Title and escrow are the least covered topics in wholesaling houses. However, it is important to understand the escrow process because the power of this process can’t be denied. Read on to learn all the details about the escrow process: Understanding the Escrow Process Here’s how a qualified escrow company will do for you in … Read more
A hard money loan can be used to quickly fund real estate renovations, flips and rental property deals. But how can you refinance a hard money loan you used to purchase the property? We discuss all options in this post. Refinancing Works Great for Hard Money Loans Using a hard money loan to renovate and … Read more
Making an accurate house repair estimate for a house flip is very important. Choosing which house to flip is a big decision and not necessarily easy. Unless an investor knows how to accurately estimate repair costs, he will not be able to flip a house profitably. The cost/benefits of taking on a project very much … Read more
New house flippers often underestimate the complexity of the cost estimation process. Knowing which properties will be good deals in the long run, how much to offer, and how much to invest in renovations is crucial. Having tools to help you get through this process can be of great benefit. The great news is, … Read more
[et_pb_section admin_label=”section”][et_pb_row admin_label=”row”][et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] One way to get your flip project funded quickly is with a hard money loan. We discuss how to use hard money loans to finance house flipping below. Find a Good Hard Money Lender Hard Money Lenders Directory Your first step should be to visit our Hard Money Lenders Directory … Read more
Are you ready to finance a house flip using a hard money loan? Read these 59 hard money loan tips to ensure you cover all your bases! Tip #1: Overestimate Your Rehab Project Timeframe Always expect the unexpected when flipping houses. Problems with property rehabs including contractor issues will extend the project timeline, leading to … Read more
A foreclosure auction is the usual next step for a bank lender after they foreclose on a house. But do you actually need to be present at the auction? Can you buy a foreclosed home without attending a foreclosure auction? Trustee Foreclosure Auctions Most foreclosed homes are sold through live “trustee” auctions. These are typically … Read more
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] It is easy to find government foreclosures in depressed real estate markets. But they can also be found in strong markets as well. Below we discuss some secrets to finding government foreclosures. How Homes End Up as Government Foreclosures Many pre-foreclosure homes were offered as short sales but … Read more
Buyers at a foreclosure at auction can get a great deal on a property but will also face some challenges. In this article we discuss the basics of how to buy a house foreclosure at auction. How a House Foreclosure Auction Works (the basics) STEP 1: The lender (bank, etc.) will appoint one or more people, called trustees, … Read more
So you are looking to purchase a property at a foreclosure auction but are not sure whether to go to a courthouse auction or take part in an online auction. We discuss the differences between courthouse foreclosure auctions vs. online foreclosure auctions in this article. Online Foreclosure Auctions Most online auctions do the same thing … Read more
In this article we discuss what the best foreclosure auction bidding strategy is, depending on the situation. Essential Rules of a Solid Foreclosure Auction Bidding Strategy The best way to know how to bid effectively when you’re buying a house to flip at a foreclosure auction is to study what not to do. #1 Do … Read more
This article discusses who can bid at a foreclosure auction and why. Attending and bidding at a foreclosure auction, whether online or in person, can be an interesting and challenging experience. Who Can Attend a Foreclosure Auction? Live foreclosure auctions are free and open to the public to attend. Online auctions, however, must first require … Read more
This article discusses some of the risks of a foreclosure auction and steps you can take to avoid them. Buying real estate at foreclosure auctions can be a lucrative endeavor. However, there are many risks involved that can negatively affect the profitability of these investments. It is up to the investor to become educated about … Read more
A house foreclosure auction can offer investors greater savings than many other avenues of buying real estate. In this article, we describe where to find foreclosure auctions and some key info to get started. When a bank forecloses on a home, it is losing money without the owner’s payments. Thus, it is typically very eager … Read more
Buying a foreclosed property can be very attractive to would-be buyers due to the price, but purchasing foreclosed homes can be complicated and there are costly mistakes that can be made. To avoid the risks associated with flipping a foreclosed house, you need to do some serious background research on the property and the neighborhood. … Read more
When planning to buy a house at a foreclosure auction, it’s essential to know of there are any liens on the property. So how do you investigate foreclosure liens? Liens to Look for When Buying a Foreclosure Auction Property There are multiple types of liens that can be placed against a property which. You should … Read more
This article discusses the differences between foreclosure auction properties and REO properties, including the pros and cons of each. These are important considerations when deciding what type of property to buy. How a Real Estate Owned (REO) Property is Created Two things can happen to a home that cause it to become an REO property: … Read more
Is it possible for a contractors lien to cause a house to go to foreclosure auction? This question is answered in detail here. Can a Contractor’s Lien Cause a Foreclosure? The answer is no. A contractors lien cannot by itself cause a house to go into foreclosure. A contractor can put a lien on a … Read more
Buying foreclosures usually means bidding at a foreclosure auction or making offers to a banks for properties. This can be a time consuming and frustrating process. However, what if an investor could go straight to a property owner and acquire their right of redemption? We discuss how in this article. What Is the Right of … Read more
Wholesaling houses has truly become one of the best ways to get into the real estate investing industry. However, when it comes to real estate wholesaling many people wonder if a real estate license is a must to get started. The simple answer is no — you don’t need a license to wholesale houses. You … Read more