All Discussions Tagged 'how' - Real Estate Investing - Investment Articles Forum Tips Clubs2024-03-29T13:24:41Zhttp://real-estate-investing.ning.com/forum/topic/listForTag?tag=how&feed=yes&xn_auth=noInvestment Property: What is a Foreclosure?tag:real-estate-investing.ning.com,2010-05-27:2284452:Topic:324512010-05-27T20:05:08.158ZJay Reddinghttp://real-estate-investing.ning.com/profile/JayRedding460
<p><font face="Tahoma" size="3">Understanding foreclosure is particularly important as an investor when it comes to the housing crisis that has
gripped the United States. Tremendous opportunity exists for the savvy<br />
investor, but only if the investor understands the foreclosure process<br />
and how to take advantage of the opportunities that are presented.</font> <br></br>
</p>
<p><font face="Tahoma" size="3">A foreclosure happens when a person or entity fails to make a number of payments on a…</font></p>
<p><font face="Tahoma" size="3">Understanding foreclosure is particularly
important as an investor when it comes to the housing crisis that has<br />
gripped the United States. Tremendous opportunity exists for the savvy<br />
investor, but only if the investor understands the foreclosure process<br />
and how to take advantage of the opportunities that are presented.</font> <br/>
</p>
<p><font face="Tahoma" size="3">A foreclosure happens when a person or entity fails to make a number of payments on a Promissory Note
secured<br />
by real estate. A Promissory Note is secured by a mortgage pledging<br />
the real estate as collateral for the terms of the note. If the<br />
borrower fails to pay, the lending institution or individual can take<br />
the collateral, in this case real estate, as partial or full payment<br />
for damages incurred by the lender. A problem for the bank occurs<br />
when the value of the home that they have received from the borrower<br />
is worth less than the amount of the original face value of the loan<br />
the bank provided. Banks are not really in the business of owning<br />
and operating real estate, they want to be in the business of lending<br />
money at higher interest rates than what they pay you as the depositor. <br />
</font> <br/>
</p>
<p><font face="Tahoma" size="3">To be able to move these non-performing assets off of their books, banks will sell these homes at a discount
to help recoup part of their losses. The degree of discount depends<br />
on many factors such as the condition of the home, the amount of the<br />
original loan on the property, current market conditions in the area<br />
around the home etc. This can be a great buying opportunity for<br />
the educated investor. However, just because a property is a<br />
foreclosure,<br />
does not necessarily mean that it is a good value as an investment. <br />
You as the investor still need to conduct your due diligence and<br />
rehabbing<br />
expense evaluation. </font> <br/></p>
<p><font face="Tahoma" size="3">Keep in mind, a foreclosed homed has often deteriorated significantly because no one has lived in the home
for over a year. In addition, the previous owner usually has not<br />
kept up with normal maintenance items due to financial distress. <br />
It is also not unusual for there to be damage to the home either by<br />
the previous resident or by vandals.</font> <br/></p>
<p><font face="Tahoma" size="3">A foreclosure can present a great opportunity
for a profitable investment. But like any investment, you must<br />
conduct your due diligence to make sure it will meet your profit<br />
expectations.</font> <br/>
</p>
<p><font face="Tahoma" size="3">Tell us what you think.</font> <br/></p>
<a href="http://www.investmentpropertymadeeasy.com/" target="_blank"><font color="#0000FF" face="Tahoma" size="3"><u>InvestmentPropertyMadeEasy.com</u></font></a><p> <br/> <br/> <br/> <br/> </p> Investment Property: It’s Still the Best Time to Investtag:real-estate-investing.ning.com,2010-05-27:2284452:Topic:324492010-05-27T20:04:24.234ZJay Reddinghttp://real-estate-investing.ning.com/profile/JayRedding460
<p><font face="Times New Roman" size="3">Positive recovery has to happen sometime but it isn’t happening in the immediate future. The
time to invest is now before the recovery happens. Investing in<br />
undervalued<br />
assets prior to an economic recovery provides the investor with<br />
immediate<br />
equity once the market starts the upward climb.</font> <br></br></p>
<p><font face="Times New Roman" size="3">According to the recent Campbell/Inside Mortgage Monthly survey for February 2010, fifty percent of home…</font></p>
<p><font face="Times New Roman" size="3">Positive recovery has to happen
