Thursday, February 19, 2009

Real Estate Investing Requires Money - Where to Get It

Real Estate Investors Who Need Money Should Consider Private Money Lenders
By Mike Lautensack

Real estate investors are unable to find traditional mortgage lenders who will meet their financing requirements? Then you might want to consider locating a private money lender. Private money lenders are investors who, for the right investment opportunity, will loan you the money to buy real estate investments. As long as you have equity in the property and an exit strategy to pay them back, a private money loan should be easy enough for you to find. Here are a few places to locate your private money lender.

Mortgage Consultant

Investment Clubs

Real Estate Seminars

Other Investors

The Internet

Mortgage consultants who deal in your type of financing can be a reliable source to start your search if you don't know where else to look. Other places are investment clubs. Investors are a terrific source for referrals of private money lenders and many private money lenders actually belong to or attend investment club meetings. Many of these clubs you can join on the Internet for a nominal monthly fee. They will provide you will all sorts of valuable information and access to financing and private lenders.

Attending real estate seminars is another place to meet lenders. The speakers may even be a private money lender. It's a great networking venue. If you Google private money lenders, many companies come up on the Internet. Now that you know where to look for these lenders, once you find them, keep them because you will need to go to them for your next deal.

Who are Hard Money Lenders?

Private Investors

Hedge Funds

Institutional Investors

Portfolio Lenders

Real Estate Brokers

Agents of REO (bank owned properties)

Why Use a Private Money Lender?

A private money lender provides a quick interim financing for you to purchase, rehab and resell a single family residence or commercial property. They do not require any credit checks or traditional guidelines such as banks and other financial institutions. Basically, private money lenders are looking for a deal that makes sense with a quick return on their investment. They also provide short term bridge and gap financing. It can take as little as 5 days to get your financing. So if time is of the essence, a private money lender is the answer to your prayers. You can get fast cash for real estate foreclosures and other hot investment deals.

In these tight financial market times, it makes much more sense to you use a lender instead of a traditional mortgage lender. Why waste time and get turned down missing your investment opportunity while you are waiting for loan approval. You should be compiling a list of private money lenders so when you do find a great investment, you are ready to go. You will never have to worry about how you are going to fund your project, just where you will find your next deal. This way you can concentrate on rehabbing your property and selling.

I invite you to learn more about Private Mortgage Lenders and get FREE instant access to a 60 minute audio and 20-page eBook titled "Discover the Secrets of How to Fund Your Real Estate Deals with Private Lenders!" by going to

Mike Lautensack is a full-time real estate entrepreneur in Philadelphia, PA and creator of the Private Lending Presentation Kit. This powerful done-for-you kit is loaded with tools and techniques to attract and develop a consistent stream of private investors into your real estate business. To learn more about this kit and receive your FREE Real Estate Wealth Newsletter go to Private Lending Kit.

Article Source:

Real Estate Investing

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Tuesday, February 10, 2009

Real Estate Investing with Rental Properties

Real Estate Investing For Profit - Rental Properties For a Monthly Paycheck
By Serena Lewis

Investing in rental properties can be very profitable and provide you with a steady income. As the housing loan market gets tougher, more and more people are turning to renting instead of owning.

For a person who has access to the funds to buy a rental property this is tried and true way to make good money in the real estate world. Running a rental property may not be for everybody, but for those that own them, they tend to be a very profitable source of steady income.

Some of the things to consider when thinking about going into the rental property business include, can you afford to have your invested money tied up for a number of years, are you prepared to have complete strangers living in your rental and are you prepared to do the work it takes to maintain a rental?

Let's take a look at each of these statements, first buying a rental property means that you are investing for the long run, in other words you will not see and immediate profit as you would from the sale of a house. For most rental owners this not a problem, in fact it is the reason that most of them go into the rental business in the first place. Once you have paid the purchase price of your house off, then the money you have coming in is mostly profit with the exception of yearly taxes and repairs.

Second you must have access to enough funding to pay for any repairs that may come along during the year, some of them will be minor like leaky faucets, other may mean large financial outlays like replacing the roof. Having to borrow money tends to cut into your profit margin rather heavily. Many landlords save money by doing most of the repairs themselves, the only problem with this is you have to be prepared for those two am phone calls.

Lastly you have to be a good judge of character when it comes to finding a tenant; this can be a very difficult thing to do. Picking the tenant who will take care of your house as if it were their own is not an easy task. Many landlords turn to a rental property management company to avoid dealing with this part. Using a rental agency can give a landlord peace of mind, as the agency takes full responsibility for the tenant should anything happen to the house.

Running rental properties can be a very financially rewarding experience for a person who is looking to make money in the real estate business, the payoff is not instant but rather over an extended period of time. It will provide for a steady return on your investment as long as you manage your rentals properly, keeping them in good shape and rented out.

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Article Source:

Real Estate Investing


Thursday, February 05, 2009

Real Estate Investing - Buy the Worst House?

