If you are considering a change of career, you might want to consider becoming a real estate investor. Investing in real estate is one of the surest ways to earn big profits and recent data showed that unlike in other key industries, there is still big money to be made in the housing business despite the ongoing economic downturn.
One of the fastest ways to rack up big profits in the real estate industry is by wholesaling houses. This type of real estate investing involves the process of placing a property under contract and then assigning the said contract to another buyer. A wholesaler basically serves as a middleman between a home seller and a buyer because he is the one who facilitates the transfer of the property from one person to the other.
The first task of a wholesaler is to find houses that he will put under contract. A good source of such properties is a motivated home seller. According to real estate experts, motivated home sellers are those people who are in need of quick cash and are willing to sell their properties at very low prices. It is because they are in a hurry to get rid of their properties because of a number of reasons that may include divorce, relocation to a new city or county, or financial problems.
Once the negotiations with a motivated home seller are complete, the next phase of wholesaling houses is finding end buyers. Because of recent technology, searching for end buyers is relatively easy nowadays. A wholesaler can easily find the person who will buy the contract by posting an ad on the Internet or running an advertisement on the local newspaper.
Joining a real estate investing club can help, too. By interacting with numerous people of the same profession, a wholesaler can get recommendations or leads to investors who might be looking for investment properties that they could flip or rehab.
One of the most important things that a wholesaler should remember before closing a deal is that he should always check if the buyer is really capable of closing the transaction. Because it is his name that’s on the line, a wholesaler has to make sure that the motivated home seller will get what he or she is hoping for. Therefore, he should verify the buyer’s source of income or conduct a simple credit check.
If you’re looking for a lucrative way to earn money, then you should try wholesaling. An investor usually earns between $5,000 and $20,000 at the end of every wholesaling deal. In addition, he doesn’t have to spend thousands of money just to start in this business because he is not technically buying investment properties. Thus, being a wholesaler is a great way to earn big bucks because it can give you a lot of great opportunities without exposing you to big financial risks.
Meanwhile, if you want to learn more wholesaling secrets and tips, visit www.RehabList.com.
Tuesday, November 10, 2009
Monday, November 9, 2009
You and Real Estate Investing
Investing in real estate is one of the greatest ways to spend your hard-earned savings. Although some people might tell you that you have just doomed yourself by doing such a move, many experts would probably applaud and praise you for your decision. It is because according to them, now is the perfect time to try real estate investing. Because of the recent housing bubble and the ongoing economic recession, prices of real estate have gone down significantly.
Although such a scenario paints an ugly picture of the country’s current financial status, it provides real estate investors with the opportunity to obtain great and nice-looking investment properties at very affordable prices. So if you want to get your hands on such lovely but inexpensive houses, then you should invest in real estate now. There are three common ways to invest in real estate.
The first method is by flipping houses. Flipping is the act of buying and quickly selling properties for profit. Real estate investors usually purchase undervalued houses before selling them at a slightly marked up price.
Contrary to what some people, believe, this type of real estate investing is not against the law.
Flipping is considered illegal only when it involves mortgage fraud or when an investor colludes with appraisers to inflate a property’s market value. As the name implies, rehabbing homes if the process of buying and fixing up a distressed house before selling it at a higher price.
While most rehabbers hire contractors to help them renovate a property, there are some who carry out the repair job on their own. Such a move, however, is considered risky by some investors because you can’t entirely be sure that the buyer will be satisfied with the amount of effort you put on the property’s repairs. The third method is to wholesale houses.
Wholesaling in the real estate business is basically the process of placing a property under contract and then selling the said contract to a third party.
According to many wholesalers, this type of real estate investing is risk-free. Because you’re not really buying a property, you don’t need to have cash on hand or obtain loans. Thus, you don’t have to worry about losing money in this business.
To become a successful real estate investor, meanwhile, you have to possess the right knowledge that could help boost your investing business.
Therefore, you should visit www.RehabList.com where you can learn valuable real estate investing tips and meet like-minded people.
Although such a scenario paints an ugly picture of the country’s current financial status, it provides real estate investors with the opportunity to obtain great and nice-looking investment properties at very affordable prices. So if you want to get your hands on such lovely but inexpensive houses, then you should invest in real estate now. There are three common ways to invest in real estate.
The first method is by flipping houses. Flipping is the act of buying and quickly selling properties for profit. Real estate investors usually purchase undervalued houses before selling them at a slightly marked up price.
Contrary to what some people, believe, this type of real estate investing is not against the law.
