve their problem and you'll get a good deal.

Sign Up To Receive Rich Urban's Free Real Estate Investing Course at: http://www.youngrealestateinvesting.com/freecoaching
You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there?

Get your free course now -- Make Sure That You Enter Your Name & Email at:
http://www.youngrealestateinvesting.com/freecoaching
 

Upon looking at the Real Estate Investing message boards, I've come to find a very common question that seems to resurface over and over again.  "I have No Money and I have horrible credit.  Can I still invest In Real Estate?" .  I want to answer this question once and for all, so I thought about it from the perspective of having absolutely nothing.  What would I do if I was homeless and had zero resources?

Well, life is much easier if you have one of the two, but it's not a necessity.  With great credit you could write a check against a credit line and buy houses immediately. Obviously, you'd be in an even better situation with pure cash.  Still yet, all is not lost if you lack both Cash and Credit.  You will merely need to use the following strategies until you can increase either your cash supply or build up your credit:

1. Wholesale properties - Locate great deals, put them under contract and sell the contract to an investor with cash or great credit. If you do a few of these you'll be buying houses for cash in no time. Expect to make from $10,000 - $20,000 per flip depending upon the equity spread.   **THIS IS THE BEST SCENARIO FOR A NEWBIE WITH NO MONEY

2. Go through a Hard Money Lender (you can find them at a local real estate investing club) and rehab the property and sell retail. Hard money lenders will usually lend up to 70% of the After Repaired Value and base their decision on the property values not your credit. Hard Money Lenders are usually real estate investors that have amassed a ton of capital and need to make an easy return on their money. Keep in mind, you'll pay for the nose for a hard money loan and I wouldn't use them for anything that I was planning on holding for more than 3 - 4 months total. Like I said, they're expensive but if lack of funds is what's standing in the way of a nice profit, it's well worth it. What's the cost of NOT doing the deal?

3. Purchase the property Subject to the existing financing with a promise to pay the owner's portion of the proceeds in 90 - 120 days.

Example: Owner owes $50,000 and you agree to purchase the house for $62,000. You have the owner deed their property to you and you continue to make their payments every month. In 90 - 120 days when you sell the property or can Refinance (it's easier to refi then to obtain a new loan) the homeowner will get their lump sum check for $12,000.

OR....you could negotiate with the seller to receive that $12,000 over a five year period and you would just make the payment each month to them. REMEMBER--- EVERYTHING IN LIFE IS NEGOTIABLE!! This would be the best bet if you plan on using the property as a rental.

4. Find an established investor in your area and arrange a partnership on a "Deal By Deal Basis". If you locate the properties, manage everything and handle any needed work & the other investor puts up his money you'll split the deal 50 / 50. Don't be shy about contacting other investors with this proposition. BELIEVE ME, if you have a good enough deal they'll want in on it. This is a great scenario because aside from having a financial backing, you'll also be taking advantage of the years of experience that the established investor will be bringing to the table. Believe me, even though you'll be managing everything, the other investor is going to be keeping you in the right direction. After all, he wants to make money on that deal...he'll have a vested interest in it so you'll be getting a free education to boot! You just want to make sure that you have everything in writing to ensure that there are no misunderstandings when it's time to split the proceeds. Write out exactly what is expected of all parties involved and you shouldn't have any problems.

Sign Up To Receive Rich Urban's Free Real Estate Investing Coaching at:
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You want to know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal you? Are you sick of all the B.S., hype, lies and scams out there?

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I want to let you all know about a cool non-profit that is doing great things: Kiva.org

Kiva.org allows individuals to make $25 loans to low-income entrepreneurs in the developing world (microfinance). By doing so, individuals like you provide affordable working capital for the poor (money to buy a sewing machine, livestock, etc.), empowering them to earn their way out of poverty.

It's a new, direct and sustainable way to fight global poverty, with a true return on your money.

loan cycle

Anyways, if you have a minute, please check out the site: http://kiva.org. If you need more "reputable" validation than my recommendation :), know that they have received great press in publications ranging from The Wall Street Journal to NPR to BusinessWeek.

The Following Companies Currently Sponsor Kiva:

Yahoo!

 

I compiled a list of websites that I use to sell properties on the Internet. These sites will allow you to post your inventory for free, and get very good rankings in the search engines.

Feel free to respond with any websites that I left out!

http://www.rehablist.com

http://www.craiglist.com

http://www.backpage.com

http://activerain.com

http://www.zadzoo.com

http://www.wordpress.com

http://www.blogger.com  

http://www.listmeforfree.com

http://www.steveshotlist.com

http://www.freerealestateads.net 

http://www..ads4homes.com/

 

Sign Up To Receive Rich Urban's Free Real Estate Investing Coaching at: http://www.youngrealestateinvesting.com/freecoaching You want know the REAL TRUTH about making money in Real Estate that everyone else is too scared to reveal to you? Are you sick of all the B.S., hype, lies and scams out there?

Get a FREE course now -- Make Sure That You Enter Your Name & Email at:
http://www.youngrealestateinvesting.com/freecoaching
 
  
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Rich Urban

Jensen Beach, FL

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Office Phone: (561) 202-8717

Cell Phone: (772) 708-4750

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Real Estate Investing Guide / Blog For Young Real Estate Investors or individuals interested in becoming involved in Real Estate Investing. We Give away a TON of Freebies on this blog every week.


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