CategoryBuying

HOW TO START FLIPPING HOUSES WITH NO MONEY DOWN

In this post, I’m going to discuss how to start flipping houses with no money down.  Let’s get started. So you’ve caught the house flipping bug, huh?  Well, I understand.  I caught it too back in 2013, and it hasn’t left.   If you’re looking for an adventure filled with excitement & disappointments, then flipping houses might be for you.   If you like taking something ugly and...

IS BUYING A HOUSE TO RENT IT OUT A GOOD IDEA?

Is buying a house to rent it out a good idea?  Well – that depends on who you ask.  I imagine it boils down to determining whether or not you feel the work and risk involved is worth the potential reward.   In this post, I’ll highlight the potential financial rewards to buying a house to rent it out along with two major downsides to consider, so you can determine for yourself if buying...

WHAT TO LOOK FOR WHEN TOURING AN INVESTMENT PROPERTY

So, you’ve taken the time to create a short list of properties that seem like good candidates for your real estate investment portfolio, and it’s time to tour them.   In this post, I’m going to cover 10 not-so-obvious, but important, things to pay attention to during the tour.  Let’s get started. #1 Trees Trees?  What’s the deal with trees?  Well – maybe nothing.  In fact, trees can add...

How To Negotiate A house price down

Negotiating a house price.  You’ve done your research, looked at a bunch of properties, and found one you want to buy.  Congratulations.  Now it’s time to submit an offer and negotiate. Negotiating a house price down is exciting as you see yourself getting closer and closer to adding a property to your real estate portfolio.   Your goal is to acquire the property at the lowest possible price...

HOW TO MAKE AN OFFER ON A HOUSE

You’ve spent hours searching the internet, looking at photos, comparing prices, and touring houses.  Now you want to know how to make an offer on a house you’ve fallen in love with.   Work With A Realtor There’s no point making an offer on a house on your own.  Working with a Realtor will be at no cost to you since the seller will pay your Realtor’s commission.   Additionally, an...

How To Find Real Estate Motivated Sellers Lists

I’d like to discuss how to find real estate motivated sellers lists.  Most people who are selling real estate want to sell as quickly as possible, but motivated sellers, for one reason or another, need to sell quickly.   Maybe they have to move out-of-town due to a job change.  It could be they can no longer afford their mortgage payment, and they are trying to avoid foreclosure.  Whatever...

Buying Or Selling A Rental Property With Tenants On A Lease

Is buying or selling a rental property with tenants on a lease a wise move?  If you have a choice, then the quick answer is – it depends on the tenants.   In many states, if you are buying or selling a rental property with tenants on a lease, you can’t just kick them out because the property is being sold unless there is a specific clause in the lease that states otherwise.   In most cases...

WHAT IS A HUD HOME & WHERE DO YOU FIND HUD HOMES FOR SALE?

What is a HUD home & where do you find HUD Homes for sale?  Simply put, a HUD home is a type of foreclosure where the property did not sell at auction and, as a result, was acquired by HUD.  I’ll explain this in more depth later on and let you know where you can find HUD Homes for sale.  The purpose of this post is to answer the following questions: What is HUD? What Are FHA Loans? What is a...

REAL ESTATE FORECLOSURES: THE ULTIMATE GUIDE

Let’s talk about real estate foreclosures.  Real estate investing and real estate foreclosures go together like milk and cookies. However, there’s a myriad of different types and a multitude of ways people refer to real estate foreclosures.   Additionally, the process of purchasing a real estate foreclosure can be confusing.   Phew!  Anyhow, the goal of this post is to help make some...

WHAT IS A REO FORECLOSURE PROPERTY?

What is REO?  Do a little research into the world of foreclosures, and soon you’ll be completely and utterly confused.  Don’t feel bad.  The same was true for me when I first started investing in real estate, and I’m sure it’s also the case for many others.   You’ll hear many terms related to foreclosures including: pre-foreclosures, post-foreclosures, judicial foreclosures, non-judicial...

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