Insurance for Real Estate Investors by Kay Deshall

To start a business in real estate investing you will need certain things to help with your investing. First of all you absolutely must have a legal advise because in this business it is almost guaranteeed that you will run into legal problems or have legal questions that need to be answered quickly. Don't worry there is a simple resolution for this problem.

Get a membership with pre-paid legal for a very low rate and get set up with a lawyer in your area that will be available to answer your questions any time. The paln has no long-term contracts and is very affordable, you pay month to month. There are also extra perks that come with the package for a monthly fee including getting your will and testament prepared, free legal forms, free tax dvice, free financial advice and incorporation services for your business. Send an email with your name and contact information to support@discoverforeclosurefortune and you will receive an email back with a more detailed desription of pre-paid legas services and all the info you need to get started with a pre paid legal membership. In the subject box type pre paid legal info request.

For more info on how to get started in the real estate business go to http://www.discoverforeclosurfortune.com

The One Tool You Must Use in order to be Successful in real estate Investing by Kay Deshall

You wouldn't open up a new retail business selling clothes without having a full business plan in place first. The same way a retail business creates an advertising plan to assess their business needs and plan is the same reason real estate investors need to create one. It allows you to clearly state short-term goals, it helps you map out the things you need to do to stay on track and achieve this goal. It also allows you to set deadlines so everything gets done, and helps you concentrate on high paying activities like making offers on great deals.

Analyze where you are getting your deals from. By using a more precise targeting strategy you can improve your closing ratio and meet your monthly goals faster. Your monthly plan should Include all of you goals to ensure your success.

With this information you can look at your current resources, look ahead, and adequately plan out what you want to have happen, as far as deals and goal money to make for that month. For example, let's say you bring in around $20,000 per month and your average deal gives you $5,000. That's 4 deals per month and you net fifty percent of your gross after expenses ($10,000). If you want to double your net income next month you will need to do twice as many deals to meet your goal of $40,000 net in one month.

Most people fail in real estate because they don't have a master plan and goals. An investor should have a detailed plan of what they want to do, what they want to accomplish, and exactly how they will go about achieving this success. Examine your current numbers, more than 75% of all real estate entrepreneurs know how many houses they are buying each month, but they don't even know where those houses came from and how many leads they had to process to develop them into the single deal. This is a golden rule. You should know; The total leads that call each week as well as where those leads come from. Know how many "qualified" seller prospects you get each month. The ratio of total vs qualified, the number of deals you have closed, as well as the ratio of closed deals to qualified leads (from each lead source). And last how much you make from each seller vs how much it cost you to acquire a new seller.

For more detailed instructions and guiding on how to be more successful in real estate go to http://www.discoverforeclosurefortune.com

Hard Money Loans: The Best Way to Fund Your REI Business by Samantha Dawson

As a real estate investor, it is important to have someone who can back you up financially, especially if you are just starting out in the housing business. One way to obtain funds for your investing business is to approach banks, mortgage companies, and credit unions. But if you're not qualified to obtain a loan from these lending institutions, don't fret because there is still someone who's still willing to help you.

When it comes to securing funds for real estate investing or REI, the loan provide by hard money lenders is the best. Known as a hard money loan or HML, it is one of the most common types of creative financing. Unlike in traditional financing, hard money lenders verify a loan's eligibility according to the value of the property that serves as the collateral. If the property can attract a good deal, the lenders would likely approve the loan application. If you are a real estate investor who has a bad credit history, a hard money loan is the perfect solution to your problems. Because HMLs are asset-based, you don't have to worry about your low credit score as lenders do not basically care about them. As long as the investment property has high potential, the lender will give you the money you need. Aside from this, acquiring HMLs has a lot of advantages compared to traditional loans. Listed below are some of them:

* Because HML lenders do not care about a borrower's credit score, the loan approval time is shorter. You can obtain the funds you need in just a matter of days, not weeks or months.

* You don't have to produce documents and other credentials, as well as deal with a processing team, which is a common procedure in banks and other conventional lending institutions.

* You can acquire a property without spending a single dollar since there are instances that lenders provide 100% financing on some deals.

* Some HMLs cover a property's repair cost. However, one of the downsides of acquiring hard money loans is that HMLs have higher interest rates and origination fees, which are used to process a loan application. But the good news is that interest rates nowadays are relatively lower than in recent years. Because of the stiff competition, many lenders are forced to reduce their rates to attract clients.

