Private Lending Secrets

Get my new 85-page eBook titled Private Lending Secrets about how to get private Lenders in connection with buying, selling, and wholesaling real estate properties by Clicking Here.
Free Audio

How To Make 2010 Your Best Year for Real Estate Investing - Learn the 10 Key Success Habits of Millionaire Real Estate Investors Free Audio....
FREE Private Lending eBook

Get instant access to your FREE 21 page eBook on Private Lending Now!

Mar

02

5 Simple Ways to Get Involved in Real Estate Investing

Filed in: Real Estate Investing by Mike Lautensack on 03-02-10

5 Simple Ways to Get Involved in Real Estate Investing

There are many methods for building fortunes in the world today. One of the most accessible even for the normal entrepreneur though is real estate investing. If truth be told, you will find many rags to riches stories are built by investing in the real estate promotion in one form or another if not many methods for investing in this lucrative but risky area.

Real estate is a fantastic strategy for the investor who is willing to commit the time to learn about the alternatives, risks, and potential rewards for this form of investment process.

A few of the more popular real estate investments are the next:

1) Rental property: Property ordinarily gains value through time unlike many other investments that may rise and fall rapidly and without alert. The trouble is that far too few people can actually afford to hold and maintain several properties through a generalized and indefinite period of time while awaiting the value to rise. Many property investors deal with to overcome this by renting the properties to tenants all through the time when the property values are rising. This permits the tenants to basically cover the note on the property and makes the venture a little less risky although there are risks involucred when getting involved with tenants (such as property damage, failure to pay the rent, and possible legal woes-the good tenants more often than not outweigh the bad).

2) Pre-construction investment: This is a notably speculative and notably risky type of property investment that has booms and busts. Countless investors lately discovered exactly how risky this endeavor actually is when the property bubble went bust so to speak. The risks involed in this form of investment shouldnt cover up the fact that many millionaires have been created by means of pre-construction investing and many more will be created one day. Pre-construction investing, just as its name implies is a form of investment in which investors pay for options on the property before ground is broken. This is very extended in high demand areas that are known to experience housing shortages as prices often rise rapidly and the units are often sold before they are completed and any real cash exchanges hands.

3) Flipping houses: This is a form of property investment that has produced leaps and bounds in the recent years thanks to the popularity of many popular home improvement and house flipping shows on cable networks in the recent years. A growing number of people have decided to act on this type of investment in hopes of creating enormous profits in a short amount of time and with minimal investment. The trouble, obviously, is that it continually looks much easier on television than it is in person. Couple this with the fact that many people have unrealistic expectations when it comes to bills and capability and there are lots of risks involucred with this form of investment in addition. For those who are successful though, there is the potential for superb profit in a relatively short amount of time as these televisions shows indicate.

4) Buy and Hold: As told above, real estate tends to gain value through time. Even though the buildings are in desperate desire of TLC and fix the land they are standing on is more often than not earning value as the years pass by. buying large plenty of land or even many houses and holding on to them for as long as possible before offering can often fund college educations for children, purchase weddings, or immensely supplement retirement funds. The longer these properties are held the better on many cases as this provides the greatest possibility for the value of the property to increase.

5) Lease alternatives:
There are few people in this world who never experience rough spots financially. Many of these people are denied traditional home loans as a result of their inability to cover debts the right way in the past. For this circumstance they are often willing to purchase the privilege of rebuilding their credit while working towards a path of home ownership. For these people, a lease alternative presents a workable and often valued solution. Those investors who are willing to take the risks often find the rewards are well worth those risks.

These are only a few of the investment opportunities that exist for those who are interested in real estate for an investment avenue. There are commercial real estate endeavors that have the potential to bring in tremendous profits and also the development and preparing of housing communities in addition. Obviously real estate investing offers many opportunities to the savvy investor.

Popularity: 29% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

17

The Magic of Bandit Signs and How to Get Them Out

Filed in: Real Estate Investing by Mike Lautensack on 02-17-10

The Magic of Bandit Signs and How to Get Them Out

I get tenants of mine that for a few extra bucks will go out and put 50 signs up for me on a Friday afternoon and pull them up on Sunday. Sometimes they’ll put up 50 and pull in 30. They leave a few around. Depending on the people that put the signs out for you, you need to be able to trust them.

