Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)

Monthly Archives: June 2011

Good Foreclosures ARE Available

There are foreclosure properties all over the country. You just need to know how to track down good foreclosures so that you can find the right property.  It also helps to use good real estate comps to help you value that property when time to sell.  So how do you track down GOOD foreclosures? You can do this by visiting the courthouse in your county. You can even ask the bank for a list of their foreclosed properties. There are also tracking services that you can sign up for that will notify you of a foreclosure in your area or the area in which you want to buy.

Understanding the foreclosure process

In order to know when to buy a foreclosure, you must understand the process. First, it is important to know that the foreclosure buying process is a lengthy one, but also rewarding. The process is especially long when dealing with the bank. The reason why it takes longer is because the bank owns the property and they have to approve the purchase. In most instances they will approve the process because having a foreclosed property on their hands is a financial burden.   

I have some interesting tips on buying and selling foreclosures, join me LIVE on Monday, July 4th at 1pm EST to hear all about them!  Just dial 712-432-3100 x345146.

When interested in the property, you must contact the bank. If the property is handled by a real estate agent, then you will consult with the real estate agent.

It is also important to note that foreclosed properties are not always in the best condition. This is because the occupants move out rather fast. They’re not selling the home, so they have nothing to gain by keeping it in good shape. They will take anything and everything they want out of it, including light fixtures, chandeliers, and even toilets.

With this said, it is important to know that the property will be sold to you as is. This includes any liens on the property. If there is a lien, you are assuming responsibility for that lien.

Buying the foreclosure

Buying a foreclosure is different than buying a property not in foreclosure. You have to research to find the right property, use resources at the courthouse to find out if there are any liens, make sure the bank will sell to you, and you can obtain the financing and sign the paperwork as you would in a regular transaction.

In the end, you are obtaining a piece of property for a significantly low price. Foreclosures are great for real estate investors looking for a property to flip. Basically, the process becomes worth it in the end.

Do you currently work with foreclosures and have an interesting tip or question you would like answered?  Click on the link below and let us know what’s going on in your business!

The Value Of Wisdom!

A lot of times people think wisdom can come from a book.  In today’s society, some believe it may come from social media.  The truth of the matter is that it comes from experience.  Let’s take a moment away from our normal real estate comps information sessions.  I would like to share with you the freedom that comes from learning from others.  I, myself,  have several friends and colleagues that I bounce things off of from time to time.  I am so appreciative to those that I can talk to when I need to.  It gives us the chance to combine our years of experience and out of that comes wisdom.  There are many scriptures in the Bible that teach us about the value of wisdom.  The one that sticks out in my heart is Proverbs 19:20, that tells us to listen to counsel and accept discipline that we will be wise the rest of our days.  I’ve learned that having someone to discuss business deals with makes me a better, wiser investor.  

Listen guys, the first Monday of each month I do a free call in day.  This Monday July 4th at 1pm EST I will be on LIVE and I would love to hear from you.  Call in with a question or just plug in to listen and learn.  Our goal is that everyone learns more together!  What better way to gain pure independence on independence day than to join our mastermind call at 1pm EST and build your real estate investing knowledge!  Just dial 712-432-3100 x345146 Talk to you on the 4th!

Which Is The Best??

Be smart when picking a real estate investment and be sure to use real estate comps so you don’t lose a bunch of money. It’s not always easy. A lot of factors should add up to your ultimate decision. It takes money and integrity to make a smart real estate investment. The best thing you can do is invest at the right time. Do some research on the web or look at the market and see some statistics about the incline and decline of the market. Always invest wisely. Don’t just see dollar signs and sign the contract. Take your time and look at investment options.

Your first option is using rentals to pay for the mortgage. This is an easy but timely investment. But once you have paid off the mortgage all of the rental money goes straight into your pocket. The only thing that you should be worried about is the tenant not paying rent on time…or at all.    

