REO properties: What Are They?

REO properties: What Are They?

You have probably heard of REO properties, but do you know exactly what they are? Simply put, they are properties that were foreclosed upon, didn’t sell at public auction and were subsequently returned to the bank. REO properties aren’t always just houses; any property, including multiple rental units, commercial buildings and vacant land can be […]

How to Get Started: Buying Investment Property

How to Get Started: Buying Investment Property

The first and most important thing I tell EVERY new investor when buying investment property is this: “Don’t fall in love with the house!” The biggest mistake I’ve seen new investors do is over-improve a rental property. Stick to the theme KISS….Keep It Simple Stupid! When you need to replace the bath faucet, go to […]

FHA Lending Policy- Changes!

Big announcements in the FHA lending policy! It is important to understand what they are doing, and how it can affect your investments. The FHA Seasoning policy…AKA “flip rule” is being lifted! Effective Feb 1, 2010, investors can purchase a foreclosed home, fix it up and sell it as quickly as possible! No more waiting […]

Buying Investment Property- How Low Will it Go?

Buying Investment Property- How Low Will it Go?

We spend the majority of the day debating this question: How much cheaper will Tampa investment property get? Selling 20 houses a month gives us a good perspective on the local Tampa investment market. In my 11 years in the real estate market, I haven’t seen prices this low. Another factor to look at is […]

Investment Strategies

Investment Strategies

The stock market is very unstable… If you’re lucky, it’s up, but you never know when it’s going to go down. Real estate investment, on the other hand, is very stable; and with all the foreclosure listings available in today’s market, the opportunities are endless. If you’re ready to invest, it makes sense to think […]

Buying Repossessed Homes

Buying Repossessed Homes

Buying repossessed homes is one of the best opportunities available in real estate investment. Because so many people are now unable to make payments on their mortgages, lenders are becoming overrun with repossessed homes. The lenders sell these homes at a foreclosure auction in an attempt to get rid of the properties as quickly as possible. Since lenders aren’t […]

Foreclosure Auction – Is it Worth it?

Foreclosure Auction – Is it Worth it?

When lenders foreclose on a property, they want to get cash quick; the fastest way to do that is to sell the property in a foreclosure auction. A foreclosure auction is a great opportunity for investors to obtain properties at well below market value. The unfortunate part of buying a foreclosed property at an auction […]

Real Estate Investment Tax Benefits

Real Estate Investment Tax Benefits

Real estate investment offers many tax benefits. Perhaps the most enticing is the tax deductions that are available to property owners. Real estate investment is seen as a business, so you get a few more tax benefits than if you’re just a residential home owner. This allows the protection of all your investment income from […]

Business Plan for Property Investing

Business Plan for Property Investing

Before applying for a business loan, you’re required to complete a business plan to present the feasibility of your plan. In addition, a business plan is a map; you can check this map periodically to make sure your business is on track. Real estate investment is a business, and as such, should have a business plan. As […]

End of the Year Task List

End of the Year Task List

It’s almost the end of another year! Have you gotten all of your ducks in a row yet? It’ll soon be time to file your tax return, and make sure your investment properties are ready for the coming year. Here are a few things that you may want to look at to reevaluate your progress and set […]