MAKE A BLAST IN MAKING THE BEST REAL ESTATE DEALS - Rehab-Real-Estate

As consumers, we always want to buy stuff that is worth the money.  Most often than not, we engage ourselves to something that is worth our time. Right? So, let me tell you about a product that is not only worth your money but also worth your time. Well, I’m going to talk about Jason Medley’s training in looking for a private money lender.

As someone who is into real estate industry, to take part on that event will shed not just knowledge and skills but definitely enhance your profit in the long run. Why? Given that you have the knowledge and skills gain from this one-of-a-kind product, then it follows that you make the right move and decisions and eventually reap remarkable profits.

Let me give at least two products of Jason Medley which I personally used. Well, until now I refer to it as a guide. Here are the two effective and worth the dime products which I would like to recommend:

Find Private Lenders NOW Home Study Course

This product has given me the unlimited access to trained staff to help answer to all of my questions regarding the Find Private Lenders NOW System. Well, this product, if you have this a bit of tight schedule, is the one for you. If you feel like to continue learning everything at home still, this product is a good buy.

 

4 Week Live Training Calls with Jason Medley 

This product, as it was described by us who have availed it, is a “kick in the pants” that many of the real investors need to assure that we get the adequate guidance for us to execute the learning immediately.

This training will provide real estate investors the know-how to find private lenders so that they can use their funds for their real estate deals.  Have you ever thought that if you had private money (and not hard money), funding your deals would be much easier, and you could close many more deals than ever before? Jason Medley will show exactly how to find private lenders who have already funded real estate deals and want to fund yours.

However, you may find the following products focusing on the same stuff when it comes to the content as all of them are pretty much engaged on learning the ways to locate private lenders and the do’s and don’ts if you are to close a deal, which you may ask yourself of this question: What’s the point of availing those products that will just talk about the same thing? Or Isn’t that a waste of money?  Well, I for a time, have asked myself that question BUT then took the risk to avail both the products and found the answer. 

The products may seem to be containing the same information but indeed, they are interrelated that both will give you the boost in closing the deals with your chosen private lenders.

I can really guarantee you that this training will serve as your primary tool in making a big leap in your career in real estate. Become one of us who transcend in making the best real estate deals!

Avail this product/training at its affordable price! I can attest that it’s indeed worth the money and surely worth the time.   

Aug 12, 2010 1:06:33 AM

How To Find Foreclosures | Real Estate and More

Realtor Leads: Can They Really Help You To Make Money?

Do you know anything about the realtor leads? Do you have some ideas about what they do and their many services that you can acquire from them? Do you also know about their specific functions and as to why they do exist? If you don’t know any sort of things about the sad matter then reading the entire content of this blog post article would definitely be a helpful sort of way for you to know some things about it. For your great information, there are actually several and various sorts of alternatives on how you can possibly be able to find the most efficient and or formidable type of realtors today.

One of the most effectual ways on how you can possibly seek-out for the most formidable and or efficient sort of leads is through the utilization of the email leads, phone verified leads, internet leads and so many more types of leads.

How can you specifically and efficiently check-out if you have been able to find and use a formidable sort of realtor leads? How can you specifically be able to know if what you have chosen is high in quality and or profitability and not just a certain senseless data that had already been used and tested by several individuals to be such of an inefficient sort of lead?
To let you know, you can surely be able to get the best type of leads through simply using the internet as the main passage of getting what you need and want about the said type of matter and this is according onto the experiences of certain brokers.

You should know that there are already many brokers today who had been very successful through the great help of the real estate broker leads that they have got out from the internet.

In fact, aside from that of the successful independent brokers today, there are also certain broker firms and companies that had also been successful through simply using the realtor leads that they had acquired out from that of the usage of the internet. You should know that relying onto the internet in getting reliable broker leads is such of an efficient sort of approach and this is because of the matter that there are already numerous numbers of brokers who have been triumphant in each and every time that they had conducted a particular sort of broker transactions such as that of selling, buying and commercializing and or endorsing certain kinds of properties.

Through simply depending onto the internet, you can definitely make your search for the best types of realtor leads a certain kind of success. You should know that there are several and various real estate broker companies and firms that had been successful in all of their attempts to meet their expectations upon selling, buying, endorsing and or commercializing particular kinds of real estate properties such as that of the homes or houses, condominium units, apartment homes, commercial buildings and a lot more.

Despite of the fact that you really can be able to seek-out for the best sorts of realtor leads via internet these days, there are certain sorts of considerations that you greatly need to have in hand and this is because of the fact that all things have its own advantages and disadvantages.

If you have some plans to start doing a real estate business, you greatly need to start purchasing efficient sorts of realtor leads coming only from those that are formidable and professional real estate brokers.

