Before we jump into real estate investing, we need to explore some vital points.

Real estate is a broad term and should therefore be considered thoroughly when committing to the types of properties that you’ll be investing in.

Real estate includes raw land, farm
land, residential real estate, and commercial real
estate. Residential real estate inculdes condominiums,
single family houses, small multi-unit properties
(duplexes, tri-plexes,four-plexes, etc.), and larger
apartment buildings and complexes.

Commercial real estate includes office and professional
buildings, strip malls, and all types of property used in
the manufacturing and service based industries.

The principles of locating bargain properties, analyzing
their profit potential, using creative finance in the
acquisitions process,making offers and closing deals,
adding value, and carrying out the management function–
all of these factors apply more or less equally to
the various kinds of real estate that could be of
interest to investors.

However, for the investor who stands at the beginning of
his/her career, the most logical place to begin is with
the smaller properties–
single family homes and small multi-units.

If you’re in the process of acquiring the skills and
expertise associated with the real estate investing
field, would it not make sense to cut your “eye teeth” on
the simpler transactions where the risk is lower and the
exit strategy is fundamental?

The larger residential properties are a step above, where
more sophisticated interactions and problem-solving come
into play–and where the risk is greater but so is the
reward. And the commercial realm brings with it a
whole array of challenges related directly to the local,
regional, and national economy, and the viability and
staying power of various business tenants who are going
through the ups and downs of commercial life in ways
about which residential tenants in general need
not worry.

Similarly, real estate development and lot subdivision,
while offering the potential of high rewards, also
presents a variety of complex challenges not recommended
for the untrained investor.

For this reason, you might adopt the concept that a lot
of “little” deals can add up to a great deal of success.
Single family houses and small multi-units hold out the
potential for considerable profit, if acquired and
managed (or sold) appropriately.

There will be time enough for the macro-transactions after you have
developed a professional modus operandi in the real
estate field and learned the ropes that are second nature
to the “big dogs.”

That is not to say that the beginner or intermediate
investor who comes upon a fantastic bargain in the large
property arena should shrink from taking a close look at
it.

After all, if needs be, a partner can be brought into the
deal who has the needed skills, cash and experience.

Simply put,the smaller properties are the logical place

to focus at the beginning.

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If you haven’t already registered for the free REO training webinar and most importantly

to WIN one of those 3 FREE Houses- Get Your Name In Now.

The Free House Giveaway Winners Will Be Announced!
On the webinar Kenny will announce the THREE winners of his FREE house giveaway. Please note: You MUST be on
this call to hear the winners announced.

** Register for the Bulk REO Trader webinar right now and you’ll get instant access to the Cash Flow Retirement Strategy Video as well. In this video you’ll learn a highly effective strategy for getting properties FREE and CLEAR and rent them out for

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Have fun and I’ll see you on the call with Kenny !

For Sale By Owner’s or FSBO’s…pronounced “Fizboes“.

For investors like myself, when I come across a For Sale By Owner Sign…I’ve died and gone to  heaven. For starters, I’ve fortunately come across a property that isn’t listed on the MLS which means that everyone and their grandfather won’t already know about it. The gives me an edge…one that offers more opportunity than a listed property.

I’ve been able to negotiate some great deals on For Sale By Owner properties, resulting in some massive wholesale profits. When I’m able to take down a deal that’s below market value, I can pass that savings/some of that profit on to my buyers because there’s no commission either.

You never know when you might run across one of these awesome opportunities and if you haven’t already- you certainly will and when you do, you’ll be so glad that you have this Fizboe Form/Script in your real estate investing arsenal of forms.

>>>>Click Here To Download the Fizboe Form/Script

and while you’re adding tools to your arsenal

if you haven’t read this PDF about Bulk REO trading
yet, I recommend it. I had the chance to check
it out a few days ago and have to admit that I’m definitely intrigued with it.

I’m told that this guy is intending to give away 3 free-houses
or something wild like that.  I really and truly have no clue what that’s
about or how he intends to do it…but that’s what I hear anyways.

>>>>Click Here To Download the “Arbitrage Conspiracy Report” and enter the free house giveaway.

Check in with ya later!

Karen

What Kinds Of Flip Houses To Look For

You want the type of house that your buyers will want, the ones that, for
them, sell the fastest, and, of course, ones they can make a profit on.

Following are some tips on what you should be
looking for. In general, especially if you are
just starting out, avoid houses in the high end of the market.

Yes, they can look beautiful, and clean up real nice, but most
retail buyers will not be able to afford to live in them. And as
rentals, they are murder when investors are trying to cover the
mortgage payments.

* You want to work mainly with houses in working class
neighborhoods. Investors will be interested in these types of
homes for rental purposes. And a majority of reliable renters
will want to live in these neighborhoods.
* Look for houses in need of repair.

* Look for peeling paint, broken windows, unmowed grass, general disrepair.
Especially in the beginning of your career, deal mainly with
houses that do not need structural repairs, like foundation work.

You will receive your fees quicker because any needed repair work
can be done relatively quickly. In the neighborhood you are
working in, you want houses that are most affordable for
first-time buyers. Those are the houses your buyer will want to
rent out.

Put another way, you want houses in the median price
range for your area.

* The ideal house investor will want to buy will have 3 bedrooms and 2 baths, although
you can get away with 1 ½ baths. This is the bread and
butter rental house for your buyers. If your area has only 2
bedrooms and 1 bath, you may have to go with that. Or, go
50-60 miles out to do your farming for good deals.

What about war zone houses?

* Generally, you will do better in working class neighborhoods.
However, if you have buyers on your buyer’s list who want war
zone types of homes, go for it.

* Avoid houses with weird floor plans. For example, houses
where one is required to go through a bedroom to get to a
kitchen, etc. They will be harder for your buyer to rent or retail.
* Avoid houses that are too small.Medium size houses are what
you are after. Medium square footage for your
area, that is.

The more equity your deal has in it, the better your chances of
unloading it to a buyer for fast cash.
More equity means there is plenty of room for your buyer’s
profit, not to mention your fee.

* You, of course, want to be dealing with motivated sellers
who are willing (or forced) to take a discount from their
asking price.

Need some more free tips and ideas? Check this out…

FREE “House Flipping Basics” e-book

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