The other way we deal with people is I give them a very precise route. We have a mapped out route. They’re to put out signs at various places. The first couple of times I go with them, put two signs here, the next spot put three signs here. We go to the next stop and put four here. We go through the whole process, and then on Sunday they go back and reverse the process.

That’s worked somewhat well, but what I’ve found over the years is you’ve got to train people. If you hand them a map and what not, they’re probably not going to do it. You probably need to go with them the first few times to make sure they get the route down fairly well.

That’s how you work with local townships in terms of trying to stay out of trouble. I really do recommend you try to stay out of trouble as much as possible. If you’re investing in a particular town and you get a reputation for being one that puts out signs, and the local township people get to know who you are – if you do a lot of investing, they will – it creates bad blood.

I know in my township they were getting upset with me, so I learned very quickly to go in and pay the permit fees and make sure I was in compliance. Think about that, because you don’t want to create a bad situation between you and the township that you’re investing in.

Bandit Sign Messages

I know we talked about the messages. We already mentioned those.

* We buy houses.

* Sell your house fast.

* I buy houses cash.

* Avoid foreclosure.

* Sell your house in as little as 48 hours.

These are all effective. Whatever you like and whatever you’re trying to stress in your business, try to boil down to a fairly succinct three or four word message. It could be “I’ll do a short sale” and things like that. All of these can be very effective, but you don’t have a lot of space so you have to be quick and precise.

I think that’s it. Bandit signs do work very effectively. You will get a fair number of calls and they will be for the most part fairly targeted and fairly good calls.

These are people that are going to be motivated and obviously have taken the time to write your number down. They’re going to be fairly good leads. These are leads you are definitely going to want to follow up on. Potentially there is going to be a quick deal there. If not, you’re going to want to put them into your database and work those people over time.

If you put out 50 signs on a Friday afternoon, I would think you’ll get five, 10 maybe 15 calls on a weekend if you’re putting them out at the appropriate places. They definitely work and are definitely effective.

I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog.

Popularity: 37% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

16

Real Estate Newbies – A Simple Way to Start Real Estate Investing Without Money Down

Filed in: Real Estate Investing by Mike Lautensack on 02-16-10

Real Estate Newbies – A Simple Way to Start Real Estate Investing Without Money Down

The popular notion that it is imperative to invest a great deal of money in order to make profits in real estate business is simply not true. The same goes for a credit or financing facility. There are many ways which can be applied for making real money in real estate business without investing your own money. The idea that I am going to put into words below is not an on-time quick-rich formula. It’s a genuine real estate activity. One, which can be adapted as a career. The idea is called bird-dogging.

Bird-Dogging defined

Bird-dogging simply means locating and selling a property to a potential customer. The bird-dog finds a suitable property, locates its owner and convinces him to sell. If the owner agrees to sell, the bird-dog finds an investor who is ready to buy that particular property. The investor buys the property and pays a certain amount to the bird-dog for the services rendered by him. The bird-dog does not need to invest a single penny of his own in the whole transaction. Yet he gets away with a hefty sum.

How to become a bird-dog

The first step in this regard is to find an investor who enjoys good reputation and with whom you will feel comfortable. You can also seek a company that specializes in buying and selling properties.

Ask the investor or the company to register you with them. They will usually assign you a certain area to work in. It is your job to look out for suitable properties in that area and make contact with the owner, and then inform the company or the investor about that property.

What do you need to become a successful bird dog?

There are many attributes that are necessary for you to become a successful bird-dog. Fortunately, you don’t have to be born with them. A little time and effort is needed to cultivate such properties. Some of them are noted below.

A knack for properties

You must train yourself to be on the constant look-out for available properties. You must keep your eyes open all the time even when you are driving in the neighborhood or going to the gym.

Moving in the right circle

If you want to be a bird-dog, you must move in the right circle. Your acquaintances must belong to the real estate community so that whenever a particular piece of property or an opportunity arrives; you are first one to hear about it.

