Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.

Monthly Archives: July 2017

The Foreclosure Timeline

The Foreclosure TimelineA foreclosure of a property is the result of default on the mortgage.  Real estate comps generally reflect any foreclosures in a particular area.   When property owners fail to make their scheduled mortgage payments, or when owners fail to pay their property taxes or some related obligation such as homeowners’ association fees or special assessments for a prolonged amount of time, a foreclosure can occur.

A legal “notice of default” or a “lawsuit to foreclose” (depending on the state) is typically filed to initiate a foreclosure. This makes it formal to the property owners, and the public in general that legal action is moving forward to force a sale of the property. This notice is delivered to the borrower at least one month before a foreclosure sale (typically between 60 to 180 days) and subsequently posted on the internet and/or newspapers as public notice.

In response, a borrower can do several things to prevent or delay the foreclosure.

  1. Make a deal regarding the loan with the lender and perhaps reinstate or even refinance their amount they are in arrears.
  2. File a legal defense against the lender and there by dragging the process out for a year or longer.
  3. File for bankruptcy and automatically stay the foreclosure action. In certain instances, bankruptcy court can even annul a foreclosure sale that has already occurred.

Should these tactics fail or run their course, the property is auctioned to the highest cash bidder.  This is my main reason for stating that foreclosures are the easiest money producing investment option.

The Desire To Invest

The Desire To InvestBefore we get in to the nuts and bolts of real estate investing, we need to talk about desire. Investing should not consist of real estate comps only.  If you are going to be successful at anything, especially real estate investments, you have to have the desire to do it. In real estate investing, the desire must be there to really get satisfaction out of it.  If it isn’t there, then real estate investing is going to be hard to do. Real estate investing may not be for everyone, but real estate investing can offer anyone the financial freedom we all crave.  Remember investing can still help you make your dreams a reality and help you to get where you want to go in the future.

Making it in real estate takes someone who has a strong desire to change their lives for the better and the ability to think big. Anyone can become a great real estate investor. It is going to take a lot of work and can be a struggle at times but in the end it will be the most amazing feeling ever. A solid team can help you make your goals happen.  The importance of putting a team together is pulling individual strengths together to achieve a common goal.  Doing everything is a recipe for failure. You have to put together good people who you can trust and rely on. No one can become successful at something if they don’t want to do it and don’t get satisfaction out of what they are doing.

Landlord Success | Part Two

Landlord SuccessLast time, we discussed the changes that come with being a landlord, namely what you should expect, should you decide if you want to raise the rent(s).  There are many reasons that might prompt a rent increase, a search of real estate comps may support it, however, I want to use these reasons below to assist you with your decision:

  1. It is important to learn when enough is enough regarding everyone.  Take time to think about is there a valid reason for the rental rate increase?  If you can’t give one, don’t be greedy.  Lining your pockets is not a reason to potentially lose a solid tenant.
  1. Be sure to know your market.  We are talking basic supply and demand.  The market could be full of rentals and then tenants could jump from property to property.  If supply is scarce, than the opposite is true and you might not suffer any turnover.  It is a chance you take in the rental investment property business.
  1. Your rental should surpass or at the very least match surrounding properties.  How does your rental property’s location, condition and amenities measure up to other rentals in and around the area? Tenants are less willing to endure the stress and cost of relocating over a small rent increase when your property is one of the nicest in the neighborhood.
  1. Make sure that you are wise with the increase.  Modest increases given over regular intervals are more easily understood than irregular ones that surprise and undoubtedly will alienate your tenants.

My general thinking is, there will always be some risk when proposing rent increases because tenant expectations vary, circumstances vary, market conditions vary, and certainly personalities vary. Regardless, when the investor does his or her homework and then proposes an increase that has reasonable grounds, chances are good that it will be received with realistic agreement.

Landlord Success | Part One

Landlord SuccessYou’ve used the real estate comps to make your profit when you bought.  One undeniable part of being a landlord is that from time to it will be necessary to inform tenants of a rent increase.

The tenant, of course, is not going to be happy that they will have to pay more to continue staying in the home. There could be any number of reasons for this:  perhaps they can’t afford to pay more, perhaps they don’t feel the unit is worth the increase you are asking.  Just know that a rent increase is never what tenants want to hear.

Property owners have a valid concern, of course meaning, that otherwise good tenants might decide to move out and leave the landlord with increased vacancies. Although this might be manageable for properties having many units, an increased vacancy rate for properties consisting of just a few units can be financially taxing to real estate investors.

That being said.

We, the real estate investors, or landlords, are running an investment business that totally relies upon rental income and sometimes having to raise rents is the only way to make it profitable enough to justify owning the units.

Next time, I want to suggest some things for you to consider when rent increases are in order that might help minimize the risk of driving out your tenants.

Investing Options

Investing OptionsWith so many options shown in real estate comps on ways to invest in real estate, why not invest in foreclosed homes?  The opportunity to make a higher profit from a property that has a lower asking price because it is a foreclosure would be wise correct? Of course it would because after you make the purchase you’ll still have money left over to fix it up. That is why investing in foreclosed properties is such a great way to go.  Many foreclosed homes are sold at a discount of anywhere from 10% to 15%… A smart investor knows where to find the best bargains. Buy low and sell high.

The reason homes go into foreclosure is the homeowner defaults on the mortgage and the bank or the lender repossesses the property. All home foreclosures are sold at public auctions. The highest bidder wins. These properties are discounted because selling the property is the most important thing to these lenders. They do not want to get stuck with the property.

Let me give you an example of how you can make a profit off of a foreclosure.  If the outstanding debt to a lender is $100,000 and the price quoted is $80,000 and the highest bid is $81,000 then the bidder will get the foreclosure for a 20% discount. As you can see it is always going to be less than the market price. This is why investing in foreclosure homes is a smart idea and a sound investment.  I am truly hopeful that this is helpful for you and your investing business.