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What Makes HUD Homes so Great?

HUD Homes can be a wonderful investment if you can play your cards right. Some people avoid these properties simply because they don’t understand what makes HUD homes so great. I’m going to give you a few clear reasons why I think these properties are a tremendous resource for investors. Let’s start at the beginning. Finding them The list of HUD homes for sale is readily available to anyone, even without a real estate  ..

5 Common Pitfalls to Avoid with Lease Option Real Estate

By Dr. Teresa R. Martin, Esq., REIA NYC One creative way to get started in real estate investing is to use a lease option, also called a rent-to-own agreement. Lease options can be used as a flexible, low risk, highly leveraged strategy in real estate investing that requires little to no money down. But order to truly capitalize on the benefits of a rent-to-own agreement, you need to know what to look out for before you start the process. ..

Funding Your Real Estate Business with a Self-Directed IRA

By Dr. Teresa R. Martin, Esq., REIA NYC Real estate investing is becoming an increasingly popular option for investors trying to save up for retirement. Not only does investing in real estate offer attractive potential returns, but it adds some real diversification and stability to investor portfolios. In fact, it's arguably one of the best “non-traditional” hedges around against asset volatility. The growing interest in r ..

Saving for Retirement with Mortgage Discount Notes

By Dr. Teresa R. Martin, Esq., REIA NYC Investing in mortgage discount notes gives you all the benefits of investing in real estate while avoiding many of the typical drawbacks. But, did you know that it can help you save for retirement, too? What Are Private Mortgage Discount Notes? Discount mortgage notes offer low-risk, secure returns while avoiding all the headaches and hassle of buying and maintaining a property as well as havin ..

3 Creative Financing Strategies for Real Estate Investors

By Dr. Teresa R. Martin, Esq., REIA NYC The definition of “creative real estate financing” may not sound so inspiring (if your financing is non-traditional, then it's automatically creative), but it's really the key to getting the most out of your investment dollars and overcoming any financial barriers to entry. Solve Problems and Create Financial Openings If you are just getting into real estate investing, you'll quickly ..

Home Equity Line of Credit Part III

During the past two segments we have introduced the concept of a home equity line of credit and whether we should retire the line of credit if we have the cash or are refinancing. This segment we would like to conclude our three-part series by looking at the Home Equity Line of Credit (HELOC) in terms of helping finance a home purchase. There are several uses of a HELOC with regard to this situation– 1. Lessen the cash necessary for ..

Home Equity Line of Credit Part II

In the last segment we discussed the characteristics of a typical Home Equity Line of Credit (HELOC). A typical HELOC is a second mortgage, an open line of credit that can be used to access capital and will typically have an adjustable rate. The next question is–should you procure a new HELOC or retire the HELOC you already have? Let’s first talk about the retirement decision. There are two ways to “retire,” or pa ..

Home Equity Line of Credit Part I

The Home Equity Line of Credit (HELOC) has become a popular financing vehicle for many homeowners with equity in their homes. The purpose of this article is to help the average homeowner make a better decision when deciding whether to procure a new HELOC or retire a present HELOC. First, what is a Home Equity Line of Credit? It is simply a loan that is secured against someone’s home. Though it could be secured against any property  ..

How To Buy a Foreclosure

You want to buy a foreclosure? Remember, there are both great opportunities and great pressures and pitfalls in this market. First, you have to decide at what stage of foreclosure you want to buy. There are three options: 1. pre-foreclosure; 2. sheriff’s auction; 3. repossession, called REO (for real estate owned by the bank). The safest and best way to buy is when it’s a bank-owned property,” said Rick Sharga, a spokesm ..

Equity Use

Despite the fact that home values have not risen as quickly during the past several years,many Americans still have significant equity in their homes, especially if they purchased many years ago and have not previously taken cash out via a refinance. During the recession many Americans fell behind on their financial plans and the slow recovery has put many of us in catch up mode. The good news is that this equity can help you with the recover ..

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