Saturday, May 07, 2005
Learn Real Estate Investing
Real estate investing popularity has really been exploding over the last 10 years, partly due to late night infomercials pushing no money down real estate courses. There is no question that these real estate courses work... the only question is whether you work it.
How do you get into the real estate investing market?
First, anwser whether you're a beginner in the real estate investing game? Or are you one of the seasoned real estate investors who already has deals under his belt? Or a pro that has many, many deals already done?
The key to investing is finding your niche in the market. There are dozens and dozens of ways to make money by investing in real estate. You can learn no money down, condominium conversions, commercial investing, foreclosures and preforeclosures, and many more.
Foreclosures is a niche market that is simple to follow once you have the information on how to do it. The good news about the foreclosure market is also that you can make an annual salary on one real estate deal.
A question that many of us should ask ourselves is:
Where will you be at 65?
3% of the population must continue to work
29% of the population will be deceased
63% will need social security
ONLY 5% will be financially secure
What are you doing to secure your financial future?
For more information on a wealth building system visit:
http://www.MassiveForeclosureProfits.com
How do you get into the real estate investing market?
First, anwser whether you're a beginner in the real estate investing game? Or are you one of the seasoned real estate investors who already has deals under his belt? Or a pro that has many, many deals already done?
The key to investing is finding your niche in the market. There are dozens and dozens of ways to make money by investing in real estate. You can learn no money down, condominium conversions, commercial investing, foreclosures and preforeclosures, and many more.
Foreclosures is a niche market that is simple to follow once you have the information on how to do it. The good news about the foreclosure market is also that you can make an annual salary on one real estate deal.
A question that many of us should ask ourselves is:
Where will you be at 65?
3% of the population must continue to work
29% of the population will be deceased
63% will need social security
ONLY 5% will be financially secure
What are you doing to secure your financial future?
For more information on a wealth building system visit:
http://www.MassiveForeclosureProfits.com
Sheriff's Auctions
Public Auction or Sheriff’s Auction
Public Auctions or Sheriff’s Auctions are not for the novice real estate investor. Generally they are the most risky time to purchase foreclosed real estate property. This is not to say that they can’t be an overwhelming profit center. There is no doubt that sheriff's auctions can yield major returns for the investor.
What happens at sheriff's auction, also known as county auctions, is generally very similar in all states. Some states will auction the property in a courtroom and others will literally auction the property on the courthouse steps.
At an auction there will typically be a referee who handles the bidding. Most likely there will be a representative from the bank that is foreclosing, and there will be some investors present, and others just interested in what is happening.
For More Info Visit:
http://www.massiveforeclosureprofits.com
Public Auctions or Sheriff’s Auctions are not for the novice real estate investor. Generally they are the most risky time to purchase foreclosed real estate property. This is not to say that they can’t be an overwhelming profit center. There is no doubt that sheriff's auctions can yield major returns for the investor.
What happens at sheriff's auction, also known as county auctions, is generally very similar in all states. Some states will auction the property in a courtroom and others will literally auction the property on the courthouse steps.
At an auction there will typically be a referee who handles the bidding. Most likely there will be a representative from the bank that is foreclosing, and there will be some investors present, and others just interested in what is happening.
For More Info Visit:
http://www.massiveforeclosureprofits.com
Friday, May 06, 2005
Foreclosures at Record Highs in the US
Given the current condition of our economy, thousands of home owners across the country are losing their houses to foreclosure. In fact, foreclosure is at record highs in the US at the time of this publishing.If a homeowner falls behind on his or her mortgage, the lender has the right to sell the home at Public Auction, also call Sheriff's Auctions. In order to prevent the home from selling a public auction, often times the owner will sell the property at a steep discount. This can be a great opportunity for real estate investors to capitalize.
For more info visit:
http://www.massiveforeclosureprofits.com
For more info visit:
http://www.massiveforeclosureprofits.com
How to Find Real Estate Foreclosure Houses, Homes, Properties
One of the keys to successful real estate foreclosure investing is finding foreclosure leads. While there are foreclosure lists available from different foreclsoure services, the best option for the individual real estate investor is to find the foreclosure leads on their own. The key to investing in foreclosures is finding preforeclosure leads. You can build your business around preforeclosures. Finding preforeclosures is the key. No matter what state you are in, you can search for and find preforeclosure leads.