sometime but it isn’t happening in the immediate future. The<br />
time to invest is now before the recovery happens. Investing in<br />
undervalued<br />
assets prior to an economic recovery provides the investor with<br />
immediate<br />
equity once the market starts the upward climb.</font> <br/></p>
<p><font face="Times New Roman" size="3">According to the recent Campbell/Inside
Mortgage Monthly survey for February 2010, fifty percent of home sales<br />
were for distressed properties. This is a telling bit of information<br />
for the property investor. Simply put, if half of all sales are<br />
ones for foreclosure and short sale properties, then the news is there<br />
are deals to be struck and money to be made. Apparently the high<br />
number of these types of sales hitting now has to do with banks having<br />
held onto their REO’s (bank owned properties) with the hope that the<br />
economy would recover by the first part of 2010. However, since<br />
there doesn’t appear to be a clear end in sight, banks are beginning<br />
to put those properties on the market to get what they can for them.</font> <br/>
</p>
<p><font face="Times New Roman" size="3">One other cause for the influx of lower priced transactions is due to homeowners delay in foreclosing
or listing their own homes as a short sale. Homeowners hit by<br />
the difficult economic times try to hold on to their homes for as long<br />
as possible. However, without an economic recovery, are forced<br />
to foreclose and we are seeing more of that lately. As well, the<br />
government held a temporary foreclosure moratorium last fall which has<br />
now expired causing any backlog of potential foreclosures to come on<br />
the market.</font> <br/></p>
<p><font face="Times New Roman" size="3">On top of this, the rental market is growing. As homeowners are unable to hold on to their
own homes, renting becomes not only desirable but necessary. Renting<br />
a home in lieu of selling in a low market is the smartest way to provide<br />
<br />
income while holding onto an asset until the market recovers. <br />
Good news for investors. </font> <br/></p>
<p><font face="Times New Roman" size="3">The savvy real estate investor knows this is the time to stock his portfolio with undervalued assets
which can currently be rented and then later sold for significant<br />
profits<br />
once the housing market recovers. Great investment opportunities<br />
exist now and shouldn’t be missed.</font> <br/></p>
<p><font face="Times New Roman" size="3">What do you think?</font> <br/></p>
<p><a href="http://www.investmentpropertymadeeasy.com/" target="_blank"><font color="#0000FF" face="Times New Roman" size="3"><u>InvestmentPropertyMadeEasy.com</u></font></a></p> Real Estate Investing for the Busy Professionaltag:real-estate-investing.ning.com,2010-05-27:2284452:Topic:324472010-05-27T20:03:33.304ZJay Reddinghttp://real-estate-investing.ning.com/profile/JayRedding460
<p><font face="Tahoma" size="3">Some people who invest in investment real estate do so as a full-time endeavor. This is because being a real estate investor can take a great deal of time and work.
First, one must find a reasonably-priced property that can be improved<br />
upon for sale. Then, one must purchase the property, while taking<br />
into account any bureaucratic, financial, or legal entanglements<br />
attached<br />
to the property. Afterwards, the person must plan and carry out<br />
repairs, all while…</font></p>
<p><font face="Tahoma" size="3">Some people who invest in investment real estate do so as a full-time endeavor. This is because being
a real estate investor can take a great deal of time and work. <br />
First, one must find a reasonably-priced property that can be improved<br />
upon for sale. Then, one must purchase the property, while taking<br />
into account any bureaucratic, financial, or legal entanglements<br />
attached<br />
to the property. Afterwards, the person must plan and carry out<br />
repairs, all while trying not to go over-budget. Finally, one<br />
must market the property for buyers.</font> <br/></p>
<p><font face="Tahoma" size="3">However, there are people with other professional jobs who enter the business as a side project or one-time
deal. If you are in the latter group, you may be in a situation<br />
in which your own time is a luxury you simply cannot afford to spend<br />
on renovating and advertising a property. Perhaps you already<br />
have a demanding full-time job, as well as family or community concerns<br />
that eat up the rest of your day. </font> <br/></p>
<p><font face="Tahoma" size="3">If you are in this position, carrying out all the complex processes yourself is doubly daunting.
