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Determining Your Offer Price
After weeks of seeing homes for sale, you've finally found the house you want to buy. If you are thinking of making an offer, don’t be too anxious or act hastily. Taking your time to carefully study the house as well as the environment before...
Real Estate Marketing -- 10 Ways To Improve Your Marketing In 2006
New Year's. A time to reflect on the past while planning for the future.
In the spirit of New Year's, I've put together this guide to help you prepare for a new year of marketing. So without further ado, here are ten ways that you -- as a real...
Real Estate – The Boom Is Over!
Sales of existing homes fell a bigger-than-expected 2.7 percent in October, a fresh sign that the red-hot housing market is cooling. The decline would have been worse without increased demand from displaced hurricane victims.
Though prices rose...
Understanding Real Estate Lease Options
If you are an investor that sells properties using lease options you no-doubt understand why it can be an appealing avenue for those that need rental history and/or rent credits to help a challenging credit file. But, would YOU consider buying a...
Why You Should Buy A Condo Hotel?
The latest trends in vacation homes are showing that people have become more attracted to the idea of owning a condo hotel. It seems that owning a condo hotel is the best deal you can have when it comes to buying a vacation house. Why is that? Well,...
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Exposed! The Real Estate Wholesale Quick-turn Flipping Deal
Wholesale real estate investing (i.e. "quick-turn" or "flipping" real estate property) is conceptually very simple. Here's how it works:
First, "Investor A" finds a great real estate deal with a lot of equity. Typically, Investor A will have spent a significant amount of time, money, and expertise to find the deal, negotiate the terms, and get the property under contract. By putting the property under contract, Investor A now has control of the property, and the equity in the property.
(For this example, imagine that Investor A has found a property worth $200,000 and has set a purchase price of $115,000 and he also knows that there are $15,000 in repairs, which leaves an equity position of $70,000).
Second, "Investor A" finds another party, "Investor B". Investor B recognizes that the contract that Investor A has established is worth $70,000 in equity, and so he strikes a deal with Investor A to turn the deal over to Investor B in exchange for some amount of cash, called an "assignment fee" (we'll use the value of $12,000 in this example).
So Investor A is giving up $70,000 in "potential" profit in exchange for $12,000 in current profit. And Investor B is paying $12,000 because he believes he can make more than that on the deal, since there's a
full $70,000 of equity built in.
This deal between Investor A and Investor B is called an "Assignment", because Investor A is assigning the contract to Investor B.
Third, Investor B does his "due diligence" (i.e. inspections, appraisals, etc.) to confirm that the deal is as good as he/she thinks it is.
Finally, at closing, Investor B closes the purchase of the property, and Investor A receives the assignment fee from Investor B.
This is obviously, a simplification of the process. But this is essentially how the "quick-turn", real estate flip deal works - not so difficult now, is it?
Now, get out there and hunt them deals down!
What? Not sure where or how? I can show you 3 quick sources to get ya started right away...
About the Author: Alain Diza makes it easy to understand the mechanics of the real estate wholesale quick-turn flip. Learn this principle and private strategies the 'gurus' are charging thousands for. Get your free e-course at: http://www.tm-RealEstateInvesting.com
Source: www.isnare.com
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Zillow - Your Edge in Real Estate |
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STLtoday - Homes |
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Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
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Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
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Luxury real estate news and features - Forbes.com |
Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
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Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
money.cnn.com |
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Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
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