Archive for September, 2009

An Introduction to Real Estate Investing

Written by admin on September 30, 2009 – 12:37 pm -

Real estate investing probably makes you think of a number of things. You likely leap to real estate investing as real estate portfolios and real estate retirement plans, and then you may expand to thinking of short sales, bulk reo investing or virtual real estate investing. You probably also wonder how these things play out in real estate investors’ life in the current economy.

There is a lot to learn about real estate investing. To get the most out of real estate investing education, be familiar with basic information ahead of time. Whether you are interested in short sales, bulk reo sales, virtual real estate or just improving your abilities as a real estate investor, you need to know some real estate investing basics in order to succeed. Review these three real estate investing basics that even some experts don’t yet know:

1. You will always end up with a positive yield when you invest in real estate investing education. You can create thousands of dollars in potential wealth with each real estate deal. Getting the wealth is the key to your success. When you know about real estate your odds of success increase with each real estate deal. Small investments in education yield big results upon implementation.

2. You have the ability to succeed in real estate investing in any economy. Many people think that you can only succeed in real estate when the economy is booming. In reality, poor economies are great for real estate investors. You frequently can get properties at deep discounts. You could also locate deals that would not exist in a booming economy. Real estate investing may also turn the tide for a poor economy. When the economy is not thriving, short sales, bulk reo sales and virtual real estate can all thrive. You can save yourself from financial difficulty along with others by knowing how to do these deals.

3. You do not need a lot of money to be a successful real estate investor. You can succeed in real estate investing no matter how much money you have. There are many deals that will let you use other people’s money to do them. Private lenders will let you use their money if they know that you are a good investment. An investor who is a good investment knows as much as they can when it comes to real estate investing. This will help you represent yourself as a good investment to private lenders who do not know how to make money in real estate investing.

Real estate investing is a great way to create a good amount of wealth. You can create income regardless of the economy. You can create your own success using your knowledge of short sales, real estate investing, bulk reo sales and virtual real estate. Real estate investing basic knowledge will help you succeed as a real estate investor.

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Guide To Bulk REO Investing

Written by admin on September 29, 2009 – 9:15 am -

The weakness of the U.S. economy has given rise to the largest epidemic of foreclosures in American history. Yet well-funded investors in real estate are seizing upon this opening to profit from an profoundly profitable new opportunity.

‘Bulk REO Investing’ is the name of the new strategy, and it’s captured the attention of many well-heeled investors.

Consider with me, if you will, the fundamentals of the Bulk REO business.

Understanding of the foreclosure process is central to understanding Bulk REO investing.

As a borrower becomes increasingly behind in his mortgage, the lender regularly calls and writes the borrower with default warnings and threats. After a certain period, the lender will then formally begin foreclosure proceedings. The ‘pre-foreclosure’ time starts with filing of foreclosure paperwork and concludes at public auction.

Foreclosure is completed when the defaulted property is auctioned. If there are no buyers for the property at auction, the property is returned to the lender. The designation of ‘REO’ (Real Estate Owned) is then attached to the foreclosed property.

Typically, lenders list their REO properties with local real estate agents in hopes of selling the property to a retail buyer who will pay full price. But as a consequence of the weak economy, lenders are frequently selling their REO properties far below their actual value. But the price of receiving such great pricing is the need to purchase multiple REO properties (a ‘package’) rather than individual properties.

The REO investment packages available today have provided a way to profitably capitalize on the U.S. recession. REO packages are easiest to buy and sell with a well regarded source of financing in place. There are many sources of funding for these transasactions including: hard money and commercial financing, as well as non conventional sources such as hedge funds and private investors. Additionally, one man is becoming very well known in the field of bulk REO investing, and his name is Sal Bushemi of Dandrew Partners, a hedge fund in New York.

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Save Money By Using A Comparison Website

Written by admin on September 28, 2009 – 10:07 pm -

Have you ever obtained a quote on one of the car insurance comparison sites? Did you manage to save money by using it? Now I am not sure about you but I have just managed to save myself a decent amount of money after using a comparison site.

I had not previously used a comparison website as I thought it may be some kind of scam. I thought in this way as I believed that they were being paid by the insurance companies to promote their quotes etc.

Anyway back to how I managed to save myself the cash. The annual car renewal papers arrived in the post and the price was some what similar as to what I had paid last year. I had not made a car insurance claim in that period however I was quite happy with the price that they had quoted. I also rather liked the company that I was insured with as they do offer an excellent customer service.

Despite this I decided to put my details into one of the comparison websites and to my surprise some of the quotes were cheaper than what I had been offered with my current insurer.

Instead of just taking up one of these quotes I decided to contact my current insurer and stated the following:

“I have been insured with your company for the last three years and would like to stay with you. I have however been quoted a cheaper price via a car insurance comparison site. Are you able to match their price?”

To my surprise the company agreed and I felt like I had won a major victory. I now decided to treat myself to a pizza!

People have told me that there are no simple ways to make money but this definitely was one.

There are numerous other comparison type sites for example ones where they compare loans, and others where that compare home insurance.

There are even sites that offer such things as comparison prices for DVD replication companies; who knows they may even compare “learn to play the guitar” sites in the future!

I am not sure about you but I will definitely be using a comparison site again in the future.

If however the above does not work for you then you could appoint a cost cutting expert to devise a business cost reduction strategy.

Whichever option you take I hope you are successful at saving some cash, let’s face it in this financial climate we could all do with some extra money.

 

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