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Real Estate Investments
from:We have all heard how investing in real estate can make us a lot of money in a short amount of time, however there is more to it than meets the eye. Simply purchasing a property to resell or rent to tenants is not the end of the story. Smart real estate investors look for properties that are below market value. A good way to find these is to look at foreclosures. Some homes that have been foreclosed on will be ready to rent or resell at a profit. Other buildings may need renovations or updates in order to sell them. Working with a trusted real estate agent who specializes in foreclosures, knowing what you are investing in ahead of time by carefully looking the property over and making the best deal you can is the best way to come out ahead.
Get a listing of properties that have been foreclosed on
Obtaining and reading a listing of properties that have been foreclosed on before you look at any of the properties that a real estate agent may want to show you can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. Most banks, credit unions and mortgage companies want to get rid of these properties as quickly as possible. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information. This also generally means possession after closing is immediate so there is no wait for the current tenants to move out. This is the best way to make a quick turn around on your investment.
Viewing the properties
Once you have narrowed the list down by looking through the listings you obtained then contact a realtor that specializes in the type of properties you are seeking if you do not already have a realtor you work with. If you want to look strictly at properties that have been foreclosed on seek a realtor that knows about selling this type of property. Take the real estate listing with you so you can jot notes down about each property as you go. If you wait until you get home, pertinent information may be forgotten. Ask the realtor to find out the possible selling price of the home if it were put back on the market immediately. Find out what properties in that area rent for if that is your goal. Most real estate agents know this information and will be more than happy to help you.
Real Estate News
Soundview Real Estate Partners Responds to Grim CMBS Report - MarketWatch (press release)
Soundview Real Estate Partners Responds to Grim CMBS Report MarketWatch (press release) STAMFORD, CT, May 23, 2012 (MARKETWIRE via COMTEX) -- Trepp, LLC is the leading provider of information and analytics to the CMBS, commercial real estate, and banking markets -- and a recent report, filed in April, has caught the attention of many ... |
China Stocks: Gemdale, Poly Real Estate, Shanghai Pharma - Bloomberg
China Stocks: Gemdale, Poly Real Estate, Shanghai Pharma Bloomberg Property stocks: Poly Real Estate Group Co. (600048) (600048 CH), China's second-largest developer by market value, gained 1.5 percent to 13.61 yuan. Gemdale Corp. (600383) (600383 CH), the fourth largest, advanced 3.4 percent to 6.63 yuan. |
Real estate market continues rebound - Dubuque Telegraph Herald
 Newsday | Real estate market continues rebound Dubuque Telegraph Herald MILWAUKEE -- The real estate market in Wisconsin continued to rebound last month, as sales of existing homes rose 19.5 percent and the median sale price nudged up 2.4 percent. The figures released by the Wisconsin Realtors Association reflect the 10th ... Real Estate - A Good Investment Again? The real estate market in Wisconsin continues to rebound.- 7:45 am Sales of homes in state on the rise |
A Real Estate Firm's History Is Told in Its New Home - New York Times
 New York Times | A Real Estate Firm's History Is Told in Its New Home New York Times PLAINVIEW, NY — When William Rechler built a small industrial building hard by the Long Island Expressway here in 1961, it was a first step beyond Brooklyn for his family's growing commercial real estate holdings. It is unlikely that Mr. Rechler ... |
Growing Indian real estate firm BPTP turns to IBM to improve customer buying ... - MarketWatch (press release)
Growing Indian real estate firm BPTP turns to IBM to improve customer buying ... MarketWatch (press release) NEW DELHI, May 23, 2012 /PRNewswire via COMTEX/ -- IBM (NYSE:IBM) today announced that BPTP Limited, one of the leading Indian real estate companies, has adopted IBM PureSystems to streamline its IT infrastructure and improve the overall home buying ... Real estate firm BPTP adopts IBM system |