Monday, November 7, 2011
Wednesday, November 2, 2011
Wednesday, September 7, 2011
Wednesday, August 10, 2011
Friday, April 29, 2011
Flipping Foreclosures
An REO’s (Real Estate Owned) is just simple a term to refer to a bank owned property. REO’s are houses that have made it all the way through the foreclosure process, and did not sell at auction. REO’s are great places to find house flippers because banks are not in the real estate buying and selling business. Most banks just want to get rid of their REO’s, so they will price them below market value.
You can also go after pre-foreclosures, which are houses that have not gone to the foreclosure auction yet but the homeowners are behind on payments. The great thing about going after pre-foreclosures is that there is less competition than REO’s, you can help a homeowner stop foreclosure and you can sometimes get a better deal.
There are several ways to flip a foreclosure property. You can Wholesale the property, fix and flip, or do a short sale. I personally prefer to fix and flip houses or wholesale. Fixing and flipping can generate massive amounts of profit in less than 2 to 5 months.
Wholesaling you can make around 10% of what you would make on a rehab but a wholesale can be done with no money, no credit and takes less than one month to complete. When wholesaling all you simply do is find a cheap houses, put it under contract and then assign your contract to another investor for a small fee. You cannot wholesale REO’s with a traditional assignment. But you can wholesale pre-foreclosures all day long.
So what else do you need to know about flipping foreclosures?
If you have never done a real estate investing deal before then you need to know how that you make your money when you buy. That means that buying a house at the right price is the most important part.
Here is a simple formula we use to buy foreclosures.
First we find out what the Market Value of the property is (what this house could sell for in 100% perfect condition)
We take that price and times it by .70
Then we subtract repairs, closing cost, holding cost and all the costs associated with buying a property.
If we are wholesaling we than subtract our wholesale fee. And that is an easy way to come up with your price.
This method has worked for us at Big Sky Property Solutions LLC and should work for you.
Before you ever decide to get started flipping foreclosures I recommend that everyone get some education. Read a few books and also find someone to show you want to do. A mentor can help show you exactly what to do and help you avoid any mistakes.
Get started flipping foreclosures today and you will have success.
If you would like to Learn how to Flip Foreclosures Grab a Copy of my FREE 7 steps to real estate riches.
http://RealEstateFlippingRiches.com
Tuesday, February 15, 2011
Flipping Houses – The Secrets to Making Money
Every day there are more and more news reports telling us how bad the real estate market is and how there are going to be more foreclosures this year. If you are a normal person working in the 9 to 5 world these reports may scare you. But if you are a real estate investor who is flipping houses in the current economy these reports excite you.
More millionaires have been made in bad real estate economies than any other time in history. The reason is because the super wealthy know that the best way to financial freedom is real estate investing, they know the secrets to making money. Normal people become scared with all of the bad new and become more and more motivated to sell.
You may be wondering what the secret to flipping houses in the current economy is? There is not really one specific secret to making money in real estate investing but the main key is knowledge combined with action. If you know how to flip houses and then use that knowledge you cannot fail.
Right now there are hundreds of Gurus, coaches and real estate experts teaching beginning investors how to make money flipping houses. They are giving away all of their secrets and making people wealthy every day.
The best way to get started and learn the real estate flipping secrets is to learn how to wholesale real estate. Wholesaling is a method that uses very little cash and can create quick profits.
Wholesaling real estate involves finding cheap property, putting that property under contract and then assigning your rights to buy that house to another investor for a fee. Its sounds pretty simple right? That’s because it is simple, and there are investors making over one hundred thousand a month, yes a month doing this.
Right now with the current state of the economy there is an endless supply of motivated sellers out there and also an endless amount of investors looking for houses to fix up and flip or to rent out. Just look in the Classifieds and you will find tons of Great Fixer upper deals.
Finding these investors is very easy if you know where to look. Search Google real estate investing in your area to find hundreds of real estate investor web sites. Also check your local real estate investors association for more information on real estate investing in your area.
What most people do not know is that real estate investing is not rocket science and you can learn how to make massive amounts of cash in less than 30 days. The key is finding a course or coach that you like. There is also thousands of free eBooks and mini courses on the internet right now. Go to any real estate investing blog or web site and you can find one.
