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Real Estate Investments
from:We have all heard how investing in real estate can make us a lot of money in a short amount of time, however there is more to it than meets the eye. Simply purchasing a property to resell or rent to tenants is not the end of the story. Smart real estate investors look for properties that are below market value. A good way to find these is to look at foreclosures. Some homes that have been foreclosed on will be ready to rent or resell at a profit. Other buildings may need renovations or updates in order to sell them. Working with a trusted real estate agent who specializes in foreclosures, knowing what you are investing in ahead of time by carefully looking the property over and making the best deal you can is the best way to come out ahead.
Get a listing of properties that have been foreclosed on
Obtaining and reading a listing of properties that have been foreclosed on before you look at any of the properties that a real estate agent may want to show you can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. Most banks, credit unions and mortgage companies want to get rid of these properties as quickly as possible. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information. This also generally means possession after closing is immediate so there is no wait for the current tenants to move out. This is the best way to make a quick turn around on your investment.
Viewing the properties
Once you have narrowed the list down by looking through the listings you obtained then contact a realtor that specializes in the type of properties you are seeking if you do not already have a realtor you work with. If you want to look strictly at properties that have been foreclosed on seek a realtor that knows about selling this type of property. Take the real estate listing with you so you can jot notes down about each property as you go. If you wait until you get home, pertinent information may be forgotten. Ask the realtor to find out the possible selling price of the home if it were put back on the market immediately. Find out what properties in that area rent for if that is your goal. Most real estate agents know this information and will be more than happy to help you.
Reno Real Estate Specific links
Reno Real Estate News
KTVN Channel 2 - Reno Tahoe News Weather, Video - Police: Hostages remain ... - KTVN
KTVN Channel 2 - Reno Tahoe News Weather, Video - Police: Hostages remain ... KTVN More >> By TOM COYNE Associated Press VALPARAISO, Ind. (AP) - A gunman looking for someone he believes owes him money took an unknown number of hostages inside an Indiana real estate office Friday, police said, prompting officers to shut down nearby ... |
Stay or go? `Reno vs. Relocate' explores difficult dilemma faced by homeowners - Brandon Sun
Stay or go? `Reno vs. Relocate' explores difficult dilemma faced by homeowners Brandon Sun Real estate agent Vanessa Roman, left, and designer Robin Lewis pose in Toronto on Monday, May 7, 2012. The pair will seek to help befuddled homeowners find the solution in "Reno vs. Relocate" which premieres Monday on HGTV. THE CANADIAN PRESS/Nathan ... Should You Reno Your Home Or Simply Relocate? |
Reno vs Relocate: New TV Show Helps Homeowners Decide - SYS-CON Media (press release)
Reno vs Relocate: New TV Show Helps Homeowners Decide SYS-CON Media (press release) Vanessa Roman of EXIT Realty Metro in Dartmouth, Nova Scotia will be a co-host of Reno vs Relocate airing back-to-back episodes on Mondays starting May 28th at 9pm on HGTV. The premise of the program follows home owners as they choose between ... |
Reno vs Relocate: New TV Show Helps Homeowners Decide - EIN News (press release)
Reno vs Relocate: New TV Show Helps Homeowners Decide EIN News (press release) A dynamic new real estate show is about to air on HGTV Canada giving insight to one of the toughest questions home owners face -- move or renovate? Vanessa Roman of EXIT Realty Metro in Dartmouth, Nova Scotia will be a co-host of Reno vs Relocate ... |
Reno's Silver Legacy casino in bankruptcy protection - Sacramento Bee
Reno's Silver Legacy casino in bankruptcy protection Sacramento Bee Since 2000, annual gambling revenue in Reno has fallen by one-third, according to the Nevada Gaming Control Board. The decline was accelerated by the recession, which torched the city's real estate market. In 2008, Fitzgeralds hotel and casino closed. |