Impeccable interpersonal skills

This is the key to success. The bird-dog is like a double agent. He has to convince the owner that the deal he is offering is good enough for him. At the same time he must convince his investor or principal that the deal is good for them too. The activity needs a cutting edge sharpness of mind and impeccable negotiating skills. Fortunately, this is something that you can achieve after spending some time in the field.

I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog

Popularity: 30% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

14

Take Advantage of Home Equity Loans

Filed in: Real Estate Investing by Mike Lautensack on 02-14-10

Take Advantage of Home Equity Loans

With a Home Equity Loan you can borrow money and use your home as equity for borrowing money. When you minus the mortgage value on your home from its actual cost, what you have left is your equity. Instead of applying for student education loans, a Home Equity Loan would be right for you at any point that you are interested in raising some money for serious expenses like school fees. This loan is particular about the use of home equity as security for borrowed funds.

Home Equity Loans can be carried out in two ways:

One is the open-end and the other is the closed-end Home Equity Loan. The first type, the closed end Home Equity Loan resembles any normal loan. This practice is similar to a ’second mortgage’. At the time the loan closes, the borrower gets the full loan amount. A specific amount is then paid back each month by the borrower. Complete repayment has to be done within a precise time frame, usually between 10 and 15 years.

The terms of pay back in the open end home equity loan are a lot more flexible than in the case of the closed end scheme. The entire sum of the loan is not given the borrower at once in the open end scheme, merely a line of credit from which he can draw at will. Against the equity of his home, the borrower can decide how much he wants to borrower.

It’s only wise to do sufficient research on types and options of Home Equity Loans as you consider your choice. Ensure that no lender fools you into taking a loan that is impossible to reimburse and you might need aid to get out of debt, so be on the look out for such. You might as well consult a well-informed person to know the lender to do business with.

Popularity: 11% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

10

4 Ingenious Real Estate Investing Methods

Filed in: Real Estate Investing by Mike Lautensack on 02-10-10

4 Ingenious Real Estate Investing Methods

The recession might have decrease the rate of investments in real estate business but it has not been able to stop investments completely. Though with less capital in their accounts, the real estate investors are still looking to invest with the limited amount they have but with new creative methods. Listed down are some of the creative methods used in the real estate market.

Options

So you are a real estate investor who is short of cash in hand, this “Option” is definitely a useful choice for you. In this agreement, the buyer and seller comes to term and set a price for the land, which the investor will buy in future. The seller will receive a premium as he is offering the land on easy terms, with dates set for future. This premium will be given till the time Option is valid. The investor has the choice to buy that piece of land or to sell Option to some one who is willing to buy the Option from him. The most important aspect of the Option is the time period, for which the Option remains valid; this time is to be decided mutually.

Seller Financing

This tool is probably the most frequently used by real estate investors. In seller financing, the seller also becomes a lender. The seller and buyer sit down on the table to decide the terms and conditions, which include the sum of the payments of installments and its repayment schedule.

Buying in Bulk

If you are a real estate investor with a bag full of cash, then you might look in to buying the land in bulk. Buy a large piece of land, it is same as going to the mall on Sundays and buy the items in bulk. What buying in bulk does for an investor is that he gets the land for reasonable prices, and gets the land at cheaper price than he might have, when buying the land individually. Now to sell the property he has an option;

1. To sell the large piece of land to a single owner with a small markup profit.

2. To sell the land in small sizes to different owners, this option is more profitable compared to the previous option.

Leasing

In leasing the buyer and seller sit down to decide the amount of payment, but the different leasing option is, that the buyer is allowed to stay at the home, when the deal starts and then owns the place when he has returned the payment. This option has 2 benefits for the investor, looking to buy a home.

1. Payment is to be made on installments

2. The buyer is allowed to stay in the house

One drawback is though that the investor will pay a higher amount than actual selling price of house, and that is due to the fact that the buyer is reaping benefits of staying in a house.

