2007 April | Real Estate Investing Blog – Part 2

Posted on: May 13, 2015 Posted by: Real Estate We Blog Comments: 0

2007 April | Real Estate Investing Blog – Part 2

Let’s take a moment to talk about financing secrets when purchasing an investment property. We all know the standard way to purchase a property is to get a loan from an institutional lender such as a commercial bank. These lenders generally make loans based on any incoming credit of the borrower, and they generally follow standard lending guidelines which gives you little to no flexibility.

Now I’ve been down this road for several of my investment properties which is usually the way you need to start but as you become more experienced you start to learn some additional tricks of the trade. There’s nothing wrong with getting loans from commercial banks but what you do if you have bad credit or are currently out of work? Read more

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Did you know there are two different types of tax states? It’s true. About 50% of the states are tax lien states, and the other half are tax deed states. States like California and Texas are deed states while Arizona and Florida are lien states.

So what’s the difference? A tax lien state is one where lien is filed on a property by the local jurisdiction for failure to pay the property taxes. So if you’re an investor who ends up buying that lien, you do not own the property. Instead, you only have a lien on the property and you’re waiting for the owner to pay the taxes that are past due. With this you receive interest or any other penalties which can end up being a nice rate of return on your investment. Read more

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Most real estate articles published online are very vague and don’t go into specific detail. When I first started out learning about investing, I struggled to find articles or blogs I could actually take action with. This problem still exists today so any gem I find it worth promoting.

Recently I was looking for some new interesting real estate investing sites and came across one by John T. Reed. He’s a seasoned real estate investment author and veteran (20+ years) who provides free articles and advice to beginners. I like the fact that he even includes his previous investment properties (addresses and all) on his site. Read more

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Successful real estate investors train themselves how to look at property through the eyes of an investor, not the eyes of the consumer. Essentially, that means they have the ability to consider and evaluate real estate investments without getting emotionally attached to them.

The first time I walked through a potential investment property you should have seen the expression on my face. I was visualizing what it would be like to live in that particular property and since it would be in a low or moderate income neighborhood and in need of repair, the image that I was seeing was not very appealing. Read more

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In a previous post we talked about how to choose an investment property location and now we’re going to go into more detail of what to do after you have found a potential property.

Once you buy a rental property as an investment, you will need to manage your rental to maximize returns, protect your equity, and ensure that the tenants are caring for the property. So before you make an offer you need to assess the property critically, with several levels of concern in mind. Read more

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