tom-beaty.com views on real estate

Wholesale real estate is one of the quickest ways to earn cash in real estate.

But many people don’t know how to earn profits this way. I’m going to show you how.Essentially, wholesale real estate is flipping properties. A typical property flip involves one investor who gets a property at below market value.

Sometimes, that property needs repairs or is sold by a motivated owner. An owner can be motivated to sell for many reasons, but the #1 reason is typically pending foreclosure.

An investor makes repairs to sell the home and sells the property at or close to market value. Profit is always key. The selling price is higher than what the investor paid for the property, along with repair costs.

The term wholesale happens when a wholesale investor purchases a distressed property below market value and makes a profit by reselling at a higher price to a rehabber.

How can you profit from wholesaling? It’s actually quite simple. You need to find a property, put it under contract and assign the contract to another buyer who will close on the property. It doesn’t matter if you have bad credit. The transaction typically requires very little money down.

How can you find a property to wholesale? Create a “We Buy Homes” ad to attract properties that have equity. You could have many properties to choose from if you place plenty of ads.

You’ll get a lot of response from prospects facing job losses, bankruptcy and foreclosure. Some of the properties that come your way may also need repair.

Here’s an example. Through your ads, you discover a property that has an after repair value of $200,000. The home is in foreclosure and needs $30,000 worth of repairs. The sellers owe $100,000 and need $8,000 for relocation.

As a wholesale investor, you would negotiate a purchase contract of $110,000 and fulfill the mortgage deficit. Write and/or assigns after your name when writing the contract.

How can you find a buyer? Spend some time thinking about your ads. Pick some suggestive titles that appeal to your market.

Your goal is to attract attention with headlines such as Investor Special, Thousands Below Market Value or Great Rehab Deal. Make sure that you list a sales price with profit for you and the rehabber.

You would wholesale the deal (sell/assign) to a rehabber for $124,000 and make $14,000 in profit. The rehabber will invest the $30,000 for repairs, and they’ll still have more than $45,000 profit. It’s a win-win for both.

Remember, wholesale investing involves three things: Find a deal. Find a buyer. Let the title company do the rest of the work.

Create A Buyers’ List

Compile a list of would-be buyers and rehabbers. This list should come from people you’ve worked with in the past or folks who have contacted you in the past.

You can compile this list easily by getting the contact information of people who contact you about your properties. Think of this as your list. Find out what types of properties they want and how much they can spend.

Don’t stop running your ads after you sell the property. This is a great way to get as many people on your list as possible. When you get a deal under contract, you have a list of potential buyers and their contact information to send information about your deals.

The best thing about wholesale real estate is that you can get quick cash without worry about your credit score or down payments.

Put in the work. Get the right professionals on your team. And wait as you wholesale your way to real estate investing cash.

Joe Dara is an attorney and wholesale investor in Long Island, New York. To learn more about wholesale investing and how you can profit in any market, visit the popular website for wholesale real estate investors at http://www.jdipropertiesonline.com.

When buying a home it is important to select one that has the features that you are looking for to make your life comfortable and rewarding. When building a custom home many people often have an exact idea of what they want and what upgrades they are willing to spend money on. For those that are building luxury executive homes in exotic locations the size and amenities of a home include the possibility of providing lodging for guests and relatives in addition to large open areas of the home for hosting parties and socializing.

Naturally such homes must have a gourmet kitchen with ample storage space and cooking surfaces to manage everything from an intimate breakfast to fully catered eight-course meal. Other appointments within the home may include fireplaces, marble floors and granite countertops. Imported woods and stone makeup the flooring and fixtures for built-in cabinets and staircases in these exclusive homes, but above all of the other details and fine finishes of an executive home perhaps the most important is the location.

As any real estate agent will tell you location is the most important feature of a home. For the people that can afford the finest things in life, exclusivity and privacy often determine the best locations for their homes. While the upscale neighborhoods of larger cities provide security and privacy behind gated walls, the properties of Utahs Deer Valley give exclusive private grounds for the rich and famous to play in, while paying attention to the preservation of the natural mountain surroundings.

