About Short Sales

SUBJECT TO: Subject-to investing means that you are buying a home “subject to” the existing financing. You get the deed to the home but the original owner keeps the mortgage in their name. You take over payments of the mortgage and ultimately sell the deed to someone else.

WHOLESALING: This is where you buy a home inexpensively and then sell it to another real estate investor. You might not make as much as if you fixed up the home and sold it to a consumer but you can flip houses quickly this way.

REHABBING: This is the well-known (and well-televised) strategy of buying an inexpensive home and fixing it up to resell it to someone else. There is some time and money involved in the restoration process but you can dramatically increase the value of your investment.

LANDLORDING: A well-known strategy to buy property and then rent it out to someone else. Although there are headaches with this strategy, you get an ongoing stream of monthly income as well as the appreciated value of the property over the years.

There are other types of real estate investing but these are among the most popular and lucrative and investors are making thousands on these methods right now.

There are many more strategies for investing in real estate, especially in today’s unstable market. You can go to my website where I hold training with the Experts of Real Estate every week and sign up for FREE! Just go to www.investingwiththestars.net/season3 and enter you name and primary email address and you will see all the speakers I have lined up to teach all the newest strategies. You will reall get a lot out of these trainings and pick up some great tips you can use right away.

Nancy Geils
Investing with the Stars

Looking for info on real estate investing, go to real estate investing, to claim your FREE 6 month newsletter on tips and strategies to make more money in real estate investing! Then visitwww.investingwiththestars.net to find the best advice that the experts offer atreal estate investing training for you.

We all know that once you’ve started to make money and you’ve started earning a cash flow, things will be different. But that very initial “oomph” that will get your business started requires someone to stake you some money.

The standard places that investors go when they need money are:
* Borrowing with credit cards or against assets and personal credit
* Borrowing from friends or family

We all know that none of these options are really ideal. Your credit cards have usurious interest rates; you can only borrow so much against your assets before you run out of “borrowable” room; your personal credit is a risky thing to borrow against; your friends and family could quickly become your ex-friends and the family you don’t speak to any more.

Unfortunately, it doesn’t seem like there are any other options.

But there are. In this downloadable book, I’ll show you other options you can use to borrow money to fund your deals. You’ll learn the secrets that the pros use to generate investment capital that they can use to fund deals; and this capital is surprisingly easy to find, fairly easy to get, and could be the spark you need to get your real estate business really growing.

You should note that this ebook isn’t JUST for beginners. However, I reference beginners frequently because those are often the investors that need the most help finding money. If you’re a seasoned pro who has someone made your way through the real estate investing jungle and you are looking for ideas, advice, and suggestions on how to improve where you get your investment capital from, you’ll benefit from this downloadable book, too.

That’s because what you’ll read here, no matter where you are in the “timeline” of real estate investing – whether a novice or an expert – applies to everyone. That’s because we’re working on one concept here: The “snowball” concept of investing. The “snowball” concept of investing suggests that if you invest $1 today and earn back another $1, you’ll have $2 that you can then apply to your next investment which might earn $4 and then the next one which will earn $8, etc. Essentially, every previous successful investment adds to your potential for a bigger, better, and more lucrative next deal. So if you want help with this snowball method – if you want help creating an avalanche of money! – then this ebook is for you.

Ready to get started? If you’ve turned on the car and you have the gearshift in drive, my downloadable ebook will show you where the gas pedal is.

Want to find out more about business lines of credit?real estate business lines of credit, then visit Nancy Geils’s site how to sign up for free real estate training funding for real estate deals and all your needs.

In today’s market, those investors who be able to successfully buy short sale properties stand to make a lot of capital. The obvious benefit of which is that they be able to buy an investment property for well below the market value, and in the case of a short sale, less than is payable on the property. For investors looking to get into buying short sales, the return be able to be phenomenal.

What steps are needed to buy a short sale? Initially, to define a short sale in real estate, it is just purchasing a property for less than is owed. As an investor, you stand to gain significantly when buying a property in this process. However, you will be dealing with a institution that is trying to decrease their loss so there will be a lot of paperwork that will need to be completed. As such, dealing with a lender when buying a short sale requires a fair amount of work and patience.

While going through the short sale process, you must be aware of how each participant will act through the process Obviously the property owner is a big factor in the transaction and may be going through some financial turmoil which is leading to the need for a short sale. Before even beginning the short sale process, be sure that the property owner is willing to complete the transaction and understands the implications.

Be sure that you get the property owners approval, but you will need to contact the loss mitigation department of the institution in order to start the process. Because the institution is in business to make capital, you will need to make a compelling instance in order for them to agree to a short sale. Nearly all lenders will only agree to short sales if the property is facing foreclosure or non-payment of the loan. With that in mind, the onus is on you to demonstrate that the deal is in the institution’s best interest.

Now that you understand these two players, the process of convincing each to short sale the investment property to you is a process of working with both parties to create a offer that will satisfy the needs of both the property owner and the institution. Develop a short sale proposition with the help of the property owner. Include a letter from them explaining their inability to continue to pay on the mortgage as well all additional substantiation. Document and photograph all areas of the property that are in disrepair, and get an appraiser to come out and give an appraisal based upon the lowest marketable value of the home.

Now you just need to agree on a purchase price with the current property owner and submit it along with the package to the lender. Put forward your purchase proposal along with the short sale package to the institution and gently push it through the approval process. It the proposition is approved, your purchase of the short sale goes through. If not, only modify your request and submit it again.

If you would like to learn more about how to invest in short sales or download a free copy of the IP Ware real estate investment software visit our real estate investment site today.

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