How do I invest in real estate with little to no money?

How do I invest in real estate with little to no money?

What if you were told you could get started in real estate with just $7?

Yes…you read that right, $7!

You’re probably thinking, “How can $7 get me in the real estate game?”

While it’s not $1,000,000, $100,000 or $10,000, hey, at least it’s something and never under estimate the value of a dollar.

Just because you don’t have much money to start investing in real estate doesn’t mean you shouldn’t start investing right away.

Actually, the most difficult part of investing in real estate is, “STARTING”.

For those of you who are discouraged because you only have a little bit of money to invest – don’t fret!

$7 can get you in the real estate game more than you realize.

 Here’s how:

1.       FIND REAL ESTATE CASH BUYERS

2.      Get Your Real Estate Cash Buyers' Parameters

3.      Contact an Agent or Broker

4.      Find the properties based on the parameters

5.      Run the numbers

6.      Make a bid and lock up the property

7.      Assign and flip your property to your cash buyer

...REPEAT

Take note, the first thing on the list is to FIND REAL ESTATE CASHBUYERS.

You don’t want to purchase a piece of property if you don’t have a buyer already set up.  Here’s how your $7 can change the game of real estate for you.

Cash Buyers Lists provides verified real estate cash buyers in “any city” for “any state”.

That’s right, “ANY CITY FOR ANY STATE!”

Each real estate cash buyers list can contain up to 500 leads of verified real estate cash buyers who have purchased real estate for cash within the last 6 months.

So once you have your verified real estate cash buyers how do you contact them?

Cash Buyers Lists has connected with one of the top informational people search providers in the United States.

You’ll need an account, ($5 per  month), and you can get cracking on sourcing email addresses and phone numbers right away.

It really is that simple.

Don’t wait another moment.  Get started by picking up your first real estate cash buyers list, NOW!

www.CashBuyersLists.com

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HOMEOWNERS SAVE MOST WHEN COMBINING INSURANCE

HOMEOWNERS SAVE MOST WHEN COMBINING INSURANCE

Cash Buyers Lists News​​​​​​

Insurance providers often offer discounts to incentivize policyholders to bundle insurance. The savings depend on the type of insurance being combined, as well as the state the policyholder lives in, according to a recently released study by insuranceQuotes.

"Discounts for bundling auto and home, condo or renters insurance vary by state, and can help many consumers save more than $500 per year," said Laura Adams, senior insurance analyst for insuranceQuotes, in a statement on the study. 

"Combining policies with the same insurer is a simple and easy way to reduce premiums."

Policyholders who bundle auto and homeowners insurance reap the most savings at an average $314 per year, according to the study. Homeowners policies are more expensive than those for condo owners or renters, so the savings are more substantial.
The states with the highest average savings are:

1. Louisiana ($584/year)
2. Oklahoma ($541)
3. Texas ($473)
4. Kansas ($444)
5. Mississippi ($430)
6. Arkansas ($421)
7. Minnesota ($418)
8. Alabama and Missouri ($414)
9. Nebraska ($395)
10. Illinois ($392)

In some cases, however, bundling does not maximize savings, Adams cautioned. It is important to shop around for policies, even if they are from different insurance providers.

"Combining policies usually saves money; however, there are scenarios when using separate providers could be a better option," said Adams. "Always compare quotes both bundled and unbundled."

Source: insuranceQuotes

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DISTRESSED PROPERTY TRANSACTION SKILLS ARE PERENNIAL

DISTRESSED PROPERTY TRANSACTION SKILLS ARE PERENNIAL

Cash Buyers Lists News​​​​​​

While foreclosures have decreased nationally this year to an 11-year low, there are areas of the country which are showing a surprising increase in foreclosure activity. This may be due to differences in the way specific regions are recovering from the great recession, or because of more recent impacts to local economies driven by things such as changes in oil prices.  As reported recently by REALTOR(R) Magazine, according to RealtyTrac and ATTOM Data Solutions, states seeing recent increases in foreclosure activity include (in order of increase): Delaware, Arizona, Utah, Connecticut, Oregon, South Carolina, Massachusetts, and Virginia.

The article also offers a visual heat map that you can review to see the changes in foreclosure activity in the specific areas you serve. And even while foreclosures have declined overall, there are still 1.4M residential properties nationally that have either been abandoned by their owners during the foreclosure process (so-called "zombie" foreclosures) or are bank-owned but still vacant-especially in Florida, Michigan, Ohio, Illinois, and Georgia. Banks are eager to get rid of these properties to help ease low inventory concerns.

