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September 20, 2011
Asset management is essential for business owners and real estate investors. This system is used to maintain record of owned assets and is necessary for tax reporting, obtaining financing, and deciding when to buy and sell properties.
Investors utilize asset management software to determine return on investment for multiple properties. Reports provide cash flow forecasting, performance analysis, and benchmarking, along with monitoring risks and exposures for each property held.
Real estate investing is filled with potential landmines; especially in today's market. Investors need to take advantage of every tool available to help them assess risks and maintain positive cash flow with investment properties.
July 19, 2011
For years the Last Vegas real estate market offered some of the most desired properties in the country. Everyone was ready to gamble in Sin City in hope of striking it rich. Today, Clark County Nevada has nearly turned into a ghost town with thousands of foreclosure properties sitting vacant.
There are signs the Las Vegas real estate market is heading toward recovery. In June, the Las Vegas Review-Journal reported foreclosure filings declined by 12.9 percent in May. Additionally, banks canceled 1,931 sales which was a 36.7 percent decrease from April. The report wasn't clear on whether canceled sales were the result of loan modifications, short sales, or deed in lieu of foreclosure.
February 10, 2011
Real estate owned by banks refers to property that has been repossessed by mortgage lenders through loan default. It can be advantageous to seek out bank owned foreclosures because these properties are often sold below market value.
Real estate owned by banks is no different than properties listed for sale by private sellers. Banks list properties through local realtors and buyers submit offers to the bank. The majority of lenders require buyers to prequalify for lending prior to placing offers on bank foreclosures.
November 24, 2010
Before implementing real estate investing strategies, investors should have a solid plan in place. Doing so can help investors determine which types of properties are best suited for their investing style and the goals they want to achieve.
Planning the types of real estate investing strategies requires research and networking with investors who have achieved success. One place to locate other investors is through real estate clubs or online networking groups. Networking with others can save hours of time and lessen the potential of gathering information from those more interested in selling their investing secrets instead of helping others succeed.
October 06, 2010
Fannie Mae Homepath properties are quickly moving to the forefront of homes sold due to discounted prices and special financing options. According to Terry Edwards, Executive Vice President of Fannie Mae's Credit Portfolio Management, "More than 87,000 families have purchased HomePath properties in the first half of 2010."
Fannie Mae Homepath properties encompass a mix of foreclosure homes scattered across the nation. Prices start as low as $5,000 for single family residences, but the average home price hovers around $139,000 for a two bedroom, one bath home.
September 27, 2010
There is plenty of property for sale, but in this day and age most people are leery of investing in real estate. With unemployment rates continuing to soar and increased lending restrictions, taking the plunge of buying investment property can be a frightening thought.
The types of property for sale range from residential homes to commercial real estate. Millions of foreclosure homes and bank owned properties are sitting vacant with low price tags to entice buyers. Even reduced prices and multiple incentives haven't been sufficient to stimulate much action in the real estate market.
August 03, 2010
Subject 2 is a type of real estate financing strategy that allows individuals with bad credit buy a house by taking over the property owner's mortgage loan. Also known as "Subject To" and "Sub2", this home buying option has become quite popular amongst real estate investors and buyers who need to quickly sell their home.
Subject 2 is perfectly legal and can be used by individuals wanting to buy a house; sellers needing to sell their real estate fast but unable to locate a qualified buyer; or real estate investors wanting to add additional investment properties to their portfolio.
January 19, 2010
The word, investing, conjures up fear and uncertainly for those new to the investment game. Many investment opportunities exist including stocks, bonds, mutual funds, commodities, business entities and real estate. Knowing which direction to go can help investors build a strong financial portfolio and achieve both short and long term investment goals.
Investing can be accomplished in several ways. Individuals can establish financial investment accounts online using tools provided by their investment firm. Locating a good investment company is essential. Some of the more popular online investing companies include Fidelity, Vanguard, Charles Schwab, BNY Mellon, and Merrill Lynch
January 15, 2010
An expired listing letter is one of many marketing tools used by real estate investors to locate deals on homes for sale. Expired listings refer to real estate sales contracts which expired without resulting in sale of the home. When realtors are unable to complete the sale during the term of the realty contract, sellers can enter into a new contract with their current realtor, locate a new realtor, place the property on the market as for sale by owner, or remove the listing.
Realtors and investors solicit business with the expired listing letter. When properties show up as expired on the Multiple Listing Service (MLS), real estate professionals can access sellers' contact and property information. MLS provides nationwide property listings to real estate agents, mortgage and insurance companies, and other realty related entities.
November 30, 2009
Wholesaling refers to a type of real estate transaction. Investors purchase properties at discounted prices and sell to another buyer for profit. Wholesaling is sometimes referred to as house flipping. When wholesalers flip houses they sell them in as-is condition and do not invest any money to rehab the property.
Wholesaling real estate can be a profitable business as long as investors have a solid team of realty professionals. Let's face it. The real estate market is a mess. Millions of Americans have lost their homes to foreclosure. Banks have engaged in short sales and have thousands of vacant properties in their portfolios. Neighborhoods are suffering the effects by paying higher homeowner association fees, property taxes and utilities.