News and Information For Buyers And Sellers
Categories of Real Estate Investment
Below are ten categories of real estate,
and different ways to invest in them. The best one for you is
something only you can decide, according to your particular needs.
To help you do that, I list a couple good points and bad points
for each type.
1. Renting single family homes. Good points:
An easier way to get started, and good long term return on investment.
Bad points: Being a landlord isn't much fun, and you typically
wait a long time for...
(more) FSBO Real Estate Secrets
Buying FSBO real estate, or houses for
sale by owner, has its own particular problems and opportunities.
Dealing with an uninformed seller who thought he knew enough
to handle everything by himself can be frustrating, but it can
also be very profitable if you are prepared. First you need to
understand the FSBO seller.
People try to sell a house on their own
for one primary reason: To save the sales commission. Unfortunately
for them, they usually...
(more) How To Use A Real Estate Option
Using a real estate option to control land
can turn a small cash investment into big profits. And the downside?
You can lose all your investment, and many options DO expire
worthless.
An option is a simple concept. You pay
for the right to buy something within a certain amount of time
at a certain price with certain terms. But you have no obligation
to follow through and buy it.
Example of a Simple Real Estate
Option
Suppose you want to...
(more) Financing The Sale Of Your Home
- Safely
Why offer seller financing when you sell?
A higher price, a good return on your money, a faster sale and
to sell a property that is otherwise difficult to sell. Some
good reasons, but how do you do it safely?
1. Get a large down payment. The most
obvious way to be safe, and not always possible.
2. Get other security. If they want it
with little down, and you like the return you'll get, make it
safe by putting a mortgage on other property the...
(more) How To Make An Offer
You know the first rule of how to make
an offer. When you bought your home, you offered less than you
were willing to pay, right? That's the most common negotiation
technique. For experienced investors, however, that's just one
technique among the many more powerful ones. What else can you
do?
1. Offer an odd amount, like $161,793.
This gives the impression that you know something the seller
doesn't. They may...
(more) Moving And Relocating Tips
I know how stressful and chaotic moving
and relocating can be. We moved from one part of Tucson to another
in March of this year, and then in June we bought a home and
relocated to Colorado. Here are some of the lessons we and others
have learned.
1. Make and use lists. We all forget things,
even after remembering them several times. Put them on that list
during one of these times. Make a list of things to do before
the move, including getting school...
(more) Financing The Sale Of Your Home
- Safely
Why offer seller financing when you sell?
A higher price, a good return on your money, a faster sale and
to sell a property that is otherwise difficult to sell. Some
good reasons, but how do you do it safely?
1. Get a large down payment. The most
obvious way to be safe, and not always possible.
2. Get other security. If they want it
with little down, and you like the return you'll get, make it
safe by putting a mortgage on other property the...
(more) Buy Investment Property Without
Seeing It
Why would you buy investment property without
seeing it? It's a numbers game. Whether or not you see the property
before you make an offer isn't nearly as important as making
sure the numbers make sense.
A man in California used to just send out
offers on a hundred MLS listings at a time, offering 25% less
than the asking price on each one. Occasionally a few sellers
would accept his offers. He never had to look at the homes beforehand.
...
(more)
