Judson Voss

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You’ve found a great real estate investment to purchase, signed on with the homeowners and gotten all of your information in order. All that’s needed is to approach the bank with a short sale offer and close the deal right? Maybe not.nnThere is an art to negotiation in the real estate investment industry. Negotiating a short sale isn’t simply approaching the bank with your packet of paperwork and your best offer to close the deal. nnYou’ll need to endure at least two

April 9, 2008

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Many real estate investors will think about becoming a landlord, with your own rental property, from time to time. It seems like an easy way to bring in a regular monthly income on a long-term basis. Plus, you don’t have to spend a lot of time each week looking for new properties to invest in. nnHowever, a lot of investors will caution you to avoid the tenant business. It’s got a lot of drawbacks and can actually raise your blood pressure!nnHolding Costs are High!nWhen yo

April 9, 2008

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Want the easiest way to bring in lease tenants when leasing a property? Put an ad in the paper! Getting a lease tenant is just the same as getting a rental property tenant. You can place an ad in the papers saying property for lease and giving your phone number.nnA lot of real estate investors forget that the goal of an ad is to get a phone call. You’ll notice this in the ads of investors with 6 or 7 lines of text that describe the property. Those are trying to sell the pro

April 7, 2008

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You’ve had your open house for that available lease rental property and you’ve gotten 3 or 4 good applications from people interested in leasing that property. Now, how do you choose the right tenant for your property?nnKnow What Kind of Tenants You are AttractingnOne thing to understand with lease purchases in real estate investment is that you are dealing with potential lessees who can’t quite get into a home mortgage. Many will have bad credit, lost jobs or even lost

April 7, 2008

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We love the ugly and awful.n~Andy HellernnThere are all kinds in real estate investment. All kinds of real estate investors, all kinds of deals and all kinds of property to make a deal on. You’ll definitely find that having all kinds in this business makes for a great amount of variety and plenty of opportunity for earning profits.nnThere are three basic ways to make a profitable deal in the real estate investment industry.nn1. Pick up a Pre-Foreclosuren2. Pick up a Propert

April 7, 2008

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A lot of people are interested in real estate investment, but they also live out west in very expensive areas. These are places where the average family style ranch may cost up to half a million dollars and the cost of living is very high. The tendency for these potential real estate investors is to say; sure this works for people in cheaper areas of the country but the market here is so expensive it’s just not worth our while. nnIt is very possible to make a return on your

April 7, 2008

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Property investment is a numbers business. As a real estate investor you’ll need to pay close attention to your numbers when purchasing a property in order to make money. Every investor develops their own basic plan for purchasing property to make a profit. nnThose just starting out can get confused with all the suggested rates of return that you need to aim for, but each property purchase needs its own specific discount for you to make a good profit. nnStart with the Minim

March 27, 2008

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As a successful real estate investor, you need to first set yourself up with good deals, and then secure financing for your deals, and finally you also have to have a solid exit strategy for those properties you ultimately purchase and plan to re-sell. One of the best exit strategies, and one many new real estate investors don’t often think of, is using a real estate auction.nnUsing a real estate auction as an exit strategy can work very well for a number of reasons. By off

March 27, 2008

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When you speak with seasoned real estate investors you often find that a large percentage of them do not ever invest in raw land. Typically newer real estate investors purchase single family homes to flip, rent out, or sell wholesale to a rehabber. Those investors who have been in the business for a longer time often have ventured out into dealing in multi-family homes and apartment buildings to help beef up their investment portfolio. However, investing in raw land can be ve

March 27, 2008

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Many real estate investors choose to purchase properties which are in need of some repair. Some take on the repairs themselves, while others sell the home with a discount to someone else who will happily deal with the repairs themselves. Whichever option you choose, it is imperative to know how to figure out what the repair costs involved in a property will be, before you ever agree to a purchase price. nnWhen you are walking through a property you are considering for purchas

March 17, 2008

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Buying a property, holding onto it, and then selling it at a later date for profit generally puts you, the real estate investor, in the undesirable seat of being a landlord. However, if you want to buy and hold properties, without ever having to deal with tenant or home maintenance and repair issues, there is a great alternative – the lease-to-own option. nnWith a lease-to-own option you lease your property to someone who at a later date plans on purchasing it from you. Gen

March 17, 2008

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The first reaction to most people when you tell them that you are a real estate investor is to look at you with a bit of suspicion and wonder. They wonder if “real estate investor” really means “freelancer” or “doesn’t really have a job.” Then, once they realize that you really do have a profitable business venture going, they start to wonder what exactly it is that you do and how you know how to do it. nnWith your friends and family it’s fine for them to wond

March 17, 2008