Month: June 2018

Investment is the number one word for real estate.  However, those who play a part in the investment will make a large difference in what is available to you.  Whether you are working towards finding real estate property for profit or for your first home, knowing where the resources are and what they do can help you find the best deals.  

One important person that is part of the real estate investment plan is the real estate bird dogs.  The main job of a real estate bird dog is to find property for those who want to invest in real estate property.  After they find a property, the investor will then pay them a service fee.  The real estate bird dog will have no attachment to the property after it is found and given to the investor, leaving the rest of the changes up to the real estate investor.  If one is going to invest in a property, they will expect the real estate bird dog to find them leads that are valuable and can be sold at a good price.  

There are several ways in which a real estate bird dog can find a home and bring it to an investor.  Most bird dogs will find property that is being sold by the owner.  When this is brought to the investor, they will pay a certain amount to the bird dog.  If someone is trying to have their payments taken over because of foreclosure, this can also be brought to a real estate company.  Those who have had circumstances to take over the owning of their property can be recommended to the investor.  For example, a second mortgage that can’t be paid, a death by the owner of the home, a loss of a job and other family or career related issues can be leads for a real estate bird dog.  From here, the real estate company can try to sell the home.  If they do, then the real estate bird dog will receive a commission for the find.

Understanding the process of real estate, and using the different resources can help you to find the best deals and make the best deals.  If you aren’t sure where to start, using a real estate bird dog is a good way to sniff out what is available to you.  This will give you the ability to claim or give away a piece of property on the market.

Generally, when we hear about home foreclosures our heart strings are pulled a bit. Someone just lost their home. It’s an unfortunate situation. However, foreclosed homes also present opportunities for real estate investors and home buyers. A foreclosed home provides home buyers with the ability to buy a lot of home for their money. And oftentimes, while we think about the person who had a home foreclosed on them as being an unfortunate situation, some people make the decision to walk away from a home and to let the bank foreclose. The benefit of buying a foreclosed home is that the banks are strongly motivated to sell the home. This means you can purchase a foreclosed home at a rate that’s generally much lower than market level. 

Now buying a foreclosure home does pose some unique challenges. Negotiating with banks can be an interesting process. Additionally, you can buy homes at trustee’s sales, and negotiate directly with a family before they go into foreclosure. Many of these situations require expert consultation with mortgage lenders, foreclosure real estate experts and attorneys. Don’t let this deter you. The end result could be a savings of thousands of dollars and the ability to buy a home that would normally be out of your price range.

The other challenge to buying foreclosure homes is finding them. It’s not like there are signs in the front yard that say “Cheap Home – Foreclosure – Buy Me.” If only they did! Real estate agents can help you and mortgage lenders can too. In fact many professionals in the real estate field keep close tabs on foreclosure homes so they can take advantage of them themselves. 

There are also services you can join that will help keep you up to date on foreclosures and you can check local records to find them too. Foreclosure homes offer a unique opportunity to buy a nice home for much less than it’s worth. You can also buy foreclosed homes and rent them out. Becoming a property manager definitely has its benefits.

Before looking for a foreclosure home to buy, make sure you have support. Legal support, knowledgeable real estate agents and good reliable mortgage brokers are the best way to find the right deals.