By making available a very limited number of lots on the Red Cloud slopes of Flagstaff Mountain, Deer Valley real estate developers are offering private lots to homebuyers that want to enjoy the mountains of the famed exclusive ski resort and retain the level of comfort and luxury that they have become accustomed to. With lot sizes ranging from one to two and a half acres these home sites give unprecedented views to the 10,000 acres of untouched wilderness that surround the Red Cloud estates.

Not too far from the public slopes of Park City, the Deer Valley resort gives homeowners membership to the private clubs and lodges that are included in the purchase of Deer Valley real estate. With the ability of homeowners and their guests to ski-in and ski-out of their secluded homes by way of private trails, the location of some of Utahs most beautiful and impressive home sites is becoming one of the states most sought after exclusive property locations. For those that chose to build on the limited lots of Deer Valley real estate, the Red Cloud resort offers everything that a homebuyer could want or need.

Talisker Mountain Incorporated (http://www.taliskermountain.com/) offers Park City homes for sale opportunities in Park City, Utah. Art Gib is a freelance writer.

Any of us that have ever stayed up past midnight on a week night have been barraged with late night infomercials promising to tell us how to make millions in a few short weeks without using any money. The idea seems to be to good to be true. For the $39 educational offer they make it probably is. But there are 1,000’s of real real estate investors around this country that make good money without using any of their own cash or credit. Understanding three tactics and working hard could add your name to that list of savvy real estate investors.

Tactic Number 1 - No money down. If you are pitched the idea that you can buy real estate for pennies on the dollar and never have to give up a penny then you are probably being sold a bill of goods not worth the money. Yet it is very possible to invest in discounted properties without using any of your own money.

It took me a couple of years of buying properties and investing my savings at 10% down per house before I realized that at some point in time no matter how well I did I would run out of money. Either because all of my cash would be tied up in buy and hold homes making cash flow or I would get to the point that there were more deals coming in then I knew what to do with. Luckily for every one of us the supply of other people’s money (OPM) is virtually unlimited. Learn how to market your deals to other people with money to invest, either in their savings accounts or IRA’s and you will find that the no money down deals become possible, at least without any of your own money.

Tactic Number 2 - Bad Credit, No Credit, No Problem. Have you seen that pitch before? In today’s real estate investing market the number one problem investors face is the inability to get mortgages for investment properties. The fact is due to FHA guidelines it would be very difficult to get more than 10 properties in your name even with an 800 credit score and a boatload of cash in the bank.

Just like in our first tactic where we leverage other people’s money now we need to step it up and leverage other people’s credit (OPC). If you are thinking I don’t have a lot of friends and family with a bunch of money then start to think how many of them do you know that have decent credit? Enough to get a mortgage? Yes this number jumps quickly and now you can bring together your private money partners and your credit partners to fund and finance your deals even if you are three days out of bankruptcy and not even a penny to your name.

Tactic Number 3 - The biggest objection I get to using private money to fund deals is that the investor just does not know enough people with cash stores to bankroll a $200,000 house. Believe it or not my list of investors with this kind of cash is very small too. On the other hand do a survey of family and friends to find out how many of them have $5,000-$15,000 in savings or an IRA that are realizing very poor investment returns. You will be amazed to find this is most of them.

But how do I buy a house for $15,000? You probably don’t regardless of what you see on those government auction sites. What you can do is implement the tactic that brings this all together, a subject-to purchase. With this tactic we are taking over the deed to a home, the ownership rights, subject-to the existing mortgage. That means we are taking the responsibility of paying the mortgage and maintaing the property off of the hands of an often distressed homeowner. In return we are also taking over the ownership interest in the property along with any cash flow or future profits for selling the house.

Now we are leveraging the credit of the homeowner who already went through the trouble of getting the mortgage. Often times these homes are in pre-foreclosure and are behind on payments and usually in need of some light repairs. In walks our knight in shining armor, Uncle Louie. If Uncle Louie has the $11,000 to catch up the payments and do some paint and carpet we now have a great marketable home with none of our own money, none of our own credit and the homeowner gets rid of the pain being inflicted by their home. Of course Uncle Louie is getting a good market rate return for his investment of 10-15%. A WIN-WIN-WIN.

