3 Good Reasons Why You Should use an Attorney for Your Real Estate Investing
February 19, 2010 by Kenny Santos
Filed under Real Estate Investing
Skimping on attorney fees could cost you more than you bargained for when investing in real estate. New real estate investors often save money on their rehabs by cutting corners, doing work themselves and trying not to spend any money to make money. When it comes to having a good real estate attorney though be prepared to spend away.
You have to ask yourselves what you are willing to pay for a piece of mind especially if you deal with tenants. A few good contracts written up by your attorney will easily be worth it after your first eviction or foreclosure.
You can find hundreds of template contracts and real estate forms on the Internet, but just how legal are they? Ask yourselves why they almost always recommend you have your own attorney look them over anyway.
There are hundreds of reasons to use a real estate attorney in your wealth building, but here are my three favorites:
Title opinions. In some states you are required to buy title insurance to guarantee the marketability of your property. In others it is recommended to get a title opinion. A title opinion is the opinion of an Attorney regarding the merchantability of title based upon the title examination and commonly is written to a lending institution who will rely on this title opinion for the validity and ranking of its mortgage. This process could get pretty complex especially when dealing with vacant, bank owned and estate property.
Tenant Forms. If you have rental units it is imperative that you have a real estate attorney look over your documents to make sure that the language is specific to your situation and state. Tenant law in Iowa may not be the same as tenant law in Nevada. Trust me, if any wording is wrong in your 3-day notice or eviction paper work the magistrate or judge will spout out some state statute, your tenant will get to stay and you will have to start all over.
Leads. Attorneys can be a great source for leads. Motivated sellers often come from extenuating circumstances like divorces, bankruptcies and estates. If you have a good relationship with a real estate attorney perhaps you can help his clients out when they find themselves in situations like any of the above.
If you are new to real estate investing a real estate attorney should be on your team anyway, if you don’t have one yet be sure to find one fast. Your realtor or banker should be able to recommend a good one for you.
About the Author
Robb Beltran is an active real estate investor and publisher of the Real Estate Info Network. The Real Estate Info Network promotes real estate education through real estate seminars, e-books and real estate investing courses. www.realestateinfonetwork.com www.belstarproperties.com
Real Estate Investing - Three Ways To Make More
February 16, 2010 by Kenny Santos
Filed under Real Estate Investing
Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.
Three ways to make money investing in Real Estate
1. Fixing and Flipping Houses:
Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.
2. Fix, hold and sell later:
You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.
3. Flipping Houses:
If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.
Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.
Copyright ? 2006 Joel Teo. All rights reserved.
About the Author
Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine
Real Estate Investing - Three Ways To Make More
February 5, 2010 by Kenny Santos
Filed under Real Estate Investing
Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.
Three ways to make money investing in Real Estate
1. Fixing and Flipping Houses:
Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.
2. Fix, hold and sell later:
You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.
3. Flipping Houses:
If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.
Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.
Copyright ? 2006 Joel Teo. All rights reserved.
About the Author
Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine
Real Estate Investing - Three Ways To Make More
October 9, 2009 by Kenny Santos
Filed under Real Estate Investing
Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.
Three ways to make money investing in Real Estate
1. Fixing and Flipping Houses:
Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.
2. Fix, hold and sell later:
You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.
3. Flipping Houses:
If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.
Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.
Copyright ? 2006 Joel Teo. All rights reserved.
About the Author
Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine
Real Estate Investing ? Three Ways To Make More
September 11, 2009 by Kenny Santos
Filed under Real Estate Investing
Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.
Three ways to make money investing in Real Estate
1. Fixing and Flipping Houses:
Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don?t be surprised to make a profit, which is as high as $25,000 just on a single transaction.
2. Fix, hold and sell later:
You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.
3. Flipping Houses:
If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you?ll have to sell at a below- market price to the next investor.
Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.
Copyright ? 2006 Joel Teo. All rights reserved.
About the Author:
Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine
Great Source of Private Money For Real Estate Investing
August 4, 2009 by Kenny Santos
Filed under Real Estate Investing
How would it be to have access to over a million dollars in private money for real estate investing? That?s just what a good friend of mine stumbled into when he did a very simple thing? something you can do in an afternoon.
