Buying Property | Real Estate Investors Daily

100 Dollar Leads

By Nick Johnson, on February 4th, 2010

Nick Johnson, Subject2.com

This post is from being re-inspired by Cole Haynes. He recently posted on my Facebook wall that he purchased some from my suggesting that I make in my Subject2 Investing E-book. I believe also that Chris Guthrie (forgive me if I spelled your last name wrong) has started using them due to [...]

Think that a Foreclosed Home is the Best Deal in Town? Think Again.

By admin, on December 18th, 2009

Ten signs that trouble might be just around the corner.

It’s easy pickings out there for many potential home buyers. Housing prices are at their lowest in more than a decade, inventories are high, analysts are predicting a new wave of foreclosures and the government is offering two substantial tax credits for which many home buyers [...]

Subject2 Investing with Nick Johnson

By Shae Bynes, on December 15th, 2009

Shae Bynes, Good Faith Investing

Hello Guys & Gals, I have a trick up my sleeve that most of you have probably never even heard of. It’s called Subject2. This strategy isn’t a new secret, it’s been going on for as long as you can imagine.

This term is also commonly know as Sub2 and Subject-To.

What [...]

Real Estate seized by IRS to be sold at auction

By Dennis Norman, on December 2nd, 2009

Dennis Norman

The IRS acquires property as a result of seizing it or otherwise acquiring it for nonpayment of taxes and sells the acquired properties at auction. There are a few things to keep in mind when considering whether to bid on, or buy, property in this manner, including:

The owner (the taxpayer) has the right [...]

Number of consumers interested in investing in real estate doubles since March

By Dennis Norman, on November 16th, 2009

Dennis Norman

Investors…Have you noticed more competition out there lately? Particularly when trying to buy foreclosures?

If so, it is probably not just your imagination. According to a survey conducted by Move.Com, 25.3 percent of home buyers are looking for foreclosures and forty two percent of those buyers say their purchase is for investment. So that [...]

Real Estate seized by IRS to be sold at auction-Updated List

By Dennis Norman, on October 26th, 2009

Dennis Norman

The owner (the taxpayer) has the right [...]

D.D.I.Y. (Don’t Do It Yourself) – Outsourcing for your Real Estate Business

By Shae Bynes, on October 26th, 2009

Shae Bynes, Good Faith Investing

If you’re like me and working a full time gig while building your real estate business, it is critically important to figure out how to leverage others and maximize the limited time that you have. Quite honestly, this is important regardless of your available time because that’s the point right? [...]

Short sales up 268 percent from a year ago; Serious mortgage delinquencies up 147 percent for same period

By Dennis Norman, on October 20th, 2009

Dennis Norman

Yesterday the Federal Housing Finance Agency (FHFA) released its foreclosure prevention report for July, 2009 for Freddie Mac and Fannie Mae loans. Based upon the data in the report I would say it’s safe to say the housing market is going to continue to be challenged for a while.

Ah, the opportunities though for the [...]

Ever tried to buy an REO? If so this should be familiar

By Dennis Norman, on October 11th, 2009

I thought we would start out this Sunday morning on a light note. At the end of last week I was checking out the blog of Stephani Davis, the bartender turned real estate wholesaler, “Flip This Wholesaler” and saw the video below poking fun at REO agents. I couldn’t resist and had to publish it [...]

Real Estate seized by IRS to be sold at auction

By Dennis Norman, on October 9th, 2009

Dennis Norman

The owner (the taxpayer) has the right [...]

Short Sales increase 45 percent in 2nd quarter; Foreclosures up by 23 percent

By Dennis Norman, on October 6th, 2009

Dennis Norman

Many investors see short-sales and foreclosures as opportunities to make money in this challenging real estate market. If you are one of them, or agree, rest assured, there are plenty more “opportunities” coming.

According to a report just released by the Federal Housing Finance Agency, the number of short sales and foreclosures continue to increase.

[...]

Demand by tenants for 3 bedroom apartments on the rise; Roommates on the rise

By Dennis Norman, on September 30th, 2009

Dennis Norman

According to a report just released by MyNewPlace.com , as a result of the bad economy, renters around the nation are saving money on their monthly housing costs by sharing apartments with roommates rather than opting for living alone in a one bedroom apartment. As a result, demand for 3 bedroom apartments has been [...]

U.S. Marshals Service Asset Forfeiture Real Estate to be sold at auction

By Dennis Norman, on September 28th, 2009

By: Dennis Norman

That’s right, once again, just like you see advertised on late-night infomercials and in online ads, you can buy property that has been seized by the U.S. Government! Some of the ads I’ve seen indicate you can buy “homes for 1 dollar” for “pennies on the dollar”, etc. I’m not so sure about [...]

Are home sale-leasebacks opportunities for real estate investors?

By Dennis Norman, on September 22nd, 2009

Dennis Norman

I was at a real estate industry function last night and, while talking with Dave, a commercial real estate broker, an interesting topic came up. We were discussing the residential market and potential buying opportunities, concerns about an oversupply of rental property, etc. Dave then asked if I thought sale-leasebacks would be a good approach? Sale-leasebacks [...]

What are the best and worst real estate markets going to be in the next year?

By Dennis Norman, on September 10th, 2009

Dennis Norman

By: Dennis Norman

I would love to say I have a definitive answer to the question the title of this post poses but I think I’ll leave that to the economists and analysts that track the real estate market and get paid to make such predictions.

One such company that does just that is Local Market Monitor, a company that uses [...]

