Are You Planning to Have a Commercial Property in Dallas?

According to Dallas Business Journal dated Sept 19, 2004, the foreclosure postings of commercial real estate in Dallas area is 25 percent higher than this time last year. The total posting filed this year is 1,053 as compared to 844 from the same period last year.

George Roddy,president of Foreclosure Listing Service Inc. attributed the rising trend to waning occupancy rates in a number of property types.

Now, as a real estate investor could this be good or bad? For sure, if you're thinking of investing in commercial foreclosed properties, how much do you know about commercial properties? It all comes back to the basics of knowing your market. And if you don't the market and not familiar how commercial properties work, you're safer to stick with single family homes.

On the other hand, apartment complex is also under commercial property but serves as residential also. Real Estate legend William Nickerson even concentrated investing in multi-family properties. See http://buying-a-home-foreclosures.com/realestatebooks.html for more about his book. By the way, his book "How I Turned $1,000 into Five Million in Real Estate -in My Spare Time" is a rare find nowadays. So if you found one in a garage sale, get it!
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Written by Resty Malia
Buying a Home Foreclosures

5 Simple but Powerful Tips from the Pro on How to Buy Foreclosed Property Below Market Value

It's still a universal law that in order to succeed in foreclosure, you have to follow some steps. Remember the following 5 tips from the pros. To view the complete foreclosure news by RISMedia please go to: http://rismedia.com/index.php/article/articleview/7802/1/1/

1. Learn about the different types of foreclosure properties, and the foreclosure process. These are namely (NOD) Notice of Default, (NTS) Notice of Trustee's Sale and (REO) Real Estate Owned.

2. Secure financing early - you got to have money to buy real estate right? Financing will always be the bread and butter when it comes to real estate investing.

3. Engage a real estate agent as a "buyer's representative - you need other real estate professionals to be succesful in real estate investing.

4. Do your homework - you have to know the inside and out of your target property.

5. Make a realistic offer - an accepted offer is what puts everything official and binding. Handshake or verbal agreement doesn't cut it in real estate transaction.

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Written by Resty Malia
Buying a Home Foreclosures.com