Real Estate Investing Articles on Promissory Notes, Short Sales, Pre Foreclosures and other Cash Flow Investments
July 30, 2013
A common question asked by parents of injured children is "What is a structured settlement for minors and how will it help my child?" In the simplest terms, it is a financial tool for safeguarding monetary awards acquired through a lawsuit.
The best approach for fully understanding what is a structured settlement is to consult with a lawyer. This is especially important when children have sustained injuries due to an automobile accident or negligence of another person.
Since there are so many variables involved with personal injury cases, it is imperative to get help from legal professionals. With that being said, it is helpful to have a basic understanding of structured settlement annuities and compensation plans.
April 15, 2013
Buying property through residential real estate auctions is a great way to get a bargain. However, buyers need to be aware of the rules and have their finances in order prior to placing a bid. Doing so will let them find houses that fit into their budget and help them attain the best price.
Houses which are sold through residential real estate auctions generally consist of foreclosure homes and properties which need to be sold quickly. This might include probate real estate or properties owned by banks, investors, or organizations that need to liquidate multiple dwellings.
In order to get the best return on investment, buyers will need to spend time exploring their options. One of the first steps is figuring out how much they can afford. When people buy auction properties using bank loans they generally have to get pre-approved before submitting bids. Most often, buyers are required to provide payment in cash or cashier's check when they win the bid.
March 15, 2013
Investors often avoid tax lien sales because they can be complicated. However, with a little research and detective work this strategy can pay off handsomely. At the very least, it's a good way to generate profits or acquire low-cost investment property.
As with most investments, tax lien sales can be risky. Becoming educated about the process is vital. A good place to start is local real estate investing networking groups. Check organizations like LinkedIn or MeetUp to find meetings in your area.
A simple explanation is tax liens are placed against property owners who fail to pay their taxes. Owners are given a certain amount of time to pay delinquent property tax. If they fail to do so in the allotted timeframe, tax collectors put the lien up for auction.
February 12, 2013
Applying for government student loans is probably one of the most exasperating experiences a person will have. It's a lengthy process that involves providing financial records, filling out student aid applications, obtaining financial counseling, and entering into legal contracts.
The good news is getting government student loans can be simplified by making a visit to StudentLoans.gov. This website is supplied by the Office of the U.S. Department of Education and provides information on everything from getting financial awareness counseling to student loan consolidation.
Students need to learn about the application process, different types of loans and payment options. In order to apply for financial aid students must prepare a Free Application for Federal Student Aid (FAFSA).
January 08, 2013
Most people find getting student loans without a cosigner to be an impossible feat. While the task can be challenging there are a few resources for students to tap into. For most, the top option is applying for government student loans. However, some people might qualify for private funding.
Qualifying for private student loans without a cosigner requires an established credit history and good FICO score. This option is generally reserved for borrowers who have consistent income either from a job, structured settlement annuity payments, or trust fund.
It's not easy to borrow college funds from a bank, so it's better to look into government student loans first. A few of the most common are Stafford loans, Perkins loans, and PLUS loans.
December 20, 2012
Merchants who want to accept credit cards must work with credit card processing companies. Therefore, it's vital to understand the procedures and associated costs to prevent overpaying
Taking time to compare various credit card processing companies can save merchants a lot of money over time. Companies generally assess fees to process credit cards, along with a per transaction fee, while some even charge fees for printed statements.
Sole proprietors and small business owners often find it difficult to find companies willing to provide merchant accounts. Instead, entrepreneurs usually have to work with third party providers who will obtain the merchant account. Unfortunately, the more people involved the higher the rates.
November 14, 2012
Many people contribute fraud in real estate as the demise of the mortgage industry. There is little doubt that scam artists have siphoned billions of dollars from unsuspecting people through home equity thefts, foreclosure bailout scams, straw buyer scams, and rental fraud.
Anytime fraud in real estate occurs victims must become proactive in reporting the incident to local law enforcement. Police reports are needed to begin the process of collecting evidence to prove a crime was committed.
Law enforcement officers will need to obtain the names and contact information for all parties involved, along with any documents such as trust deeds, quitclaim deeds, purchase or rental agreements, and escrow statements. They will also require any receipts or cancelled checks that were given or received.
October 27, 2012
A lot of sellers are using an owner financed real estate IOU to attract buyers willing to pay their asking price. Although the real estate market has experienced a slight upturn, finding qualified buyers remains a challenge.
When property owners secure loans with seller financed real estate IOU they act as the lender. A mortgage or trust deed is drawn up and filed with the County Recorder's office. If buyers default on the terms of the note the seller can initiate foreclosure and repossess the property.
Just as banks are allowed to sell mortgage notes to another bank, property owners can sell seller carry back trust deeds to private investors or investment groups. This is common practice amongst investors and is a good approach for those in need of quick cash.
September 20, 2012
There are three methods for finding cash flow notes. These include searching public records, using a list service, or building an email list. Each requires dedication to the task at hand, along with plenty of research.
It's advisable to study each strategy for finding cash flow notes to determine which method is best suited for your personal needs. Some investors focus solely on one approach, while others make use of each strategy.
Searching public records is very popular, but does require an immense amount of time. The upside is that many counties are making use of technology which lets them provide online access to public records.
August 14, 2012
Mello Roos is a type of real estate property tax assessed in the state of California when people buy homes in areas designated as Community Facilities Districts (CFD). This special tax is levied to pay back municipal bonds acquired to provide residents with public utilities and services.
The special Mello Roos tax was established in 1982 by Senators Henry Mello and Mike Roos. Its purpose was to overcome tax deficiencies that occurred when Proposition 13 was signed into legislation.
This special tax only applies to properties situated in CFDs. In order for a neighborhood to be classified as a community facilities district at least two-thirds of residents have to vote in favor of implementing the Mello Roos property tax.