Category Archives: Coaching

Niches That Bring Your Riches:Tax Deeds/ Tax Lien Sales – PART 1

Niches: Tax Lien

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

When homeowners fail to pay real estate (property) taxes, the government has the right to sell their property in a state “tax sale.” In a tax lien state, homeowners have an opportunity to pay back the amount owed within a specific time frame even after their property has been “sold” to an investor. The investor may be paid back with interest. … Read the rest

, , , , , , , ,
, ,
Posted on

Niches That Bring Your Riches:Buying Mortgage Notes

mortgage-notes

Mortgage notes are loans created when a home is sold. Private mortgage notes are funded by a home seller rather than a bank or lending institution. They are also known as cash flow notes, seller financed notes, owner financed notes or seller carry-back notes. Mortgage notes where the seller is behind on payments may be sold at a discount. This means that the mortgage note buyer (you?)  will pay a discounted rate for the loan to the current mortgage note holder and, in turn, will then receive all future payments made on the loan by the mortgagee.

Once you are … Read the rest

, , , , , , , , , , , , ,
, , ,
Posted on

Niches That Bring Your Riches:REO’s (Real Estate Owned By The Bank)

reo

The third and final stage of foreclosure happens when no one purchases the house at the auction, forcing the bank to buy the property back itself. Remember the bank didn’t want the house back, but the property was the collateral for the money lent to the homeowner. The property now becomes Real Estate Owned, it’s owned by the bank. Go here to go to the beginning of this series.

Why is this a good niche to Consider?

  • Below Market Value – One of the prime benefits of buying a REO property is most REO properties are available at below
… Read the rest
, , , ,
, ,
Posted on

Niches That Bring Your Riches: (FSBO) For Sale By Owner Properties

FSBO

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

  • Description of niche:

FSBO is an acronym for “For Sale By Owner.” The term is used to identify property, usually homes, which are sold by the owner without help from a real estate agent. Typically, owners advertise their properties by means of websites, classified ads, word of mouth, and other means.

  • Why this is a good niche to consider?
    • Calling homeowners is free.
… Read the rest
, , , , , , ,
, ,
Posted on

Niches That Bring Your Riches: Investing in Expiring MLS Listings

I am currently doing a series on my blog covering a little about each of the types of niches you could consider when investing in real estate.  Go here to go to the beginning of this series.

What are expiring MLS listings?

  • Description of niche:  Contacting real estate agents with listings that are about to expire and make a discounted offer to purchase.
  • Why is this a good niche to Consider?
  • Working with motivated Realtor to influence a motivated buyer
  • Buying below market value – wholesale
  • What are the downsides of this niche?
  • Need to find a realtor that is
… Read the rest
, , , ,
, ,
Posted on