July 8th, 2011
Hello and Welcome to the ReiFax.com Webinar Training Archive for July 8th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:
- Q: Can you explain how to setup the contract writing feature?
- Q: Setting up the initials and signiture on the contract.
- Q: Is there an iphone or ipad app for reifax?
- Q: how can we find out the reo not in market yet
- Q: how can we find list of property with equity going on court step auction?
- Q: How to exprt list of owners to csv (excell format)
- Q: best reifax search to target motivated out of town owners
- Q: Print labels for the out of town owers you just demonstrated
- Q: When generating contracts how do I get ReiFax to save my different contract templates (i.e. REO, SS, FSBO, etc.?
- Q: is there a way to find how many properties got sold in a county (or city) for a particular period of time?
- Q: is there a way to find out how many properties got added “for sale” in a county or city for a particular period of time
- Q: When downloading from ReiFax (absentee owners, for example) the system will only pull up about 1,000 names at a time. After I put these in excel format and save, how do I get to the NEXT BATCH OF 1,000 NAMES???
| Filed Under: ReiFax Trainings Archive Tagged with Auction, Contract Writing, Contracts, Csv, Excell Format, Google, Hello, Initials, Ipad, Iphone, Labels, Period Of Time, Reo, Signiture, Ss, Subscribers, Target, Webinar |
Jun
17ReiFax Webinar Training – June 17th, 2011
Posted By: Ramon Rivas on June 17, 2011 at 11:53 amJune 17th, 2011
Hello and Welcome to the ReiFax.com Webinar Training Archive for June 17th, 2011. Here are some of the questions our subscribers asked in today’s training. Please watch the video to see the answer to all these questions and more:
- Q: Hello; how do I find properties with equity?
- Q: What do the probate, life estate, and my location buttons do for me? Thanks
- Q: review converting editable far bar to sealed without re-doing it. can I save it; correct it; and then SEAL it?
- Q: How do you find the properties going for sale on court step auction – with equity
- Q: Is there a way to find out the properties sold on court step sale
| Filed Under: ReiFax Trainings Archive Tagged with Auction, Google, Hello, Life Estate, Location Buttons, Probate, Subscribers, Webinar |
Oct
04Foreclosure Homes Auctions: Strategies For Success
Posted By: Ramon Rivas on October 4, 2010 at 8:54 amBy: Joseph B. Smith
One of the best times to invest in foreclosures is to take advantage of foreclosure homes auctions. These auctions provide many exciting opportunities for the buyer especially those who look forward to seeing a lot of different options from which to select their properties. When a defaulting borrower fails to make current his obligation to the bank or lender, the latter would then try to sell the property in a public sale in order to recover its money. Since banks would be aiming for a quick sale of these properties, it is not uncommon to find foreclosure homes that are truly priced way below their actual market values.
Strategize Your Entry
Of course, joining foreclosure homes auctions is not an easy task particularly to those who have yet to experience one. The good news is you can actually learn it in an easy manner and in a short time. By researching how an auction is conducted, one can have a good idea on how to participate. An auction is a special event that has its own set of rules that a participant must follow to be able to bid. It would be thus helpful if you know these rules so that you can conform to what is required in the event.
One good strategy is to attend an auction first without bidding. Your goal here is to primarily just observe how everything works in an auction. Observe the people, bidders, auctioneer, the bid amounts and the properties being sold. Interact with the bidders and subtly ask questions that may help you when your time comes to bid. It would be a good thing if you can do this at least three or four times before you join one yourself. In this way, you become familiar with the whole process and confident to bid on your own.
In addition, researching the properties before the conduct of foreclosure homes auctions is a good strategy. This means that you can build a list of properties that you are going to bid for based on the results of your research. In this way, you will avoid wasting time and opportunity at the bidding event itself. When you have a list of foreclosure homes that you are confident about, you will never have to worry about going home unsuccessful.About the Author
Joseph B. Smith has been educating buyers on the finer points of foreclosure homes auctions at Foreclosure-Auction.net for over five years. Contact Joseph B. Smith through Foreclosure-Auction.net if you need help finding information about foreclosure homes auctions.
(ArticlesBase SC #3379214)
Article Source: http://www.articlesbase.com/ – Foreclosure Homes Auctions: Strategies For Success
| Filed Under: Articles , Foreclosures Tagged with Advantage Homes, Amazon, Auction, Auctioneer, B Smith, Banks, Bid, Bidders, Find Homes, Foreclosure Auctions, foreclosure homes, Foreclosures, Market Values, Money, Obligation, Participant, Short Time |
If you are flipping a property, you need to find buyers fast in order to make money. You can find buyers quickly by meeting investors and other potential customers at local business events and auctions and by building online mailing lists that you can send to potential buyers.