Knowledge of distressed property transactions is a skill that certainly gains prominence when the national economy is struggling (as it has been), but holds value at all times. It is a perennial skill. There will, unfortunately, always be areas of the country experiencing a downturn. There will always be former and future clients in your market who may face individual hardships over the years and will need your help at a difficult time. You will want to be ready for these situations.

This month's featured course is Short Sales and Foreclosures: What Real Estate Professionals Need to Know, which leads to the Short Sales and Foreclosure Resource(R) (SFR(R)) Certification. The course supports the ongoing demand for real estate professionals who know how to successfully navigate distressed property transactions for seller and buyers.

The course and certification give you a framework for understanding how to direct distressed sellers with confidence and compassion; both offer downloadable and digital resources that you can retain and access when you need to brush-up on any of the information as the need arises.

For more information, visit www.realtor.org.

www.CashBuyersLists.com

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DISTRESSED PROPERTY TRANSACTION SKILLS ARE PERENNIAL

DISTRESSED PROPERTY TRANSACTION SKILLS ARE PERENNIAL

Cash Buyers Lists News​​​​​​

While foreclosures have decreased nationally this year to an 11-year low, there are areas of the country which are showing a surprising increase in foreclosure activity. This may be due to differences in the way specific regions are recovering from the great recession, or because of more recent impacts to local economies driven by things such as changes in oil prices.  As reported recently by REALTOR(R) Magazine, according to RealtyTrac and ATTOM Data Solutions, states seeing recent increases in foreclosure activity include (in order of increase): Delaware, Arizona, Utah, Connecticut, Oregon, South Carolina, Massachusetts, and Virginia.

The article also offers a visual heat map that you can review to see the changes in foreclosure activity in the specific areas you serve. And even while foreclosures have declined overall, there are still 1.4M residential properties nationally that have either been abandoned by their owners during the foreclosure process (so-called "zombie" foreclosures) or are bank-owned but still vacant-especially in Florida, Michigan, Ohio, Illinois, and Georgia. Banks are eager to get rid of these properties to help ease low inventory concerns.

Knowledge of distressed property transactions is a skill that certainly gains prominence when the national economy is struggling (as it has been), but holds value at all times. It is a perennial skill. There will, unfortunately, always be areas of the country experiencing a downturn. There will always be former and future clients in your market who may face individual hardships over the years and will need your help at a difficult time. You will want to be ready for these situations.

This month's featured course is Short Sales and Foreclosures: What Real Estate Professionals Need to Know, which leads to the Short Sales and Foreclosure Resource(R) (SFR(R)) Certification. The course supports the ongoing demand for real estate professionals who know how to successfully navigate distressed property transactions for seller and buyers.

The course and certification give you a framework for understanding how to direct distressed sellers with confidence and compassion; both offer downloadable and digital resources that you can retain and access when you need to brush-up on any of the information as the need arises.

For more information, visit www.realtor.org.

www.CashBuyersLists.com

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MUD ROOMS, OFFICES RANK HIGH FOR HOMEOWNERS

Mud Rooms, Offices Rank High for Homeowners

Cash Buyers Lists News​​​​​​

A mud room and an office come in at the top of homeowners' wish lists-and a gym and a movie theater have dropped off it, according to the recently released American Institute of Architects' (AIA) Home Design Trends Survey. 

"Heavy investment in outdoor living spaces, mud rooms and home offices indicate that consumers are placing a premium on practicality and functionality," said Kermit Baker, AIA chief economist, in a statement on the survey. "Things have changed a lot from a decade ago, when home theaters and exercise rooms were some of the most popular 'special function' rooms in homes."

In addition to a mud room, an office and outdoor living space, homeowners are remodeling for a designated guest room (e.g., an Au Pair or in-law suite) and a sun room or three-season porch, according to the survey.

Remodeling for accessibility is also common, though somewhat less so as more new homes are being designed to accommodate "aging in place." Popular accessibility projects, the survey found, include adding a first-floor master bedroom, an elevator and handles.

"Although accessibility features remain an important issue to homeowners, demand for some of these features has leveled off in the custom residential arena," Baker said. "As more homes become equipped to handle an aging population of homeowners, less custom work needs to be done to address specific accessibility issues."