Real Estate Investing - Buy the Worst House in the Best Neighborhood
By Bill Carey

How can you compete with Investors who are on the look out for the great deals? A way to get a deal for yourself is to limit your search to areas and neighborhoods that you know or can learn quickly. With foreclosures and bank REO's in every neighborhood you should fine tune your search habits.

Check with your local Chamber of Commerce and Board of Realtors each has publications of current sale trends in your city, town or region. Look for the median price range of homes sold and the neighborhoods with the most active number of sales. This is an easy test of what is considered the best areas for most of the buying public.

The real work starts with you researching each neighborhood and the surrounding areas. Your local Realtor Association may have an online access to the basic information of current listings. Or you can work with a realtor and get the all the information. City and County websites have links to property and tax records which is a good place to confirm sold prices if you are not working with a Realtor.

Having identified your best 2, 3, or 4 neighborhoodslocate every property on the market, every vacant property and every property in foreclosure. You want to compare the current listings to the median price range and what was the highest sold price and the lowest sold price.

Start with the lowest priced property. Remember the buying formula and apply it to this property. (formula: Listing sale price = ARV less 3%, Your Buy Price is ARV less 20%+ profit, less 2 - 3 months carrying costs, less repair & upgrade costs, less your purchase costs & closing costs) What will it take to make it the best or close to the best in the neighborhood? Your realtor can help you work on the fianl sale price with a CMA.

Make your offers with knowledge not guess work. You can apply this to any area with any price range just stay around the median for for area. It works for Buy and Hold and for rehabbers and is a way to get your wholesale business moving with good deals to your rehab buyers.

And now I would like to invite you to claim your FREE access to 2 recent articles "9 Tips For You to Make Real Money in College Rental Properties" and "9 Steps to Save Big Dollars For Your Student With In-State Tuition" at

Bill "The College Rental Investment Guy" is a leading expert on College Rental Investment Properties and Off-Campus Housing.

Article Source:

Real Estate Investing

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Sunday, February 01, 2009

Investing In Real Estate and New Regulations

Investing in Real Estate - The Benefits of New Regulations to Home Buyers - What You Need to Know
By Jack Sternberg

Did you know that the "closing instructions" (the instructions each Title company needs to follow when closing on a property) vary from state to state?

And did you know that's all about to change when the new Uniform Closing Instructions go into effect?

These new regulations are about to change the way you can structure your real estate deals. They were designed by The American Escrow Association, The Mortgage Bankers Association, and The American Land Title and Trust Association who decided to standardize the instructions to make the whole closing process work better.

Real estate investors interested in pre foreclosure investing, flipping properties and creative real estate solutions should be concerned about how these new regulations are going to restrict their ability to turn a profit. However, here's a list of the benefits of these new regulations to homeowners:

Benefit 1: The UCI speed up the Single Family Home real estate buying process and make it more cost effective. E.g., previously, if a retail home buyer changed lenders midway in the process it would always prolong the closing due to the different guidelines from a different lender. The new standards would prevent delays of this sort by providing a set of closing guidelines for ALL mortgage lenders.

Benefit 2: The UCI will cut costs by providing efficiency. It's interesting to note that buying a luxury automobile that costs $200,000 can take an afternoon, while buying a condo that costs less takes at least 30 days. That's due to the efficiency in standardized loan docs in the auto industry. (Though no one suggests that you should try to buy a house in an afternoon!)

Benefit 3: The UCI will help protect borrowers from mortgage fraud. Specifically, there's a whistleblower clause in the UCI that charges the loan professionals to make known to the borrower any suspect dealings in the transactions, and can make them liable for not disclosing such misdealing.

Benefit 4: The UCI will help protect borrowers from identity theft.

Benefit 5: The UCI will help pave the way for automated processes in the industry, including new, online E-mortgages, and reduce the expenses of operation for mortgage companies.

Benefit 6: Create a fiduciary responsibility for all title companies to abide by and protect the mortgage companies. This would essentially compel title companies to be at the vanguard of mortgage fraud defense and help protect the mortgage industry.

Once put into place, the UCI will have two profound effects:
First, the committee feels these instructions will give consumers a gold-standard protection against fraud without need of Congressional action.

Second, (and here's where you really need to pay attention), it will spell the end of "non-traditional" deals-short sales, flip sales, double closings, etc. This means there will be a shift back to conventional mortgage practices and "traditional" investment strategies.

To find out more, claim your free report below, which reveals what you need to know NOW about these new regulations. The more prepared you are for what lies ahead, the more opportunities you'll have to make money investing in real estate. Those who are left in the dark about these new regulations may find themselves leaving the closing table without a check..

Jack Sternberg is a nationally recognized expert on real estate investment who's been in the business for more than 30 years. His deals have totaled over $750 million.

Get the full FREE 48-page report, "The Uniform Closing Instructions Exposed: Critical Factors You Need to Know In A Dramatically Changing Real Estate Investing Environment" at while it's still free.

Article Source:

Investing In Real Estate

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