Flipping is considered illegal only when it involves mortgage fraud or when an investor colludes with appraisers to inflate a property’s market value. As the name implies, rehabbing homes if the process of buying and fixing up a distressed house before selling it at a higher price.
While most rehabbers hire contractors to help them renovate a property, there are some who carry out the repair job on their own. Such a move, however, is considered risky by some investors because you can’t entirely be sure that the buyer will be satisfied with the amount of effort you put on the property’s repairs. The third method is to wholesale houses.
Wholesaling in the real estate business is basically the process of placing a property under contract and then selling the said contract to a third party.
According to many wholesalers, this type of real estate investing is risk-free. Because you’re not really buying a property, you don’t need to have cash on hand or obtain loans. Thus, you don’t have to worry about losing money in this business.
To become a successful real estate investor, meanwhile, you have to possess the right knowledge that could help boost your investing business.
Therefore, you should visit www.RehabList.com where you can learn valuable real estate investing tips and meet like-minded people.
The House Rehabber And Seller Rendezvous
The Internet has become a powerful tool for those in real estate investing. A rehabber can now search for properties to flip online. A home owner, meanwhile, can find buyers for his property online. Perhaps we could say that cyberspace has become a rendezvous for those looking for houses to flip and those who have properties to offer.
However convenient it may seem, searching for properties online regularly can also be tedious, especially for full time investors. After finding a fixer upper home from one area today, you must search again the net again tomorrow for the latest properties available. You could spare yourself from all this hassle if only there was a website that serves as a meeting place for house buyers and sellers, one where you will be regularly supplied with the list of the freshest properties for sale. Watch the confetti fall and party poppers explode because actually there is one kind of site.
For those who have been living in a cave, RehabList.com is the rendezvous of a rehabber and an owner who wants to sell a fixer upper. Whether you’re looking for fixer upper or selling one, you don’t need to go elsewhere on the net. Rehab List is visited by scores of fixer upper buyers every single day. Buyers know that the website offers free advertisement of properties. This free service draws sellers to the site. To advertise your property online for free, simply create a log in account. This account will also grant you access to other services offered by the website.
Rehab List serves as a rendezvous for those looking for funds for rehab projects and those who give out loans. Just go to the website and you’ll find a link for those looking for hard money loans, a popular kind of financing in the real estate investing world. Another link is for hard money lenders who want to find more borrowers.
The website is actually a program that was formed to bring together the wholesale finders of single family homes in need of repair, realtors, independent “finders or birddogs,” and home sellers with the rehabber. Here is where everybody involved in the real estate investing cycle will find something useful for their respective fields. It promises to provide information that can boost one’s real estate investing career. Those who have no idea about real estate investing can familiarize themselves with the rewarding business through the website’s Learning Center.
Just click articles and you will find useful pieces on hard money financing, flipping houses, and negotiating like a professional, among others. Visit RehabList.com today!
However convenient it may seem, searching for properties online regularly can also be tedious, especially for full time investors. After finding a fixer upper home from one area today, you must search again the net again tomorrow for the latest properties available. You could spare yourself from all this hassle if only there was a website that serves as a meeting place for house buyers and sellers, one where you will be regularly supplied with the list of the freshest properties for sale. Watch the confetti fall and party poppers explode because actually there is one kind of site.
For those who have been living in a cave, RehabList.com is the rendezvous of a rehabber and an owner who wants to sell a fixer upper. Whether you’re looking for fixer upper or selling one, you don’t need to go elsewhere on the net. Rehab List is visited by scores of fixer upper buyers every single day. Buyers know that the website offers free advertisement of properties. This free service draws sellers to the site. To advertise your property online for free, simply create a log in account. This account will also grant you access to other services offered by the website.
Rehab List serves as a rendezvous for those looking for funds for rehab projects and those who give out loans. Just go to the website and you’ll find a link for those looking for hard money loans, a popular kind of financing in the real estate investing world. Another link is for hard money lenders who want to find more borrowers.
The website is actually a program that was formed to bring together the wholesale finders of single family homes in need of repair, realtors, independent “finders or birddogs,” and home sellers with the rehabber. Here is where everybody involved in the real estate investing cycle will find something useful for their respective fields. It promises to provide information that can boost one’s real estate investing career. Those who have no idea about real estate investing can familiarize themselves with the rewarding business through the website’s Learning Center.
Just click articles and you will find useful pieces on hard money financing, flipping houses, and negotiating like a professional, among others. Visit RehabList.com today!
