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Tag results for "Real Estate coaching"
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Published Feb 23rd, 10
In the last article, we talked about how you can still flip properties – literally overnight in some cases – in this economy. However, the key to this type of speed actually lies in your willingness and ability to network and set up buyer connections ahead of time so that when a good, qualifying deal arrives, all you have to do is make the call.
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Published Feb 22nd, 10
We have spent a lot of time talking about short sales recently. This is because in many ways, flipping short sales has taken the place of flipping contracts and properties themselves. It is not because those types of deals are no longer available, but instead largely due to the fact that most buyers are going to have trouble getting financing in traditional ways, and most real estate investors do as well thanks to new lending laws that require extremely large down payments and discourage the possession of multiple mortgages.
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Published Feb 19th, 10
Historically, simultaneous closings were a great way for real estate investors, buyers and sellers to all get their “piece of the pie” very quickly in a real estate flip. Simultaneous closings occur when a seller signs a contract selling the property to a real estate investor. This contract is put into the hands of a closing attorney. At the same time, the investor signs a contract selling the property to a third party buyer, contingent on that buyer’s ability to fund the transaction.
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Published Feb 17th, 10
Now that you understand how transactional funding works, it probably has taken a pretty big load off your mind. Turns out, despite the new laws that require your name to be on the deed of a property that you sell, you can still get funding that is not a risk to you or the lender without having to have perfect credit and a huge down payment on the property.
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Published Feb 16th, 10
In today’s lending environment, most lenders will not lend money for a transaction unless the name of the owner of a property is on the deed to the property. Lenders say that this is because they are attempting to prevent lending and real estate fraud. They say that it helps them insure that the property is actually in a position to be sold. Many of my colleagues say that the real reason is far simpler: it is a way for the lenders to make some extra money.
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Published Feb 15th, 10
Whether you have done short sales in the past, or you have educated yourself about these transactions, you are probably fairly familiar with the basic function of the real estate deal. Essentially, the owner of the home gives a third party the right to the deed of the home and to negotiate with the bank for a discounted price on the home in exchange for avoiding a foreclosure.
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Published Feb 14th, 10
If you have been watching the news, then you likely are having some pretty serious concerns about your ability to perform as a professional real estate investor in this economy – particularly if your main focus is short term real estate investing rather than long term. However, in reality, the real estate investing reality is that your success literally depends on mindset – but it’s not just your own mindset that matters.
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Published Feb 11th, 10
Short sale flipping is an extremely popular and effective way to invest in real estate in the short term in today’s market. However, there are some pitfalls in being involved in this type of real estate investing, and you must be aware of the legal issues and legislative regulations that are in place and are being put into place to deal with this relatively new real estate investing strategy.
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Published Feb 10th, 10
It used to be that there was nothing short about a short sale, other than that sometimes you could shortcut or circumvent a foreclosure. As you probably know, short sales are transactions between a real estate investor (or other third party) and a lender on behalf of a homeowner who is going to lose the home. Basically, the third party’s job is to convince the lender to take a dramatically cut-down purchase price on the property, give the deed of the property to the third party,
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Published Feb 10th, 10
When it comes to short term real estate investing, timing really is everything. With longer-term investments, in many cases the fact that you are going to wait a decade or two to sell means that you can rest fairly safely in the knowledge that your property will appreciate over that time. (Of course, this is not always true, but generally the timing is slightly less of an issue in long-term investing).
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