Meanwhile, one of the best ways to find hard money lenders is to ask your fellow real estate investors for referrals. Since most of them have experience in working with these lenders, they can give you good leads. Asking settlement attorneys and titles companies for recommendations is a good alternative, too, since they are the ones who prepare loan documents for these individuals.

You can also log on to RehabHardMoney.com, a web site that brings dozens of hard money lenders and borrowers together. By registering with the site, it would be easier for a real estate investor like you to find someone who can provide funds for your business. Securing financing is safe, fast, and easy.

To learn more about hard money loans, visit www.RehabHardMoney.com.

Choosing The Right Real Estate Software by Tom Aarents

The statistic is amazing, 80% of the world’s millionaires have made their money by investing in real estate. While this is a true statement, there is a lot that these people did to become successful. Some started out with real estate as a hobby, but to truly succeed, you need to treat your real estate investments as a business. That includes using the right real estate software and investment tools to minimize your risk and ensure your success.

Regardless of whether you are a first time investor, or a seasoned professional, having the right investment analysis software can help you avoid the pitfalls that may not otherwise be visible. In the past years, because real estate was such a hot market, many investors skipped the analysis and just bought property. Sadly, now many of those investors have lost their life savings and their property to foreclosure. Having the right real estate investment software is crucial to minimizing your risk and maximizing your return when buying a property.

Additional Real Estate Business Tools

In addition to the right real estate investment software, you need the other business tools to help you succeed. Aside from financial analysis, you will need the programs that will help you track your revenue and expenses and help you to profit from your real estate investment. If you plan to purchase property and rent it out as part of your business, you will need tools to track rents. Conversely, if you plan to buy, rehabilitate and flip a property, construction management software may be a key component of your business. Regardless, of your real estate investment strategy, you need to have the right software to get the job done.

Before you decide to buy a specific real estate software, or even before you make your first investment, you need to establish your specific real estate investment goals. Will you be investing over the long term to capitalize on appreciation, are you looking for a tax write-off or are you planning to flip properties for short-term gain? By setting up your specific business and real estate investment goals, you can identify the tools and software programs that you will need to help you succeed in real estate.

Software is an important part of the real estate investment process. Although you can succeed by investing in property without using the analysis and tracking tools, your risks are much much higher. There are many small investors who have rolled the dice and profited by blindly buying investment property without any formal analysis. However, there are many more who could have avoided foreclosure simply by making a small investment in the financial analysis before making the investment.

What You Can Do So the Deals Come To You by Samantha Dawson

Flipping houses is not just about being a convincing speaker. It's more of knowing the freshest deals available in your area. If you're the first to know about a fixer upper being sold in your area, you'll be able to check it first - and buy and resell it too. But as competition among rehabbers, investors, and sometimes even owners of fixer uppers is serious, one should wonder: What could I do to be a cut above the rest?

Some people scratch their heads looking for answers. "Can I be the trailblazer by regularly checking local property records? Will it be possible if I knew a lot of homeowners in my county? Will it help if I pay 'informants' who will update me should a house be put for sale in a certain street?"

While all of the above may help, they may not have the same effect as subscribing to web sites that can "control" the flow of the local flipping houses market. Some web sites claim that they could make you the "gatekeeper" of properties ready for rehabbing and investing. One of them appears to indeed have the bragging rights.

RehabList.com, whose mission is "Turning old houses into new homes," describes itself as a vehicle that will tap you right into the middle of the investing action in your town. The web site promises to benefit wholesalers looking to sell more flips, rehabbers looking to find more deals easier, and those who are just getting started in real estate investing.

The system is simple: It gathers all of the real estate investors in a geographic area and allows them to sell to one another, communicate with, and teach each other the tricks of the trade. All available properties in a certain area are listed in a system, which other investors may be able to view. But here's the catch: You could become the official affiliate of RehabList.com in a specific area. If that happens, expect new life to be injected in your otherwise stale investing career.

As the official affiliate for your area, you will "tasked" to approve which properties will appear on the web site. Your approval is also a means of internal quality control and is a way to avoid the site from being abused by spammers.

As a local affiliate, you would be notified automatically of each and every new "pending" deal in your area. You must quickly assess if the deal will likely result in a profit once rehabbed and approve it to be e-mailed to investors in your area. All investors in your area who have a log-in account will be able to view all properties you approve. But take note, only after you approve them.