For more information and to get started investing with none of your own money or credit today and to implement these tactics in the next 30 days visit http://getrealrei.com/stockingstuffer
for more details.

In the past couple of years, the focus of the holidays is to try and “pinch pennies” and spend less than years past. Especially in 2009, the focus has never been heavier on conserving money and spending less.

With mortgage foreclosure rates still on the rise and jobless claims still unstable, it is no wonder that people need to save money more than ever. However, most people have families and, for some, skipping the holiday season is simply not an option. So how do people afford the holidays? Usually, the answer is: on credit.

Credit Cards: Good or Evil?

Although the economy has seen better days, credit card companies have not all tightened up their lending practices. And until the new credit rules go into affect on January 1, 2010, they also have the ability to change any terms whenever they want.

So how can you get out from under credit cards? Without ever having one, you would have no credit, but also no debt. Even if a person just uses their credit card for emergencies, they will often carry a balance at an exorbitant interest rate while trying to finance their emergency. So, while credit cards can help people afford “emergencies,” they tend to leave a lasting debt that can be hard to get out from under.

Can An FHA Mortgage Loan Help You?

Mortgages are not something to enter into lightly as they are financial commitment that can last for thirty years of a person’s life. However, many people are unaware of the ability of mortgages to help people get out from under costly revolving debt.

Aside from loans guaranteed by the Department of Veterans Affairs, FHA loans have the highest loan to value ratio allowed in cash out refinances. The cash you receive can help you get out from under the high, variable interest rates on revolving debt and turn it into a low fixed rate. An additional advantage of this is the ability to deduct the interest on your tax returns, which cannot be done with high interest credit cards.

Many people turn to high interest credit cards during the holidays. Although credit cards can help people afford the holidays, they often leave people with high finance charges and significant debt. An FHA mortgage loan can help people consolidate debt in order to lower their monthly financial obligations and significantly lower their interest rates.

As a former psychology major, finding solutions to resolve people’s problems has always been a subject of interest to me. I hope that my writing will give people the knowledge and confidence to make important decisions about FHA loans. In addition to writing, I love to read, knit, spend time with friends and family, and watch the Missouri Tigers and Green Bay Packers play football!

The Grand Cayman island is the largest of the three Cayman islands. There is no fresh water anywhere on the island. Fresh water has to be brought in or caught in catches. This makes for beautiful lagoons and reefs. The fish are plentiful along with sea turtles, moray eels and other aquatic life. As far as land creatures, the Grand Cayman blue iguana is most spectacular. Almost extinct in the world, the vegetation of the Grand Cayman makes for a haven for the iguana. Other than an agouti which is a rabbit like rodent that lives on the island, wildlife is pretty non existent.

The Cayman islands are a sure stop for any cruise ship sailing the Western Caribbean, and one of the favorites destinations. There are also mini cruises which just cover the islands themselves, or take a glass bottom boat to view the ocean wildlife while staying dry.

Snorkeling is amazing around the island as the clear water makes it possible to see as far as 150 feet below in places. Just watch out for the sting rays which are plentiful at Stingray City. Yellow snapper, angelfish Nassau Group, Blue Tang and Tarpon can be seen around the islands.

Because 50% of the islands income is tourist related, the restaurants are amazing, expensive but rewarding. From fresh sea food to island cuisine there is something for every taste. There is even a restaurant housed in a lighthouse. International fair is offered with Italian, Mexican, Chinese, and Thai. If you brought the kids along, Burger King, Subway, Wendy’s and McDonalds are available, but, make sure you try the island originals on your trip.

Whether you are staying a week or a month Grand Cayman Villas, Condos, or hotels are rented on an as needed basis. Back you swim suit and goggles, hop on a cruise ship departing from Florida or Georgia or fly directly into the island. Leave your worries behind and come play on the warm and wonderful island which offers something for everyone.

