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...
Secrets to Finding Government Foreclosures
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...How to Buy a House Foreclosure at Auction
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,...Courthouse vs. Online Foreclosure Auctions [The Differences]
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...What is the Best Foreclosure Auction Bidding Strategy?
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...Who Can Bid at a Foreclosure Auction?
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...What Are the Risks of a Foreclosure Auction?
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...How to Find a House Foreclosure Auction
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...Buying a Foreclosed Property? Avoid These Mistakes!
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...How Do I Investigate Foreclosure Liens?
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...Difference Between a Foreclosure Auction and REO?
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...Can a contractors lien cause a house to go to foreclosure auction?
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...Acquire Foreclosed Houses by Buying the Right of Redemption
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...When is the Best Foreclosure Auction Time of Year?
Is there a certain time of the year when most foreclosure auctions take place? When is the best foreclosure auction time of the year? This article discusses some of the major timing factors. To answer this question we need to dive in and understand the timeline for...How to Pay After Winning a House Foreclosure Auction?
This article discusses how to pay after winning a house foreclosure auction, including methods, timing and procedures for payment. Let’s assume you’ve bid on a property at a foreclosure auction and ended up winning the bid. Now, how do you actually make...What Types of Properties Can You Buy at a Foreclosure Auction?
This article discusses the different types of properties you can buy at a foreclosure auction and the pros and cons of each. Single Family Homes The most popular type of property to be auctioned at a foreclosure auction is the single family home. These are sold at...Foreclosure Auctions – What If the Homeowner Files Bankruptcy Before the Auction?
So you’re ready to go to a foreclosure auction and have prepared well for it. You have even looked at some of the properties and have your eyes on one in particular. However, the property you’re interested in did not go up for bidding at the auction, even...Foreclosure Auctions – Does a Quitclaim Deed Give Clear Title?
So you are about to complete the purchase a property at a foreclosure auction and have been given a quitclaim deed for the title. But is it a clear title? What is a Quitclaim Deed? A Quitclaim Deed is a commonly used instrument for transferring titles. This deed is...What Happens After Winning a Foreclosure Auction?
So you have the winning bid at a foreclosure auction. Congratulations! Now what? Here we will discuss what happens for the buyer immediately after the foreclosure auction ends. Paying for the Property After a Foreclosure Auction Completing the sale at the foreclosure...What Happens if a Foreclosure Auction is Postponed?
This article discusses what happens if a foreclosure auction is postponed or delayed. We discuss the types and reasons for postponement, who triggers them, and the effects. Postponement of a foreclosure auction may occur months, weeks, or even days leading up to the...Worst Mistakes When Flipping a Short Sale House
Flipping short sales houses is a great way to make profits under certain market conditions. However, errors can be costly in terms of time and money. In this article we discuss some of the worst mistakes when flipping a short sale house. Mistake #1: Assuming...How to Finance a Short Sale House?
A short sale can be a great way to get a good deal on a property. In this article we’re going to discuss how to finance a short sale house purchase. Short sale financing will be unique to each situation, and the process isn’t always straightforward....Government Foreclosure Auctions List
This is a great list of government foreclosure auctions to help find foreclosed properties of all types to buy and sell for a profit. Foreclosure Auction Aggregators These sites are great for finding federal, state and local auctions without visiting multiple sites....Can You Use a Hard Money Loan For Foreclosures?
The short answer to the question whether you can use a hard money loan for foreclosures is “yes”. In this article we discuss how hard money loans work for financing purchases of foreclosed real estate, and some tips to consider. Hard Money Loans for...How to Purchase a Foreclosure at Auction: 3 Things You MUST Know To Avoid Losing Money
Foreclosed homes usually have things wrong with them below the surface that may not be found until after the auction. These issues can kill the profit from a foreclosure deal before you ever get started fixing up the home for resale. It is crucial that a buyer...Are Wholesale Houses Better Than Foreclosures?
‘Are wholesale houses better than foreclosures?’ is definitely a tricky question. It can’t be answered in a simple ‘yes’ or ‘no’. The reason is that foreclosures have their own pros and cons. Often, wholesalers tap into foreclosures to make money. In other words,...How to Eliminate Liens on a Short Sale House?
Whether you are a seller or a buyer, when dealing with a short sale house, it can be complicated to deal with liens. Knowing how to eliminate liens on a short sale house can help alleviate these issues and speed up the purchase. Why You Must Eliminate Liens From a...Who Can Exercise the Right of Redemption?
With the right of redemption a borrower (mortgagor), or a third party who purchases the right, can reclaim a property during foreclosure or after a foreclosure auction sale. In this article we discuss who can exercise the right of redemption and how it affects the...How Do I Buy a Short Sale From the Homeowner?
This article discusses how to buy a short sale house from the homeowner, how short sale transactions work, and essential steps for success. House flippers are always interested in getting a great deal on a home. Purchasing short sales can be very profitable if done...States With Right of Redemption
The right of redemption can cause a real estate investor to have to give back the property they win at a foreclosure auction to the original homeowner. Which are the states with right of redemption? Read on find out… What is the Right of Redemption? The right of...Related Posts
Do You Need a License to Wholesale Houses?