House flipping is attractive because it allows you to start making money right away. You don’t have to rent out the property, take care of taxes and management costs for months or years, and you don’t have to wait around waiting for buyers. The idea behind flipping is that you buy distressed property, turn it around, and sell it quickly to someone as soon as the renovations are done. The trick, of course, is to find buyers who are willing to buy quickly. If you’re planning on flipping a house but cannot find a buyer quickly, the delay in selling will mean lost profits.
To sell your investment home quickly:
1) Visit auctions to meet other investors. Local foreclosure auctions are not only a great way to find your next investment property for refurbishing and reselling, but they’re also a great place to pass out your business cards to other investors. Collect the business cards of other investors at the auction in order to build an investor list that you can contact whenever you have a property to sell. This is especially important if you plan on house flipping fairly regularly.
2) Build an e-mail list. Once you have a number of business cards and e-mails of other investors, develop a mailing list and an e-mail list. This way, you can contact investors quickly whenever you are about to sell property. However, keep in mind that you cannot simply send unsolicited information to other people. Have investors sign up for your mail newsletter or your e-mail newsletter, and this way you can send information about your latest home in the latest issue of your newsletter. Use a double opt-in list for e-mail newsletters and e-mail discussion groups, especially, because anti-spam laws can be fairly strict. Also, be careful not to abuse your e-mail list or mailing list. If you send investors a lot of information that they are not interested in, they’ll not only opt out of the mailing lists and e-mail lists, but they will become annoyed and less likely to look carefully over your property opportunities. You may wish to divide your mailing lists into a few groups. For example, send your higher-end properties to those investors interested in higher-end homes, and send rental units to those investors interested in commercial properties. This way, each investor will get the information that they’re actually interested in using.
3) Join business groups in your area. Any meetings, events, or luncheons held by business groups in your area are a great networking opportunity that lets you meet potential investors and investors in your area. Plus, you will be meeting people who are not investors but are still interested in business. These people may still be interested in contacting you when they have a property that they need to sell quickly or hear of a property that is going up for sale. Just about anyone can refer business to you and can refer customers to you, so make friends with lots of business owners in your area.
4) Go online. The Internet has lots of discussion groups, message boards, and forums where you can meet other investors who might be interested in buying your properties. These are great resources if you are house flipping, since you can receive and send information fast.
foreclosure auctions always have two sides. They can either blow your budget or make you rich beyond your farthest dreams or even something in between. People might seem like innocent spectators at an auction. The hard truth is that they have all come for the same thing: to buy a piece of art, to buy a cool car, to buy a home or something else. When you buy something, it has to be good for you. You also need to know whether you are there with business purposes, or if you just enjoy buying special objects. In either case, you need to succeed.
Let’s say you’re representing a company. You need to buy that something at the best possible rate. As a company, how would you think optimally? Are you willing to use your company’s entire budget, just to buy what you need? Or will you try to buy something which will make you earn more money, and can you do that by spending as less as you can? Hopefully, you think about the last question, to buy a lot, and spend the minimal.
You have to think good and fast. You know what your budget is. You just calculate: if you’d buy a home or a building, you could spend maximally half of your budget. By acknowledging this, your success is almost guaranteed. Just one more thing you need to do is to be even smarter. If you know, that you have 3 very good homes, that you’d buy, don’t buy the first if it isn’t the best. Maybe, if you wait for the 3rd, and negotiate like a pro, you will get that estate at a very low price, so you’ll be happy for waiting just a a while longer.
If you have bought an estate, or maybe more (depending on your budget, the auction and the possibilities), and those are valuable ones, you are already on the road to success. The next, and last thing you’ll need, is to learn, how to make a good profit out of them.
On the other hand, you could be just a simple person. You have no employees and you’re on your own. When talking about someone, it could be an amateur or an investor. Amateurs just buy estates to suit the needs of themselves or their families. There are even those people, who, for instance, collect old cars. You could buy something, only because it’s your hobby.
What if you want to invest? Do you need to have a company? No, not really. Simple people can also make investments. Even more, if you’re smart, you can exceed a small company’s budget and/or profit.
A successful buyer only buys what he/she needs. Also, you need to ensure not to exceed the available budget. Furthermore, buyers look for the best quality at the best rates available.
Successful investors are successful buyers also. It’s just that they have an extra plan, and know how to invest. Investors need think in advance. They have to foresee every side of their own business plan, and make it work, so they will earn money (instead of loosing money). Buyers only lose money. Investors lose some money, but can earn it back hundred fold.
In order to succeed, you have to pay attention, to think economically, and to think fast. Ask yourself: Do I need that? Do I want to earn money? Do I have that kind of money available?
Analyze all the pros and cons and then make a wise decision. Success will surely follow you.
