As a listing broker, getting new leads is always a priority. However, REO and HUD listings (bank-owned properties) are a completely different ballgame than your average listing. If you manage to become a bank’s preferred listing broker, HUD and REO listings can be a lucrative and steady source of new inventory. Besides, it is an excellent way to attract investors and potential buyers who may be interested in purchasing a foreclosed home for a bargain.
Wholesale real estate is a great way to begin as a real estate investor. You hear all the time about how people can make a lot of money really fast by buying and selling houses. With few start up costs, wholesaling is an excellent way to get your feet wet as an investor in the real estate market. Yet as simple and rewarding as wholesaling can be, often people quit early in the process because
Starting out as a real estate investor, it can be tricky trying to navigate the scene. You can have all the right training, but with a lack of experience, you’ll need some way to find leads. Even seasoned investors go through winter lulls in action. Fluctuations in the market can also slow your client roll and freeze up your sales. Part of being a good real estate investor means knowing how to successfully find leads,
When you want to renovate a house, time is often of the essence. For investors who are planning to flip a property rather than holding on to it, how fast you can rehab it will play a significant role when deciding whether or not to buy the building. In order to avoid losing money, you must be able to finish remodeling fast enough to avoid paying as much holding fees (property taxes, HOA fees, etc.)
Everyone loves a good bargain. The truth is, homes are expensive. Just like people look for deals on retail products like jackets and flat screens, people love saving money on houses. One of the quickest ways to score a great deal on a home purchase is by taking advantage of the foreclosure market. Investing in real estate can be very rewarding, especially when you can land a huge discount on your investment. Purchasing a foreclosed