Archive for November, 2008
Six Boo-boo’s in Pre-foreclosure Investing Every Investor Should Avoid
Posted on November 30, 2008 at 10:38 pm
I have been talking in previous articles about all of the incredible and exciting opportunities in foreclosures--and there are many! However, there are also things to watch out for. I wanted to share six pitfalls with you in this article.
1. Spotting a great opportunity... too late
When a bank issues a notice of default to a home owner who has fallen behind in their payments, this notice goes onto the public record. Not only is it filed with the county recorder's office in the relevant county, but it gets included on various foreclosure listing sites on the Internet. If you're not actively monitoring these lists, and then finally come across a great opportunity... it could be too late. Some other pre-foreclosure property investor may have already negotiated to buy the home by the time you've decided to contact the owner! You need to be on guard, pay attention and act quickly!
2. Failing to gain the trust of the home owner
Right now, pre-foreclosure and foreclosure property investing is one of the biggest games in town. So you can bet that distressed home owners are being harassed by investors promising them the world. Unfortunately, this includes various scam artists and wannabes who can't fulfill their big promises. That leaves home owners more skeptical than ever, so if you don't do all you can to prove that you're legitimate... you may lose the deal before you've even stepped in the home owner's door. Build rapport with the homeowner. Sympathize and emphathize with thier situation and help them feel like their situation is not unique and there is a solution!
3. Incorrectly valuing the property
Your ability to profit from a pre-foreclosure deal largely rests on achieving a big enough margin between the market value of the property... and the price you can get it for. While you can hire an appraiser to get an appraisal of the the value, it really rests on you to get this right. You need to consider the market values of similar properties in the area, as well as the condition of the home. You also need to take into account any liens (unpaid property taxes, utility bills, etc) that may attach to the property. If you misread the value, you could get yourself in trouble. As a rule of thumb, you want to make sure that you're getting such a good discount that you could sell the home now OR in the future, and still make a profit. If you are not sure, consult with a few realtors in town to better understand what is going on in that particular neighborhood or area around the property.
4. Making an offer that's too low... or too high
Make an offer that's too low, and the home owner will simply reject it. Remember, they want to get some equity or at least settle their debts with the price you offer. On the other hand, if you offer to buy the property for too much, you could erode your own ability to profit. This is goes hand in hand with the previous item where you need to know the values first. You need to know the repairs and your profits. Know your numbers and you can't go wrong.
5. Failing to properly finance the deal
You also need to finance the deal. The last thing you want to do is to get yourself into financial difficulty by taking on a loan that YOU can't sustain! This comes with networking with lenders, mortgage brokers, realtors and other investors. Talk to your power team around you and make sure you have your financing in place to purchase the property.
6. Not learning from others
Learn from others who have already experienced the pitfalls firsthand such as what is described in http://www.ForeclosuresUnleashed.net and in the resource information below. Trial and error is the most costly way to invest in real estate because there is such a wealth of information out there that you have at your fingertips to save yourself from setbacks.
These pitfalls may seem basic... but it's often the basic things that get missed when you're eager to find the next best deal. By all means stay enthusiastic... but also be aware of the foregoing pitfalls. That way you'll be in good shape to find profitable pre-foreclosure properties to invest in.
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Primaris Retail Real Estate Investment Trust-Notice of Intention … - FOXBusiness
Posted on November 30, 2008 at 10:00 pmPrimaris Retail Real Estate Investment Trust-Notice of Intention ... - FOXBusiness
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Primaris Retail Real Estate Investment Trust-Notice of Intention ...
FOXBusiness - Primaris Retail REIT is a TSX listed real estate investment trust (TSX: PMZ.UN). Primaris Retail REIT owns 26 shopping centres, which comprise approximately ... |
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Stop your foreclosure with a short sale |  |
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US $10.95 | 13m |
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REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
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US $12.99 | 12h 14m |
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Foreclosure Investment - Is it For You?
Posted on November 30, 2008 at 12:14 pm
Buying a home facing foreclosure can seem attractive to real estate investors, for obvious reasons. The thought of walking away with an amazing deal hits the money buttons, and screams profit more than any other opportunity.
Before you begin pursuing foreclosure real estate, a simple question needs to be answered. Do you really know what is involved? You may know the financial results and the manner in which a below market value purchase can affect your balance sheet, but do you know the effect it has on a family?
Foreclosure Investing
Home owners facing foreclosure are usually in distress due to job loss, difficulties with family, or relocation issues. Or they could just be having trouble managing their income and making mortgage payments.
