![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
Real Estate Investors Kick Away $1,000
Those new to real estate investing often fail to take actionbecause they don't have much cash. The truth is that thevery best investors got their start when they had little orno money. When you start at the bottom you have to work harder and smarter. You have to make every penny count... and in doingso you learn how to put together the most profitable deals. Right now one of the very best ways for newbies to get startedis to buy property buy taking over the payments of an existingloan. It's called buying "subject to". You generate income to make the mortgage payments by quicklyleasing the property. Lease payments pay make the mortgagepayments. Here's something most investors overlook when buying"sub to" and why they lose around $1,000 each time they do a deal. We often buy properties "subject to" the underlying mortgage. That simply means we give the motivated seller a little money (if he is really motivated no cash is needed) and take over the payments of the loan that's already in place. We have title, but the seller's name stays on the mortgageloan. This a popular way of buying property from motivatedsellers. It allows the investor to buy many propertieswith very little cash. It also places a severe responsibilityon the investor to stay current with the mortgage payments. Youmust be a good landlord and some the rent payments rolling in. Here's where most investors fail to pick up that one thousanddollar that is just waiting to be claimed. When the investor sells that property they often are not awarethat they can get a check from the original lenderfor the cash that has accumulated in the loan's impound account. That is the money collected monthly by the lender to pay the taxes and insurance. It often adds up to around a grand or moreand it's easy to get if you know what you're doing. When you buy a property "subject to" the underlying mortgage, always get all the owners of the property to sign a Limited Power of Attorney giving you control of anything having to do withthe house in the future. That way you don't need their cooperationlater, when they've left the area and can't found. Finally, after you've held the property while it appreciatedin value, you are ready to sell and cash out. When you have found a buyer and you are arranging the close, send the lender a request that any balance in the impound account be sent to you or your company. Always send along copies of the Powersof Attorney so the lender knows you have the authority to make the request. Sometimes they will honor your request and sometimes they won't. More importantly, instruct the escrow officer or attorney handling the closing of your sale to ask for the impounds. They will give the pay off instructions to the lender and the lender usually will follow those instructions without question. On a recent deal we received a check from a lender for theimpounds in the amount of $1,357.00. Yeah!.. Happy dance! Was there a catch? The check from the lender for the impoundfunds was made payable to the two original sellers whose names were on the loan. It looked like this... Pay To The Order Of: Was that trouble? No! Remember we had a separate Power of Attorney for each of these individuals. We took the check and thePOAs to our bank. We explained the situation and here's what thebank officer had us do... On the back of the check, we signed the name of each seller. After those signatures we wrote: By_________________ (and signed our own name). Then we signed our company name and again (By______) and then we signed our own name and position in the company. That was it! An easy way to pocket $1,357.00 that too manyinvestors leave on the table. Now YOU will never walk away from that extra thousand or so dollars! If you would like to learn more about buying "subject to" look here... About The Author: Mark Walters is an investor and author. You can find his published material at http://www.CashFlowInstitute.comhttp://cfiblog.blogspot.com/
