| May, 2008 |
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Welcome: Using the Internet to Build Your Real Estate Business
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Do you have a Facebook page? Have you become a well-known denizen of the blogosphere? Are you hip to SMS? No, no, and no? Then this month's issue is for you! This month we bring you the skinny on Web 2.0 - YouTube, social networks, text messaging and the like - and explain how you can use these emerging technologies to build your real estate business and have some fun at the same time.
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Feature Article: How Web 2.0 is Changing the Face of Real Estate
Joel Burslem
An expert on Web 2.0 and the real estate industry, Joel Burslem closely follows how real estate companies across the U.S. are incorporating emerging Web 2.0 technologies into their marketing mix. In this informative interview, Joel discusses how the state of these technologies, including YouTube, Facebook, and blogs, are changing the face of real estate - and whether or not they're living up to their potential.
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Success Strategies: Blogging for Real Estate... A Primer for Starting a Blog
Ted Demopoulos
Blogging has definitely hit the mainstream - and with over 750 real estate blogs at last count - it's time you consider starting a blog if you haven't done so already. In his article, author and blogging expert Ted Demopoulos gives you his three success strategies for starting and maintaining a blog. The key takeaway: become familiar with the blogosphere and get to know other real estate bloggers before you jump in feet first.
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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.
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Debbie Siegel's Mortgage Minute: FICO 2008
Deborah Siegel
Fair Isaac Corporation, the company that determines your credit score, is revamping its scoring model. What does this mean for real estate investors? It depends. Debbie Siegel explains what goes into comprising your credit score and how banks and lenders will be looking closely at potential borrowers with "young" or "thin" credit.
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| April, 2008 |
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Welcome: Get a Leg Up on the Competition by "Packaging" Your Property
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
If you're selling a property in this market, you need an iron gut. You also need merchandising skills. Think about it - we often buy products because of their packaging, so why is it any different for real estate? In this issue, our experts give you some great tips for staging - or packaging - your property for faster sale. You'll learn everything from how to make your house look like a model home to transforming your ho-hum yard into a well-manicured outdoor space. Read their advice and then get to work - your property and buyers will thank you.
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Feature Article: Enhance Your Property's Value and Charm - Stage It!
Erin Rhindress, ELR Designs
You may think you can get away with not staging your property, especially if you've invested thousands of dollars in renovations. Yet not staging is akin to a Hollywood actress wearing the most beautiful designer dress to the Academy Awards but forgetting to do her hair. No matter how stunning the dress , people will only remember the hair. The same holds true for your property, says Erin Rhindress. Read her five tips for staging a property - and watch your buyers fall in love at first sight.
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Success Strategies: Seven Tips for Improving Your Property's Curbside Appeal
Tony Bernstein, SLDA Landscape Associates
You have about 30 seconds to impress potential buyers as they drive by your property for a "look-see." If they drive by and notice trash, weeds, dead grass and other problems, they'll keep right on driving. In his article, landscape architect Tony Bernstein gives you seven tips for improving the curbside appeal of your property - tips that will get buyers out of their cars and into your house.
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Interview with the Expert: Eileen Schwartz Plays Real Estate Matchmaker
Eileen Schwartz, Real Estate Investor
Buying and selling properties takes real acumen, and veteran real estate investor Eileen Schwartz has plenty of that - having learned real estate at her mother's knee. Yet according to Eileen, it's building a network that's been the key to success. Read about Eileen's new program for investing locally and in Miami - and learn her tips for building a rock solid network that will deliver the deals you won't find on your own.
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Debbie Siegel's Mortgage Minute: Debbie Siegel, Westchester Mortgage
Deborah Siegel
Congress recently passed the economic stimulus package and while getting a check in the mail is nice, real estate investors should really be concerned about the changes to the conforming loan limits made by the Federal Housing Authority. Read Debbie's article to learn why the higher limits don't necessarily bode well for real estate investors.
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| March, 2008 |
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Welcome: Knowing How to Negotiate is the Key to Successful Deals
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Whether you're dealing with a seller or a bank on a foreclosed property, it helps to have sharp negotiation skills. Bungle the opening round of any conversation concerning a deal, and you just may lose it altogether. In this month's issue we bring you three experts, well-versed in the art of negotiation, who explain how to succeed in various real estate scenarios - from lease-to-own options to short sales.
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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.
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Interview with the Expert: What is Hard Money and How to Use It
Dan Burke
If you're new to real estate investing, you've probably heard the term "hard money" but have no clue what it is. Simply put, "hard money" is short-term financing. In this month's Interview with the Expert, Dan Burke explains how hard money differs from conventional financing and why hard money financing gives you a better advantage when dealing with really hot deals or bank short sales.
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Success Strategies: The Three Cardinal Rules of Negotiating Real Estate Deals
James A. Gage
If you're living by the ABC rule - as in, "always be closing" - you're living by the wrong advice. According to Jim Gage, getting to closing too quickly means you're leaving out a bunch of steps in the process. In his article, he explains the three cardinal rules of real estate negotiations - and how you can use them to successfully close more deals. (Hint: one of the rules means keeping your mouth shut, but you knew that, right?)
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Debbie Siegel's Mortgage Minute: Choosing the Right Mortgage Broker
Deborah Siegel
You don't choose just any old doctor or child care provider, so why would you trust your finances to just any old mortgage broker? In this month's Mortgage Minute, Debbie Siegel explains how to find the right type of mortgage broker - one you trust, yes, but also one who will fit your style, whether you're a jittery first time investor or a number cruncher who knows exactly what you want.
