Flippers
Wednesday, August 1, 2012
Sunday, July 29, 2012
How To Identify Money-Making Properties!
There are a lot of the properties listed for sale each and every day. So many, that it can be overwhelming to decide on which properties might be good to buy for an investment. Maybe you are one of those individuals thinking about getting into real estate investing. Or maybe you are one of those individuals who already are investing, but have not been all that successful in finding those "diamonds in the rough". In either case, please read on and discover how to correctly identify money-making properties that will help you to realize huge profits time and time again.
Finding a realtor that you can trust is essential if you want to be successful in real estate investing. Without this "external" team member you are left using your gut and more than likely a lot of your time researching the market to help make your decision. Realtors can access information on properties in minutes that may take you hours or days to access, so use them!
When you do find a realtor that you can trust have them assist you with the following:
The property's asking price. Could you get it for less than what is being asked? A realtor can tell you.
The property's selling price and what repairs are going to be needed to get it sold for the same amount as other like homes in the area are selling for. You want to make sure your property is just a "notch above" the others in your market at your price range.
Find out how long like properties in the area have been on the market (on average). This will tell you the amount of time that you can expect until you flip it (if that's the route you're taking).
Find out the average sale price for like properties in your area also. This will help you decide how much to rehab (dollar amount and quality), and how much you can expect your house to sell for.
Next are some suggestions on how to identify a property. These tips will put you ahead of the competition in your area and help you to buy smart for huge profits:
Look for properties with large bedrooms. People like space. They don't want to walk into their bedroom and fall face down into the bed.
Look for openess in a floor plan. A very open floor plan can give the illusion of more space.
Try to locate properties with bigger kitchens. Why is this important, you may ask? The next time you have a party, take a look at where everyone gathers (understand? ).
Make sure that the property you are considering has a dry basement and that the foundation is straight with no bowing. Wet basements mean leaks and leaks mean repairs, and repairs mean EXPENSES! In addition , wet basements can mean the dreaded four letter word, M-O-L-D. Steer clear of wet basements!
Find a property that has a maintenance-free exterior, such as a brick or maintenance-free vinyl siding. They're out there, you just got to look.
Consider the neighbors and the neighborhood. Come by at different times of the day to see how the neighborhood is. Is it loud? Are there a lot of kids who should be in school or people milling about who should be at work? Are there any abandoned cars? Are the neighbors' homes next to the property, across the street from the property, and behind the property in disrepair? If you answered "yes" to any of these questions--FIND ANOTHER PROPERTY!
Run a registered sex offender search for your area. You don't want to rent to a family and then find out that there is a sex offender living right next door.
Look for a property with a newer roof and mechanicals.
Find a property with some curb appeal.
These tips offered in this article should have you on your way to identifying money-making properties in no time. Once you get it down to a system, there will be no stopping you from making huge profits each and every time!
Real Estate Marketing - Foreclosures
Friday, July 27, 2012
Make Money in Real Estate Now
real estate investing Made Easy
In the past few years, real estate has seen an unprecedented level of foreclosures on both residential and commercial properties. Banks are desperate to be rid of these bank owned properties, and many commercial owners feel the same way. Making commercial short sales is a great way to fill these needs and make a bit of profit while you're at it. Karen Hanover explains how.
Understanding Bank Short Sales
The first thing to understand is what exactly commercial short sales are, and why they happen. The common story of a short sale goes as follows: a property owner owns a debt on his property that he cannot repay, most likely because the property values have depreciated due to the sorry state of the real estate market. He's missed a few payments on his mortgage and is facing imminent foreclosure. However , even the banks don't like initiating foreclosures; they are a lot of work and still leave a stain on the bank's records. So the lender may decide that it's better to accept a loss on the property than to foreclose on it, and they let it go for a discount. Then an enterprising buyer (that's you) can sweep it up and resell it for a profit.
Making the Most of Money Making Opportunities
That is the theory, of course—the real trick is choosing the right properties and pulling off the resale. To do this, you must possess several qualities. First, you must be a great networker and possess the commitment to sniff out any and all money making opportunities for both acquiring new bank owned properties, and profitably releasing the ones you own. Second, you must be serious and trainable. real estate investing can be a tricky business with a lot of relevant laws. You must become an expert on foreclosures and foreclosure law in a fairly short time and apply that knowledge consistently. And last, but certainly not least, you must be determined. In the face of setbacks, it is not uncommon to feel discouraged. You must persevere, however. In every failure is the opportunity to learn from your mistakes.
A Review of Training Courses
One final note of caution—although free articles about short sales are a great place to start educating yourself about the whole process, you will eventually run out of information and have to turn to a paid real estate training course if you really want to learn enough to make money. These training courses from reported "gurus" are unregulated and full of scams. A good way to test whether you're signing up for the real deal or not is to pump them for free information. They should respond with a lot of what is listed here on real estate investing, and on various internet sources. If not, there's a chance that you'll blow thousands of dollars just to learn what anyone with an internet connection can learn!
Copyright (c) 2010 Jack Bosch
Real Estate Marketing - What is a Short Sale and How to Negotiate to Stop Foreclosure? - Part 7
Tuesday, July 24, 2012
Big Screen TV ��� Which Do I Want?
What kind of big screen TV do I buy? The debate rages on!!
Many home theater enthusiasts prefer a big screen TV to the bulky projection systems. They sacrifice screen size for picture quality and space requirements. There are many types of televisions to choose from but we will cover the Plasma vs . LCD TV debate first.
Plasma TV is by far the coolest and most expensive. They are extra thin, (only a few inches) and very lightweight. They’re great for small rooms or apartments since they can be hung on the wall like a picture. The superior contrast, brightness and wide viewing angle of color plasma TV’s, have made them an excellent choice for viewing HDTV programming. The price of Plasma TV’s has been dropping recently with prices starting at around a thousand dollars all the way up to 20K for a top of line huge plasma TV.
LCD (liquid crystal display) TV's are very similar to LCD computer monitors and offer video reproduction quality approaching that of plasma displays. LCD models generally cost less than comparable plasma models. They are extremely lightweight and thin and come in sizes from 7 inches to about 32 inches and more.
Of course as the big screen TV debate continues, we must not forget the standard CRT (Cathode Ray Tube) TV’s. These deliver great picture quality and are the most affordable by screen size. The negative is that they are very heavy and bulky. That is why they are losing ground to the slimmer, lightweight Plasma and LCD TV’s.
High Definition TV is becoming the new standard for TV’s. The current format for television broadcasting in America, as well as much of the world, is the NTSC format. While analog NTSC may have been the format of choice for nearly 50 years, digital broadcasting is revolutionizing the broadcast industry. High definition digital television broadcasting (HDTV) provides a much higher image resolution than NTSC. While NTSC could only provide around 650 lines of information per image, HDTV offers up to 1080 lines. This allows for much more detail and clarity.
Click here for more information
Panasonic VIERA TC-P50U50 50-Inch 1080p Full HD Plasma TV
New foreclosures jump 9% in second quarter
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