Top Real Estate Articles

Twitter Can Help You In Your Real Estate Business

Nov 30, 2009 Real Estate

At every real estate conventions, boot camps, or seminars the topic of marketing comes up. Someone will mention Facebook (that’s a whole different story) which is always closely followed by a comment about Twitter. So… let’s evaluate is Twitter worth it? If it IS worth it, how can you best use it for great results? First, lets look at just what Twitter is and what it can do for your marketing efforts.

Twitter.com is a website where anyone can create a profile and become a “micro-blogger” Twitter is like a regular blog (aka web-log) in that it lets you say anything you desire to say to anyone and everyone who will see it - with one exception. Twitter only allows you to express yourself–0 characters at a time. So it’s a little like using you cell phone to send the world a text message. When you find a profile of someone whose–0 character Twitter posts (called “tweets”) you can “follow” them - whenever they post something new, it will appear on your Twitter home screen. If someone finds YOUR profile and follows YOU, then you will be notified that someone is “following” you. Now that you know the basics, let’s talk about making this a useful and PROFITABLE tool for you.

Because the old saying “Out of sight, out of mind” is absolutely true, you’ll need to remain active with your “tweeting”. You should be posting at a minimum, once a day. Find something to “tweet” specific to real estate - something that your “followers” will find useful. If you just start sending info about homes you have for sale, it probably will not get you as far as you planned. Think about it this way - when was the last time you opened and really read an email from someone attempting to sell you something?

When you give your followers something they can use or something they find fascinating (even if it ISN’T about the real estate industry) then you’ll have a chance to maintain their attention. When you gain their friendship, they’ll be more open to review what you have to say when you want to offer them something you’ve listed.

Twitter, like other social networking sites, is a good way to connect with others - just keep in the forefront of your mind that they’re people and want to be acknowledge like people. They aren’t money makers. So connect when a person follows you, send them a short personal message letting them know you appreciate it.

Remember that being upfront and transparent with people and giving thoughtful data is what Twitter is all about - the money will come if you treat people like people and post often so that your Twitter marketing is consistently on the radar! The more you do that, the larger your following will be - and the larger your following, the greater your chances of communicating with someone who needs to make a deal - which, of course, means a better chance for you to profit!

REOGoldMiner.com is a site that helps you identify REO deals and valuate them at the click of a button. We have a passion for Real Estate, internet marketing, and helping investors become the most success they can be in their real estate business.

Tags: Bank Reos, business, finance, Foreclosed Homes, INVESTING, learn investing, learn virtual real estate, Real Estate, real estate investing, reo investing, Reo Properties, virtual investing, virtual real estate investing

Property Values The Most Important Item In Investing

Oct 24, 2009 Real Estate Investments

“What is it worth?” is the most frequently asked question in investing.

Whether you find a great deal at www.REOGoldminer.com or a house on your block, valuation is a decision making process that has to be done. Every valuation poses a challenge which an investor must address and select applicable steps in estimating a specific and definite value.

Valuation can also be a form of research project, because, the investor gathers systematically the data required in the analysis. Valuation process involves the following stages: 1. Gathering of data 2. Analysis of the data 3. Making an Exit plan 4. Making an Offer

Data to be gathered for valuation analysis must be valid and authoritative. www.REOGoldminer.com not only finds you REO deals but offers access to “appraisers secrets for investors” through its comp system. We provide accurate, relevant, and recent sales data and transfer history for your deals and their comparables. Asking prices are not evidence so you must have the closed sales data ICO provides.

The collected and accurate data has to be analyzed in order to come up with the final valuation. At www.REOGoldminer.com, we provide the necessary materials to teach you what factors to use when determining valuation.

Don’t wait until the bank accepts your offer and you have closed on the property to decide how the deal fits into your investment plan. Create multiple exit strategies before you even present an offer. This will help determine your offer. Knowing whether the deal is a “buy and hold” candidate, a wholesale property, or a retail property guides the amount you will be willing to pay.

Making an offer is more than just calling a realtor and telling them what you want to get the property for. It also consists of determining the maximum you are willing to pay for a property. A wise investor has this amount in mind before they make their first offer. Spending a little time in the beginning will make you more profits in the end.

www.REOGoldminer.com will help you find the REO deals you have been looking for and help you valuate them all at the same time. A wise investor selects tools that will give them all the data and skill sets necessary to be a head of the game. www.REOGoldminer.com is the site to find the REO deals and get “appraisers secrets for investors” that will keep you one step ahead of your competition.

Tags: Bank Owned Homes, Bank Reo, business, foreclosure investing, learn investing, learn virtual real estate, Real Estate, real estate investing, Real Estate Investments, reo investing, virtual investing, virtual real estate investing

Investing In REOs 101

Oct 5, 2009 Foreclosures

The recession in the U.S. economy has resulted in more foreclosures than experienced by any other generation of Americans. Yet as always, this challenge has given rise to a huge new opportunity for alert real estate investors.