Therefore, you may want to make your investment in a turnkey property. <br />
This is a piece of real estate that is completely ready for sale, or<br />
even for moving in—some turnkey properties can come with furnishings<br />
for the user. Of course, such a property is likely to be much<br />
more expensive than one that still needs a lot of work done. However,<br />
if you have a demanding, high-paying primary job, a ready-made <br />
piece of real estate might be your best bet. To borrow a term<br />
from the economists, you should also consider the opportunity costs. <br />
You may save money by taking more time on a cheap property, but you<br />
will lose the opportunity to generate more profits from your regular<br />
job and side projects.</font> <br/></p>
<p><font face="Tahoma" size="3">When investing in a turnkey property, do make sure to look over the house or apartment carefully. There
is a possibility that it is not as sale-ready as the agent or seller<br />
has told you. You may also want to get a lawyer, para-legal, or<br />
alternative realtor to look over any agreements you have to sign, to<br />
make sure you are not being stuck with the previous owner’s legal<br />
problems.</font> <br/></p>
<p><font face="Tahoma" size="3">In this day and age, time is money. To save one, you may have to spend more of the other, but to the
investor<br />
who is also a busy professional, such an exchange could be well<br />
worthwhile.</font> <br/>
</p>
<p><font face="Tahoma" size="3">Tell us what you think.</font> <br/></p>
<a href="http://www.investmentpropertymadeeasy.com/" target="_blank"><font color="#0000FF" face="Tahoma" size="3"><u>InvestmentPropertyMadeEasy.com</u></font></a><p> <br/></p> What do you think about Real Estate Investment in Canada.....???tag:real-estate-investing.ning.com,2009-10-02:2284452:Topic:281622009-10-02T08:33:04.687ZDon Patrickhttp://real-estate-investing.ning.com/profile/DonCampbell
Most of Investors are here from US<br />
<br />
As all are investing in their particular area and doing well with their work.<br />
<br />
But have you think ever about investing in Canadian States....?<br />
<br />
i think some have invest in Canada also......<br />
<br />
CANADA is also a great place for investor who think beyond.<br />
<br />
And its perfect time to invest i think so....<br />
<br />
what did you guys are think of that.......???<br />
<br />
Thanks<br />
<a href="http://www.realestateinvestingincanada.com">http://www.realestateinvestingincanada.com</a><br />
Real…
Most of Investors are here from US<br />
<br />
As all are investing in their particular area and doing well with their work.<br />
<br />
But have you think ever about investing in Canadian States....?<br />
<br />
i think some have invest in Canada also......<br />
<br />
CANADA is also a great place for investor who think beyond.<br />
<br />
And its perfect time to invest i think so....<br />
<br />
what did you guys are think of that.......???<br />
<br />
Thanks<br />
<a href="http://www.realestateinvestingincanada.com">http://www.realestateinvestingincanada.com</a><br />
Real Estate Investment Network (REIN) Investor Horror Storiestag:real-estate-investing.ning.com,2009-06-21:2284452:Topic:239012009-06-21T19:20:10.876ZJeff Kalilhttp://real-estate-investing.ning.com/profile/JeffKalil
I'm interested in hearing your worst of the worst. We've had deals, tenants, and problems that seem to defy all reason. Share them here, and maybe someone can learn from our headaches!<br />
<br />
I had a tenant that was constantly complaining about plumbing problems. The toilet wouldn't flush right, the bathtub wouldn't drain, and the washing machine would smell like sewage. This was during the autumn season I paid nearly $2000 between two different plumbers who each said they had fixed the problems, but…
I'm interested in hearing your worst of the worst. We've had deals, tenants, and problems that seem to defy all reason. Share them here, and maybe someone can learn from our headaches!<br />
<br />
I had a tenant that was constantly complaining about plumbing problems. The toilet wouldn't flush right, the bathtub wouldn't drain, and the washing machine would smell like sewage. This was during the autumn season I paid nearly $2000 between two different plumbers who each said they had fixed the problems, but after a few months the issues come back. I sent out a third plumber. This guy scoped and snaked every pipe in the house, and finally discovered the problem. You see, this was in Texas and the spring rains were pretty heavy. As the trees and shrubs were growing and fighting for water, they broke through the old clay sewage pipes. It cost me an additional $3000 to dig up the yard and replace the entire sewage line. Otherwise, I was convinced the tenant was doing something wrong and flushing things down the drain that shouldn't be there. But the lesson learned was that mother nature has a vote, too, and sometimes that pesky tenant isn't at fault.<br />
<br />
What story do you have?<br />
<br />
<br />
<br />
<a href="http://www.buykwikcentex.com">http://www.buykwikcentex.com</a><br />
Buying Houses in Central Texas