Real Estate Investing By The Numbers

Written by Mark Walters


Real Estate Investing By The Numbers

Just like most things real estate investing can be broken down into easy to learn step.

Step One - Learnrepparttar basics:

Ownership of real estate is evidenced by a valid deed. When you buy propertyrepparttar 103030 seller signs a deed that transfers his ownership interest to you. Most states use a Warranty Deed. With that deedrepparttar 103031 seller warrants that title torepparttar 103032 property is as he has described. You would buy title insurance in case some defect in title was discovered afterrepparttar 103033 transfer of ownership. Recordingrepparttar 103034 deed is notice torepparttar 103035 world that you arerepparttar 103036 new owner.

You must know how to correctly fill out such basic documents as purchase offers, deeds, options, leases and rental agreements. Many of those documents have been recorded in your county and you can see many expert examples by viewing your County Recorders files.

If you have borrowed money to buyrepparttar 103037 propertyrepparttar 103038 lender will record a mortgage or trust deed immediately afterrepparttar 103039 Warranty deed has been recorded. This mortgage is a lien onrepparttar 103040 property and givesrepparttar 103041 lender power to foreclose if you violate terms ofrepparttar 103042 loan, like stop making payments.

Step Two - Understand how to buy real estate:

Most sellers want to sell their property for full price and all cash. Investors generally want to buy at a discount and delay paying for as long as possible. To do that you must understandrepparttar 103043 many techniques an investor can use to satisfyrepparttar 103044 needs ofrepparttar 103045 seller.

You only make good deals ifrepparttar 103046 seller is urgently motivated to sell. Perhaps he has lost a job, been transferred, has a drug problem, is facing divorce, bought more house than he could afford... or a variety of other reasons why he/she must get out from under those mortgage payments.

You can control real estate with leases, options, subject to techniques and a host of other "creative ideas". To be successful you must understand which technique to use in which situation. You just talk torepparttar 103047 seller until you learn what he/she will accept.

Step Three - You must uncover a steady stream of motivated sellers:

They are always plenty of people who must sell their homes and sell them in a hurry. The trick is to find them. Since most people will so "no" to any offer but all cash, you need to be constantly onrepparttar 103048 search those motivated home owners.

"Why would any company pay a Finder's Fee?"

Written by Tevita Rasaku


There are over 240,000,000 people in this country -- and millions of businesses (small, medium & large). Can any business know of ALL ofrepparttar sources of supply, potential buyers, or providers of necessary services? -- Not on your life!

Why should a company spend thousands of dollars, and tie up essential employees to do nothing but researchrepparttar 103029 existence of these suppliers, buyers, and providers -- when they can easily let a Finder go torepparttar 103030 trouble of locatingrepparttar 103031 contacts they need. And, those fees are considerably less than what they would have spent if they had donerepparttar 103032 research themselves.

Finders EARN their fees by weeding-throughrepparttar 103033 unqualified leads and flakes; by following all ofrepparttar 103034 dead-end paths; and eventually putting their hands on a real, honest-to-goodness source, buyer, or whatever. -- THAT is what a Finder gets paid for doing.

A company, or individual, who pays a Finder's Fee, pays it so they won't have to chase down all of those unqualified leads, blind alleys, and dead-ends.

It is really far easier than you might imagine...but...if you don't know how to do it (and do it right), you may chase down allrepparttar 103035 blind alleys without ever finding a profitable match. - That's what happens to most amateur finders - a lot of blind alleys but NO Fees!!

There are literally millions, upon millions, of dollars out there just waiting to be claimed by someone who can "find"repparttar 103036 buyer, or seller, needed to complete a transaction.

As a FINDERrepparttar 103037 following arerepparttar 103038 most important points to remember:

1. DO NOT Try To Sell Anything

Be a FINDER; not an Agent, Representative, Salesman, or Pre-seller. DO NOT try to sell anything; simply offer QUALIFIED contacts to your clients who offer a Finder's Fee. Nothing more.

2. A Word About Negotiating

As a FINDER, let your contact and your client negotiate their own deal; once you have brought them together.

3. Letterheads & Envelopes

Userepparttar 103039 finest materials (letterheads & envelopes) available, and maintainrepparttar 103040 most professional business approach in all of your dealings.

4. Always Qualify Your Contacts

Furnish only QUALIFIED contacts to your client. UNqualified contacts only come from UNqualified "amateur" finders.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use