Foreclosure University Blog

Preparing to make your offer to the bank

December 3rd, 2015 by Jarad

Preparing to make your offer to the bank

Once you have found that perfect REO “bank owned property”, you need to prepare to make your offer.

Man Signing ContractWhen you find a property with a lock box and no “FOR SALE” sign, the first thing you need to do is research.  You need to know who owns the property and what it’s worth so you know what to offer.   If you need help, re-read the previous sections on determining value, estimating repairs, and what to offer. [Continue Reading…]

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Understanding Your Market

August 28th, 2015 by Jarad

Understanding Your Market

Finding-PropertiesAs you start to get in this game, on of the first things you need to understand is your market and who you are targeting. This is important because you want to give yourself the best chance or opportunity to make money. So knowing your market can help you sell more real estate.

All markets throughout the country are different. But that’s ok, the important thing is to know what types of properties to target. For now, you want to target entry level homes in good neighborhoods. The reason is simple. More buyers. [Continue Reading…]

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Best Way To Find Real Estate Deals

July 18th, 2015 by Jarad

The Best Way to Find Real Estate Deals

magnifying-glassThere are several different ways you can find REO’s or bank owned properties. I personally don’t use all of them, but wanted to share with you some of the different ways to find great real estate deals. After I get through these, I will share with you what I have been doing lately to find some amazing deals.

The first way to find properties is through hud.gov (http://www.hud.gov./homes/homesforsale.cfm). This is a website which gives you accurate information at your fingertips. You will be able to find foreclosure listings from: [Continue Reading…]

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How Do I Know If This Property Is A Good Deal Or Not?

October 3rd, 2014 by Jarad

Is it a good deal?One of the most common questions I get a lot is “How Do I Know If This Property Is A Good Deal Or Not?” In fact, a gentleman this week asked me this same question… He said, “you are absolutely right when you say that people fail in real estate…its because they are afraid they wont be able to sell the house later… I am one of them. I have come across more than one opportunity to buy houses and I do not take them for that specific reason. Another reason that keeps me from making offers is trying to figure it out if its a good buy or not… how do I know if it’s a good deal? Will I be able to rent it if I decide to hold it?

I would like to spend some time explaining to those who might be having the same challenges and hopefully shed some light on the situation so anyone can gain more confidence making more offers, because ultimately, that’s the only way you are going to make any money. [Continue Reading…]

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Pros and Cons to Landlording

August 20th, 2014 by Jarad

The Pros and Cons To Landlording

What are the Pros and Cons to Becoming a Landlord?

tenants moving in rental propertyI was asked the other day about the pros and cons to landlording, so I thought I would write up a quick post of my experiences. Most of us have heard the horror stories about becoming landlords and owning rental properties.

Like everything out there, landlording definitely has its pros and cons. When I say landlording, what I’m referring to is owning rental properties. Whether or not you choose to outsource the property management is really up to you. [Continue Reading…]

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