Grandcaymanvillas (http://www.grandcaymanvillas.net/) is a Grand Cayman villa rental. Art Gib is a freelance writer.

If you want to buy a house and you find that you are living in Canada then you have to consider the possibility of getting a Canadian mortgage. While it is something that you might not want, this is perhaps the only option that you are going to have.

Mortgages are given on behalf of people by a bank when they want to buy a house. It is usually as a result of the fact that they do not have the ability to pay for the house themselves.

So the bank will front the money for the house and then the person on whose behalf they have done this will have to pay the bank back. Until they have done this with the full amount of interest as well, the house will actually belong to the bank and this is the way that it works all over the world.

So if you think about the Canadian market at present, you might be interested or surprised to hear that there are now five million people in the country that have mortgages out on their homes. This is as a result of the economic situation and it means that not all of these people were new home buyers, some of them have been forced to use a mortgage as a way of helping them survive as they did not have any other way of doing it. Right now you are also likely to find that interest rates are quite high and there are probably quite a lot of people who are questioning whether or not they have done the right thing in taking on more debt.

Deciding to take out a mortgage should not be a matter of a quick judgment. You should really make sure that you give yourself ample time to take a whole lot of factors into account. This does not mean that you are only going to look at the amount of money that you have borrowed. You also need to decide what amount of time you will take to pay it back and of course there is also the interest rate to take into consideration. The length of payback time and amount of money that you borrow are going to have a direct impact on the interest rate that you are likely to receive.

Given that the current state of the economy is not so good, there are many money lenders that have gone bust. In addition to this, the requirements for getting credit are now a lot stricter. All of this is good but could really slow down the way in which the market grows. This is something that now the Canadian Mortgage and Housing Corporation is there to stop. It provides insurance for those people that want to buy a residence using a mortgage. They don’t do it for a business though.

The Corporation does more than this though and is also a great source of accurate information on the housing market in Canada. They will also help to finance projects that are focused on the renovation of properties and promote the development of housing.

One could say that homeowners in Canada have a lot of things to be thankful for and this is true if you think about the fact that their mortgages are guaranteed. It is a great comfort in a time where there are many people that are just unable to get their act together financially.

It is important to protect homeowners in this volatile market and this is what is happening in this country. If you want to get a Canadian mortgage then this is probably one of the best times to do it.

When you’re deciding to buy a house, some of the factors that you have to take into account are mortgage rates. As mortgage rate is important for home-buyers, GIC rate is important for investors. If you’re interested in a customized financial plan, remember to visit us.

There are many advantages when it comes to using a realtor for assistance with buying or selling your house. In this economy, it can be pretty tough to get your house seen and heard of if you are trying to sell. As you look for a new house, it is important that you find a home that will be a good purchase for you and not be something that is too much for you to take care of or pay for. This article will mention just a few reasons why using a realtor can get you that much closer to finding your New Jersey home.

First, New Jersey realtors have access to so much information about the housing market. Much of the information that is available for them is compiled from lists of real estate properties that are on the market. This information can be easily sorted through so only homes that have your specific qualifications can be considered. You are always welcome to look for homes yourself by using local advertisements in newspapers, on the internet, or just driving around. However, this strategy is very time consuming on your part and once you find a home, it may not be as good as it sounded on paper. Realtors will be able to know the properties and suggest only the best candidates for you based on the things you told him or her were the most important to you in a home.

Second, if you choose to use a realtor in New Jersey, he or she will be able to help advise you about the best price for the home in their eyes. With their prior experience and knowledge, they will have opinions about what the house should be worth and can help you set a good selling price on your own house or help you offer a reasonable price when making a purchase bid. Realtors have easy access to tell you exact price of the home the last time it sold or during the last appraisal. They can even give you the figures of similar homes in the area which have sold in the past. This really helps a lot when trying to know what figure to put on a house.

These are only a couple of reasons why using a New Jersey realtor can help you buy or sell a little easier. Think about what benefits are offered and consider using a real estate agent the next time you are looking to move.

