3 Non-Conventional Ways to Find Real Estate Dealsby Ryan Moeller on June 19, 2010
ShareFinding good deals is crucial to successful investing. The best real estate deals are found when the seller is motivated, you can solve a problem and there is no competition. Here are 3 non conventional ways to find some of the best deals.
1- Target pending sales and be the backup offer – Properties listed on the MLS often receive a lot of competition and often the seller is not motivated. What about when a property falls out of escrow? Sellers often become motivated and you can solve their problem without any competition. Put in backup offers on pending sales and you just might find a home run deal.
2- Put in your offers with only the listing agent – Listing agents love double sided commissions, especially the ones that list a great deal of REOs. They will work hard to represent you and the seller. It could result in a win-win for all which means a great deal for you.
3- Target rentals and out of state owners – Approaching rentals to see if they will sell can often lead to a great deal with no competition and possible great terms. You may be able to negotiate a lease option, get seller financing or subject to. Also contact title and get a list of out of state or absentee owners and send them direct mail. You can often find a motivated seller, solve their problem and without competition.
While most do what everyone else does to find deals, there could be some hidden gems found with non conventional strategies. I hope these 3 are helpful as they could find you a motivated seller with no competition and you can solve their problem.
MB Homes Solutions is here to help you if you need contact us at mbhomessolutions@gmail.com or 909-319-0332 visit us on www.megadiscounthomes.co.cc/
Manuel Becerra or Michael Hall we are Mentor/Investors with lease options to buy and give consultancy to people who need to sell their home in 30 days or less. call 909-562-7839 I answer my own phone or e-mail to contact me also at: mbhomessolutions@gmail.com or manuelbonly@gmail.com also on www.Skype.com at manuelbc3 Se Habla Español.
Thursday, September 23, 2010
8 Ways to Find Great Real Estate Deals!!!
8 Ways to Find Great Real Estate Deals
by Ryan Moeller on September 23, 2010
ShareWith so many foreclosures and distressed properties available, the current market conditions have resulted in the opportunity of a lifetime for savvy investors. Finding great deals is one of the most important things for successful investors to do. That said, it takes more than just evaluating a few deals. Investors must get a ton of deals coming into their pipeline, efficiently weed out the duds and pick the best from the prospects. Here are 8 ways to find great deals.
1- Agents, Agents, Agents – Contact a lot of agents. Create a list of REO agents, even call title and get agent contact info. Find agents who have lots of REOs and are good with investors. Give them your criteria. They can and will do a lot of the work for you.
2.- Find asset managers at banks and agents that can send you properties before they go on the MLS – Being able to snatch up deals with no competition is huge. If you prove that you can close on deals over and over you will keep getting fed great deals. If you bail on deals without good cause you will risk ruining a very valuable relationship. Treat the bank/sellers with respect and do not waste their time.
3- Wholesalers – Create relationships with wholesalers. They are experts at finding great deals. Give them your criteria and when a prospect is worthy you can jump all over it.
4- Marketing, Marketing, Marketing – There are so many foreclosures these days, but there are still distressed homeowners not in foreclosure. People face financial hardships, divorce, probate, absentee owners, etc. It is strongly recommended to have good targeted marketing campaigns to bring in more deals to your pipelines and the opportunity to negotiate straight with the seller.
5- Court House Steps – I know many people who buy right at the court house steps. One huge advantage is there is often very little competition. One disadvantage is that you cannot get into the house to do an inspection and thorough due diligence. But you can see the outside and do as much due diligence as possible. Many great deals are purchased at the court house steps.
6- For Sale by Owner – Homes sold by the owner are often not listed and do not get as much activity. They usually go for much less than listed properties and present a great opportunity to negotiate straight with the seller. Do not offend the seller, if you are too far apart simply decline but schedule a time to check back periodically as time will make the seller more negotiable.
7- Respond to Ads – Respond to ads in newspapers, craiglist, publications, online and social media. There are a lot of great deals and motivated sellers posted on ads. You can even offer a lease option to for rent or for sale properties. Make sure to follow up.
