Real Estate Versions of a Ghost Town

Real Estate No Comments »

If you are dismayed when you walk out your front door and see ‘for sale’ signs dotted along the lawns of homes up and down the street you are probably not a real estate investor. Most of the time when investors see a town that is beginning to resemble an old west ghost town they get Goosebumps, but not the eerie, creepy kind, the kind that means money is ready to be made.
A town that is struggling can be a great investment opportunity. There are a few things to look at to make sure you are getting a possible good deal, not a real ghost town in the making. Some questions to ask before jumping into a low price market are: Are the businesses solid in the area? Are the surrounding properties in good condition? Is the neighborhood appealing?
Other things to take into consideration before jumping on that ghost town property is how far from conveniences they are. Once upon a time more remote homes were considered attractive as a way to get away from the ‘rat race’ and the hustle and bustle of the city even while owners commuted back and forth to big city jobs—thanks to the gas crunch that isn’t so anymore. Having to commute long distances to a job is not appealing and homes that were once valued for their seclusion now sit on the market forever.
In many cases the massive foreclosures of the last few years have left a lot of once affluent neighborhoods struggling but still only in need of a little help. The homes are in generally good condition and the area has much to offer, those are the values to look for when considering a real estate investment.  Buying these properties is actually good for the area because growing numbers of vacant properties soon lures in a criminal element that runs down once beautiful towns. Investors come in and restore the equilibrium to such cities and providing a beautiful living area to those in need.

Scam

Scam, Dean Graziosi 1 Comment »

There is no question about it there are lots of internet scams, and lots of people promising to give you that “golden information” for a price, and that price is well worth it, because it  will make you a millionaire. The thing of it is, if you pay attention to all these millionaire ads you will either be a millionaire in a very short period, or you will be totally broke from paying all these fees to scam companies. So, how do you distinguish the legitimate courses from the scams, because there are definitely legitimate courses out there. I mean I have found some great programs that have helped me immensely in my real estate investing career, like that of the Dean Graziosi program, but then, I also know there are also many frauds out there.

Unfortunately most people can either find good programs that work by the “luck of the draw”, or by recommendations. Personally, I chose the recommendations route.  Well, I guess I sort of lucked into Dean Graziosi too, because I really wasn’t looking all out for Dean Graziosi reviews. One day I was just doing my usual chat on twitter stuff, and noticed a comment on the Dean Graziosi method from another fellow twitter friend.  His comment drew my attention because I knew this person had no lucrative reason for recommending Dean Graziosi. But he was working the real estate investing system and it was working for him. He was just happy and wanted to share his good news.  This really made me stop and think! I thought this might be one of those “real” programs that worked.  So, I started looking for reviews, and opinions from others on this Dean guy.

The more I investigated Dean Graziosi, the more legitimate positive opinions I came across. I started to twitter and ask for information about this real estate investing course and I received a lot of positive responses from fellow twitter friends.

That is when I decided to join the Dean Graziosi team. Today I can personally say that this is a program that works. I have profitably invested in real estate using the methods that Dean Graziosi has set forth, and when I have been in doubt there is always someone around that can answer my doubts. This is one “real” course, one that brings you viable information that can be used.  Dean Graziosi is definitely not a scam, at least not in my book.

Dean Graziosi is the Perfect Choice for every Woman

Women, Dean Graziosi, Real Estate No Comments »

  -This article was submitted by a DG client-

A few years ago I turned to the Internet looking for a way to supplement my income. As a woman and a single parent, my then income, just wouldn’t cover my needs. I wanted extra income that would let me save for retirement, live the way I wanted to, and work less so I could spend more time with my kids. “Thank God” I was one of those lucky women out there and I managed to find the Dean Graziosi program after a few tries, but before landing with the Dean Graziosi program I was totally overwhelmed with all the information out there, and all the different programs that were being sold to me (most of them being scams).

 

I spent hours, and I mean hours sifting through offers, all with similar spiels, all with get rich quick statements dispersed throughout their sites, just to get your mouth watering, so you take out your credit card. If I had not been on the look out for the scams I would have fallen several more times, and even while I was trying to avoid the scams I still got caught a couple of times.

 

The point is, a woman tends to give up, when she has been “had”. This is good in a way because she is protective of her money, but it is also bad, because it keeps her from finding the real information, the real investing course, the real “help” that will bring her the income she needs.

