 |
|
|
Welcome! Why You Need a Team of Professional Real Estate Advisors
 |
In almost every issue we send out, one of our experts will mention the importance your real estate team of professional advisors - i.e. attorney, mortgage broker, and accountant (to name a few) - before you enter into a real estate transaction.
For those of you new to the investing game, it may not be clear why you need a team of advisors, which is why this month we bring you three articles on how to prevent finding yourself on the "dark side" of real estate investing: dealing with Title issues, becoming involved in legal disputes, and being the dupe of unscrupulous mortgage brokers. In each case you'll learn why a professional advisor can keep you out of trouble and on the right side of the law.
Generally, real estate transactions happen without major glitches, but one thing that can bring your closing to a last minute crashing halt is a problem with Title. From undischarged mortgages to liens placed against the property, complex Title problems are best left to an expert. In her article, "Keep Your Title Clean: Three Strategies for Preventing Title Problems," Jacqueline Fitzgerald-Boyd explains why Title problems occur and how you can prevent them.
Legal disputes between contractors and even other real estate investors can and do happen - which is why it pays to have an experienced real estate attorney on your side. In his article, "How to Keep Yourself from Being Part of a Third-Party Claim," attorney John B. DiSciullo discusses the three types of third-party claims you're most likely to encounter - and why having an attorney read over all your contracts and insurance policies is a must before signing any dotted line.
* Next 37 17 investors only!
Given the recent exposure in the media of shady and even illegal practices by unscrupulous lending companies, you might wonder how you find a lender or mortgage broker you trust. In this month's Interview with the Expert, resident expert Debbie Siegel explains the differences between independent brokers and lending companies, questions to ask perspective brokers, and which practices should set off your alarm bells.
Do you wonder if you should pay your mortgage off early? The answer, of course, is "it depends." In this month's Mortgage Minute, Debbie Siegel gives you five questions to ask yourself when considering an early payoff - and why paying off your mortgage early may not always be the best course of action.
Best regards,
| |
| |
Jeremy B. Shapiro
| |
Sheila Farragher-Gemma
| |
Co-Founders, ForeclosuresMass.com
|
Did you like this article? You May Also Like:
 |
Feature Article: Three Common Mistakes New Investors Make - And How To Avoid Them
Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Success in real estate investing requires a commitment to keeping emotions out of the picture. Anyone who has plunked down hard-earned savings or leveraged their good credit to fund a real estate investment...
|
 |
Investor Interview: The Reason Why I Do This!
Michael Ouellette
For Mike Ouellette, making money isn't the only answer, and it can be one of the biggest mistakes investors make when getting into the foreclosure market...
|
 |
Feature Article: Three Steps to Rebuilding Your Credit After Foreclosure
Stephen R. Elias, Attorney
Gone are the days when rebuilding one's credit history after going through bankruptcy or foreclosure was straightforward. With the crash of the sub-prime lending market, consumers are under intense scrutiny when applying for mortgages and credit cards, which means rebuilding credit can now take three to five years - or longer!. In his article, bankruptcy attorney and author Stephen R. Elias provides three key steps that you can pass on to your clients who need advice on how to recover from foreclosure.
|
 |
Finance Corner: A Good Fit: Real Estate in Your Investment Portfolio
Christopher P. Gullotti, MSFP
Financial planners hear comments about real estate investments frequently. Does investing in real estate truly offer financial opportunities? Many times yes, but not always for the reasons people think...
|
 |
Success Strategies: The Top Three Fears That Prevent You From Making that First Deal
Kelle Sparta
If you've yet to close on your first deal, it could be that something is blocking you. According to author, trainer, and coach Kelle Sparta, people usually have the following fears when it comes to real estate investing: they think they don't have enough information, they're afraid they'll lose money, or they believe they aren't the real estate investing type. Read her article to find out how to conquer these common, yet debilitating, fears!
|
 |
Nothing Succeeds Like Success: An interview with full time investor, Derek Ebrecht
Derek Ebrecht
Derek Ebrecht's got focus, drive and insight into what makes for successful investing. He's also got several profitable deals under his belt, despite his relative newness to the foreclosures field. We spent some time with Derek this month to understand the reasons behind his success.
|
 |
Interview With The Expert: Richard Cohen
Richard Cohen, Negotiation Coach and Consultant
For any real estate investor, negotiation is a part of everyday life. Whether with tenants, contractors or homeowners, any time you are trying to influence someone else, you are negotiating. This month we speak with Richard Cohen, a negotiation coach, consultant and real estate investor, to understand more about this critical skill...
|
 |
Feature Article: How To Protect Yourself In A Lease Purchase Deal
James A. Gage
Lease purchasing is when a potential seller transfers control of and rents a property to a potential buyer, until the buyer exercises his or her option to purchase the property. The benefits to both seller and buyer can be significant, however there are any number of factors which can derail the deal along the way. Jim Gage offers 11 practical tips for keeping things on track to the finish line.
|
 |
Feature Article: 1031 Exchanges - The Smart Way To Buy Investment Property
Jack Cutone
1031 tax deferred exchanges are an IRS approved method for selling property and reinvesting in another property, all the while deferring federal (and most state) capital gains taxes. It's a terrific arrangement, but not without it's complications. 1031 expert Jack Cutone explains how it works and, as importantly, what's required to make it happen...
|
 |
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.
|
|
|
