Wednesday, September 19th, 2007 at
2:02 pm
Bring up the subject of using Lease Options for real estate transactions and you normally get one of three reactions. "I hate 'em! I have never seen one work out right yet!" - from some real estate agents. "I think they're great!" - from investors who actually use them. Or maybe you get a "What's a lease option?" from someone just getting into the business.
Whatever your position, I probably wont change your mind. I will say however that lease options are one way to control and benefit from real estate without taking on the risks of ownership. And they provide a service that cannot really be done in any other way, except with rent to own and the two concepts are so close together that they are almost the same thing.
Lease option real estate solves a problem that has always been with us and one that is going to get much bigger, very rapidly with the tightening up of sub-prime mortgage lending. That problem is credit.
To read the rest of the article please see my posting at EzineArticles.
Thursday, September 6th, 2007 at
8:16 am
Professional real estate investors know that buying foreclosure real estate can be difficult, frustrating and at best a total waste of time. That is, it can be all of those things to an unwary new investor straight out of a "Make Big Money In Foreclosure Real Estate" seminar. But for the knowledgeable investor, foreclosure real estate really can be a satisfying source of good income - and a golden opportunity for first time homebuyers.
The Right Type Of Person
Most home buyers shopping for a personal residence do not even consider foreclosure property because of the imagined problems. But they should. It is puzzling in a way. There are many couples starting out without much money or credit who buy a "fixer" and spend considerable time and money fixing it up while they are living in it. They then turn around and sell it to move up to a more expensive fixer and begin the process all over again.
If this describes you, you should really consider a foreclosure property. But you need to equip yourself with a little knowledge first so you don't suffer the pain and disappointment common to so many trying this route. Let's start with the basics.
The complete article has been published on EzineArticles.com. You can read the rest of the article here: http://EzineArticles.com/?id=718434
Tuesday, September 4th, 2007 at
3:11 pm
The current unease in the real estate and mortgage industries seems to have spawned a whole new wave of seminars guaranteeing riches by investing in foreclosures. It is understandable. The markets are unstable. There have been increases in mortgage defaults and this trend will probably continue for some time. But most of the get-rich-quick seminars lead many to believe that all they have to do is write a few letters, make a few phone calls or show up on the court house steps and their dreams will come true.
Unfortunately, this is far from the truth.
There is good money to be made in all kinds of real estate investing including foreclosures. There always has been and always will be. The market goes up and down but it really doesn't matter too much. Investing tactics change with the times but the margins and profit potential are still there.
But you have to know what you are doing and what not to do. You need to examine every detail of every deal or reconcile yourself to losing rather than making money.
Investing in a property during the pre-foreclosure process takes some of the inherent risk out of the business. There are still pit-falls but you have more time to examine the deal and avoid them.
I have gained access to a great little report "Foreclosure Investing Basics - How to Rehab a House and Avoid 8 Critical Mistakes" that goes a long way toward helping you make rather than lose money in this market. Feel free to download the report by right clicking the link and "Saving As".
The report is written by Chris Thomas, the author of Dominate PreForeclosures. If you would like to explore the pre-foreclosure market a little closer, and I would encourage you to do so, and can heartily recommend his ebook Dominate PreForeclosures. He reveals the techniques he actually used and still uses, unlike some seminar gurus.
Monday, September 3rd, 2007 at
9:55 am
As we've mentioned before here, in Rent To Own Real Estate, the key is to find a motivated seller. There are many really motivated sellers out there now trying to get out from under a mortgage they can no longer afford. So the problem now is not how to find a home to rent to buy or lease option. The problem now is how to deal with the current home owner and put a deal together.
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- How do you approach them?
- How do you build rapport with them?
- How do you determine what to offer for their home?
- Where do you find the paperwork you need?
- How do you actually "Do The Deal"?
These are a few of the questions that keep the non-investor from trying to buy a home on a "rent to own" basis. There is now a new ebook that covers all of these questions and more.
The author, Charles W. Moore, directs his book to people trying to begin or improve a career in real estate investing. This is great for you even if you don't want to become an investor. Everything is laid out in easy to understand terms. He includes the forms you need, several bonus reports and maybe best of all a half-hour telephone session that can get you started right.
Many of todays' real estate investors started their careers by renting to own their own home. They discovered that it was a quick way to own a home even if they had bad credit
so they began offering their service to friends and relatives and another career was born.
If you are still renting your home or apartment, now is the ideal time for you to get become an owner and enjoy the advantages. Check out the Rent To Own eBook and I think you'll agree.