MORE RESOURCES: The dreaded Zillow ban is finally here. Here's what you can do Business Insider Zillow’s now enforcing its listings ban: 3 things to know Real Estate News by RealEstateNews.com Colorado mountain town real estate markets see surge of new listings, price drops — but is it a buyer’s market? SummitDaily.com Alexandria Real Estate: The REIT That Nobody Seems To Want (But Maybe Should) (NYSE:ARE) Seeking Alpha Rosa Hawes, trailblazing Dayton real estate pioneer, civil rights advocate, dies at 94 Dayton Daily News NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND ANNOUNCES DECLARATION OF REGULAR MONTHLY DISTRIBUTION PR Newswire Unlocking Japan's Dormant Real Estate Potential: Marubeni and Dai-ichi Life's Bold Venture - AInvest Here are businesses on the move in Marin, Solano and Sonoma counties The North Bay Business Journal The Flathead’s Frozen Real Estate Market Begins to Thaw Flathead Beacon 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Zillow readies for battle with Compass Real Estate News by RealEstateNews.com The Face of Real Estate in West Sonoma County pacificsun.com Texas Employees commits $483 million to real estate, private equity, infrastructure Pensions & Investments Post-Gazette journalists win national awards in coverage of real estate, religion Pittsburgh Post-Gazette Nuveen: Leading the way in a changing real estate market Private Equity Real Estate | PERE Egypt Sherrod Shares Heartbreaking News About HGTV's 'Married to Real Estate' Country Living Magazine Real Estate Transactions, June 30 edition Hopkinton Independent Seattle City Employees slates €60 million for European real estate fund Pensions & Investments Real Estate Transfers: June 30, 2025 The Owensboro Times Two local real-estate firms merge to form Venture Fox Realty Group The Altamont Enterprise Alexandria Real Estate: Behind Fantastic Dividends, 3 Key Facts To Understand Its Resilience Seeking Alpha Brooks Ballard International Real Estate Celebrates Transition, LGBTQ+ Owned Business of the Year Award Recognition Business Wire AXA IM names real estate heads for North America and Asia-Pacific Pensions & Investments Crow Holdings Capital: Specialty real estate surges as investors chase demographic-driven demand Private Equity Real Estate | PERE NYLI CBRE Real Estate Fund Q1 2025 Commentary Seeking Alpha Logistics and warehousing dominate Lehigh Valley commercial real estate market Lehigh Valley Business Rockpoint: Back to basics: Real estate’s next chapter will demand local insight Private Equity Real Estate | PERE From lakefront real estate to iconic property ownership, Okoboji native helps lead region into the future SiouxFalls.Business LaSalle on real estate: the world’s simplest, most complicated asset class Private Equity Real Estate | PERE Hyatt to Sell Playa’s Real Estate Portfolio Daily Lodging Report Real Estate: June 16 to June 20 Newport This Week Deadline For Paying Real Estate Taxes At Face Amount ButlerRadio.com A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times In a gridlocked market, it’s time to take assumable loans seriously Real Estate News by RealEstateNews.com NMPERA reveals $20m additional commitment to real estate fund Private Equity Real Estate | PERE Real estate tax deadline today Butler Eagle VPIC receives recommendation to commit $50m to real estate Private Equity Real Estate | PERE Buyers and sellers win in this unique real estate market in the Valley Wet Mountain Tribune Hyatt to offload Playa real estate, remain operator HOTELS Magazine Neuberger Berman Real Estate Fund Maintains Steady Monthly Income With $0.0312 July Distribution Stock Titan Amanda Carter: Premier Hervey Bay Real Estate Agent Redefining Client Success and Community Engagement GlobeNewswire HGTV cancels Atlanta-based show ‘Married to Real Estate,’ hosts say Atlanta News First The Best Real Estate Agent in Douglas Lake: Katelyn Warren ACCESS Newswire Radio Real Estate 6/28/25 My Bellingham Now Mansion in The Ridges hits the market for $9.8 M Las Vegas Review-Journal Form 424B3 Forum Real Estate Income StreetInsider Real Estate City of Oakland, CA (.gov) Apple spends $517 million on Bay Area real estate in a single week San Francisco Chronicle Major Last-Mile Deal: Town Lane Acquires Massive 2.7M SF Industrial Portfolio in High-Growth Raleigh Market Stock Titan Jewish real-estate investors look to Israel amid Mamdani victory The Jerusalem Post Chicago-based developer building community in Katy area as part of multicity effort The Business Journals |
![]() |
![]() |
![]() |
RELATED ARTICLES
Pricing Your Property A house properly priced is half sold. But there are plenty of ways to price it improperly. Top 7 Reasons Why FSBOs Fail To Sell Their Home On Their Own! In the United States, less than 10% of all For Sale by Owners (FSBOs), are successful in selling their home by themselves. That*s because most people just give up because they don*t realize from the beginning the difficulty and complexity of the job ahead. Searching for CLUEs: What Homebuyers & Sellers Need to Know About Homeowners Insurance Homebuyers and sellers should be aware about issues involving homeowners insurance and the C.L. Encouraging Debt Most of us don't talk about money, finances, credit, debt.. How to increase the Saleable Value of your Home When