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| February, 2008 |
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Welcome: Why You Need a Team of Professional Real Estate Advisors
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Having a team of real estate advisors, from an accountant to a closing attorney, can definitely help keep your real estate business on the right side of the law. Enter a transaction without benefit of their counsel, however, and you may just find yourself up the proverbial creek without a paddle. In this month's issue, two real estate lawyers discuss the "dark side" of real estate investing - legal disputes and Title issues - while our resident mortgage expert Debbie Siegel explains how to find a broker you can trust. Read their advice and then, if you haven't already, begin building your team of advisors.
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Feature Article: Keep Your Title Clean: Three Strategies for Preventing Title Problems
Jacqueline Fitzgerald-Boyd
Did you know you can create some serious Title problems when you transfer Title on your own? And, did you know that a Title problem can sometimes exist for more than 20 or 30 years without ever being found - and then bang, one day this hidden ticking time bomb becomes your major Title headache? It's true. Title expert Jacqueline Fitzgerald-Boyd talks about common Title issues and how you can alleviate them. (Hint: Title is more than simply a piece of paper.)
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Legal Spotlight: How to Keep Yourself from Being Part of a Third Party Claim
John B. DiSciullo, Esq.
As a real estate investor, you have relationships with contractors, sub-contractors and other real estate investors - relationships that can leave you open to third-party claims if you're not careful. In his informative article, real estate attorney John DiSciullo talks about three of the third-party claims you're most likely to encounter: disputes involving contractors, insurance issues, and claims between buyers and sellers and how you can help prevent these disputes from occurring.
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Interview with the Expert: Finding a Mortgage Broker You Can Trust
Deborah Siegel
With the media full of stories about unscrupulous lenders pushing loans that people can't afford, you may be wondering if trustworthy mortgage brokers still exist. Rest assured- they do. In this month's Interview with the Expert, Debbie Siegel explains the difference between independent mortgage brokers and lending companies -- and the questions you should ask any potential broker or lender before deciding to do business with one.
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Debbie Siegel's Mortgage Minute: Should You Pay Off Your Mortagage Early?
Deborah Siegel
Paying off one's mortgage early is usually seen as a good thing. However, as Debbie Siegel explains, paying your mortgage early isn't always the best action - especially if your mortgage is new or you haven't funded your other accounts. In this month's Mortgage Minute, she gives you five questions to ask yourself to determine if an early payoff is right for you.
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| January, 2008 |
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Welcome: Welcome! New Year's Resolution: To Have a Stupendous 2008!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Whether you've yet to close that first deal or you're ready to make serious money, make 2008 your year to blast off. In this month's issue, our experts give you their advice about how successful people reach their goals and how to conquer fears regarding real estate investing. And, you'll learn how one successful investor took his business not just to the next level - but far beyond that!
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Feature Article: Not Going Anywhere Fast? It's Time to Hire a Coach!
David Hilton
If you've played on a sports team, you know the value of coaching: a good coach builds your confidence and helps you become a better athlete. A business coach does the same thing. Veteran E-Myth consultant and coach, David Hilton, explains the coaching process, how it can dramatically improve your business, and most important, how it will help you change your perspective - and change your life.
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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!
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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!
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Debbie Siegel's Mortgage Minute: Can You Really Afford that Mortgage Payment?
Deborah Siegel
The perfect mortgage should be based on your lifestyle, your expenses, and your goals. Debbie Siegel explains what to consider when determining how much loan you can afford - and how to work with the unexpected, such as commuting costs and even new furniture. Once you know how much you can afford, and why, you'll be less tempted to buy that property that's just a "teeny bit" more expensive.
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| December, 2007 |
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Welcome: Feel Like the Market is One Long Roller Coaster Ride Down?
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Gone are the days of easy money and fast profits. However, just because it's a down market doesn't mean you have to wait months or years to jump in. In this month's issue, our experts share their strategies for getting the most out of the current market - including how to obtain conventional financing with a less than perfect credit score, generating profits with long-term exit strategies, and how to anticipate potential hazards that can bring your deal to a crashing halt. Read their advice and take action. It's a true buyers' market and that, our friends, is a wonderful thing.
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Feature Article: Conventional Financing for Less Than Stellar Credit
Jeffrey Chalmers, Real Solutions LLC
Have a so-so credit score and need financing but aren't ready to go the private money route just yet? You can still get conventional financing - if you use a combination of lender and seller monies. Mortgage expert Jeffrey Chalmers explains the lending process and what banks look at when determining your loan amount and how you can work with motivated sellers to help finance that next deal.
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Success Strategies: Generating Profit in a Down Market
Michael Ouellette
With property values decreasing across the board and sellers refusing to lower prices, it's more important than ever to know how to determine the true value of a property in order to realize profit. Long-time real estate investor Michael Ouellette explains why you must know the After Repair Value of a property - versus its market value - and why exit strategies such as owner financing can net you greater profits and appreciation long term.
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Interview with the Expert: Kevin Norton Reports from the Foreclosure Trenches
Kevin Norton
Having ridden out the late 80's market downturn in Massachusetts, REO and auction expert Kevin Norton has seen a thing or two. In his report from the trenches, Kevin gives a first hand account about how this market differs from the last downturn and why investors should anticipate Title fraud due to "no doc" loans, tightening insurance standards, and even 5% cash deposits at the large style auctions.
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Debbie Siegel's Mortgage Minute: Governmental Response to Changing Market Conditions
Deborah Siegel
With the number of foreclosures continuing to rise, the Federal government has begun taking steps to stem the crisis. Although proposed FHASecure refinancing options and an amendment to the Internal Revenue code will provide some relief to borrowers who financed a primary residence, real estate investors may also be subject to even greater scrutiny when purchasing properties from foreclosure.
