Many have been wanting to buy bank owned properties. One must be familiar of what REO (Real Estate Owned) means. This refers to a property that has gone through the foreclosure process but failed to find a buyer at the auction and thus, now owned by the bank or a government agency.
Not all REO are open for public purchase for most of the time, banks prefer to sell these properties to huge investors that buy properties by bulk on a one-time basis.
A lot of investors
As one of the types of creative financing in real estate, a subject-to transaction enables a buyer to take title to property without obtaining one's own note.
In this transaction, the buyer does not need to pay transaction costs associated with obtaining a traditional loan for the seller leaves one's existing financing in place. This process is like assuming a loan, but it is still different because it usually takes place without the consent of the original lending institution and
For one who wishes to start real estate wholesaling, the first thing to do is to build a list of buyers. Buyers must be search first before looking for the property that would match their needs.
Put an ad over craiglist.org in order to spread the news. If one thinks that advertising stops here then that is wrong. There are more important aids in marketing and these are the very popular social marketing sites such as Twitter, Facebook, Linkedin and Tagged among others where one could
A very common question among buyers and tenants goes like this:
"When we visited the house, 'Item X' was there. But when we moved in, it was taken away by the owner. Is it legal?"
Issues like these are solved under the law called "Law of fixtures". For those of you who are new to this, fixtures are Personal* properties that are fixed or firmly attached with the Real Property. It is also known as "chattel". Some examples might be trees,
I started a thread called " Name the one thing you would advice to new comers" and I requested everyone to share ONE pro and con for new comers in the real estate field. And I got this really cool response from Chrisopher Moltisanti. It's far from the "one thing" concept, but undoubtedly it's a great reply.
Way to go Chrisopher!
Originally Posted by Chrisopher Moltisanti
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