Sep
28
How To Find Potential Cash Buyers in Minutes
Posted By: Ramon Rivas on September 28, 2010 at 3:58 pmHow To Find Potential Cash Buyers in Minutes
If you liked the video, a quick comment down below is greatly appreciated. Thanks for watching!
Finding buyers is essential for a Real Estate business. It is equally as important as finding the deals. Recently, I’ve been asked by many people if Xima can be used to generate a list of buyers, so I decided to shoot a video explaining how to find potential cash buyers using Xima.
I want to thank you for taking time to review this information. Please send me a quick comment below, I want to know your opinion about the article. Also, you can always subscribe to receive updates when articles like this are published.
Xima USA provides the best and most accurate foreclosure and pre-foreclosure information, data, and statistics available, making it a valuable resource to invest wisely Xima USA offers you everything you need to profit from foreclosure investing. It is your one stop destination to search for foreclosed homes, foreclosures Florida, properties with positive equity, short sale, pre-foreclosures or distressed homes. It creates comprehensive property comparison reports in a specific area, giving you a very powerful tool when making or negotiating an offer. XimaUSA is mainly geared towards real estate brokers and investors, and the main purpose is to identify the best investment properties. You are able to search for properties with 30%, 40%, or even 50% equity, and identify possible short sales. You can also identify distressed sellers and FSBOs, so you may easily get those hot listings.
All this information is collected from many different sources and presented to you in one place, in a very easy format. This will give you the ability to get MLS listings information, public records, mortgage, pre-foreclosure and foreclosure details, you can get comparables of active listings, closed sales and rentals. Best of all, you can customize and print reports, mailing lists and labels for easy mailings.
If you are viewing this post from a feed reader and cannot see the video,
please click here to be directed to the website and play the video
Sep
10Buy Investment Property Without Seeing It
Posted By: Ramon Rivas on September 10, 2010 at 4:39 pmWhy would you buy investment property without seeing it? It’s a numbers game. Whether or not you see the property before you make an offer isn’t nearly as important as making sure the numbers make sense.
A man in California used to just send out offers on a hundred MLS listings at a time, offering 25% less than the asking price on each one. Occasionally a few sellers would accept his offers. He never had to look at the homes beforehand. Including an “inspection and approval” clause in the offer meant he could always back out of the deal later when he saw the house. Meanwhile, he efficiently found the truly motivated sellers.
This true story demonstrates that with a good clause or two in the contract, you don’t have to worry about making an offer before you see a property. It’s true when you buy investment property or your next home. When it isn’t everything the seller says it is, you can reject the deal with little or no loss. So why wouldn’t you want to look at the property?
Buy Investment Property By Numbers
The main reason you might skip looking at a property before making an offer is time. This is certainly true if the property is far away. If you don’t get a price that makes sense, why spend your time traveling to look at real estate investments? A price and terms that make sense – this is what is important. Of course you’ll probably want to look at the actual property eventually, but looking at the numbers is how you invest.
Investors value income property according to current cash flow (or should if they want safe and viable investments), so start by verifying income. Get the actual income figures for the past 12 months. Always consider the potential income if rents are raised, vending machines are added, etc., but base your offer on the current income.
Verify all expenses with investment properties. If any expenses listed by the seller seem unusually low, they most likely are. Just substitute your own best guess in place of any suspicious numbers.
After you determine the net operating income, apply the appropriate capitalization rate to arrive at the value. If you’re not sure how to do this, get help. However, you really should understand the principle of how to figure a cap rate. This is a numbers game you’re playing.
Calculate loan payments (talk to your banker), and see how much cash flow you’ll have. Then you can figure your cash-on-cash return based on how much of your own money you put into the deal. Just divide the cash flow by your investment.
When the numbers work, you can safely make an offer. Inspections will tell you if there are problems that will affect the cash flow. You can always renegotiate if there are such problems (assuming you made your approval of all inspections a contingency of the offer). Of course, you can even go take a look now that you are truly ready to buy that investment property.
September 3rd, 2010
Hello and Welcome to Xima’s Webinar Training Archive for September 3rd, 2010. 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 I search by lien/mortgage holder (e.g. all SFR in Miami Beach with x amount of equity and mortgage with chase bank)
- Q: Can you select 2 specific houses and compare them to each other? Can you pull up a single house get specific info and run a BPO for it?
- Q: It does but more specifically….can I enter a specific address, get comps and do BPO? I am doing driving for dollars and want to compare/BPO a specific addresses. Thanks,
- Q: what’s the best way to check if the phone is in the do not call list?
- Q: Hi, I’d like to ask why every single time that I log in is telling me there is a previous session running?
- Q: what’s the best way to find REO’s that’s been in the market forever, from the older to the newest one.