My friend, Jim, has been investing in real estate for several years. One day, after a family get together, he decided to let his family know about his investing. He had been pretty successful with small apartment buildings, so he decided to send out a simple postcard to all the members of his family, telling them to call him if they knew of anyone wanting to sell rental property.
Lo and behold, Jim got a call the very next week from an uncle he barely knew. The uncle didn?t know of any property for sale, but he expressed curiosity in what Jim was doing, so the two men made an appointment to get together for lunch.
At lunch, Jim explained his investing strategy, and outlined some of the successes he had enjoyed. He talked about the simple things in his business, like buying value, and looking for positive cash flow. He enjoyed talking about it, and Jim?s uncle seemed genuinely interested.
Then Jim got the surprise of his life.
As they were leaving, Jim?s uncle leaned into the car window and said, ?Could you use a silent partner to help with the financing end of things??
Jim says, ?I think my heart skipped several beats before I answered.?
After Jim?s heart started again, he told his uncle he?d be happy to put his money to work. It turned out that Jim?s uncle was sitting on nearly $1,000,000 in liquid assets, assets Jim has used over and over again during the last few years to build a rental real estate empire.
The funny thing is, Jim didn?t set out to find relatives with money. He was just looking for some property, and along the way he found one of the greatest private lenders I?ve ever heard about.
What can we take away from this story? Well, you may not have a relative with anywhere near the available cash Jim?s uncle has, but the question is, how do you know? More importantly, how easy would it be to find out? My guess is, pretty easy. Could you find a creative way to ask, and let your family know what you?re doing? Of course you could!
|
If you want to do more deals, and find private money for real estate investing, one of the very first places you should look is in your own family. Make some calls, send out postcards or letters, get together for lunch? whatever you need to do to get the word out. You never know what might turn up, or who. For more on finding private money for real estate investing, visit http://www.private-money-real-estate-investing.com/find-private-money.html. Need a quick jumpstart for beginning real estate investing? Tom Dunn writes “DealFiles - Real Estate Investor Stories”… stories of real investors just like you and their real deals. Why not check it out right now? It’s FREE! |
Great Source of Private Money For Real Estate Investing
July 7, 2009 by Kenny Santos
Filed under Real Estate Investing
How would it be to have access to over a million dollars in private money for real estate investing? That?s just what a good friend of mine stumbled into when he did a very simple thing? something you can do in an afternoon.
My friend, Jim, has been investing in real estate for several years. One day, after a family get together, he decided to let his family know about his investing. He had been pretty successful with small apartment buildings, so he decided to send out a simple postcard to all the members of his family, telling them to call him if they knew of anyone wanting to sell rental property.
Lo and behold, Jim got a call the very next week from an uncle he barely knew. The uncle didn?t know of any property for sale, but he expressed curiosity in what Jim was doing, so the two men made an appointment to get together for lunch.
At lunch, Jim explained his investing strategy, and outlined some of the successes he had enjoyed. He talked about the simple things in his business, like buying value, and looking for positive cash flow. He enjoyed talking about it, and Jim?s uncle seemed genuinely interested.
Then Jim got the surprise of his life.
As they were leaving, Jim?s uncle leaned into the car window and said, ?Could you use a silent partner to help with the financing end of things??
Jim says, ?I think my heart skipped several beats before I answered.?
After Jim?s heart started again, he told his uncle he?d be happy to put his money to work. It turned out that Jim?s uncle was sitting on nearly $1,000,000 in liquid assets, assets Jim has used over and over again during the last few years to build a rental real estate empire.
The funny thing is, Jim didn?t set out to find relatives with money. He was just looking for some property, and along the way he found one of the greatest private lenders I?ve ever heard about.
What can we take away from this story? Well, you may not have a relative with anywhere near the available cash Jim?s uncle has, but the question is, how do you know? More importantly, how easy would it be to find out? My guess is, pretty easy. Could you find a creative way to ask, and let your family know what you?re doing? Of course you could!
|
If you want to do more deals, and find private money for real estate investing, one of the very first places you should look is in your own family. Make some calls, send out postcards or letters, get together for lunch? whatever you need to do to get the word out. You never know what might turn up, or who. For more on finding private money for real estate investing, visit http://www.private-money-real-estate-investing.com/find-private-money.html. Need a quick jumpstart for beginning real estate investing? Tom Dunn writes “DealFiles - Real Estate Investor Stories”… stories of real investors just like you and their real deals. Why not check it out right now? It’s FREE! |
Great Source of Private Money For Real Estate Investing
June 18, 2009 by Kenny Santos
Filed under Real Estate Investing
How would it be to have access to over a million dollars in private money for real estate investing? That?s just what a good friend of mine stumbled into when he did a very simple thing? something you can do in an afternoon.
