Many people do not realize that they have an option besides having their house repossessed, or selling it and finding a new place to live. There is a third option. If you are having a hard time repaying your mortgage but you want to remain in your current house, you might want to consider consulting a sell and rent back company. Selling to rent back is definitely an option to seriously consider. It alleviates the need to sell your house and deal with the upheaval and stress and that relocating brings.

When looking for a sell and back company online, they will get you to fill out a form, which they will then review within a couple days. They will send you an informal offer for your house, which will give you a good idea of how much money you can make from the sale. Your house would not actually go to the real estate market though, because the sell and rent back company will be the ones to buy it from you. The benefit of this is that you can sell your house without having to wait months for a buyer.

If their informal offer is of interest to you, one of their employees will contact you to make a formal offer and to discuss the intricacies of the process. The employee will detail the stipulations of the offer, such as the amount of rent that would be required and the terms for buying back the home at a later date. All of the details of the contract (the rent, quote, and buy back amount) will be tailored towards your specific circumstances, with the aim to make them as realistic as possible.

There is a big difference between selling your house through a real estate broker and selling to rent back. There are pros and cons to both options but, ultimately, you may not really have a choice. If you need a quick sale and do not want to move house then using a sell and rent back company is literally your only option. If you can afford to wait months to find a buyer on the general market then you would likely be able to sell your home for a higher price though.

If the sell to rent back scenario fits your needs, sales can be finalized in just a few weeks. If you are facing foreclosure or eviction, most sell and rent back companies will not be put off dealing with you. Even if you have already received a notice of foreclosure or eviction, these companies can still work to save your home before the deadline comes. So, however bad you think your situation may be, there is still hope for you to remain in your home.

When you think of virtual real estate investing, a number of things may come to mind. Depending on how familiar you are with real estate investing already, you might think of real estate portfolios and real estate retirement plans, or you might focus on short sales, bulk reo investing and virtual real estate investing. You probably also wonder how these things play out in real estate investors life in the current economy.

There is a lot to learn about real estate investing. To get the most out of real estate investing education, be familiar with basic information ahead of time. Short sales, bulk reo sales, virtual real estate and general real estate investor abilities all are improved by knowing some basics of real estate investing. Here are three real estate investing basics that even some experts do not really know:

1. You always will get a positive result from investing in real estate investing education. Every good real estate deal represents thousands of dollars in potential wealth. Knowing how to get that wealth is the key to success. When you know about real estate your odds of success increase with each real estate deal. A small investment in your education can yield big results when you implement your learning.

2. You can succeed in real estate investing in any economy. Many people think that you can only succeed in real estate when the economy is booming. Actually a poor economy is not a bad economy for real estate investors. You can often buy properties at deep discounts. You might also find deals that simply would not exist in a booming economy. Real estate investing often is what turns the tide for poor economies. Short sales, bulk reo sales and virtual real estate all can thrive when the economy is not. You will have the option of saving yourself and possibly others from serious financial difficulties if you know about these types of deals.

3. You do not need a lot of money to be a successful real estate investor. You can make a success of real estate investing no matter how much or little money you have. Many types of deals enable you to use other people’s money to do them. If you look like a good investment a private lender may let you use their money. The best way to look like a solid investment is to have an in-depth knowledge of real estate investing. This will help you show people that you are a good investment if they have the money to help you with real estate investing but they do not know how to use it.

Real estate investing is a good way to generate a great deal of wealth. You will have the ability to create income in any economy. Using a knowledge base of real estate investing, short sales, bulk reo sales and virtual real estate you will be able to make success for yourself. Knowing the basics of real estate investing will help you succeed as a real estate investor. Knowing some real estate investing basics (beyond what older gurus like Robert Allen teach) and applying them will help you succeed as a real estate investor.

Great real estate investing resources are available at RealEstate.BryanEllis.com.

Free gift for my blog readers, its called the 5 Levels of Real Estate Investing. This was my first book I ever wrote about real estate investing, and I want to give it to you. There is no sign up form or optin page. Just go here to this link and download it “GET IT HERE” .

I just wanted to show my appreciation for you coming by and reading my blog. Enjoy the ebook and if you want to give me any feedback you can leave a comment at the end of this post. Take care!

-Sam Bell

http://sambell.us/

Free Report from Sam Bell, America’s #1 Internet Marketer & Web2.0 Expert In the Field of Real Estate and Real Estate Investing

More on Sam Bell Internet Marketing & Social Media For Real Estate

I had the opportunity to discover something simple, but revolutionary that was revealed to me by none other than Mr. @stephen_pierce (CLICK HERE TO SEE MR. PIERCE SPEAK) himself. Its the concept of simple patterns as it applies to business, life, and Internet marketing. Meaning that all business opportunities, whether Internet marketing, or real estate related can be broken down to the least common denominator of (Who, What, How).

