![]() | |
![]() | |
![]() |
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: Billionaires’ Row developer Harry Macklowe wants to sell his 432 Park home — but he doesn’t own it New York Post Downtown Wheaton apartment development lands $124M in financing Crain's Chicago Business Real Estate Transactions, July 14 edition Hopkinton Independent Easing Private Access to Singapore’s Real Estate through “Tokenization” Urban Land Magazine Bluerock seeks to list real estate fund with investors already heading for the exits. InvestmentNews Apex Money Lending Expands Commercial Loan Offerings in Colorado for Real Estate Growth Akron Beacon Journal Mid-America Real Estate Corporation brokers sale of 67,146-square-foot shopping center in Oak Brook REJournals Commercial Real Estate Checklist – sponsored content MyWabashValley.com Plymouth County Retirement seeks emerging markets equity, core real estate managers Pensions & Investments AEW Capital Management Closes $1.75 Billion Opportunistic Real Estate Fund Boston Real Estate Times Hamptons Real Estate Market Data – Week of 7/8/2025 Hamptons.com Las Vegas real estate agents using loopholes to charge higher commissions - Las Vegas Review-Journal Las Vegas real estate agents using loopholes to charge higher commissions Las Vegas Review-Journal Red Apple Real Estate Inks Four Garage Leases in New York Commercial Observer Chester County Leadership: Clarence Martindell, EVP of Commercial Real Estate Lending, Meridian Bank VISTA.Today Halstatt Real Estate Partners Announces the Opening of Swell by Soltura in Bonita Springs, Fla. citybiz Real Estate Sold: July 16, 2025 The New Era | Sweet Home, OR Tilman Fertitta spent $270M for real estate on the Strip. Now it’s a parking lot Las Vegas Review-Journal Greater Boston Real Estate Board hires ‘clear-cut favorite’ Jackie McCarthy Boston Agent Magazine Lakeland commercial real estate giant expands into North Carolina Business Observer United Risk launches Thriver for real estate market Life Insurance International Real estate at the crossroads: What jobs, robots, and the Fed reveal about the market’s next move HousingWire Despite Office Market Slowdown, International Workplace Group Expands Rapidly in Massachusetts with Seven New Flexible Workspaces Boston Real Estate Times Drake Real Estate Partners closes largest fund yet after pivoting to institutions Private Equity Real Estate | PERE Wealth seminar aims to empower W-2 earners through real estate Long Island Business News Keeping it Real: The Exploitation of Low-income Tenants in the Inland Empire and Beyond Black Voice News Can real estate firms represent both buyers and sellers of property? The Arizona Republic July Economist Snapshot: What Will the Big Beautiful Bill Mean for Commercial Real Estate and Housing? Urban Land Magazine Dropping Prices Keep Hope Alive For Real Estate Buyers Front Porch News Texas See how Sugar Land, Missouri City's real estate market fared in June Community Impact 'Fish House' in Atlantic Beach reels in $15.5 million record sale The Florida Times-Union Massive residential Cancun real estate development shut down for illegal land sales Riviera Maya News Brian Hamilton: Nevada County real estate update TheUnion.com Navigating Asia Pacific Real Estate in 2025: Structural Shifts and Strategic Sector Selection AInvest Las Vegas: Tilman Fertitta spent $270M for real estate on the Strip. Now it’s a parking lot CDC Gaming Florida City Real Estate Market Crashes After Being Super Hot A Few Years Ago — Costs of Climate Change CleanTechnica Lakefront estate sells for $86.5 million as a likely tear-down in Palm Beach - Palm Beach Daily News Lakefront estate sells for $86.5 million as a likely tear-down in Palm Beach Palm Beach Daily News Gloria’s Gab: Gloria Burns Talks Real Estate & Innovation with Salim Chraibi of Bluenest Development Miami's Community News Metro seeks new real estate chief as Liz Price departs The Business Journals Arizona’s real estate market leverages AI and data tools to meet growing demand Arizona Digital Free Press Doorvest Acquires Wreno to Power Real Estate Operations and Pursue Property Management Acquisitions Business Wire National Media Names Local Real Estate Leader Woman of Influence Westfair Communications Art Advisory Meets Real Estate: A New Vision For Collecting James Lane Post An under-construction Lewiston mansion, plus other high-end Niagara County listings The Business Journals Solana’s Real-World Asset Boom: From Stocks to Real Estate Crypto Economy Flagship Communities Real Estate Investment Trust Announces July 2025 Cash Distribution GlobeNewswire News | Academy of Real Assets launches latest book focused on young people's real estate views CoStar REAL ESTATE | New ice cream shop to open in Slinger, WI | By Ann Bauer Washington County Insider Madbouly reviews progress on real estate export platform Dailynewsegypt Real estate inquiries by wealthy New Yorkers into Florida properties jump 50% after Mamdani primary win Fox Business Lead Real Estate (LRE) Opens New Hotel in Asakusabashi Insider Monkey Golfer Bryson DeChambeau's Massive Real Estate Investment Has Eaten Up Most Of The $125 Million He Got Paid To Switch Tours Yahoo Finance Real Estate Announce 'A Celebration of Atlas - The Eleven Year and 7 Month Anniversary' Tour Glide Magazine Foreign Investment in U.S. Homes Surges to $56 Billion, Highest Growth Since 2017 The World Property Journal 250 Church Avenue Yield PRO Jake Paul Closes One Of The Largest Real Estate Deals In Georgia History With $39 Million Purchase of 5,600-Acre Ranch Yahoo Finance Hell’s Kitchen hotel used to shelter migrants slated for resi conversion - Crain's New York Business Hell’s Kitchen hotel used to shelter migrants slated for resi conversion Crain's New York Business 'Married To Real Estate' Canceled After Four Seasons On HGTV, Say Hosts Egypt Sherrod & Mike Jackson deadline.com |
![]() |
![]() |
![]() |
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 |