I invite you to learn more about Real Estate Investing and become a member of our FREE weekly tele-seminar class where we teach tips and strategy on how to grow your real estate investing business and how to raise Private Money by going to http://www.realestatewealthtoday.com/TuesdayTipsSignUp.html.

Mike Lautensack is a full-time real estate entrepreneur, coach and mentor in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE eBook go to Real Estate Investing Blog.

Popularity: 2% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

09

Find out the way to Invest

Filed in: Real Estate Investing by Mike Lautensack on 02-09-10

Find out the way to Invest

While the recession might or may not be more than, most financial experts agree that this is the best time to invest. Yes, the industry could still decline, and there’s no indication that the the worst days are over, however in common, this might be the best time to make investments – if you know how to invest, that may be.

Understanding the way to make investments can be not some secret formula. In fact, if someone does claim to have a secret how to invest and get rich quick formula, you should probably run the other way, don’t walk. Investment will usually carry with it some chance. It is possible to get rich overnight, but incredibly unlikely.

Once you approach the question of the way to invest, you should be considering, first, foremost, and only, the long-term. Hot commodity tips are helpful regarding experienced traders, but those are also the people you see bankrupt within the Wall Street Journal several some time later. Make no mistake about it; the commodity exchange is gambling; unless you give in to the inherent nature of it.

Understanding the way to invest means believing in compound interest and long-term growth. Understand that you are looking for profits 15 or 20 years from now; that is how money is made within the investment market regarding you and I.

Here can be the way I know how to invest; follow along should you think it will be useful. The very first thing I do Before I invest might be to save. Whatever percentage of my monthly earnings I devote to investments, I put half inside a CD, or other longterm, locked-in, savings account; whatever yields “high” insurance. FDIC protects this up to two hundred and fifty thousand dollars, so there is certainly no plausible way you could lose this money. After this, I tend to look only for indexes. Indexes minimize short term risk and reward in favor of growth more than a 15 or 20 year period.

You’ll find many ways how to invest , and no subject who you listen to, including me, think about what you want when you make investments. It’s too simple to say, “I prefer to make money and be rich”. What, exactly do you want to do with the money? Buy a house? Retire? Send a kid to college? Set realistic objectives, and it’s surprising how investments with realistic objectives and risk-assessing will help you reach the life you want.

Popularity: 4% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

09

Learn Where to Invest Money Nowadays

Filed in: Real Estate Investing by Mike Lautensack on 02-09-10

Learn Where to Invest Money Nowadays

Everyone might be always worried concerning the future! While they may not be concerned about aliens taking over or the sun exploding, they are commonly worried about finances. You must keep in mind that you will not likely be employed forever. At some point or yet another, you will want to retire from your job and move on with enjoying life in your golden decades. This can be called retirement and it should not involve a 9-5 job! As a result you must have got money put aside for this chapter in your life. That might be precisely why most individuals wish to know where to invest my money whenever they are younger. If you make the right investments (like a stock or Foreign exchange Investment) as well as plans regarding the future, then you won’t have much difficulty living off of your savings/investments down the road.Consider a 401K! For anyone who is employed with a great organization that offers a 401K, then take full advantage of this. It is a wonderful way to invest regarding the future. Many companies match what you put in to some degree. This might be excellent regarding you as an employee, simply because it may really help you save regarding the future. So if you need not already, look into the 401K your organization offers. Go ahead and put some income aside each paycheck. This will really add up over the next 20 or 30 a long time. It is foolish to simply spend all of the money you make as you earn it. Regardless of what kind of work you do, you need to be thinking about investing for the future. This is prudent in many ways as well as you will be glad you did so.

One way many consumers invest is through commodity as well as Stock investment markets…. and FYI, Foreign exchange Investments aren’t normally a part of a 401K. However, with due diligence, you could find out a lot about Stock investment by doing a little bit of investigating. So for anybody who is where to invest my money for your retirement, consider the stocks as well as FX currency industry. You do not have to put all of your eggs in one basket, however these are a wonderful ways to get started with investing. Maybe you need $2000 set aside that you wish to invest. That is wonderful! Find out which stocks and currencies are doing well by investigating a little, as well as then proceed to buy some shares or currencies of your own. For anyone who is considering Stock investment, it’s firmly advised to look into a solid Currency trading software robot that’s been proven to work over time. Afterwards, you simply sit back and wait.They even make stock market courses these days. In addition to looking into that, you’ll learn that as the corporation grows, the value of your stocks will grow as well. So if you purchased 30 shares at $25 dollars each. In five some time if they are each worth $50, that was a good investment. You have now doubled what you put in.

