Real Estate Investor Purchase Rehab Loan.
There are great opportunities for real estate investors in the market today. This is the best market for real estate investors in our lifetime. Unfortunately financing is not available as it has been in the past. There are options for funding purchase or refinance rehab projects for real estate investors. Whether you are investing in commercial multifamily housing or residential investment properties there are lenders to finance purchase or refinance investor rehab projects. Since no secondary market for this type of funding exist, your deals will fall into one of two categories. Your deal will either be non conforming investor rehab funding or hard money rehab funding.
Non Conforming Real Estate Investor Rehab Loan.
Conforming real estate investor rehab loans do not exist. Conforming means there is a secondary market that will purchase these loans on wall street. The secondary market would have established criteria that all projects would have to conform to. Since this market does not exist the first category of loans are considered non conforming. Any non conforming investor rehab loan funded in this must meet similar guidelines to conforming mortgages. Whether commercial or residential these loans would meet the guidelines as all other loans except they require major rehab and are investment properties. This means the borrower, real estate investor, would need good credit, verifiable income, an ability to repay the loan, acceptable down payment and reserves, and higher licensed bonded contractors to do the rehab. The advantage to the non conforming real estate investor rehab loans versus the hard money loans is that the rate and fees are substantially lower. The dis advantage is that there are many more qualification criteria and it takes longer to get the financing. But if you qualify and have the time it may be to your advantage to get a non conforming rehab loan versus a hard money real estate investor loan.
Hard Money Loans.
Though the rates are much higher and the fees will be from 4% to 10% hard money loans could actually be more profitable to real estate investors than non conforming investor rehab loans. First of all these loans generally fund in 2 to 3 weeks. Secondly, the qualifications are much less and therefore you can do more loans. You may only qualify for a hard money loan when you will not meet the criteria for a non conforming rehab loan. As such you have no option.
Qualifications to get Non Conforming and Hard Money Investor Loans.
Both programs require you to purchase property where the after rehab value is 65% or less. Both programs require you to have an acceptable exit strategy to pay off the lender. Non Conforming rehab financing programs will always require a down payment of at least 20% of the total purchase and rehab costs. Hard money rehab funding programs may or may not require the down payment. Both programs will make sure the contractor or investor has the experience and sometimes licensing to complete the project. So if you have the experience, property, exit strategy and assets you can make lots of money by purchasing and rehabbing investment property.
วันพุธที่ 18 พฤศจิกายน พ.ศ. 2552
วันเสาร์ที่ 14 พฤศจิกายน พ.ศ. 2552
Real Estate Investment Stay in a condo while investment property shopping in Orlando by dlasley104
Having your vacation in Orlando but don't know where to stay? Why not stay in a condo? Condos offer great solutions for your problems. A condo is very inexpensive for your short visit in Orlando.
Orlando is a very popular city in Florida, mainly because Disney Land is there. So, Orlando has a great demand for places to stay in, not only for business men but most of all for people who will take their vacations there.
The first instinct of most vacationers is to look for a hotel to stay in. hotels in Orlando are very exquisite and a great place to stay in, but there is one flaw. Even if you will have your vacation alone or spend it with your family, hotels can be very expensive for quick visits, especially if you have a really big family. As we all know, the global financial crisis affected everyone, so many people look for places to stay in while on vacation that is cheap but at the same time comfortable to stay in.
If you are planning to have your vacation in Orlando, why not rent a condo? Condos are great alternatives for hotels for your short visit in Orlando. There is a noticeable difference with the rent rate, the facilities and the accommodation between hotels and condos.
Can you cook your meals personally if you are staying in a hotel? No, but if you were staying in a hotel, you can cook your own meals anytime, make a sandwich, have a pizza or grill a burger, it is so easy.
Personal pools are available in most condos because most condos are located, if not near, in resorts. Gyms or fitness centers and restaurants are also found in condos but they are somewhat cheaper than most of the hotels.
A very good example of a condo is in the Winsdor Palms Resort. This condo is just 10 minutes away from Disney land. One unit in here has three bedrooms and can comfortably accommodate eight people. The unit also has appliances like a Flat screen LCD TV but not just one, not two, not even three, but four LCD TVs', a DVD and also a VHS player. This condo costs as little as $120 a night and this price is during the summer peak season. Let's do the math, if the unit costs $120 a night and eight of you will share the unit. So, your cost is only $15 per person per night. That's a great offer.
So, if you're planning to go to Orlando for your vacation, consider staying in a condo. Condos in Orlando are inexpensive yet can accommodate you and your family and besides that, there are many extras like the great facilities that they offer and many more.