- Q: is there a way to see the MLS history listing of a property?
- Q: what does the letter ‘A’ means under for sale column? (A = active, meaning listed in the mls?)
- Q: is there a way to have a template for the Comparables Screen ?
- Q: I found ths property that does not get any comparables “12630 COUNTRY CLUB LN”. Is this correct? can you elaborate what may cause this situation in the system? (Our criteria was 1) Zip =33167 2) Foreclosed 3)For Sale = yes)
- Q: is there a way to filter a property search so only the out-of-state owners are listed?
- Q: What does BPO stands for?
- Q: Does Xima provides additional information to Realtors?
- Q: Is there a tutorial on the BPO report?
- Q: Why are some MLS listings not listed on Xima
- Q: How do I do a search about an area of homes with recent sales of 750 K of more
- Q: How soon is information about price, available after a closing occur
- Q: What is the best way to compare and contrast a good investment on a house using the tools?
- Q: What is the best way to contact the homeowner to discuss a possible purchase?
| Filed Under: ReiFax Trainings Archive Tagged with BPO, Chase Bank, Driving For Dollars, Google, Hello, Ln, Miami Beach, Mls History, Mls Listings, Mortgage Holder, Property Search, Realtors, Reo, September 3rd, Sfr, Subscribers, Webinar |
Aug
18Feature Select Listings on Your Free Agent Instant Money Making Site
Posted By: Ramon Rivas on August 18, 2010 at 2:56 pmFeature Select Listings on Your Free Agent Instant Money Making Site
If you liked the video, a quick comment down below is greatly appreciated. Thanks for watching!
In this video, I show you how to feature the best listings in your area on your Free Agent Instant Money Making Website regardless of how’s the listing agent. Once customers see the one they like, they will contact you directly and you can represent them as their agent.
If you haven’t register for your FREE site yet, the go and
Register NOW FREE!!!
I hope you enjoy the video and subscribe to our database to receive a notice every time we release a new video tip.
Xima USA provides the best and most accurate foreclosure and pre-foreclosure information, data, and statistics available, making it a valuable resource to invest wisely Xima USA offers you everything you need to profit from foreclosure investing. It is your one stop destination to search for foreclosed homes, foreclosures Florida, properties with positive equity, short sale, pre-foreclosures or distressed homes. It creates comprehensive property comparison reports in a specific area, giving you a very powerful tool when making or negotiating an offer. XimaUSA is mainly geared towards real estate brokers and investors, and the main purpose is to identify the best investment properties. You are able to search for properties with 30%, 40%, or even 50% equity, and identify possible short sales. You can also identify distressed sellers and FSBOs, so you may easily get those hot listings.
All this information is collected from many different sources and presented to you in one place, in a very easy format. This will give you the ability to get MLS listings information, public records, mortgage, pre-foreclosure and foreclosure details, you can get comparables of active listings, closed sales and rentals. Best of all, you can customize and print reports, mailing lists and labels for easy mailings.
If you are viewing this post from a feed reader and cannot see the video,
please click here to be directed to the website and play the video
Aug
12How to Forward and Mask a Domain for your Agent Instant Money Making Site
Posted By: Ramon Rivas on August 12, 2010 at 6:49 amHow to Forward and Mask a Domain for your Agent Instant Money Making Site
If you liked the video, a quick comment down below is greatly appreciated. Thanks for watching!
In this video, I show you how to buy your own personal domain name name and forward it and mask it to your Xima Agent Instant Money Making Site so taht your customers can get easier to your FREE site
If you haven’t register for your FREE site yet, the go and
Register NOW FREE!!!
I hope you enjoy the video and subscribe to our database to receive a notice every time we release a new video tip.
Xima USA provides the best and most accurate foreclosure and pre-foreclosure information, data, and statistics available, making it a valuable resource to invest wisely Xima USA offers you everything you need to profit from foreclosure investing. It is your one stop destination to search for foreclosed homes, foreclosures Florida, properties with positive equity, short sale, pre-foreclosures or distressed homes. It creates comprehensive property comparison reports in a specific area, giving you a very powerful tool when making or negotiating an offer. XimaUSA is mainly geared towards real estate brokers and investors, and the main purpose is to identify the best investment properties. You are able to search for properties with 30%, 40%, or even 50% equity, and identify possible short sales. You can also identify distressed sellers and FSBOs, so you may easily get those hot listings.
All this information is collected from many different sources and presented to you in one place, in a very easy format. This will give you the ability to get MLS listings information, public records, mortgage, pre-foreclosure and foreclosure details, you can get comparables of active listings, closed sales and rentals. Best of all, you can customize and print reports, mailing lists and labels for easy mailings.
If you are viewing this post from a feed reader and cannot see the video,
please click here to be directed to the website and play the video
