What To Look For When Purchasing Rental Properties

Author: Hans Anderson //  Category: Mr. Foreclosure Aiden Win

I’m sure you know that buying rental properties is a great way to generate income and build your wealth. But you must keep in mind that a rental property is a serious investment. Doing your homework and finding the right deal is definitely a prerequisite.

I’ve seen investors purchase rental properties with the best
expectations only to watch their investment become a problem child or money pit because of location/neighborhood factors, unforeseen maintenance issues, poor tenant choices or bad decisions like hiking rent up too high for the market. We all need to learn the ropes and sometimes this means making mistakes and learning from them.

Are you interested in finding a cheap property to either live in, rent out or flip? Join the Foreclosure Insiders Club to access a list of distressed properties in your area that desperate owners, fearing bank foreclosure, could be selling at bargain!

I’ve compiled this list to help you find a good rental deal. If you’re even thinking about buying a rental property, you should definitely watch for the following things:

1. Good location. Traffic is good, because it makes rentals easier to rent. Signs can pull more response than an ad in the paper. Also, if it’s in a nice locale, it will usually rent faster. Nice locales include places that are close to amenities.

2. Good numbers. Verify every last expense, figured them into your calculations, and be sure that you’ll have positive cash flow from the start. One of the biggest mistakes investors make is to start with negative cash flow.

3. Expensive homes. High home prices create rental demand. What do people do if they can’t afford to buy? They rent, of course. Look in areas with high house prices.

4. Low maintenance properties. Cedar-shake roofs and wood-sided buildings just mean more expense and trouble. Look past current expenses to how much maintenance the building will need. Lower maintenance means fewer headaches and more profits.

5. A good rental history. Look at the rental history, and note how long residents are staying on average, and how often they pay on time.

6. Below-market rents. Buying rental properties with below-market rents is a sure wealth builder. It means you get to raise rents, and that means you immediately raise the value, because rental property values are based on income.

7. Complies with fire codes and zoning. Have the property
inspected, and ask local officials if there are any existing
problems. Sometimes a violation that was tolerated for years won’t be tolerated once a new owner is in the picture.

8. Less than 25 years old. The number is somewhat arbitrary, but if you limit your search to newer buildings, you’ll be less likely to have building code and maintenance problems.

9.Owner/manager is out of state. These properties are often the best deals. It can be a real headache to manage a property from far away. Out-of-state sellers are often more concerned with a quick sale than a high price.

10. Stable or improving neighborhood. It’s okay if it’s stable, but if you can buy in a neighborhood that is improving, you’ll rent the units more easily. This less vacancy, more income, and therefore, automatic appreciation in value with time.

As you look at properties, you’ll find other things to add to this
list. Some things are particular to an area, like local rental
codes that tell you what you have to fix or improve.

I’ve had some success at finding solid rental properties by joining the Foreclosure Insiders Club – where my membership gets me the inside track on potential rental properties that are available at bargain prices in my area. Membership to the Foreclosure Insiders Club grants me access to a listing of pre-foreclosures that desperate owners are looking sell! I can watch for properties that may be going up for auction. This site gives me access to information before other realtors or investors in my market know anything – keeping me ahead of the game! I highly recommend it!

Add these to the list above, and actually carry the list with you, so you don’t forget anything. Watch for the right things, and you’ll be safer and make more money buying rental properties.

To Your Success!

Aiden Win

Mr. Foreclosure

Search Foreclosure Listings Now >> Canadian Foreclosure list

Double your income doing what you love Double your income.

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Profit Through Flipping or Fixing Houses

Author: Hans Anderson //  Category: Mr. Foreclosure Aiden Win

I’m sure that you’ve learned many aspects of flipping houses from the shows on cable television. These TV shows don’t really get into the specific nuances of flipping. There is a science to successfully flipping houses. Many successful real estate investors can make $5,000 to $10,000 or more by flipping houses.

What you ideally want to do as an investor is buy a home from a distressed seller and resell it quickly for a profit.

I opted to join the Foreclosure Insiders Club – a small group of
investors who are given access to a listing of pre-foreclosed homes that distressed sellers are looking to unload, more often than not, at a drastically reduced value, sometimes up to 50% off!

You may be asking yourself, why do I want to inherit someone else’s problem house? That’s not necessarily the case. Just because a seller has serious problems like a pending foreclosure or divorce doesn’t mean the house is a fixer-upper. Many distressed sellers offer prime houses in perfect condition discounted for a quick sale.

Distressed sellers jump at the chance to get out from under their overwhelming problems with an offer to close in ten days. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender. Other real estate investors prefer to buy fixers from distressed sellers. Distressed fixers tender the best bargains to make the highest return on your money. For instance, if you put 5% down on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many rehabbers, you can see that your return on your investment of $18,000 for two months exceeds
most other types of investments.

This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer.

Home improvement centers help you with how-to classes, brochures, and advice. You need to give up your free time–TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers work slowly and eat up your profits.

The last part of the equation, selling your house quickly to a
qualified buyer means you need to do your homework. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn the sales commission by selling their houses by owner. The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property.

Investors using Design Psychology strategies for fixing houses sell their homes, for more than the asking price, three hours after putting the yard sign out.

Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate business, go house shopping. You’ll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your money.

The Foreclosure Insiders Club is a convenient way to stay ahead of your competitors. A membership to the Foreclosure Insiders Club gets you information on potential money-generating properties before the public and even realtors know anything about them!

To Your Success!

