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Wednesday, June 13, 2007

Learn How Big Investors Use the Wholelesale Real Estate


Learn How Big Investors Use the Wholesale Real Estate Market to Turn Huge Profits Fast
By Michelle Phillips
Real estate investments are often treated as one the best ways of investing money. However, what you are looking for is not just any real estate investment, but real estate investment that can give you good returns. The latest craze to turn huge profits fast in real estate is the wholesale real estate market. We all know that buying property at a low price and selling it at a higher price to make a profit is not the hard part.

The hardest and most important part of good wholesale real estate investment is to get hold of such properties which can give you good returns. What used to be reserved for only the very wealthy is now available to small and medium size investors and even the average Jane or Joe.

Now, how can you get these potential profit-making deals? Your first avenue for finding good deals is the local newspaper (and or the property newspapers). Just search for properties that are listed directly. You may find a few good deals and good potential profit makers. The only downside with this is that you will have to act fast. It seems like the minute they go to print they are already gone. You will also have to have cash on hand.

Another good way to get a property, that is a good real estate investment, is to look for foreclosures by banks/ VA/ FHA or to visit public auctions. You can generally get a good deal here. Divorce settlements are another good real estate investment opportunity.Be ready to have cash on hand once again with lots of competition and the other issue with this is you don not get to see the property.

If you really want to get a great deal on real estate and be able to turn a very large profit the easy way is to seek out an expert. Find someone who specialize in the wholesale market and will assisit you in every respect. They can show you how to find properties, when to buy and what areas will return the most money. The best part is you will get a free consultation and you have someone to answer your questions along the way. You will be be surprised just how easy it is to make tons of money in the wholesale real estate market.

Saturday, June 9, 2007

Buy A Home With No Money Down, Mortgage, Finance, Refinance, Loan



By Garret W Belisle
For many of us coming up with "the" down payment for a home is quite a struggle. There are many reasons for this, such as your income, your family needs, your savings account is well, non-existent. Not to long ago if you didn't have at least 10 percent down you didn't have a 10th of a percent of buying a home. As of late it can be a very affordable 5 percent or zero percent. Okay now on to how it is done...So let's say you are a first time buyer (although this also works if you have already owned a home) and you simply need a break. You need a way to get into the market without spending a cent. Its called the No Money Down Mortgage, at least that's what its called where I live, maybe its called Zero Money Down where you live but you get the idea.

Now here is what is needed :There are specific qualifications....and yes they are pretty much in this order. Read on MacDuff....

1. An A Plus Credit History. No recent history of any bad debt of any kind, which also includes all payments for your credit cards or shopping cards etc, etc. must be paid on time in most recent months.

2. Limited liabilities. This means something like "Sign here....don't move while we look into your ENTIRE credit history, but disclosure is not a bad thing, if your credit is good it will certainly work in your favour. This is done to make sure you can carry the extra debt.

3. At least 3 years of stable employment. This needs to be verified on paper by your employer preferably or some form of financial statements. The employer is much better in most cases.

Finally. You must be able to carry large monthly payments. Without a down payment, obviously lenders and the bank want to make sure you can handle the obligation of larger payments. The monthly payments may increase from a few to several hundred more a month but you can buy several styles of home.

This is the program in detail it is widely known and used by almost all banking institutions for greater details or understanding I highly suggest you go to your local bank and have a sit down with your financial advisor, someone you know and trust.

So in a nutshell, if the down payment is the current problem, it may no longer be with this program.

You no longer need to pay your landlords mortgage, you can immediately get into a home with this program if you qualify. And again, sorry to repeat myself but go and make an appointment to review this option with your Realtor or banker or both. It's worth taking a look at. And always ask about mortgage leads...this will get the ball moving a little faster.




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