8 Biggest Rehabbing Mistakes (Part 1)

8 Biggest Rehabbing Mistakes (Part 1): "Buying old houses at wholesale price, fixing them up, and then selling them at retail price remains one of the easiest ways to make big profits in real estate. If you are prepared to put in some hard work, property rehabbing remains one of the easiest ways to profit from real estate.

Unfortunately, would be rehabbers can be easily seduced by the promise of fast money. You see it's not simply a case of buying an old house, fixing it and selling it for massive profits. Back in the mid 1990's when I started to fix-up my first investment home, I soon discovered how easily things could go wrong. The following are 8 of the biggest mistakes you can make when fixing up houses. How do I know this to be the case? Yep, you guessed it. I've made them all when starting out."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

How To Pay Full Price And Profit

John Behle - How To Pay Full Price And Profit: "If you want to make things work really easy, look for a property that is for sale that has a large, existing privately held mortgage. In other words, a property that was sold fairly recently with a large amount of seller carry back financing.

Millions Through the MLS

To find these properties is much simpler than you might think. Plug in your computer modem, call the Board of Realtors Multiple Listing Service computer and search for properties with private loans. In my state, it is a simple process to search for who the loan is made to. It won't give the name if it is a private loan, it will just say 'private.' It is also possible to search for 'loan type.' I search for 'CT' which stands for contract, which is a Uniform Real Estate Contract or Contract for Deed. Ninety-Nine percent of the time, that means there is a private party on the receiving end. "
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

How to Save Up to 90% on Title Insurance

Bill Bronchick - How to Save Up to 90% on Title Insurance: "If you have ever bought or sold real estate, you have probably paid for title insurance. What exactly is title insurance? Why do we need it? How can I save money on title insurance? These are common questions asked by real estate investors.

Whenever title passes, the seller usually gives a deed containing certain guarantees or 'warranties' (hence the name 'Warranty Deed'). The seller warrants that title is good, that is, no one will come challenge the integrity of the title. For example, if a deed that was passed before him was forged, all subsequent transfers are void. Other problems may be more subtle, such as a deed with an incorrect legal description or misspelled name. Any irregularities in the 'chain of title' will place a 'cloud' on the integrity of the title."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Home foreclosures creep up

Home foreclosures creep up: "Home foreclosure activity is still historically low but creeping up in San Joaquin County as appreciation rates have slowed.

According to the real estate information service DataQuick Information Systems of La Jolla, foreclosure activity in the county picked up 4 percent, increasing from 446 in the fourth quarter of 2004 to 464 in the fourth quarter of 2005."
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.

Tips for Buyers Who Can Afford Only a Very Small Home

: "For many first-time buyers, the term 'starter home' no longer conveys an adorable vine-covered cottage with a garden and a picket fence. Now even that modest goal is beyond the reach of many newcomers to the housing market. More people must settle for a small condo-apartment.
'The prime reason is that real estate prices are spiraling out of control in cities all over the country,' says Marisa Bartolucci, author of the book 'Living Large in Small Spaces.'"
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Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.