Real Estate Blog – Condotron

Condos – Properties – Real Estate – Mortgages

12 Sep

Dealing With Real Estate Scams: 2

Posted in Investing, Money on 12.09.09

scam

Now that we have talked about some of the beginning stages of scamming, let’s talk about the scams themselves.  These are pretty easy to spot – if anything actually states that you are going to be able to get rich extremely fast and you will not have to put up any of your own money.  In the end, this sounds like the perfect deal – right?  However, when you do your research, you will have to put up money of your own, just not in the beginning.

That is the biggest thing that you have to remember, you always want to make sure that you are researching anything that you sign up for.  After all, it could get you in trouble in the end, which is something that you do not want.

Research is certainly something that will help you in the end, especially when it comes to real estate scams.

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11 Sep

Dealing With Real Estate Scams: 1

Posted in Investing, Money on 11.09.09

Real Estate Scams

Falling into a real estate scam is something that many, many people do not think about.  With all of the get-rich-quick scams out there, it is no wonder that people are constantly getting themselves into debt.  Have you ever seen the infomercials at night boasting that you get make millions with no investment at all?  Well, I am here to tell you a little bit about those.

One thing that you should know is that these infomercials can do a lot of harm to you in beginning.  In the beginning stages of investing, you really do not know what works and what doesn’t yet – however you will end up wasting hundreds of dollars on old information.

To be honest … this usually discourages people from investing and they miss out on real estate that truly can make them a lot of money.  Let me help and walk you through these scams!

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21 Jun

Zero Down Home Loans: What Are They?

Posted in Money, Real Estate on 21.06.09

nri-home-loansOwning your own home is something that everyone in the world dreams about – however, if you do not have the means to own your own home, you have to get a mortgage.  Understanding mortgages and how they work is something that is very difficult, however, there are many different loans that will allow you to put down 0% and that is exactly what we are going to explore right now.  Usually, zero down loans are extremely difficult to find, but with the way that the real estate market is panning out, lenders are willing to let you put zero down.

One thing that you need to know whenever you are trying to be considered for a home loan with 0% down is that you have to have good credit.  Actually, the better the credit score, the better off you are going to be, so you might want to check out your credit score before you try and get one of these home loans.

Finally, interest rates on zero down home loans are usually higher, so that is something that you need to take into consideration as well.  Also, how long the loan is going to last is usually longer – so think about these things whenever you are considering a home loan with zero down!

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30 Mar

Investing in Real Estate without Having to Put Money Down

Posted in Investing, Money, Property, Real Estate on 30.03.09

Investing in Real EstateThe current mortgage market is crazy and the market can be tough for investors. An investor might not have money for the down because of certain financial issues or encounters hurdles for financing approval. Despite this, investors can still get a property without draining their bank account.

Lease Option

Investors can negotiate to lease the property with an option to buy. It will appear like you are renting the property and this monthlies can be put towards a down payment. This option can allow investors to secure the property while they are short of funds or no funds at all for a down.

Owner Financing

When some buyers cannot get approve for a loan to buy a property, one way in is to go for owner financing. The owner of the property will take care of all the bank work instead of the buyer who may have poor credit score, bankruptcy, or late payments.

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