selling your home, you'll want to fetch the best price possible for your home yet it so happens in many cases, that buyers give offers that just don't meet your expectations. Of course, you will have to negotiate but you still may not end up getting how much you want. Credit Help: Buying Real Estate -- Not the Same as Buying Cars Credit for Buying Real Estate is Different than Credit for Buying CarsForget what you've been told about credit.You may be shocked at some of these tips because this information runs contrary to what other so called experts tell you. Escrow From a California Homeowners Perspective The Escrow ProcessBoth Buyer and Seller deserve the assurance that no funds or property will change hands until all of the instructions in the Purchase Contract have been satisfied. The Realtor submits Buyers and Sellers signed documents and Buyer's deposit money to be held by an independent neutral third party (Escrow). Questions You Always Wanted To Ask A Master Builder But Never Had The Chance Building a house (or lots of them) seems to be an area of knowledge that is kept secret (insiders only), with clients kept in the dark and fed on expensive "cow dung."A while ago I asked my US readers of my e-book, "Residential Development Made Easy" for questions they would like to ask a Master Builder. Water, Water Everywhere on the Waterfront Waterfront living is among the most desirable of locations in our area (Florida). The views and vistas are fantastic, not to mention the ability to walk out one's door to drop a line to fish or untie a line to enjoy boating. Selling Houses with Curb Appeal and Design Psychology Curb appeal is the most important challenge you'll face when selling your home. You must make home shoppers feel like getting out of their car to see what's behind the front door. To Buy or Not to Buy Purchasing a home is a major emotional and financial decision. Often times, people want to buy a home; however, emotionally cannot afford to commit to the home-buying process. Conventional Financing For Wholesale Deals This info is very important for both new and experienced wholesalers, AND buyers of fixer-uppers, to carefully read and understand. We learned it painfully, hopefully you won't have to :-)Often times we are asked by investors about using conventional financing for their investor deals. Eleven Questions to Ask in an Agent Interview Questions Sellers Should Ask in Agent Interviews:1. Is your license in good standing?You can check an agent's certification yourself with your state's department of real estate. Find the Right Apartment Quickly and Easily Using an Apartment Locator Service You've probably seen the ads or heard about apartment locators. But what do they really do and why should you choose an apartment locator to help you find an apartment area?One of the biggest reasons to use an apartment locator is the fact that there are hundreds of apartments to choose from. Successful Real Estate Investing One of the best roads to wealth in America has always been the acclimation and development of good, solid, income-producing real estate. Real estate ownership is one of the best ways to achieve financial independence for the average person. Renting a House Renting a house or a room in your home is a great business that millions of people take advantage of to make some extra cash. While many people rent houses each year, not all of them are successful. Tidy Up The Outside, Reap The Rewards There isn't a realtor in existence who wouldn't tell you that one of the most important terms that you can learn when you're trying to sell your house, is "curb appeal."So while you're sprucing up your home, it's wise to start outside, and work your way in. Property in Northern Spain If you're looking for the 'real' Spain where the culture, customs and the traditional Spanish lifestyle have been preserved - a Spain long ago lost and forgotten along the Costa del Sol - consider Northern Spain.Northern Spain has always been a popular holiday destination for southern Spanish tourists, but until relatively recently it was largely unexplored and undiscovered by foreign tourists and those expatriates seeking a new home overseas. How to Make a Home for Sale Flyer Using Marketing Psychology Want to sell your home right away, for the highest profit to you? Discover how to improve on the Realtor's number two sales tool--right after the sign--your sales flyer.Most real estate agents use a sales flyer template which showcases their listings using out-of-date marketing strategies. Dealing With Dual Real Estate Agents Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. ![]() |
home | site map |
© 2006 TIGER MEDIA |