Most people losing a home through foreclosure have just been spending more money than they earn. By the time they are losing their home they have exhausted every source of cash in an effort to stay current with their mortgage payments.
Many real estate foreclosure investors herald the benefits they can offer owners by buying their property. An experienced investor can get home owners out of a tight spot and keep a foreclosure off of the family's credit history.
As you move into foreclosure investing just be sure to square your business mind with your conscience before you proceed. Assuming you don't have a problem, and that this kind of investing is part of your overall plan, the following tips and ideas should ensure that you have every chance to make this particular buying strategy one of your specialities.
Foreclosure Properties
Once you have made up your mind to invest in foreclosure property, a few things need to be considered. There are three periods in a foreclosure action and you must choose which ones to focus upon:
1. Preforeclosure
2. Foreclosure auction
3. Bank owned homes
Each of these buying opportunities has pluses and minuses for investors. To be successful you must understand how to cope with the problems and opportunities presented by each of them.
It is also very important that you are familiar with the laws governing foreclosures in your state. For example: In some states, foreclosures due to mortgage arrears could leave the previous owners in the home for up to a year following the foreclosure. Not allowing for that could seriously affect your investment plan.
Some home owners are working feverishly to bring their mortgage payments current and hold off a foreclosure. This scenario applies particularly to those investors who are prospecting for preforeclosures. If an owner is moving heaven and earth to find the cash to make mortgage payments, you could find yourself sniffing around a property that will stay with the owner, and ultimately be just a waste of your time and effort.
Take time to know the property. Will it need major or minor repairs after you take title? Are you going to have to evict occupants? Will the embittered occupants damage or strip the property on the same day title is transferred into your name? Does you state's foreclosure law allow the former owner a redemption period? If so, can you take the chance of spending money to rehab the property; while there's a chance the former owner can find the funds to cure the default?
Have contingency plans for all eventualities, and stick to them. All of them cost money and reduce your profit.
Buying foreclosure property can be lucrative. Just make sure that you are being purely business minded, and that you prepare for all eventualities. Consider state regulations on foreclosures, carefully determine the real value of a property, and you should be able to turn a profit.
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Real estate marketing ideas and plans to attract qualified buyers
Posted on November 30, 2008 at 9:00 amReal estate marketing ideas and plans to attract qualified buyers
Attention real estate agents and owners selling their homes: Get noticed, attract buyers and sell your listing(s) NOW for maximum value! Ignite real estate sales and increase commissions virtually overnight innovative marketing techniques THAT WORK in even in the softest markets. James Gage — who has made a killing throughout his successful investing career in niche [...]
Attention real estate agents and owners selling their homes: Get noticed, attract buyers and sell your listing(s) NOW for maximum value!
Ignite real estate sales and increase commissions virtually overnight innovative marketing techniques THAT WORK in even in the softest markets. James Gage — who has made a killing throughout his successful investing career in niche markets such as lease options, short sales and probate homes — will reveal his proven strategies for success during this special online learning opportunity from Foreclosure.com.
“Real Estate Marketing The Fusion Way!” is a LIVE 90-minute Webinar training session that is set for Wednesday, November 12 at 4 p.m. ET. To participate in — and register for — the instructional session CLICK HERE.
James will teach you how to become an “outside of the box real estate marketer,” blending various strategies — traditional and new — to create winning campaigns in 24 hours or less. It’s all about “fusion” to gain exposure — the more eyeballs you can attract to your listing(s) and services the more money you will make!
Here are just some of the topics that James will cover:
- Old approach vs. new technologies
- Effective marketing on a shoestring budget
- What works in different market cycles
- How to get winning campaigns up and running in 24 hours
NOW is your chance to learn how to create winning and effective awareness campaigns that attract qualified buyers to your listing(s) … regardless of current market conditions!
Register for “Real Estate Marketing The Fusion Way!” before it’s too late. Spots are limited and filling up FAST! CLICK HERE.
Webinars are LIVE educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.
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REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
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US $12.99 | 12h 14m |
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JOHN BECK FORECLOSURE FORCED SALE REAL ESTATE AUDIO SET | |
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Real Estate Goldmine: How to get Rich Investing in Pre-Foreclosures (Audio Business Course)
Posted on November 30, 2008 at 4:00 am
Learn the secrets to making millions in real estate pre-foreclosures. The masters of real estate, Donald Trump and Gary Eldred, show you how it's done.
Customer Review: Well worth the money
I thought this information presented in a well thought out, precise manner. Becasue of this purchase, I intend to purchase other products form this source.