 

The good thing is that, I didn’t give up even though I did fall for a couple of gimmicks. The falling was good for me. I was better able to spot a scam after that, and that is how I found Dean Graziosi. When I saw his investment program I read through the whole offer. In his program I would learn how to pick the right real estate investment, how to produce income from it right away, even the best way to find financing for investments I was interested in. The truth is that I have found a true guide in the Dean Graziosi real estate investing program. It is easy to understand, there is someone to guide you every step of the way. As a woman I was never thought of as less, or talked down to. My doubts and concerns were addressed and I felt secure with every dollar I invested using his method.

Preparing for Sale: Checking the Doors

Misc No Comments »

What is the first thing you notice when you approach a house? While it may be the lawn, the nice color of siding, or the pristine hedges at first glance, eyes are always drawn to the front door. Doors, both interior and exterior, play a major part in any home. A person cannot enter or exit without encountering the doors; therefore, they will always be noticed by potential buyers.

Many people working to improve real estate overlook the kind of impact doors have on potential buyers.  These are the most-used parts of the home, and so theoretically require the most vigilant care to keep in perfect working and aesthetic order. While the rest of the house may look perfect, the doors may bear a much more accurate statement of what kind of lasting care that house has received. To ensure the doors in your home make the best possible impression on potential buyers, there are a few things that should be checked before the home is shown.

First, ensure the hinges are all in proper working order. All doors should swing freely and smoothly with no hint of squeaking or groaning. Check that hinge pins are firmly in place, all hardware is tight and there is no excess dirt or paint on the hinges. Open and close each door to ensure that it fits its frame well, latches properly, and the knobs and locks don’t stick. Basic function is the most important part of the door, but from the buyer’s standpoint it’s certainly not the only thing.

Interior doors are often cheaply-made, and as a result the doorknobs tend to get loose over time. Generally these can be fixed by simply tightening the screws in the knob, though replacement doorknobs can usually be found for as little as $10 apiece.

Exterior doors tend to get weathered and scratched, the color fades and the seals crack. This last is especially important for function, as the seals around exterior doors can greatly reduce energy consumption from heating and cooling if they’re kept in good repair. If necessary, doors can be taken off their hinges to be sanded and re-painted (for both interior and exterior doors) to give it a fresh look. As a final touch, make sure that any windows in the door are thoroughly cleaned.

Dirty doors, both interior and exterior, can negate all the effort put into careful upkeep. Smudges appear easily around knobs and locks where the natural oils in human skin seeps into the door, small children and animals rub up against them all the time, and exterior doors have constant dust and grime blowing onto them. A quick wash with a paint-safe cleaning solution is a great final touch to sprucing up your doors.

Short Sales Explained

Misc 1 Comment »

Especially with the current depressed economy, short sales are becoming more and more popular with real estate investors. Simply put, a short sale is a sale that is allowed by a lender for less than is currently owed on the property. This is generally done when owners are far behind on their mortgage payments and there is little hope of them being able to bring the loan current. Many banks will consent to it because, in the case of pre-foreclosure homes, it prevents having to go through the legal expense of foreclosure. In addition, foreclosed properties cost the banks a lot of money in upkeep and taxes until they can be sold.

Short sales used to be a relatively rare occurrence, but now that thousands of properties are in foreclosure or pre-foreclosure with few buyers, the lenders are becoming much more compliant. Homes that sold in 2006 for over $300,000 are, in some cases, selling for just barely over $100,000 on the open market. However, for anyone who has the money this is a prime time to buy with an eye to holding the properties until the market improves.

Lenders may share information about pre-foreclosures in which owners are three or more months late on their payment and have already received a notice of foreclosure. A potential buyer may offer the lender a sum less than the amount owed and, if the lender is agreeable, may purchase it with the permission of the current owner.

This can save the current owner a lot of money and headache with legal fees, time to leave the premises can be negotiated, and in some cases the new buyers have chosen to allow the previous owners to stay as renters.  For the lender, though it may mean a small loss, it means that the property will not be a burden to the financial institution.

In many cases lenders will permit short sales not only to keep from going into red ink, but to ensure profitability of the property on their end. The first several years of any mortgage payments are mostly interest payments, so in that the financial institution may not even be taking a loss. Additionally, many times the mortgage to the new owner goes through the same financial institution, ensuring they continue to collect interest on the same property. Overall, short sales can be beneficial to everyone involved, though the process of offers and permissions may take some time.

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