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Why Use a Real Estate Bird Dog

28

Mar
2013
Posted By : David Slabon 0 Comment

Real Estate Bird DogUsing 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.

Tips When Offering Owner Finance

27

Mar
2013
Posted By : David Slabon 0 Comment

owner financingOnce you decide to owner finance a home there are certain steps you can take to make sure the transaction is a win-win proposal.

One of the first things to do is evaluate your buyers.

When considering an owner financed property, find out from the buyer why they can’t get traditional financing.

What’s the Foreclosure Process?

27

Mar
2013
Posted By : David Slabon 0 Comment

foreclosure processThe 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.

Buying an Investment Property

26

Mar
2013
Posted By : David Slabon 0 Comment

Buying an Investment PropertyBeing 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.

What is House Flipping, Anyway?

26

Mar
2013
Posted By : David Slabon 0 Comment

What is House FlippingWhether 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?

How to Find Foreclosures

25

Mar
2013
Posted By : David Slabon 0 Comment

How to Find ForeclosuresWhen 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.

Buying Investment Property As-Is

25

Mar
2013
Posted By : David Slabon 0 Comment

Buying Investment PropertyWhen 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.

Real Estate Investor Loans

24

Mar
2013
Posted By : David Slabon 0 Comment

Real Estate Investor LoansLenders, 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.

The Settlement Statement

24

Mar
2013
Posted By : David Slabon 0 Comment

Settlement StatementThe 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.

Real Estate Property Analysis

23

Mar
2013
Posted By : David Slabon 0 Comment

Real Estate Property AnalysisA good real estate property analysis reveals the potential profit on a flip, or a long term hold. This means identifying every potential expense that will reduce your margins.

Depending upon the property, expenses can include a new roof or a newly remodeled kitchen or bath. Watch out for mechanical systems. A new HVAC system will costs thousands.