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 […]
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 […]
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 […]
If you attend a “get rich in real estate” seminar today, chances are good it will cover one or more of these topics, all related to foreclosured properties: THE KEY TO FINDING GREAT FORECLOSURE real estate deals is to get early, inside-track information on properties available for purchase. When you can find such properties before […]
CONSTRUCTION LOANS ARE AVAILABLE in the United States, Canada, and worldwide for all types of real estate, including: CONSTRUCTION LOANS GENERALLY DON’T COME IN NEAT, standardized packages like conventional mortgage loans which are structured according to strict government regulations. FOR RESIDENTIAL PROPERTIES IN THE U.S., certain parameters relating to construction or renovation of a property being acquired […]
