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Articles by Judson Voss

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By Judson VossJan 28, 20081 topic

The Problem With Using A Simultaneous Closing!

Many new real estate investors can run into problems when they attempt a ‘simultaneous close’ on a property they are interested in. The simultaneous close basically involves you purchasing a property with an investor’s money and immediately selling that property to the investor for your profits. It’s a nifty little deal that works well, when you pay close attention to the percentage of returns on each sale. However, many title companies have initiated

Primary topic: Investing

3,334 views

By Judson VossJan 15, 20081 topic

Direct Mail Letters To Contact Defaulted Homeowners

In the old days it used to take a lot of time to find and contact all of the default mortgages out there. Now, it is way easier these days to find the names of homeowners in pre-foreclosure than it used to be and as a result contacting them is easier too. nnLooking for the ForeclosuresnIn the old days you used to have to go down to the courthouse and scroll through the lists of homes in foreclosure on microfiche in order to find pre-foreclosure deals that fit your needs and g

Primary topic: Investing

1,722 views

By Judson VossJan 28, 20081 topic

What Happens To The Homeowner's Finances After A Short Sale?

When you are negotiating a short sale or note purchase through the bank on a defaulted property it’s easy to overlook the possibility of a mortgage judgment being filed against the homeowner after the sale. It can be common practice for a bank to file a judgment against homeowners fro the remainder of a mortgage after a property has been sold for less than its mortgage.nnA typical short sale involves negotiating with the bank to let you buy a property at a lower price t

Primary topic: Investing

1,265 views

By Judson VossMar 27, 20081 topic

The Real Estate Investorâs Guide To Raw Land

When you speak with seasoned real estate investors you often find that a large percentage of them do not ever invest in raw land. Typically newer real estate investors purchase single family homes to flip, rent out, or sell wholesale to a rehabber. Those investors who have been in the business for a longer time often have ventured out into dealing in multi-family homes and apartment buildings to help beef up their investment portfolio. However, investing in raw land can be ve

Primary topic: Investing

1,232 views

By Judson VossApr 9, 20081 topic

The Art Of Negotiation In A Short Sale

Youâve found a great real estate investment to purchase, signed on with the homeowners and gotten all of your information in order. All thatâs needed is to approach the bank with a short sale offer and close the deal right? Maybe not.nnThere is an art to negotiation in the real estate investment industry. Negotiating a short sale isnât simply approaching the bank with your packet of paperwork and your best offer to close the deal. nnYouâll need to endure at least two

Primary topic: Investing

1,169 views

By Judson VossMar 5, 20081 topic

Seller Carry-Back Mortgage Basics

Do you know that you can actually purchase mortgages as an investment? If you do know this, then do you also know that you can do it with other peopleâs money? You can do both, and it isnât as complicated as you might think it would be.nnSeller Carry-Back MortgagesnnThe first step in understanding a seller carry-back mortgage purchase is to understand the mortgage itself and how it came to be. Oftentimes when someone owns their home free and clear and put it on the market

Primary topic: Mortgage and Home Financing

Mortgage and Home Financing

1,105 views

By Judson VossFeb 26, 20081 topic

No Tenants, No Termites, No Toilets, No Trash â The Best Of Lease Options

People in the real estate business often refer to the 4 Tâs of property management. These 4 Tâs are, in no particular order: tenants, terminates, toilets, and trash. When you think about purchasing property to buy and hold for investment, your mind invariably shifts to the thought of becoming a landlord and thus having to deal with issues such as tenants, termites, toilets, and trash, and that is where the term â4 Tâsâ came from. And, in all honesty, the 4 Tâs are

Primary topic: Business Opportunities

Business Opportunities

1,057 views

By Judson VossDec 21, 20071 topic

Wholesale Real Estate In A Down Market

Just as with selling any other product in the world, real estate is bought and sold at “wholesale” prices each and every day. Real estate wholesale buying generally happens between two real estate investors. One investor finds the property and then sells it to another investor who is interested in rehabilitation of the property for sale or as a long-term rental. In this process the first investor generally never really takes possession of the property and makes mo

