Thursday, June 12, 2014

Tips For Buying and Selling Real Estate For Profit

Real estate investing is a great money-making venture. People can earn a lot of money from it whether they choose to sell or rent out a property. Sure real estate investing is not for the faint hearted and definitely not for the fearful. However, it is a great way to make a fortune and ultimately retire with a lot of money.
As a real estate investor for more than a decade, I had my fair share of ups and downs as well as triumphs and failures. Who hasn't? One thing is certain though, and that is, entering the real estate business is truly worth it and is something that I will never regret. Real estate investing is a lucrative career where you can earn a lot of money in various ways. Thus, here are some tips for buying and selling real estate so you too can make profits the same way that I have.
· Choose location over looks when buying a property. One common mistake of most investors is when they decide to forego a shabby property in a superb location in favor of one that looks good in a remote area. You can always make an ugly property look good while you can't do anything about a property in a bad location. Bear in mind that it's easier to market real estate in a prime neighborhood than one that's situated in an inconvenient location.
· Hold on to your property when the market is low. Instead of selling the house and lose money, just hold on to your property when houses are selling cheap. You can still earn continuous rental income from it and still have a tangible piece of property than you can sell at some point in the future.
· Offer more benefits to your real estate agent. When a property has been sitting in the market for too long, try increasing the sales commission of your agent instead of lowering the price of the property. You'll be surprised at how this can get your property sold quickly in the market. You can also offer your agent a free trip to the Bahamas if he sells one particular piece of property. Think creatively on how you can entice your agent to make a sale.
· Buy low and sell high. For you to be able to do this, you need to search for below-market investment opportunities. These may not always be out in the open so you really need to do your research with this one. Find motivated sellers or people who need to sell their houses badly in exchange for fast cash. A homeowner who needs to relocate to a different state is one motivated seller, as well as a homeowner who's having a divorce. Death in the family, job relocation, and a huge debt burden are some factors that bring about motivated sellers.
· Do house flipping. Buy a house, renovate it, and then sell it for profits. Many real estate investors are into house flipping as roughly $25,000 can be earned with one house flipping project. However, time is of the essence with this type of buying and selling in real estate. A property that is being fixed for too long no longer becomes profitable as well as one that isn't sold quickly once the renovations are done.
The art of buying and selling real estate may not be easy but hard work pays off once the profits come in. Use the above tips to help your career as a real estate investor and start earning money. Let the strategies I use help you make a fortune and truly become successful in the buying and selling of properties.
Jackie Lange has been a successful real estate investor for two decades and focuses on risk-free ways to make money. Learn how you can too... get the free mini-online video seminar, "Twelve Step Road to Riches" at http://www.cashflowdepot.com.

Article Source: http://EzineArticles.com/7508932

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How to Buy and Sell Real Estate Notes - On Cash For Keys

How to Buy and Sell Real Estate Notes
I think this information will be of value to you, so read along and pay close attention.
Assuming there are no Junior Lien Holders...
In CA, I could find buyers willing to pay 75% of market value for an REO.
In CA, I could roughly buy non-performing notes aka real estate notes for 50% of market value.
So the act of taking a property to sale, and eliminating primarily the BK risk, is worth a full 25% of the homes value.
Always keep this in mind when you're buying and selling real estate notes!
How to Buyand Sell Real Estate Notes - Example
So, let me go through some numbers:
$100,000 homes market value
$150,000 1st mortgage (the real estate note)
$50,000 purchase price
How much money should I offer the Homeowner in a Cash for Keys offer?
Well, lets say we offered $15,000. What would the yield be on that investment, assuming the homeowner accepted, and we took 4 months from purchase of the non performing note to sale of REO?
The answer would be 45%.
You spent $50,000 to buy the real estate note, and another $15,000 to get the deed, and you sold the house for $75,000 in 1/3 of a year, so take the yield and multiply it roughly by 3 to get the annualized return.
How to Buy and Sell Real Estate Notes - A Time Saver
I should be justified paying up to 15% of the homes value, in order to transform my Deed of Trust into a Deed. The time savings is substantial, and the net impact on yield is significant.
So before you skimp on the Cash for Keys offer and think "No way borrower, you don't deserve a penny!"... run some numbers on the impact that having the Deed could afford you today!
Be your success & go out there and TAKE ACTION!
Interested in learning more about the Bank Note Business? Watch Hours of FREE Training Videos here: Buying Notes
Real-life, Up-to-Date Information for You. Visit NoteBuyingProfits.com or Call 718-783-7605 Or Click Here: Selling Notes [http://www.notebuyingprofits.com/closingdefaultedmortgages.html]
From Dean Engle & NoteBuyingProfits.com - This time on How to Buy and Sell Real Estate Notes

Article Source: http://EzineArticles.com/2090267


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