Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!

Monthly Archives: April 2011

Social Networking and Real Estate Investing

Social networking is a very effective tool for real estate investors.

Let’s discuss some of the things you can do to drive buyers to you.
Social networking is all about community…and you should focus on giving 80% of the time. Give useful information when you comment – for example – on others’ Facebook status or YouTube videos. Create value for others and you will bring a ton of attention on your own offerings.
Twitter:
(1) Use Twitter to identify real estate investors in your local areas and follow each one of them. This tool is like the Twitter Yellow Pages and categorizes Twitter users by industry. You can quickly do a search on the Real Estate category and put the name of your city in the search box.
(2) Set up automatic direct message responses to all of your followers that includes a URL to your website or squeeze page.
(3) If you’re a wholesaler, tweet about any real estate deals you’re looking to sell. Be sure to include a link to more information on the property
(4) Be sure to retweet “RT” other investors tweets that have useful information…this helps you build trust and credibility and will grow your followers. Here’s how it works…let’s say a local investor @BobLocalREI has a great tweet that says “Great article about how to profit with real estate in declining market ” To retweet this, you would simply tweet the following: “RT @BobLocalREI Great article about how to profit with real estate in declining market .”
Facebook:
(5) Join existing Facebook groups with real estate investors from your local area. You can do this by clicking on “Groups” and then searching groups for terms such as “Chicago real estate investors”,”Boston foreclosure investors”, or “Orange county real estate investors” Be sure to introduce yourself to the group and post your offerings on the group’s public wall.
(6) Create your own Facebook group for real estate investors in your local area. Invite the members of the other groups to join your group. Encourage other wholesalers to join as well and post their deals to the group as well. Don’t make it a private group – make it open to all. This will create an excellent buyers list for you and will also connect you to other investors you can do joint ventures with.
(7) Add a form to your Facebook profile that allows people to opt-in to your newsletter that provides tips, news, and details of your wholesale/retail deals. There’s a great blog post from Return on Subscriber that walks you through how to add the form.
(8) Use the “update status” feature on Facebook. Your status can be about the everyday happenings with your real estate investing, it can mention a specific deal, it can be whatever you want.
YouTube.com and other Social networking video sites:
(9) Search engines love video! Create videos with useful “How to” tips or information that is relevant to real estate investing (could be focused on buyers, sellers, or both). Be sure that your video title and description are very well written and full of keywords that will help people find your videos. Before you get started, think about who your target audience is and make a list of a few real estate investing related topics that you can create videos for.
(10) Duplicating your video content is ok! You can post the same exact video in multiple content sharing sites (use TubeMogul for free!) and get maximum exposure from the search engines.

At InvestorCompsOnline we use many of these tips daily in our business. Using the InvestorCompsOnline system to get good real estate comps and many of the social networking sites will allow you to be more accessible to your buyers.

Real Estate Comps Determine Value

Home values are continuing to slide in much of the country, as a result of the declining real-estate market and credit crunch. Yet research indicates most people still think their property is worth more than it is.

How then, can you get a realistic idea of your property’s value to prepare to sell quickly and for the best profit? Using real estate comps of course.

Always check with InvestorCompsOnline to review resent sales activity in your area before listing or advertising your properties for sale. Researching prior to purchasing is always the best bet, but after you have purchased your property, you should run a report again to ensure that the property is priced right and in line with any changes your neighborhood may have undergone since purchase date.

Searching real estate listings and visiting open houses in your neighborhood can also help you get a feel for your local real estate market. Pay attention to what happens to those listings. Homes that stay on the market more than a few weeks might be priced too high.

Remember, InvestorCompsOnline.com recommends comparing your property to current sales of similar age, square footage, and room count. The key word here is “current.” If nothing else, recent housing market fluctuations have shown that property can be worth one amount one day and something else the next.

All the best,
MJ

Running RE Comps

In real estate investing, your profits are determined on how you buy the property, not so much on how much you sell it for. Running real estate comps is key component to your success. You must know what the property is worth fixed up, as well as what properties are selling for compared to your subject property in today’s market. In today’s market comps are handled a little different than how it was back in 2005-2006.

