Buy A Foreclosure Home

By Troy Fullwood
Buying Pre-Foreclosures
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By Dave J.
The question, “Should I buy a short sale”, is not to be taken lightly. The process of selling short involves the bank agreeing to take a pay-off amount on a loan that doesn’t quite pay it off. By the nature of the “short sale” business, the sale indicates that the property is being [...]

A short sale is the sale of a house in which the proceeds fall short of what the owner still owes on the mortgage. Here’s an example of such a situation:

The most basic of real estate strategies is “flipping.” It’s basic because it involves the simple process of buying a property, fixing it up, waiting for a short time, and then re-selling it for a fast profit. This is called “rehabbing.” A variation is to “wholesale” the property. In other words, you buy only the contract and then immediately sell it to another investor without getting involved in any rehabbing.

Your credit or “FICO” score is vital to your real estate investment career. It’s no secret that the higher your credit score, the better the chances of your obtaining loans and getting them at a lower interest rate. It keeps money in your pocket!