Can you invest in real estate with no money? The answer is No. Contrary to what you may have heard, when investing in real estate you have to have money or at least access to money. There is no such thing as buying real estate with no money. The good news is it doesn’t have to be your own money and this is why real estate is such an attractive business and investment. So as an investor, you need to make sure you have access to good sources of capital […]
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Yes you can sell your deals, even in this Market
March 14, 2008 in RESIDENTIAL R.E., Step 11: Sell It Quick
A major concern investors have in this market is “Will I be able to sell this property after I rehab itâ€?? It is hard to miss all the news reports detailing how the real estate market has slowed and how there are so many properties sitting on the market for sale with no buyers, etc, etc, etc. That may all very well be true, however homes are still selling. I will repeat that, homes are still selling. According to the National Association of Realtors, annualized sales of total existing homes […]
Buy Low and Ride the Market Back Up
March 13, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning, Step 05: Analyze Opportunities
I was recently talking with a lady that is focusing on doing rehab flips in California. The real estate market where she lives is very slow, there are an unusually high number of properties sitting on the market for sale and prices have come down dramatically. She is confident she can buy properties at a good price but is not so confident she will be able to sell them in the current market. Renting properties historically hasn’t been an option in her area because rents have not kept up with […]
Opportunities with Bank Owned Foreclosures
March 11, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning, Step 04: Find Potential Deals
Bank owned properties can be great investment opportunities for investors. Banks and lenders don’t want these properties and they are getting more and more of them as the foreclosure numbers continue to sky-rocket. The question then is, are there good deals or can these properties be purchased at a discount? Banks and Lenders are not always willing to discount their properties, but oftentimes they are willing to take discounts. Banks take into consideration many factors when selling their properties. Here are some statistics that show banks’ willingness to sell properties […]