Short Sale Magic

An investigation into the practices of this Utah man reveals that he has done nothing wrong or illegal. In fact, his strategy for robbing banks is 100% legal and has made him millions of dollars using this Short Sale Magic method. Find out how you can use the short sale method to generate wealth and put extra money in your pocket every single month. Build wealth even in a down economy, in fact a down economy is in your favor!

Recent housing crash allows you to create $40,000 out of thin air

You see, this cash cow is only understood by a handful of the most sophisticated real estate investors, so there is virtually no competition. Due to the recent downturn in the housing market most real estate investors are running around like chickens with their heads cut off not knowing what to do. Me? I’m busier than ever legally robbing banks for sums of $30,000, $40,000 and even as high as $80,000.

At this point, you’re probably thinking that I buy and sell foreclosures. Well, I don’t. I’ve done that before and don’t ever want to do it again. With everyone and their dog bidding on the same properties, the margins on foreclosures are paper-thin.

When someone finally ends up with the property, all the equity that once made it a good deal has been chewed up in the process. Not to mention, you need all the cash up front in order to buy a foreclosure, making it next to impossible for the average person to get started buying and selling foreclosures.

Dexter Parrish
http://www.articlesbase.com/investing-articles/short-sale-magic-689136.html

When people think about real estate investment, they think about simply jumping in. They think about the fact that they will be putting a lot of money into the situation, and believe that it is an “all or nothing” type of situation. While this seriousness is to be expected for real estate investment, the best thing that you can do is to use a coach for your real estate investment. There are multiple reasons to work with a coach for real estate investments, all of which can help to ensure success when followed properly.

Many people do not understand the gigantic money pit that is real estate investment. People simply think about the cost of the home when they think about real estate investment. They do not manage to think about all of the different things that go into the house during the period where the investment is actually owned. They do not think about the cost of all of the materials for fixing up the house. They do not think about the cost of all of the upgrades that they would like to make to the house. They fail to think of contracting prices and labor prices that will ultimately rise with all of the work that is needed.

The massive amount of money that goes into a home can cause it to be a money pit. If you work with a coach for real estate investment, you will be able to chart the waters before you start investing. You can anticipate costs to fully understand how much something will cost. This will help you to stay within the budget, which is crucial to those who are investing in real estate.

If you are investing, you will also want a coach to help you during the process. While you are going through the steps of investment, you may find that you run into unforeseen issues that will ultimately affect the budget. By working with a coach, you can fully understand the best way to attack the issue while staying in budget. The coach can also help you to understand the smart decisions that need to be tweaked and made to make sure that your real estate investment stays profitable.

A lot of people fail to think of a coach for real estate investment. They feel as if they need to work with a partner for the entire process, or that they need to work solo. It is imperative that anyone looking to invest in real estate speaks with someone who knows that they are doing, and has done so before.  By working with a coach, you can be sure to reap all of the many benefits of real estate investing while being able to ultimately call your own shots at the end of the day.

Peter Vekselman

There are many tricks and techniques that can help improve your knowledge when it comes to dealing with investing in real estate. There are new ways and methods of doing things and handling situations that are worth learning about. Knowledge about the most recent types of financing can be of great help. However, there are six basic principles about real estate investing that you need to know about. The principles are

1 Relationship building

2 Understanding the numbers

3 Risk reduction

4 Always be prepared

5 Goal setting

6 Get educated

Investing in real estate is all about relationships and building relationships. The most valuable resources in real estate are people and the more you know about people, the more likely you are going to find good properties to buy or good buyers for your property. Knowing sellers, buyers and other investors can be of great help as these people can provide you with information, opinions and even good deals. Always take notes, ask people for their names and note it down. You never know when it will come in use. Hire a good real estate agent who will bring you many interesting listings. Knowing and understanding the relevant numbers is also very important. For example, looking at a rental property should bring income, expenses and the capitalization rate to your mind. Think of changes that will allow you to raise the income and how this change in income can affect the value. Never invest in a property on impulse as this will most probably lead to trouble. Always invest in a property once you are sure of the fact that you have understood the numbers.

Always find and use risk reduction methods. It is advisable to include inspection, financing and other contingency clauses in the offer. This is done to retrieve the deposit in case the deal fails. Before buying any property, always consider an exit strategy and formulate a backup plan. It is not wise to value real estate property based on impulses and gut feelings; always use comparables and capitalization rates to value property. It is best to buy through your limited liability company or your corporation. Always be fully prepared when investing in property because you never know when you may hear about a new and interesting property that might be up for sale. Keep a pen and paper and business cards ready at all times.

Creating goals and not wishes can not only help boost your morale, it can also help you get that interesting property that you have been dreaming about. It is good to make a plan or a schedule. Look at a fixed number of articles per week and write a certain amount of offers per month. Set goals for everything including the number of phone calls you have to make per week or the number of online listings you need to check per week. The goals you set need to be action packed as action creates force. By following your goals on a regular basis you can create habits and positive habits ultimately lead to more successful investing when it comes to real estate. There is nothing more important than education, so keep learning and using that education as a means to more effective real estate investing. Spend as much reading books and magazines and listen to tapes and CDs concerning real estate. Good information is very important and can only lead to better real estate investing.

Kris Koonar
http://www.articlesbase.com/non-fiction-articles/real-estate-investing-principles-61922.html

The recent times have seen a considerable increase in the popularity of home foreclosures in various parts of the United States of America. More and more people are attracting towards foreclosure properties and considering it as a worthy investment in the real estate market. Even realtors consider that buying foreclosure properties can turn out to be profitable business ventures. The primary reason for the rising popularity of home foreclosures is the lower price in which these properties are available.