Bulk REO Investing is the face of the new business, and its captured the interest of most well-heeled investors.

Lets take a moment to analyze the basics of this incredibly lucrative business. Understanding the notion of Bulk REOs requires understanding of the foreclosure process. When a home owner begins to miss payments on their mortgage, the lender begins to send late/overdue notices to the home owner. After a certain period, the lender will then formally begin foreclosure proceedings. Between the formal beginning of the foreclosure process and the public auction is the preforeclosure period.

The auction of the defaulted property signifies completion of the foreclosure process. Ownership of the house is returned to the lender if the property goes unsold at auction. The classification of REO (Real Estate Owned) is then attached to the foreclosed property.

Typically, mortgage companies list their REO properties with local real estate agents in desire of selling the property to a retail buyer who will spend full price. However, REO properties are now frequently sold for far below their book value. However, the acquisition of a package (or group) of REO houses is the trade-off for getting such great prices.

In the United States, the recession has yielded large returns to real estate investors looking to take advantage. One of the best ways to take advantage of Bulk REO Investing properties is to partner with a well-respected source of funding. Some funding sources for these deals are: personal funds, hard money lenders, commercial lenders and non-conventional sources such as private investors and hedge funds.

Tags: Bank Owned Homes, bulk reo investing, business entrepreneur, finance, foreclosure investing, Foreclosures, Real Estate, real estate investing, recession opportunities, reo investing

How To Find Buyers For REO Properties

Sep 12, 2009 Real Estate

The process is a long one after a home is foreclosed by the bank. The banks take weeks if not months after foreclosure to get their paperwork together, do evictions and minor clean up and make the assignments to the real estate brokers who they have hired to handle their properties. But the time of clean up and eviction is not a problem for the savvy investor, it is an opportunity to round up buyers so that these properties sell almost immediately as you get them under contract.

REOGoldMiner.com is the premier site to find and valuate these REO properties. In order to change these deals into profits, we suggest an investor start the steps of rounding up buyers as soon as the property is under contract. Videos, photos and massive email lists are several ways to bring your potential buyers.

Whenever you market your properties use photos or better yet video. Well get to more video in a minute. This tends to get the purchaser serious before they come out to the property. Even for buyers of a foreclosed home, they like to see images and it helps the buyer create an emotional connection. Investors and the individual buyer now research the web to find properties that they can get serious about buying. It is very important to give them enough information to make a decision.

Another effective tool REOGoldMiner.com suggest videoing the property. Taking video has expanded on the process for buyers when they are searching the web. If you can desplay to the buyer the property in detail by exposing the floor plan that photos can not, then the buyer can make a more qualified decision on what they need to look for when they see the house to make the decision process of a yes or no faster. Video on the internet is the newest, latest and greatest method of advertising your properties for sale.

Finally, collecting a list of potential buyers is also another must in the world of REO houses. Creating the action before the house sits on the market for an extended amount of time is powerful for the REO investor. If you consider about 10 years ago in real estate, buyers came to real estate brokers to see what they had listed. Many buyers still do the same thing even though they have access to the web and the inventory. But, if you have a list already collected of potential buyers it will help your house sell much quicker.

REOGoldMiner.com not only offers the ability to find the REO deals but we also offer a community of investors that our members can also advertise their properties to. REOGoldMiner.com finds you the REO deals and even gives you an avenue to find buyers right through our site. Helping you get your properties sold as quickly as possible.

Tags: bank owned investing, business, finance, foreclosure investing, Real Estate, real estate deals, real estate investing, real estate owned, reo investing, Reo Sales, virtual investing

What Is REO Investing?

Sep 6, 2009 Real Estate Investments

No generation in our history has ever dealt with the number of foreclosures and defaulted mortgages as is happening now. But successful real estate investors are turning these lemons into lemonade in an extremely profitable innovative way.

Bulk REO Investing is the name of the new technique, and its gotten the attention of numerous well-heeled real estate investors.

Foreclosures are at the center of the Bulk REO business, so we should consider the foreclosure process.

You cant understand Bulk REO Investments without grasping the process of foreclosure.

A home owner who fails to pay one or more mortgage payments is faced with an ever-increasing volume of threatening communication from their lender. The lender decides the subsequent timing of the actual foreclosure process. From the initial time through public auction is called preforeclosure.

The defaulted property is eventually auctioned, thus finalizing the foreclosure process. If there is no interested buyer at the foreclosure auction, the lender regains title to the house. The designation of REO (Real Estate Owned) is then attached to the foreclosed house.