My friend, Jim, has been investing in real estate for several years. One day, after a family get together, he decided to let his family know about his investing. He had been pretty successful with small apartment buildings, so he decided to send out a simple postcard to all the members of his family, telling them to call him if they knew of anyone wanting to sell rental property.
Lo and behold, Jim got a call the very next week from an uncle he barely knew. The uncle didn?t know of any property for sale, but he expressed curiosity in what Jim was doing, so the two men made an appointment to get together for lunch.
At lunch, Jim explained his investing strategy, and outlined some of the successes he had enjoyed. He talked about the simple things in his business, like buying value, and looking for positive cash flow. He enjoyed talking about it, and Jim?s uncle seemed genuinely interested.
Then Jim got the surprise of his life.
As they were leaving, Jim?s uncle leaned into the car window and said, ?Could you use a silent partner to help with the financing end of things??
Jim says, ?I think my heart skipped several beats before I answered.?
After Jim?s heart started again, he told his uncle he?d be happy to put his money to work. It turned out that Jim?s uncle was sitting on nearly $1,000,000 in liquid assets, assets Jim has used over and over again during the last few years to build a rental real estate empire.
The funny thing is, Jim didn?t set out to find relatives with money. He was just looking for some property, and along the way he found one of the greatest private lenders I?ve ever heard about.
What can we take away from this story? Well, you may not have a relative with anywhere near the available cash Jim?s uncle has, but the question is, how do you know? More importantly, how easy would it be to find out? My guess is, pretty easy. Could you find a creative way to ask, and let your family know what you?re doing? Of course you could!
|
If you want to do more deals, and find private money for real estate investing, one of the very first places you should look is in your own family. Make some calls, send out postcards or letters, get together for lunch? whatever you need to do to get the word out. You never know what might turn up, or who. For more on finding private money for real estate investing, visit http://www.private-money-real-estate-investing.com/find-private-money.html. Need a quick jumpstart for beginning real estate investing? Tom Dunn writes “DealFiles - Real Estate Investor Stories”… stories of real investors just like you and their real deals. Why not check it out right now? It’s FREE! |
Real Estate Investing - Three Ways To Make More
May 1, 2009 by Kenny Santos
Filed under Real Estate Investing
Are you considering Real estate investing just to make that extra profit? There are many who believe that investing in real estate is a great source to make money. You can do real estate investing by buying houses and reselling them at a profit. Buying a house is probably the most expensive investment you can make in your life. Thus each sale you make selling your real estate, generates more profit potential for this reason.
Three ways to make money investing in Real Estate
1. Fixing and Flipping Houses:
Fixing and flipping houses is one of the most popular ways to make money in real estate investing. The concept of fixing and flipping houses is simple all you have to do is find a home that needs repair and maintenance. You go in and do all the repairs that are necessary and then put your home on the retail market. Don’t be surprised to make a profit, which is as high as $25,000 just on a single transaction.
2. Fix, hold and sell later:
You can also make money on real estate investing by buying a rundown property and doing all the repairs and maintenance that are necessary to bring the property up to the standard. Once this is done you can rent the home on a lease-option basis.
3. Flipping Houses:
If you do not want to spend on repairs yourself then this type of method will be suitable for you. All you need is some knowledge of home prices and also home up gradation cost. You need to find properties and resell them to other investors on an as-is-basis. Compared to the above two methods this method will not help you to make more profit per transaction as you’ll have to sell at a below- market price to the next investor.
Real Estate investing has been an effective way of making profit for centuries. You can continue to make profit by fixing and reselling homes as long as you are good at bargains and know your market well.
Copyright ? 2006 Joel Teo. All rights reserved.
About the Author
Joel Teo writes on arizona estate goodyear investment real . Learn more about Property Investment by signing up for his free Property Investment Ezine