Our investors use InvestorCompsOnline everyday to intelligently analyze deals.  We provide fast reliable accurate way to analyze these deals, to help you make the most of each project. 
When comparing a property always make sure to take note to the square feet, bedrooms, and bathrooms. If your wholesaling, all if not most you will be selling to cash investors. So you need to find out what the properties are selling for near the subject area cash. Don’t go comparing apples to oranges now. Instead compare that 3bed 2 bath 1400 sq ft to a similar house sold recently cash. Look at the properties that sold in the past 3-6 months max. Once your comfortable that you found some good properties to compare too, I would say to make a offer as low as 10-15k what comparable properties have been sold for. Unless the property does not need rehab, your going to want to offer lower.

So take my advise by making sure you offer the right price on the deals you come across, this in turn will make sure you maximize your profit  every time!

Top 2 To Stay AWAY From!!!

Having good real estate comps information is key when doing any type of real estate deal.   Learning what mistakes to avoid is a good way to save yourself alot of stress and money on the journey.  Let’s take a look at two mistakes to stay away from as you invest. 

Mistake 1

Not Performing Due Diligence

Any time you are investing you need to run a thorough due diligence to make sure the numbers make sense.  This is the main cause of failed stories about investing in this industry. A mistake could empty your pockets in the blink of an eye; this is why mentorship and training prior to investing is crucial in this business. InvestorCompsOnline can offer the training you need to value your properties fast and effectively.  Additionally, we provide better valuation without going on site.

Not “Cherry Picking”

This has to do more with being affiliated with a real source or company that will give you access to their product and thus cherry pick from their lists or properties.  Instead of waiting for that “home run” of 100 properties, you can work on those “one base hits” by cherry picking one property at time from a tape. Rehabbing and selling these one at time will put money in your pocket immediately. You can always wait for the “big deal” this way.

Investing ONLY in the right  properties will bring you success and eventually fortune in the Bulk REO industry. This is the easiest and most effective way to make money when you get started. Most companies and individuals will not circumvent you when dealing at the one off level.

– CONCLUSION –

Be alert and be realistic and you will find the right source and the right training to be successful in Bulk REO and Non Performing Note investing.

Read, research and listen, but as everything else in life, you need to make up your own mind and choose your own path to success. By trusting your instincts and using some basic common sense, you can make this happen and earn small fortune in the process. I wish you the best of luck in your future endeavors. Now, go make a fortune.

Happy Investing!

REOs vs. Short Sales

It seems that buyers are taking advantage of the low-priced distressed homes because according to real estate comps they are the best deals in the real estate market. Home buyers who are looking for affordable homes should consider REOs and short sales that are flooding the market. REOs are properties that have gone through foreclosure and are now owned by the bank while short sale properties are homes that will almost face foreclosure. The properties in this pre-foreclosure stage are allowed by the bank to be sold for less than what they actually owe.

Short sales are properties which the homeowner owes more than the value of the property and so the bank or the lender has agreed to sell the property for less than the amount owed by the homeowner on the mortgage and the remaining amount of the mortgage owed by the homeowner is forgiven. 

Banks allow a short sale because they want to avoid the very expensive cost of foreclosure. On the other hand, REOs are properties who didn’t make it in the auction sale and are now owned by the bank. Banks, in turn, have to sell these REOs with a price that is usually below the market.

REOs normally takes 45 days to close escrow while the short sale purchase time frame take 3 months to sometimes over a year to complete from start to finish. Banks need to recover the money they have lost from foreclosing a property. Moreover, an HUD-approved Realtor is required during the transaction since the amount of paperwork is the same for both types of properties.

However, even if these two are considered the top-selling properties in the market, buyers are advised to know the differences, the advantages and disadvantages, as well as the the entire process.  Now that you know the basic difference between the two most fastest selling homes in the country, use your InvestorCompsOnline account to weigh the pros and cons before deciding which properties are beneficial to your business and will bring the best profit!