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Where are the best places to buy rental property?

Now that the real estate is showing signs of prices stabilizing in many parts of the country, investors are investing in rental property more and more. However, for many, the $64 question is “where should I invest”? Well, according to a survey of the “Best 100 U.S. Markets to Invest in Rental Property”, developed by [...]

How To Use The Internet To Perform Due Diligence On Real Property

As far as I’m concerned, the Internet is one of the greatest inventions of all time, and ranks right up there with flush toilets, sliced bread and basketball! For real estate investors, the Internet is the single best property due diligence research tool available. Especially for investors who are located in counties where property tax rolls are online. [...]

How to Negotiate the Best Deal for Yourself

To me, real estate negotiations are about two things and two things only: Price and terms. And that’s why your objective during negotiations, should always be to obtain a purchase or sale price and terms, which will give you the best possible deal. By “best possible deal,” I mean a price and terms that an [...]

2011 Real Estate Market Expected to Show Some Improvement

Ah, it is so much fun to be able to write something positive about the real estate market!

According to an economic outlook report just issued by Fannie Mae, our country’s economy should “kick into higher gear” by the second quarter of 2011. This positive outlook is the result of improvements in consumer spending, consumer [...]

Buyers of distressed properties in third quarter reaped largest discount in five years

According to a report released by RealtyTrac, foreclosure homes accounted for 25 percent of all U.S. residential sales in the third quarter of 2010 and that the average sales price of properties that sold while in some stage of foreclosure was more than 32 percent below the average sales price of properties not in [...]

Owning real estate within an IRA

Can I own real estate within my IRA?

With investment property priced to move, some IRA owners are buying actual real estate properties. Did you know you could do that? Most people don’t. Not everyone can do it; not everyone should do it. However, some people are doing it – particularly high net worth IRA [...]

Fannie Mae expands first look initiative; Investors must wait 15 days to buy foreclosure

Dennis Norman

Fannie Mae announced this week that it is expanding the Freddie Mac First Look Initiative so any home shopper can buy a HomeSteps® home as their primary residence during the first 15 days of the property’s listing without competition from investors. HomeSteps is the real estate sales unit of Freddie Mac and [...]

10 Quick Ways to Find Motivated Sellers

Shae Bynes, GoodFaithInvesting

Happy Tuesday folks! Hope everyone enjoyed their weekend. This week we’ll be doing a bit of follow up with leads from our calls last week, so I’m looking to have some great updates soon. In the meantime, one of my new blog readers Britanny (Hi Britanny!) asked a great question which prompted [...]

Private Money Momentum

Shae Bynes, GoodFaithInvesting.Com

It’s really interesting how much more confidence you have when you’ve already done something successfully.  It seems that I’m finding it even easier to talk to people about opportunities to invest with us now that we’ve secured our first private lender.  In fact, it looks like we have a second potential [...]

Private Money and Self-directed IRAs

Shae Bynes, GoodFaithInvesting.Com

Happy Friday everyone!  Can I just tell you that I am simply floored (almost overwhelmed) by all of the support, encouragement, and advice I received the past couple days from my post about leaving my nearly 11-year career in corporate America?  You all are so awesome – thank you!

Just wanted [...]

Record Short Sales and Foreclosures Here to Stay

Over 11 million homeowners in the US have Negative Equity

Dennis Norman

According to a report released by First American CoreLogic estimating that the typical U.S. homeowner whis is currently in a negative equity position will not see positive equity in their homes until late 2015 to 2016.  Furthermore, in some depressed markets, the [...]

100 Dollar Leads

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 [...]

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

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 [...]

Subject2 Investing with Nick Johnson

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 [...]

Real Estate seized by IRS to be sold at auction

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 [...]

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

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 [...]

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

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 [...]

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

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 [...]

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

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 [...]

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

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

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 [...]

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

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 [...]

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

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 [...]

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

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 [...]

Are home sale-leasebacks opportunities for real estate investors?

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 [...]

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

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 [...]

Why Real Estate Speculators Never Go Broke

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 [...]

Robert Allen Calls The Bottom Of The Real Estate Market

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.

[...]

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

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 the [...]

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

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, [...]