Real Estate

What to Offer for HUD Foreclosures?

What to Offer for HUD Foreclosures?

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You have found your dream home and it is a HUD foreclosures. You have done a walk-through of the HUD house and it seems to be in good shape, just a few minor repairs.

Unfortunately, you have already made a major mistake. Your real estate agent, who is your uncle, has never sold a HUD home foreclosure. He does not have any idea how much you should offer for a HUD foreclosure. Your uncle is not a lone; most real estate agents are not experienced in HUD foreclosure listings.

First, a little about what you can and can’t do when buying HUD home foreclosures:

Real Estate Leveraging

Real Estate Leveraging

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A financing strategy not for everyone

Leveraging is a technical term meaning borrowing to invest. More specifically, financial leverage takes the form of a loan reinvested with the hope to earn a greater rate of return than the cost of interest.

For years leveraging was mainly used in the Stock Market for brokerage margin accounts, that is arrangements in which investors bought stocks ‘on margin', putting up only a percentage of the total cost. The brokerage firm effectively provided a loan for the balance. With the appearance on the financial scene of home equity lines of credit in the 1990's, leveraging was adopted by investors and speculators in Real Estate as well.

Home Equity Loan to Pay Credit Card Debt, Bad Idea!

Home Equity Loan to Pay Credit Card Debt, Bad Idea!

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I couldn’t help but notice there have been a few articles circulating around espousing the merits of taking a home equity loan out to pay off your high interest credit card debt or other types of unsecured debt. Did you look to see that they are written by mortgage brokers?

Here is my problem with consumers taking out these types of loans. One, they are attempting to borrow their way out of debt, which is impossible and overall, just a terrible idea. Secondly, they are borrowing from what is essentially the savings account of their home equity. For most people, this is their single biggest investment and financial asset. So, this loan to pay off unsecured debt is secured by the roof over their heads which costs more each month when a loan is taken out against it.

How To Find A Good Tenant

How To Find A Good Tenant

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The relationship between landlord and tenant is a delicate one. Little issues can mar it, and make the experience unpleasant for both parties. In order to avoid such problems, you should look for good tenants with whom you can get along. This article deals with the question of how to find good tenants and ensure a pleasant experience for both the landlord and the tenant. Below is a list of tips to help you along in this process

1. Screen the Application. Have all your tenants fill out a detailed application form. If the person refuses to fill the application, then you should not rent your property to that person. Take down the applicant's name, income, credit details, past rental details, references, driver's license number, and the name of the applicant's employer.

Marketing Strategies For Real Estate Investors

Marketing Strategies For Real Estate Investors

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People are oping for investing in real estate over the uncertainties of the stock market. Many real estate investors are new to this market and often make mistakes leading to losses. They need to plan strategies for investing in real estate. People invest in real estate to sell at a later stage for a handsome profit. For this they need to have a marketing strategy in place.

Buy At Bargain Prices
Many real estate investors have entered the business because they saw someone else do the same, and make a lot of money. This is a big mistake, as it may not always work out for you. Since you will be selling your property later, you need to make bargain purchases, where you pay only around 80% of the current market value. This is not easy, but it is possible.

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