Buying Foreclosures, REOs. Short Sales, FSBO, MLS and More

There are a lot of what makes a deal good. I am writing to define some of those so you may gain a perspective to help you in your investing career.

Leverage is important to many investors. It is basically how little money you put into a transactions. Those that have money will often try to find deals where they have to put as little as possible into the transaction. Why? Because they can then leverage themselves and their money to purchase more properties.

This is one of the items most investors would include into a property making sense.

There are a lot of what makes a deal good. I am writing to define some of those so you may gain a perspective to help you in your investing career.

Cash flow is one of the most important factors of investing. Renting the property can often be the plan B or C that we need. If you get into a property that has no cash flow possibilities you may not have the plan B or C you were looking for.

How much cash flow is needed is up to you but it is important to ask yourself: Is this property important to cash flow? How much cash flow should I have? Will this property cash flow?

Well, Thats right, I am Working on my first "Short Sale". This is just as Difficult as I thought it was going to be, especially since the Lender is Friggin' Counrty Wide(Go Figure!?), But a Deals a Deal. So, i thought that I would post the Details of the Deal:

Nice, "Bread & Butter" Property in a Good, Desirable Neighborhood, needs a Light Rehab, $10,000 or even Less. Property is a 3BR, 1.5BA, 1,200 Sq.Ft.

ARV: $170,000
BUILT: 1908
TAXES: $1,600 YR
OWES: $199,000
NEGATIVE EQUITY: $29,000(Approx)

At This Point, I get EVERYTHING I need(Paperwork Wise) Ready to send to the Lender:

i recently visited realtytrac.com. (i hope i am doing this right) i noticed a $ amount on the preforecloser listings. what does that $ amount represent in respect to what one might start making offers to that paticuler property? an answer to my would be greatly appreciated or where i might go to find the answer

I just looked up an house for 115k but the owner is thinking to sell it at 110k before the realtor sells the house? what can i do to lock this deal up and maybe make a profit, i am goin to view the house right now? she said it needs interior sides for three parts.

I wasn't sure if I put it in the right forum last time. So I'm re-posting it in this one. Sorry if this is a problem, just let me know.

Hello everybody!

I am completely new to real estate, and I have a few questions to help get me started.

I am finding it very difficult to find good foreclosures in our counties. Everything here that is worth the investing is 100,000 and more. We are starting out with no money and have been offered some owner finacing deals but us starting out with no money I am finding it rather difficult to find anything. Any suggestions??? I know Deans last deal of the month, he said he would help people. Does that still satnd and if so how do you contact him to discuss an oppurtunity with him????

I am thinking of buying a HUD house. There is nothing wrong with this townhouse, but there is something wrong with the house attached to it. It has been destroyed by fire. The question is should I still be interested in this house, should I discount the price and by how much? The house next door is an eye sore.
I like to have opinions on this.

Several things should be considered before you place a bid at tax foreclosure sales. You should know as much as possible about the circumstances surrounding the foreclosed property.

Tips and advice

Tip 1. There are two types of foreclosed property tax sales: a tax lien sale and a tax deed sale. It is crucial you know which type of foreclosure property you are bidding on as they are very different from each other.

I am staying with someone and they are going to be moving out in about a week. there are problems in this house that i know of and easy fixing to carpets, doors, and holes in the wall. a lil fixing around the house, and i was reading that go for the ugly houses, i was thinking that this would be a great opportunity to start?