Mortgage Companies have no interest in owning property, and thus usually decide to list their REO properties with a local real estate agent in hopes of a retail sale. However, lenders are becoming increasingly willing to take significantly less than their REO asset is actually worth. But the price of getting such great pricing is the need to purchase multiple REO properties (a package) rather than one property.

Smart real estate investors are increasingly finding once-in-a-lifetime deals in these REO packages. REO packages are easiest to buy and sell with a well supplied source of financing in place. There are many sources of financing for these transactions including: hard money and commercial financing, as well as non conventional sources such as hedge funds and private investors.

REO Goldminer.com is the best source to find and evaluate REO deals. We have taken these foreclosures and put them all in one place for you to access and determine value. Go to REO Goldminer.com and find your REO deal today.

Tags: bank owned, bank owned investing, business, foreclosure investing, real estate investing, Real Estate Investments, reo, reo investing

Real Estate Investing And The Basics

Sep 6, 2009 Real Estate

A number of items likely come to mind when you think of investing in real estate. You may consider real estate investing of short sales, bulk reo investing and virtual real estate investing. You may also consider what type of role these things can play in your life as a real estate investor in a variety of types of economy. Whether you are interested in short sales, bulk reo sales, virtual real estate or just bettering your abilities as a real estate investor, you need to know real estate investing basics in order to succeed. You should review these few real estate investing basics to learn things even most experts do not know:

Real estate investing education is a wise investment that always has a positive return. Every real estate deal has the potential to create thousands of dollars in potential income. Learning as much as possible about real estate will increase your potential success whenever you close a real estate deal. Small investments bring big results when you invest in learning and then implement what you learn.

You can succeed in real estate investing in any market. Often people think that you can only be a success in real estate when the market is good. In reality, poor economies are great for real estate investors. You can often buy properties at large discounts. You could also locate deals that would not exist in a thriving economy. Poor economies can turn the tide based on real estate investing. When the economy is not thriving, short sales, bulk reo sales and virtual real estate can all thrive. You will have the ability of saving yourself and possibly others from serious financial difficulties if you know about these types of deals.

You do not need a lot of money to be a successful real estate investor. You can make real estate investing a success regardless of how much money you have. There are many deals that will let you use other peoples money to do them. If you are a good investment private lenders may let you use their money. The best way to look like a solid investment is to have an in-depth knowledge of real estate investing. This will help you show private lenders that you are a good investment if they do not know about real estate investing themselves.

Real estate investing is a great way to create a large amount of wealth. You will be able to create an income no matter what the market. Using information about real estate investing, short sales, bulk reo sales and virtual real estate you will be able to create income for yourself. Having real estate investing basics will help you succeed as a real estate investor.

REO Goldminer.com is the best source to find and evaluate REO, bulk REO, and bank owned deals. Come to our site and enter your specific desires and find all the REO deals you need. REO Goldminer.com we mine REO gold for you.

Tags: bank investing, Business Investing, entrepeneur, Real Estate, real estate investing, reo investing, virtual investing

Look For These Things When Buying REO Properties

Aug 28, 2009 Real Estate

REO properties are one of the best ways to invest in real estate currently. Banks do not need to, nor do they want to; keep these properties for any longer than they absolutely have to. This is why, REO properties can be had for nearly any reasonable price. Of course, there are many things to consider about these deals.

You should carry out a thorough inspection of the property which should be inclusive of the major structures of the property. The roof, sub flooring, basement, plumbing and wiring should also be inspected.

Be certain to get a detailed title search pertaining to the property. There are several property titles that have tax liens and this tax can be passed along to the new buyer of the property.

Most importantly though you need to know what the property should be bought for and what is worth after repair.

Use REOGoldMiner.com to find the REO deals and InvestorCompsOnline.com to analyze the current market value of the house you want to purchase as well as those of similar properties in the area. You will save time and money if you conduct a little research before you make bids on the properties in question.

So what should you look for to accurately analyze the data from InvestorCompsOnline.com? Compare properties using these top three items: year built, room count, and square footage. When looking at the prior sales provided, compare your property to sales with those similarities. This will give you the best view of what similar properties have been selling for as is and ARV.

Real estate investing is not just about selling a house and making some money. It will also take research in order to figure out its value and to accurately price the property. By using REOGoldMiner.com and InvestorCompsOnline.com, you will be able to find REO deals all over the nation and to know how to price it for resell.

Tags: Bank Reos, business, finance, Foreclosed Homes, Real Estate, real estate investing, reo investing, Reo Properties, virtual investing

What To Consider When Determining Property Value

Aug 20, 2009 Real Estate

Whether you’re buying or selling a home, knowing how house values should be determined is in your best interest. Being able to access house values of recently sold homes and knowing how house values are determined will help set an accurate asking price that will attract buyers.

