| |
| |
|
Real Estate Information |
|
|
Real Estate Investing: Beware of Subject To Promises
Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need to buy his book so you can finance multiple properties "subject to." The reason, he said, "because banks won't let you finance more than ten mortgages." This simply isn't true. First, banks let you finance as many mortgages as you can pay for. Some banks limit the number of loans made to one person. Experienced real estate investors just move on to another lending institution. I know one investor who owns more than one hundred single family homes. All have mortgages. He constantly refinances one rental for the down payment to buy the next. Besides living off the cash flow from his rentals, he also refinances a rental occasionally to take his family on a first-class vacation. Another investor, my friend who owns the carpet company we use for our fixers, owns more than fifty rentals. None were purchased "subject to" the existing loan. Many were purchased "all cash" for quick closings, with mortgages added later. For beginning real estate investors, looking for an owner willing to sell their property "subject to" the existing loan adds a frustrating component to the search for a profitable property. Today's savvy home sellers just won't sell to a buyer who can't cash them out. Of course, some investors offer "subject to" and lease-option purchases. But, properties with most of the equity stripped out come with payments too high for rental income to support. These properties make better candidates for owner-occupant home buyers with poor credit who don't mind paying more for a house. Beware of "subject to" seminars, books, and promotions. This real estate investing method worked last century. Copyright (c) 2005 Jeanette J. Fisher. All Rights Reserved. Jeanette Fisher teaches real estate investing and credit college courses. She became a credit expert to help her real estate students buy their dream home and multiple investment properties. Jeanette is the author of "Credit Help! Get the Credit You Need to Buy Real Estate" and other books. For a free report, "Credit Tips for Mortgage Financing," visit the Real Estate Credit Help Center http://recredithelp.com
MORE RESOURCES: The ‘Most Colorful Home in Queens’ Has a Dark Secret The New York Times Exclusive | NYC Real-Estate Firm Nears Deal to Buy Troubled Office Landlord Paramount The Wall Street Journal Big gains for Real in DC; a Coldwell Banker M&A in NJ Real Estate News by RealEstateNews.com Opendoor to expand nationally after stock bull run, C-suite shakeup Real Estate News by RealEstateNews.com How the East Baton Rouge commercial real estate market is performing Baton Rouge Business Report 'Nepo homebuying' isn't as popular as it used to be. That's actually a bad sign for the US real estate market. Business Insider Smotrich: Gaza a real estate ‘bonanza,’ Israel talking with US about dividing it up The Times of Israel Deal With Real-Estate Investment Trust Helps Bring Down Another U.S. Hospital Operator Organized Crime and Corruption Reporting Project | OCCRP Sugar Pine Village honored as 2025 Best Real Estate Project of the Year by Sacramento Business Journal TahoeDailyTribune.com Rays' top leadership steps down ahead of team sale as real estate developer readies takeover CBS Sports Bezalel Smotrich says settling Gaza could offset war costs The Jerusalem Post Smotrich says Israel sitting on a 'real estate bonanza' in Gaza, talking to the US about dividing it up The Times of Israel Mortgage rates approach 6% as Fed makes first rate cut this year Real Estate News by RealEstateNews.com Is the US rental market up or down? It’s a little of both Real Estate News by RealEstateNews.com Bess Freedman on Real Estate as Rates Fall Yahoo Finance CREF Roundup | Week 38, 2025 Frost Brown Todd Davis Hires Alexander K. Zabik to Lead Strategic Credit Platform Boston Real Estate Times Shoring Up Your Agent Force: Recruiting and Retention in the Changing Real Estate Landscape RISMedia World Property Ventures to Launch Digital Real Estate Bank Banking Exchange This Pennsylvania Home Experienced the Most Absurd Renovations in the History of Real Estate CandysDirt.com Former Jonesboro mall property auctioned off to local bidder K8 News | Jonesboro, Arkansas EQT Real Estate names first-ever global COO Private Equity Real Estate | PERE Watch the Video: How Bob Richards Became Boston’s 2025 Commercial Broker of the Year Boston Real Estate Times This $1.6 billion deal is a sign that the worst of the crisis in office real estate is in the past MarketWatch How Stacey Caito Combines Innovation and Heart to Transform Real Estate in Northern Virginia International Business Times Do you find that real estate buyers on the South Shore are more decisive in the fall, aiming to close before the holidays? fireislandnews.com RNR People in Real Estate – Texas & more Realty News Report S. Korea’s NPS takes minority stake in Nordics real estate firm Pensions & Investments Ropes & Gray Bolsters Strategic and Real Assets M&A Capabilities with Partner Michael Brueck in New York Ropes & Gray LLP Interest Rate Predictions Post Federal Reserve’s First Rate Cut in 2025 Norada Real Estate Investments Post Real Estate Group buys affordable housing property Rancho Cordova Apartments The Business Journals Federal Reserve Cuts Interest Rate by 0.25%: Two More Cuts Expected in 2025 Norada Real Estate Investments West Shore Expands in Kentucky with Acquisition of The Heritage and Heritage Grove Apartments in Bowling Green Boston Real Estate Times GPIF makes first bets on its own for Japan property, infrastructure Pensions & Investments The area real estate market settles down goldendalesentinel.com Where Does Gordon Ramsay Live? Exploring the Chef’s International Real Estate Portfolio Architectural Digest Gulyas joins Portfolio to cover real estate market Talking Biz News Clear Secure (YOU): Evaluating Valuation After Launching Real Estate Partnership With Fidelity National Financial simplywall.st M&T Bank: Continually Reallocating Away From Commercial Real Estate and Toward Consumer Lending Morningstar When Will Be the Best Time to Buy a Home in 2025? (Hint: It’s Coming Soon) National Association