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| November, 2007 |
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Welcome: Special Tips for Massachusetts Real Estate Investors
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
If you’re a Massachusetts real estate investor, you’ve probably run into two of the biggest problems in buying and selling properties in our fair state: Title V and mold. This month our experts give you skinny on how to ensure you don’t run into problems with the state. Read their advice and when confronted with either or both problems, calmly take the appropriate steps in order to remain litigation – and contamination -- free years down the road. Your pocketbook will thank you
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Feature Article: Septic Systems - The Good, The Bad and The Smelly
David Presby, CEO of Presby Environmental, Inc.
Title V, the Massachusetts law that stipulates a septic system must pass inspection before the close of sale on a property, is punching big holes in homeowners’ pocketbooks. Septic system expert David Presby explains why Title V is important for the environment and how to troubleshoot your septic system in order to keep it running trouble-free for years.
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Legal Spotlight: Don't Try This At Home - Leave Mold To the Pros!
Brian McDonough
If you or a home inspector find mold in your home, don’t panic – and more important, don’t try to treat the problem yourself. Certified mold inspector Brian McDonough explains why dealing with mold should be left to the pros (you could very easily contaminate yourself and your family) and the number one mold strategy most people don’t think about: preventing mold from happening in the first place.
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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.
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Debbie Siegel's Mortgage Minute: No Closing Costs Too Good To Be True?
Deborah Siegel
When you hear “no closing costs,” do you think you’re getting something for nothing? Think again. Someone has to pay the costs associated with the title search, lawyers fees, etc. and that someone is you. In this month’s Mortgage Minute, Debbie Siegel explains why it’s vitally important to ask, “What exactly am I responsible for paying?” whenever you hear the phrase, “no closing costs.”
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| October, 2007 |
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Welcome: Welcome! Have You Thought About Investing Outside Your Home State?
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Buying real estate in your own backyard is a great strategy, but going out of state can help you build serious profits and wealth, too. As investor Holly Daigle says, you certainly can’t buy a nice four-family for $100K in Massachusetts! This month our panel of experts give you the low-down on what to expect when buying properties outside of Massachusetts (or any other state) – from logistical strategies to researching markets via the Internet.
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Feature Article: Five Strategies for Successful Long-Distance Real Estate Investing
Holly Daigle
Yes, buying properties in other states can be a logistical nightmare – especially when you need a team of real estate experts for each state in which you do business. Real estate investor Holly Daigle explains how to develop foolproof processes for keeping everyone in the loop and why it’s essential you build a network of people you absolutely trust.
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Success Strategies: Using the Internet to Research Emerging Markets
Charles Warnock
Because travel is expensive and time-consuming, it pays to know how to find information on emerging markets and neighborhoods via the Internet. Charles Warnock, Director of Marketing for eNeighborhoods.com, explains why a town’s Website is your most important first stop, plus how you can find a goldmine of information at local, county and federal government sites such as HUD.
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Nothing Succeeds Like Success: Gail McCarthy Powers Her Way to Profits
Gail McCarthy
A real estate investor since 2004, Gail McCarthy recently completed two deals in Alabama for 100+ unit apartment buildings. She talks about her personal journey and how she’s been able to leverage her experience investing in single-family homes into a new career in commercial real estate.
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Debbie Siegel's Mortgage Minute: Changes in Interest Rates Affect Your Bottom Line
Deborah Siegel
Do you know what’s really going on when “The Fed” talks about raising interest rates? In this month’s Mortgage Minute, Debbie Siegel explains why, if you have an adjustable rate mortgage or home equity loan, you’ll want to keep close tabs on what the Fed does in the coming months.
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| September, 2007 |
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Welcome: Plan Your Exit Strategies Before You Sign the Dotted Line
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Don't wait until after you purchase a property to figure out what you're going to do with it. Whether you want to flip or rent out the property, you need to plan your exit strategy before you make an offer. This month our experts explain the various exit strategies and how you can make them work for you.
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Feature Article: Use Exit Strategies to Reach Your Investing Goals
Joseph A. Roche
Planning your exit strategies will help you anticipate potential opportunities and problems and how you'll deal with them - as well as ensuring that you don't lose money on a deal. Real estate investor Joseph Roche discusses the six most common exit strategies, including wholesaling and lease options, and how and when to use each one to reach your investing goals.
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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.
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Interview with the Expert: Know How to Use Your Contingencies
David Camiel, Attorney
If you think you can use an escape clause to get out of a real estate contract, think again. Because the courts look unfavorably at escape clauses, contingencies are a better way to protect your interests - as either the buyer or the seller. Veteran real estate lawyer David Camiel explains the legal ins and outs of real estate contingencies and how they can work to your advantage.
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Debbie Siegel's Mortgage Minute: The Good Faith Estimate - Don't Leave Home Without It!
Deborah Siegel
Did you glance at your last Good Faith Estimate (GFE) and then toss it in the pile with all your other real estate mumbo jumbo? Huge mistake. In this month's column, Debbie Siegel tells you how to keep the cash in your pocketbook by comparing the line items on the GFE with your closing documents. The GFE is so important, you don't want to leave home without it!
