I frequently talk with investors about a strategy called buying property Sub2. This is short for buying property “subject to the existing financingâ€?. This simply means that you get title to the property deeded to you and take over the payments on the existing loan. So you legally own the property but you don’t have to get your own loan. You just start making payments on the seller’s existing loan. At some point in my discussions about this strategy I hear the comment or question “No one would just give […]

Here is quote that I sincerely believe will come true. I’ve blogged about this in the past about now being a great time to buy real estate. Those that do buy now will look back and be very pleased with their investments. Florida home builder Arthur Rutenberg, 80, says you can take it to the bank: The home-building bust is at or near bottom. “Anyone who buys a home right now will say in five years, ‘I’m glad we bought when we did,’ ” Rutenberg says. Posted by Carter Brown

Here is an interesting short Q&A session with the CEO of Bank of America. He makes some interesting comments on some relevant topics being discussed in real estate circles. Bank CEO Sees End to Housing Woes Bank of America’s CEO Ken Lewis recently spoke with the South Florida Sun-Sentinel about the housing market. Here are some of his comments: Q: When do you expect the nation’s housing market to improve? A: At best, it’s a guess, but my anticipation is that by the end of the year, we’ll begin to […]

Hopefully all of us as investors have an aggressive strategy for finding potential deals. I have people asking me all the time if they should be looking here or there for properties. My answer is almost always yes. I tell people to look anywhere they possibly can for potential deals with the understanding that they should always be looking for motivated sellers. Banks are typically motivated sellers and, in my opinion, are increasingly becoming more motivated because of the sheer numbers of properties going into foreclosure. Typically banks hire real […]