Searching Investment Properties The Easy Way
Finding investment properties at a time a lot of people are discovering real estate investing can be a headache. The competition among veteran and neophyte real estate investors is heating up. And to be able to beat competition, you must always be first when finding investment properties. Here are some tips that will help you search houses faster:
Drive around the area where you want to buy properties. Many owners cannot afford to advertise their properties. That is why they simply put up “for sale” signs in front of the property. Despite the presence of other forms of advertising, some people still prefer this old method of selling houses. Apart from “for sale” signs, you should also be on the lookout for abandoned properties. If you see one, inquire about it and chances are it is being sold at a bargain price.
Let someone do the work for you. You can offer a “finder’s fee” for other people who will then scour the area for possible investment properties. There are people who actually scout properties for a living.
Check newspaper advertisements from a few weeks ago. Call the numbers to see if the properties are still available. If they are, chances are these properties are now cheaper since they were first put up for advertising. You can also try calling old “for rent” ads. If those properties are still vacant, the landlord might consider their sale. This is another chance to score a quality but cheap property.
Advertise yourself. If you can’t find properties for sale in the local paper then let sellers find you. Advertise your contact number in the classified ads. This will probably generate a few calls. The better way of advertising, however, is online. Websites that are frequently visited by house sellers offer online advertisements. While such ads are expensive, there are websites that offer this service for free. Among them is RehabList.com. Rehab List is already considered an authority when it comes to real estate investing and is visited by scores of house buyers and sellers everyday.
To gain access to all free Rehab List services, including the online advertisement, all you need to do is create a log-in account. Whether a buyer or a seller, you will surely benefit from the free services, which also include free listings of investment properties via email. Finding investment properties can be hard or easy depending on what method you use. You can either find properties through Rehab List or try your luck using old school methods.
Drive around the area where you want to buy properties. Many owners cannot afford to advertise their properties. That is why they simply put up “for sale” signs in front of the property. Despite the presence of other forms of advertising, some people still prefer this old method of selling houses. Apart from “for sale” signs, you should also be on the lookout for abandoned properties. If you see one, inquire about it and chances are it is being sold at a bargain price.
Let someone do the work for you. You can offer a “finder’s fee” for other people who will then scour the area for possible investment properties. There are people who actually scout properties for a living.
Check newspaper advertisements from a few weeks ago. Call the numbers to see if the properties are still available. If they are, chances are these properties are now cheaper since they were first put up for advertising. You can also try calling old “for rent” ads. If those properties are still vacant, the landlord might consider their sale. This is another chance to score a quality but cheap property.
Advertise yourself. If you can’t find properties for sale in the local paper then let sellers find you. Advertise your contact number in the classified ads. This will probably generate a few calls. The better way of advertising, however, is online. Websites that are frequently visited by house sellers offer online advertisements. While such ads are expensive, there are websites that offer this service for free. Among them is RehabList.com. Rehab List is already considered an authority when it comes to real estate investing and is visited by scores of house buyers and sellers everyday.
To gain access to all free Rehab List services, including the online advertisement, all you need to do is create a log-in account. Whether a buyer or a seller, you will surely benefit from the free services, which also include free listings of investment properties via email. Finding investment properties can be hard or easy depending on what method you use. You can either find properties through Rehab List or try your luck using old school methods.
Inspecting Fixer Uppers Set For Rehabbing
If there’s a phase of rehabbing that you must be vary careful in, it’s during the inspection stage. This is where you check the property and ask yourself, “Will I reap profits from this house after I repair and sell it?” Some rehabbers even hire professional inspectors because they do not want to make a mistake during this stage.
In time, you will learn how to determine the profitability of a fixer upper home. You will develop this skill after a few rehabs but for beginners, here are some tips you might find useful. Remember, it wouldn’t hurt to know more when it comes to rehabbing houses. You can more information about this at RehabList.com. Just go to the Learning Center section of Rehab List and click articles. On to the tips:
Always be on the lookout for certain damages. When you buy a fixer upper, it is given that it needs repair. That’s the main reason why it’s called a fixer upper and why it is undervalued in the first place. But there are damages you must look out for as they can spoil your chances of raking home earning profits. These are called “structural repairs,” or repairs that are major and very expensive.
An example of a major repair that can wash away your dreams of huge rehabbing profits is the roof. If you aren’t too good at examining a house’s crowning glory, make sure you hire a professional. Don’t be shy to ask about how old the roof has been in place. A roof normally stays okay for around 20 years, depending of course on the material used. For example, a roof made from shingles must not be patched more than thrice. If it has undergone more than three patch-overs, then be wary. You might have to replace the whole roof and that will cost you a fortune.