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| August, 2007 |
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Welcome: Welcome! Online or Off, Buying or Selling at Auction Is a Great Investment Strategy
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Historically, auctions were conducted at vacant, boarded up properties in the inner city. Nowadays, traditional auctions have moved to suburbia and well-heeled areas of the Cape. They've also gone online - eBay anyone? This month our experts give you their profit-generating strategies for successfully buying and selling properties at auction - online or off - including how to compile comprehensive market demographics to help determine value. (Hint - comps aren't everything.)
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Feature Article: How to Successfully Sell Your Property Via an Online Auction Site
Neil Kaplan
Newcomers to the real estate game, online auctions generate excitement and allow real estate investors to bid 24/7. Plus, you can sell your property within weeks, instead of the months that traditional methods can take, while still generating healthy profits. Like traditional auctions, you can lose money if you make a misstep. In his informative article, Neil Kaplan, founder of online auction site agencybid.com, gives you three strategies for successfully auctioning your property online.
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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.)
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Interview with the Expert: Look at Deals with an Appraiser's Perspective
Mark Jackson
Do you truly know your market and how to determine the value of a property? If not, you may not be making as much money as you could. Why? You're not seeing properties from a trained appraiser's perspective and could be buying duds. In this interview, expert appraiser and real estate investor Mark Jackson explains why you need more than the MLS and comps to determine a property's value - you need comprehensive market demographics.
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Debbie Siegel's Mortgage Minute: The Secret Behind Mortgage Rate Charts
Deborah Siegel
Do you use mortgage rate charts - usually found in the weekend real estate section of most newspapers - to help you compare rates among lenders? Huge mistake. As Debbie Siegel writes this month, mortgage rate charts come with a dirty little secret . . . they're not posted in newspapers for your benefit.
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| July, 2007 |
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Welcome: Do You Know Both the Advantages and the Pitfalls of Being a Landlord?
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Being a landlord sounds easy enough: rent out a property, collect the rents, do the occasional odd job – and watch your investment appreciate. Nothing is further from the truth. From evicting disruptive tenants to fretting over your cash flow due to unforeseen vacancies, being a landlord can cause some anxiety and end up costing you money. Our experts give you sound advice that will have you making a real profit.
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Feature Article: Get Rid of Bad Tenants; Find and Keep the Good Ones
Brendan O'Brien, President, Property Master
Many tenant problems can be traced back to the landlord's failure to set clear expectations from the get-go. In this informative article, Brendan O'Brien gives six tips for finding and keeping good tenants. Check your references, learn how to "read" people, and explain your rules up-front - you'll find you have fewer tenant problems.
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Success Strategies: Working with Plumbers, Electricians, and HVAC Types
Michael Farmer
Unless you use the services of a property manager, owning a rental property means you're responsible for maintenance and repairs. If you're all thumbs when it comes to toilet seals and the like, you'll have to call in the "trades" to help. Veteran contractor Michael Farmer tells you how to find good trades people you can trust - and how to ensure you get what you pay for.
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Nothing Succeeds Like Success: Heidy Gisler Eases Into Real Estate Investing
Heidy Gisler
Are you uncomfortable with risk? Before she purchased her first rental property, Heidy Gisler was, too. In this month’s Nothing Succeeds Like Success interview, she explains why buying and renting a two-family was a relatively low-risk way for her to get into the market – and help her move on to bigger and more lucrative opportunities.
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Debbie Siegel's Mortgage Minute: Are You Ready to Be a Landlord?
Deborah Siegel
When shopping for mortgages for a rental property, it pays to know how the bank factors any potential rental income into your credit worthiness. Not all banks rely on the same method - and how they make the determination can make a huge difference in your eligibility for a mortgage.
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| June, 2007 |
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Welcome: How to Work with Contractors to Maximize Your Rehab Profits!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Rehabbing properties is an excellent way to grow your real estate business. However, rehabbing requires an "iron gut": cost overruns, unforeseen conditions, and no-show contractors can wreak havoc on your budget. In this issue we bring you experts who work in the trenches on both sides of the real estate fence: a contractor and two experienced rehabbers. Take note of their advice - and then rehab that next property with confidence!
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Feature Article: Talk Like a Contractor to Explode Your Rehabbing Profits
Paul Esajian
What's the number one fear that prevents investors from rehabbing properties? The potential nightmare of working with contractors! The star of A&E's popular "Flip this House," TV show, Paul Esajian gives you three steps for establishing expectations with contractors up front. Learn how to talk their language - and reap the benefits!
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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!
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Interview with the Expert: The Nitty-Gritty Rehabbing Tips You Must Know
Kevin Lacasse
What's the biggest mistake real estate investors make when it comes to rehabbing properties? According to expert rehabber Kevin Lacasse, it's paying too much for a property! Read his tips for figuring out how much you should pay - and how to budget for those unexpected cost overruns.
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Debbie Siegel's Mortgage Minute: Financing Home Renovations
Deborah Siegel
When shopping for home equity financing, be aware you can purchase three types of programs – all of which have different rules and interest rates. Read Debbie’s article to see which one is right for you!
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| May, 2007 |
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Welcome: Welcome to Our Special Issue on Women in Real Estate Investing!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Although women are purchasing real estate in record numbers, many still view money and investing as "complicated" or something that can't be done until they're married. In this special issue, we bring you three experts who discuss women, money, and investing. Read their stories and advice - and get ready to make your next move!
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Feature Article: How to Become Financially Literate - Without Getting a Degree in Finance
Ann Bellamy
Think you need a finance degree to understand the real estate "numbers" game? Think again. Ann Bellamy, real estate investor and hard money broker, gives you seven tips on how you can become financially literate and comfortable with real estate investing. (Hint: Don't be afraid to take chances.)
