By: Propertyhawk

Is this my property?
We’ve all come across it. The tenant moves out and you are confronted with a place that you don’t recognise as yours. The walls are scuffed the appliances are dirty and the laminate floor looks as if the tenants have been having salsa parties every weekend. Your pristine apartment is looking decidedly dishevelled and you get the feeling that this is not right. What can you do about it?

Starting point for action
Firstly, you of course have should have taken a deposit. If the tenancy was pre 6th April 2007 then you are likely to be holding it yourself. If not, then it will be under the provisions of the Tenancy Deposit Scheme. Either way what you need to do is go back to the inventory you prepared when the tenants moved in. This is the starting point for any action. {continued}

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By: Roselind Hejl

The goal in a real estate negotiation is to reach a good agreement – one in which the underlying interests of both buyer and seller are met. The results of a poor agreement often return to haunt the parties after closing. Many of our real estate clients have been experienced negotiators in other industries, and we have learned from their skill and experience. Review these tips as you prepare for the purchase of your home.

What do you want to achieve in the negotiation?

The first step in getting what you need is simply to let the seller know – in a clear and reasoned way. For most people, the highest priority is the price they will pay for the property. The best way to establish this is by a market analysis of the neighborhood. Set an offering price range that makes sense. Knowing your range allows you to balance the price with other needs. Your interests might include:

Buying at the lowest price possible.   {continued}

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By: Charles and Kim Petty

Your exit strategy is an extremely important part of your real estate investing business. In fact, it is one of the most important parts. Sometimes investors get excited because they learn how to buy properties, they find them and they have the money lined up to purchase them, and they do, But when they get them, they have no idea what they plan to do with them.
You must know your exit strategy when you buy. What do you plan to do with the property? Knowing this allows you to make all types of decisions, from how much to offer, to what kind of financing to us, and more.

What is Wholesaling?
It is simply finding a bargain property and passing it on to a bargain hunter. That bargain hunter will be an investor who will either purchase the property to resell it or purchase it to hold it for rental income. Your profit as a wholesaler should be between $5000 and $15,000 on each house. In some cases it will be higher than $15,000 and on some deals your profit may be a little lower than $5,000. Why wholesale?

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By Karim El Sheikh

With all the hoopla in and around the country with the current real estate market, is it such a bad thing for investors or anyone willing to get a real estate investment going? I would say absolutely not. There is one thing that people can find right now and that is tons of foreclosures and houses in areas where the prices have never been lower. How could you not think about an investment right now, especially if you have or are able to get the capital to invest in it. There is no doubt about it – it’s a buyers market. So I’ve decided to let you in on four reasons why I think people should buy right now.

The first reason is the amount of houses for sale in this current market. With the amount of foreclosures, preforeclosures, and anyone wanting to get out of their home, the country has tons of homes for sale for your choosing. With the amount of homes for sale, you have a very competitive stance on getting a great deal on purchasing a home. The ball is in your court when negotiating because if someone has an asking price that you don’t want, you can move on to the next house down the street. This leads into my second point.   {continued}

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By Cory Boatright

Here is an excerpt from my home study course “Short Sale Fundamentals” in the final phases of completion now.

The Homeowner is in Bankruptcy

First off you don’t ever want to offer legal advice to the homeowner unless under the rare situations where you’re a qualified attorney. Let’s discuss the two typical types of bankruptcies that you may encounter.

Chapter 7 – know as Liquidation

Chapter 13 – known as Reorganization

With either type you are going to have to contact the Trustee of the Bankruptcy to get the property released out of it. 

You will need to get a letter called “Affidavit of Abandonment for Real Estate & Asset”

This letter will allow you to obtain clear title so you can close on the property with your buyer. Bankruptcy puts a hold or “stay” on the foreclosure process or any other debt collections period. This will continue until it is completed or a “release of stay” is issued by the judge for the lender or lender’s trustee to proceed with the foreclosure.   {continued}

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