Comments on: Real Estate: My Raw Notes http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/ The usability blog of John S. Rhodes Fri, 22 Aug 2008 02:12:49 +0000 http://wordpress.org/?v=2.0.3 by: Paul P http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-30199 Fri, 13 Oct 2006 16:35:24 +0000 http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-30199 I don't believe a thing real estate agents say. I don't hate them just the tricky and unexperienced ones. Which in my opinion is most of them. Take the "no obligation market evaluation" for example, the oldest and most unoriginal term you will see advertised. Do they think people are stupid? The real definition should be, “yes I will come over to your home, tell you what it’s worth, then I will bug the hell out of you until you list it with me. In the meantime they will send you some “awesome” fridge magnets, calendars and pencils just so you don’t forget them. I have written at length about this, I'm NOT selling anything, just a frank, real world discussion. http://www.fsbohomz.com/fsboblog/ http://www.fsbohomz.com I don’t believe a thing real estate agents say. I don’t hate them just the tricky and unexperienced ones. Which in my opinion is most of them. Take the “no obligation market evaluation” for example, the oldest and most unoriginal term you will see advertised. Do they think people are stupid? The real definition should be, “yes I will come over to your home, tell you what it’s worth, then I will bug the hell out of you until you list it with me. In the meantime they will send you some “awesome” fridge magnets, calendars and pencils just so you don’t forget them. I have written at length about this, I’m NOT selling anything, just a frank, real world discussion.

http://www.fsbohomz.com/fsboblog/

http://www.fsbohomz.com

]]> by: m w sawyer http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-29691 Tue, 10 Oct 2006 21:03:20 +0000 http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-29691 Buying Discounted Paper (NOTES) seems to offer the best of both worlds as far as real estate investing is concerned....FIRST and most important is YOU control the financing, so in effect you operate just the same as any commercial lender, except your terms are usually better for the buyer. SECOND, during the early years of the loan, most of your income stream will be interest on the note while the principal balance amount will still be very high. This works very well for individuals who buy notes for very substantial rates, many will pay as high as 90-95% depending on several factors. THIRD, Since you hold the note,hence the mortgage, you can simply foreclose when your mortgagor defaults and re-sell...just like a repo car, boat, mobilehome..etc. If your buyer pays at least 10-12% down, you'll always be well covered on your expense recovery. LASTLY, being the mortgagee or private lender, you don't have to worry yourself about maintaining the property...that is the buyer's worry. Consequently the investor who buys property at wholesale, has the problem of maintaining the property himself while collecting monthly rents and he has to cover the costs of debt service, taxes, insurance and hopes the rent will be high enough to cover everything...how much is left over will usually be small....too much work & risk for me! From all the valuable information I've discovered from all the sources of knowledge I've drawn from, this is the way to go for me. Buying Discounted Paper (NOTES) seems to offer the best of both worlds as far as real estate investing is concerned….FIRST and most important is YOU control the financing, so in effect you operate just the same as any commercial lender, except your terms are usually better for the buyer.

SECOND, during the early years of the loan, most of your income stream will be interest on the note while the principal balance amount will still be very high. This works very well for individuals who buy notes for very substantial rates, many will pay as high as 90-95% depending on several factors.

THIRD, Since you hold the note,hence the mortgage, you can simply foreclose when your mortgagor defaults and re-sell…just like a repo car, boat, mobilehome..etc. If your buyer pays at least 10-12% down, you’ll always be well covered on your expense recovery.

LASTLY, being the mortgagee or private lender, you don’t have to worry yourself about maintaining the property…that is the buyer’s worry.
Consequently the investor who buys property at wholesale, has the problem of maintaining the property himself while collecting monthly rents and he has to cover the costs of debt service, taxes, insurance and hopes the rent will be high enough to cover everything…how much is left over will usually be small….too much work & risk for me!

From all the valuable information I’ve discovered from all the sources of knowledge I’ve drawn from, this is the way to go for me.

]]> by: Randall Wilson http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11783 Fri, 03 Feb 2006 07:50:20 +0000 http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11783 That about covers all of the various ways to control and profit from real estate. Now just add the steps of the process and corresponding definitions: Short sale: Getting authorization from the bank to buy the property for less than is owed. Essentially, establishing a discounted purchase price from the seller, getting them to demonstrate to the bank that they will have a significant hardship in paying and going through the bank foreclosure department to set up the agreement. -Randy www.4mysales.com That about covers all of the various ways to control and profit from real estate. Now just add the steps of the process and corresponding definitions: Short sale: Getting authorization from the bank to buy the property for less than is owed. Essentially, establishing a discounted purchase price from the seller, getting them to demonstrate to the bank that they will have a significant hardship in paying and going through the bank foreclosure department to set up the agreement.

-Randy
www.4mysales.com

]]> by: xiAF45sE0F http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11772 Thu, 02 Feb 2006 01:53:14 +0000 http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11772 xMvvbej5XUCcP QPQDra8IgtCsNn nPbd3aHx5CdXI xMvvbej5XUCcP QPQDra8IgtCsNn nPbd3aHx5CdXI

]]> by: John Rhodes http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11069 Thu, 08 Sep 2005 02:55:21 +0000 http://www.webword.com/wp/2005/09/07/real-estate-my-raw-notes/#comment-11069 <a>Investment Property or Rental Home Calculator</a> "This calculator is designed to provide a guide to possible financial outcomes of the purchase and rental of an investment property. After entering your values, click once in any result box to calculate or update your results." Very useful... Investment Property or Rental Home Calculator

“This calculator is designed to provide a guide to possible financial outcomes of the purchase and rental of an investment property. After entering your values, click once in any result box to calculate or update your results.”

Very useful…

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