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Fremont Real Estate Flipping Basics | Print |

You see a lot of articles and books about how to make money "Fremont real estate flipping." Perhaps you're heard radio or television news reports about the illegalities of flipping Fremont real estate. Maybe you've seen the late-night infomercials promising you easy overnight fortunes.

What's the truth about making money flipping Fremont real estate?

First, Fremont real estate flipping isn't illegal. Because some dishonest Fremont real estate investors conspired with deceitful mortgage brokers and property appraisers, their stories made "good news" for newscasters who love to grab attention with "Investors Scam Banks and Bilk Buyers out of Millions!" sound bites. True, some investors defraud mortgage lenders and/or desperate home buyers. Cheating investors hyped up property values, helped home buyers tell untruths on mortgage applications, and conned banks and buyers.

On the other hand, ethical Fremont real estate investors make a lot of money real estate flipping. There are many ways to make money flipping Fremont real estate:

1.  You can help home sellers in foreclosure save their credit by arranging a sale of the property and never even take title. In other words, buy the property and double-escrow the property to a home buyer who wants to live in the home.

2.  Find a seller under stress with a bargain property, secure a sales contract, and sell your contract for roughly $500 to $5,000 to a seasoned Fremont real estate investor without financing or taking title.

3.  Buy a fixer for a bargain price, fix up the property, and sell for full market price.

You can make money flipping Fremont real estate without being dishonest or unethical. But first, you need to:

1.         Get your credit in order to finance quickly.

2.         Study your location so you know what properties sell for.

3.         Learn how to negotiate with Fremont sellers under stress.

4.         Find a good Fremont closing agent.

5.         Learn how to fix houses or find good professional help.

6.         Learn how to sell your property or find a great Fremont listing agent.

Before you jump into flipping Fremont real estate, do your homework. Copy other successful Fremont real estate investors who make money flipping the honest way

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 

 
Fremont Rental Property Income - How To Increase It | Print |

You may think that to raise your Fremont rental property income you can just raise rents. However, you can't just raise the rents arbitrarily, because if tenants leave, income goes down, not up. Fortunately, there are other ways, including the ones listed below.

 1. Consider raising the rent. We did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below- Fremont market rates?

 2. Charge rent for extra parking space if available. I got tired of a renter's extra car, so I just started charging a weekly fee. Then I didn't mind so much.

 3. Charge and enforce late fees. It's perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don't even mind - they just don't look at these things the same way as others. But you must always enforce the late fees.

 4. Storage shed rentals. If your Fremont property is small, your renters may need a place to store their things. Don't let them spend their money elsewhere. Put a sheds on the property and charge rent for it.

 5. If you own a multiple unit property install coin-operated washing machines. If you don't have the money to do this yourself, you can find a company that will install them for you, and share the income with you.

 6. Sell on a rent-to-own contract. Typically, there's a non-refundable deposit, and higher than market rents in these deals. When renters/buyers change their minds about buying, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.

 7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share of the income.

8. Offer improvements for rent increases. If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.

9. Reduce your expenses. List every expense of your rental properties, and look at them one at a time. How can you reduce them? Every cost cut goes straight to the bottom line of your rental property income.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 
Do you own Fremont rental property? New Rules Require Rental Property Owners to Issue 1099s | Print |

Do you own Fremont rental property? Are you aware of the new Internal Revenue Service requirement that you are required to send an IRS form 1099 to any vendor to whom you paid a minimum of $600 during the year. While investors with a large number of rental units have been required all along to issue 1099s, the Small Business Mobs Act of 2010 (HR 5297) was expanded to include all property owners no matter how small.

If you own rental property in Fremont or any were else you now are legally obligated to obtain certain information from your vendors – name, address, Social Security or Tax ID number – and report the amount paid to the IRS. The requirement takes effect with the 2011 tax year so begin gathering the information now to make things easier at year end – and to be sure you have all the relevant information should a vendor leave the area, change phone numbers, etc.

This requirement applies to all independent contractors/workers such as plumbers, electricians, handymen, gardeners, accountants – basically all service providers who provide a service in relation to the rental property you own. $600 triggers the requirement even if it is cumulative over several contracts – say $400 for one job, $350 for another and $200 for another for a total of $950 to that vendor. You would need to provide a 1099 at year end.

Exceptions

The law provides exceptions for individuals who can show that the requirement will create a hardship for them. The IRS is directed to issue regulations on this, but has not done so yet, so there is currently no guidance on what constitutes sufficient hardship to qualify for the exception or how a taxpayer would demonstrate that hardship.

The law also contains an exception for individuals who receive rental income of “not more than a minimal amount.” Again, the IRS is directed to issue regulations to determine what constitutes “not more than a minimal amount” but has not done so yet.

If such guidance is not forthcoming before Jan.1, all individuals who receive rental income should start keeping records of payments to service providers so they are prepared to issue 1099s in 2012.

The law also contains an exception for members of the military or employees of the intelligence community if substantially all their rental income comes from renting their principal residence on a temporary basis.

Information Return Penalties

Taxpayers should also be aware that in addition to creating a new reporting requirement, the act increases the penalties for failure to file a correct information return. The first-tier penalty increases from $15 to $30; the second-tier penalty increases from $30 to $60; and the third-tier penalty increases from $50 to $100. For small business filers (with average annual gross receipts under $5 million), the calendar-year maximum increases from $25,000 to $75,000 for the first-tier penalty; from $50,000 to $200,000 for the second-tier penalty; and from $100,000 to $500,000 for the third-tier penalty. The minimum penalty for each failure due to intentional disregard increases from $100 to $250.

