May 27th 2008
In order to get good at buying and reselling foreclosures you need to understand the process,
Foreclosure starts off as a default when a borrower gets behind on payments and the lender demands control of the property to repay the debt since that is the collateral.
The causes of foreclosure are many and can be for :
May 23rd 2008
I think that knowing how to come up with a proper offer is the most important thing you can know in this business. This allows you to have a much better idea of how profitable this purchase is or is not going to be.
It also allows you to make decisions based on profit potential only.
Here is the worksheet to help you calculate the Maximum Offer:
May 21st 2008
There are several strategies that I use when I either do not have the money for down payments to purchase real estate or just prefer to use leverage instead.
Here I am going to discuss some of the techniques that are available for these types of situations.
They are in no particular order but are all good to have in your arsenal so you can use the one that best fits the situation.
The first one is:
May 20th 2008
There are several strategies that I use when I either do not have the money for down payments to purchase real estate or just prefer to use leverage instead.
Here I am going to discuss some of the techniques that are available for these types of situations.
They are in no particular order but are all good to have in your arsenal so you can use the one that best fits the situation.
The first one is:
May 19th 2008
As a Canadian from Toronto, now living in Florida, I am always happy to see anther Canadian buying here. I moved here in 1989 after visiting my folks after they retired to South Florida in 1985.
I remember that day like it was yesterday because the temp when I left Toronto was -34 with the wind chill factor but when I arrived in Florida it was 84 degrees and this was in February.
May 17th 2008
Here is a great article from Robert Kiyosake
called Why the Rich Get Richer
Survival of the Richest
Most of us are aware of the sacrificial slaughter of Bear Sterns. Some people call it a bailout, but I call it a handout — a government handout to some of the richest people on Earth, paid for by American taxpayers.
May 16th 2008
Ok, if you have not read my previous post on purchase contracts do so now before continuing.
How to become a real estate investor-Part 5 of 30- Sales Contracts
Becoming a full time real estate investor requires systems, checks and balances.
Here is a checklist that you should use to make sure you are doing things correctly and not leaving anything to chance.
Remember, ask for as much as you can as you can always back down but it is very difficult to renegotiate for more. Here is the list:
May 11th 2008
Do you know what a contract to purchase is and what is essential to include in it to make it legal and binding?
Why should you try to create your own contracts?
When should you use a standard contract?
There are several elements you should include in a contract such as:
May 5th 2008
There are several different types of real estate investments and the top 3 are Single Family Homes, Multi Family (4 units or more) and Commercial Properties.
You also need to know what your plans are for a property , preferably before you close on the purchase. Are you going to:
May 5th 2008
The deal usually has to be created by the real estate investor. Do not expect the seller to offer you the best deal and great terms.
You need to know a few different strategies in order to benefit the sellers situation and your own. First impressions are extremely important at this stage as the seller wants to know that you can solve his problem and that he is dealing with a professional.
 The
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