Philip Smith has been educating buyers on the finer points of Foreclosed Homes purchase at ForeclosureDeals.com for over nine years. Click here to visit and read more advice on buying discount real estate.
Archive for Real Estate Investment
Jul
01
3 Killer Tips To Sell Your Real Estate Investment Properties Faster
Posted by: | CommentsOkay there are 3 tips and they are all in the same area, staging. The purpose of staging is to make your house as appealing as possible to the buyer.
First, The Not So Secret Tips
You want your property that you are trying to sell to look big, open, spacious and welcoming, so the first step is to empty the house out as much as possible, leaving just a few key pieces of furniture to help set the mood. Make sure all necessary repairs are done.
Clean the carpets, walls and especially the front lawn and your doorway, as that’s your buyer’s first impression.
Make sure the front door is clean or freshly painted.
The 3 Staging Secrets
Secret #1 – Scent
Most people don’t realize how important scent is. Out of the five senses, scent actually has the strongest direct link to our emotions. Since most buyers in your area are going to buy based on emotions, it’s vital that you make sure your house smells great. Scented Air Fresheners or Candles will work wonders. Pet odors are a major turn off and will require extreme cleaning.
Secret #2 – Lighting
Most people underestimate how important lighting is when it comes to staging. Open all the curtains and turn on all the lights. If it’s still too dim, get some extra lamps to help with lighting. A brightly lit home seems cheery and inviting, while a dark home seems gloomy and depressing.
Secret #3 – Collect Contract Info and Follow up
Collecting the contact information of your potential buyers or their agent’s contact info, allows you to drastically increase the chances of them returning or making an offer. Less experienced real estate investors are less likely to want to make “warm calls” (cold calls from leads,) so be sure you’re either willing to do that yourself, you hire it out to someone who will do it, you have a partner who will take care of this for you or your are working with an agent who’s willing to do this. Very often Buyers will be considering more than one property and can be convinced to take a second look.
If you follow all the common sense tactics of home staging, then on top of that make sure you home has a great scent that accentuates the house, is properly lit and you follow up with your prospects, you’ll be far ahead of the curve when it comes to selling your home.
Related Websites -
What is Debt Leverage? Leverage is a term that is often used synonymously with debt, and for this reason, it is important that people come to understand what debt leveraging actually means, and how it works in an ordinary financial transaction, such as buying a home for example. Let us suppose that you are...... -
10 Worst Real Estate Markets In 2009 As I mentioned in a previous post, the real estate market hasn't hit bottom yet. According to an Article in Fortune Magazine, 8 of the top 10 worst real estate markets in 2009 are in California. The range of the predicted price decline is between 20 to 25%. 1. Los Angeles 2008 median house...... -
Is It Still A Good Time To Invest In Real Estate? Well, it depends on a lot of factors. Like where you're investing. There's a really good site called Housing Tracker that tracks the inventory and median home price for major cities. It has a pretty simple interface and its a great resource. Looking at Los Angeles I saw the inventory...... -
Stocks vs. Real Estate May's Money Magazine tries to answer the Stocks vs. Real Estate question (see page 94). I had thought that real estate was going to come out the big winner. I know that real estate has been really popular of late, but I had it as the favorite due to the...... -
The Mortgage Crisis and Investments in Real Estate According to regional and state real estate analysts, the factors which previously fueled the housing boom of the last few years are easy to explain. The factors that fueled this boom in the real instate industry ranged significantly, including: - Interest rates that were historically low. - Flight-Risk Safety Investments......
Jul
01
Credit Scores And Financing For Your Real Estate Investing Deals
Posted by: | CommentsWhat If You Don’t Have A Credit Score, You’re Just Starting Out and Want To Invest In Real Estate?
No Credit Scores? Not to worry. It’s actually quite common. There are lots of people out there that don’t have any credit. It is like a double edge sword, no credit could hurt you, but bad credit will definitely hurt you. Normally people that have no credit scores, fall into two categories.
1. Young and just starting out.
2. They pay cash for everything.
FHA Loans To The Rescue
Luckily there is hope for individuals that don’t have credit scores and want to buy a home as a real estate investment. There is a loan called FHA, which is a life saver for lots of happy homeowners. FHA is the single largest insurer of loans in the world.