Here are a few tips on the best way to determine property values. First and foremost avoid using properties which sold more than a year ago. Within the last six months is best but definitely only include comps which sold within the past year.

Then consider the areas normal market peaks and valleys. Some areas have significant lulls in the cool months and peaks in the warmers months or just before school begins.

Next, analyze the properties that have already sold. This allow you to focus on the end result of getting a sell for your home and give you a good representation of what has actually been successful. Using homes that are currently on the market can add a little knowledge, but these properties have obviously not sold. Their price may be the cause, so using their pricing to determine value may not be a good example of market value.

Finally, consider the size of your neighborhood when deciding the area to use for your search of past sales. In smaller communities make sure you are searching a larger area. In a smaller neighborhood you may need to expand your search because you have a smaller sample from which to draw your comps.

Educating yourself, practice, and successful resource tools will make valuing your properties a simple task. Using the property valuation search engine Investor Comps Online provides, and taking a little time to evaluate the data, will give you the most accurate information to select the best deals from REO GoldMiner. And remember better data, better deals, equals better profit$.

Tags: bank foreclosure list, bank reo list, business, property valuation, Real Estate, real estate investing, reo investing

What It Takes For Foreclosure Investing

Jul 18, 2009 Real Estate Properties

Many people claim to have the “secret” to buying and making money in the foreclosure market. With the many different strategies for successfully buying and selling foreclosed properties, each investor will find their own “secret” to making money in real estate.

If you’re hoping to get your start in real estate investing, one of the first places you probably looked was mortgage foreclosures. You probably contacted (or tried to, anyway) owners of properties who were about to lose their homes due to non-payment of their mortgage. If you were lucky enough to get anyone to answer the door or phone, you tried to strike up a deal with them to buy the property and make some money on their equity.

But, the vast majority of foreclosed homes are sold back to the lenders which repossessed them. Foreclosure investing, which happens when individuals buy foreclosures either on the auction block or before they actually get there while it has not increased in percentage, has increased in the number of such purchases being made over the last few years. This increase reflects the soaring number of people losing their homes. And for many of these people unable to continue with monthly mortgage payments, there is someone waiting to engage in foreclosure investing at his or her expense.

Foreclosure investing can be a challenge, but very rewarding if you understand the ropes. If you are one who enjoys a little risk, but understands the value of making calculated risk investments than foreclosure investing is for you. There are billions of dollars invested in real estate every year, and many investors make a good living with foreclosure investing. My web site will look at the very interesting aspects of foreclosure investing.

Foreclosure investing requires very little money down because both the sellers and banks are motivated. No matter the economy, foreclosures are a fact of life even in good times, but the current economic situation has made this time an unprecedented opportunity. Even with interest rates changing, and loan revisions being made, you can find foreclosures in almost every town.

Tags: b, bank foreclosure list, Bank Owned Homes, Bank Reo, bank reo list, business, e, entrepreneurs, f, Foreclosed Homes, foreclosure investing, i, internet;business, Investment Opportunity, o, r, Real Estate, Real Estate Properties, real;estate, reo investing, Reo Properties

REO Investing

Jul 10, 2009 Real Estate Properties

REO or Real Estate Owned properties are great investment opportunities. A property becomes REO when it’s not sold during an auction. Experienced and serious real estate investors make much money in dealing with REO’s in today’s market.

For the past years, a dramatic increase in sales of REO was observed. As compared to other investment opportunities, REO Investing creates several new wealthy investors due to a high return on investment these properties can generate.

The number of bank foreclosures has increased dramatically as well. This allow buyers to pick properties that meet their needs and investment purposes. REO Investing is fast becoming a lucrative investment opportunities for real estate investors.

REO isn’t hard to find. There are several places to find facts about REO properties. Most large banks have an REO department and real estate agents have a great relationship with the bank. You may also find REO properties online as some sites offer them.

Many banks publish their REO properties directly on their company website. Generally, a contact person will be assigned to the property. This individual is known as a Loss Mitigator and they will be the person who can make or break your deal. If you decide to make an offer on REO properties directly with the bank, be prepared for a lengthy process.

REO Investing is indeed one of the best way to profit on real estate. It’s important to conduct a thorough research about a property before finalizing the purchase. As much information you have, the more you’re saved from headaches and problems later.

Keep an eye out and know what you’re getting into with each property. Work your network for essential market information and buyer leads, and keep your wits about you at all times. There’s a lot of money to be made in distressed properties, but getting a share of it requires hard work, market savvy, and sometimes a bit of luck.

Tags: a, b, bank foreclosure list, Bank Owned Homes, Bank Reo, bank reo list, business, e, f, foreclosure investing, i, Investment Opportunities, m, marketing, n, o, r, Real Estate, Real Estate Properties, reo investing, sale