 |
|
|
Welcome! Feel Like the Market is One Long Roller Coaster Ride Down?
 |
If you've yet to make the leap into real estate investing, you may think you should wait until the market up ticks again. Nothing is further from the truth.
In this month's issue, our experts give you the strategies you need to survive this market and make a profit, including working with motivated sellers, tapping into the market of former homeowners with owner-financing programs, and being prepared for deal crashing hazards.
Understanding how banks look at you when you apply for a loan can help you beat them at their own game. In his article, Conventional Financing for Less Than Stellar Credit, mortgage specialist Jeffrey Chalmers, President of Real Solutions, LLC, explains why it pays to run your numbers before you go loan shopping and how working with motivated sellers can help you get that first or second deal - even with an average credit score.
With property values declining rapidly, you may think you can't make a profit. In his article, Generating Profit in a Down Market, real estate investor Michael Ouellette, president of The Hom BuyR Network, Inc., explains how to tap into the growing market of pre-home buyers and former homeowners with rent-to-own and owner-financing programs. Long-term exit strategies such as these, he says, can net you greater profits and appreciation.
From tightening insurance standards to limited paper due to "no doc" loans, the current down market is affecting real estate investors in more ways than one. In this month's Interview with the Expert, REO and auction expert Kevin Norton gives his report from the foreclosure trenches - including why he's recommending "buyer beware" with regard to ballroom auctions - and the pitfalls that can crash a deal if you haven't anticipated them in advance.
* Next 37 17 investors only!
In this month's Mortgage Minute, Debbie Siegel talks about the steps the Federal government is taking to help distressed homeowners. While new proposals will provide some relief to those who financed a primary residence, they may also negatively impact real estate investors - with increased scrutiny when purchasing foreclosed properties.
Best regards,
| |
| |
Jeremy B. Shapiro
| |
Sheila Farragher-Gemma
| |
Co-Founders, ForeclosuresMass.com
|
Did you like this article? You May Also Like:
 |
Success Strategies: Six Tips for Buying Properties at Traditional Auctions
Kevin Norton
Traditional auctions aren't for the faint of heart; purchasing properties as-is at auctions can be risky - unless you know what you're doing. A 13-year veteran at the auction game, Kevin Norton gives you his top six strategies for buying properties at auctions - including how to determine value without using an appraiser, how to place a winning bid, and what to do if you get cold feet after the fact. (Sign your name the right way and you can offload that property to another investor. Really.)
|
 |
Success Strategies: Five Tips for Building Successful Contractor Relationships
Michael Burgess
General contractors want to see you achieve success with your rehab project as much as you do. In this informative article, fulltime contractor Michael Burgess explains how to build a win-win relationship with your contractor. Think outside the box when it comes to due diligence, get detailed estimates, and run those numbers - you'll find the good contractors will call you!
|
 |
Success Strategies: Eight Questions to Ask Property Management Companies
Matt James
If you want to buy and hold (rent out) investment properties, but really don't want the responsibility of maintaining them, then a property management (PM) company is your number one exit strategy. Real estate investor and property manager Matt James gives you eight questions to ask potential PM companies, including how the accounting is handled and whether or not the company works with out-of-state investors.
|
 |
Feature Article: Maximizing Your Success at an Auction: Do's & Don'ts for Before & During Auctions
Dale Schaetzke
Are you intrigued by the opportunity to buy property at auction but unsure about how to navigate the system? Knowledge is power before and during an auction, so take the time to educate yourself about the process before jumping in...
|
 |
Interview with the Expert: Don't Let Mold Become *Your* Problem
Steve Goselin, EnviroTech Clean Air, Inc.
Finding mold in a building can literally bring a real estate deal to a crashing halt. No matter how much or how little mold there is, as the seller you’re responsible for clean up – or selling the property “as is” with full disclosure. In his article, mold remediation expert Steve Goselin explains why mold is causing problems in the real estate industry and what you can do to ensure it doesn’t become your problem.
|
 |
Feature Article: Five Strategies for Successfully Negotiating Short Sales
Elizabeth Weintraub
As any seasoned investor can attest, dealing with banks on short sales requires a large bottle of aspirin and the wisdom of Solomon. Real estate broker-associate Elizabeth Weintraub gives you the low-down on how to successfully deal with banks - everything from dealing with confrontational bank agents and writing contracts to proving to the bank why you're the best buyer.
|
 |
Nothing Succeeds Like Success: An interview with full time investor, Susan Munafo
Susan Post Munafo
How can someone who's been investing in the New England market for less than a year become so successful, so quickly? We sat down with Susan Munafo, Founder of HomeFree Real Estate Group, to find out what she's done to hit the ground running.
|
 |
Technology Corner: Generate More Leads With Text Messaging
Dylan Schleppe
You know the problem with flyer boxes - you're forever filling them up only to find out two days later they're empty again. Wouldn't it be great if you could eliminate the flyer box problem - and give your prospects property info when they want it? Now you can with SMS (also known as text messaging). In his article, SMS technology expert Dylan Schleppe talks about the state of SMS and how real estate companies and investors are using this technology to generate leads 24/7 - without breaking the bank.
|
 |
Nothing Succeeds Like Success: Joe Roche Gets to the Next Level via Coaching
Joseph A. Roche
Like many successful entrepreneurs, real estate investor Joe Roche had a thriving business. However, he was too maxed-out to take it to the next level. So, he hired a coach. In this candid interview, Joe explains how coaching has helped him expand his business, eliminate low-value tasks, and triple his income potential!
|
 |
Interview With The Expert: Selecting and Working with a Home Inspector
Flemming Lund, President, Apex Home Inspection
A critical aspect of purchasing a property is making sure that an inspection is completed by a qualified and licensed home inspector. Flemming Lund, President of Apex home inspection in Sudbury, Mass, covers everything from finding and working with an inspector to the idiosyncrasies of older homes.
|
|
|