Orlando is a very popular city in Florida, mainly because Disney Land is there. So, Orlando has a great demand for places to stay in, not only for business men but most of all for people who will take their vacations there.
The first instinct of most vacationers is to look for a hotel to stay in. hotels in Orlando are very exquisite and a great place to stay in, but there is one flaw. Even if you will have your vacation alone or spend it with your family, hotels can be very expensive for quick visits, especially if you have a really big family. As we all know, the global financial crisis affected everyone, so many people look for places to stay in while on vacation that is cheap but at the same time comfortable to stay in.
If you are planning to have your vacation in Orlando, why not rent a condo? Condos are great alternatives for hotels for your short visit in Orlando. There is a noticeable difference with the rent rate, the facilities and the accommodation between hotels and condos.
Can you cook your meals personally if you are staying in a hotel? No, but if you were staying in a hotel, you can cook your own meals anytime, make a sandwich, have a pizza or grill a burger, it is so easy.
Personal pools are available in most condos because most condos are located, if not near, in resorts. Gyms or fitness centers and restaurants are also found in condos but they are somewhat cheaper than most of the hotels.
A very good example of a condo is in the Winsdor Palms Resort. This condo is just 10 minutes away from Disney land. One unit in here has three bedrooms and can comfortably accommodate eight people. The unit also has appliances like a Flat screen LCD TV but not just one, not two, not even three, but four LCD TVs', a DVD and also a VHS player. This condo costs as little as $120 a night and this price is during the summer peak season. Let's do the math, if the unit costs $120 a night and eight of you will share the unit. So, your cost is only $15 per person per night. That's a great offer.
So, if you're planning to go to Orlando for your vacation, consider staying in a condo. Condos in Orlando are inexpensive yet can accommodate you and your family and besides that, there are many extras like the great facilities that they offer and many more.
วันพุธที่ 11 พฤศจิกายน พ.ศ. 2552
Manchester New Hampshire Real Estate Activity - YTD(9/30/2009) by Fred Doleac
Third quarter activity in the Manchester NH real estate market indicates that the values continue to decline with the average selling price being $205,731. Manchester foreclosures are a significant percentage of the 195 homes sold. All homes sold had a list-to-sell ratio of 98% and an average DOM of 85. The average sales price declined -8% as compared to the selling prices in 2008. On September 30, 2009 there were 256 active listings and 65 pending sales. The average list price for current listings was $260,294 and these homes were on the market for 123 days.
The affordability of single family homes, historically low intereste rates and the tax credit incentive ($8000)has generated the activity at the lower end of the market. Potential first time homebuyer can purchase homes with low downpayments through the FHA (Federal Housing Authority) and the USDA(United States Department of Agriculture).
The condominium activity showed that -11% fewer condos sold as compared to 2008 as did the average selling price. The days on market dropped sharply for condos sold from 161 to 109 days. Third quarter activity show 175 active listings and 31 pending sales that were on the market for 136 days. Information was obtained from the NH MLS(NNEREN) and is not guaranteed to be accurate. If you are looking for property in Manchester, NH visit Manchester homes for sale to view current listings.
The affordability of single family homes, historically low intereste rates and the tax credit incentive ($8000)has generated the activity at the lower end of the market. Potential first time homebuyer can purchase homes with low downpayments through the FHA (Federal Housing Authority) and the USDA(United States Department of Agriculture).
The condominium activity showed that -11% fewer condos sold as compared to 2008 as did the average selling price. The days on market dropped sharply for condos sold from 161 to 109 days. Third quarter activity show 175 active listings and 31 pending sales that were on the market for 136 days. Information was obtained from the NH MLS(NNEREN) and is not guaranteed to be accurate. If you are looking for property in Manchester, NH visit Manchester homes for sale to view current listings.
วันจันทร์ที่ 9 พฤศจิกายน พ.ศ. 2552
Day Trading and Home Values - How The Real Estate Markets Create Day Trading Opportunities by The Guerrilla Trader
Day Trading and Home Values - A Summary
It is widely believed that housing drives the national economy. Supporting this theory is the fact that the current economic collapse started with a collapse in home values.
And after the housing collapse, the stock market followed, taking down millions and millions of American's retirement and investment accounts with it.
Many people believe that the housing sector has reached a bottom, and is headed back up. Indeed, there is evidence to support this believe.
Las Vegas recently reported a record month for number of housing units sold. In some markets, prices are starting to creep back up.
Looking at the markets, it seems that investors believe that things are improving. The Dow recently broke through the 10,000 level again, the S&P is up over 200 points in the last four months.
Despite many companies announcing weak earnings for the third quarter, the market is still holding up relatively well, which is likely due to the believe that housing is recovering.