Why Real Estate Speculators Never Go Broke

By Dennis Norman, on September 8th, 2009

Dennis Norman

By: Dennis Norman

Right off the bat, as a result of the recent real estate market, I’ll bet a few people may disagree with the title to this post. Believe me, I may be one of those people but the title is a direct quote of a friend of mine with over 30 years experience as an [...]

Robert Allen Calls The Bottom Of The Real Estate Market

By Dennis Norman, on September 4th, 2009

Dennis Norman

By: Dennis Norman

If you have been paying any attention to this blog over the past month or so you will know that I have discussing the idea that the positive numbers are being reported lately on the housing market may be nothing more than a false bottom and not a recovery.

There are, of [...]

What do title companies think of Option Short Sale Flip deals?

By Dennis Norman, on September 3rd, 2009

Dennis Norman

By: Dennis Norman

I have written a couple of previous posts about a practice that has gained popularity over the past couple of years: the use of an option contract to “buy” a property on a short sale and, assuming the investorcan find a buyer, flipping the property to a new buyer on the same day [...]

U.S. Marshals Service Asset Forfeiture Real Estate to be sold at auction

By Dennis Norman, on September 1st, 2009

By: Dennis Norman

That’s right, just like you see advertised on late-night infomercials and in online ads, you can buy property that has been seized by the U.S. Government! Some of the ads I’ve seen indicate you can buy “homes for 1 dollar” for “pennies on the dollar”, etc. I’m not so sure about that, but [...]

Has the real estate market hit bottom? Is it time to buy?

By Dennis Norman, on August 31st, 2009

Dennis Norman

By: Dennis Norman

Recent reports on the real estate market have been pretty encouraging and, in fact, many are suggesting the real estate market has hit bottom or is even beginning a recovery. Some of the current stories I’ve seen are:

Stocks spike on recovery hopes- CNNMoney.Com - ”The report is basically telling us that the [...]

Foreclosures; No end in site

By Dennis Norman, on August 27th, 2009

Dennis Norman

By: Dennis Norman

Foreclosures have been providing a steady supply of homes to the investor market for a while now and it appears foreclosures will not slow down anytime soon. There are many companies that track foreclosure activity as well as provide investors with information on foreclosures and while their take on things varies [...]

Home sales see record increase in July; Good news for the Real Estate Investor that wants to buy or sell investment property

By Dennis Norman, on August 21st, 2009

By: Dennis Norman

Dennis Norman

The housing market continues to show signs that it may be ready to come off life support which is very good news for the real estate investor. I know many investors have been anxious to take advantage of some of the great opportunities to buy investment property at prices way below what it [...]

House prices increase in June; House price increase from April to June largest in nine years

By Dennis Norman, on August 20th, 2009

Dennis Norman

By: Dennis Norman

Investors, get those check books ready, maybe it’s time to buy again? Adding to the list of recent positive reports on the housing market and home prices is the Housing Market Report that was issued this morning by Radarlogic. According to the report home prices increased in June from the previous month in [...]

Where are the best investments in California and Florida?

By Dennis Norman, on August 11th, 2009

Dennis Norman

By: Dennis Norman

Today SmartZip, Inc. released it’s first release of the SmartZip Top 10 Markets™, a list of top-rated cities most likely to yield above-average investment returns over the next ten years. The markets are hand-picked by SmartZip’s analysts in conjunction with local market experts.

Presently SmartZip, which just launched its public Beta site in [...]

National Fix and Flip Network; a great new resource for investors
Final post of the series

By Dennis Norman, on August 5th, 2009

Dennis Norman

By: Dennis Norman

Monday and Tuesday I did part one and two of my series on the National Fix and Flip Network and today will finish this series with the conclusion of my E-View TM with Eric Dale, the Vice President of National Fix and Flip network.

Dennis-Eric, you have touched on some of the resources your network provides for [...]

National Fix & Flip Network – a great new resource for investors
Part 2 of a series

By Dennis Norman, on August 4th, 2009

Dennis Norman

By: Dennis Norman

Yesterday I did part one of my series on the National Fix and Flip Network and today will continue this series with the beginning of my E-View TM with Eric Dale, the Vice President of National Fix & Flip network.

Dennis-Eric, from talking with you I know your background is real estate and in fact it is [...]

National Fix & Flip Network – a great new resource for investors
Part 1 of a series

By Dennis Norman, on August 3rd, 2009

Dennis Norman

By: Dennis Norman

I recently received a press release from ServiceLive.Com announcing their company had joined forces with National Fix and Flip Network to help real estate investors that are buying homes to “Fix and Flip save time and money on home repairs and improvements”.

I was not familiar with either of these companies but I was intrigued [...]

More on Short Sale Option Deals

By Dennis Norman, on July 2nd, 2009

Dennis Norman

By: Dennis Norman

This past Monday I did a post on short sales where I addressed the use of option contracts by investors on short sales. Since then I have spent a lot of time discussing and researching this approach to short sales.

I always try to keep an open mind when I look at [...]

Foreclosures and Short-Sales on the rise

By Dennis Norman, on June 30th, 2009

By: Dennis Norman

Today the Office of the Comptroller of the Currency (OCC) and the Office of the Thrift Supervision (OTS) released their mortgage metrics report for 1st quarter 2009.

The report shows foreclosures continued to increase during the first quarter of this year. However the report also shows a significant increase in short-sales which I discussed yesterday [...]

Are options a good way to profit from short sales?

By Dennis Norman, on June 29th, 2009

Dennis Norman

By: Dennis Norman

A recent study shows that 20% of homeowners owe more on their mortgage than their homes are worth. This, coupled with the challenged market we have been in the last year and a half or so, has led to a record number of “short-sales”.

A short-sale is something that was relatively unheard of [...]

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