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	<title>Comments on: Real Estate Investing: Flipping Properties</title>
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	<description>Real estate investing articles and news</description>
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		<title>By: Chuck Z</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-958</link>
		<dc:creator>Chuck Z</dc:creator>
		<pubDate>Wed, 12 Aug 2009 19:01:45 +0000</pubDate>
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		<description>There are investment advisors who specialize in real estate investing.  You might also consider contacting a specialist who does Real Estate Investment Trusts (REITs).  They can advise you on how to do this properly.  You might also ask them about a &quot;1031 exchange&quot;, which is a type of real estate transaction where you sell a rental property, only to reinvest the sales proceeds into another rental property.</description>
		<content:encoded><![CDATA[<p>There are investment advisors who specialize in real estate investing.  You might also consider contacting a specialist who does Real Estate Investment Trusts (REITs).  They can advise you on how to do this properly.  You might also ask them about a &quot;1031 exchange&quot;, which is a type of real estate transaction where you sell a rental property, only to reinvest the sales proceeds into another rental property.</p>
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		<title>By: Monstblitz</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-959</link>
		<dc:creator>Monstblitz</dc:creator>
		<pubDate>Wed, 12 Aug 2009 15:17:27 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-959</guid>
		<description>I wasn&#039;t going to answer this just because there are libraries written about this subject. However, I noticed that the first two posts are smoke and mirrors. I&#039;m a real estate investor, and I hope these thoughts help.

The first post is a search engine organizer advertising itself. Waste of time.

The second post is a lead generation or instruction group who wants you to fill out some information in hopes of selling it to people who want your business. There is an enormous market out there for selling products or instruction regarding real estate investing, and it is very difficult to sort out what is good and bad. Most of it is overpriced and leads to dead ends. Most of the people who come to a forum like this will offer you direct answers, be weary of somebody telling you to go look somewhere else for the information. It is not what this forum was designed for.

A couple thoughts to get you started with your question:
1) You already have a map to start with. It is a strategy (buy and hold) that I personally employ and have been successful with, but it takes more patience to see the returns. Stay the course and you will see success.
2) In the recent weeks the lending market has changed so that banks are far more careful about lending 100% of the value of a home. Even 5% down is difficult to find. The banks that do offer this financing will want to see impeccable credit as well as documentable income, a stable employment history and at least some assets. Interview a number of lenders as well as your local bank, and if you need to prepare a little longer, you will at least have the information to set a goal.
3) Spend time searching. Lots of it. Sellers know that there are new investors out there who just want to own a property. Don&#039;t be that guy. Search many properties through classifieds, foreclosures, real estate agents, etc. before making a decision.
4) After searching hard for the right property, search the property itself. New investors often forget that what looks rosy on the outside can be filled with problems. It is very difficult to sue a previous owner of a property. Find an inspector who is willing to give you an honest opinion, and when they find problems, work out the numbers to see if the property still makes sense. When the numbers don&#039;t make sense, don&#039;t be afraid to walk away quickly. You will be holding the property for years, and old roofs, bad brick, old electrical, old plumbing, and items out of code can come back to haunt you.
4) Set aside some money for any disasters. You can&#039;t check everything, and even a quality property can give you problems. Set aside the money.
5) Have fun with it. Don&#039;t be afraid to be creative and make your own map. I encourage you to read and study about real estate investing, because there have been so many before us that have been successful. However, you will find you have your own ideas along the way. Real estate is incredible forgiving, and I enjoy the hands on aspect of it. I take a lot of pride in the success I&#039;ve had with my own ideas, and I&#039;ve been safe when some of my ideas of been sour apples.

Finally, my favorite literature for a new real estate investor is a book called &quot;Real Estate Riches&quot; by Dolf De Roos. De Roos employs the exact method of investing that you&#039;ve talked about, and his writing is easy to read. You can find it at your local bookstore or on line. I recommend the 2nd edition.

