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. 

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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

 

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Foreclosure Property Auction – Foreclosure properties: Good investment For Buyers

17 October, 2011

A property comes under foreclosure proceedings when the home owner fails to repay his dues towards the mortgage loan due to monetary problem. The property is put up for sale under foreclosure proceedings when all the other option to repay the mortgage loan by the home owner fails. Foreclosure can also take place when the home owner fails to pay the property taxes or home owner’s association assessments or any other debts.

Foreclosure properties offer good bargain as the price of the homes is less than the market value. Buyers always look forward to such properties. A buyer can know about the sale of these properties from the newspaper, online websites of the lender and also from the county deed record office. The credit lenders or the bank sell off foreclosure properties at the earliest to bear minimum loss as they do want to bear the expenses towards the security, maintenance and upkeep of the property along with the loan amount.

It is more beneficial if you purchase a foreclosure property from the bank. The reason is the bank will already pay most of the dues like the property tax, HOA operating prior to sale. They will also clear the property title and vacate the premises before sale. Also the property is appraised to attract more buyers. Hence the property it is ready to move in.

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Definitely with all these expenses done the bank will also negotiate on the down payment, interest rate and selling price of the house. Therefore as a buyer you should be ready to afford the negotiation also if you want to purchase foreclosure property from bank.

Buying from the house owner before a foreclosure proceedings is also another option for a buyer. In this case all the three that is the mortgage lender, the home owner and the buyer can get the advantage. But as a buyer you should also be ready to put up with all the other dues on the property. Also due to financial problem there are chances that the house will not be well maintained and you should check the property for the existing repairs and faults and work out these expenses also. In this case you can always negotiate with the home owner about the entire deal based on all the expenses that you have to bear on the property. Once the agreement is done it is always better to get a local real estate legal professional for documenting it so that you do not have any legal trouble in the future.

Purchasing house from a foreclosure property auction is always considered very risky property investment. You will not get the chance to inspect the house and know about other dues the house holds. Moreover you do not know if it is ready to move in or not. The problem with a foreclosure house is they are usually “as in”. So you have to pay for the necessary repairs apart from other debts. Adding to it you also have to pay the total amount of the deal in cash in a short time. Therefore it is advisable that you check all the angles of the expense before taking the decision.

Hilton Head Mls – Top 3 Beaufort, SC Real Estate Investment Areas

04 October, 2011

In the town of Beaufort South Carolina, three areas immediately come to mind as the areas best investment opportunities. Because Beaufort is perhaps the last remaining South Carolina coastal town in which development has not completely taken hold. If history is a window to the future, the unprecedented development of Myrtle Beach, Mt. Pleasant, Charleston, Bluffton, and Hilton Head hints that it is only a matter of time until an influx of people, businesses, and homes hits this sleepy town.

It’s believed that the start of prosperity had already begun until the country’s economic slowdown. While at a snails pace now, the economy will rebound as it always has before. With the future of large scale growth very probable, investors will start to narrow down area with the greatest potential for profit. As individuals and companies alike focus in on Beaufort SC, they will likely become trained on three areas: the downtown Beaufort Historic District, commercial property on the Robert Smalls Parkway corridor, and acreage/waterfront property on St. Helena Island top the list of best investment real estate in the Beaufort South Carolina area.

Historic Downtown Beaufort SC is home to a unique area which lends itself to be a top investment area in the near future. The preservation of so many historic dwellings in downtown Beaufort makes the housing market extremely diverse to the buyer. Homes include large stately homes from the 1800’s, carriage houses turned into single family residences, townhomes from the 1700’s and homes built in the early 1900’s. Homes and neighborhoods are charming, with wrought iron gates, courtyard gardens and live-oak lined streets. Culture which includes horse drawn carriages that clippity-clop past grand homes, offices, shops, and upscale restaurants makes this market very desirable.