A Roth IRA can be another place to invest money. It is truly the second best thing to a 401K. Really some individuals will argue that it is better. Imagine investing $500, and then watching it turn into one million after 50 a long time. Now that may be ideal! These places are where to invest my money if you have it, simply because they are more beneficial as compared to a traditional IRA, or just a 401K alone. You don’t lose all that money to interest along the way. Instead, you simply pay out the money on the interest up front. While this may not sound that great, you will see how beneficial it could be as the money in your Roth IRA grows.

Popularity: 3% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

Feb

09

Discover Ways To Get Your Credit Reports Remedied

Filed in: Real Estate Investing by Mike Lautensack on 02-09-10

Discover Ways To Get Your Credit Reports Remedied

Everyone is allowed to view a duplicate of his or her credit profile through each one of the 3 credit history reporting agencies one time a year at zero cost. What goes on once you take a look at the particular record and there’s wrong specifics upon that report? There are actually several things that you can do. Private information within the record should be looked at for accuracy and if it is determined to be faulty the item next has to be remedied.

Any and all of the names stated ought to be your own. Make Sure of it. When taking a look at the actual report ensure that you verify that the Ss # on the reports is correct and that your birth date facts is exact also. If there are items that are not exact with these observations, then there exists the possibility that you may be the victim of fraud and that someone is charging things with your name and thus ruining your credit standing.

If you find that the information about your person is not correct in the report then you can correct this by either sending them a current utility bill with your name and address on it or a copy of your drivers license. Your SSN is the only thing that cannot be straightened out with the information that can be found on those two items. When you mail this information in be sure to mail it certified mail. This way you will have verification not only that it was mailed, but also that it was received.

Make sure to just deliver copies not any originals. The first place that you want to send these documents to is the place where you received your report from. If the credit bureau tells you that the information that they have came from a specific creditor, you then need to write a letter of dispute to that creditor along with copies of the information that you sent to the credit agency.

The process for dealing with faulty information that is in your credit history then the dispute need to be taken up with the creditor and then with the agency. You will want to include any information that proves your case or why it should be removed. If you are in the habit of filing away all of your receipts and bill information for a period of several years, at this point you will reap the benefits. If there is some creditor that is making a claim that you owe them when you know that you paid them, you need to send them in the information proving your point with all of the related canceled checks and bank statements showing that you did actually pay.

Sometimes if you send them a copy of the error on the credit report it helps. Be sure that you tell the creditor that you want the inaccurate information removed from not only the report where you found it, but also from every other place they reported it to. Be sure that you send this letter certified as you did with the others.

Many of the credit bureaus also allow you to do these same disputes online. A big drawback of doing it online though is that the space for writing your dispute is limited and you cannot supply the proof that you can when you send a certified letter. While sending in the information through the mail is not a easy and convenient, you will probably be better off doing it this way as it will most likely get you the results you desire much quicker. You will also have proof they received it and proof you sent it. When they have the documents proving your stance in their hand and you have the proof that they have the information, they have little recourse but to concede to you if you are honest in your dispute.

Being confident that that the material that is in your credit profile is critical for your monetary standing and in case you have not looked at your report lately it’s perhaps a good time to do it. If you want more info . on the best way to get a credit history you’ll be able to receive that info free of charge by going to http://creditfixrepairreport.com.

Popularity: 3% [?]

Please share with your friends...
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • Faves
  • Identi.ca
  • Ping.fm
  • Propeller
  • RSS
  • Yahoo! Bookmarks
Digg it       Save to Del.icio.us       Subscribe to My RSS feed      
Add this to:

 Powered by Max Banner Ads 


Categories: