Some reasons why I love Real Estate Investing:
1.Banks love it and are willing to help finance the cost of purchasing the property so you can start with a small amount of money and still make money with the bank's money. This is the power of financial leverage.
1.There are many strategies that can be used ranging from short term to long term holding strategies. In addition unlike stocks which pay dividends only once or maximum twice a year, you can earn monthly rental each month from your property.
1.The Funds also invest in Real Estate so you can tell its lucrative. Blackstone Capital Real Estate division is another example of large money understanding the power of real estate.
1.Short of a war in a country, property values generally maintain their values even in downturns.
How can you be successful with real estate investing? The answer is to start small by purchasing your own home and then learning all you can about being a successful property owner then you can go and start acquiring larger and more elaborate real estate.
Most real estate investing gurus would say location, location and location is the key to any business or real estate that you purchase. I would agree with that statement as well.
his is a great book to use as a guide. Do you want to invest in the market while there is a need to help those who are loosing there homes then you as the beginner must buy this book. Get your copy here at msubevans@hotmail.com Only 19.99 Today!!
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Revealed: Simple, Proven Powerful Strategies
On How To Generate You An Extra
$500.00 - $30,000.00 A Month!
You're About To Learn How
Wholesaing Real Estate Where
You Live can generate true Weath,
like my other sucessful students have...
"Learn Secrets That Most People Will NEVER Know About Real Estate Investing..."
Find Out Why THOUSANDS of People, All Over The World Are Hailing This
4 Reasons To Invest In Real Estate
1.You will earn a great income from the property This can cover the cost of your mortgage on the property and leave you some profit on top as well.
2.Fix the property then flip it for a profit. If you like renovating properties, you can buy run down homes, do them up and sell them at a profit. Some people make a full time living doing this. Also known as house flipping.
3.To keep and sell in the long term to enjoy money in retirement. This is how lots of people make it work –- having another property that is increasing in value can be ideal when it comes to financing your retirement in the future.
4.Investing in home upgrade is an investment that is not as volatile as the stock market. Property may not be as volatile as the stock market.
Sample EXECUTIVE SUMMARY:
subject line: (apartment to buy)
EXECUTIVE SUMMARY:
TYPE OF PROJECT: (from subject line)
SELLER'S NAME:
PHONE #:
and/or
BROKER'S NAME:
PHONE #:
PROPERTY NAME:
ADDRESS OF PROPERTY:
PROPERTY INFO:
year built:
number of units:
unit mix:
with rent/unit:
and sqft:
PROPERTY VALUE:
PURCHASE PRICE:
MTG BALANCE:
ASSUMABLE?
YES OR NO:
SELLER CARRY BACK?
If yes, amount:
GROSS INCOME:
EXPENSE:
NET INCOME:
OCCUPANCY RATE:
CAPITALIZATION RATE:
PACKAGE AVAILABLE?:
Sunday, May 29, 2011
Flip This House "fixer-upper."
The first thing you should do is to go through the property and determine what needs to go. Undoubtedly, there will be various pieces of furniture or other items around the house you may want to clear out. Get rid of anything that isn't working properly, or anything you think "doesn't quite fit" with the rest of the house. You may choose to leave carpeting for a while, even if you aren't its biggest fan; if you plan on doing any painting, old carpet can serve as the perfect plan.
Home renovations are very important if you are in the business of making profits, so let's overview some of the key points that can help you in your ventures. Making a fortune in the real estate business may not be as hard as you think. I want to talk to you about a friend of mine that managed to make quite a huge amount of cash from flipping houses. This friend of mine made his first move by buying a HUD repo and this way, he did not have to put some money down in order to get into the house. He did all the repairs necessary and then he sold the house for a profit. He used all the money made from his first flipping job to buy a second house that was in need of repairs and of a good seller. With the money made from the second flipping job, he managed to get on with his third project of this type. And the money he made was not pocket change!
You may think that my friend spend a lot of time with all this buying, repairing and selling. Well, you may think again, because before one year passed, my friend already had bought, repaired and sold the forth house!
Let me share you some of my friend's secrets that led him to success. When he went hunting for houses for a flipping job, he carefully chose only houses that needed minor repairs here and there and totally avoided houses in need of complicated structural repairs. He took care of the small repairs himself, like painting, lighting, plumbing and carpeting. When he finished, he was ready to sell the house and he did, for a nice profit that guaranteed him the next step in the business.
You may have heard many people talking about flipping houses, so you did not know what to believe. Some say that making money this way is almost impossible, that you must have quite a load of cash to start. Ignore these comments. There are opportunities to buy houses for flipping without putting money down, through loan programs or with the help of sellers that can lend you the money for the closing costs.
Home renovations are very important if you are in the business of making profits, so let's overview some of the key points that can help you in your ventures. Making a fortune in the real estate business may not be as hard as you think. I want to talk to you about a friend of mine that managed to make quite a huge amount of cash from flipping houses. This friend of mine made his first move by buying a HUD repo and this way, he did not have to put some money down in order to get into the house. He did all the repairs necessary and then he sold the house for a profit. He used all the money made from his first flipping job to buy a second house that was in need of repairs and of a good seller. With the money made from the second flipping job, he managed to get on with his third project of this type. And the money he made was not pocket change!
You may think that my friend spend a lot of time with all this buying, repairing and selling. Well, you may think again, because before one year passed, my friend already had bought, repaired and sold the forth house!
Let me share you some of my friend's secrets that led him to success. When he went hunting for houses for a flipping job, he carefully chose only houses that needed minor repairs here and there and totally avoided houses in need of complicated structural repairs. He took care of the small repairs himself, like painting, lighting, plumbing and carpeting. When he finished, he was ready to sell the house and he did, for a nice profit that guaranteed him the next step in the business.
You may have heard many people talking about flipping houses, so you did not know what to believe. Some say that making money this way is almost impossible, that you must have quite a load of cash to start. Ignore these comments. There are opportunities to buy houses for flipping without putting money down, through loan programs or with the help of sellers that can lend you the money for the closing costs.
What is a Roth IRA?
The Roth IRA came into existence in 1998 and is named after the late Senator William V. Roth, Jr. The chief advantage of a Roth IRA is obvious. Although there is no deferral of taxes on the money originally invested in a Roth IRA, as in other IRAs, all income earned by the investments in a Roth account is tax free when it is withdrawn. Another benefit is that you are not required to take distributions beginning at age 70 1/2 as with other accounts, so if you don't need the money to live on, it can continue growing and earning for you tax free. Also, a Roth IRA makes it easier in some cases to take early withdrawals without penalties compared to other retirement accounts.
But what does this have to do with real estate? You accountant or stock broker probably did not tell you this, but you can actually buy real estate, tax certificates and even mortgages and notes in your IRA! This is a great way to supercharge your retirement investments.
If you call your local stockbroker and tell them you want to buy real estate in your IRA, he will probably tell you that it's not possible and will try to steer you away from such an idea, because he will not make a commission. The key to investing in real estate with your IRA account is going through a special custodian that offers it.
But what does this have to do with real estate? You accountant or stock broker probably did not tell you this, but you can actually buy real estate, tax certificates and even mortgages and notes in your IRA! This is a great way to supercharge your retirement investments.
If you call your local stockbroker and tell them you want to buy real estate in your IRA, he will probably tell you that it's not possible and will try to steer you away from such an idea, because he will not make a commission. The key to investing in real estate with your IRA account is going through a special custodian that offers it.
Tax Lien and Tax Deed Investing
What are tax liens and tax deeds?
Click edit above to add content to this empty capsule.
•You can make double-digit returns on your money with low risk and low maintenance
•Enjoy safe and passive cash flow
•Not subject to government interest rate changes
•Property tax lien is secured to real property as a first priority lien at a fraction of its market value
•Low investment needed. Tax liens can be purchased for as little as a couple hundred dollars - if that much.
Background: What are tax liens and tax deeds?
When property owners don't pay their property taxes, they become delinquent. There are over 3,000 counties in the United States and the tax collector for each county is primarily responsible to collect the unpaid taxes through a process by selling, at public auction, either a Tax Lien Certificate or a Tax Deed, depending on the state the property resides in.
Tax Liens vs. Tax Deeds: What's the difference?
The difference between these two types of processes is the "bundle of rights" sold to the purchaser.
Tax Deed States: If the taxes are not paid, the county will sell full ownership and possession rights to the investor at a public foreclosure auction or later assignment process. The property is sold for the unpaid taxes plus any fees, interest charges, and court costs. Since the unpaid property taxes are usually a small percentage of property's market value, perhaps less than 10%, you, as a tax deed investor, can buy full property rights at a fraction of the market value. You need to be aware of any redemption periods some states give the delinquent property tax owner.
Tax Lien States: The county auctions off just the right to the tax lien or tax claim on the property, not the property itself. This lien is an encumbrance or enforcement right held by the county.
As an investor, the tax lien certificate you buy gives you two important rights:
[1] The right to receive interest penalty charges if the lien is paid off by the property owner and
[2] The right to foreclose the tax lien and take title to the property if the lien is not paid by the redemption period.
A nice feature of the tax lien is that it is a "high priority lien," i.e., this lien comes before judgment liens, mortgage liens, trust deeds and other private liens.
The interest penalty income can be substantial, depending on the state.
Here's a few examples of the interest income you can earn:
Arizona: 16%
Florida: 18%
Illinois: 18%
Iowa: 24% Kentucky: 12%
Mississippi: 18%
Nebraska: 14%
New Jersey: 18%
Ohio: 18%
Wyoming: 15%
Not too shabby!
Click edit above to add content to this empty capsule.
•You can make double-digit returns on your money with low risk and low maintenance
•Enjoy safe and passive cash flow
•Not subject to government interest rate changes
•Property tax lien is secured to real property as a first priority lien at a fraction of its market value
•Low investment needed. Tax liens can be purchased for as little as a couple hundred dollars - if that much.
Background: What are tax liens and tax deeds?
When property owners don't pay their property taxes, they become delinquent. There are over 3,000 counties in the United States and the tax collector for each county is primarily responsible to collect the unpaid taxes through a process by selling, at public auction, either a Tax Lien Certificate or a Tax Deed, depending on the state the property resides in.
Tax Liens vs. Tax Deeds: What's the difference?
The difference between these two types of processes is the "bundle of rights" sold to the purchaser.
Tax Deed States: If the taxes are not paid, the county will sell full ownership and possession rights to the investor at a public foreclosure auction or later assignment process. The property is sold for the unpaid taxes plus any fees, interest charges, and court costs. Since the unpaid property taxes are usually a small percentage of property's market value, perhaps less than 10%, you, as a tax deed investor, can buy full property rights at a fraction of the market value. You need to be aware of any redemption periods some states give the delinquent property tax owner.
Tax Lien States: The county auctions off just the right to the tax lien or tax claim on the property, not the property itself. This lien is an encumbrance or enforcement right held by the county.
As an investor, the tax lien certificate you buy gives you two important rights:
[1] The right to receive interest penalty charges if the lien is paid off by the property owner and
[2] The right to foreclose the tax lien and take title to the property if the lien is not paid by the redemption period.
A nice feature of the tax lien is that it is a "high priority lien," i.e., this lien comes before judgment liens, mortgage liens, trust deeds and other private liens.
The interest penalty income can be substantial, depending on the state.
Here's a few examples of the interest income you can earn:
Arizona: 16%
Florida: 18%
Illinois: 18%
Iowa: 24% Kentucky: 12%
Mississippi: 18%
Nebraska: 14%
New Jersey: 18%
Ohio: 18%
Wyoming: 15%
Not too shabby!
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