Right now is the best time in history to invest in real estate. Get out there and make it happen, learn, and grow.
Tuesday, February 8, 2011
Real Estate Investing – How to Flip Houses for Quick Cash
Have you seen the show flip this house? What they do is buy and property for pennies on the dollar, fix the property up and then resell the house and make 20 thousand or more. This is a great strategy if you have the money and don’t mind waiting around 3 months to get your property sold. I want to talk to you today about a strategy where you can make five thousand or more in less than 30 days and more importantly with less than 8 hours of work.
So what is the magical strategy? If you guessed wholesaling real estate than you are correct. Wholesaling houses is the best house flipping method around and the quickest method to produce cash in real estate investing. The best part is that you can do this with little or no money of your own.
So how do you wholesale or flip houses for quick cash?
1) Find a cheap house
With the current state of the economy and real estate market this is no shortage of motivated sellers out there. A seller can be motivated because of financial troubles, foreclosure, bad tenants, inherited an unwanted property, divorce and so on.
What I do is send all of these people a letter telling them how I can possibly help them. You can also find endless leads online with a nice fully optimized web site.
2) Negotiate and sign a contract
Because motivated sellers just want to sell fast and put their problems behind then, you really have lots of room to negotiate if there is equity in a deal.
Once you have negotiated a price, ran some numbers to make sure the property is a good deal you can put the property under contract. Contracts are very simple to fill out but can be confusing at first. Ask a local realtor to show you how to fill one out.
3) Find you Investor Buyer
When dealing with investors you want to work with cash buyers. Cash buyers are investors who can close on a wholesale deal with cash, and not have to go to the bank and get a loan. Closing on real estate with all cash makes the process run a lot smoother and goes quickly.
Where do you find cash buyers? Check your local real estate investors association, foreclosure auctions and networking events.
Believe me there and more cash buyers out there than you think, you just need to find them.
4) Assign you Contract
Once you have found a cash buyer you will want to assign your contract to this buyer. All you need to do is have an assignment form, fill out the form, put in your wholesale fee, and then sign it.
An assignment of contract simply assigns your right to buy the property to someone else and then you are not liable for the property.
5) Start your title work
Some people say that you should start the title work right when you put the house under contract but I like to have a buyer first, that way to can take the contract, assignment and everything to the title company together. And because you will not always find a buyer for every deal you will sometimes have to cancel your contract. If you have started title work you may have to pay for what they have done.
The title company will do everything that needs to be done from this point on, they will set up the closing and make sure the funds are in place.
6) Collect your Check
All you do now is sit back and wait for your check. Wholesaling real estate is not as hard as you thought. Sometimes you will want to check in with your buyer and seller to make sure everyone is happy.
What else should you know about flipping houses?
Flipping houses is not as hard as you would think; all it takes is a little bit of time to educate yourself and to market your business. Right now wholesaling real estate is the best house flipping strategy to use.
Sunday, January 23, 2011
Flipping Real Estate
An Easy Way to Get Rich
If you try to browse the internet, you will see a lot of topics on how to acquire wealth. Getting rich is probably what many people desire but very few get what they want. Do you agree with what experts say that an easy way to get rich is by Flipping Real Estate?
Entrepreneurs are always looking for ways to attain extreme wealth but they are also struggling to manage their finances and the business. There is never really an easy way to earn extreme wealth. You should work hard for every penny you earn and that also applies to real estate investing. Even if other investors are quite successful in the real estate flipping business, there is no guarantee that you will have the same fate.
To ensure your success in the real estate flipping business, you should master the basicis and learn the real estate flipping secrets. You also need to learn about different systems such as automation, duplication, and delegation. When you follow a proven system for flipping houses you can easily duplicate your results over and over again. This is very important to ensure that money keeps coming in every month. Try to set realistic financial goals.
About 90% of the wealthy people in the U.S. have made their money throught real estate investing. Flipping real estate is one of the fastest ways to financial freedom but its going to take some work. Don’t believe in what infomercials claim. You must learn about the different processes involved in real estate. When pursuing your business, you will encounter many income generating opportunities like wholesaling, lease options, foreclosures, rentals, commercial properties, tax liens, short sales, being a loan officer or agent, investing in mortgages or in notes, and many others. Investing in mortgages promises high gains but you need you study how it works.
When entering the real estate business, you should start with wholesaling. Once you have gained experience Wholesaling a few houses and generating cash you can move on to bigger and better opportunities. Get lots of cash first by Flipping Real Estate then start investing in reantals., Rentals will generate passive income every month and help you become financially free. I also love Rehabbing Houses, which is buying Houses to fix up and resell for huge profit.
You see, there are a lot of things to consider when purchasing investment properties. If you don’t have the right knowledge, you will not last long and you’ll end up wasting your money. You need to ensure that your capital is protected. If you do not follow a proven system you could be spending years upon years trying to figure out how to flip real estate.
There isn’t exactly one way to be extremely rich. Well, if you’re born rich, then you’re lucky because you already inherit wealth. What about those who were born as ordinary individuals? You should not be discouraged even if you were not born with a silver spoon in your mouth. If you try to learn about the foundation and basics of real estate investing, you too can become rich.
Start real estate investing now and learn the Real Estate Flipping Secrets. You will be rich in time especially if you’re hardworking and knowledgeable. Gather all the possible information resources you can find online and offline. Read and understand the facts you obtained and apply them in your investment decisions. Even if it may take some time, you’re guaranteed to have wealth through real estate investments.
Get the Real Estate Flipping Secrets Course Today
If you try to browse the internet, you will see a lot of topics on how to acquire wealth. Getting rich is probably what many people desire but very few get what they want. Do you agree with what experts say that an easy way to get rich is by Flipping Real Estate?
Entrepreneurs are always looking for ways to attain extreme wealth but they are also struggling to manage their finances and the business. There is never really an easy way to earn extreme wealth. You should work hard for every penny you earn and that also applies to real estate investing. Even if other investors are quite successful in the real estate flipping business, there is no guarantee that you will have the same fate.
To ensure your success in the real estate flipping business, you should master the basicis and learn the real estate flipping secrets. You also need to learn about different systems such as automation, duplication, and delegation. When you follow a proven system for flipping houses you can easily duplicate your results over and over again. This is very important to ensure that money keeps coming in every month. Try to set realistic financial goals.
About 90% of the wealthy people in the U.S. have made their money throught real estate investing. Flipping real estate is one of the fastest ways to financial freedom but its going to take some work. Don’t believe in what infomercials claim. You must learn about the different processes involved in real estate. When pursuing your business, you will encounter many income generating opportunities like wholesaling, lease options, foreclosures, rentals, commercial properties, tax liens, short sales, being a loan officer or agent, investing in mortgages or in notes, and many others. Investing in mortgages promises high gains but you need you study how it works.
When entering the real estate business, you should start with wholesaling. Once you have gained experience Wholesaling a few houses and generating cash you can move on to bigger and better opportunities. Get lots of cash first by Flipping Real Estate then start investing in reantals., Rentals will generate passive income every month and help you become financially free. I also love Rehabbing Houses, which is buying Houses to fix up and resell for huge profit.
You see, there are a lot of things to consider when purchasing investment properties. If you don’t have the right knowledge, you will not last long and you’ll end up wasting your money. You need to ensure that your capital is protected. If you do not follow a proven system you could be spending years upon years trying to figure out how to flip real estate.
There isn’t exactly one way to be extremely rich. Well, if you’re born rich, then you’re lucky because you already inherit wealth. What about those who were born as ordinary individuals? You should not be discouraged even if you were not born with a silver spoon in your mouth. If you try to learn about the foundation and basics of real estate investing, you too can become rich.
Start real estate investing now and learn the Real Estate Flipping Secrets. You will be rich in time especially if you’re hardworking and knowledgeable. Gather all the possible information resources you can find online and offline. Read and understand the facts you obtained and apply them in your investment decisions. Even if it may take some time, you’re guaranteed to have wealth through real estate investments.
Get the Real Estate Flipping Secrets Course Today
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