I have written about short sales (“Investor Short Sales Finally Happening”) and the other owners options when avoiding foreclosure (“The Seven Owner in Foreclosure “Options”).
In this article, I will explain the pros and cons of “Deed in Lieu” of foreclosure and “short sales” as alternatives to foreclosure. Because foreclosure is so devastating to a credit [...]
Monthly Archives: June 2010
Deed In Lieu Of Foreclosure vs. Short Sale
June 1, 2010 – 5:10 pm
Do Pre-Foreclosure Deals Still Exist?
June 1, 2010 – 5:08 pm
These are exciting times for real estate investors. Between bank owned properties (REO’s) and homeowners in default (pre-foreclosures), there are literally deals everywhere. But which ones should you pursue?
Right now the deals most investors are going after are REO’s because they are so prevalent. However, there are still a good number of pre-foreclosures with equity [...]
Bidding on Occupied Property?
June 1, 2010 – 5:06 pm
California’s Proposed Law Will Impact Tenant-Occupied Foreclosed Properties
Often times, savvy foreclosure investors will personally view the properties before the actual trustee’s sale auction. For example, large cities such as San Jose have many different neighborhoods disparately affected by the recent high volume of foreclosure sales and REO listings, and the bidder will want to satisfy [...]
Changing Laws and Economic Times Mean New Tax Issues for Real Estate
June 1, 2010 – 4:55 pm
About 8 years ago, a speaker from the AICPA (the national CPA organization) made the statement that 80% of accountants do not understand basic real estate accounting and tax.
And that was back when it was fairly clearcut. We’ve now seen three powerful changes that haven completely shaken up real estate tax planning. These three are:
Changing [...]
How to Control the Emotions of Home Buying
June 1, 2010 – 4:54 pm
Buying a home is almost always an emotion-based process. Once you find a home you like, you become emotionally attached to it. Emotional attachment can cause you to make unwise decisions when making an offer, handling negotiations, and so forth. Once you’ve fallen in love with a house and visualized it being your home, you’ll [...]
Simply the Most Informative Foreclosure Investment Blog Available
June 1, 2010 – 4:49 pm
This is geared to you, the investor. Your success in foreclosure investing is Alexis’ primary goal. Through her courses and online webinars and calls, you can learn exactly what to do in the foreclosure investment business and how to do it the right way.
Her blog is one of the first steps towards your success. Everything you [...]
Behavorial Economics: The Science of Paying Rent
June 1, 2010 – 4:46 pm
Retailers and businesses know that allowing consumers to delay payment can dramatically increase their willingness to buy. National retailers such as Best Buy even have their own in-house credit card to entice users to buy their products now and pay at a later time. So why isn’t this principle applied to the multifamily industry?
Comparing the [...]
Four Steps to Success!
June 1, 2010 – 4:30 pm
Let me pass on to you these four simple steps to success:
The first is good ideas. Be a collector of good ideas. My mentor taught me to keep a journal when I was 25 years old. I’ve been doing it now all these years. They will be passed on to my children and my grandchildren. [...]
Making Strong Connections
June 1, 2010 – 4:28 pm
In his book Frames of Mind, Dr. Howard Gardner made the revolutionary statement that individuals possess several forms of intelligence. He concluded that we are all intelligent in a variety of different ways, and even if we didn’t receive great grades in school, we can still be extremely intelligent in other areas. Two of these areas are [...]
Weighing the Value of a Home Security System
June 1, 2010 – 4:25 pm
People may be surprised to learn that when they most need their security system to protect their house, they oftentimes cannot rely on it. Jackie Ostrander discovered that when a storm knocked out power to her home in Greenwich, Conn., for a week in March — too long for her backup battery to keep going. [...]