The who is simply who is our target market, if its real estate are targets are motivated home sellers and, home buyers. If we are speaking in terms of IM the who would be determined by what niche we are going after. The what is what strategy are we going to use in real estate, lease options, subject to, rehabs. As it applies to Internet marketing will we be doing affiliate marketing, CPA offers, or selling our own products. Finally the how is what medium will we use to market our products in services. Now of course if we are doing Internet marketing we will be using the Internet, but what IM strategy, ppc, seo, co-reg, jv ect.. In real estate it can be a combination of online and offline methods, which I believe you should be doing both to maximize your opportunities.

Now I know this may seem like a very simple and obvious concept, however it is one that is overlooked all the time. Just look at the number of people out there who may have 1 or 2 pieces of the puzzle figured out however they never accomplish what they set out to do, and it does not matter if its real estate or Internet marketing. If you do not have all the pieces of the puzzle its very difficult to achieve the desired outcome. We should all take time to make sure that we have a clear picture of what we want to accomplish and have the foundation laid out as clearly as possible, and that foundation starts out with the (Who, What, How).

Check out the illustration to help get my point across. You can CLICK HERE TO SEE STEPHEN SPEAK

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Happy Easter,

I wanted to take a short moment to share something with you that struck a chord with me today in Easter service. The preacher delivered a message that put emphasis on not only today which is the Day Jesus Christ rose from the dead, but also the 2 days leading up to this special day.

Now these two days are very significant because in order for Jesus to rise from the dead he had to endure the suffering, brutality, and persecution that preceded his death on Friday. He also had his faith tested on Saturday by allowing his suffering to continue even though HE KNEW his death was eminent.

He did these things because he knew his death had a purpose, and that in order for his purpose to be fulfilled all the pain and suffering had to be endured if our souls were to be saved. By Jesus dying on the cross for our sins, he gave us the opportunity for eternal life.

I know you maybe saying “Well Sam I already know this I do read the bible”, however this has a significant message for your life as well as mine. Through life we will have our own Fridays where we have been beaten up by life, or affected by tragedy that at times seems almost unbearable. Whether that be a major financial crisis or an unexpected ailment or even worse an expected death in the family.

When tragedy such as these happen our faith is being tested like never before. We may even question our own existence and purpose for living, and why are these things happening to me. You may say ” I’m a good person, I treat others well, I go to church and pay my tithes, I will do anything to help anybody, WHY ME”.

Certain things must happen in life that we don’t necessary want or like, and that’s because we are being prepared for the THIRD Day in our own lives, our own Easter Sunday {metaphorically speaking}. The day in our lives when we can look back and say It was all worth it. Every trial and tribulation, every obstacle, every financial crisis, the unexpected loss of love ones, everything that you have gone through to reach that THIRD Day in your life.

So the next time you have a FRIDAY just know you are being prepared for your SUNDAY. Have a blessed Easter and continue to always move forward no matter what your circumstances are.

Some real estate secrets are right out there in the open for everyone to see. The second secret below, for example, is simply to make low offers. Real estate agents and others will argue that you just waste everyone’s time because low offers just aren’t accepted, but common sense and experience say that they do sometimes work. Other secrets are not so obvious, as this first one demonstrates:

The Value Is In More Than The Property

Real estate prices are determined by the market. If buyers are paying $200,000 for similar homes in your area, that’s probably about what you’ll get, unless you make your property better in some way. If buyers will pay $10,000 more for a finished basement, for example, then it makes sense to finish that basement if the cost is say, $5,000. When you think “better” however, don’t limit your thinking to the property itself. How else can you raise the price?

You can raise your price by making the property easier to buy. This is one of the most overlooked real estate secrets. I once bought property for cash and sold it for 30% more a few weeks later simply because I sold it with easy payments. No cash? You might refinance your home to raise the cash. A $18,000 lot, for example, paid for with money borrowed on your home at 6%, might be sold for $24,000, with 9% interest, if you make the down payment and monthly payments low enough for the buyer.

The other way to make it easier for the buyer and so raise your price, is to sell on a lease-option. The buyer pays higher than normal rent, with part of that rent applying towards the down payment if he chooses to exercise his option to buy. The price is typically set according to what the house will be worth at the end of the option period (two years is common). With a non-refundable deposit or “option fee” and high rent, you do well whether or not the house is bought.