Customer Review: Don't do it
This is interesting and some what informative but not worth 49,39,29 or even $19.99. If you have a friend you can borrow it from or can find someone to buy it from for $10 it might be worth it. The program is extremely vague and is given with the detail of a free pamphlet someone left on your car windshield. Get any book from the library on real estate and it will give you more information than this program. Donald Trump is great but there are no trade secretes in here. Save your money. Read More
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Stop your foreclosure with a short sale | |
|
US $10.95 | 13m |
|
REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
|
US $12.99 | 12h 14m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |
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Invest in Real Estate And Create Capital By Flipping A House For Cash
Posted on November 30, 2008 at 3:55 am
As you may hear more and more about investing in real estate the buying and holding method of gaining wealth with real estate is ideal. If you are just starting out, flipping a house may be an ideal way to get started as you will increase your opportunity for more capital to invest in real estate through the buy and hold method.
There are three ways that you can flip a house. Each one has its own advantages, disadvantages, motivation, and type of property. The first method is known as "Retailing." This is when you buy a house in bad shape, do the repairs to fix it up, then turn around and sell it. There tons of houses in need of repairs, and several ways that you can quickly flip a house to net profit. All you need to know are the techniques that will get you the most money in the least amount of time.
The second way you can make money by flipping a house is though "Wholesaling." Wholesaling involves finding a house for sale then flipping it to a real estate investor for a fast profit. In order to do this effectively, you need to network with and know the real estate investors in your area and the types of properties the real estate investors want to buy. If you live in a big area or a city, you will find that using the wholesaling method of flipping houses is actually easier to accomplish.
The third way to flip a house is by "Assigning the purchase." Using this method, you will sign a contract to purchase the house with "and/or assigns" after your name. Instead of closing the deal yourself, you will assign it to a real estate investor - for a small fee. The investor will take the contract over and close the purchase themselves. This can be very profitable, especially if you invest in the right home.
If you are looking to invest in real estate and create wealth, you will need to learn about flipping houses. Flipping houses is very profitable, especially once you have learned the basics. Finding homes that are in pre-foreclosure is a great lead source to find homes with sellers that want out.
Flipping houses can be profitable, especially as you learn which properties are best to flip and which properties are best to hold and gain long term wealth.
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Foreclosure.com booth at NAR 2008 in Orlando
Posted on November 29, 2008 at 4:00 pmForeclosure.com booth at NAR 2008 in Orlando
We’ve arrived at the Orange County Convention Center, Orlando, Fla., for the 2008 REALTORS® Conference & Expo! These are just a few pictures of our booth (#3454), which will be staffed throughout the weekend by a variety of folks from our relatively nearby headquarters in Boca Raton, including Director of Business Development/Creative Director Stephen Chip, Director [...]
We’ve arrived at the Orange County Convention Center, Orlando, Fla., for the 2008 REALTORS® Conference & Expo!
These are just a few pictures of our booth (#3454), which will be staffed throughout the weekend by a variety of folks from our relatively nearby headquarters in Boca Raton, including Director of Business Development/Creative Director Stephen Chip, Director of Partner Relations Zack Preble, General Sales Manager Anthony Segrich and Director of Education Linda Yates.
We’re introducing the Certified Foreclosure Agent (CFA) program at the show and signing up motivated agents on the spot who want to take their careers to the next level. CFA designation is an awesome way to stay on top of the latest market trends and continue to earn commissions even in the softest market conditions.
CFA agents stand out and thrive!
In addition, we are on the scene to tell you all about our Community Expert Program, which is a groundbreaking marketing solution that will help you close more buyer transactions. It’ an innovative and cost effective way to do business — thousands search for properties in your area and recognize YOU as their go-to person.
Then the calls and emails start pouring in because these buyers connect with YOU as a real estate expert. It’s a great way to build relationships today to ensure that you close the deals tomorrow. Earn more money!
Of course, the CFA and Community Expert programs are just two of the many ways in which Foreclosure.com helps real estate agents and brokers enrich their careers. Stop by booth #3454 at the 2008 REALTORS® Conference & Expo this weekend or visit us online to learn more about how we can help you.
