Category Archives for Flipping/foreclosures

Estimating Repairs in Real Estate Investing

Novice investors often delude themselves about the necessary rehab costs estimating repairs when Real Estate Investing. The following story illustrates how investors should approach estimating a rehab project. Legend has it that Tiger Woods was playing golf in a tournament with the late Payne Stewart, another great golfer. They were tied at even par. On […]

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Hints for Successfully Buying at the Foreclosure Auction

Perhaps the most well-known method of obtaining foreclosure properties is buying them at the auction. The foreclosure auction is a live bidding process, just as you may have imagined. The auction is typically conducted at a public place, such as a courthouse or even at the property itself. In some states, the county Sheriff or […]

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Legal and Illegal Flipping and Lender Seasoning

There has been a lot of negative press and misinformation lately about double–closings. Several people have been indicted recently under what the press has labeled “Property Flipping Scams.” Misinformed lenders, real estate agent, and title companies will tell you that double–closings are now illegal. In fact, they are nothing of the sort. A double closing […]

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60 Days to Your First Bargain Purchase

Coaching

Finding good real estate deals is an art that takes time to master. Like any business, customers are what drive it. Your primary customer is the seller who is motivated to sell below market value. Finding motivated sellers requires advertising, marketing, salesmanship, and, like any business, keeping your nose to the ground. Nothing happens and […]

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Don’t Get Scammed by a Seller – Do an Inspection!

One question that seems to be commonly asked among those who are interested in real estate investment, particularly in flipping properties, is whether or not a real estate inspection is really necessary. The long and short answer to that question is absolutely and I will do my best to explain exactly why this is so. […]

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How to Buy Bargain Properties at an Auction

So you want to invest in profitable property or simply buy a new home at a bargain price? If so, you want to consider property auctions. Properties sold at auction are often owned by mortgage lenders after repossessions, former council/housing association homes or have been empty for some time after the owner passed away. In […]

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The Basics of “Short-Sales”

You will likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.” Negotiating […]

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How to TRIPLE Your Success Rate on Foreclosure Deals

Calling foreclosure leads, knocking doors, and mailing letters, but no success? That’s because your angle is all wrong.  Instead of offering to BUY the person’s house, try to gain trust and rapport with the seller.  In other words, instead of coming on hard, try a “soft sell”. Offer to explain the process to the person […]

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What To Look For In Foreclosures

Foreclosure investing can be difficult if you are not sure what to look for in bank-owned homes. There are certain learned skills that come with consistent investment in foreclosures. Let’s take a glance at what a trained foreclosure investor’s eye looks for when seeking out the best home for his or her buck. Location Just […]

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Marketing Your Home in the Winter

8 Tips for Marketing Your Home in the Winter So, you got a deal in late summer or you just picked up a great deal for rehab and it will be ready way before the prime selling season beginning around March of next year. Although Winter isn’t always  the best time to sell a property, you […]

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