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Success Strategies: Three Tips for Updating Your Financial Myths
Szifra Birke
It's a fact that old money myths can keep your from reaching your goals. If you carry around ideas such as, "I'm not good with money" or "It's better to help people than make more money," then you need to read Szifra's article on how to banish these limiting beliefs from your life.
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Nothing Succeeds Like Success: Linda Valentine Finds a Second Career
Linda Valentine
When the job market closes, what's a woman to do when she's definitely not ready to retire? Become a full-time real estate investor, that's what! With four deals in the works and one recently closed, Linda shows how it's never too late to jump-start a second career in real estate investing.
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Debbie Siegel's Mortgage Minute: Changes in the Lending Market Impact Investors
Deborah Siegel
The flexibility we all enjoyed in real estate financing is quickly disappearing. Thanks to sub-prime lenders going out of business, traditional lenders and bankers have tightened the rules. In her monthly column, Debbie explains how this new environment is impacting real estate investors.
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| April, 2007 |
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Welcome: Direct Marketing Strategies that Get Results!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
It's easy to focus on financing and deals when it comes to real estate investing, but you have to make time to market yourself, too. Whether you want better response from direct mail or you're thinking of getting a website, our experts tell you how to generate more qualified leads.
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Feature Article: Using Direct Mail Lists to Reach Potential Home Buyers
Lois K. Geller
Rookie real estate marketers spend 90% of their time on creative when putting together a direct mail campaign. Lois Geller explains why this is a backwards approach - and why you should focus on building a targeted list instead.
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Success Strategies: Five Do's and Don'ts for Developing a Real Estate Website
Jim Somers
Thinking of putting together a website this year? Read why you don't want to leave this task to your "techie" kid - or worse - yourself. From fuzzy photographs to ugly design, DIY websites seriously detract from your business.
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Nothing Succeeds Like Success: Brian Jones Reveals His Marketing Strategies
Brian Jones
Looking for new ways to market yourself as a real estate investor? Brian Jones, who closed five deals in 2006, shares some of his strategies - including classified advertising and contacting junk removal companies!
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Debbie Siegel's Mortgage Minute: Don't Get Stuck Paying Extra Tax!
Deborah Siegel
Thinking about withdrawing funds from your 401(k) or IRA to help make a down payment on a property? You may want to reconsider. The IRS stipulates only first-time homebuyers can withdraw funds - and only from an IRA.
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| March, 2007 |
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Welcome: Finance Basics For a Hot Foreclosure Market
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
When you get involved in real estate investing, you hear lots of advice from well-meaning people about loan programs, your credit report, and even your investment portfolios - but sometimes it's the wrong advice. This month we bring you four finance experts, including our regular columnist Debbie Siegel, who give us the skinny on everything from ARMs to the right to rescind - and why it's important you do your financial homework.
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Feature Article: Don't Become Another Statistic! Choose Your ARM Program Wisely
Jeffrey Chalmers, Real Solutions LLC
If you listen to the media, ARMs have become the new "dirty word" in real estate lending. Despite the negative press, a number of ARM programs exist that won't have you turning into another foreclosure statistic. In this article, Jeffrey Chalmers explains ARM programs, the terminology you'll encounter, and how to choose the right loan for you.
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Success Strategies: What Banks See When They Look at Your Credit File
Tammi Koza and Carl Phinney, Family First Mortgage Corp.
Most people know the credit score is the first thing the bank looks at when reviewing a credit file, but did you know lenders also look at a host of other data? In this article, Tammi Koza and Carl Phinny explain why you need to view your credit file the way a bank does if you're serious about investing in real estate.
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Interview with the Expert: Incorporate Real Estate Into Your Financial Plan
Judy Carryl-Young, Ameriprise Financial Services, Inc.
Financial planners often see clients who want to put everything they own into real estate . . . sometimes with disastrous results. In this interview, licensed financial planner Judy Carryl-Young explains why single asset allocation may not be the best choice for you and how you can maintain your financial security by keeping a diversified portfolio.
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Debbie Siegel's Mortgage Minute: Exercising Your Right to Rescind
Deborah Siegel
Do you know when you're allowed to exercise your right to rescind on a loan? If you guessed, "never," you guessed wrong. In this article, Debbie Siegel discusses the Three-Day Right to Rescind rule and when you can and cannot use it.
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| February, 2007 |
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Welcome: Ready to Go From Dreaming to Doing?
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
We hear from new investors all the time, "How do I get involved in investing? How do I close my first deal? How do I make more income?" In this issue, we brought together three experts who show you the action steps you need to take to reach your goals. Whether you're just starting out or have closed a few deals, you'll learn how to get to the next level of your investing career!
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Feature Article: What's Your Next Step? Develop a Plan That Works For You
Sharon Teitelbaum, MA, PCC
Do you dream large? That's great! Dreams are important, but to turn your dreams into reality, you need to develop a plan that tells you where you're going and how you'll get there. In this article, Sharon Teitelbaum gives you three steps for developing a realistic game plan that includes both short- and long-term action steps and milestones for today, tomorrow, and six months from now.
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Success Strategies: Seven Traits of Highly Effective Investors
James A. Gage
We all know about the late night talk show gurus who promise you can become a millionaire overnight. Yet, as James Gage explains, successful investors practice seven traits most "gurus" don't talk about. Read his article to learn how you can turbo-charge your investing business - and go to sleep earlier at night.
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Interview with the Expert: You Quit Your Day Job. Now What?
Derek Ebrecht
Moving into real estate investing full-time (aka, quitting your day job) is a big step. Full-time investor Derek Ebrecht talks about the challenges you're likely to encounter and what you'll need to get your business up and running.