You’ll be glad you did!
|
REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
|
US $12.99 | 12h 14m |
|
JOHN BECK FORECLOSURE FORCED SALE REAL ESTATE AUDIO SET | |
0 Bid | US $9.99 | 14h 57m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |
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Foreclosure.com booth at NAR 2008 in Orlando
Posted on November 29, 2008 at 9:00 amForeclosure.com booth at NAR 2008 in Orlando
We’ve arrived at the Orange County Convention Center, Orlando, Fla., for the 2008 REALTORS® Conference & Expo! These are just a few pictures of our booth (#3454), which will be staffed throughout the weekend by a variety of folks from our relatively nearby headquarters in Boca Raton, including Director of Business Development/Creative Director Stephen Chip, Director [...]
We’ve arrived at the Orange County Convention Center, Orlando, Fla., for the 2008 REALTORS® Conference & Expo!
These are just a few pictures of our booth (#3454), which will be staffed throughout the weekend by a variety of folks from our relatively nearby headquarters in Boca Raton, including Director of Business Development/Creative Director Stephen Chip, Director of Partner Relations Zack Preble, General Sales Manager Anthony Segrich and Director of Education Linda Yates.
We’re introducing the Certified Foreclosure Agent (CFA) program at the show and signing up motivated agents on the spot who want to take their careers to the next level. CFA designation is an awesome way to stay on top of the latest market trends and continue to earn commissions even in the softest market conditions.
CFA agents stand out and thrive!
In addition, we are on the scene to tell you all about our Community Expert Program, which is a groundbreaking marketing solution that will help you close more buyer transactions. It’ an innovative and cost effective way to do business — thousands search for properties in your area and recognize YOU as their go-to person.
Then the calls and emails start pouring in because these buyers connect with YOU as a real estate expert. It’s a great way to build relationships today to ensure that you close the deals tomorrow. Earn more money!
Of course, the CFA and Community Expert programs are just two of the many ways in which Foreclosure.com helps real estate agents and brokers enrich their careers. Stop by booth #3454 at the 2008 REALTORS® Conference & Expo this weekend or visit us online to learn more about how we can help you.
You’ll be glad you did!
|
Stop your foreclosure with a short sale | |
|
US $10.95 | 13m |
|
REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
|
US $12.99 | 12h 14m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |
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Primaris Retail Real Estate Investment Trust-Notice of Intention … - FOXBusiness
Posted on November 29, 2008 at 8:00 amPrimaris Retail Real Estate Investment Trust-Notice of Intention ... - FOXBusiness
|
Primaris Retail Real Estate Investment Trust-Notice of Intention ...
FOXBusiness - Primaris Retail REIT is a TSX listed real estate investment trust (TSX: PMZ.UN). Primaris Retail REIT owns 26 shopping centres, which comprise approximately ... |
|
Stop your foreclosure with a short sale | |
|
US $10.95 | 13m |
|
REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
|
US $12.99 | 12h 14m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |
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NAR convention 2008
Posted on November 28, 2008 at 3:00 pmNAR convention 2008
The Foreclosure.com team is on the road again, getting ready to exhibit at the 2008 Realtors(R) Conference and Expo on Orlando, Fla., from November 7-10. NAR Convention 2008 will feature more than 500 exhibiting companies and thousands of product and service innovations. It is a place where “attendees get infinite new ideas and productivity tools to [...]
The Foreclosure.com team is on the road again, getting ready to exhibit at the 2008 Realtors(R) Conference and Expo on Orlando, Fla., from November 7-10.
NAR Convention 2008 will feature more than 500 exhibiting companies and thousands of product and service innovations. It is a place where “attendees get infinite new ideas and productivity tools to save time, work more efficiently and make more money.”
It sounds like the perfect venue to introduce the Certified Foreclosure Agent (CFA) program, which is offered through Agent University. And that’s exactly what we intend to do!
CFA accreditation is a mark of distinction that is recognized by lenders, buyers and real estate professionals nationwide. CFAs enjoy more lender listings, greater exposure, increased market awareness and prestigious recognition among their peers.
To learn more about the amazing CFA benefits and how the program can help you reach soaring new heights please be sure to visit us at booth #3454 during NAR Convention 2008. We’re eager to tell you all about it and can even register you on the spot!
Feel free to also check out a full program description and numerous course offerings RIGHT HERE.
Congratulations in advance on your smart decision to join our team. We look forward to speaking with you at the show and/or working with you in an upcoming CFA lesson real soon!
|
REO FORECLOSURE LIST EVERY FORECLOSED HOME IN USA | |
|
US $12.99 | 12h 14m |
|
JOHN BECK FORECLOSURE FORCED SALE REAL ESTATE AUDIO SET | |
0 Bid | US $9.99 | 14h 57m |
| http://www.phpbay.com/affiliates/jrox.php?id=1586 |
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