The real estate market is hot these days, with homes getting snapped up in days and bidding wars breaking out left and right. For wholesalers, this is a great time to do deals, as investor interest is high. Of course, some states and cities are better to wholesale...
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...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
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15 Questions to Ask Motivated Sellers When Wholesaling Real Estate
As a real estate wholesaler, you perform a very valuable service. You help motivated buyers and sellers find each other in a very noisy market. The real estate wholesaler is not always looked at as a benevolent soul trying to make everyone's life better. It may be...
9 Questions to Ask a Wholesaler When Selling Your Home
You've decided to sell your home to a real estate wholesaler. Now, you need to know what to ask the real estate wholesaler because they are not the same as real estate agents. Also, maybe you are hoping to sell your home faster and with less effort and money spent on...
How To Start Wholesaling Real Estate
Wholesaling real estate can be a lucrative side income or full-time occupation. Connecting a seller and buyer and taking a “finder’s fee” without having to tie up your own capital in a property can be a great way to do deals quickly. But how do you start wholesaling...
How Much Can You Make Wholesaling Houses?
Wholesaling houses can be a lucrative source of income if you have the skills to find properties and sell them with a good margin. After all, you’re not buying the property itself at any stage during the process, so you can make thousands of dollars just for acting as...
Is Wholesaling Houses Illegal?
There has been an ongoing debate about whether selling real estate wholesale is legal. If you ask real estate professionals, you can get many different answers but often never the same answer. Real Estate Wholesaler's Niche First, let's look at the niche real estate...
Wholesale Real Estate Terminology You Must Know – Part Two
If you’re a real estate wholesaler or just cutting your teeth on the topic, take a look at these must-know real estate terms. For those of you who know all of them, bravo! But, if there are some terms that you don’t know or are unsure about, review them and make sure...
Who Pays Closing Costs in a Wholesale Real Estate Deal?
If you have never closed a real estate deal, you may be forgiven for thinking that it is a simple transaction. The buyer and seller meet, agree to the contract terms, exchange cash, and go on with their lives. Of course, that is not how it ever happens! There is a lot...
How to Buy Real Estate From a Wholesaler?
Buying real estate from a wholesaler can be a great opportunity to purchase an undervalued property, fix it up, and reap profits later. Finding a good wholesale property, though, isn't as easy as buying a property on the regular real estate market. Wholesalers are...
Do You Need a Lawyer to Wholesale Real Estate?
Wholesaling real estate, on the face of it, seems like a straightforward enough business. You find a property and seller, enter into a purchase contract with them, and then sell and transfer that contract to the end buyer. Unfortunately, it's often more complicated...
How Wholesale Real Estate Contracts Work
Like some of you, I was once a novice in wholesale real estate, and I scavenged the Internet for all the information that I could find on it. Now, there are guides, like this one, to explain how wholesale real estate contracts work. So, whether you are new to being a...
Wholesale Real Estate Terminology You Must Know – Part One
We have compiled a list of some of the must-know vocabulary for all you hustlers working in wholesale real estate or thinking about getting into it. The vocabulary you need to know is a bit different from that used by real estate agents and bankers since real estate...
Do You Need Money to Wholesale Houses?
Real estate wholesaling is a way of making money with properties that you don’t own without going through the hoops of becoming a real estate agent or broker. You don’t buy the property, so you don’t need to invest large sums in it. Still, people interested in this...
Taxes on Wholesale Real Estate: Who Pays and How Much?
Have you decided that you want to be a real estate wholesaler but don’t know where to begin? Or, do you have some lingering reservations because you don’t know how to handle the money part? Well, read more and find out how to manage your taxes so that you don’t have...
Reverse Wholesaling Vs. Wholesaling Real Estate
If you're interested in wholesaling real estate properties it's important to know the differences between reverse wholesaling and wholesaling. Both can be very profitable but approach wholesaling from different angles. Two Approaches to Wholesaling Real Estate There...
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 You Need a License to Wholesale Houses?
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...
Wholesaling Houses Case Study
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...