Best of luck! Real estate investing is a lot of work, but I don&#039;t think I need to tell you how many people have been made wealthy by doing so.</description>
		<content:encoded><![CDATA[<p>I wasn&#039;t going to answer this just because there are libraries written about this subject. However, I noticed that the first two posts are smoke and mirrors. I&#039;m a real estate investor, and I hope these thoughts help.</p>
<p>The first post is a search engine organizer advertising itself. Waste of time.</p>
<p>The second post is a lead generation or instruction group who wants you to fill out some information in hopes of selling it to people who want your business. There is an enormous market out there for selling products or instruction regarding real estate investing, and it is very difficult to sort out what is good and bad. Most of it is overpriced and leads to dead ends. Most of the people who come to a forum like this will offer you direct answers, be weary of somebody telling you to go look somewhere else for the information. It is not what this forum was designed for.</p>
<p>A couple thoughts to get you started with your question:<br />
1) You already have a map to start with. It is a strategy (buy and hold) that I personally employ and have been successful with, but it takes more patience to see the returns. Stay the course and you will see success.<br />
2) In the recent weeks the lending market has changed so that banks are far more careful about lending 100% of the value of a home. Even 5% down is difficult to find. The banks that do offer this financing will want to see impeccable credit as well as documentable income, a stable employment history and at least some assets. Interview a number of lenders as well as your local bank, and if you need to prepare a little longer, you will at least have the information to set a goal.<br />
3) Spend time searching. Lots of it. Sellers know that there are new investors out there who just want to own a property. Don&#039;t be that guy. Search many properties through classifieds, foreclosures, real estate agents, etc. before making a decision.<br />
4) After searching hard for the right property, search the property itself. New investors often forget that what looks rosy on the outside can be filled with problems. It is very difficult to sue a previous owner of a property. Find an inspector who is willing to give you an honest opinion, and when they find problems, work out the numbers to see if the property still makes sense. When the numbers don&#039;t make sense, don&#039;t be afraid to walk away quickly. You will be holding the property for years, and old roofs, bad brick, old electrical, old plumbing, and items out of code can come back to haunt you.<br />
4) Set aside some money for any disasters. You can&#039;t check everything, and even a quality property can give you problems. Set aside the money.<br />
5) Have fun with it. Don&#039;t be afraid to be creative and make your own map. I encourage you to read and study about real estate investing, because there have been so many before us that have been successful. However, you will find you have your own ideas along the way. Real estate is incredible forgiving, and I enjoy the hands on aspect of it. I take a lot of pride in the success I&#039;ve had with my own ideas, and I&#039;ve been safe when some of my ideas of been sour apples.</p>
<p>Finally, my favorite literature for a new real estate investor is a book called &quot;Real Estate Riches&quot; by Dolf De Roos. De Roos employs the exact method of investing that you&#039;ve talked about, and his writing is easy to read. You can find it at your local bookstore or on line. I recommend the 2nd edition.</p>
<p>Best of luck! Real estate investing is a lot of work, but I don&#039;t think I need to tell you how many people have been made wealthy by doing so.</p>
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		<title>By: wes f</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-955</link>
		<dc:creator>wes f</dc:creator>
		<pubDate>Wed, 12 Aug 2009 10:51:44 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-955</guid>
		<description>You should start by wholesaling and assigning contracts.  That would fit what you are looking for exactly.  Check out some real estate  forums and search for both terms to learn me.  One website is www.reiplace.com.  Another is www.biggerpockets.com.

Good luck!</description>
		<content:encoded><![CDATA[<p>You should start by wholesaling and assigning contracts.  That would fit what you are looking for exactly.  Check out some real estate  forums and search for both terms to learn me.  One website is <a href="http://www.reiplace.com" rel="nofollow">http://www.reiplace.com</a>.  Another is <a href="http://www.biggerpockets.com" rel="nofollow">http://www.biggerpockets.com</a>.</p>
<p>Good luck!</p>
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	<item>
		<title>By: cjr_mamamia</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-954</link>
		<dc:creator>cjr_mamamia</dc:creator>
		<pubDate>Wed, 12 Aug 2009 09:39:02 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-954</guid>
		<description>yeah you should do it..... it&#039;s good money....</description>
		<content:encoded><![CDATA[<p>yeah you should do it&#8230;.. it&#039;s good money&#8230;.</p>
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		<title>By: david m</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-956</link>
		<dc:creator>david m</dc:creator>
		<pubDate>Wed, 12 Aug 2009 07:31:46 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-956</guid>
		<description>Go to who ever has financed you in the past and see it they will accommodate your needs. They know you and already have a relationship established.</description>
		<content:encoded><![CDATA[<p>Go to who ever has financed you in the past and see it they will accommodate your needs. They know you and already have a relationship established.</p>
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		<title>By: JordanP</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-957</link>
		<dc:creator>JordanP</dc:creator>
		<pubDate>Tue, 11 Aug 2009 23:55:55 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-957</guid>
		<description>1. Finding the right properties below current market values and as you locate this / theses properties have an idea of what it will cost you to rehab ( fix up ) these properties

2. Finding a lender that meet and exceed your needs (if you are going to flip these properties it would be best to find a true hard money lender to finance these or if you are going to hold these properties find a local lender that you can build a strong relationship with)  Either way the most important thing when it comes to financing investment properties is to have a very good working relationship with your lender(s)