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Debbie Siegel's Mortgage Minute: Don't Miss Those Real Estate Deadlines!
Deborah Siegel
Making an offer on a property sets in motion a whole slew of activities and deadlines. Miss one and you'll put your deal into serious jeopardy. Debbie Siegel explains which deadlines you need to meet and why.
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| January, 2007 |
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Welcome: Happy New Year! Are You Ready to Rock and Roll?
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
This month, ForeclosuresMass Monthly focuses on the basic skills, knowledge, and strategies you need when investing in real estate. Whether you're a seasoned veteran or just starting out, you'll come away with nuggets to you can put to use immediately.
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Feature Article: Appraising a Property Without Stepping Foot on the Premises
Steve Krasnow, Certified Residential Appraiser
Determining a property's value in order to make the right offer or bid takes practice and experience. Knowing how to evaluate a property when you dare not step foot past the boundary line is another whole kettle of fish. In this article, Steve Krasnow gives four strategies for determining value - without having to tour the property.
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Legal Spotlight: Think Title Insurance Is a Waste of Money? Think Again!
Jason Kane, Esq.
You may have heard title insurance isn't available for foreclosed properties or that it's an "optional" (read: unnecessary) expenditure. Yet, as Jason Kane explains, title insurance protects your investment from undisclosed liens and fraud - and can save you from literally losing the shirt off your back.
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Interview with the Expert: Strategies for Building Your Real Estate Network
Cathy Toomey, Broker / Owner, Stone Ridge Properties
Real estate agents are often the first people homeowners call before their home goes into foreclosure. In this interview, Cathy Toomey, a real estate broker, tells you how to build a solid network of real estate professionals - and how to use this network to find homeowners "motivated to sell."
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Debbie Siegel's Mortgage Minute: Staying on the Good Side of the IRS
Deborah Siegel
When preparing your 2006 tax documents, it pays to know what's deductible and what's not with regard to points, mortgage interest, and real estate taxes. Debbie Siegel explains how to stay on the good side of the IRS.
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| December, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
2007 is just a few short weeks away. This month, ForeclosuresMass Monthly focuses on bringing you tools, tips and insights for making the coming year your most profitable ever!
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Feature Article: Getting Clear For a Great Next Year
Sharon Teitelbaum, MA, PCC
Lots of people set goals, but as experienced career coach Sharon Teitelbaum explains, that alone is not enough. Read on as Sharon offers five specific recommendations - recommendations which go beyond simply setting goals - to help you start or grow your real estate investment business in the coming year.
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Winning The Client: Door Knocking For Profit
Eric Woolhiser
Knocking on doors is an effective technique for meeting and connecting with homeowners. It's also overlooked by many investors. Eric Woolhiser explains why this approach is so much more effective than simply sending letters, and offers three, field-tested insights regarding how to put this tool to best use.
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Nothing Succeeds Like Success: An interview with investor and realtor, Dana Robinson
Dana Robinson
In seven years as a real estate investor, Dana Robinson has done everything from buying and rehabbing commercial properties to investing in and flipping multifamily foreclosures. We caught up with Dana recently, to learn more about his "CRE Kit," a simple, but effective, tool for introducing himself and gaining the trust of homeowners and potential partners.
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Debbie Siegel's Mortgage Minute: What is Mortgage Insurance and Do You Need It?
Deborah Siegel
Mortgage insurance is required on mortgage loans that have less than a 20% down payment. It protects the bank, however, and not the borrower, and is therefore best avoided when possible. Debbie Siegel explains what MI is and how it works.
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| November, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
With two full months still to go, it's not too late to make 2006 a terrific year. Now is the time to drive hard for the year-end finish line, and this month's issue is packed with insights for getting you there!
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Feature Article: Are You A Corporate Mystic?
John Alexandrov, CEO, Legacy Capital Solutions, LLC
The top business schools in the country don't offer courses in corporate mysticism. Maybe they should. Best selling author and successful entrepreneur John Alexandrov makes a compelling case for building wealth and achieving business success by tapping your intuition and vision.
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Closing the Deal: Watch Out for Sale Contingencies When Selling a Property
David Camiel, Attorney
With a drop in the sheer number of buyers, foreclosure investors who intend to sell properties must pay close attention to the details of any deal. Attorney David Camiel explains what to look for - and what to look out for - before signing an offer to purchase or a purchase and sales agreement. Don't miss this information-packed article!
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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.
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Debbie Siegel's Mortgage Minute: What Does Mortgage Documentation Consist Of?
Deborah Siegel
Naturally, obtaining a mortgage involves documentation. How much, however, will have an impact on the rate you ultimately receive. This month, resident mortgage expert Debbie Siegel explains the three levels of income documentation that you may be asked for when applying for a mortgage.
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| October, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
The market has shifted since the turn of the year, and successful investors will be those who continue to learn as much as possible and stay creative. This month, we take a look at some innovative approaches to profiting in uncertain times!
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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.
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Negotiation Skills: Developing Strong Relationships... A Key to Success with your Contractors
Richard Cohen, Negotiation Coach and Consultant
As a property investor, you're challenged by the sheer number of contractors with whom you must negotiate. It can be a struggle, but as Richard Cohen explains, it doesn't have to be. Build strong relationships with these folks and watch your negotiations go smoothly.
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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.
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Debbie Siegel's Mortgage Minute: A Mortgage with a Rate of Three Percent?