The second option is very popular and known as “flipping houses” which can be a very good investment if done correctly. You basically buy a cheaper house, fix it up then sell it for more once you have added more value.

More and more people every day are learning the techniques used to profit from real estate investment. Some think the best investment is rentals but you can always profit more from flipping houses just because you practically control the amount of work done on the house.

The only reason some prefer rentals as the better investment is because once the mortgage is paid you can earn unlimited amounts of money only paying the utility bills.

The real estate business is really tricky so be careful when jumping into it. Slow down, learn as much as you can and pick the best real estate investment that is going suit you.

Are you new to the real estate investment field?  Have a question or two?  Click on the link below and we’ll do our best to help!

Good Comps and Planning Rehab Sales

When working in the property investment arena, being able to select good reliable real estate comps is essential for any real estate investor. It can be the nuts and bolts of your purchase offer and if you don’t understand what makes a good comp, then you could wind up over paying for a rehab property that is not worth nearly what you thought it was. Your InvestorCompsOnline account can equip you with up to date comp information for your property deals. I want to run through some of what I feel are the more important aspects of choosing good comps and the points of planning a good property rehab.

wrench-fanniemae

So what is a comp? Comp is short for comparable sale. These are sales of similar homes in the same neighborhood as the property that you are looking at buying. They should have as much in common with the subject property as possible in order to give you a solid estimation of the subject property’s market value.

Selecting a good comp is all about comparing like with like. When looking through local comps, there are several items that you will want to compare. Here is a list of the most common.

  • Distance From Subject Property – in most major cities, you want to pull comps located within a ½ mile radius of the subject property. If you are in an area with little market activity or a rural area, then pulling comps from a 1 mile radius is accepted.
  • Date of Sale of Comp.- In most major cities, you want to pull comp sales that have taken place within the last 6 months. If you are in a slow market area, than going out to 12 months is acceptable.
  • Construction – if the subject is an all brick house, then pull comps that are all brick houses; if it is a wood or vinyl siding house then pull comps that are wood or vinyl siding.

Stay plugged in guys, because in tomorrow’s post we discuss more items that you should look for when comparing and researching properties…

Gaining YOUR Profits!

Before you decide to enter into real estate investing, it is a must that you do all the necessary work to make sure it is going to be profitable. Every potential investor should be able use real estate comps to find the right strategy to reap great returns.

Gaining profits in real estate investing is a matter of understanding current market trends and identifying activities that could be lucrative in the area where the property is located. If you understand what your buyers want and how real estate activities are in your area, you will have more ideas on how to manipulate (in a good way, of course) your market into transacting with you. You will also have greater chances of making your terms more appealing to your target market.  

Another sure way to gain profit in real estate is to know what properties to invest in. There are two kinds of property you can acquire. It could be commercial or residential. There are pros and cons in buying both properties. As an investor, you have to know them all.

A commercial property is usually more expensive to acquire. However, if the sale or rental of the property goes well according to your projections, you can earn more money with it. Most commercial properties are leased, which means it is usually a long-term transaction. However, vacancy rates may be quite higher.

A residential property, on the other hand, is quite easy to sell or to rent out. They are affordable and aside from that, it is easy to get a  mortgage for it. In terms of rental, it is easy to fill up the vacancies.

To identify which property has better chances in giving you great profits, you have to look at the location. Location has always been the basic principle in real estate. So never ever buy a property without considering the location.

Another way to ensure profits is consideration of the cost in investing. When you plan to acquire several properties to be flipped, sold or rented out, you will also incur cost related to repairs, staging, advertising and taking out a mortgage. You must be able to identify activities that can improve the appeal of the property without having to expend much. And you should be able to put a price tag for the property without overvaluing or undervaluing it.

No matter what kind of market you have, slow or booming, you have to take extreme measures to profit in real estate. You really have to take your time and browse your options before you decide to take the plunge.

Happy Investing!!!

MJ (Mark Jaskson)