You should know that the there are certain problems that you can possibly encounter most especially if you have chosen a low-quality type of broker lead. You also need to know that there are certain mortgage and or real estate broker firms and individuals that are just greatly efficient by its name but not really by its deeds, services and actions.

This kind of matter is just like that of buying a wrong kind of medicine for a certain sort of illness and or ailment. However, if you are just able to look out for the most efficient and recession-proof kinds of realtor leads then you can definitely say that succeeding in the said kind of business would just be like that of eating a piece of cake.

Moreover, can you really entrust your confidential real estate business schemes and or plans onto your chosen broker personnel and or firm?
Well, trusting a certain sort of broker firm and or individual is greatly a helpful way for you to seek for an efficient kind of realtor leads and this is because of the matter that they can really provide the best sorts of ideas, tips, advices and suggestions on how you can possibly meet your real estate business goals and or targets.

On the other hand, you greatly need to ensure that your chosen broker really has what it takes to be considered as a reliable source of accurate and efficient types of realtor leads. Because if you will not do this kind of thing then it is very certain that you will just waste your time, money and effort upon searching for the aforementioned kind of matter.

You should specifically know that not the entire realtor leads that you can seek-out over the cyber world are efficient enough to help you in meeting your real estate business dreams. There are just a few that are really efficient and the rest are just pure scam. Therefore, you really should be very careful in choosing the kind of lead that you want to use in your real estate business. In this sort of way, you can be sure that you are investing your finance, time and effort in the right kind of way. Lastly, you should make it sure that you have selected a legitimate kind of broker firm so that you can assure to yourself that you are in good hands.

Which Foreclosed Homes For Sale Are Right For You?

Buying foreclosed homes for sale is a trade that you should master if you want to acquire only the best properties. Sometimes, a foreclosure may come very cheaply but is not necessarily the right property for you. When choosing home foreclosures, you should take into account both your personal and business goals in order to make the right decision.

Limitless Choices

The subprime mortgage crisis did not hit only the lower middle class but rather, it also managed to affect a large portion of the well-off sectors in the society including the upper middle class. As a result, you can find a lot of good properties in posh, decent neighborhoods that are for sale at rock bottom prices. Finding them is easy but whether one is the best for your investment takes more than a customary glance.

There are many types of foreclosed homes for sale that you will find in the market. There are single family units, multi-unit foreclosures, mobile homes, distressed houses, VA homes, government foreclosures, condos, apartment units and many others. Sifting through thousands of foreclosures every day can be overwhelming and is always a gargantuan task. This is why it is important that you set certain parameters in choosing the right property for you even before you start your search.

For this, you would need to determine what your goals are in purchasing foreclosures. Are you buying for investment purposes, rentals, or for private use? When you ask yourself this question, a lot of other factors will also arise from your answer. For example, if you are buying for investment purposes, what type of market are you going to cater to? If you want to try the rentals business, what type of building can give you the most profit? On the other hand, if you are purchasing for your own use, how big a house do you want to own? All these must be taken in account when you purchase your foreclosure.

The key to finding the right foreclosed homes for sale will greatly depend on your purpose and setting it well ahead of your search can give you direction and focus. In doing so, you will not only save time and money, but will also enable you to grab the best property deals quickly.

Locating Deals-"Flippin"

Making Real Estate Money-The Difference Between Cash and Equity

People spend cash on real estate for a variety of reasons. Probably the most common reason for spending any cash at all is that the bank making a new mortgage on the property requires a cash down payment or it won't approve the mortgage. 

Some people make the biggest cash down payment they can to keep their monthly mortgage payments lower. Others try to pay with as much cash as possible because they don't want to pay interest on borrowed money. And some folks, especially those who remember the Great Depression, prefer to own their property free and clear of any debt. 

However, what most cash-paying real estate buyers don't realize is this: Equity in real estate and cash are not the same thing. There is a fundamental difference between the two. While cash goes into the equity market at full value, equity comes back out into the cash market at a discount. Equity is not a liquid commodity and does not move very quickly. Cash is absolutely liquid. It is important to understand this difference. 

To illustrate this dynamic difference, let's assume we have $100,000 in cash to buy a piece of property. We find a well-priced home for that amount. We pay cash for it, close escrow and it's ours free and clear. Now, can we break off a piece of the roof and buy groceries with it? Can we take the front door and use it to pay our doctor bill? The answer is "no" because cash is not the same as equity. 

We've converted our cash from the cash marketplace, at full value, into $100,000 worth of equity in the real estate market. Soon after the purchase, however, a financial emergency arises. Having no other cash in reserve, we must convert our equity back into cash immediately. We have to sell the property today. 

