BLOG




Archive for the ‘Articles’ Category

Moderate Growth In 2012?

Thursday, January 19th, 2012

Fannie Mae’s Economics and & Mortgage Market Analysis Group just released a report this week that says the housing market is “showing some positive indicators”.

Doug Duncan, Fannie Mae’s chief economist predicts “a year of moderate growth edging away from the 2011 threat of a double dip.”

You can read the full article for yourself by clicking the link below:

http://www.dsnews.com/articles/fannie-mae-predicts-moderate-growth-in-2012-2012-01-17

The question is, what does this mean for you?

As the housing market continues to rebound it means that more and more buyers will be available to purchase fix and flip properties.

It presents a great opportunity for you to put your money to work and fund loans.  At DoHardMoney.com, we’ve experienced a tremendous explosion in the amount of loan applications that we receive.

We’re actually in a position where we are scrambling to put systems and people in place to handle the volume because it’s not backing down.

The good news about this is that we are able to filter deals out to the very best ones which has turned a tidy profit for our financial backers and borrowers.

This article should give you confidence that the real estate investment market is solid, stable and a great place to park your money for building wealth.

Let me know your thoughts on this article by posting your comments below, I’d love to hear your feedback!

 

Share

Securing private money loans for out-of-state owners’ properties.

Wednesday, December 7th, 2011

Are you looking for ways of finding good deals? Do you want to get private money loans for your property and make decent profits? This article can answer all your questions by telling you a brilliant way of finding good properties…


When it comes down to being successful as a real estate investor, the number one thing that really matters is finding good deals.

You can’t expect to get a private money loan if you are unable to find a good deal. That’s the most important factor, which true hard money lenders look for.

Finding good deals is like fishing. You can go out there and you can fish with one pole or you can go out there and fish with a long line and bunch of hooks. It depends upon you.

Similarly, when it comes down to finding properties, there is just not one particular way of doing it. You will have to try a bunch of different things.

You’ll have to get a whole bunch of hooks in the water at the same time with a firm believe that one of them is bound to have something to hit on it. Don’t go with the single-fishing pole. Go with a long line and with a whole bunch of hooks.

Some of the ideas I’ll discuss here would not be your only solution for getting private money loans. But they could be one of the several ways of securing financing from private money lenders.

One of the ideas that have the potential of bringing some success is finding out-of-state owners’ properties.

People keep moving to different cities or countries because of their personal and professional requirements. Most of them want to sell their property within a short period of time as they don’t want that property anymore.

Then there are people who buy property as investment properties but they find out that the investment is not what they thought it would be. On the other hand, managing those investment properties from far tends to be more of a problem than it is worth.

Another type of out-of-state owners are those whose grandparents or parents have left a property for them and they are willing to sell it as soon as possible because they are living in some other parts of the country.

All those things can accumulate to a motivated seller. When it comes down to it, you should try finding people who are motivated to make deals happen. That’s where you are going to find some margins and these are the properties, which will help you in getting a private money loan easily.

Basically there are two things, which can help you out:

1. Finding somebody who is motivated

2. Finding a property that is in need of some work

There are places, which are selling the lists of out-of-state owners. You can purchase that list or you can look on the tax roll to see where the mailing address is for the tax notice. If the mailing address for the tax notice is somewhere else than the property address, this means that it is going to be an out-of-state owner or a non-owner occupied property.

You should focus on the ones that are out-of-state, not the ones that are in-state to begin with because typically they are going to be a little more motivated.

You can mail to out-of-state owners and can put a postcard campaign or a mailer campaign together for those people and work for people who own properties and who live outside of the state. It will help you in getting in touch with them. If you can find their contact numbers, it is better to give them a call and discuss your offer.

It can turn out to be really successful for you, lots of times those people are motivated as they want to unload it and this can be a great way to help you find some properties.

The reason why I am calling these properties as good opportunities is because you can buy them at much lower prices and make good profits after flipping them with the help of private money loans.



see-our-loan-programs


get-your-free-book-cd

Share

Real Estate Investment – Good News for Investors in Texas

Thursday, November 24th, 2011

 

This article talks about one of the most important and good news related to real estate investment in Texas…

I want to talk about a new report that just came out from Movoto.com. They have done some research that would be quite interesting for the people who are in Texas.

So, all of you Texas real estate investors listen to me on this because I think this could be really important for you.

According to a new study research, “Most families can afford purchasing a house”. There are a couple of things that are really interesting and according to the study of 2010-11, “Average family income was $64,400”, which I think is quite impressive.

With that, a family can typically go up to a $215,000 purchase price but according to Movoto.com, they are saying that $150,000 purchase price is going to be something that they would be more excited to do. They can go up to $215,000 but they would rather stick around $150,000.

I have talked about it time and time again that you should invest in low end income houses. You shouldn’t try to invest in half a million or million or 300,000 dollars houses.

Again, this study is also going to tell you that the maximum you are going to sell the property for is $215,000 and the more likely price you would like to get for a property is $150,000.

There are a couple of things, which are really important here:

1. Look for Family Houses – We are talking about families here. You should be looking at the houses, which have 4 bedrooms, 2 bathrooms because we are talking about families and annual household incomes within the families itself.

2. Don’t go over $215,000 when it comes to the sales price

3. The most likely prices for family homes is $150,000

So, when we talk about all these types of things, you don’t want to stick to high end homes or expensive properties that are over $215,000 because it will decrease your chances of success as a real estate investor.

If you want to make your real estate investment deal successful, you need to look for family homes in residential neighborhoods with 4 bedrooms, 2 bathrooms. As you are buying, fixing and reselling that property, you need to be looking at homes that are going to sell for no more than $215,000 as a maximum.

There are more than 50% of buyers or families out there, who can afford a home for more than $150,000-$215,000 based upon their incomes.

One of the other things that are pretty interesting is that on Movoto.com, more than 55% houses on their website are under $215,000 and an additional 24% are under $150,000.

It is really easy to tell where the majority of the homes are. It’s under that $215,000 range, which most of the families can easily qualify for, with the median range of salary of $64,400 and most of them are willing to spend $150,000.

So, this is buyer speaking to you. They are telling you what they want. This statistical information means that the real estate investors shouldn’t be purchasing homes or trying to sell them over $215,000 and make sure that you are buying family properties because they are the ones who would be purchasing them at the time of reselling.



see-our-loan-programs


get-your-free-book-cd


Share