The Real Estate Investment Blog

A Review of an online foreclosure database with foreclosure auction listings

Some of you who have been following some of our real estate tips from time to time have been asking what is a good resource for foreclosure real estate investing. 

Other than learning how to evaluate deals, one has to find them.  I do deals on a daily basis and think that its really tough to go around manually to look around for “For Sale” signs and ask the real estate agents whether the house was foreclosed.  Another way is to spend some time courting the banks foreclosure departments to learn what properties they are foreclosing and selling.

A better way is to spend some time looking around for online databases and resources that can let your fingers do the work.  Isolate properties in good areas in your vicinity and then go down and look at the properties.

The resource I’ve found is an online foreclosure database of foreclosed property. 

But not only that they have the following extras thrown in for your use:

 

1)      An auction guide to learn how to bid for foreclosed property.

2)      Auction listing to help you find an auction near you.

3)      Up to date information and classifications to make your property search easier.

 

Click here for to learn more about this resource.

 

Also check  out our Foreclosure Real Estate Investing Articles on our main site here.

 

 

 

The effects of globalisation:

Its rather telling that a combination of US Funds like Colony Capital and the bad credit crunch that has hit the US is a factor that affects real estate investing around the world.

For those that are not in the financial world and wondering why our markets are now so interdependent, I’ll try to simplify an answer.

US Banks for the longest time tried to sell the risk of their bad loans to other banks and did this via debt securitization. ?The international debt markets work in the same way and since credit in the US is short, so some of the smaller markets cannot raise debt capital thus affect real estate investing, building and development worldwide.

Its quite telling that this cycle is similar in the US as it is in Singapore thus showing some evidence of this. ?In Singapore recently some investor said that the lowest in the Singapore property prices would be in two years and this is also echoed by the guys over by the Head of National Association of Home Builders in the USA as reported by the guys at the REIC Blog.

Let’s do a quick global analysis of property trends worldwide.

London

In London, as a result of the sub-prime crises and the recent lay-offs of investment bankers and other financial staff by major banks in London, the property prices both in terms of capital gains and also rental have suffered a hit and is expected to trend downwards as London growth has been fueled by the financial sector for the longest time.

Prime location has a great report indicating the current trends in London.

USA

Its quite telling that the bad economy and the sub-prime issue continues to dampen consumer spending and as a result real estate investment in the next two years may be dampened. ?In fact housing prices have fallen at the fastest rate ever as reported by S&P.?

For more information click here.

Australia

I’m personally thinking of investing in Australia once I save enough for a down payment in a property there as the economy in Australia is booming due to the large commodity demand from India and China.?

The Property Prices in Australia have also dropped steeply due to interest rate adjustments. Click here to learn more.

Resources in this article:

REIC Blog :

http://reicblog.com/real-estate-investing/builders-sees-no-full-recovery-until-2010/

Prime Location (London) Price index:

http://www.primelocation.com/house-price-index/

US Property Prices Article:

http://www.msnbc.msn.com/id/24367064/

Australia Property News:

http://calculatedrisk.blogspot.com/2008/06/australia-house-prices-fall-most-in.html

I was thinking about the global gloom in the real estate markets and wish to highlight to my readers that there is actually a great place now to invest your money.

Michael McNamara in his post involving the Australian market has unearthed a can of worms.  My view is that in any market, there will always be some properties at the fringe that are not popular with potential tenants.

However that said, Australian real estate now is facing an unprecedented boom and if you are looking for a good return on your money, you might want to check out australian real estate.

By: Luat Tran Van

Being a successful real estate investor hinges on finding good real estate investment deals. It does not hinge on being a property management expert, a repair person or closing attorney. Successful investors use professionals.

A successful investor must understand leverage. The less money you need to put down on each property means the more properties you can buy. It also increases your return on investment for the property. The smaller your initial investment, the higher percentage your return on that investment is.

With this in mind, here are some basics of real estate investing.

TV makes it look easy: The home flipping programs lead you to believe that there are home owners just standing in line to give you the equity out of their homes. This is absolutely untrue. The programs downplay all the work involved and accentuate the money made by investors. They don’t show what goes into finding that property, the networking required to take on the project, the management skills and market knowledge needed to understand the numbers. Investing can be lucrative, but it is hard work.

Test the waters: So today is the day for you to find that perfect flip or rental property with a hefty price tag that is going to make you millions. That is like stepping onto the course with Tiger Woods and expecting to win. In real estate where one mistake can turn a deal sour, you need to walk before you can run. By starting out small you can reduce your costs and overall risk. What does that mean? If you’re looking for a rental property, look for one that is already rented. It will make it easier to calculate your cash flow. If you’re buying a rehab project, carrying costs can be substantial. Buy the home as your residence to lessen the effects of the carrying costs. Or make sure to build plenty of carrying costs into your calculations.

Use Professionals: The worlds leading corporations have a board of directors made up with professionals that are experts in their fields. You should too. Good Realtors have networks of quality professionals already in place. Finding that good Realtor is where your search should start. Don’t hire any agent that crosses your path. Find a full time agent that works with investors, there are many that don’t. You should be wary of any that say they can help you before first evaluating your situation and goals. You don’t want the Realtor who takes anyone that comes along. You want the one that first hears you out and evaluates your goals. Then based on your goals and the market conditions your Realtor can give an honest opinion of where you stand. You want to make sure that Realtor is someone you feel you can trust even if they don’t always agree with you.

Once you find your Realtor don’t go after their commission: A good Realtor with a solid network can make you a lot of money and is worth every penny of their commission. A good realtor will have many clients and you don’t want to be in second place due to commission issues. When they take you on they are making a commitment to you. Expect to make a commitment to them in return.

It is not a get rich quick scheme: Successful investors realize that long term wealth lies in income producing properties. Purchase properties in markets that you feel will appreciate. Then hire a property management company. Hold the property and check its value on a yearly basis. Over time the property should appreciate in value and earn big returns.

Don’t be afraid to move on a good deal: When you see an opportunity, seize it. Once under contract, there are many ways to terminate the agreement and get your earnest money back. That gives you additional time to further evaluate a property. Waiting and missing out on a good property could cost you big if another investor steps in and gets the property.

Lastly, successful real estate investors are successful because they find deals they can make money on. Plan for the worst and if you can still make something it is a good deal

Author Resource:-> When you want to sell your home wouldn’t it be a good idea to have it listed on the Denver Real Estate website with the most traffic? Visit your Parker Real Estate professional now and get your free home search

Article From Free Reprint Article | Free Content to Republish

Cascadia Investments, Inc. -- The company is committed to building shareholder value by investing in well selected real estate assets and pro-actively managing each of the properties to increase cash flows and maximize return on capital.

Dear FSB: Can an S-Corp invest money into foreign real estate and consider that a business expense?

With the real estate market stagnating, more owners are choosing to stay put and make small updates to their homes, changes that can make a room jump from 1987 to 2008 in an instant. Homebuyers seem to be making more modest revisions as well, saving their remodeling dollars for a rainy day.

Patricia McCullough had already lost one home. In 2005, she was evicted from the affordable North Arlington rental apartment where she had lived for 14 years when the owner sold it to cash in on the hot real estate market.

Siesta Key is a district of the city of Sarasota, located along the Gulf Coast south of Tampa. It is part of Sarasota county; and is considered as one of the most livable, friendliest, well-maintained counties in all of Florida.

While collateral damage reports mount because of the subprime mortgage debacle, there is good news for small business owners involved with owner-occupied commercial real estate. The credit crunch affecting homeowners isn't veering into commercial real estate loans.