The Real Estate Investing Minute
Summary: Join us throughout the week as we share breaking news, helpful how-to's, useful interviews and answer your real estate investing questions to help you build your real estate investing business or start investing. http://thereiminute.com
http://thereiminute.com/should-i-get-a-real-estate-license Have you asked yourself if you should get a real estate license as a real estate investor? Today we go through the pro's and con's of realtor licenses for real estate investors.
http://getrealrei.com/shortsale There are a huge number of potential short sales on the market but not enough time, think about what you could do if realtors worked the deals with you.
http://www.thereiminute.com/lease-options-foreclosures-and-part-time-investing/ Learn how to invest part time but still make good money in real estate
http://thereiminute.com/the-secrets-to-buying-with-subject-to-financing If you are a real estate investor and are looking for ways to control properties without having to go to the bank for a loan and a big down payment then subject to financing is for you. Subject to expert Don Derosa joined me this week to share some of his inside secrets to subject to investing including his 3 criteria to spotting a good deal.
http://thereiminute.com/rent-and-sell-homes-with-craigslist If you have homes that you want to rent or sell and you need to do it on a budget and efficiently, then Craigslist could be your ticket. Just like anything that is free there is a way to work the system and you need to know what you are doing to rent or sell your investment properties fast.
http://thereiminute.com/how-to-analyze-comparable-sales/ Analyzing comparable sales is one of the most important steps in analyzing deals and calculating the after repair value of a home. Watch as we step you through the process so you can make offers more confidently.
http://thereiminute.com/financing-flipped-homes-with-203k-loans With the recent waiver of the FHA 90 Day Seasoning waiver the first time homebuyer's tax credit this is a great time to sell pretty homes but did you know you can sell homes in need of repairs and get the repairs finances as a part of the loan? Check it out as we explain the HUD 203k loan program.
http://thereiminute.com/flipping-foreclosures-and-short-sales If you have heard that flipping houses isn't possible because no one will fund the deals for end buyers then watch this episode where we prove through Freddie Mac and Wells Fargo that it is possible to flip houses and get the deals financed.
Watch the entire webinar http://www.thereiminute.com/flipping-houses-replay/ learn how Larry makes really good cash on cheap houses no one else wants.
http://thereiminute.com/hud-wants-to-end-seller-financing If you haven't heard HUD has a proposed ruling where they would like to eliminate seller financing except for those that live in the home being financed or those with a mortgage originators license. This would hurt real estate investors and home buyer's alike. Let HUD know that you think this is a bad idea. They are taking comments on the ruling. Visit http://regulations.gov and search on HUD and SAFE. Got to ruling FR-5271-P-01 and leave your comments so your voice can be heard.
http://www.thereiminute.com/analyzing-cash-flow/ If you are looking for a rental property one of the first things you want to know is will it cash flow. Calculating cash flow on a potential rental home is a calculation that varies widely among real estate investors. Watch as we share the conservative approach we take on how to calculate cash flow
On Friday Bank of America agreed to work with the federal government on their second lien holder plan in the HAMP program. This means that they will start to work with mortgage companies who hold the first mortgage on properties in loan modification deals. Reducing the second mortgage payment can help a lot of homeowners qualify under the governments criteria that they only pay 31% of their gross income to housing. Just as importantly for us it may signal the beginning of better relationships between banks on short sales. Maybe this is finally our chance to get both of them to play nice and get our smoking hot short sale deals where there are two lien holders approved!
http://thereiminute.com With the collapse of the mortgage market it is imperative that you look for outside sources to fund your deals. Today show asked a very important question when bringing other people in to finance your deals
http://thereiminute.com Last week there was a lot of talk surrounding the idea that congress needs to extend the 1st Time Homebuyer Tax Credit beyone it’s April 30th deadline. Everyone from NAR (National Association of Realtors) to economists from the big banks have given their two cents. Today we discuss the idea of extending the tax credit and how it effects you as a real estate investor or Realtor.
http://thereiminute.com Kevin asks, “When wholesaling a property what is the money received considered? Is it a commission or profit? if it is commission would you not be conducting real estate without a license? How do you explain to the bank that you want to assign a contract for more than the short sale price?”