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What makes the future investment in downtown so great are so great are the underway improvements to an area with so many already in-place advantages. Current project underway include the Bladen St. revitalization project and the Boundary St. Municipal project. Bladen St. has now been upgrades with new street lamps, freshly paved asphalt, and beautiful new sidewalks. The new Municipal buildings on Boundary Street are in the various construction phases to be completed by the end of 2009. The ascetic improvements are already evident. These improvements will propel home renovations, nicer homes to be built, and an overall rise in property value. Improvements like the one on Bladen Street are planned for the remainder of downtown, which will greatly improve the already desirable area. Since similar improvements in Charleston SC were completed in the 1990s, home vales have more than doubled. Expectation for downtown Beaufort SC are high, and rightfully so.

The next Beaufort SC real estate area which could see large property value increases in coming years is the commercial corridor of Robert Smalls Parkway. Anchored by the Cross Creek Shopping Center featuring a Super Center Wal-Mart, this commercial district is on the verge of exploding. In just the past 12 months Bojangles, Arby’s, Sake House, International House of Pancakes, Jersey Mikes, and other national retailers have opened their doors. Citing the Beaufort County Association of Realtors Multiple Listing Service, several hundred undeveloped acres are currently for sale along the parkway. While no area is a sure thing, commercial real estate in this area is one of Beaufort’s best investment areas.

The final area for great investment potential in Beaufort is waterfront property on St. Helena Island. Rural and for the most part undeveloped, St. Helena Island has oceanfront, riverfront, and tidal creek lots. With a buyer able to purchase an acre on deep water in the 0,000 range, property here is a great deal. Waterfront lots on St. Helena are often less than half the price as comparable lots in Charleston, Hilton Head, Bluffton or Mt. Pleasant. Is development coming to the St. Helena Island? You bet. Located directly between the oceanfront resorts of Fripp and Harbor Islands and Lady’s Island, the centralized location leaves no doubt. The biggest question is how long an investor will have to wait to turn a profit here. The answer depends on your age. An educated estimate would say five years. For investors who are at or nearing retirement age, this might not be your cup of tea. For everyone else, St. Helena waterfront lots are a sure bet for substantial growth in value.

Regardless if Downtown Beaufort, the Robert Smalls commercial corridor, or waterfront land on St. Helena Island, these investment areas are an investors best bet when it comes to investing in the Beaufort SC area.

Todd Covington is a broker and Realtor that is proud to assist home buyers and home sellers with the world of Beaufort SC Real Estate. Todd is a top producer and an expert on the Greater Beaufort. For more information on real estate in Beaufort SC visit his site at www.lowcountryproperties.com

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.

Cheap Land For Sale – Cheap land for sale – is it a good investment?

13 September, 2011

Cheap Land for Sale! You see this phrase or ad often times when searching for real estate to buy.  Heck we even offer lots for sale and that’s one of our ad slogans!  But is cheap land a good investment choice?  The only correct answer is:  maybe?!

Inexpensive real estate, just like inexpensive used cars, can sometimes fall under the mantra of “you get what you pay for”.  But like a used car, if you do your due diligence, you can vary likely find an incredible investment.

There are a few things you should do before investing in any real estate, cheap land, acreage, property etc. in the United States.  The first thing is to make sure you’re getting title via a General Warranty Deed.  This is the highest and best form of title transfer!  If you purchase property whereby you only receive a Special Warranty Deed, well you’re most certainly “getting what you paid for”……which isn’t much.  Take a look at our Types of Deeds common to Arkansas guide.  This gives you a brief description of the various deeds and various ways to take title.

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The second thing you should always do is get title insurance.  Wikipedia defines title insurance in the USA as an “indemnity  insurance  against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. Title insurance is principally a product developed and sold in the United States as a result of the comparative deficiency of the US land records laws. It is meant to protect an owner’s or a lender’s financial interest in real property against loss due to title defects, liens  or other matters. It will defend against a lawsuit attacking the title as it is insured, or reimburse the insured for the actual monetary loss incurred, up to the dollar amount of insurance provided by the policy.”  That’s pretty well stated, but simply, it’s just piece of mind knowing that someone else will help you fight for, and also pay for, protecting your property title should a problem ever arise.

Then you should simply check out the area.  Contact local real estate companies and ask them what other similar properties are worth in their opinion.  Or check out their listings to give you an idea what they believe they’re worth.  I would caution you against telling them the exact property or location you’re talking about though!  There are real estate agents out there that will take that knowledge and either buy it out from under you or go directly to the seller and get them to sign a listing agreement, so the agent can make a commission of the sale.

Often times cheap land for sale is really a good investment, especially if title is transferred through a General Warranty Deed and Title Insurance is available.  You’ll see this a lot in foreclosed properties, for example.  And one thing that always makes real estate investors sleep easier at night, versus stock owners, is that they know when they wake up in the morning, some bad news about XYZ company didn’t just cause the collapse of their investment:  you can insert BP, Worldcom, Lehman Brothers etc. for XYZ company

Just remember, do your own “checking it out”, or due diligence.  If everything is on the up & up, go ahead and buy that cheap land.  Remember, they’re not making any more of it.

For more information about this private resort-style community please contact <a target=”_new” rel=”nofollow” onclick=”javascript:_gaq.push([‘_trackPageview’, ‘/outgoing/article_exit_link/2682341’]);” href=”http://www.americanlandco.net”>American Land Company</a> at 870-257-2173.

Chandler Daggett is a partner in American Land Company, which is headquartered in Cherokee Village. A former resident of Cherokee Village, he currently lives in central Missouri along with his wife and 2 kids. His parents and brother still reside in Cherokee Village and are also partners in American Land Company.

5 acres in Madison County. Selling this 50% Below market Value. We are selling land in Virginia. Blue Ridge Property Buyers. Visit our website www.BuyLandVA.com for more info on this property & to sign up for our Exclusive VIP Buyers List

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No Money Down Property Investment – Making Money From Property Investment Buying Today

04 May, 2011
No Money Down Property Investment
by Takver

Property investment buying is a proven way to earn money. It has been associated with long-term investing and is believed to be a poor business during an economic slump. But did you know that you are bound to reap fast profits if you invest in real estate today? Here are a few reasons why.

People will need places to live in, regardless of the market condition. If people are not buying houses amid tougher times, then they are renting. If you have properties for sale or for rent, you will still have buyers or clients. Even if they rent today, people still want a home of their own. It’s part of the American Dream. The country is a symbol of home ownership, other than democracy and freedom, among others. Property investment buying is a business 90% of the country’s millionaires engage in. Does it make sense if we say that this business can make anyone a millionaire? Yes it does and rich people will testify to this. They are still placing their money in property investments and this is a cue that must take. One reason why property investment buying today is still popular among millionaires is because there are investing methods that are thriving amid the harder times. One of them is wholesaling. This is basically placing a house under contract to buy it and then assigning that contract to an interested buyer. In return, you will get an assignment fee. Another investing method that’s booming today is rehabbing. This is property investment buying, repairing that property to raise its value, and then selling it for a profit. Both these methods are thriving despite reports that the economy is still reeling from the effects of the recession. If you fear that you will run out of investment properties on buy, you are wrong. Market experts estimate that hundreds of thousands of houses were foreclosed over the past few years. These alone will need some years to be sold out. You can make money from these properties because you can buy them low. The good thing about them is that they are available across the nation. They are not concentrated in urban areas. A lot of house owners are also opting to sell their properties to settle financial matters and you can buy these as investment properties.

Property investment buying in today’s market can be rewarding. Study how you can make s fortune from this business and get ideas from REIWired.com today.

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Foreclosed Property Listing – Foreclosed Property Listings – Your Investment Partner

02 April, 2011

If you are considering investing in foreclosure properties, then you are making one of the smartest and profitable decisions in your life. As with any other investments, foreclosure investing also requires capital. The good news is, you need only a small amount for this venture, because foreclosure homes are sold below their market value. You can find these cheap investments on foreclosed property listings.,

Why Subscribe to Foreclosure Listings:

You should know that thousands of foreclosures are placed on the market for sale every day. So you can expect to see premium properties placed on the market daily. In this regard, it pays to have foreclosed property listings that can provide you with updated lists of houses in all prime areas across the country. You can also expect to find properties that are within your budget range.

Instead of spending your time driving around, asking for available cheap properties for sale, you can spend it on other tasks, such as hiring a professional to inspect the property that interest you or securing a loan to buy the foreclosed home. You see, foreclosure listings allow you to search for properties without leaving your house or office. You can find all the information that you will need to make an informed buying decision by subscribing to a reliable listing provider.

What You Should Know About Foreclosure Buying:

Now that you know where to find foreclosures that are worth buying, it is time to get into the nitty-gritty of foreclosure buying. A comprehensive listing should be able to offer properties that can be bought during a preforeclosure stage, at auctions, short sale, from the government, or banks.

Once you have picked out your choices, act immediately by getting all the information about the properties. Keep in mind that you are not the only interested buyer of a foreclosure home, so if you found one that you think is the best property to buy, do not waste any more time. Prepare your finances, examine the neighborhood and the structural condition of the home and then make an offer.

Because the properties you find on foreclosed property listings are mostly good buys, you will not spend that much time finding the right one for you.

Joseph B. Smith has been educating buyers on the finer points of foreclosed property listings at ForeclosureListingsNationWide.com for over five years. Contact Joseph B. Smith through ForeclosureListingsNationWide.com if you need help finding information about foreclosed property listings .

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Home For Sale Vaughan On – Vaughan houses -an investment of whole life

13 March, 2011

Canada is offering a lot of space for foreigners, the population is growing day by day and in this situation, our services meanwhile provide you a source of satisfaction that you are not away from finding a dream Vaughan home. We help you this way by providing you a whole statue of map and houses with images to be available for you.

Whether it is buying information, contact service, Vaughan apartment sightseeing, payments, commercial as well as private looking we help your way from the core of our heart as this is our service for humanity in making their hoes their best dream home ever.

Often parents sued to give gifts to their bride and groom in form of Vaughan home.

The houses of the city are so well architect that even tourists come here to see the culture and architectural design of the building of the city. There are seventeen buildings which offer people free visiting that is totally free of cost is something very pleasing for children entertainment as well. There is a Canada’s wonderland here in York in which planet skoopy and rock band alive are things of great attraction, as well as Mcmicheal Canadian art collection, Kortright conservation area which is the Canada’s biggest educational plant for environment studies, village of keinburg which is famous for the clean environment and historical importance.

So we guarantee you that living in Vaughan houses give you all the pleasures of life, as the main locality where it exists, urban area just twenty kilometers away from Toronto, and the capital of Canada. We assure you that buying a home here is your investment, just not only spending. As all Vaughan real estate agents love to live here.

We list you Vaughan homes for sale that are available at our site; there are Vaughan apartments as well. what benefit it gives you is simple as the house can provide you security of shelter as your owning asset and the apartment you can give on rent whenever you want to as well as we provide you the houses you want for rent and we can also show you the sites which are there vacant in space and no construction has been made yet.

On our site you can see about main attractions of the city, hospital nearby your selection area and the schools, transport system and parks besides Vaughan homes. All will be in front of you just in a click by visiting our website, if you have budget and you want to invest it either for commercial purpose of for individual purpose, don not wait. Contact us for bright future opportunities. Your service is our mission. www.vaughanhomesales.com

Check out vaughan listings and vaughan apartments for more details.

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Investing Pre-foreclosures – Finding Buyers for your Pre-construction Investment

23 January, 2011

Finding great deals in the pre-construction market is easy – many developers will even bus you in from out of state to show you the latest hot property and attract your investment. The hard part, once you’ve signed on, is finding the next buyer. For a pre-construction investment to work, someone has to want to live in the property once it’s finished. As the initial buyer it’s part of your job to find that market.