Primary topic: Investing

994 views

By Judson VossFeb 26, 20081 topic

Goal Setting For The Real Estate Investor Newbie

Have you been thinking about starting a real estate investing business? The good news is that it is a very lucrative business to be in and isnât really that hard to start in the business as long as you take the time to learn as much as you can, write a solid business plan, and set some goals for your business.nnReal estate investing is similar to any other business in that you need to have a good solid business plan and set some realistic short-term and long-term goals for

Primary topic: Business Opportunities

Business Opportunities

973 views

By Judson VossMar 5, 20081 topic

Private Money In Real Estate Investment â Prospecting 101

Anyone who invests in real estate needs money to do so. Most private individuals go to a bank or lender and take out a mortgage when they want to buy property. However, when you are in the business of real estate investment, finding sources of capital to use for your deals can sometimes become a major undertaking. Because of this, an integral part of any real estate investment companyâs business plan should be the continual process of prospecting for private money sources.

Primary topic: Investing

963 views

By Judson VossFeb 26, 20081 topic

Apartment Buildings â The Money Making Machine For Real Estate Investors

Many new real estate investors often consider buying homes and land for investment; however, few consider the much more lucrative area of apartment building ownership. One of the main reasons for this is because newbies to the real estate investing business just simply do not know just how they would choose an apartment building for a solid investment. Where single family homes generally start at a reasonable cost, an apartment building is a much larger investment, and thus i

Primary topic: Business Opportunities

Business Opportunities

935 views

By Judson VossMar 17, 20081 topic

The 5 Simple Steps Of Real Estate Investment

If you are new to real estate investment, you might be finding all of the information that you need to know a bit confusing. However, by following these five simple steps, over and over again, you can put yourself in the best position to complete as many transactions as possible and realize amazing profits just like the seasoned professionals do.nnStep 1 â Locating PropertynnLocating property to make offers on isnât as hard as you might think it would be. You can even bui

Primary topic: Investing

896 views

By Judson VossFeb 6, 20081 topic

Buy The Mortgage Note On A Defaulted Property to Get Some Real Estate

You’ve been buying mortgage notes for a little while and are comfortable with the practice. However, you’ve noticed that there are a lot of pre-foreclosure homes out there with mortgages on them too. This is a large section of the mortgage note industry that remains untapped, but how can you get in on the profits with a defaulted property in the mix? nnIt is possible to buy the mortgage note on a defaulted property. When you use this method of real estate investme

Primary topic: Investing

887 views

By Judson VossJan 28, 20081 topic

How To Keep The Bank From Getting A Judgment Against The Homeowner

The homeowner can end up in trouble even when you work with them to purchase that foreclosure property. There are many steps to the arrangement of a real estate investment deal, so it’s easy to forget a few little details, such as the deficiency judgment! nnLots of times in a short sale, the bank will agree to your offer, saying, ‘alright, we’ll take your deal and sell you the property for $60,000, but we’re still going to get a judgment against the ho

Primary topic: Investing

853 views

By Judson VossMar 17, 20081 topic

The Real Estate Investorâs Credibility Kit

The first reaction to most people when you tell them that you are a real estate investor is to look at you with a bit of suspicion and wonder. They wonder if âreal estate investorâ really means âfreelancerâ or âdoesnât really have a job.â Then, once they realize that you really do have a profitable business venture going, they start to wonder what exactly it is that you do and how you know how to do it. nnWith your friends and family itâs fine for them to wond

