I found a nice rehab in my area the other day listed at $289,000.00. I calculated the ARV at $425,000.00. It needs $70,000 +/- worth of rehab. I offered the bank $249,000.00. The agent told me they already had multiple offers and turned down a cash offer over $265,000.00. Without getting into a bunch of [...]
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A company that tracks default notices, scheduled home auctions, home repossessions, RealtyTrac Inc., predicts that 1.2 million homes will be repossessed this year. With the average home prices at 50 percent of their former worth and the historically low interest rates which are making homes more affordable these days, home buyers are still wary of [...]
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This is another hotly debated topic in the world of hard money lending and a question we are asked 20 times per day. I will give you our answer from a hard money lender’s perspective (based on risk and underwriting). If you have questions about your State’s lending laws, please consult an Attorney. Short answer: [...]
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If you have been around hard money lending for any time at all, you probably know Leonard Rosen. And if you have thought about getting into hard money lending for yourself, you have most likely considered going to Leonard’s private lending training seminar in Las Vegas. In fact, that is exactly how Hard Money Bankers [...]
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There seems to be a natural progression for a real estate investor: - First, he gets some education, overcomes his fear, and nervously buys his first residential investment property; - After gaining some confidence and doing a few deals, he moves up in volume, gets a web presence, and starts talking to his wife about [...]
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You can start investing in real estate in so may ways. For some investors and commercial real estate agents, they start with Multi Family Homes Mesa AZ since these form of property asset generates income. Let’s explore how can a multi-family home, a building designated to house more than four families, be one of the [...]
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One of the best prospects in making profit this 2011 is still real estate investing. Conversely, triumph on this kind of business also depends on the investor’s street smart stratagems and financial status. Given that interest rates in the market differ where the banking sector uses the lowest rate of interest while making a higher [...]
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The foreclosure epidemic that caused the rising surplus of Homes for Sale in Bountiful UT in the real estate inventory nowadays has restructured the standards of approval for home loans that consequently lowered down the number of buyers. The rising real estate inventory has made the American dream affordable, however, one major flaw is the [...]
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So you have an investment property that you have been renting and even at today’s value has a market value higher than your basis; how can you minimize some of that gain? Prior to December 31, 2008 there was a significant ability to reduce those gains by just moving in for two years. In fact, [...]
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If you plan on making money by investing in foreclosures then it is important to take a Real Estate Investing course. Find out which course will make you money and which courses will provide you with the information you need to get started with a minimal amount of money. Just like all business there are [...]
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