Re/Max New Jersey (http://www.remax.com/) provides buyers and sellers with New Jersey realtors maximums quality professional service. Art Gib is a freelance writer.

One might be considering why some lenders turn down a mortgage application while some others might consider it fit for approval. The answer may well lie in the credit history and the credit history to be accurate which plays a vital role in loan permitting.

Credit score is a vital factor affecting loan granting choices by the bank or mortgagee. As an element of the pre-approval process a comprehensive inquiry is carried out into your money history whereby the lender assesses your financial affairs, your credit report and your investments. Your debt proportions are compared to the lender’s standard while deciding on the loan acceptance.

Your level of debt or credit history is taken as a parameter for judging your capability to make the monthly repayments. The credit score as represented by your credit score plays a really critical role since some lending institutions may even turn you down because of incompatibility with their lending standards. Too much debt and subprime credit rating is a standard reason cited for turning down a mortgage application.

At times your request might not be rejected altogether but you may have to accept a loan amount lower than what you desired or expected. The other conditions of the loan might also not have proved worthwhile for you. All of these might have been avoided had you been a little more careful and vigilant while placing your documents about your private finances as reflected by records of your earnings, monthly costs and debts. Among these documents the credit report is of high importance which uncovers your credit history.

While considering your request the bank will also get to research your credit score. This provides all details about your monetary history, payment records, total debts and bankruptcies ( if any ). This information is used to work out your credit report or FICO score ( a rank of Fair Isaac and Company ). This is a composite number-a numerical rating of your credit rating. These scores may range between 300-900. most people’s’s score fall between six hundred and 700. Higher credit ratings make you more attractive to the lender. So, you’ll be much more likely to be offered better rates and loan terms.

a ) Number of factors could affect the credit score. They can be broadly classified as :

b ) The time period you’ve had credit, superb credit, methods to repay this and how close you are to your credit limits.

c ) Problems with credit which you could be having like overdue payments and bankruptcies. The number and frequencies of your delinquencies is to be considered.

d ) May be noted that almost 80% of credit reports contain mistakes. Getting for yourself a copy of the report previously will permit you to take steps for improving your score.You will be availed of the chance to review the report and rectify the score to quite an extent.

Some steps which can be taken in that respect are :

a ) Finding out visa cards which aren’t needed anymore and closing the corresponding credit accounts.

b ) Settling superb accounts, if any.

c ) Paying out your debts, debt payments on time and in full and cut back your superb credit.

d ) Verifying all listed account numbers and getting guaranteed that they’re yours.

It could be noted that minor credit Problems or issues surfacing due to illnesses or brief loss of earnings due to some unpredictable occurrence will restrict your chances of getting the aspired loan from some high-cost lenders. Other banks will maybe be considerate enough to overlook such minor problems.

In spite of the best efforts there may still be certain negative suggestions in the report which could not be done away with. In such case you want to explain the situation to the lender. If at all it will not be explained then, perhaps, you’ve got to make larger down payments.

Getting to know how credit record is affecting loan prospects, proceed towards making improvements in your credit history. Your personal loan prospects will improve, doubtless. It will take you a great distance towards securing your desired mortgage.

Do you need quick cash? If so a loans for people with bad credit could solve your problem. Visit this bad credit loans specialist now.

What data can you get from a good real estate investing book? There are a numeral of online sites, which can bring out you knowledge and points on how to begin arrive at your property investments properly. You are able to also get a number of books, which are essentially on the content of buildings investing. You could search sites related to articles on the internet for information on property investing books.

Whenever you go for an in-depth analysis of these real estate investing books, you’ll find that there are a number of chapters covering topics like how to market your property investing business, the secrets of real estate investing, tips & tricks on property investing, how to follow business success of tycoon of other fields and how to grow in the building business. All these and more are covered as the component of a good real estate investing book.