Primary topic: Investing

801 views

By Judson VossMar 27, 20081 topic

A Plan For Calculating Discounts On A Real Estate Investment

Property investment is a numbers business. As a real estate investor youâll need to pay close attention to your numbers when purchasing a property in order to make money. Every investor develops their own basic plan for purchasing property to make a profit. nnThose just starting out can get confused with all the suggested rates of return that you need to aim for, but each property purchase needs its own specific discount for you to make a good profit. nnStart with the Minim

Primary topic: Investing

787 views

By Judson VossJan 28, 20081 topic

Problems With The Simultaneous Close? Instead, try the 'Assignment Of Contract'

Many new real estate investors can run into problems when they attempt a ‘simultaneous close’ on a property they are interested in. The simultaneous close basically involves you purchasing a property with an investor’s money and immediately selling that property to the investor for your profits. It’s a nifty little deal that works well, when you pay close attention to the percentage of returns on each sale. However, many title companies have initiated

Primary topic: Investing

786 views

By Judson VossMar 5, 20081 topic

Parceling Raw Land For Maximum Profits

While we, as real estate investors, generally think of purchasing developed land for investment, there is an entire other sector of the business which is worth exploration â raw land. Are you aware of the fact that approximately 85% of the land in the United States is still in its raw and undeveloped form? Think about that statistic for a moment, this means that there are huge amounts of land which you can invest in.nnLand can be purchased inexpensively compared to develope

Primary topic: Entrepreneurs

775 views

By Judson VossMar 17, 20081 topic

The Real Estate Investor's Guide to Rehab Costs

Many real estate investors choose to purchase properties which are in need of some repair. Some take on the repairs themselves, while others sell the home with a discount to someone else who will happily deal with the repairs themselves. Whichever option you choose, it is imperative to know how to figure out what the repair costs involved in a property will be, before you ever agree to a purchase price. nnWhen you are walking through a property you are considering for purchas

Primary topic: Investing

764 views

By Judson VossDec 28, 20071 topic

Becoming A Landlord In A Down Real Estate Market

As the price of property drops in most of the U.S. and homes are foreclosed on at record numbers, this is a prime time to invest in some real estate to rent out. After the market has recovered down the road, then you can likely sell the property for a profit. However, as you know, renting out property makes you a landlord. And, becoming a landlord requires some commitment and a good understanding of your landlord rights. nnWhile there is no one single “landlord legal gu

Primary topic: Investing

759 views

By Judson VossApr 7, 20081 topic

Undesirable Property In Post-Foreclosure Can Be Your Most Profitable Sale

We love the ugly and awful.n~Andy HellernnThere are all kinds in real estate investment. All kinds of real estate investors, all kinds of deals and all kinds of property to make a deal on. Youâll definitely find that having all kinds in this business makes for a great amount of variety and plenty of opportunity for earning profits.nnThere are three basic ways to make a profitable deal in the real estate investment industry.nn1. Pick up a Pre-Foreclosuren2. Pick up a Propert

Primary topic: Investing

756 views

By Judson VossJan 28, 20081 topic

The Famed Simultaneous Closing In Real Estate Investment

There are many ways to close a deal in real estate investing. As a foreclosure investor you’ve probably heard of the famed, simultaneous closing, when purchasing a property from the homeowner. It’s a great way to make a profit on your time and effort without using your own money to purchase a property.nnA simultaneous close is when you buy the property from the homeowner and then immediately turn around and sell that property to an investor. You very often are onl

Primary topic: Investing

745 views

By Judson VossApr 9, 20081 topic

Is Renting Smart?