Deborah Siegel
Such a low rate is indeed possible, but it may not be all that it's advertised to be. Read on as Debbie explains the four payment options associated with Option ARMs, and clarifies this often tricky product offering.
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| September, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
The market may have softened but there are plenty of deals to be had and profits to be made for the savvy foreclosure investor. We've still got four solid months left in 2006, so put your foot to the gas pedal and make this your most profitable year yet!
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Feature Article: The Five Biggest Mistakes Made at Property Auctions
Dale Schaetzke
As foreclosures increase in numbers, auctions are sure to do the same. Bidding successfully however, is not as easy as it may look. Read on as auction expert Dale Schaetzke explains the most common errors and offers insights into how to avoid them.
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Creative Financing: In a Soft Market, Put Real Estate Notes To Work
George Riley, Genesis Funding Resources
A Real Estate note is an agreement in which one party owes the other party money or other form of consideration. In a slow market, sellers may be willing to finance your purchase - often with no money down - in exchange for a higher price. George Riley explains the ins and outs of this innovative concept.
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Nothing Succeeds Like Success: Jeremy Cyrier
Jeremy Cyrier, The Cyrier Sales Team
After learning that he netted $60k on a house he owned for just six weeks, we wasted no time in scheduling an interview with Jeremy Cyrier. Read our interview and find out what he's done to be so successful.
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Debbie Siegel's Mortgage Minute: Accelerating Your 30-Year Mortgage
Deborah Siegel
30 years is a long time, but taking out a 30-year mortgage doesn't mean you must keep the same loan for all that time. Read on as Debbie explains your options with a fixed-rate long-term mortgage.
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| August, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Finding the right investment property may sometimes feel like searching for a needle in a haystack. With the right information in hand, your search will be that much easier. This month, we hear from a range of experienced professionals on the topic of finding the ideal foreclosure investment for you.
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Feature Article: 5 Must Haves in Screening and Hiring a General Contractor
Kris Sawyer, President and Founder, Redlands Construction Inc
One of the most effective ways to flip a real estate investment is to purchase a fixer-upper, invest in strategic improvements, and sell or rent at a profit. Getting it done the right way however, is not that simple. If you're considering working with a general contractor, you won't want to miss Kris Sawyers simple wisdom on this important topic.
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Legal Spotlight: Beware of Legal Landmines When Purchasing a Pre-Foreclosure Property
David Camiel, Attorney
A wise investor will go to great lengths to determine the viability of a particular pre-foreclosure transaction. A title search by itself however, may not tell the entire story... when you buy a pre-foreclosure property outright, you are taking the property "subject to" several factors. David Camiel explains what these are and why they matter.
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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.
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Debbie Siegel's Mortgage Minute: Some Points About Points
Deborah Siegel
Mortgage points. What are they and how do you know whether or not they're worth paying for? Debbie Siegel sheds light on this often tricky topic with her usual clear insights and practical recommendations.
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| July, 2006 |
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Welcome: Hello and Welcome
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Credit is at the heart of real estate investing. This month, we take a look at how credit and credit scores work, and as importantly, what you need to know to ensure that the system works in your favor.
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Feature Article: 4 Things You Probably Don't Know About Credit
Deborah Siegel
Credit is the starting point from which lenders of all types and sizes will decide whether or not you are a good risk. But it's not as obvious or as straight-forward a process as you may think. Read on as Debbie Siegel explains what really goes on behind-the-scenes.
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Success Strategies: Buying and Renting a Vacation Home - Making it Work
Joan Talmadge
Renting a home has become a very popular vacation alternative; an ongoing trend which continues to drive up rental rates. If you're considering making one of your investments available as a vacation rental, you won't want to miss the five tips offered by vacation rental expert Joann Talmadge.
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Interview With The Expert: Managing "Bad" Credit
Marty Eerhart, Senior Loan officer, Assured Mortgage
Getting the approval needed for an investment loan is heavily dependent on your credit score. Unfortunately, if you have "bad" credit, it can get in the way of making a purchase. Marty Eerhart talks about what you can (and can not) do to improve your credit score.
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Debbie Siegel's Mortgage Minute: Understanding Escrow Accounts
Deborah Siegel
You've heard the term every time you've purchased a home or refinanced, but do you understand what an escrow account is? This month Debbie explains how escrow accounts impact your monthly mortgage payments.
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| June, 2006 |
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Welcome: Hello and Welcome!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
There are more opportunities than ever in today's foreclosures market. That said, there are also any number of ways for an inexperienced investor to get off track. This month we focus on investing profitably, but intelligently...
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Feature Article: Do You Have an Unlimited Liability Company?
George M. Megaloudis, Attorney at Law, Roach and Wise, LLP
A limited liability company provides protection to those investing in pre-foreclosure properties. Simply establishing such an entity however, does not necessarily protect you to the full extent. George Megaloudis explains why, and offers suggestions for making sure your company - and its related actions - are properly aligned.
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Success Strategies: Negative Amortization - Useful Tool or Risky Tactic - or Both?!
Trish Signet, Loan Officer, Summit Mortgage
With interest rates rising steadily over the last few years, it's become harder for property investors and others to make the numbers work. Negative Amortization mortgages may offer an alternative, but as Trish explains, buyer beware.
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Interview With The Experts: Fireplaces and Chimneys, High Value, High Risk
Sherrill Rosoff and Holly Bradman, Co-Owners
Fireplaces and chimneys... so many homes have them, but according to Sherrill Rosoff and Holly Bradman, they are often not well cared for. As both a potential fire hazard and source of carbon monoxide, any property owner needs to make sure that the fireplaces are well built and well maintained.