To convert our equity into immediate cash, we need a buyer for the property right now. Finding a buyer willing to pay full cash value for the equity might reasonably take 60 days to six months. Add to that another 30 to 60 days to close the transaction and, when we total it up, it's going to take a long time. And that's if everything goes smoothly. 

But we need immediate cash not maybe in six months. To get immediate cash, there are two options available to us. First, if we structure the offer attractively enough, someone will buy our property today. The most obvious way to do that is to reduce the price to an amount that no serious buyer could refuse. 

Depending upon the stability of the real estate market, that could mean discounting the price by as much as 35 to 50 percent. That's 50 to 65 cents on the dollar! Now, would you take your dollar bills to the bank and trade them in for the same number of fifty-cent pieces? Would you trade in 1,000 dollar bills for $650? Most likely, you would not. Yet, that's the price we have to pay to convert our equity into cash right now. 

Our other option is to refinance the property. We can refinance and get some of our cash out that way. Here again, the full $100,000 equity will not be converted into the same amount of cash. 

If you have excellent credit, you may be able to borrow as much as $80,000 against the property. If you have less than excellent credit, or poor credit, you won't get a mortgage for anywhere near $80,000. If your credit is really bad, banks won't loan you a dime on your property. 

In both instances, we are faced with the same problem. Everyone agrees the equity in the property is worth $100,000. To convert it to cash, though, we must discount that equity. 

Now that you understand the difference between cash and equity, you should always think twice before you exchange very much of your liquid cash for real estate equity. Knowledgeable investors use a variety of creative methods to overcome this dilemma. 

Making Real Estate Money-Top Ten Mistakes

Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.

Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.

1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.

2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.

3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.

4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.

5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.

6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.

7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.

8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.

9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.

10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.

Making Real Estate Money-Foreclosures

Buying Foreclosures

Foreclosures are divided into 3 phases.  First phase is the pre-foreclosure and that is when the home owner is still in control and if they have any equity then you can work directly with the home owner.  How ever if there were no equity you would want to do a short sale.  The second phase is the auction; this is usually reserved for the experienced investor because of the financing, the property inspection, and the attached liens.  The third phase is what we call the REO; it stands for real estate owned.  This is where the property has not been sold at the auction and the lender gets it back.  This is the safest way to buy a foreclosure because all the incumbencies have been removed and you can also inspect the property before you buy.  Now I am going to say this and it is very important.  Not all foreclosures are a good deal.  So it is important that you act like a real estate detective and get all the facts about the property before you buy.  This is a very important part of the process and the more you know about the deal the better it is going to be for you.  It really is all about the numbers.  Now that sounds simple but it really is not.  When I say it is all about the numbers I mean the number of properties to choose from, the amount of research that you do, the cost and expenses versus the potential profits, and the number of offers that you make.  So depending if you are in a deed state or a mortgage state the foreclosure process could take anywhere from 21 days to 120 days or longer.  If your in a state that gives you a shorter time to do your homework, you need to find the most efficient and fastest way to make a decision about each property that you are interested in.  So remember a foreclosure is an opportunity to find a good deal.  It is not always a good deal and in today’s market there are some homeowners that are being evicted from their homes and they are leaving their properties in a complete state of disrepair.  They are putting holes in the walls, taking out appliances, ect.  So if you are if you are looking at a property that you are not allowed to go inside and se the condition of the property.  You might be buying a property that would easily cost you more to fix up than it is worth.  So again be sure to so your due diligence on each and every peace of property.

            Well people say why invest in foreclosures?  Simply foreclosures are at all time high which presents an outstanding opportunity.  High instant profit margin for the well-trained investor.  You can buy at a steep discount in m any cases.  The future trends for finding deals are up because borrowers are defaulting on their loans, A.R.M.S are resetting to higher percentages, falling property values, balloon notes coming due, unstable money markets, and security markets causing financial loses and uncertain economy which leads to layoffs.  There is always a steady inventory of new property.  Foreclosures are not really understood well or worked very well.  Most people don’t even understand the process;  there is minimum good information available to the public. 

Some properties can be purchased for little of your own money.  As we said before the sellers are definitely motivated and banks don’t want properties so they want to get rid of them as quickly as possible. 

            Why are foreclosures growing?  Foreclosures area fact of life.  Anytime a debtor breaches an obligation of a security document, like a mortgage deed, trust or something like that.  The lender has the right to foreclose on the property.  The grantor most likely does not want to acquire the property but they do want repayment of the funds owed.  Now in today’s markets we are seeing lenders lowering interest rates.  Extending loan terms and there is even talk about forgiving of the mortgage amount.  Even so there are tons of foreclosures to work.  There is an orderly process to the foreclosure, which allows the opportunity to cure the situation.  However some homeowners are not in a position to cure the default.  This may happen because a number of reasons.  Loss of job by one or more home owners, financial crisis need for immediate cash, a health or maybe family problem, business failure or down turn, divorce between couples causing a need for property liquidation.  Death of the property owner resulting in payment default.  Adjustable rate mortgages can increase quickly in times of high interest rate and result in the property owner not being able to make payment.  Balloon payments, these are large payments that cause challenge for the homeowner.  Job transfer, borrower may have two mortgage payments, out of state owner or out of Towner.