of REALTORS® Real Estate Transactions | Sept. 2-5, 2025 Republic-Times Top residential real estate sales for September 1-5 in Longboat, Lido, St. Armands, Bird Key Your Observer REAL ESTATE | A new chapter for Arrow Power Center in West Bend, WI Washington County Insider One Big Beautiful Bill Act Provides Enhanced Real Estate and Start-Up Business Tax Incentives New England Biz Law Update Calvin Harris accuses financial adviser of stealing $22.5M for 'boondoggle' real estate project NBC News What is the real state of crime in America? WOSU Public Media ‘The most colorful home in Queens’ now asks $2.5M — but there’s a dark secret lurking behind the walls New York Post Apollo Commercial Real Estate Finance (NYSE:ARI) CEO Stuart Rothstein Sells 52,073 Shares MarketBeat Jason Schwartzman Lists His California Cottage for $1.75 Million—Less Than a Year After Purchasing It Realtor.com Green Courte Partners Acquires Maritime-Focused Industrial Outdoor Storage Property in Norfolk, Virginia PR Newswire |
|
|
|
RELATED ARTICLES
How I Became a Real Estate Investor Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. Property Investing Secrets 1 When property investing, pay the seller their asking price but negotiate the terms under which you can buy property. You'd be absolutely surprised when property investing at how many sellers will help fund you into their property. Four Reasons To Offer Seller Financing An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. Homebuyer Heaven Can't Possibly Last With interest rates at record lows over the past year, there's really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. Real Estate Investing - Free Vacations While Searching for Real Estate Acquisitions Real estate investing professionals look for all possible tax deductions because of the generous profits derived from real estate investing.For example, real estate investors are concerned whether the sale of their real estate is subject to capital gains taxation or qualifies as ordinary income. High Profit Real Estate Investing--Make a Good Deal Every Time! Knowing what a Good Deal is - Is the Key to Success inReal Estate.Dear Investor,Take this little survey: The most important key to Real Estate Success is:1. Property for Sale in Piemonte Italy is Attracting British Interest The Region has four distinct seasons but in general possesses a Mediterranean feel strongly influenced by the proximity of the Mediterranean Sea. Winters are short and cold (the snow and mountains providing spectacular scenery for the region's ski resorts). How to Get Started in the Real Estate Game Fixing and Flipping Houses If you're looking to get started investing in real estate by fixing and flipping houses, you'll want to know what to type of property to buy. Many real estate investors make millions turning ugly houses into dollhouses. What are the Top 11.5 Criteria for Selecting an Orlando Investment Property 1. Make sure units are larger than 1800 square feet. Flat Fee MLS Listings - Is This The Future Of Real Estate Realtors are all a buzz about this new form of listing houses on the MLS (multiple listing service). Some feel it creates more work for the buyers agent, while others see this as a way to tap into the For Sale By Owner market. How To Simplify Your Real Estate Buying/Selling Experience Today's real estate consumer has a lot to consider during the sale or purchase of a home. Be it waiting for the right buyer/seller, mortgage rates, or the moving truck, the experience can take a bit of patience on the part of the consumer. Important Facts For Home Buyers If you are considering buying a home or have spent many years saving in preparation of buying a home, the questions and process involved in buying a home can be extremely stressful. As exciting as it is to begin looking for your new home, there are many unexpected costs and details to be considered before contacting a real estate agent. 3 of the 5 Ways Real Estate Can Take Advantage of Blogs and RSS Earlier this month, Realtor Magazine announced that they would be featuring an article about Tampa Bay Realtor John Mudd and the success he has been having in attracting prospects and media attention with his blog on real estate. Since then, many others in the Real Estate market have been curious about how to implement similar strategies to capture leads in their areas. Writing on the Wall - Are REITs a Better Investment for You? When I was a young child I had many annoying tendencies. My mother explained to me that the most annoying was my need to write on the walls of every room. Real Estate Investing - So You Want to be a Landlord! Is landlording the way to go if you are starting into real estate investing today?Receiving cash flow from rental residuals is an exciting idea. If the rental housing is congregated in large apartments within a focused area, the costs of management and maintenance are more economical. Are You Profiting From O.P.P.? Are you profiting from O.P. Fixer Uppers: Dont Make This Mistake Making money with "fixer-uppers" isn't about repairing drywall or planting flowers. It's about using the right approach from the start. Hiring A Contractor - 10 Mistakes To Avoid A very smart attorney I know paid $7,000 for a roof repair, only to have the roof leak the next time it rained. The contractor stalled, made excuses, but never did a thing about it. Buying an Unfinished Home Maybe Your Answer For the first time "want-to-be" homeowner, purchasing an unfinished new home maybe just the answer. With mortgage interest rates still at record lows, there has not been a better time to purchase a home in decades. How to Afford Your Dream Home Is it your dream to one day own a holiday home in the sun; a beautiful house where you can escape, relax and be free of the worries that seem to go hand in hand with every day life?Well, you're not alone!A recent survey by a well known mortgage lender in the UK revealed that up to one in three Britons not only dream about owning a home in the sun but fully intend to make that dream a reality some day. And in the US the number of Americans planning to one day buy that ideal second home haven is now up to three in ten people.
|
| home | site map |
| © 2006 TIGER MEDIA |