This particular loan is more lenient with banks, because it is insured by HUD. The qualifying process is less stringent. FHA does not require credit scores to get a mortgage. It offers an alternative in place of no scores. It will allow you to provide alternate lines of credit.
Typically the underwriter will require 3 sources. The following would work.
1. Last 12 month payment history from any utility company.
2. Day Care payment history for the last 12 months
3. Letter from car insurance provider.
4. Life insurance payment.
Here are some of the benefits of a FHA loan.
1. Low down payment
2. No credit scores required
3. Easy credit qualifying
Best of All FHA Is STILL Lending!
FHA has been helping families since 1934, and its still is doing so. Even with all the changes going on in the mortgage industry, this particular loan is still the strongest provider of home ownership today. So if you don’t have any credit scores, the answer is yes, you can get a mortgage.
FHA typically requires 3% investment from the buyers, but it will allow you get a 3% gift from a blood relative or Bond money assistance from your local city. It will also allow the seller to pay 6% of your closing costs, so you can essentially get into a house with little or no money at all.
Are you currently in a CH 13 bankruptcy? No problem, you can get a mortgage as long as you have been in the bankruptcy for a minimum of 12 months. The trustee is required to give written permission for you to purchase a home.
There is no other loan program that has this type of guidelines. You can also get low interest rates with FHA, even though you have no scores, or low scores. I personally think its one of the best loans to help low income families into a mortgage.
Do you have medical collections; well FHA does not require you to pay off medical collections, even recent ones. So I think you get the idea, it’s a great loan for all types of situations.
Related Websites -
Commercial Real Estate Articles and News # 3 Greetings from the 345th wonder of the world....Cedar Crest, NM I am back from Durango, CO where I spent the week with my youth group. We joined a thousand other young adults at Fort Lewis College @ the CIY MOVE conference. It was amazing. Anyway while I was at the...... - Living off dividends [or how to invest in Real Estate for cashflow] While surfing onlne, I came across this blog post: Real Estate as an asset class. Basically this guy wants to be able to live off his dividends at some point and his blog is devoted to that. He's wondering how real estate fits in. He invests in REITS but isn't......
- Reader Question: Which Loan Should I Pay First? I got a question from a reader recently and when I tried to e-mail her back the email bounced back to me. Seems pretty odd because it was persons full name at a very well-known company. It was a well thought-out question and I hate to leave it unanswered, so......
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Real Estate Investments - Good Idea or Bad Idea? Right now, if there was a market that had bad news written all over it, it would be real estate. The housing crisis has made investors jumpy, the economy appears to be tanking and home values are plummeting across the country. Would you believe that this is actually a good...... - Not paying off 30-year mortgage a good deal? I've been a proponent of early-payoff of a mortgage because of the interest savings. I still am, for the most part. If you have a lot of resources and can do really well with your money, then it might pay not to pay off your mortgage quickly. It might just......
Oct
31
Should Location Influence Your Property Investment Decision?
Posted by: | CommentsSurprising as it mean seem, though “location-location-location” actually is a fact when purchasing a home, it may or may not forever be accurate when buying investment real estate.
It makes great sense that a homeowner would be strongly pressured by the position of a home in which to live and raise a family over others. But this is not essentially so with rental property asset. In actuality, real estate investors commonly buy properties in places they may not otherwise want to live themselves.
This discrepancy over this golden rule of real estate linking homeowners and investors has a simple explanation. Whereas, a homeowner has a natural consideration for all things that affect the family’s comfort, an investor alternatively doesn’t generally occupy the property. Therefore they are never anxious by the position of the property, specifically in cases where the investor lives outside of state and may not even check the property they bought.
The most significant truth regarding real estate investing is the end result. How does the rental property benefit the owner? Does it give return on investment cash flow, tax shelter, and appreciation? In other words, will the real estate financier make money if he or she spends in the property, and how much will be profited?
Of course, that’s not to say that position has no power on investment choices. As a real estate investor, you must always research on usual movement of the region and get a feel for the way in which it is going. You certainly would not want to buy a rental property in the worst region of town (and for that matter, even in the best part of town) unless all signs are that the property will appreciate.
