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Nov

28

The Secret Behind a Cheap Property

Filed in: General by Mike Lautensack on 11-28-09

If one is already decided that he should spend a specific part of his money into something worth investing in but he has no idea what to invest in, then maybe property investment is the choice. Property investment UK has been gaining popularity because of its great promise.

One attractive idea when you buy property in London, Manchester and Birmingham is that these properties come in a low price. These properties are affordable especially to those who are just starting to build an investment and only have a small amount of money at hand. Even if the capital is small, one can be assured that he can have an investment.

Finding these properties is also not a problem at all. Ads are available all over the Internet or one may seek the assistance of a real estate agent. Whichever option is chosen, theres always a cheap property London, Manchester and Birmingham that will be suited for a great investment.

As one decides to purchase the cheap property, the next thing that can be done is to think about the options after buying it. He can either resell it or lease it.

When one chooses to resell the property, hed want to wait for the areas around it to develop. It may take several months up to a few years before the area will finally get commercialized. Offices and stores may be built around it. The access to these establishments is a factor in increasing the value of the property.

On the other hand, if the reselling of the property is too early, why not have the premises leased instead? Lease the property for commercial use. Have it rented as an office or a store. Property investment in UK is indeed a great opportunity for those who want to use their money wisely.

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Nov

27

Filed in: Real Estate Investing by Mike Lautensack on 11-27-09

http://www.learnrealestateinvestingblog.com/partners/

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Nov

26

Bulk REO Investor Tips

Filed in: General by Mike Lautensack on 11-26-09

No generation in American history has ever experienced the number of foreclosures and defaulted mortgages as is happening now. But challenge always gives rise to opportunity, and opportunistic real estate investors are rising to the challenge.

The new opportunity is known as ‘Bulk REO Investing’ or ‘REO Package Investing’ and it’s a huge opportunity.

The basis of the Bulk REO business is foreclosures, so let’s analyze the foreclosure process now.

To understand investing in Bulk REO, you have to understand the foreclosure process.

Mortgage lenders faced with a non-paying home owner send a large volume of threats, warnings and documentation to the borrower who is late. After a certain period, the lender will then formally begin foreclosure proceedings. The ‘pre-foreclosure’ time starts with filing of foreclosure paperwork and concludes at public auction.

Foreclosure is completed when the defaulted property is auctioned. If the property is not purchased at auction, ownership reverts to the original lender. The designation of ‘REO’ (Real Estate Owned) is then attached to the foreclosed property.

Lenders have no interest in owning property, and thus usually opt to list their REO properties with a local real estate broker in hopes of a retail sale. But more and more, lenders are selling their REO properties for a greatly reduced price. Lenders are willing to do so in exchange for the buyer’s agreement to purchase a ‘package’ of REO’s rather than a single property.

Qualified real estate investors are increasingly finding once-in-a-lifetime opportunities in these REO packages. One of the best ways to take advantage of Bulk REO Investing opportunities is to partner with a well-regarded source of funding. There are many sources of funding for these transasactions including: hard money and commercial financing, as well as non conventional sources such as hedge funds and private investors. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Sal Bushemi of Dandrew Partners, a New-York based hedge fund.

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Nov

26

Real Estate Investing Basics For Today’s Market

Filed in: General by Mike Lautensack on 11-26-09

A number of things likely come to mind when you think of real estate investing. If you are already familiar with real estate investing you may think of short sales, bulk reo investing and virtual real estate investing or you may think of it in terms of real estate portfolios and real estate retirement plans. You may also wonder what type of role these things can play in your life as a real estate investor in different types of economy.

There is a lot to learn about real estate investing. Knowing the basics of real estate investing education is a good way to get the most out of every lesson. Short sales, bulk reo sales, virtual real estate and general real estate investor abilities all are improved by knowing some basics of real estate investing. Here are three main real estate investing concepts that many experts do not even know:

1. You will always end up with a positive yield when you invest in real estate investing education. Every good real estate deal represents thousands of dollars in potential wealth. Getting the wealth is the key to your success. Learning about real estate increases your chances of success when you do a real estate deal. Small investments in education yield big results upon implementation.

2. You have the ability to succeed in real estate investing in any economy. Lots of people believe that real estate success is only possible in a booming economy. Actually a poor economy is not a bad economy for real estate investors. Likely you will be able to find properties at deep discounts. You might also find deals that simply would not exist in a booming economy. Poor economies can have the tide turned based on real estate investing. Short sales, bulk reo sales and virtual real estate all can thrive when the economy is not. You will have the option of saving yourself and possibly others from serious financial difficulties if you know about these types of deals.

3. You do not need lots of your own cash to be a successful real estate investor. You can make a success of real estate investing no matter how much or little money you have. There are lots of types of deals that you can perform with the money of other people. If you are a good investment private lenders may let you use their money. A person who is a solid investment knows as much as possible about real estate investing. This will help you show private lenders that you are a good investment if they do not know about real estate investing themselves.

Real estate investing is a good way to generate a great deal of wealth. You will be able to create an income no matter what the economy. You can create your own success using your knowledge of short sales, real estate investing, bulk reo sales and virtual real estate. Knowing real estate investing basics will help you succeed as a real estate investor.

