Real Estate Investing blog by InvestorWealth.com

Jan 03 2009

CAN I BUY A HOUSE WITH NO MONEY AND NO CREDIT???

Posted by: Michelle Odessey, in General

The answer to that question is “maybe.” What do I mean by that??

Well…Yes, you can buy a house “subject to” the existing mortgage(s). You will need to give the seller something for “consideration” which can be $10.00.

Also, you may be taking on a house that needs repairs. Are you going to fix it up?? Or are you going to sell it “as is” as a “Come Fix Me Up” house??

If you are going to do the repairs then you will need money to pay the contractors to fix it. Also, when you buy a house “subject to”, you are making a promise to the original seller that you will be making the mortgage payment ( if you made that promise). Or make up the back payments?? (Which we should really evaluate if we are going to do that.)

Even if you did make this promise and also decided to fix up the house, you can still buy a house with no money and credit by bringing in a private investor to put up the money or a partner in the deal.

For more information on Private Money and Private Lending go to:
http://www.PrivateLendingGuide.com/blog

Peggy Parks

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Nov 09 2008

Business Automation: What Can You Simplify?

Posted by: reipro, in Business Automation

When you are working as a real estate investor and you’re looking at what you can do to run your business efficiently, one of the things that you are going to want to focus on is business automation. The more that you are able to automate various parts of your real estate investment business, the more that you will be in a position to simplify the day to day stuff - which means that you’ll have more time to enjoy your success.

So what can you automate?

If you have a mailing list so that you can keep in touch with prospective buyers and motivated sellers in your area, you can look into creating drip email campaigns that will send out your information at specified times. If you post to a blog to keep people in your community aware of your business, you’ll find that you can write posts ahead of time so that all you have to do is post them in the morning rather than sitting down and starting to write.

Just as you can set up automatic payments for your personal bills, you’ll find that a great business automation tool is to schedule payments for your business utilities, internet services and even those virtual assistants or staff members that help to get you through the day without tasks left undone.

In other words, you’re going to find that you are able to make more time for yourself and to grow your business by automating as much of your business as possible.

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Nov 08 2008

Marketing: Making a Connection

Posted by: reipro, in Marketing

When you are making an effort to succeed in your real estate investment business, one of the things that you are going to want to focus on is the way that your market your business. Marketing is, after all, a big part of what will help you to grow you business as a real estate investor.

There’s one thing that you want to be sure that you are doing with your marketing above everything else: you are going to want to make a connection. Whether you’re thinking about the message that you send to sellers in your area who are behind on their mortgages and want to avoid foreclosure or you are looking at finding buyers or tenants, you need to be sure that you are making a connection.

You’re going to want to be sure that you are thinking about what you are saying. You’re going to want to think about the fact that when you are marketing your business, your message is only as effective as it is seen and remembered. That’s why making a connection is important: when you’re able to connect with would be buyers and sellers, they’re going to remember who you are and what you had to say.

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Nov 07 2008

Getting Started: Knowing Where to Turn for Support

Posted by: reipro, in Getting Started

One of the things that you are going to want to focus on when you are getting started as a real estate investor is knowing where to turn when you’re looking for support. In other words, one of the things that you are going to want to be sure of is that, while you are getting started and while you are building your business, you are able to reach out to others and to ask questions - and more importantly to get the answers that will help you to grow your business.

The biggest advantage that you will find if you make the choice to work with a mentor while you are getting started as a real estate investor is that there is going to be someone there who helps you when you’re stuck, who can help you to evaluate deals and who can ensure that you are thinking about the options that are available to you.

Simply put, when you know that there is somewhere to turn when you need help while you are getting started as a real estate investor, you are going to find that you are at a clear advantage. You’ll be able to access the information that you need and to grow your business with far less stress.

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Nov 06 2008

How Virtual Assistants Can Help Your Real Estate Investing Business

Posted by: reipro, in Virtual Assistants

When you are getting started as a real estate investor, what you are going to find is that there are some things that you do really well and other things that you tend to put off until later in the day. When you make the choice to bring on a virtual assistant, you’ll find that things start to go a bit more smoothly.

Virtual assistants can help real estate investors by:

keeping your leads organized
helping to distribute your marketing materials
focusing on making sure that all of your documents are backed up and that your files are accessible
taking calls for your business and providing information to your prospects when you’re not in the office
enabling you to have extra help without making more room in the office, buying additional equipment or paying the taxes associated with having employees
providing business insights because virtual assistants are small business owners too
getting things done that you might not really enjoy doing

Whether you’re just getting started as a real estate investor or you are looking for the chance to grow your business or simply to automate some of the tasks that you don’t enjoy as much, you’ll find that virtual assistants are great assets.

Real Estate Investing Blog

CAN I BUY A HOUSE WITH NO MONEY AND NO CREDIT???

Business Automation: What Can You Simplify?

Marketing: Making a Connection

Getting Started: Knowing Where to Turn for Support

How Virtual Assistants Can Help Your Real Estate Investing Business