Reverse Wholesaling vs. Wholesaling Real Estate
It is important to know the differences between reverse wholesaling vs. wholesaling. Both are profitable but come at wholesaling real estate from different angles. Approaches to Wholesaling There are basically two ways to approach wholesaling real estate: To be a...
Wholesaling Houses Case Studies
Before wholesaling houses, reviewing a few successful case studies can help." Such case studies offer the foundational knowledge you will need to make wise decisions when wholesaling. My First Wholesaling Case Study I have closed on many real estate deals in the past....
Where to Find Properties for Wholesaling?
Real estate agents are always on the lookout for potential properties they can sell through numerous means. While there are multiple means of selling a property, including fixing and flipping and foreclosure, we will be focusing on wholesaling in this article....
How Do You Network to Find Wholesale Houses?
Who’s the best house wholesaler in town? The one who networks well and is able to find wholesale houses quickly! Networking effectively is a skill real estate wholesalers need to have in spades to source houses at discount prices. At the end of the day, it is how you...
Are Wholesale Houses Better than HUD Houses?
In comparison to HUD houses, wholesale houses are definitely a better option if you're looking for high profits. If you are wondering how and why, then continue reading... HUD Homes—What are They? As compared to conventional loans, an FHA loan is easier to qualify for...
Wholesaling Houses—Step by Step Process
Are you interested in earning quick money through real estate wholesaling? Want to learn the process? Then, you have come to the right place. In today’s post, we’ll walk you through all the steps of wholesaling houses. Take a look: Wholesaling Houses: How It’s Done In...
How Does The Escrow Process Work For Wholesale Houses?
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...
Do “We Buy Houses Ads” Work For Wholesaling Houses?
If you’re looking for an avenue to make quick money and build your equity over time, then wholesale houses is your best option. This is a legit real estate investing strategy that helps new real estate investors enter the industry without any risk. But, more...
Can You Wholesale Houses Without a Limited Liability Company (LLC)?
Yes, you can wholesale houses without a limited liability company (LLC). However, it is advisable to create an LLC and then wholesale houses. Many wholesalers, unfortunately, make the critical mistake of not creating or procrastinating on setting up an LLC. This often...
Can You Wholesale Houses That Have Liens?
The concept of wholesaling houses revolves around making money out of distressed properties. They are completely opposite of MLS (Multiple Listing Services) properties. MLS properties are retail properties that are sold to retail buyers through either cash or...
Can You Wholesale Houses That Have a Mortgage?
New wholesalers often find it difficult to determine if they should wholesale houses with mortgages. If you are in a similar situation and don’t know what to do, then you have come to the right place. In today’s post, we will explain whether it is feasible or not. So,...
Can Unlicensed Investors Wholesale Houses?
If you have been told that it’s illegal to practice wholesaling without a license, you are in for a real surprise. Although wholesaling houses is legal, it can also be performed by unlicensed investors. The fact is that it doesn’t make a difference whether an investor...
Can Realtors Wholesale Houses?
Real estate wholesaling is a controversial topic because of its legality issues. However, what makes it even more controversial is when realtors act as wholesalers. The truth of the matter is that wholesaling houses is a legal real estate investing strategy. Real...
How to Wholesale Houses in a Competitive Market
Did you know that real estate wholesaling is the easiest way to enter the industry right now? There are no capital, cash or credit score requirements. The best part is that you can make profits quickly. No wonder real estate wholesaling is skyrocketing in popularity....
Wholesaling Houses: A Contract Example
When dealing with real estate wholesaling, the first part of the process is to draw up a contract. This contract is also known as a ‘Purchase Agreement’ and is made between a motivated seller and a wholesaler. It gives the wholesaler the right to have control over...
Can You Wholesale Houses Using a Loan?
Although property investment is an excellent way to build your equity, holding it can expose you to several risks. These risks may include vandalism, market swings and natural disasters like earthquakes and hurricanes. Needless to say, the everyday challenges related...
Is Wholesaling Houses Better Than Fix & Flip Houses?
Are you new to the real estate industry? Do you have little or no investment capital? Then we’d advise you to opt for wholesaling houses over fix and flip properties. Although fix and flip houses offer high ROIs, the process requires a great deal of experience and...
Are Wholesale Houses Better Than Foreclosures?
‘Are wholesale houses better than foreclosures?’ is definitely a tricky question. It can’t be answered in a simple ‘yes’ or ‘no’. The reason is that foreclosures have their own pros and cons. Often, wholesalers tap into foreclosures to make money. In other words,...
Are Wholesale Houses a Scam?
Real estate wholesaling strategy may seem like a scam to many people for different reasons. For example, there is practically nothing to lose or any risk involved. Wholesalers can enter the market without making any investment. They can even benefit from this...