However, this optimism may be unfounded. One leading research firm, Fiserv, believes that the somewhat good news we've been seeing lately on housing is nothing but a "dead cat" bounce.
Fiserv predicts that the overall median home value in the United States will drop by another 11%+ by June of next year, before finally stabilizing, and perhaps a 3%+ increase the following year.
Find more Day Trading articles and resources, visit The Guerrilla Trader today!
CLICK HERE TO VISIT THE GUERRILLA TRADER
Driving the downward pressure on home values will be a deepening of the foreclosure crisis, which is no where near over.
In fact, the record home sales recorded earlier this year in Las Vegas was driven by investors picking up foreclosed properties for ridiculously low prices.
So what does this mean to
Right now, there are two forces at play. People want to be optimistic about the health of the housing market, and the economy in general. This optimism is leading to an incline in the markets.
But at the same time, reality is the housing crisis is far from over, and at the same time, third quarter earnings continue to be poor overall.
So what will win out? The general investor's optimism for the future, or the harsh reality of the present?
Either way, the volatility created by the two opposing forces will create unprecedented day trading profit opportunities.
For a day trader, volatility is king. That is where profits are born.
As the housing crisis continues, look for negative housing data to battle with investor optimism in the short term, with reality winning out long term.
Short opportunities will abound going forward. Are you ready to take advantage of them?
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p.s.s. Do you subscribe to The Guerrilla Trader? Simply enter your name and email address at our website to be included on our email notifications list - and get a FREE copy of our e-Book The Guerrilla Trader - Classified Insiders' Report
วันพุธที่ 4 พฤศจิกายน พ.ศ. 2552
Free Information On How To Be Succesful In Real Estate, And Make Big Money! by Ozzy
Free Information On How To Be Succesful In Real Estate, And Make Big Money!
Becoming a real estate investor is perhaps THE best financial decision you could ever make. Just think about the simple, yet powerful way that you can create true wealth -
You purchase a property which goes up in value, the tenant pays down your debt and you receive ongoing income over and over again every month.
Unfortunately, there are too many people TRYING ... but very few are SUCCEEDING.
Do you wish you could:
Instantly find real estate bargains, buy them for dirt cheap, and then sell them for huge profits?
Cash in on the real estate market even during a mortgage crisis, credit crunch, and sinking economy to build wealth?
Learn how to make your money work harder for you?
Overcome fear of failure and management?
Fire your boss and call all of the shots with your very own booming real estate business?
If you answered yes to any of these questions, then I have good news for you, because in just minutes from now, you're going to learn about a new, breakthrough course that's guaranteed to kick your real estate profits into gear and help you cash in on the enormous amounts of money to be made in this luxurious industry.
In every business and every industry there are people who just seem to drip with success. They seem to know all the right people, make all the right decisions, be in all the right places at exactly the right time. They seem destined for success whether they even try or not.
Well, real estate is no different. In every city or town, there seem to be real estate tycoons that struck it rich through real estate.
They are the people who just make success look easy. They appear confident, knowledgeable, savvy, and seem to see opportunities where others don't.
It's easy for onlookers to think the achievements of these golden few are the result of luck or some sort of magic. But magic and luck have absolutely nothing to do with it.
Making money through real estate will be a cake walk for you from this day forward... Even if you've tried to make money through real estate in the past and have failed at it
Even if you've never sold anything in your life
Even if you know absolutely nothing about real estate right now
Even if you don't have a lot of money to invest
Even if you don't have a clue about marketing the fixer-uppers you buy
Even if you're overworked at your regular job and only have a few hours to spare to try to make a better life for yourself and your family
None of that matters, because in this breakthrough course that I've created, you'll:
Learn proven ways to buy fixer-uppers with little of virtually no maintenance, and sell them for thousands of dollars in profits
Be your own boss
Be empowered with proven marketing strategies that are guaranteed to entice people to buy from you
Work on your own time schedule
Have extra cash for you and your family to enjoy
Be free of financial stress and worry
Make your money start working for you
And.........
It:
Carries virtually no risk on your part
Puts you in perfect position to send thousands of dollars to your bank account week after week during your spare time through smart real estate investments
Is guaranteed to help put you on the road to financial prosperity and real estate success even if you know nothing about real estate right now.
Want to learn more? Click Here
Free Information On How To Be Succesful In Real Estate, And Make Big Money!
วันจันทร์ที่ 2 พฤศจิกายน พ.ศ. 2552
Choosing a Real Estate Agent to Sell Your Home by Frank Hendrickson
Can you really save big bucks selling your home by owner or should you go with a real estate agent?
Question Number One: Do you have the time sell it yourself. There are those other obligations you have to deal with such as work, children, family or school. Because of these time restraints alone, choosing a realtor to aid in the process of selling your home might be the best option for you.
