http://thereiminute.com/alternatives-to-owner-financing A new security instrument is poised to hit the real estate market, HEFI, Home Equity Fractional Interests. This has the potential to allow real estate investors to participate in mortgage modification plans. Additionally investors can use the instrument in place of owner financing on the homes they sell.
Today is listener question day and we have 2 really good questions. How to Assign an REO property to an end buyer and how to sort through all of the short sales on the market. Watch the entire video here http://www.thereiminute.com/how-to-assign-a-real-estate-contract/
http://www.thereiminute.com/how-to-profit-from-bank-owned-homes/ Catch this sneak peek at the 2 hour plus video seminar Andy Heller did for us on buying bank owned homes and sensibly lease optioning them for multiple streams of income and low maintenance motivated tenants.
http://getrealrei.com/fortunelauncher Catch over 2 hours of instruction and Q&A from Andy Heller as he walks us through buying bank owned homes and lease options all in less than 4 hours a week.
Bob Massey joins us to show us how to make money with short sales in the current market.
http://thereiminute.com/answer-your-questions How do you get more than 10 mortgages, get a property converted to a rental home and how do you make quick cash in real estate, we answer it all today.
Watch the entire Video at http://thereiminute.com/should-i-get-a-real-estate-license Have you asked yourself if you should get a real estate license as a real estate investor? Today we go through the pro’s and con’s of realtor licenses for real estate investors.
I had a great conversation with Bob Massey about enlisting the help of realtors to keep your pipeline filled with qualified short sale deals and retailing these homes to buyers. There is also a great Q&A session at the end. More info at http://getrealrei.com/shortsale
Watch the full video at http://www.thereiminute.com/lease-options-foreclosures-and-part-time-investing/
Watch the entire video at http://thereiminute.com/
If you are a real estate investor and are looking for ways to control properties without having to go to the bank for a loan and a big down payment then subject to financing is for you. Subject to expert Don Derosa joined me this week to share some of his inside secrets to subject to investing including his 3 criteria to spotting a good deal.
Watch the Video at http://thereiminute.com/rent-and-sell-homes-with-craigslist
Episode 12 - Rent and Sell Homes with Craigslist
I know the idea of getting a house really cheap is very exciting and sexy but if you don’t have an exit strategy then you are stuck with a property that you have big time holding costs on. That’s why it is important to know many ways to move a property. Today we focused on one very effective and affordable method, selling and renting your homes online.
Links from this Episode
Finding and Analyzing Deals
If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.
Watch the Full Video at http://www.thereiminute.com/how-to-analyze-comparable-sales/
It’s Viewer Question Friday and we had a very good question from Janiro…
“When finding 3 properties does the structure have to be the same, for instance when I researched my subject property on zillow the comparable properties were within the one mile radius, they had similar square footage as well as the same amount of bedrooms and bathrooms. However, I noticed that my property was wood with a 2 car detached garage, but the other properties were all brick with attached garages. Is that ok or should I find more properties?”
There are Four Main items you need to consider when developing good comparable sales, they include…
Finding and Analyzing Deals
If you want more detailed instruction on finding deals and then analyzing them make sure you join us for a special 6 week course on doing just that. Click Here for more information and to register today.
Episode 10 - Financing Flipped Homes with 203k Loans
Continuing with our them of flipping houses this month we are looking at a loan program many investors don’t know about, HUD’s 203k mortgage insurance program. This program is not available for investors but is available for home buyers to purchase a home that needs work and finance the rehab costs into the mortgage. This coupled with the First Time Homebuyer’s Tax Credit makes it a perfect way to give a retail buyer a dream home and help you move inventory.
Links From the Show
Episode 9 – Flipping Foreclosures and Short Sales
For a while now there has been some confusion about flipping bank owned homes and flipping short sales. We have heard way too many people say that they couldn’t do it. The problem is we do it all of the time and people all over the country are doing it every day. Today we decided to prove to you that not only can you flip a foreclosed home but just what some of the biggest banks and Freddie Mac have written in their policies.
Flipping Clunker Houses Webinar Replay, http://getrealrei.com/larrygoins
If you haven’t heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license. This would hurt real estate investors and home buyer’s alike. Let HUD know that you think this is a bad idea. They are taking comments on the ruling. Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard. http://thereiminute.com/hud-wants-to-end-seller-financing
Episode 7 - How do you Calculate Cash Flow to Know if You Have a Deal
Adam had a good question regarding what goes into calculating cash flow on a rental property.
“When investors talk about a property cash flowing, does that mean at 20-25% down payment? What if you put down 30 40 60 etc.”
Analyzing cash flow has been up for debate by many investors for a long time. We prefer to take a more conservative approach and make sure we include all of our one time and recurring expenses when we calculate cash flow. The one thing it doesn’t do though is tell you if one deal is better than another. Instead it is more of a minimum criteria calculation to quickly weed out properties that don’t make the cut.
Flipping Houses is Back!
Join us Feb 16th at 9pm as Larry Goins shows us how he is making really good money on small clunker houses others pass on. He is buying and selling these houses without cash, credit or even a buyer’s list to wholesale them too. If you ever wanted to pick up maybe $5, $7 or even $12k on a deal and do it consistently each month you need to check this out.
Episode 6 - Changes to HAMP May Mean 2nd Lien Holders are Willing to Play Ball on Short Sales
On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program. This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals. Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing. Just as importantly for us it may signal the beginning of better relationships between banks on short sales. Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved!
FREE Property Analyzer Software
Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins
February 16th at 9pm East - Only 100 spots an 18 left!!
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals
The REI Minute Episode 4 1st Time Homebuyer Tax Credit Extension
Last week there was a lot of talk surrounding the idea that congress needs to extend the 1st Time Homebuyer Tax Credit beyone it’s April 30th deadline. Everyone from NAR (National Association of Realtors) to economists from the big banks have given their two cents. Today we discuss the idea of extending the tax credit and how it effects you as a real estate investor or Realtor.
**JUST ANNOUNCED**
Join us for a FREE Webinar on Turning a Profit with Clunker Houses with Larry Goins
February 16th at 9pm East
http://thereiminute.com It’s viewer question friday. Today we answer the burning question, “How do you profit when you flip short sale deals without a real estate license.” We answer this and more
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