            Lets talk a little bit about pre foreclosures.  Many times you can catch the situation before the property has gone on the auction block.  We call this time period pre foreclosure.  The property is in default and several months behind in payments.  The owner may have no means of curing the default yet the clock is ticking towards the time the auction will take place and everything will be lost.  Now given that a foreclosure on a persons credit record is the single most devastating item preventing any future borrowing for years to come.  A homeowner should be very eager and happy to work with you.  Without your help they might not just loose their home but their credit will be destroyed.  A fundamental key of making money in the foreclosure market is understanding why the property went into foreclosure.  Perhaps the owner just had a temporary cash shortage.  You may be able to help them and take an equity position in the property in return for rectifying the situation.  Or the owner maybe financially devastated and just wants to dump the property before their personnel credit is destroyed.  You can help solve their immediate problem and give them a new start.

            When we talk about finding foreclosures there are many sources to aid you in finding foreclosures.  Hopefully you can find the foreclosure before it is too far in the foreclosure process and all possibility of redemption has passed.  In today’s market there is more opportunity to find foreclosures than ever before.  Following are a few locations to begin the search and will be going into much more detail in other courses of this product.  They are classified sections, legal newspapers, attorneys, FSBO’s, realtors, auction companies, IRS auctions, bankruptcies, probate court, and county courthouses, town hall or registrar of deeds.

Making Real Estate Money-Investing

Why Real Estate is an Excellent Investment

Real estate is an excellent investment because it is always in demand and everyone has to have a roof over their heads.  Now real estate is a commodity just like anything else in our society in when the prices get to high just like the stock market it adjust down to where the majority if buyers believe that there is value.  So when real estate is high few buyers buy and when real estate is priced below the comparables, more people buy.  If you buy and you’re an owner occupant and you plan on staying in your home 5 or maybe 10 years, the market ups and downs don’t really concern you too much.  How ever if you are a speculator and buy near the top of the market and the values peak and turn down, you could be holding a commodity that is worth less than what you paid for it.  And that does not make a very good short-term investment.  So exit strategies when buying property are pretty important.  Now in our recent market many speculators and home owners have extended themselves by buying expensive properties with the expectation of continued appreciation in owner occupants with poor credit and no money down, used short termed A.R.M.S (adjustable rate mortgages) and went out on a limb and got involved in property they hoped would continue to appreciate, and so because of all the speculation we have the highest amount of foreclosures than ever before.  Many homeowners thought that they would be in and out of a property in a short period of time, and opted to use the A.R.M.S thinking that they would sell the property before the interest rate reset to a higher percentage.  How ever because property values turned down and property owners were not able to sell their properties, their A.R.M.S reset and left them with higher interest rates and higher payments that they could not meet.  Now home owners that have own property that have lost value are not so worried because the property is providing them with a roof over their heads.  So they just plan on staying put and in a couple of years the prices will come back.  Now the circumstances have left first time homebuyers and investors with an enormous opportunity to make some money with these foreclosures.  Now given that money and real estate investment is made when you buy the property.  It’s a great time to buy property at a discount with very low inertest rates; the only thing challenging us right now is the exit plans.  So now with the present inventory it is imperative that you purchase at a low price and that you sale at a price compared to properties that are for sale in your area.  Quick flips could take a little longer to sale and it is always best to price the property at a price that is less expensive than the other properties are going for in your particular area.

            Foreclosures have been around forever, only now there is just more of them.  It kind of seems to be the buzz on the street.  Seasoned and novice investors want to invest in foreclosures.  In 2004 the number of foreclosures was 2% of the total sales in the U.S.  In the first quarter of 2008 in Stockton California, 72% of it’s sales we in foreclosures.  In Las Vegas in the first quarter of 2008, 45% of the properties closed were foreclosures.  So you can see why there is so much interest in foreclosures.  Now the reason why they are so attractive is that if your going to be successful in real estate, you need to work with a motivated seller.  And there are not any more motivated sellers than there are going to loose their homes because they are not making the payments.  Now prior to this point foreclosures were typically as a result of divorce, unemployment, and medical bills.  In addition to these recurring reasons today.  There are also a result of the A.R.M.S loans being reset from low interest rates to higher and unaffordable for the homeowner and the property values dropping leaving no equity.

And that’s what is going on in real estate today.