This second wave of buyers, also known as follow-on buyers, can often be divided into several categories: local; investor; second home buyer; and retirement buyer. Since pre-construction projects are almost always condos, these buyers are a little easier to target, but to understand them it’s important to look at each group individually.

Local buyers typically find your condo in the newspaper, or from area real estate agents. They are usually looking for a year-round home, and are typically selling or planning on selling their other one.

Investors are always looking for an opportunity to grow their money, and commonly find pre-construction deals online, through investment groups, or through brokers. These buyers are well-networked, and can often put you in touch with a larger community of buyers.

Second home buyers can be local residents, or they might come from out of state or another country to purchase your condo. They typically look for new homes in magazines, mail-out brochures, home shows, or while traveling through your area.

Retirement buyers are most often similar to second home buyers, but are more likely to be networked to other retirement buyers, and can help bring in multiple sales.

It’s important to know the developer’s marketing plan when you look at a pre-construction deal, to gauge whether each group is targeted effectively. If you can think like the second wave buyer when buying and marketing your pre-construction property, you’ll be more likely to close the deal with a solid return on your investment.

YourRaliegh.com is the website for all your Raleigh real estate needs. The site was developed by experienced local real estate professionals, and offers area information, a guide to local activities and services, and tools to help you enter the Raleigh real estate market.

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Foreclosure On Investment Property – Coping With Foreclosure on Investment Property

22 January, 2011

Investing in real estate property is one of the things that people turn into just to add some extra income for themselves. However, due to recent economic crisis, it is unavoidable for the property owners not to be affected by it. Major impact can lead to foreclosure on investment property that’s why you need to understand what you are facing and what options you have in dealing with this type of situation.

 

Foreclosure on investment property is usually the only way out some owners can think of when they fail to pay their mortgage. Some properties are also rented out and leased, so if the tenants are not paying it only means no profit and bad business for the investor. If they can’t handle their mortgage payments, this will only force them to foreclose the property.

 

As an investor, foreclosure on investment property is the worst thing that can happen to you. Not only will you lose your business and affect your credit score but this also can badly hurt your standing. Loan is essential in building your business but cases like this greatly influence the lending institution’s decision from giving you the funds you need. It will take seven years before you can make some loans again. So a bad credit score will have a negative effect for your assets and other investments. Before you give in to foreclosure, you must find other means to resolve the situation quickly and not let it get out of hand.

 

In order to establish your options, you must get foreclosure counseling first. There are real estate attorney who can give you more options in handling your investment property issues. But if you don’t have funds to hire one you can still go to some government-funded programs that assist property owners who are facing foreclosure. Then, contact your mortgage company as they may be able to help you defer your loan and let you keep your investment property.

 

If the mortgage company will not be able to defer your loan, you can choose to refinance the property at a lower rate and ask for a loan modification. Although the closing cost in refinancing is not included in loan modification.  In this way it can help you lower your monthly payment, since most investment loans are at high interest rates and this can also prevent foreclosure on investment property.

 

But if you can’t hold on to your investment property or if there is no means to refinance, then see if you can put the property up for sale. This way you can protect your other assets and speak to a professional realtor to help you sell the property faster.

 

You can also ask you mortgage company if they consider short sale as an option on your investment property. When you short sale, this is when you sell for an amount less than your total mortgage. That is if the mortgage company will agree to this type of payment.

 

If all the other options won’t work, your last resort is propose to deed the property back to your lender so it will take less of a hit to your credit score. Yes, you will have to give up the property but at least you will be able to rebuild your credit more quickly.

Jared T. Coleman is an active real estate investor based in Kansas City, MO. He is a member of the Mid-America Association of Real Estate Investors (MAREI) and works exclusively with investors who want to grow, learn and succeed at real estate investing. Get more information now at http://mareinet.com/.

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