Many real estate investors will think about becoming a landlord, with your own rental property, from time to time. It seems like an easy way to bring in a regular monthly income on a long-term basis. Plus, you donât have to spend a lot of time each week looking for new properties to invest in. nnHowever, a lot of investors will caution you to avoid the tenant business. Itâs got a lot of drawbacks and can actually raise your blood pressure!nnHolding Costs are High!nWhen yo

Primary topic: Investing

736 views

By Judson VossFeb 6, 20081 topic

You Too Can Cash in On The Pre-Foreclosure Market

You’ve probably heard a lot of people saying that the real estate market is a great way to make money and a great way to increase your returns. Well, they are right. nnThere are lots of opportunities in real estate for making profits, everything from flipping homes to buying defaulted mortgage notes and it’s all a consistent step-by-step process that’s simple to work once you know how. nnThe average bank savings account makes you up to 6% interest if you are

Primary topic: Investing

725 views

By Judson VossFeb 26, 20081 topic

Estimate The Costs For Painting Your Investment Real Estate Properties

One of the main stumbling blocks for many new real estate investors is under-estimating the costs of repairs and updating that a property might need prior to reselling it or even renting it out. When you are walking through and inspecting a property with an eye towards what improvements and repairs it will need, it is always a good idea to have a realistic idea of the costs involved. As you walk through any property, take along a pad of paper and a pen and take note of anythi

Primary topic: Business Opportunities

Business Opportunities

708 views

By Judson VossApr 7, 20081 topic

Can you get Good Discounts On Properties Out West?

A lot of people are interested in real estate investment, but they also live out west in very expensive areas. These are places where the average family style ranch may cost up to half a million dollars and the cost of living is very high. The tendency for these potential real estate investors is to say; sure this works for people in cheaper areas of the country but the market here is so expensive itâs just not worth our while. nnIt is very possible to make a return on your

Primary topic: Investing

707 views

By Judson VossApr 7, 20081 topic

How To Get Those Lease Tenants

Want the easiest way to bring in lease tenants when leasing a property? Put an ad in the paper! Getting a lease tenant is just the same as getting a rental property tenant. You can place an ad in the papers saying property for lease and giving your phone number.nnA lot of real estate investors forget that the goal of an ad is to get a phone call. Youâll notice this in the ads of investors with 6 or 7 lines of text that describe the property. Those are trying to sell the pro

Primary topic: Investing

706 views

By Judson VossJan 13, 20081 topic

The Incredible Importance Of Networking For The Real Estate Investor

Networking is an important skill in any business if the goal is a profitable business. The same holds true for real estate investing, at least on behalf of those who are serious about pursuing real estate investing as a business rather than a part time hobby. Either way, in all honesty, the ability to network for potential business partners, investors, and join ventures along the way can be critical to providing the type of diversity your real estate portfolio needs in order

Primary topic: Investing

685 views

By Judson VossApr 7, 20081 topic

How To Pick The Tenant For Your Lease Rental Property

Youâve had your open house for that available lease rental property and youâve gotten 3 or 4 good applications from people interested in leasing that property. Now, how do you choose the right tenant for your property?nnKnow What Kind of Tenants You are AttractingnOne thing to understand with lease purchases in real estate investment is that you are dealing with potential lessees who canât quite get into a home mortgage. Many will have bad credit, lost jobs or even lost

Primary topic: Investing

681 views

By Judson VossMar 17, 20081 topic

The Real Estate Investorâs Guide To Finding Quality Tenants For Lease-to-Own Properties

Buying a property, holding onto it, and then selling it at a later date for profit generally puts you, the real estate investor, in the undesirable seat of being a landlord. However, if you want to buy and hold properties, without ever having to deal with tenant or home maintenance and repair issues, there is a great alternative â the lease-to-own option. nnWith a lease-to-own option you lease your property to someone who at a later date plans on purchasing it from you. Gen

Primary topic: Investing

680 views

By Judson VossMar 27, 20081 topic

Using Auctions As Your Real Estate Investment Exit Strategy

As a successful real estate investor, you need to first set yourself up with good deals, and then secure financing for your deals, and finally you also have to have a solid exit strategy for those properties you ultimately purchase and plan to re-sell. One of the best exit strategies, and one many new real estate investors donât often think of, is using a real estate auction.nnUsing a real estate auction as an exit strategy can work very well for a number of reasons. By off

Primary topic: Investing

668 views

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