visit:
http://www.massiveforeclosureprofits.com
visit:
http://www.massiveforeclosureprofits.com
Thursday, May 05, 2005
How To Buy Probate Houses
Probate Houses:
You can buy probate homes from people who have inherited them and do not want to deal with them. Believe it or not, a large percentage of those who inherit a home through probate do not want them. They are more trouble than anything. This allows real estate investors to have an opportunity to buy real estate for pennies on the dollar. Much like foreclosure real estate, probate real estate is a terrific way to profit for the novice real estate investor and the seasoned real estate investor alike.
visit:
http://www.massiveforeclosureprofits.com
You can buy probate homes from people who have inherited them and do not want to deal with them. Believe it or not, a large percentage of those who inherit a home through probate do not want them. They are more trouble than anything. This allows real estate investors to have an opportunity to buy real estate for pennies on the dollar. Much like foreclosure real estate, probate real estate is a terrific way to profit for the novice real estate investor and the seasoned real estate investor alike.
visit:
http://www.massiveforeclosureprofits.com
Preforeclosure Houses
Preforeclosure Houses:
You can buy homes before the foreclosure auctions directly from the homeowners with as little as a $10 deposit. Once you control the property you can quickly resell the house to other real estate investors for big cash profits.
visit:
http://www.massiveforeclosureprofits.com
You can buy homes before the foreclosure auctions directly from the homeowners with as little as a $10 deposit. Once you control the property you can quickly resell the house to other real estate investors for big cash profits.
visit:
http://www.massiveforeclosureprofits.com
Questions Before Bidding at A Real Estate Foreclosure Auction
Questions Before Bidding at Auction
These are a few examples of questions you might want to ask prior to bidding on a home at auction. Please note that additional information may be required.
Lender’s Attorney, Real Estate Broker, Auction Referee
1. Is the house accessible for viewing prior to the auction date?
2. Is the house abandoned?
3. Are the utilities operational?
4. How much is the down payment?
5. How long do I have to close after the auction?
6. What form does the payment have to be made in?
7. Is the contract assignable?
8. Will I lose my down payment if I do not close?
9. Is this a first mortgage foreclosure?
Are their any other liens on the property?
Local Building Department
1. Is the certificate of occupancy current?
2. Does the city require a rental permit?
3. Are there any outstanding violations?
4. Have all permits been closed out with final inspection?
visit:
http://www.massiveforeclosureprofits.com
These are a few examples of questions you might want to ask prior to bidding on a home at auction. Please note that additional information may be required.
Lender’s Attorney, Real Estate Broker, Auction Referee
1. Is the house accessible for viewing prior to the auction date?
2. Is the house abandoned?
3. Are the utilities operational?
4. How much is the down payment?
5. How long do I have to close after the auction?
6. What form does the payment have to be made in?
7. Is the contract assignable?
8. Will I lose my down payment if I do not close?
9. Is this a first mortgage foreclosure?
Are their any other liens on the property?
Local Building Department
1. Is the certificate of occupancy current?
2. Does the city require a rental permit?
3. Are there any outstanding violations?
4. Have all permits been closed out with final inspection?
visit:
http://www.massiveforeclosureprofits.com
Wednesday, May 04, 2005
What is PreForeclosure?
Preforeclosure
What is preforeclosure? Preforeclosure is the time period from which the bank gives notice of default, once the homeowner is approximately 90 days late in payments, to the time the house sells at auction. Preforeclosure is also the most crucial time in the foreclosure process. It is during this period that you as an investor stand to make the largest profits and can literally make thousands of dollars in months, weeks, days, or even hours!
The key to preforeclosure houses is equity. Simply put, equity is the difference between what a house will sell for (fair market value) and what is owed on the house. The whole concept to making money with preforeclosures is to buy a house for less than fair market valuing, thus immediately creating equity for yourself.
Here is an example of how this can work. Let’s say someone owns a house with a fair market value of $200,000. Now let’s assume that this homeowner has lived in the house for several years. If you consider that the property has most likely increased in value over time, while at the same time the homeowner has been paying down the mortgage on a monthly basis, it is fair to assume they owe less than $200,000 on the property.
For this example let’s assume that the homeowner owes $160,000. This means there is $40,000 in equity in the house. As an investor, you would want to buy the house for $160,000 or slightly higher. If you can do this, you have a shot at making $40,000.
I know what you are thinking. Why would they sell the house for $40,000 under the market value? Right? Here is one reason why. If they sell the house to you, you can promise them a quick closing, thus stopping the foreclosure (losing the house at auction).
This will prevent a foreclosure from going on the homeowner’s credit record. A foreclosure can stay on someone’s credit for seven to ten years making it next to impossible to get another mortgage in the future. This is just one of many reasons.