Dealing with any form of home foreclosure, it requires primary knowledge and understanding about the foreclosure proceedings and process. Foreclosure refers to a legal process through which the ownership of a house is transferred from the owner to loaning agency like bank due to default payment on the part of the owner. When the installments on the loan amount are not paid by the borrower for a particular period of time his property is seized by the loaning agency. The creditor then sells the property through public auctions to recover its loan amount.

Home foreclosures can happen due to several reasons. Though the primary reason is the excessive debt resulting in default payment, the financial crisis can be initiated through loss of employment, accidents, divorce or illness. Some creditors offer leniency in extreme cases; however home foreclosures is the most common occurrence during such circumstances.

The properties that are seized by the loaning agency, like banks are often sold at lower costs (two-third rate of the original coasts of the property). The primary reason for this is that the credits want to recover their loan amount as soon as possible. Often the foreclosure properties are also found in dilapidated condition as the home owners stop caring about their property once they realize the fact that their property would be foreclosed. Few even go to the extent of damaging their home once they are given default notice for the confiscation of their property. Since the foreclosure properties demand substantial repair cost they are sold at lower costs.

The lower costs of foreclosure properties have attracted a lot of potential buyers. They choose these properties because with some repairs done these properties serve the sale purpose as anew property does. Therefore, calculating the repair costs before buying any foreclosure property is a must. The buyers should see to it that the foreclosed amount and the repair cost combined together do not exceed the actual worth of the home. For the purpose of buying a foreclosure property consulting the various government foreclosure listings serves the best option. By referring to those listings you can easily find the most suitable home foreclosures available in the real estate market. However, you should see to it that the listings you refer to have the latest updated news and information about the available home foreclosures.

Once a home is bought the contract of purchase should be read thoroughly. Understanding the state laws is also very important. In case of foreclosure these in-depth knowledge would go a long way to help you in a positive way. You should have knowledge about the latest developments in foreclosure laws in your state to ensure a worthy purchase.

Robin Smith
http://www.articlesbase.com/real-estate-articles/ensure-a-clear-understanding-about-home-foreclosures-695015.html

South Florida’s commercial and residential real estate markets suffered in 2008, and the New Year doesn’t figure to offer much relief. Continued foreclosures and weak economy will continue having an impact on prices and number of properties available with only aggressive sellers disposing of properties.

Although home sales started picking up this summer, the beleaguered housing market has been hammered by foreclosures and falling prices. Meanwhile, the sputtering economy has local businesses retrenching and cutting jobs, dealing a blow to the retail, office and industrial sectors. All this carnage creates an opportunity for those positioned to take advantage of the adjustment in prices, and higher expected returns.

What follows is an outlook of the region’s residential markets as 2009 approaches:

Residential Real Estate

The three-year housing slump may ease by this time next year, but the real estate market in Florida, particularly the Miami real estate market almost certainly will still be in decline. After a five-year boom, South Florida’s housing market began to tumble in 2006.

People who stretched to buy properties they couldn’t afford have been forced into foreclosure over the last two years. Homes have lingered on the market for months as prices are driven down and as tightening credit makes it difficult for buyers to get financing.

But, although it might seem that we must be almost finished, there’s still a lot of pain to come in terms of write-downs and losses that have yet to be recognized.

The trouble now is that the insanity didn’t end with sub-prime mortgages. There were two other kinds of exotic mortgages that became popular, called “Alt-A” and “option ARM.” The option ARMs, in particular, lured borrowers in with low initial interest rates – so-called teaser rates – sometimes as low as one percent. But after two, three or five years those rates “reset.” They went up. And so did the monthly payment. Now the Alt-A and option ARM loans made back in the heyday are starting to reset, causing the mortgage payments to go up and homeowners to default.

With defaults at unprecedented levels and no evidence that the default rate is tapering off, it will lead to further foreclosures, homes being auctioned, and home prices continuing to fall.

Analysts that have looked back at what was written in ’05 and ’07, the reset dates and the current default rates, predict the beginning of a second wave. Billions of dollars in sub-prime mortgages reset last year and this year, but what hasn’t hit yet are Alt-A and option ARM resets, when homeowners will pay higher interest rates in the next three years. The damage is substantial if one considers that the sub-prime is approaching $1 trillion, the Alt-A is about $1 trillion and then option ARMs are probably another $500 billion to $600 billion on top of that.

To get a sense from where we have come Broward County median price for existing homes declined by 35 percent from November 2005, Dade County by 33%. The overbuilt South Florida and Miami condo market has taken an even bigger hit. Median prices on existing condos have fallen more than 40 percent in the two counties since 2006.

Home sales in South Florida started increasing in July, bringing a hint of optimism, but the upswing was caused by months of falling prices in a market still flooded with homes for sale. Rates on 30-year, fixed-rate mortgages have been low and last week hit 5.19 percent, a 37-year low, contributing only slightly to the uptick at best.

However there is a sense that the opportunity may be arriving for some. First, individual buyers that have been on the sidelines renting property suddenly feel that foreclosures are closer to what their incomes allow them to purchase. Also, corporations such as Lennar, a large South Florida multifamily developer that like all others has been hurting is positioning itself to take advantage of the market. First, Lennar’s strategy includes hoarding cash — it had $1.09 billion in reserves as of Nov. 30 — and second, it is establishing a fund aimed at buying distressed residential properties.

Mike Smith
http://www.articlesbase.com/real-estate-articles/south-florida-and-miami-residential-real-estate-outlook-2009-715726.html