Here’s a real estate “trick” that might seem confusing, yet when you dig into it, you’ll realize a whole new world of opportunities — and money-making. Are you ready? When you’re looking for a good piece of investment real estate, look for and buy the worst house in the best neighborhood. Read that again. Ask […]
Earning finder fees is both fun and rewarding. In this special IW$ article, we’re going to concentrate on the latter: making finder fees more rewarding. As in you making more money! So, how exactly do you earn more money with finder fees? Here are a few key elements you should consider for the “big bucks.” […]
The biggest challenge for real estate BWBs (Beginning Wealth Builders) is the down payment needed for their first property. So if a BWB starts with a low-cost property (say $50,000–not $5-million), it’s much easier to borrow the down payment. For instance, if you need 10% down, that’s $5,000 for the $50,000 property, but $500,000 for […]
A REIT–REAL ESTATE INVESTMENT TRUST — can be your source of money for real estate to: REITs OF ALL TYPES ARE HIGHLY POPULAR TODAY. People feel safer with REITs than they do with the stock market. Why? Because the value — namely the real estate — is always there! It doesn’t go away, like a company […]
MANY BWBS SEEK TO BORROW MORE MONEY THAN THEY NEED to take over, start, or buy real-estate ventures which interest them. Let’s see how you can do exactly this for a condo (condominium) you want to speculate on. Here’s what you do: Here’s what can happen to typical condo prices: Price at Start of Construction […]
Lease options on Single-Family Homes (SFH) offer a lucrative real estate income strategy by renting with the choice to buy, requiring initial security deposits that cover down payments. Amassing a portfolio of SFHs in a localized area and focusing on financials enhances profitability. Start with SFHs for market size, low-cost entry, easy financing, no credit checks, and quick returns. Begin by sourcing SFH foreclosures through local clerks and scaling your investments.
THE HUD HOME STORE at hudhomestore.com is the listing site for HUD (U.S. Department of Housing and Urban Development) real estate owned (REO) single-family properties. AN REO PROPERTY IS REAL ESTATE OWNED BY A LENDER, usually a bank (or in this case, HUD), after an unsuccessful sale at a foreclosure auction. Most of these properties […]
Over sixty active LinkedIn groups exist for real estate professionals seeking to expand their knowledge and networks. Membership is free, providing a wealth of resources such as social media networking, new deal leads, and industry news. Additional social benefits include linking to other social platforms to grow connections further. To join, simply click “Join” on the desired group’s page.
Today’s “Get Rich in Real Estate” seminars focus on foreclosures and variants like probate properties, repo homes, and ‘ugly houses,’ with emphasis on getting early information and flipping for profit. There’s growing availability of foreclosure properties and many online sources provide listings and auctions, along with necessary how-to guides and state-specific rules. These sources offer comprehensive databases, and some promise significant discounts on bank-owned properties. It’s crucial to inspect these homes thoroughly and understand the varying foreclosure laws by state.
P2P lending allows individuals to borrow and lend money directly online, bypassing traditional financial institutions. It offers benefits such as lower interest rates, quick funding access, and the potential for lenders to earn returns of 7-14%. Borrowers can secure loans without collateral, often for varied personal uses. As the practice grows, both parties are advised to understand the associated risks and regulations. Popular P2P lending companies and crowdfunding websites operate globally, providing platforms for these financial transactions.