The soil toxicity in the surroundings of the home is another major problem. So as a precaution, get the house’s engineering report from local authorities. The report will also tell you whether the property has been contaminated by mold. Mold equals expensive treatment.
If you know what to avoid, then you must know what to look for as well. Look for fixer upper homes that need only cosmetic repairs. Rehab List defines these are minor repairs that can boost a property’s value. Landscaping the yard, applying a new coat of paint, and replacing old lighting fixtures are examples of cosmetic repairs.
Learn more about rehabbing at Rehab List. It’s also where you’ll meet veteran and seasoned rehabbers, sellers, and even money lenders. Rehab List is the meeting place of everybody involved in the real estate business.
In time, you will learn how to determine the profitability of a fixer upper home. You will develop this skill after a few rehabs but for beginners, here are some tips you might find useful. Remember, it wouldn’t hurt to know more when it comes to rehabbing houses. You can more information about this at RehabList.com. Just go to the Learning Center section of Rehab List and click articles. On to the tips:
Always be on the lookout for certain damages. When you buy a fixer upper, it is given that it needs repair. That’s the main reason why it’s called a fixer upper and why it is undervalued in the first place. But there are damages you must look out for as they can spoil your chances of raking home earning profits. These are called “structural repairs,” or repairs that are major and very expensive.
An example of a major repair that can wash away your dreams of huge rehabbing profits is the roof. If you aren’t too good at examining a house’s crowning glory, make sure you hire a professional. Don’t be shy to ask about how old the roof has been in place. A roof normally stays okay for around 20 years, depending of course on the material used. For example, a roof made from shingles must not be patched more than thrice. If it has undergone more than three patch-overs, then be wary. You might have to replace the whole roof and that will cost you a fortune.
The soil toxicity in the surroundings of the home is another major problem. So as a precaution, get the house’s engineering report from local authorities. The report will also tell you whether the property has been contaminated by mold. Mold equals expensive treatment.
If you know what to avoid, then you must know what to look for as well. Look for fixer upper homes that need only cosmetic repairs. Rehab List defines these are minor repairs that can boost a property’s value. Landscaping the yard, applying a new coat of paint, and replacing old lighting fixtures are examples of cosmetic repairs.
Learn more about rehabbing at Rehab List. It’s also where you’ll meet veteran and seasoned rehabbers, sellers, and even money lenders. Rehab List is the meeting place of everybody involved in the real estate business.
How to Wholesale Houses
If you are considering a change of career, you might want to consider becoming a real estate investor. Investing in real estate is one of the surest ways to earn big profits and recent data showed that unlike in other key industries, there is still big money to be made in the housing business despite the ongoing economic downturn.
One of the fastest ways to rack up big profits in the real estate industry is by wholesaling houses. This type of real estate investing involves the process of placing a property under contract and then assigning the said contract to another buyer. A wholesaler basically serves as a middleman between a home seller and a buyer because he is the one who facilitates the transfer of the property from one person to the other.
The first task of a wholesaler is to find houses that he will put under contract. A good source of such properties is a motivated home seller. According to real estate experts, motivated home sellers are those people who are in need of quick cash and are willing to sell their properties at very low prices. It is because they are in a hurry to get rid of their properties because of a number of reasons that may include divorce, relocation to a new city or county, or financial problems.
Once the negotiations with a motivated home seller are complete, the next phase of wholesaling houses is finding end buyers. Because of recent technology, searching for end buyers is relatively easy nowadays. A wholesaler can easily find the person who will buy the contract by posting an ad on the Internet or running an advertisement on the local newspaper.
Joining a real estate investing club can help, too. By interacting with numerous people of the same profession, a wholesaler can get recommendations or leads to investors who might be looking for investment properties that they could flip or rehab.
One of the most important things that a wholesaler should remember before closing a deal is that he should always check if the buyer is really capable of closing the transaction. Because it is his name that’s on the line, a wholesaler has to make sure that the motivated home seller will get what he or she is hoping for. Therefore, he should verify the buyer’s source of income or conduct a simple credit check.
If you’re looking for a lucrative way to earn money, then you should try wholesaling. An investor usually earns between $5,000 and $20,000 at the end of every wholesaling deal. In addition, he doesn’t have to spend thousands of money just to start in this business because he is not technically buying investment properties. Thus, being a wholesaler is a great way to earn big bucks because it can give you a lot of great opportunities without exposing you to big financial risks.
Meanwhile, if you want to learn more wholesaling secrets and tips, visit www.RehabList.com.
