We Buy Houses
Foreclosure
It's no secret that the foreclosure market is at an all time high. It seems as though more and more properties continue to face foreclosure on a weekly basis. Because of the increased volume over the past few years, the opportunities for investing in real estate foreclosures are tremendous.Real estate investing has been taken to a new level as more and more investment opportunities arise. Therefore, it's important to have the right knowledge and connections when these real estate investment opportunities present themselves.
Investment Property
Take the next few minutes to learn the truth about the real estate market, how it compares to other methods of building assets and why it is such a lucrative form of investing. Many potential investors will say, 'I need to get into the Florida Investment Property market', especially taking into account current stock market fluctuations and the HOT market for investment properties, but simply don't know the facts about Orlando property investing and how to use sale and leaseback method of property management.
Private Sellers
Private sellers, victims of the sub-prime mortgage debacle, here is a perfect opportunity to offer your realistically priced home or property to serious investors and wholesalers. Never before has there been an event where the public can display their property for sale to the “real estate industry wholesalers” and public without a contract or costly fees. You won’t want to miss this truly unique opportunity!
Short Sales
There are very few investors who truly know how to successfully negotiate a Short Sale. We find that most investors have the perception that all that is necessary is to submit an offer and wait for the bank to give you an answer. If all goes well the offer will be accepted but in many cases it’s not that simple. That’s why a strategic plan is necessary. A strategic plan means making the deal happen by persuading the lender to agree with your offer.
First of all, you must be able to ascertain if you truly have a short sale deal on your hands. Many investors are under the misconception that every homeowner facing foreclosure is a good short sale candidate. This is simply not true. Not all deals are good short sale opportunities. You’ll have to analyze the deal and develop an excellent plan of attack if you want to truly master the art of the Short Sale.
Second, you must not take no for an answer. No can never be the final chapter to your negotiation. If the lender says no you must ask yourself why. There must be a reason. Why did they say no? Is there anyone else I can speak with? Was my offer to low? How does the lender determine their bottom dollar? What else can I do? What was the BPO amount? These are just a few of the questions that need to be addressed each time you are met with some resistance from the lender.
Remember, the next time you are putting together a short sale offer, be prepared and take control of the deal. Never take NO for an answer. Be proactive not reactive. Don’t just submit offers without having a game plan. Do yourself a favor and take advantage of the opportunity to make lots of money in an industry where great deals are hard to come by.
Be Careful To Not Over Rehab an Investment Property
It is very easy as a new real estate investor to over rehab a property. The question is will you actually get more money out of the property? And the answer to that is possibly. It really depends on who you have bidding on the property that you remodeled. A sophisticated buyer will recognize all the high value improvements that you have done and pay accordingly. However the unsophisticated buyer will not see the value and will also pay accordingly. There is a fine line between throwing money away and making a good purchase that actually adds value to the property you are trying to renovate.
About Rehabbing
There are many formulas used for the successful purchase of a rehab project. It's important to use one. There must always be a comfortable cushion between the purchase price and the selling price of investment property. This cushion price will help you achieve a successful investment, even if you have repair cost over-runs, or hold on to the property longer than anticipated. Every day that the property is not sold or rented comes right off your bottom line. The interest, taxes, insurance, and utility bills compound each day. Buying the property at the right price will protect you.
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The Foreclosures EXPO
Freephone: 321 281 9462
FAX: 407 612 6256
E-mail: info@foreclosuresexpo.com