Search Foreclosure Listings Now >> Foreclosure list

Your in success,

Aiden Win “Mr. Foreclosure”

P.S. Claim your trial membership now before they are all gone…
Search for foreclosure listings Now BANK-OWNED Foreclosure list

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3033 Foreclosures Listings Found Here…

Author: Hans Anderson //  Category: Mr. Foreclosure Aiden Win

It’s finally arrived!

Now introducing my BANK-OWNED Foreclosure list…

Search for Foreclosure listings now >> BANK-OWNED Foreclosure list

For years I only had a pre-foreclosure list…

This is a list of homes that was going through the process foreclosure…

My new list will identify all the homes now the bank has to get rid of… saving you thousands and thousands of dollars on your next deal!

I’ll show you where they are… you go in and buy them…

1) You also get satellite view of the property and pictures
of the neighborhood so you know exactly what the properties
look like.

,p>
2) You get the phone number and email of the agent so you can see inside the property right away.

3) You get priority notice of new foreclosure listings when they
come out.

And… as an introductory special… you get access to my entire list and test drive my new service for ONLY $7.

Now get instant access to discounted properties in throughout Canada…

Search Foreclosure Listings Now >> Foreclosure list

Your in success,

Aiden Win “Mr. Foreclosure”

P.S. Claim your trial membership now before they are all gone…
Search for foreclosure listings Now BANK-OWNED Foreclosure list

feed icon32x32  3033 Foreclosures Listings Found Here...Subscribe in a reader

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Foreclosure Crisis in Canada

Author: Hans Anderson //  Category: Mr. Foreclosure Aiden Win

This is bad news…

Canadian Foreclosures

Foreclosures in Canada are hitting record highs…And what’s worse? While home prices are plummeting…and now with the national credit-crunch, it is next to impossible to get financing for anything form traditional sources.

So what do you do when you want to buy a foreclosure property for 70% OFF when no banks will lend you money to buy it?

Buy the house with cash? Sure, if you have a few hundred thousand dollars sitting in the bank! But could there be another way?

Here’s an answer that no realtor or mortgage broker will ever tell you…watch this video:

www.CanadaForeclosureList.ca/freevideocourse

Here’s a secret…

Did you know that a small group of Canadian insiders are making a killing with pre-foreclosures?

And somehow they have devised a clever scheme to make
fast profits by:

*Not having to qualify for a mortgage.

*Not having to use any money.

*Securing properties for as much as 70% below market value!

Could this be legal?

Foreclosures in Canada

Hans Anderson

P.S. At this site, you will discover a little-known tactic
of profiting wildly from real estate especially in today’s market:

Canadian Foreclosures

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Make Money Flipping Real Estate

Author: Hans Anderson //  Category: Mr. Foreclosure Aiden Win

If you are just beginning as a real estate investor, there is no
better way to get started than by flipping real estate and
profiting quickly! Everyone gets into real estate investing for
one reason. To make money! If you’d like to make more money investing in real estate, you need to know a few essentials.

I’ll begin by explaining what the term “flipping” means. The
simple definition for flipping is the act of buying property and
reselling quickly, hopefully for a great profit. Usually, people
think of flipping houses, or the buying and selling of a home fast, as the only way to make money flipping real estate. However, some investors specialize in other types of real estate such as land or strip centers.

Some confusion arises over the process of making money flipping property. People who specialize in finding bargain real estate, obtain a purchase contract, and then sell the contract before taking title to the property are known as “Bird Dogs.” These beginning real estate investors get started with no money down by:

Finding a seller under stress with a bargain property. For
example, you may join a site like the Foreclosure Insiders Club to access a list of properties in your area that are in danger of
going into foreclosure.

Securing a sales contract

Selling their contract for roughly $500 to $5,000 to a seasoned
real estate investor

You may be worried as to whether real estate flipping is legal?
Flipping real estate isn’t illegal. However, many unscrupulous
investors committed mortgage fraud to make fast money. Some of these investors, working with mortgage brokers and appraisers, resold houses to unqualified buyers inflating the property value and home buyer’s qualifications. Often these home purchases had no money or little money down. When these new homeowners defaulted on the mortgage payment, the mortgage lenders lost money because the house wasn’t worth the inflated purchase price.

To avoid legal problems in real estate flipping, don’t commit
mortgage fraud.

To make money real estate flipping:

1. Prepare your financing so you can close on a deal quickly.

2. Learn your market so you know what makes a good deal.

3. Find a bargain property owned by a seller under stress to sell.
Again, joining the Foreclosure Insiders Club is a great way to do this and stay a step ahead of other investors and realtors in your area who don’t access to this information!

4. Secure a purchase contract in your favor.

5. During escrow, plan your selling actions.

6. Close on the property on time.

7. Immediately set your selling plan into action. If the property
needs fixing, be prepared to get this done right away.

8. Market your property to your target market. Don’t just list the property and hope for the best.

9. Find a qualified buyer. Have a loan officer check to make sure your buyer meets all the mortgage requirements.

10. Stay legal. Don’t use an inflated appraisal. Don’t gift your
buyer the down payment. Don’t help your buyer create false W2s, write phony credit letters, or prepare any false documents. You can pay many of your buyer’s closing costs to make the purchase easier.

You can make money flipping real estate. It’s all a matter of
buying low, selling for full market value, avoiding mortgage fraud, and enjoying your profits!

To Your Success!

Aiden Win

Mr. Foreclosure

Pre foreclosure listings

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