So let’s say they sell the house to you for $160,000. You can turn around and put the house back on the market for the $200,000 that it is worth. Once the home sells, you could put a whopping $40,000 in your pocket. Sounds pretty nice, huh? The best thing is there are ways to make similar deals with little or no money! An that is an example of how you can make money with preforeclosure houses.
In order to buy preforeclosure houses you first need preforeclosure leads. This is how you are going to get your leads. You are going to implement a powerful direct marketing campaign soliciting those who are in preforeclosure. How do you learn where to start looking?
One of the most valuable sources for preforeclosure leads is mortgage brokers. Almost everyone knows a mortgage broker. Maybe your brother is a mortgage broker. Maybe a good friend is a mortgage broker.
If you don’t know anyone in the mortgage business, network a little bit. I am confident you will be introduced to someone in the mortgage field that can help you.
If not, that is OK too! You will just have to do a little more legwork. Go through the yellow pages and look for mortgage companies. Start calling around and introducing yourself. See if you can talk to the manager. If not ask to speak to a loan officer.
Ask them if they have someone in particular that handles foreclosure financing. They may or may not. Often times in mortgage companies, they will receive large volumes of calls from distressed homeowners.
These are homeowners who are trying everything to stop foreclosure. Most of the time, it is too late for the mortgage company to help the homeowner because their credit is already shot. At this point the mortgage company may refer them to what is sometimes call a hard money lender. A hard money lender is a lender that specializes in high risk loans. Often times, they are private investors.
This is where you come in. These leads are invaluable. They are homeowners that are exhausting their last options to save their home. What you do is have the mortgage company start to refer these deals to you. If you can get the names and phone numbers of these homeowners, you can contact them directly. More importantly, you can contact them when they are open to listening and expecting your call. If the mortgage representative that can’t help them gives a high recommendation of you to the homeowner, they will be excited to hear from you.
For more information on how to build long-term wealth and passive income visit:
Http://www.massiveforeclosureprofits.com
What is preforeclosure? Preforeclosure is the time period from which the bank gives notice of default, once the homeowner is approximately 90 days late in payments, to the time the house sells at auction. Preforeclosure is also the most crucial time in the foreclosure process. It is during this period that you as an investor stand to make the largest profits and can literally make thousands of dollars in months, weeks, days, or even hours!
The key to preforeclosure houses is equity. Simply put, equity is the difference between what a house will sell for (fair market value) and what is owed on the house. The whole concept to making money with preforeclosures is to buy a house for less than fair market valuing, thus immediately creating equity for yourself.
Here is an example of how this can work. Let’s say someone owns a house with a fair market value of $200,000. Now let’s assume that this homeowner has lived in the house for several years. If you consider that the property has most likely increased in value over time, while at the same time the homeowner has been paying down the mortgage on a monthly basis, it is fair to assume they owe less than $200,000 on the property.
For this example let’s assume that the homeowner owes $160,000. This means there is $40,000 in equity in the house. As an investor, you would want to buy the house for $160,000 or slightly higher. If you can do this, you have a shot at making $40,000.
I know what you are thinking. Why would they sell the house for $40,000 under the market value? Right? Here is one reason why. If they sell the house to you, you can promise them a quick closing, thus stopping the foreclosure (losing the house at auction).
This will prevent a foreclosure from going on the homeowner’s credit record. A foreclosure can stay on someone’s credit for seven to ten years making it next to impossible to get another mortgage in the future. This is just one of many reasons.
So let’s say they sell the house to you for $160,000. You can turn around and put the house back on the market for the $200,000 that it is worth. Once the home sells, you could put a whopping $40,000 in your pocket. Sounds pretty nice, huh? The best thing is there are ways to make similar deals with little or no money! An that is an example of how you can make money with preforeclosure houses.
In order to buy preforeclosure houses you first need preforeclosure leads. This is how you are going to get your leads. You are going to implement a powerful direct marketing campaign soliciting those who are in preforeclosure. How do you learn where to start looking?
One of the most valuable sources for preforeclosure leads is mortgage brokers. Almost everyone knows a mortgage broker. Maybe your brother is a mortgage broker. Maybe a good friend is a mortgage broker.
If you don’t know anyone in the mortgage business, network a little bit. I am confident you will be introduced to someone in the mortgage field that can help you.
If not, that is OK too! You will just have to do a little more legwork. Go through the yellow pages and look for mortgage companies. Start calling around and introducing yourself. See if you can talk to the manager. If not ask to speak to a loan officer.