This puts you in the best position to choose which deals you should pursue and which you should leave to the rest of the pack. This not only makes you he leading investor in your area, it will also give you the reputation as the "Go To" guy when it comes to finding rehabs.

Top 5 Don'ts in Flipping Houses by Samantha Dawson

Flipping houses is simply the method of buying a property at a bargain price and then quickly reselling it a higher price. This method of real estate investing has become more popular in the United States recently. With several television shows covering house flippers, viewers get more and more curious about it. If you're about to enter the world of flipping houses, better equip yourself with things you shouldn't do.

1. Do not quit your job. This business does not require you to quit your job to do it for the rest of your life. Flipping can be done in your own time, at your own free will. Although, some investors do it full-time, if you're just starting out, better not quit your job first. You can attend to your business during the evenings or on the weekend.

2. Do not lose patience. Any business takes time. It's all about the timing. If you think you're not ready yet, you can still wait. Do not rush into flipping houses instantly by buying loads of houses. There will always be the right property and time for you to do business.

3. Do not do without proper research. Lack of knowledge is one of the things that can make you fail in flipping. Research about the areas you're going to flip in. Determine the buying trends of the people in the area. Identify what kind of houses sell and their prices.

4. Do not spend on things you do not need. If you do not need to spend on something, just don't do it. Think of more important matters to spend on. Sure, an expensive chandelier would look nice on the living room, but a new paint job might just do wonders on all parts of the house.

5. Do not overlook the outside appearance. Curb appeal is a very important factor when a buyer chose to buy a house. This might be too clichéd but, first impressions really last. If a buyer sees a non-presentable house on the outside, why would he even bother looking inside? Simply put, invest on beautifying the exteriors of the house, it'll do you good in the future.

The real estate market changes all the time. Be aware of the changes and be informed. Do not risk if it's not worth it. To know more about flipping houses, visit Rehablist.com. The site specializes on different real estate investing methods such as flipping, wholesaling, and rehabbing houses.

The Positive Effects of Flipping Houses by Samantha Dawson

Flipping houses has had a negative connotation since the real estate bubble a few years ago. Some experts blamed rehabbing houses for the bubble and unclear media reports also did not help. While many were reporting about mortgage fraud, a lot of viewers saw it as if flipping houses was illegal.

Years later and now that the country is in a recession, real estate investing is again picking up. Some still doubt whether rehabbing houses - which by the way is completely legal - is indeed legit. Authority web sites such as RehabList.com say there's nothing wrong with rehabbing houses. Yet will doubt RehabList and other sources, saying this form of investing brings only negative effects.

Among their arguments is that it is leading to an increase in the number of homes fixed by inexperienced rehabbers. The rise in the number of renovated houses is also likely result in an increase in the value of property and eventually in the cost of living in that area, they say.

From another perspective though, flipping houses can actually result in a chain reaction of positive effects for the community. First of all, it is true that an increase in the number of remodeled or renovated houses will raise the value of real estate property in a neighborhood. It could also lead to a higher cost of living. But that increase in expenses will be compensated by more funds for the local government and subsequently more projects for residents. How is this possible? Simple. Flipped or rehabbed houses will be get higher tax assessments and this will lead to more revenue for the local government from property taxes.

Based on what the police call the "broken window theory," the more houses flipped by rehabbers, the lower the crime rate will be in that area. Under the theory, a piece of broken widow in an abandoned property entices vandals to break more windows. Before residents know it, vandals have already broken into the house and started using it for illicit activities like selling prohibited drugs or prostitution. If that house with a "broken window" is rehabbed, then it is saved from being a crime den.

Flipping houses can also spur economic activity in a neighborhood where many houses are rehabbed. Since crime is lessened, businessmen will be encouraged to open shops in a community. The pleasant appearance of houses - and the neighborhood in general - will make the area appear conducive to business opportunities.

In fact, the mere act of flipping houses already helps in an area's livelihood problems. When you rehab a fixer upper, you seek the services of a painter, repairman, plumber, and other workers - giving locals additional sources of income.

Rehabbing houses will always be negative for non-believers. But for those who know the positive effects of this business - not only on their pockets but to the community as well - it will always be business as usual. If you still need more convincing, visit RehabList.com. The web site has informative pieces on flipping houses and real estate investing in general. It serves as the meeting place for everyone involved in real estate investing. From buyers of fixer uppers, to sellers, to rehabbers, to wholesalers, to money lenders, you'll find get something from RehabList. To avail of the free services RehabList offers, simply create a log-in account.