While the rest of the economy is in shambles, and record numbers of foreclosures make headlines, real estate investors are earning thousands of dollars by buying and selling homes. It seems that real estate investors know a thing or two about systems, strategies, and styles of investing that the average homeowner does not. If you are a budding real estate investor and you're looking to invest in homes but don't know how, here are some of the basic strategies that investors are using.
SHORT SALE: When you get involved in doing a short sale, you purchase a home because the bank is willing to sell it for less than what is owed on it. This happens a lot because banks know that they cannot collect their entire lost amount if they have to bring a house all the way through the foreclosure process. So you can buy a home for less than what is owed, and re-sell it someone else for a profit. For more info on short sales go to: Www.investingwiththestars.net/ben/htm. Ben Pargman, Attorney has a great system to learn short sales!
REO: REO stands for "real estate owned" and this is when the bank has taken ownership of the property. When you buy the property, you are not buying it from the homeowner but rather from the bank. The banks will often let homes go because it costs them thousands of dollars to re-list and sell homes and they don't want the non-revenue-generating real estate on their books.
SUBJECT TO: Subject-to investing is as simpple as buying a home "subject to" the existing financing. You get the deed to the home but the original owner keeps the mortgage in their name. You take over payments of the mortgage and ultimately sell the deed to someone else. For more information on Subject-to investing go to: www.investingwiththestars.net/banks.htm. Mike Watson has a program to get you started in subject-to investing!
Nancy Geils
Teacher/Financial Coach - 29954
SHORT SALE: When you get involved in doing a short sale, you purchase a home because the bank is willing to sell it for less than what is owed on it. This happens a lot because banks know that they cannot collect their entire lost amount if they have to bring a house all the way through the foreclosure process. So you can buy a home for less than what is owed, and re-sell it someone else for a profit. For more info on short sales go to: Www.investingwiththestars.net/ben/htm. Ben Pargman, Attorney has a great system to learn short sales!
REO: REO stands for "real estate owned" and this is when the bank has taken ownership of the property. When you buy the property, you are not buying it from the homeowner but rather from the bank. The banks will often let homes go because it costs them thousands of dollars to re-list and sell homes and they don't want the non-revenue-generating real estate on their books.
SUBJECT TO: Subject-to investing is as simpple as buying a home "subject to" the existing financing. You get the deed to the home but the original owner keeps the mortgage in their name. You take over payments of the mortgage and ultimately sell the deed to someone else. For more information on Subject-to investing go to: www.investingwiththestars.net/banks.htm. Mike Watson has a program to get you started in subject-to investing!
Nancy Geils
Teacher/Financial Coach - 29954
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Want to find out more about Subject -To Investing subject-to, then visit Nancy Geils site on how to do a subject-to deal Mike Watson