Automated features are in-demand, as well, some with the dual benefit of convenience and energy efficiency. Up-and-coming features that homeowners have begun to request, the survey found, include an air purification system, a backup power generator, an electrical car docking station, solar panels and "super" insulation.

Source: American Institute of Architects (AIA)

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5 TIPS FOR BUYING FORECLOSED HOMES

Cash Buyers Lists News​​​​​​

Despite increases in home prices and a stabilizing housing market, many experts say the foreclosure crisis is far from over. But buying a foreclosed home is different from buying a typical resale. In many cases: 

• Only one real estate agent is involved.
• The seller wants a preapproval letter from a lender before accepting an offer.
• There is little, if any, room for negotiation.The home comes as-is, and it's up to the buyer to pay for repairs.

On the upside, most bank-owned homes are vacant, which can speed up the process of moving in.

"Buying a foreclosure is definitely a bit of a grind. It's not easy," says Robert Jensen, a broker in Las Vegas. "You're getting fantastic pricing, but sometimes it takes going through a lot of houses and writing a lot of offers to get the home you want."​

Get a Broker and Lender

The first two steps in buying a foreclosure should happen almost simultaneously: Find a real estate broker who works directly with banks that own foreclosed homes and get a pre-approval from a lender.  Elaine Zimmerman, a real estate investor and author, recommends that shoppers first visit any site with a database of foreclosed homes. You also could look at a local real estate website that lets you filter the results to see only foreclosures. You might find the acronym REO, which means "real estate owned" (by a bank, that is). This signifies that a home has been through foreclosure and the lender is selling it.

Get a Broker on Your Side

The goal of combing through foreclosure listings is not to find a house; it's to find an agent. Banks usually hire a few real estate brokers to handle their REO properties in a market. In a lot of cases, the buyer works directly with the bank's broker instead of using a buyer's agent. That way, the commission doesn't have to be split between two brokers.

"A lot of these REALTORS(R) have a long-term relationship with these banks, and they know of listings that haven't even come on the list yet," Zimmerman says. "Call them about the listings that you're interested in, but also ask them about listings that may be coming up because sometimes it may take a day or two or even a week before a listing actually comes onto the database."  In places where thousands of foreclosed properties are for sale, you might not get much one-on-one attention from overloaded agents. To prove that you're serious about buying, says Jensen, "right before or after you meet with the agent, meet with the lender."

Get a Pre-approval Letter

Unless you plan to pay cash, you'll need a recent pre-approval letter from a lender. The letter will describe how much money you can borrow, based upon the lender's assessment of your credit score and income.

"The problem is, buyers want to find the house first, and then they think they'll work out the financing," Jensen says. "But the problem is, the really good deals on these bank-owned, they go quick-and the buyer doesn't necessarily have time to try to work out the financing afterward. They need to work that out first." Zimmerman says some first-time buyers make the mistake of assuming that the bank selling the home will also finance the mortgage as part of the deal. "Don't expect to get financing from the bank that foreclosed on it," she says. "That's a totally separate transaction, and they view it that way. The people in the (bank's) REO department are not loan officers. They are getting rid of bad assets."

Pricing Depends on Sales Pace 

There's no rule of thumb on what the bank's bottom line is on price. Just as with any other real estate purchase, you have to look at the recent sales prices of comparable properties, or "comps."

Jensen says: "You really have to look at the comps in today's current market conditions and write a competitive offer based on that. Sometimes the bank prices the homes really low, and the home will have multiple offers over list price within hours. Sometimes it's priced too high, and you can come in lower. A lot of times, buyers will come to me and say, 'We want to write offers for half price.' It just doesn't work that way."

​Don’t Expect a Repair Discount

Keep in mind that foreclosed houses generally are sold as-is. Jensen says: "Let's say the house is listed for $200,000, all the comps are $200,000, and so the client comes in and said, 'Hey, look, I want to buy this house but I've got to do paint, carpet and fix some mold damage, so I want to take $15,000 off the price.' You know what? All the other ones were in the same condition, and they sold for $200,000."

Jensen further counsels to look at the "absorption rate for your product class." That means you should find out how quickly comparable houses are selling. In foreclosure, a 3,500-square-foot house with a pool in a gated community might sell within days or hours, whereas more modest homes might sit on the market for weeks.

If homes in your product class are selling swiftly, "the best advice on a bank-owned property is to come in at your highest and best, unless the property has been sitting on the market forever with no activity," Jensen says. "If you're going to be upset because you would have gone $5,000 more, but you lost the property, just bid the higher price in the first place."