Question Number Two: Do you have the knowledge to sell your home? There are appraisals, contracts, inspections, restrictions about what you can and cannot say to prospective buyers and a mine field of other legal issues. Do you know everything you need to know to price your home correctly and handle the transaction?
Question Number Three: Are you really saving money? You will need to advertise, answer calls, set appointments, show your home, meet with prospective buyers and entertain contracts. Advertising costs money and what is your time worth to you?
Question Number Four: Do you need a sale sooner than later? Realtors have one thing for sure that you probably do not. Contacts with many other real estate agents and access to many potential buyers. In most cases you increase the chances of a sale with an agent and the time your property on the market is less.
Let's examine some more reasons why choosing a realtor for the sale of your home can be rewarding. Realtors can consult with you on how to get your home sold in top-selling condition. Ask your realtor what you can do to make your home better than competing properties. Your realtor will be more than willing to make some suggestions.
A realtor can also give you a current market analysis on what is happening in your area or marketplace. Current market information from the realtor also helps to strategize the sale of your property. The current market analysis consists of information on other properties in your neighborhood that have sold in the last six months as well as active properties on the market. The properties that are used for the analysis are from the same area as your property.
Realtors can also market your home to other real estate agents on the Multiple Listing Service. This is a website specifically for realtors to advertise homes. Only realtors who have paid for the use of this website are allowed to have access. This website provides other realtors access to homes for sale. Other agents might have a buyer who would be interested in your home. The Multiple Listing Service advertises to those agents.
When working with a realtor, you don't even have to worry about negotiating every buyer's offer. Your realtor will handle all negotiating on your behalf. This means you might never have to talk with or see a potential buyer. This is especially beneficial if your time is limited to deal with buyers.
Closing the sale of your home is the most important thing. The paperwork can be overwhelming and unexpected problems sometimes occur during closing. Therefore, having a realtor present with you at closing is a good idea. The realtor can explain all the terminology and forms involved in the sale.
Frank Hendrickson is a real estate investor based in Texas. He is a former estate agent and writes widely about issues related to real estate and finance. His current interests currently span both the US and UK market especially the sell to rent back market and how it applies to the downturn in the real estate market.
Question Number One: Do you have the time sell it yourself. There are those other obligations you have to deal with such as work, children, family or school. Because of these time restraints alone, choosing a realtor to aid in the process of selling your home might be the best option for you.
Question Number Two: Do you have the knowledge to sell your home? There are appraisals, contracts, inspections, restrictions about what you can and cannot say to prospective buyers and a mine field of other legal issues. Do you know everything you need to know to price your home correctly and handle the transaction?
Question Number Three: Are you really saving money? You will need to advertise, answer calls, set appointments, show your home, meet with prospective buyers and entertain contracts. Advertising costs money and what is your time worth to you?
Question Number Four: Do you need a sale sooner than later? Realtors have one thing for sure that you probably do not. Contacts with many other real estate agents and access to many potential buyers. In most cases you increase the chances of a sale with an agent and the time your property on the market is less.
Let's examine some more reasons why choosing a realtor for the sale of your home can be rewarding. Realtors can consult with you on how to get your home sold in top-selling condition. Ask your realtor what you can do to make your home better than competing properties. Your realtor will be more than willing to make some suggestions.
A realtor can also give you a current market analysis on what is happening in your area or marketplace. Current market information from the realtor also helps to strategize the sale of your property. The current market analysis consists of information on other properties in your neighborhood that have sold in the last six months as well as active properties on the market. The properties that are used for the analysis are from the same area as your property.
Realtors can also market your home to other real estate agents on the Multiple Listing Service. This is a website specifically for realtors to advertise homes. Only realtors who have paid for the use of this website are allowed to have access. This website provides other realtors access to homes for sale. Other agents might have a buyer who would be interested in your home. The Multiple Listing Service advertises to those agents.
When working with a realtor, you don't even have to worry about negotiating every buyer's offer. Your realtor will handle all negotiating on your behalf. This means you might never have to talk with or see a potential buyer. This is especially beneficial if your time is limited to deal with buyers.
Closing the sale of your home is the most important thing. The paperwork can be overwhelming and unexpected problems sometimes occur during closing. Therefore, having a realtor present with you at closing is a good idea. The realtor can explain all the terminology and forms involved in the sale.
Frank Hendrickson is a real estate investor based in Texas. He is a former estate agent and writes widely about issues related to real estate and finance. His current interests currently span both the US and UK market especially the sell to rent back market and how it applies to the downturn in the real estate market.
วันศุกร์ที่ 30 ตุลาคม พ.ศ. 2552
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
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