How much more can you ask when you make buying easy? It depends on a lot of factors, of course. Here is an example: a couple years ago, we wanted to sell a mobile home (with a lot) that we owned. Because these are difficult to finance, we figured we could get about $36,000 cash. We sold it for $45,000 however, by letting the buyer make a reasonable down payment and then making payments to us directly. We also are making thousands from the interest over the years.

The Secrets Of Low Offers

Making low offers can be a great way to get cheap real estate. But don’t expect to make a few really low offers and snag a great piece of real estate at half-price. Be realistic in your offering prices, and use this two-step plan to make this strategy effective:

1. Find sellers likely to accept a low offer.

2. Make a lot of offers.

Start by identifying “motivated sellers.” This can mean looking in areas that are temporarily slow markets, but primarily you are looking for sellers that need to or want to sell fast for some good reason. These reasons can range from needing to move for a job to just being tired of owning a rental.

Make a lot of offers. Most sellers – even motivated ones – will say no to an offer that is 15% to 20% below their asking price. This is what you’ll often have to aim for, though, if you intend to flip the property for a profit, because transaction costs (commissions, taxes, closing, etc.) can eat up 10% of the value. This strategy will annoy real estate agents, by the way, and may even embarrass you. That is the price you pay for getting a great deal.

On the other hand, if you don’t have a property in your hands by the time you’ve made 100 offers, you may be going too low on your offers, or targeting the wrong properties.

Counting Backwards

When doing fixer upper for a quick profit, you have to start at the end and figure backwards. The “end” is the sales price you are likely to get when you sell. Subtract all costs and your desired profit from this figure to determine how much you can offer.

For example, decide what a potential fixer-upper needs and then – with help if necessary – determine what it will sell for once you do the planned improvements and repairs. Let’s suppose that this is $225,000. Now you have to figure as carefully as you can what every single costs will be. These costs include buying costs, repair and improvement costs, utilities, taxes, interest on loans, sale’s commission, advertising costs, selling costs, and anything else you can think of.

All of those costs AND the profit you want for your effort have to be subtracted from the projected sales price. This is how you arrive at the maximum price you can offer. This procedure is often ignored by investors even though it is one of the simplest and most important real estate secrets.

What is a bank foreclosure?  Unless you have been hiding under a rock you already, know that the housing market in the United States has been falling in value, which is caused partly by the number of homes that are facing foreclosure.In many situation The borrowers of these loans for whatever reason failed to make their monthly payments as they had agreed to.  In turn, the bank, which held the mortgage on the home, was forced to take back the property in the hopes of selling it and getting out of the debt.This is precisely what a bank foreclosure is.It is a home that is owned by a bank that held a mortgage on a home in which the owner did not keep up with their monthly payments.

These homes are now on the market and being sold. There are many misconceptions about these homes and often people do not realize that they make a great investment.Here are three things you need to be aware of regarding these foreclosures.

1: Bank’s Sell For Less, Often

One of the key benefits of buying foreclosure homes is that the bank is often willing to sell the home fast even at a discounted price.Their business is not owning these homes and therefore they need and want to sell.Frequently, bank foreclosure homes will be sold below their appraised value.  What this means to the average lender is that the property is quite profitable to them.

2: Bank Owned Homes Aren’t A Mess

Many people feel that bank foreclosure properties are properties that are run down and beaten up.  In fact, they are homes just like any other you would walk into in the hopes of buying them.  The good news is that these bank owned properties are often in good condition.  Many offer a range of opportunity for low cost, without a lot of repair.With that said, you should realize that it is still necessary to invest in appraisals and home inspections to insure you understand the level of need the property presents.

3: Regular Home Loans Work

Another misconception people have about bank foreclosure is that these homes are being bought solely by the well heeled who can afford to fork over a great deal of cash.While some investors do this, most do not because it takes a bite out of their reserves.In addition, anyone can purchase a foreclosure with a standard home loan.

Bank foreclosure is not an appealing picture for many people, but for real estate investors, it can be an opportunity to get into a more affordable home quickly.

For more information please visit our Foreclosure Guide and our Loans Blog

More on Web 2.0 Real Estate Social Marketing

Real Estate Internet Marketing

This is the third video in the social marketing series. I promise you will love this video, if you have not watched any of the others, WATCH THIS ONE! Part 3 deviates somewhat just from social marketing as we do a live case study of a site that, I’m using a combination of social marketing and paid search to drive ridiculous amounts of traffic and generate highly qualified leads for my real estate business.
I go behind the scenes and show you rankings traffic stats, and the site that I’m using to run this campaign. So watch enjoy and learn, as always your feed back is appreciated. I want to know your honest opinion of the videos and their content. Please leave any comments or suggestions you have. Thanks!