29
Mar
Buying investment property and negotiating a real estate contract mean two different things, depending upon which side of the transaction you’re on.
If you’re buying an investment property, you want the lowest possible price. And if you’re the seller of the flip you want the highest price possible based upon local market conditions. Either way, negotiating a successful sales contract for a flip is a critical part of the process.
28
Mar
The flip analysis is critical to your success.
Real estate investing means converting your time, talent and your treasure into profits by employing proven strategies.
Investing at its core means buying low and selling high.
28
Mar
Using a real estate bird dog can be one of the most profitable, effective ways to find investment real estate.
No, not the bird dog needed for a pheasant hunt—a bird dog that sniffs out real estate deals for you.
27
Mar
The foreclosure process begins when a homeowner begins to fall behind on their payments, lenders are required to follow an established process before the lender can file for foreclosure proceedings.
26
Mar
Being successful at buying investment property takes time and knowledge.
The problem is some experienced flippers keep their secrets to themselves.
Or maybe they don’t and write a book about it like “House Flipping for Dummies” or some other title.
26
Mar
Whether you are house flipping in Reading, Pennsylvania or flipping houses in Los Angeles, CA, the process is essentially the same.
So What is House Flipping?
You find a property, whether listed for sale or not, determine how much you can buy the property for, how much it will cost to renovate it, how much you can make and how long it might take to sell it. Seems simple enough, right?
25
Mar
When investing in real estate for a flip, knowing how to find a foreclosure property is critical to making big profits.
Quick scenario…
The owner is behind on their mortgage and the lender is threatening to take back the house.
25
Mar
When buying investment property there are two real estate terms used to describe the current condition of a property, “As Is” and “As Completed.”
If you don’t know the difference between the two, it’s possible you’ll have a property that can’t be sold because a lender won’t finance the purchase.
24
Mar
Lenders, both large and small offer a range of real estate investor loan programs to purchase, remodel or build a home.
Buyers can choose the term of the loan as well as between a fixed rate and an adjustable rate loan.
24
Mar
The one document that will gain the greatest share of your attention when you go to closing is the settlement statement.
The settlement statement represents the financial reckoning between the seller and the buyer and all parties in between and lists all fees associated with the property purchased.
