1 Real Estate Investing Mistake Of 2005
Over the past few years, real estate investors, hungry for break-even or positive cash flow rental properties, purchased income properties out of state. California investors bought houses in Florida, Texas, and Oklahoma. Florida investors purchased houses in Louisiana. Texas investors purchased in Las Vegas. Many of these investors made millions of dollars because of the appreciation in hot markets.
On the other hand, in 2005, some beginning investors lost their hard-earned investment capital...
Real Estate Investing Infomercial Tax Sales And Mentoring Scams
Flipping through late-night infomercials recently, I saw two real estate get-rich quick schemes, and I couldn't help but wonder why people still fall for those old scams? Has anyone really talked a seller out of his home for no money down with owner financing lately?
Real estate infomercials do great harm to beginning investors, who waste hundreds of dollars on old information. Worse yet, those beginners soon get discouraged and miss out on the true (and profitable) adventure of real estate...
The Real Way To Make Money Flipping Real Estate
Would You Like to Make Money Flipping Real Estate?
Many beginning real estate investors get started by flipping real estate to make quick cash. If you would like to make more money by investing in real estate, you need to know a few essentials.
What is the definition of real estate flipping?
Simple definition: Buying property and reselling quickly, hopefully for a great profit. Usually, people think of flipping houses, or the buying and selling of a home fast, as the only way to make...
Real Estate Bubble Aftermath
Last spring, I was invited to go to Philadelphia and participate in a real estate bubble discussion on Ch 8's Money Matters Today. Television reporters, newspapers, and media hype love scaring you to grab your attention. On the TV show, I defended the real estate market.
What's behind all this bubble talk?
Before you give any substance to warnings about a real estate bubble, look closely at the source. Many stock brokers jump on the bandwagon of real estate doom to get investors back into...
Home Buyers Closing Costs You Might Not Know About
If you're home shopping or in the process of buying property, you want to make sure you have all your costs covered.
Home buyer's who purchase a home without a real estate agent (or sometimes purchase through an inexperienced agent) can find out too late they don't have enough money to close and move.
10 most overlooked costs home buyers miss:
1.) Property Taxes and Assessments
Home buyers often need to set up an escrow account with the new mortgage lender. This means that they must pay...
How To Make Your Tract Home Stand Out In The Crowd Home Staging
Home sellers who wish to market their property in development neighborhoods face tough challenges. All the houses look similar. All the houses sell for amounts in the same price range. The market -- whether itís a hot sellersí market or a cool buyersí market -- largely determines the price, purchase terms, and length of time to sell.
How do you make your home stand out from the crowd? How can you turn your property into a hot sale, even if the marketís lukewarm? Remember the Three Mís and...
Buying and Selling Distressed Houses for Maximum Profit
†by: Jeanette Joy Fisher
If you want to become a real estate investor, find a fixer-upper owned by an anxious seller. Finding distressed houses at bargain prices, fixing them up, and then selling them on a consistent basis can make you a millionaire.
Why Sellers Sell At a Discount
Homeowners' problems often prevent them from staying on top of their home's upkeep, and factors such as job loss, divorce, serious illness, various addictions, or other personal problems quickly overwhelm them....
5 Ways Poor Credit Scores Costs You Extra Money
Most of us want a good credit report to obtain automobile financing, credit cards, and to purchase a home. But, beyond these consumer loans, your credit report can cost you in everyday living expenses. What you don't know about your credit could be costing you money.
Having a credit card means that you can order tickets, rent a car, and reserve hotel rooms. Besides these conveniences, your credit report can mean that you must pay higher deposits and fees for everyday services.
Did you know...
Flipping Fixers Using Transformation Psychology for Top Dollar
†by: Jeanette Joy Fisher
Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a fixer into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits.
By incorporating the psychology of residential design, you can make wise choices in transforming your fixer house by...
Credit Scores Don t Waste Your Money
Did you know that your credit score that you purchase online is not the same credit score your loan officer gets?
You probably know that when you apply for a mortgage, your loan officer gets all three credit reporting agencies reports with three different scores. From your three credit scores, most mortgage companies use your middle credit score to determine your credit worthiness.
Do you know that the credit score an auto dealer sees is not the same credit score your loan officer sees?...