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Debbie Siegel's Mortgage Minute: Bridge Loans
Deborah Siegel
For an investor who finds a desirable property but needs to sell an existing property to afford the new one - and the closings don't coincide - a bridge loan can be a valuable tool. But it can also be expensive, so make sure you have the facts before you jump in.
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| May, 2006 |
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Welcome: Hello and Welcome!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
This month's edition of ForeclosuresMass Monthly focuses on getting the deal done - whether with a homeowner, bank, contractor or other party. In addition, we are thrilled to announce the launch of ForeclosuresConn.com!
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Feature Article: Will I Own the Property If I'm the Successful Highest Bidder?
Gregory F. Arcaro
If you're thinking about bidding at a foreclosure auction in Connecticut, be forewarned that in this state, simply being the highest bidder does not necessarily mean that you own the property. Read on as local attorney Greg Arcaro explains what can go wrong... and how to fix it...
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Success Strategies: Bank-Owned Properties Offer Terrific Investment Opportunities
Eric Woolhiser
Real Estate Owned properties or 'REOs' are properties that are taken back by the bank after failing to sell at auction. What many investors don't realize is that there are often attractive opportunities among REOs - provided you know where to look...
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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...
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Debbie Siegel's Mortgage Minute: Adjustable Rate Mortgages
Deborah Siegel
An adjustable rate mortgage (ARM) can be a valuable tool for real estate investors seeking lower monthly payments and higher cash flow. But buyer beware. It's important to know how, when and why this figure may change, so that you fully understand your loan...
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| April, 2006 |
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Welcome: Hello and Welcome!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Spring is here, a sure sign that the sales side of the real estate market is about to heat up. This month's group of experts focuses on marketing those properties you've worked so hard to acquire and improve...
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Feature Article: Four Marketing Secrets Turn Connections into Gold
Ken Lizotte, CMC
Beyond the usual blah-blah marketing advice of putting up a website, printing out a stack of business cards and designing a lavish four-color brochure, exists four powerful marketing techniques that are so little-used, they can for all practical purposes be labeled "secret." Read on as Ken Lizotte tells all...
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Success Strategies: Buy It if It's a Steal
Lisa A. Maini
There's plenty of real estate out there and no shortage of people offering advice on how to find it, buy it and sell it. Marketing expert Lisa Maini gathered together an all-star cast of real estate experts, picked their brains, and distilled what she learned into this one, meaty article...
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Interview With The Expert: Three biggest tax-related mistakes
Dolly Di Pesa, President, Di Pesa & Company, CPA's
With April 15th just days away, there's little that can be done at this point to change the reality of your 2005 tax return. That said, you can still have a substantial impact on your 2006 return. We caught up with CPA Dolly Di Pesa at her office in Quincy for her take on how professional real estate investors can avoid significant tax-related mistakes in the coming year...
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Debbie Siegel's Mortgage Minute: What's APR and Why Does It Matter?
Deborah Siegel
Everyone who takes out a mortgage pays close attention to the associated interest rate. That's fine says Debbie, but what most investors don't realize is that there's another metric - APR - that's of equal importance in managing expenses over the life of a loan...
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| March, 2006 |
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Welcome: Hello and Welcome!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
It's tax time again, and the options and implications for your real estate investments are many. Join us as we dig into some of the hottest - and most frequently misunderstood - topics facing investors today...
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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...
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Success Strategies: Don't Worry, B-SASSY: A Six Step Program For Reaching Your Investment Goals
Sharon Teitelbaum, MA, PCC
Goals are a critical component of any successful investment strategy. As we enter March however, many of us are already falling behind the objectives we set for the year. In this suggestion-packed article, long time career coach and real estate professional Sharon Teitelbaum offers specific strategies for keeping yourself on track...
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Interview With The Expert: Sonia Stingo
Sonia M. Stingo CPA, PFS, Livingston & Haynes
Everyone knows that If you own investment property, you may be eligible to deduct loses on your tax return. When?, Why?, How much?, Under what circumstances? ... those are much more complicated questions. We caught up with certified tax expert Sonia Stingo this month, and asked her to review some of the basics...
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Debbie Siegel's Mortgage Minute: The Fed
Deborah Siegel
The Fed meets regularly throughout the year, and when it does, it often revises its target for short-term interest rates. This month Debbie explains why this may - or may not - impact the mortgage rate you'll ultimately pay on your property...
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| February, 2006 |
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Welcome: Hello and Welcome!
Jeremy Shapiro and Sheila Farragher-Gemma, ForeclosuresMass, Corp.
Financing... a critical aspect of any real estate investment. You've got many options - more than you're probably aware of - and this month we dig in and explain what they are and how they work...
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Feature Article: Financing of Investment Properties
George Riley, Genesis Funding Resources
When it comes to the financing of investment properties, there are almost as many methods and combinations of methods as there are deals. In this month's feature article, George Riley lays out several approaches (some of which you may not have heard of), and offers insight into when and why some are better than others...
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Success Strategies: Seller Financing
Asheesh Advani
Financing - an arrangement wherein the seller acts as the "bank" for the buyer - has seen a rebirth in recent years, thanks to a market characterized by high prices and rising interest rates. Asheesh Advani explains how this approach works, and why it can be beneficial to both buyer and seller...
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Interview With The Expert: Trish Signet
Trish Signet, Loan Officer, Summit Mortgage
100% financing: The purchase of a property with no money down. Sounds too good to be true? Not necessarily. We sat down with lending expert Trish Signet for her insights on how it works, where the risks are, and what to consider before jumping into this creative financing approach...
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