Are you thinking about investing in real estate? It can be a great way to make money. Some of the world's richest people-Donald Trump and Suleiman al-Fahim, for example-made their fortunes in real estate. Real estate is a great way to generate passive income. If you have enough passive income streams, you can quit your job and live off the residual income from your investment properties! It is worth bearing in mind, however, that like anything with huge potential payoffs, real estate investment is risky. There are no guarantees in the world of … (0 comments)
On August 22nd, 2008, the Foreclosures Help resource website conducted a survey of U.S. residents who are either now in foreclosure or at least three months delinquent on their mortgage. The purpose of the study was to get a better understanding of the needs of people who are facing foreclosure. Below are the survey results, ranked in order of popularity from most to least. 1) How exactly do I protect my home from foreclosure? The most popular question on foreclosure homeowner's minds was naturally how to stop the foreclosure. In many cases the … (0 comments)
real estate investing: 10 Property Rule is Back!
- 02/13/09 06:00 AM
by Michael Mergell, Managing Broker RE/MAX Ability Plus-Fishers I have been given some VERY good news that just can't wait till monday Here are some some-what detailed and tentative guidelines for Fannie Mae's return to a 10 financed property limit. I was tipped off early this week that Fannie was going to make this move, but I had seen nothing yet from within Countrywide. I did find that Fannie Mae is indeed working on rolling this out. This is tentative, but I like to try to be on the leading edge of things as much as I can be... 1. The projected … (0 comments)
real estate investing: Secrets to Enormously Profitable Real Estate Investing
- 02/12/09 03:57 AM
by Michael Mergell, Managing Broker RE/MAX Ability Plus-Fishers Knowing how to negotiate and close a deal is one thing. Being able to structure different types of transactions and think on your feet when in front of a seller is quite another. You need to become a transaction engineer so whatever comes your way you can handle. Here are some examples to work from and build your real estate portfolio.1. Buying a property in pre-foreclosure involves approaching the borrower/owner and offering to buy the property outright. The borrower/owner can walk away with something to show for any equity in the property and … (0 comments)
Michael Mergell, Managing Broker RE/MAX Ability Plus-Fishers
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