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Can Fast Money Be Made by Investing Online?
The answer to that question depends on what one means by fast.
Let's just compare it to your average 9 to 5 job. Then, by that
yard stick the answer is yes. Comparing the question to the
lottery, the answer becomes not quite that fast.
That...
Networking Tips - Getting An 800 Number
Another way to network is by using an 800 number and establishing a network of experts to refer your clients/customers to. An 800 number provides a way for your customers to reach you. You can answer information needs, resolve problems and...
Risk-Free Investing With Term Investments
(NC)—Are you a risk-averse investor? Do you fear losing any of your initial investment? Do you rely on your investments as a source of fixed-income? Do you want an investment that provides the flexibility to redeem it should the need arise? If...
Small Business Q & A: Investing In Son's Business Could Cause A Real Family Feud
Q: My youngest son wants to borrow $5,000 to start his own business. My wife is afraid to tell him no. She thinks we should just give him the money and not expect anything in return. I disagree. He doesn't have a very good track record with...
The Benefits of Real Estate Investing
Real estate investing is increasing at a staggering rate these
days. More and more individuals are learning that real estate
investments can offer wonderful earning potential. Real estate
investing is a process which has many attractive...
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Foreclosure Home Deals
Did you know that you can save tens of thousands of dollars on the purchase of your home by investing in a foreclosure or preforeclosure property? When you are trying to purchase a home for the first time, and you have limited resources and limited funds, it is particularly important that you get the most "bang for your buck".
One way for a young family to get the most home for their money is to purchase a "distressed" property. With research and due diligence, you may just end up with a larger or nicer home than you thought you could afford, but without the extra price tag. One way to accomplish this is by purchasing a property that is in foreclosure.
You may want to look for an REO Foreclosure.
What's an REO Foreclosure? This stands for "Real Estate Owned", or in other words,property that was foreclosed upon by the bank holding the mortgage, and now belongs to the bank. But, the bank is a bank and not a real estate investment firm. They are simply not in the business of residential real estate and have no interest in the home other than to recoup their investment.
How does this benefit you? Well, more than
likely the previous owners of the property have been making payments on it for some time, bringing down the amount the bank was owed and increasing the equity in the property. Since
the bank is only concerned about recouping what they are owed and not really attempting to make a profit, then you can essentially reap the benefit of the equity in the property and purchase the home for what is owed which is likely well below current market value.
This approach while simple in theory does require research, time, fixup, and perhaps even cash upfront. This approach is not for everyone, but if your situation allows for it, you may be able to snag a great deal on a nicer home than you could otherwise afford.
Amber Lowery is an online publisher and is responsible for maintaining a large network of home and finance sites. For more information on Foreclosures, visit: http://www.foreclosure-property-deal.com - the Foreclosure Resource. Current foreclosure property listings can be found here: http://www.foreclosure-property-listings.com
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