John P. Myers
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Investing In Probate Real Estate
Probate is the legal process of someone passing away. It is the distribution of assets of an estate to the heirs after all debts have been satisfied. Many times, these estates contain real property and have to be sold to pay off these debts.nnWhen a person passes away, a Petition for Probate is filed at the County Courthouse and a Personal Representative (PR) is appointed. The PR is the person in charge of the estate. They are given the task of liquidating all personal proper
April 3, 2008
Article
Fixer Uppers â Getting The Most Bang For Your Buck
Buying a home that is a fixer upper is a great way to make money. However, it is not for everyone, and there are many things to consider before purchasing one. nnIf you are thinking about buying your first fixer upper, I recommend you look for one that is 15 to 20 years old and one that is in need of only cosmetic or minimal repairs. Cosmetic or minimal repairs could range from just a fresh coat of paint, replacing old and outdated carpet and linoleum, to updating the kitchen
April 3, 2008
Article
Making Big Money By Wholesaling Properties
Wholesaling properties allows you to make money by controlling a property without buying it. You also do not have to use any of your own money, have good credit or deal with tenants. Letâs look at how this is done.nnFirst, you must find a motivated seller who is willing to sell their property below market value. Examples of these types of owners are ones facing foreclosure, losing their job, going through a divorce, trying to sell the house by themselves, or inheriting a pr
March 29, 2008
Article
The Edge To Selling Your Home Quickly
Selling a house is just like trying to sell a product. Proper advertising must be used. Just as equally important is the pricing and staging of the house not only in the interior of the house, but also on the exterior. The following are steps which should be taken in order to obtain the best value for your home. nnStep1 â Landscape: First impressions are everything. When a potential buyer drives up to your home, they should get the âWow, this looks niceâ feeling. This i
March 29, 2008
Article
Building Your Real Estate Investment Team
How successful you become as a real estate investor will be determined by how well you assemble your team. You will need to have team members who have knowledge and expertise in their field, as well as be trustworthy and reliable. Following are players you need to recruit for your team. nnCredit Repair Specialist â Even if you have good credit, it is always a good idea to have someone to repair and monitor your credit. Especially today where identity theft is prevalent, it
March 29, 2008
Article
Five Steps To Becoming A Successful Real Estate Investor
Find a Motivated Seller. You can usually determine if a seller is motivated within the first five minutes of your conversation. While talking and asking questions, you will be able to determine if the seller wants to, or needs to sell. If you do not have a motivated seller, you will not be able to negotiate your price or terms. You will usually have to talk to 20 â 25 sellers before finding ONE motivated seller. The key is to learn to weed out the âtire kickersâ in orde
March 3, 2008