Foreclosing On Investment Property – Where to find Funding for your Investment Property No Due Diligence

25 October, 2011

Where to find Funding for your Investment Property No Due Dilligence

So you have just located the perfect investment property in your area, and to sweeten the deal it just happens to be a foreclosed property. The property needs very little renovations, and is located in a neighborhood that would make for a quick sell. There is only one problem, your bank refuse to lend money for investment properties. 

This is a common problem many would be investors face as they try to seize their portion of the real estate boom. I refer to this period in it as a real estate boom, and I make no corrections in saying so. This particular time in history will go down as a boom for investors who are able to buy as many foreclosed properties as possible. 

]]>

A very wealthy real estate investor once told me that the opportunity of a life time has to be seized during the lifetime of that opportunity. As you read this article you are reading it during the lifetime of this opportunity in real estate investing. But not for everyone, many would be investor will find it very difficult to acquire foreclosed properties no matter how sweet the deal appears to be. 

The Alternative Funding Group says many people that contact him never heard of Private Funding for real estate investing. So when I introduce them to the ideal that I can buy properties without begging a bank, or without using a dime of their savings many seem to laugh at the ideal. 

There is an old word of wisdom in the business community that says “it’s not what you know but who you know that matters.” This is the first rule of real estate investing; it’s who you know that matters. Knowing the right person to call when you find the perfect deal and then having that person wire the money plus closing cost is simply priceless.

 

Please allow me to introduce you to The Alternative Funding Group.

 

The Alternative Funding Group http://www.fundingyourrehab.com Get a list of the 100 Hard Money Lenders for only .95

 

 

The Alternative Funding Group http://www.fundingyourrehab.com Get a list of the 100 Hard Money Lenders for only .95

 

Related Foreclosing On Investment Property Articles

Foreclosing On Investment Property – The Best Investment Property: Foreclosure

27 September, 2011

If you are considering buying an , a is something that you should look into. Foreclosures are generally sold at bargain prices because of certain problems that are attached to these properties. But for those who know how to look past these certain complications, investing in foreclosures can yield high investment returns.

Basically, foreclosures are properties that have been repossessed by banks and lenders after the mortgagee failed to settle his or her payments. They are usually sold at foreclosure auctions, wherein buyers attempt to outsmart each other to get the house that they want. But if these properties didn’t receive bids at the auction, the lenders will have no choice but to take them back and sell them as real estate owned homes or REOs.

Many real estate investors consider foreclosed homes as some of the best investment properties. For starters, they can be obtained at very low prices. And most of all, a real estate entrepreneur can make tons of money on foreclosures using the following real estate investing methods:

Rehabbing – after a rehabber buy this particular , a is expected to undergo structural repairs and renovations to make it more appealing to retail or conventional homebuyers. Because a foreclosed property is being sold at a bargain price, a real estate investor doesn’t have to allocate more funds for the purchase of the property and instead, use the money to beef up the renovations on the rehab project.
Flipping – repossessed homes are ideal for those who buy and sell real estate for profit. With the recent housing bubble and mortgage crisis, there has been an increase in the number of foreclosures. This made it easier for real estate investors to find properties that they can flip.
Landlording – instead of flipping a foreclosed home after it has been rehabbed, a good way to generate income from such an investment property is to find tenants for it. By being a landlord, an investor can get access to a continuous source of funds without having the need to do more legwork.

Before you consider investing in foreclosures, however, see to it that you have done your homework properly. Always observe due diligence and don’t buy a repossessed property without conducting some research on it. In doing so, you can avoid making huge mistakes that can badly affect your real estate investing business.

If you want to learn more about the process of buying , or investing in real estate in general, just log on to www.REIWired.com.

REI Wired is the ultimate real estate investor network on the planet. The sole purpose of this site is to arm you with the cutting-edge real estate investing tactics being used by the hottest investors in the industry…so you can dominate your competition and close more deals… FAST.

Foreclosing Houses – The Basics of Buying Foreclosed Houses

16 September, 2011

There is no question that foreclosures are cheap, if not the cheapest, in the real estate market. You can surely find one within your range of budget. However, buying foreclosed houses have its own disadvantages that can be avoided if you take time to study the real estate foreclosure investing market.

One of the most important things to consider when planning to venture into the real estate foreclosure investing market is where to find the right foreclosure properties to buy. Here is an overview of where and how to find cheap foreclosure properties.

Buying Foreclosed Houses During Pre-foreclosures:

Pre-foreclosure is the stage in which the homeowners have defaulted on their mortgage loans and are on the brink of losing their properties to foreclosures. Troubled homeowners choose to sell their properties rather than go through the stressful foreclosure procedure. If you are planning to buy a pre-foreclosure house you have the advantage of dealing directly with the homeowner and negotiating for a lower price. However, you must do some research on the property especially its financial history to make sure that there are no other debts attached on the property.

]]>

Also, take time to check the structural condition of the house. It would be smart if you hire a professional home inspector to give you an expert opinion on the real condition of the house. This would entail you to spend additional money but the spending is worth making if it means having a peace of mind that you have made the right investment.

Buying Foreclosed Houses At Auctions:

Another way to find and buy cheap houses is at auctions. You can find all kinds of foreclosures at these auctions, from bank foreclosures to government foreclosures to tax lien foreclosures. You get to have the property that you want by bidding on it. If you gave the highest bid, you get to own the house. However, you must remember that foreclosure auction laws vary by states so it is imperative that you know the rules that cover foreclosure auctions in the state where you plan on buying foreclosed houses.

Joseph B. Smith has been educating buyers on the finer points of Buying Foreclosed Houses at Foreclosure-Support.com for over five years. Contact Joseph B. Smith through Foreclosure-Support.com if you need help finding information about Buying Foreclosed Houses.

Foreclosing On Your Home – How to Prevent Your Lender From Foreclosing on Your Home

28 November, 2010

Keeping your lender from foreclosing on your home can ofttimes feel like an uphill fight. Meeting the qualifications for one of their workout agreements can seem difficult to undoable. And getting anyone to actually speak to you at your lender can also be almost undoable. So what is the trick? How do you have them to work with you?

Recollect that saying “you can catch more flies with honey than with vinegar.” Well, you can work with your lender easier if you are pleasant to the people that you talk to at your mortgage company. They are critical individuals in your foreclosure and can make things simple or tough for you. They can resolve to take your calls or not. Notwithstanding the many initiatives and programs in place and being produced by the administration, at the stop of the day, you still must handle with another person on the other end of the phone. And individuals respond in the main at an emotional plane. If you get them to like you, they will handle you in a different way than if they take a dislike to you. That will impact the level of assistance that you receive.

You also will need to call them and then call them once more and then yet once more. I lost track of the amount of times I had to contact my mortgage company. If you are going to halt the mortgage company from foreclosing on your home, you will probably lose track too. You will talk to them numerous times and you will leave a lot of voice mails.

Get matters in writing. Ask for it via email or fax. This was one affair that I did not invariably do with my mortgage companies when they were foreclosing on my house and it came back to bite me. One of my lenders told me that if I produced them a particular part of documentation, they would be able to extend me a workout arrangement. I produced the document they wanted and then they altered their story. Now they wanted something else. If I could have gotten them to set it in writing, I could have been able to make additional progression with them or at the very least established that they said they would work with me if I produced them this particular paper.

When you are in danger of your mortgage company foreclosing on your home, you must act speedily to terminate it. Being polite to the people at the mortgage company, contacting them repeatedly and getting affairs in writing will each help. Experience more assistance at http://www.Stopping-Home-Foreclosure.com

Article from articlesbase.com

Find More Foreclosing On Your Home Articles