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Nov

26

How To Stop Foreclosure – 3 Legitimate Solutions

Filed in: General by Mike Lautensack on 11-26-09

A superb resource: Stop Foreclosure Houston

To Stop Foreclosure in nearly any city in the United States of America, there are basically only a few legitimate options. Some of these youll know, and some will be brand new to you.

Here are a few directions you can take:

  • Sell your house prior to the foreclosure auction. The value of this idea will vary heavily depending on the nature and quality of your local real estate market. If you’re in a market that still has very slow resale rates, selling your home could be a challenge. Ask a local real estate agent to determine the average number of days on the market for properties in your area.
  • Initiate a loan modification. A loan modification is a process through which your lender changes the payment terms of your loan to more closely match your ability to pay. While this is not a guarantee, loan modifications have become more popular in the last 12 months.
  • Refinance the property. If you are not yet fully into the foreclosure process but have reason to expect you will fall behind on your payments, it may be wise to try to refinance your mortgage to a lower rate. If your property is worth less than the balance of the mortgage, youll want to inquire regarding a short refinance, which is when a lender forgives a portion of the debt against you in order for you to refinance your property and pay off the remainder of the debt you owe.

When you’re trying to stop a foreclosure, the key is fast action.

Warning: Be very wary of people who aggressively attempt to purchase your home for investment purposes. While there are many legitimate real estate investors, there has been a significant amount of fraud with Stop Foreclosure scams, and it is wise to be very, very careful.

Please remember: The crisis you now face will soon be over. As a foreclosure survivor myself, Id like to encourage you to remain hopeful, and to understand that your future does not equal your past!

Thanks for reading this information about how to stop foreclosure. I hope youve found value here.

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Nov

26

List of Foreclosed Homes Advantage – Using Online Services to Find an Up-to-Date List of Foreclosed homes

Filed in: General by Mike Lautensack on 11-26-09

For a lot of buyers on the market, it’s a very realistic and useful and practical investment to buy foreclosed homes in this environment of skyrocketing default properties. Properties that have been foreclosed can be good for buyers and sellers alike. The sellers get rid of the troubled properties (and recover their money) and the buyers get homes at a tremendous discount prices compared to the prevailing rates of non foreclosure property on the market. For years, real estate investors have taken advantage of bank owned properties. Through the advances in internet services that provide listing for foreclosed properties, it has become increasingly easy for anyone to find the home they want at an affordable price.

List of Foreclosed Homes

If a homeowner isn’t able to pay their monthly bill for their home, the mortgage lender will take back the property, or repossess it. Once the lender has possession of the property, the goal is to recoup their money. Often, the lender isn’t even looking for profit from the home; they just desire to hand the home over to another. Thus, it is possible to purchase a foreclosed home at a huge discount. Bargain shoppers and real estate investors love these situations, as they’re rife with profit potential. A list of foreclosed homes will provide you with information about the properties that are up for sale. You should use lists as a primary resource if you’re interested in purchasing a foreclosed home. There are several types of foreclosure lists. Certain listings are outdated and offer little help. This is particularly true when it comes to lists that are free, because they are available to the public only after investors of real estate and other buyers have looked at them and picked through them.

How to Find an Online List of Foreclosed Homes?

Foreclosed Property Lists Are Available Now – Click Here

You can find online lists of foreclosed homes from varying companies. These lists will do you a lot of good whether you’re an amateur investor or merely interested in buying a home at a good price. You can find houses in the online database that will only cost you ,000. The list will include property description, sale price, agent contact information, etc. Tapping into these online resources will be much better than buying advertisements in print. If subscribing to an online service, you are able to search foreclose properties from across the country. What’s more, you’ll find the most up-to-date listings on homes with online services.

If you type in “foreclosed home” and perform a search on the internet, you will get many pages of these kinds of services. Keep in mind that you may have to pay a small fee for membership before you can access the service. These fees are not outrageous and will be worth it if you find the home of your dreams. You can even evaluate a service by signing up for two week free trials. 14 days is enough time to see if you like the service and if it will likely provide discounted homes in your target areas.

Get Your List of Foreclosed Homes In Your Area Now.

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Nov

25

Real Estate Investing Tip #11

Filed in: 100 Real Estate Investing Tips by Mike Lautensack on 11-25-09

You need to be available for telephone calls, home showings and open houses. Are you prepared to totally change your current lifestyle during the sale period? You will need to cover the phone at all times. You must make yourself available for prospective buyer appointments for one or more viewings for each person who wants one. From one brief telephone call, are you comfortable letting someone, whom you do not know at all, into your home? Are you prepared to dedicate a number of weekend days to open houses (dont forget, you must advertise adequately [more dollars] to make this work at all) with all manner of strangers walking through your home. If the house is an investment property, you have larger problems as you must coordinate showings and open houses with your tenants.

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Nov

25

Real Estate Investing Tip #10

Filed in: 100 Real Estate Investing Tips by Mike Lautensack on 11-25-09

You need to qualify a potential buyer. No owner wants to waste time with possible buyers who cannot buy their property. It happens all too often to owner-sellers. Most sellers do not even know how to qualify a potential buyer, which makes this problem even worse. Thats not all. Lets say you do know how to properly qualify a buyer and have no problem asking a possible buyer about their current financial situation in detail, including their income, expenses, assets, and credit score. Do you really believe a potential buyer will be happy to divulge their complete financial information to a seller? They most certainly will not!

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