Real Estate How to Information
 
         

What are the best ways to find the best and most profitable auctions?
 

1. Get on the phone....find a current local phonebook and call every auction service. Let them know that you would like to be on their auction mailing list and they will add you. Every month or so, they will send you an advertisement of the months auctions. You can even set up house viewing's before the auction to inspect the property.
2. Get your Sunday Paper....the classified section of your newspaper will have tons of bargains for houses and any other item you may be looking for. Usually there is a section for Auctions only, the smallest ads are the best due to low people turnouts that will equal better deals.
3. Get on the internet.....with some searching, you can find Real Estate Auctions and also people who are willing to sell at a good discount. Once your in the market for Real Estate, people will find out and start calling you directly to purchase their property.

What are the best ways to finance a property?
 

1. I have found that banks that I have dealt with before are more accepting of my goals and ideas. They know I have been a good customer in the past which has increased their confidence in me. But, always prepare for the meeting with them...paperwork, comparable's, and lingo of the business will give you the edge that most people won't have.
2. Credit Cards can be a great tool if used correctly. Access Checks can be used for small down payments if you know you can pay it back in a short period of time. They come in very handy when repairs are required. Pay for it now with the CC and pay it back with the profits after selling or renting.
3. Personal Loans / Investments can be a great way to finance. If you can offer a friend or relative a better incentive through interest than they are getting at the bank, they may be willing to loan you money. Always build a contract around the terms of the loan so both parties are clear on time frame and expectations.

Where do you go to get more information on the property?
 

1. The county courthouse is the best place to get more information on a property. Some counties have website where the information is readily available to you to view for free. Most often you can find the owners name, tax information, sq. footage, year built, and sometimes the bank that holds the mortgage.
2. If you can find out which bank holds the mortgage, call that bank and see what information they can give. They will not give you personal information but sometimes will give information on the status and amount of the loan.
3. Call the owner....This is the best place to get accurate information on the property. The owner knows more than anyone what problems and possibilities the property has.

 
 

Check back often for more great tips on How to in the Real Estate Market.

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