8- Word of Mouth – Tell everyone what you do and to let you know if they know of a home that has to be sold. Many great deals are brought to investors by people they know.
Please leave us your comments and or questions if you need any help let us know at 909-319-0332 or via e-mail at mbhomessolutions@gmail.com
by Ryan Moeller on September 23, 2010
ShareWith so many foreclosures and distressed properties available, the current market conditions have resulted in the opportunity of a lifetime for savvy investors. Finding great deals is one of the most important things for successful investors to do. That said, it takes more than just evaluating a few deals. Investors must get a ton of deals coming into their pipeline, efficiently weed out the duds and pick the best from the prospects. Here are 8 ways to find great deals.
1- Agents, Agents, Agents – Contact a lot of agents. Create a list of REO agents, even call title and get agent contact info. Find agents who have lots of REOs and are good with investors. Give them your criteria. They can and will do a lot of the work for you.
2.- Find asset managers at banks and agents that can send you properties before they go on the MLS – Being able to snatch up deals with no competition is huge. If you prove that you can close on deals over and over you will keep getting fed great deals. If you bail on deals without good cause you will risk ruining a very valuable relationship. Treat the bank/sellers with respect and do not waste their time.
3- Wholesalers – Create relationships with wholesalers. They are experts at finding great deals. Give them your criteria and when a prospect is worthy you can jump all over it.
4- Marketing, Marketing, Marketing – There are so many foreclosures these days, but there are still distressed homeowners not in foreclosure. People face financial hardships, divorce, probate, absentee owners, etc. It is strongly recommended to have good targeted marketing campaigns to bring in more deals to your pipelines and the opportunity to negotiate straight with the seller.
5- Court House Steps – I know many people who buy right at the court house steps. One huge advantage is there is often very little competition. One disadvantage is that you cannot get into the house to do an inspection and thorough due diligence. But you can see the outside and do as much due diligence as possible. Many great deals are purchased at the court house steps.
6- For Sale by Owner – Homes sold by the owner are often not listed and do not get as much activity. They usually go for much less than listed properties and present a great opportunity to negotiate straight with the seller. Do not offend the seller, if you are too far apart simply decline but schedule a time to check back periodically as time will make the seller more negotiable.
7- Respond to Ads – Respond to ads in newspapers, craiglist, publications, online and social media. There are a lot of great deals and motivated sellers posted on ads. You can even offer a lease option to for rent or for sale properties. Make sure to follow up.
8- Word of Mouth – Tell everyone what you do and to let you know if they know of a home that has to be sold. Many great deals are brought to investors by people they know.
Please leave us your comments and or questions if you need any help let us know at 909-319-0332 or via e-mail at mbhomessolutions@gmail.com
Saturday, September 11, 2010
What is a real estate investment?
A Real Estate Investment property is a building or a family home Other Than That Generates Income -through rent or resale . The price of the investment- and the earnings are driven by supply and demand .
There are Three Ways to start in real estate investment:
Buy a property
Buy shares in a real estate investment trust
Invest in a mutual fund Focus on the real estate sector.
Our Focus is Real Estate Investment by foreclosures , short sales , lease Purchasing and mentoring. Can this be done successfully using Smart Property Investment Strategy .
Foreclosures
Low Interest Rates and rapid Appreciation of the property is the attraction to this type of investment. "You can buy foreclosures for as cheap as 30 % or 40% Below Market , But most foreclosures sell for 5 % Below market, " said John T. Reed , editor of Real Estate Investor's Monthly. Can you forget about paying pennies on the dollar; That just does Happen .
Good buys are available , But They require research , preparation, patience and persistence .
You must learn to navigate the foreclosure process, and That Is Where eat SSPI in. The foreclosure process starts When a property owner falls behind on mortgage payments. Many owners of homes foreclosure Go Into That Have Been Struggling for Almost a year Financially Before they give up , Which Usually Means That You Not Received the house needed repairs or general maintenance for a while .
