"When that shutter clicks, anything else that can be done afterward is not worth consideration."Edward Steichen
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Real Estate: Foreclosure Sales
If you are looking to get into the real estate games you may want to consider foreclosure sales as a way to break into the market. This can be one of the most profitable areas to exhaust if you are looking to turn a profit in the real estate industry. ...
Real Estate Title And The Quit Claim Deed
Deeds are simply documents that transfer title from one person to another. There aare many different types of deed, but basicly they just transfer title. Let's talk about a "quit claim deed". A quit claim deed is a type of deed where a person ...
Source the Internet to get information on california real estate
Right now, because everyone can use the world wide web, it's child's play to find all you look for in regards to california real estate. Can you recall the time as you had to consult a dictionary when you wanted to find something relevant to california ...
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Turn the Television on any Sunday morning and you'll find yourself in the middle of a “how to buy real estate” infomercial. Can you really buy a house with no down payment? Can you really make thousands or millions of dollars buying real estate. Of course the answer is “yes” and “no”. The real question is, are you willing to pay anywhere from $500 to $5000 for the information, classes and hotline? Most important are you self disciplined enough to follow the program.
Before you spend money on these expensive programs, here are my top ten “no money down” ways to buy real estate. If you're self disciplined and willing to hear the word “no” many times before you get a “yes”, then maybe you can buy a house without a down payment.
1. First is to check out the many new zero down programs now available from lenders. Especially if you're a fist time buyer. Also FHA and VA have loans that may not be zero down, but are very close.
2. Borrow money for the down payment – Borrow the money from family, friends or a business partner at a high interest rate or a percentage of the profit when the property is sold
3. Raise the price and lower the terms – Offer the seller more than he is asking provided he is willing to accept the down payment in the form of a note. If the seller is asking $150,000 with $15,000 down and willing to carry the balance of $135,000. Try offering $155,000 in the form of a promissory not instead of cash. The seller gets a little more money for the additional risk.
4. Borrow against a life insurance policy – Many life insurance policy's let you borrow against the policy for the purpose of investing in real estate or other investments.
5. Use other property as collateral – Create a note on existing property that you or a partner own and use it as the down payment for the property you are buying.
6. Home equity loan – Home equity loans are generally easy to qualify for as long as there is adequate equity in the property.
7. Seller refinance – Have the seller refinance the property, receiving the cash he needs from the proceeds of the new loan, the buyer gives the seller a note for the balance of the seller's equity.
8. Find an investor – There are many people who have money but no time. Their current profession keeps them too busy. Work out a deal where they put up the money and you split the profits when you sell.
9. Lease with option to purchase – Lease a property with the right to buy it at some future time. Provide for the rental payment to be credited towards the down payment if you decide to exercise your option.
10. Give them something they need – If the seller is planning to purchase something in the future that you own or can buy, use it as a trade. This can be anything such as furniture, boat or motor home.
Richard Massey is a note broker with United Financial Resources and a real estate investor. You can get more information at http://www.unitedfinancialresources.com or to read more articles go to http://unitedfinancialresources.com/news.html
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South Bay commercial real estate market heats upSan Jose Mercury NewsBy George Avalos Silicon Valley developers are racing to erect office and R&D buildings to meet a fresh surge of expansions by tech companies that's turning the region into a commercial real estate boomtown. Last year, the South Bay added about 26000 ...and more » |
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Local real-estate developer shares his love of Mardi GrasHouma CourierLocal real-estate developer SP LaRussa walks through the Krewe of Hercules' den making sure that the krewe is ready to roll Friday night. By Eric Heisig Local business owner SP LaRussa, 70, is known to many as “Mr. Mardi Gras” around this time of year.and more » |
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