You might also have pause to invest in a location where there are very low occupancy levels or rents. It goes without saying that you do not to invest in a property that may, by its very location, remain usually empty or never have the capacity to demand substantial sufficient rents to make your cash flow requirements.
Jason Myers is a professional writer and he writes mostly about real estate investing news. He’s also interested in real estate investing in the us.
categories: real estate,property,investment,real estate investment,financing real estate,real estate investments,real estate management,property management
Oct
25
Los Angeles Foreclosure Homes: Winning Property Investments
Posted by: | CommentsSafe high return investments Los Angeles
Los Angeles has always been a desirable city, especially for homebuyers and real estate investors. But these days it seems that making a real estate investment here is riskier than ever. We constantly hear about the struggling real estate market in California, and with home values bottoming out across the nation, it can be difficult to tell when and where investment value will begin to rise again. That’s why Los Angeles foreclosure homes offer such an interesting option.
Buying Los Angeles foreclosure homes involves a different process than buying other types of real estate, as they are sold off by mortgage lenders to collect debts. However, the process is easy to learn, and once you do, you’ll find discounts of anywhere from 10 to 50% off market value at almost every sale. Buying below market value is the one way to ensure instant investment value in a tough and uncertain market.
The market for Los Angeles foreclosure homes is thriving these days as well, offering plenty of chances for discounted home purchase to buyers. In the past year alone, foreclosures in the area have increased by over 90%,and with 2008 predicted to be one of the biggest years on record for foreclosures, finding deals can be quite simple.
Try searching for Los Angeles foreclosure homes with a trusted online listings service like ForeclosureDeals.com to find out what’s available. ForeclosureDeals.com can be especially helpful, as they provide detailed listings and plenty of tips and info on buying for the best prices.
Safe high return investments LA
Oct
25
Los Angeles Real Estate Investing
Posted by: | CommentsSafe high return investments Los Angeles
If you have been looking for stability in what seem to be extremely unstable times, a Los Angeles Real Estate Investing Group has everything you need to help you with real estate investing. Now more than ever it is going to be extremely beneficial for you when you get together with like-minded individuals for an exchange of ideas and learning how to get the most from your real estate investments.
The Real Estate Investment Groups gives you direct access to some of the top investors in and around the nation. Regular meetings are conveniently scheduled so that you can come hear it straight from the horses mouth and learn what you may be missing to turn your investment portfolio around.
It does not matter if you are looking for a primary residence, commercial property or real estate investment opportunities in the greater Los Angeles areas. Their diverse and successful groups of speakers have all of the information, all of the tools and all of the keys that you will need to begin opening up new opportunities in real estate investing.
When you first begin in any field of study, you will soon discover that all of your friends and family have their very own ideas and each and every one of them will give you every assurance that they are right. However, when it comes time to make the actual investments, see how many of your friends stick around … much less put their money on the table with you.
Investing Groups bring in certified and experienced speakers who are already making money doing the exact same things that they will teach you. You now have the opportunity to learn from the experts with no holds barred. But if they are so successful, why would they teach you everything that they already know? Well the truth is, when you win, they win … and vice versa. Huh?
Real Estate is one of very few truly cumulative markets. What does that mean? It means that if one single home on your block is allowed to become rundown and ramshackle, that the price of your house is going to suffer as a direct result of that. It also means that as part of the local real estate market improves, it takes the rest of the market with it in the form of increased property values and prices.
You now have the ability to wait to invest at the right time but should you wait until the market bottoms out before you invest? The easy answer would be to say yes but as long as people are selling and nobody is buying, real estate prices will continue to fall. Once people begin buying those properties, the prices will begin to rise again.
Simple rules of supply and demand definitely apply when you are investing in the real estate market but you also need to have years of experience if you want to be able to increase your chances of success and minimize your risks. With Los Angeles Investors Prosperity Group, you can get in your next property by investing in real estate at the right time, for the right price and increase your profit margins exponentially … but you may not want to wait for too long, you can rest assured that other investors will not.
This article was wrote by Debbie of the Los Angeles Prosperity Group, the Premiere Los Angeles Real Estate Club. Feel free to have a look at our Real Estate Investing Seminars taught by the leading experts in the country. Visit Los Angeles Real Estate Investing
Safe high return investments LA