This May include everything from missing light bulbs to roof leaks. Tree limbs in front yards, broken appliances and windows , and dirty carpets , floors and walls are found in Even very affluent area foreclosures .
Houses in poor condition might fetch bargain prices , But Can repairs boost the cost again. The first rule of real foreclosure is to find a property in a good area with high property resale values, hold your nose, walk through the house and Entire Consider making a low offer.
When a lender decide to foreclose on a property, a notice of default or a lis pendens (Latin for " lawsuit pending " ) is filed , Depending on the state. This document is a public record, and for buyers, it 's the first step in locating a property in foreclosure . A buyer looking for foreclosures Also buy magazines and newsletters dog That list properties in default.
Once a home has-been located, search public records. Look for liens on the property , Since They Can drive up the purchase price. Typically Liens are Placed on a house for unpaid property taxes. Also check out prices and Assessed Value of Neighboring properties.
Research local state foreclosure Laws , sincere They Differ . Some states - Such as Florida , New York , Ohio and Pennsylvania - require the lender to sue the borrower and get a court order for the leaves of the property, a process Known as judicial foreclosure. Other states - Including California and Texas - follow the non -judicial foreclosure process, Which does require a lawsuit .
There are Three Ways to start in real estate investment:
Buy a property
Buy shares in a real estate investment trust
Invest in a mutual fund Focus on the real estate sector.
Our Focus is Real Estate Investment by foreclosures , short sales , lease Purchasing and mentoring. Can this be done successfully using Smart Property Investment Strategy .
Foreclosures
Low Interest Rates and rapid Appreciation of the property is the attraction to this type of investment. "You can buy foreclosures for as cheap as 30 % or 40% Below Market , But most foreclosures sell for 5 % Below market, " said John T. Reed , editor of Real Estate Investor's Monthly. Can you forget about paying pennies on the dollar; That just does Happen .
Good buys are available , But They require research , preparation, patience and persistence .
You must learn to navigate the foreclosure process, and That Is Where eat SSPI in. The foreclosure process starts When a property owner falls behind on mortgage payments. Many owners of homes foreclosure Go Into That Have Been Struggling for Almost a year Financially Before they give up , Which Usually Means That You Not Received the house needed repairs or general maintenance for a while .
This May include everything from missing light bulbs to roof leaks. Tree limbs in front yards, broken appliances and windows , and dirty carpets , floors and walls are found in Even very affluent area foreclosures .
Houses in poor condition might fetch bargain prices , But Can repairs boost the cost again. The first rule of real foreclosure is to find a property in a good area with high property resale values, hold your nose, walk through the house and Entire Consider making a low offer.
When a lender decide to foreclose on a property, a notice of default or a lis pendens (Latin for " lawsuit pending " ) is filed , Depending on the state. This document is a public record, and for buyers, it 's the first step in locating a property in foreclosure . A buyer looking for foreclosures Also buy magazines and newsletters dog That list properties in default.
Once a home has-been located, search public records. Look for liens on the property , Since They Can drive up the purchase price. Typically Liens are Placed on a house for unpaid property taxes. Also check out prices and Assessed Value of Neighboring properties.
Research local state foreclosure Laws , sincere They Differ . Some states - Such as Florida , New York , Ohio and Pennsylvania - require the lender to sue the borrower and get a court order for the leaves of the property, a process Known as judicial foreclosure. Other states - Including California and Texas - follow the non -judicial foreclosure process, Which does require a lawsuit .
No deje que los problemas de su casa lo amarguen!!!
No deje que los problemas de su casa le amarguen la vida, Llámenos tenemos muchas posibilidades de ayudarle,
Cualquiera que sea el problema, déjenos ayudarle! Llámenos ahora (909) 319-0332 o visítenos en www.mbcbuyshomes.com/
Cualquiera que sea el problema, déjenos ayudarle! Llámenos ahora (909) 319-0332 o visítenos en www.mbcbuyshomes.com/
Monday, September 6, 2010
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