Step 3: Structure a win-win contract.

HOW TO INVEST IN DISTRESSED REAL ESTATE

You’ve done your due diligence, studied recent purchase comps, compared days on the market against other similar properties, price per square foot, checked out rental comparisons and feel that you’ve found “the one.”

Sounds like shopping for a mate or a new car, doesn’t it?  You don’t want to be stuck with a lemon. Following are “tips” to look for in the process.

Tip #1  Rely on representation from a licensed real estate broker or agent.The forms required to present a properly-crafted offer can, for a novice, seem daunting. You want to get it right the first time to ensure an accepted offer.

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HOW TO INVEST IN DISTRESSED REAL ESTATE

If you’ve found foreclosures and distressed properties in your area, then it’s time to roll up your sleeves and put on your walking shoes. The real fun begins as you dig in and find out more about the properties so your offers will make sense. You’ll scour the neighborhoods, hit the Internet and talk to experts who can help you determine value and long-term profitability for your real estate investments.

In this blog series I am sharing what I’ve learned in my 40+ years as a mortgage broker, investor and now manager of a California real estate-based investment fund.

Our success formula works: Buy > Rehab > Rent > Sell.

It works for us and I’ll show you how it can work for you! Read the rest of this entry »

HOW TO INVEST IN DISTRESSED REAL ESTATE

So you’re chomping at the bit to take advantage of current real estate investment opportunities, now what? You could spend thousands of dollars on flip seminars and books that grow dusty on your shelf. Or you can follow this blog series and learn step-by-step how to get started on the right foot – for free.

I’ve been doing this for over 40 years so I know what to do, and, importantly, what not to do to profit from distressed real estate. This is not a buy and flip market. There is a strong possibility that we will experience another downturn in real estate values this year before the market stabilizes. So, for now, it’s a buy right, rent and hold until the time is right market.

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Through this blog series, I’ll show you step by step how to regain control of your finances and financial future through investments in distressed real estate and foreclosures.

It’s a mad, mad, mad, mad world out there:  20% of the homeless are families. People who worked in soup kitchens are now depending on them to feed their kids. Former CEOs are applying for whatever they can find, including jobs at theme parks.

Everyone’s scrambling to reinvent themselves. Because what choice do we have? We’re all managing our survival.

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