Jensen and Zimmerman recommend getting to know trades people who can assess and repair damage from pests, mold and leaks.
(C)2016 Bankrate.com
 Distributed by Tribune Content Agency, LLC

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PENDING HOME SALES HIT LOWEST LEVEL SINCE JANUARY

Cash Buyers Lists News​​​​​​

After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of REALTORS(R).
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in August from a downwardly revised 111.2 in July and is now slightly lower (0.2 percent) than August 2015 (108.7). With last month's decline, the index is now at its second lowest reading this year after January (105.4).

Lawrence Yun, NAR chief economist, says suffering supply levels have taken the wind out of the momentum the housing market experienced earlier this year. "Contract activity slackened throughout the country in August except for in the Northeast, where higher inventory totals are giving home shoppers greater options and better success signing a contract," he says. "In most other areas, an increased number of prospective buyers appear to be either wavering at the steeper home prices pushed up by inventory shortages or disheartened by the competition for the miniscule number of affordable listings."

According to Yun, evidence is piling up that without more new home construction, the current housing recovery could stall. Housing inventory has declined year-over-year for 15 straight months; properties in August typically sold 11 days quicker than in August 2015, and after increasing 5.1 percent last month, existing-home prices have risen year-over-year for 54 consecutive months.

"There will be an expected seasonal decline in new listings in coming months, which could accelerate price appreciation and make finding an affordable home even more of a struggle for would-be buyers," adds Yun.

Earlier this month, NAR released a new study that revealed single-family home construction is not keeping pace with job creation and is lacking overall in 80 percent of measured metro areas. When combined with the scant supply levels for existing homes, these tight inventory conditions continue to hamper affordability in many of the largest cities in the country-especially those in the West.

"Given the current conditions, there's not much room for sales to march again towards June's peak cyclical sales pace," says Yun.

Following last month's decline, Yun expects existing-home sales in 2016 to be around 5.36 million, a 2.1 percent increase from 2015 and the highest annual pace since 2006 (6.48 million). The national median existing-home price growth is forecast this year to rise around 4 percent.

The PHSI in the Northeast rose 1.3 percent to 98.1 in August, and is now 5.9 percent above a year ago. In the Midwest the index decreased 0.9 percent to 104.7 in August, and is now 1.7 percent lower than August 2015.

Pending home sales in the South declined 3.2 percent to an index of 119.8 in August and are now 1.5 percent lower than last August. The index in the West fell 5.3 percent in August to 102.8, and is now 0.6 percent lower than a year ago.

For more information, visit www.realtor.org.

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TOP TIPS FOR WORKING WITH HISPANIC CLIENTS

Cash Buyers Lists News​​​​​​

If you’re not working with Hispanic clients, you’re missing a huge market, as they remain one of the fastest growing home-buying demographics.

However, if you’re not Hispanic yourself, there are a few things you might want to know before you dive in. Below are some tips from the top two winners of NAHREPs Top 250award, Mario Negron in Houston, Texas, and Claudia Restrepo in Spokane, Wash.

Don’t forget to listen. "The biggest mistake agents make when working with Hispanic clients is not paying attention," says Negron. For instance, Negron points out that most Hispanic clients are family driven, and this impacts their choice in home location. "We congregate closer to family, relatives. That’s where most agents drop the ball. They show homes far away because they don’t realize what the client wants."

Focus even further on relationship-building. Most agents work to build their relationships with their clients, but when working with the Hispanic demographic, it’s even more important. "Hispanics are very relationship oriented," explains Restrepo. "We want to know who we are doing business with before we actually start working with someone." Be sure to go the extra mile to connect, be present, and show you care not only about making a sale, but about the happiness and well-being of your client.  Pay attention to unique financial needs. Hispanic homeowners are less likely to want to finance a large sum.

"We are not used to borrowing a large amount of money for a long period of time to own a home," explains Restrepo. "We want to pay it off as soon as possible. Those little details make the experience different from any other buyers."

Expect (and respect) a larger family unit. You may be used to working with married teams of two, but Hispanic families tend to include extended family members in their core unit. This could mean that not only are Grandma and Grandpa coming along on your listing tours, but they are going to be involved with their family’s decision-making process, so be sure to address and include them, too.  Real estate professionals should understand the idiosyncrasies of Hispanic culture. By doing so, the transaction will be more successful for everyone involved.

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