Real Estate Investor Shop

Competition for QUALIFIED buyers is fierce and those buyers have more choices than ever before. So the only thing to do to attract more of the right kind of buyer is to make your property just a little bit better than anything else on the street or in the neighborhood. Even small upgrades can pay off big. And while new cabinets, flooring, and roofs tend to be big-ticket items, isn't it nice to know that a can of WD40 can solve at least 40 problems you might run into during your house renovation?  A few of those uses include:


1) Removes crayon from walls
2) Camouflages scratches in ceramic and marble floors
3) Removes black scuff marks from the kitchen floor
4) Gives floors that `just-waxed` sheen without making it slippery
5) Lubricates tracks in sticking windows and makes them easier to open
6) Lubricates noisy door hinges on vehicles and doors in homes
7) Keeps pigeons away (they hate the smell)
8) Keeps glass shower doors free of water spots
9) Untangles jewelry chains
10) Removes stains from stainless steel sinks

List continued on House Renovation page.

A property foreclosure goes through three phases. As a real estate investor, you'll want to be aware of the pros and cons of each phase so that you can make informed decisions about buying foreclosures:

1. Pre foreclosure phase. When the homeowner gets behind in the loan repayments and the loan goes into default, the lender will start foreclosure proceedings against them. It is during this phase that you can approach the owner with an offer to buy the property before it goes to auction.
   
2. Auction phase. A property foreclosure auction is usually held on the steps of the county courthouse and the property is sold to the highest bidder. The starting price is usually well below market value— the opening bid is the amount that is owed on the property plus auction fees, so you have a chance to grab a real bargain at these foreclosure sales, if you do your homework and find out everything you can about the property.
   
3. Real estate owned phase. This phase of house foreclosures is often referred to as the REO phase. When a property is not sold at public auction it is taken back by the lender. The lender then usually lists house foreclosures with a real estate agent.

Get more information here on buying foreclosures.

Getting money to do real estate deals doesn't have to mean going to a bank, filling out an application, putting up a down payment, and waiting to be approved. There are lots of people out there who are looking to be your "bank." Just like you, they want a good return on their money. But unlike you, they don't want to be real estate investors. They'd rather loan out their money at a great interest rate that they'll never get from a bank account, CD, or the stock market (not in the near-term anyway!). How do you meet these people? Some might be friends you already know, either very well or just casually. Some might be relatives. Some might be professionals you do business with every day (doctors, lawyers, business owners). Engage them in conversation and prove your credibility. Explain your strategy for purchasing good deals and show how their monetary investment could be backed by the real estate you are purchasing. Private lenders don't care about your credit score. It doesn't matter to them if you have a corporate job or are doing real estate full-time (exactly opposite of most banks!). Learn how to approach people who have money to lend any you'll never need a bank again. Learn more about Private Lenders here.