Ask them if they have someone in particular that handles foreclosure financing. They may or may not. Often times in mortgage companies, they will receive large volumes of calls from distressed homeowners.
These are homeowners who are trying everything to stop foreclosure. Most of the time, it is too late for the mortgage company to help the homeowner because their credit is already shot. At this point the mortgage company may refer them to what is sometimes call a hard money lender. A hard money lender is a lender that specializes in high risk loans. Often times, they are private investors.
This is where you come in. These leads are invaluable. They are homeowners that are exhausting their last options to save their home. What you do is have the mortgage company start to refer these deals to you. If you can get the names and phone numbers of these homeowners, you can contact them directly. More importantly, you can contact them when they are open to listening and expecting your call. If the mortgage representative that can’t help them gives a high recommendation of you to the homeowner, they will be excited to hear from you.
For more information on how to build long-term wealth and passive income visit:
Http://www.massiveforeclosureprofits.com
Tuesday, May 03, 2005
Three Foreclosure Opportunities
There are three different windows of opportunity for investment during the foreclosure process. The first is pre-foreclosure. Preforeclosure is the period from the notice of default until the auction. The second is at real estate auctions. The third chance is once properties go back to the bank and are known as REO properties. Each with its own unique advantages and risk, it is crucial that you know all the steps to capitalize big.
Where to find foreclosures, how and when to buy foreclosures, and how to research title are the important things to learn. Each foreclosure stage has potential for investment.
Where to find foreclosures, how and when to buy foreclosures, and how to research title are the important things to learn. Each foreclosure stage has potential for investment.
There are REO databases that contain thousands and thousands of properties that are updated continuously from multiple private and government lending sources. If you are seeking property that is not available, you should understand that BANK REO opportunities come & go very fast! The window of opportunity is small. The good news is there are new ones every day. Stick with it.
http://www.massiveforeclosureprofits.com
http://www.massiveforeclosureprofits.com
California Forclosed Home In
Why invest in real estate?
Why invest in real estate?
The real-estate market has been booming locally and nationally for years. In many areas, the combination of low housing inventory and low mortgage-interest rates has created a seller's market. The average price of houses and condos combined has risen more than 24 percent in King, Snohomish, and Pierce counties between 2000 and 2004, according to data from the Northwest Multiple Listing Service.
But rising property prices aren't the only thing driving new investors into the business: The dot-com crash and stock-market declines of 2001 made many investors rethink their diversification strategies and seek alternative investments. Since then, they've been doing their homework on how to invest in property.
The sluggish economy and loss of jobs is also a contributing factor to the 30 year historical high for real estate foreclosures. The local and national market is hot for anybody looking to invest in foreclosed homes.
To learn how investors are finding and buying foreclosed properties in your area visit at:
MassiveForeclosureProfits.com
The real-estate market has been booming locally and nationally for years. In many areas, the combination of low housing inventory and low mortgage-interest rates has created a seller's market. The average price of houses and condos combined has risen more than 24 percent in King, Snohomish, and Pierce counties between 2000 and 2004, according to data from the Northwest Multiple Listing Service.
But rising property prices aren't the only thing driving new investors into the business: The dot-com crash and stock-market declines of 2001 made many investors rethink their diversification strategies and seek alternative investments. Since then, they've been doing their homework on how to invest in property.
The sluggish economy and loss of jobs is also a contributing factor to the 30 year historical high for real estate foreclosures. The local and national market is hot for anybody looking to invest in foreclosed homes.
To learn how investors are finding and buying foreclosed properties in your area visit at:
MassiveForeclosureProfits.com
Monday, May 02, 2005
I made $7,000 in one hour
Who else wants a good real estate foreclosure investing course?
One student said...
I Made $7,000... In One Hour! I had absolutely zero real estate experience and by following Jeff's guidelines I was able to make $7,000 on a transaction that took literally one hour! The information that I've learned from Jeff has since brought me tens of thousands of dollars in the real estate business and I work it in my spare time.
http://www.massiveforeclosureprofits.com
One student said...
I Made $7,000... In One Hour! I had absolutely zero real estate experience and by following Jeff's guidelines I was able to make $7,000 on a transaction that took literally one hour! The information that I've learned from Jeff has since brought me tens of thousands of dollars in the real estate business and I work it in my spare time.
http://www.massiveforeclosureprofits.com
Jeffrey Ringold
My name is Jeffrey Ringold. I just recently turned 29 years old and have dreamed of being a real estate investor from as early as I can remember. I dreamt of the freedom it brings, the cash profits it delivers, and the long-term wealth it couldprovide me.I began studying real estate around 18 years old. I’d invest in tapes, books, classes, and anything else that I thought might lead me to big wealth in real estate. However, even after gaining the information and knowledge from these resources, I still felt unsure of what to do.So I let my dream slip away.
I finished high school (barely…I missed so much school my senior year, that I almost didn’t graduate), I then entered a university to study who knows what….nothing that I had any interest in. I only did this because everyone around me said I had to go to school and get good grades in order to get a good job.Well, guess what? I didn’t want a good job! I didn’t want to work for someone else that told me when to come to work and when to leave and how muchI was worth!The thought of commuting to an office 40, 50, 60 hours a week for the next 40 years made me SICK! Thinking about it reminded me of something that my father liked to say when he’d meet a young person just getting their first real job in the workforce.
He’d smile, congratulate them and then say, ‘You only have 40 years left to retirement’! Only 40 years left? Are you kidding me? Working for someone else? The thought of doing that burned me deep down in my soul! I couldn’t imagine it.For the next 1 ½ years I was miserable. Going to classes I didn’t like, studying things that I could care less about, dreading the thought of one day graduating and working for someone else. My grades were slipping, my professors called me a slacker and all I could think about was learning how to make money in real estate.
Then it finally happened…I got that one proverbial lucky break!I was offered a full time job with a HUGE real estate investor. Yes, it was a j-o-b and I didn’t like the thought of working for an employer, but this was a unique experience. I had the opportunity to watch and learn from a man who made $30,000,000 (yes, 30 million) in one year! A man who had made more money in a year than most people could ever make in a lifetime!
I jumped on that opportunity so fast my head was spinning. Before I knew it, I dropped out of college, was working 60-70 hours per week. I was learning inside information on how to make REAL money from a man that had over 30 years of experience and millions and millions of dollars in his bank account.I was in with both feet and I never looked back. I was 20 years old at that time. I became a licensed real estate agent AND began my investing career all in that same year. Within 7 short years, I had bought or sold over $12,000,000 worth of real estate and had learned every closely guarded secret you could possibly ever need.
I’ve been mentored by one of the leading real estate multi-millionaires in the state and have worked side by side with him for years, sucking up money-making ideas like a dried sponge waiting for water!
Visit my site at:
http://www.massiveforeclosureprofits.com
I finished high school (barely…I missed so much school my senior year, that I almost didn’t graduate), I then entered a university to study who knows what….nothing that I had any interest in. I only did this because everyone around me said I had to go to school and get good grades in order to get a good job.Well, guess what? I didn’t want a good job! I didn’t want to work for someone else that told me when to come to work and when to leave and how muchI was worth!The thought of commuting to an office 40, 50, 60 hours a week for the next 40 years made me SICK! Thinking about it reminded me of something that my father liked to say when he’d meet a young person just getting their first real job in the workforce.
He’d smile, congratulate them and then say, ‘You only have 40 years left to retirement’! Only 40 years left? Are you kidding me? Working for someone else? The thought of doing that burned me deep down in my soul! I couldn’t imagine it.For the next 1 ½ years I was miserable. Going to classes I didn’t like, studying things that I could care less about, dreading the thought of one day graduating and working for someone else. My grades were slipping, my professors called me a slacker and all I could think about was learning how to make money in real estate.
Then it finally happened…I got that one proverbial lucky break!I was offered a full time job with a HUGE real estate investor. Yes, it was a j-o-b and I didn’t like the thought of working for an employer, but this was a unique experience. I had the opportunity to watch and learn from a man who made $30,000,000 (yes, 30 million) in one year! A man who had made more money in a year than most people could ever make in a lifetime!
I jumped on that opportunity so fast my head was spinning. Before I knew it, I dropped out of college, was working 60-70 hours per week. I was learning inside information on how to make REAL money from a man that had over 30 years of experience and millions and millions of dollars in his bank account.I was in with both feet and I never looked back. I was 20 years old at that time. I became a licensed real estate agent AND began my investing career all in that same year. Within 7 short years, I had bought or sold over $12,000,000 worth of real estate and had learned every closely guarded secret you could possibly ever need.
I’ve been mentored by one of the leading real estate multi-millionaires in the state and have worked side by side with him for years, sucking up money-making ideas like a dried sponge waiting for water!
Visit my site at:
http://www.massiveforeclosureprofits.com