A number of hidden pitfalls are there that you should avoid for staying in the business sector. You can get an elaborated overview about the risks, drawbacks and potential ways out. You can also know whether you are ready to step into the business of property investing or not. The building investing book could give you advice on how to use the books properly so that you get the utmost data out of it.

Although on your journey of becoming a successful property businessman, you would need a guide on who could help you in the right guidance. The real estate investing book can be a very good friend in achieving understanding your goals and achieving them. The book would also tell you about the property seminars from where you are able to get hidden benefits.

The building investing book also tells you how to assemble your own multi billion-dollar empire based on property. Some online sites offer you a numeral of courses, both online as well as normal. You can start your own real estate business with your own home mortgage. If you pay attention to the formulas offered by the property investing books you would be able to retrieve it within seven years.

Creative building investment figures the property investment behavior of individuals. Real estate, also known as immovable property, consists of land or anything permanently connected to the land, like buildings. property is often viewed and used in contrast to personal property. With the development of private property ownership building investment has arise as an emerging area of business.

Creative property investment is normally known as creative realty investment. It comprises of the purchase, sale of residential land and building and non residential buildings. The main conduits involved in this are landlords, tenants, buyers, developers, builders, real estate agents etc. The development in hospitality, entertainment and IT sectors are extremely influencing for the creative building investment business.

Constructive real estate investment as viewed normally is not only the business of the rich strata of the society as even if the investment is low it can reap huge benefits. Certain points are to be kept in mind before you go for creative property investing in this business like where to invest and how to invest.

The people involved in this business enterprise should have a complete and comprehensive knowledge abut the areas, which are risks prone. Success in property is the main cause behind its upsurge in countries like USA, Canada, Australia, Europe and New Zealand. The best way to get stated with creative building investment is to advertise.

Creative property investment is an art for successful real estate investment. One should start from the initial stage of gathering information and resources. Apart from that acquiring information from the net, the local newspaper is of utmost help. Information from the bulletin board also helps a lot. The legal section of the newspaper also helps in getting the right kind of information.

Seomul Evans is with Dallas Web Marketing Services consulting for CallMD, an informational Medical resource site specializing in: Mental Health and freeCOPD Treatment articles.

Are landlords responsible citizens? Some would say that they are not responsible. Some governments have blamed housing investors for contributing to the recent property booms and the over inflated values in some areas.

There are many reasons why property values rise and in the end it comes down to supply and demand and it could be argued that property investors act as a release valve to moderate the excesses of volatile property markets.

Generally speaking investors do not want to pay too much for their purchases, because they need to pay attention to their bottom line and their purchases need to be profitable. It is rare for genuine property investors to get carried away with price when purchasing a new property. Of all purchasers they almost certainly will have worked through the figures very carefully.

By helping to maintain the national stock of rental property the investor will keep many would be home buyers out of the market simply because they are satisfied and well accommodated in a rental home.

In contrast government themselves can add to the cost of building a new home with a large array of infrastructure and compliance costs that have increased hugely over the last few years and have impacted on the final price of a new house.

Property investors are also criticized for not putting their investment dollars into the nation’s stock markets and helping business to grow. The answer to that can be seen in the volatility experienced in the stock markets over the last few months.

In contrast housing investment is a safer investment. Returns still tend to be good even in a depressed market if you have good tenants. The rents bring in income and the fact that values drop has no barring on anything unless you are compelled to sell and of course you do not willingly sell on a depressed market. Some would even argue that you never sell investment property. After all why would you sell something that is making a profit. If you want to buy something else a mortgage can be organized readily enough under most circumstances.

The fact that property investors own a huge portion of a nation’s stock of rental homes, should make them valued citizens of that country. After all, who is going to accommodate the homeless if investors dropped out of the market. Government would doubtless pick up the slack. The cost would be huge and there would be no advantage gained.

If there is a lack of investment in real business then that is a problem for business to sort out. Safer stock market offerings would do well and shakier enterprises may founder but in the end investors will look after their own interests. Property investment has for years proven to be safe and lucrative for the long term investor.

Ryan can show you how to be a smart internet marketer at http://www.RyanEven.com