One of the fastest ways to rack up big profits in the real estate industry is by wholesaling houses. This type of real estate investing involves the process of placing a property under contract and then assigning the said contract to another buyer. A wholesaler basically serves as a middleman between a home seller and a buyer because he is the one who facilitates the transfer of the property from one person to the other.
The first task of a wholesaler is to find houses that he will put under contract. A good source of such properties is a motivated home seller. According to real estate experts, motivated home sellers are those people who are in need of quick cash and are willing to sell their properties at very low prices. It is because they are in a hurry to get rid of their properties because of a number of reasons that may include divorce, relocation to a new city or county, or financial problems.
Once the negotiations with a motivated home seller are complete, the next phase of wholesaling houses is finding end buyers. Because of recent technology, searching for end buyers is relatively easy nowadays. A wholesaler can easily find the person who will buy the contract by posting an ad on the Internet or running an advertisement on the local newspaper.
Joining a real estate investing club can help, too. By interacting with numerous people of the same profession, a wholesaler can get recommendations or leads to investors who might be looking for investment properties that they could flip or rehab.
One of the most important things that a wholesaler should remember before closing a deal is that he should always check if the buyer is really capable of closing the transaction. Because it is his name that’s on the line, a wholesaler has to make sure that the motivated home seller will get what he or she is hoping for. Therefore, he should verify the buyer’s source of income or conduct a simple credit check.
If you’re looking for a lucrative way to earn money, then you should try wholesaling. An investor usually earns between $5,000 and $20,000 at the end of every wholesaling deal. In addition, he doesn’t have to spend thousands of money just to start in this business because he is not technically buying investment properties. Thus, being a wholesaler is a great way to earn big bucks because it can give you a lot of great opportunities without exposing you to big financial risks.
Meanwhile, if you want to learn more wholesaling secrets and tips, visit www.RehabList.com.
Wednesday, November 4, 2009
Real Estate Investing Battle Royale: Wholesaling Vs. Flipping
Real estate investing has been a popular business for many in the United States. There are many methods that investors can concentrate on. However, there are two methods that are more common; flipping and wholesaling. In the past years, flipping has become a leading trend when it comes to real estate investing because of the numerous exposures (i.e. reality shows) it has. However, wholesaling has also become popular. Both methods are almost the same but have some differences too.
Flipping houses is buying a property at a very low price and then quickly reselling it for a higher price. The basic principle is: buy low, sell high. In flipping, you buy a house that needs repair and then you fix it and sell it for a higher profit. This method requires a lot of work and time but yields a bigger profit in the end.
On the other hand, wholesaling is acquiring a contract from a seller of a property then assigning the said contract to a buyer. In essence, wholesalers do not actually buy the house, but only the contract. This method only requires a shorter period of time to process. Having a lot of properties to sell can give a wholesaler huge profits. And since a wholesaler does not buy the property, a loan or large amount of money is not needed.
In the end it all boils down on what method will fit you best. Both methods can yield huge profits. It’s up to you which will work best depending on your preferences. If you enjoy redecorating houses and working out your muscles, then flipping houses may be good for you. If you’re more talented in negotiating and persuading, then you might have a future in wholesaling.
Whichever method you choose, be sure to do thorough research on it. To know more about wholesaling and flipping houses, visit Rehablist.com today. The site contains information on the basics and methods of real estate investing. By visiting the site, you can have access to the different tools in real state investing.
Flipping houses is buying a property at a very low price and then quickly reselling it for a higher price. The basic principle is: buy low, sell high. In flipping, you buy a house that needs repair and then you fix it and sell it for a higher profit. This method requires a lot of work and time but yields a bigger profit in the end.
On the other hand, wholesaling is acquiring a contract from a seller of a property then assigning the said contract to a buyer. In essence, wholesalers do not actually buy the house, but only the contract. This method only requires a shorter period of time to process. Having a lot of properties to sell can give a wholesaler huge profits. And since a wholesaler does not buy the property, a loan or large amount of money is not needed.
In the end it all boils down on what method will fit you best. Both methods can yield huge profits. It’s up to you which will work best depending on your preferences. If you enjoy redecorating houses and working out your muscles, then flipping houses may be good for you. If you’re more talented in negotiating and persuading, then you might have a future in wholesaling.
Whichever method you choose, be sure to do thorough research on it. To know more about wholesaling and flipping houses, visit Rehablist.com today. The site contains information on the basics and methods of real estate investing. By visiting the site, you can have access to the different tools in real state investing.
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