3.  Advertise your property.  Determine what you are going to do with these properties and advertise them accordingly.  If you are going to owner finance them then make sure to put that in your advertisement.  If you are going to retail them on the open market then find a realtor that will list them on the MLS for a flat fee to keep your cost down.  If your going to flip them to another investor then the best thing to do is check and see if there is a local real estate investors association that you can join and check out yahoo groups for real estate investors groups.  Make you some points of contact for flipping houses to other investors and find out what it is that they are looking for just in case you run across that very thing that they want. CH CHING$$$$$


email me at uspropsc@yahoo.com and I can send you plenty of links to some of the best real estate investors groups on yahoo</description>
		<content:encoded><![CDATA[<p>1. Finding the right properties below current market values and as you locate this / theses properties have an idea of what it will cost you to rehab ( fix up ) these properties</p>
<p>2. Finding a lender that meet and exceed your needs (if you are going to flip these properties it would be best to find a true hard money lender to finance these or if you are going to hold these properties find a local lender that you can build a strong relationship with)  Either way the most important thing when it comes to financing investment properties is to have a very good working relationship with your lender(s)</p>
<p>3.  Advertise your property.  Determine what you are going to do with these properties and advertise them accordingly.  If you are going to owner finance them then make sure to put that in your advertisement.  If you are going to retail them on the open market then find a realtor that will list them on the MLS for a flat fee to keep your cost down.  If your going to flip them to another investor then the best thing to do is check and see if there is a local real estate investors association that you can join and check out yahoo groups for real estate investors groups.  Make you some points of contact for flipping houses to other investors and find out what it is that they are looking for just in case you run across that very thing that they want. CH CHING$$$$$</p>
<p>email me at <a href="mailto:uspropsc@yahoo.com">uspropsc@yahoo.com</a> and I can send you plenty of links to some of the best real estate investors groups on yahoo</p>
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		<title>By: afraidofsharks</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-953</link>
		<dc:creator>afraidofsharks</dc:creator>
		<pubDate>Tue, 11 Aug 2009 23:19:16 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-953</guid>
		<description>There are a number of sites available that will provide some guidance. I do not suggest that you sign up for any of the &quot;GET RICH QUICK&quot; scams out there. Try these
www.flippinghomes.com/education
www.flippinghomesmadeeasy.com
Be careful, if you do it wrong you can loose a lot.pp</description>
		<content:encoded><![CDATA[<p>There are a number of sites available that will provide some guidance. I do not suggest that you sign up for any of the &quot;GET RICH QUICK&quot; scams out there. Try these<br />
<a href="http://www.flippinghomes.com/education" rel="nofollow">http://www.flippinghomes.com/education</a><br />
<a href="http://www.flippinghomesmadeeasy.com" rel="nofollow">http://www.flippinghomesmadeeasy.com</a><br />
Be careful, if you do it wrong you can loose a lot.pp</p>
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	<item>
		<title>By: Home Improvement</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-948</link>
		<dc:creator>Home Improvement</dc:creator>
		<pubDate>Tue, 11 Aug 2009 12:11:05 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-948</guid>
		<description>440 Sipack how do you kmow this info. Is that fact or fiction?</description>
		<content:encoded><![CDATA[<p>440 Sipack how do you kmow this info. Is that fact or fiction?</p>
]]></content:encoded>
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	<item>
		<title>By: Home Improvement</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-950</link>
		<dc:creator>Home Improvement</dc:creator>
		<pubDate>Tue, 11 Aug 2009 08:42:06 +0000</pubDate>
		<guid isPermaLink="false">http://internetweatherstations.com/real-estate-investing-flipping-properties.html#comment-950</guid>
		<description>This fellow is good, Not a bad facilitator.I loved it  please more. thank you .</description>
		<content:encoded><![CDATA[<p>This fellow is good, Not a bad facilitator.I loved it  please more. thank you .</p>
]]></content:encoded>
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	<item>
		<title>By: Home Improvement</title>
		<link>http://internetweatherstations.com/real-estate-investing-flipping-properties/comment-page-1#comment-946</link>
		<dc:creator>Home Improvement</dc:creator>
		<pubDate>Tue, 11 Aug 2009 06:27:25 +0000</pubDate>
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		<description>This guy is like all the others now getting in trouble with this couching scame whre they will hold your hand threw deals</description>
		<content:encoded><![CDATA[<p>This guy is like all the others now getting in trouble with this couching scame whre they will hold your hand threw deals</p>
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