Since it is now early 2011, it is a good time to make sure your systems and records are in place to allow you to collect the necessary information throughout the year to enable you to complete the forms at year end in a timely manner. For free property managment software to help with your rental property you can go to my website www.ClydeBrownHomes.com and click on the investor tab and get a free program to manage all your rental units and tenants.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 
Make Sure That You Go Shopping by real estate expert Clyde Brown | Print |

Make Sure That You Go Shopping by real estate expert Clyde Brown

When you are purchasing insurance for your investment properties in , you may do what a lot of other investors do and make a quick trip to the insurance agent in that also handles your car and your house insurance. Sometimes, this may not be the best move.

The best thing for you to do is to get three or four quotes based on what you need and what you are wanting. Now of course, you do want to get one of those quotes from your home insurance agent in , but don’t feel obligated to purchase the insurance for your property in from that agent. It may not always be the best option. Again, make sure that you shop around and get those quotes. Once you have those quotes, make sure that you don’t immediately purchase the lowest insurance rate offered. There are some other factors that you want to consider.

Look at some things like their service, the financial stability, and their performance record that you can get from the state. When you look at the performance record, you are looking to see how they paid out any claims. Look online. There are some insurance web sites that you can go to that will get you several different rates on that one site.

Now this may seem as if it is way over your head. However, the fact that you can save yourself some money, as well as protect some of your most important assets, you will soon learn that if you take the time to know what you have and what is available to you, then you may save yourself thousands of dollars in the long run. So write down your questions, and go and visit several different insurance agents in . The more information that you have, the better you will be able to make some wise decisions concerning your investment properties.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 

 
Clyde Brown's Step by Guide to Investing in for Beginning Investors | Print |

It seems almost everyone in wants to go into real estate investing. After all, you can work very few hours and reap amazing profits. But getting started as a real estate investor in the market can be difficult. This article will help give you some tools to get you through the initial learning curve so you can start doing profitable investment deals today.

Step #1 - Have the Right Mindset

The most important mindset to have as a beginning investor is the mindset to learn. So many investors come into the market with the mentality that they want to hit a home run on their first deal.

The reality is, you'll probably make mistakes. Often times you'll still be profitable anyway, but sometimes you will lose money. But every experience is a valuable experience, because it will get you further along your path of being a profitable real estate investor.

Step #2 - Form Valuable Contacts

There are several key people you should meet in the when you're beginning your investing career.

A good real estate assessor and a good real estate inspector are both important contacts to make.

You should also find yourself a good accountant and a very good real estate agent. You might also want to find yourself a good real estate lawyer.

If you can find a mentor to guide you through your first few investment deals, that mentor's help will pay off graciously.

Step #3 - Do Very Careful Research

For your first property, do very very careful research. Look over all your numbers twice to make sure you can afford the property and that it will be a sound investment.

Make sure to double check all your utility bills, factor in vacancies and maintenance for rental units, and to give yourself some padding just in case something goes wrong.

Remember it's better to pass on a deal than it is to take a deal you're not sure about.

Thank you for taking the time to read the information I have made available to you. This information is brought to you by your Fremont real estate expert Clyde Brown.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 

 
Funding Your Flip In Fremont, California | Print |

 

 

Often times investing in Fremont real estate can be expensive. You need the money to purchase the Fremont property you plan on flipping and money to make improvements, repairs, and renovations that are needed on the invested property. The hardest thing in the flipping of real estate in the Fremont market is finding support from lenders to back the investment you will be making in the near future.

For you, the investor, this means a large part of the expenses in your investment will have to come from yourself or you need to find another source of financing for your house flip. A general rule in flipping house is the less you pay in interest to purchase the house, the more money the real estate will profit. Another rule of thumb is to not ruin your credit and max out credit cards in the process of flipping a house. Also, do not be tricked by merchant accounts. These accounts still leave the investor in a debt but some will give a credit 90 days same as cash. This can be a great tool if you plan on having the house flipped in under 90 days. The best case scenario is that you have the money to front the flipped house and the risk of your investment will be lowered. That is in a perfect world and is very unlikely in the field of flipping houses in Fremont.

Cashing out your retirement funds is an extremely risky route to take when beginning flipping houses (especially when nearing retirement). There are many downsides to this risk including the hefty penalties you will pay for extracting this money and the loss of the retirement security that is available. However, if you are in a predicament while in a flip, this might be a viable resource to explore. If the flip is successful the money can be returned to your accounts or reinvested and the profits can be saved for future flips or investments in other real estate's available.

Another possible source of income for a flip with high risk is taking a second mortgage on your home. This is not an ideal method of funding and you are risking the security of your family by doing this. Through a flip everyone involved should be kept up to date on these important decisions. This is extremely risky because of your lack of experience in flipping houses and due to the fragile nature of the real estate market. Your house could sit idle for months meaning money out of your pocket.

Finding a partner is a way to share risks and help to lighten any problems when starting flipping houses. Due to the nature of the stressful business in flipping real estate, partners should be chosen very closely. Close friendships might not make a good relationship in the partnership you are searching for. Friendships can be tested in the high stress atmosphere of flipping homes and you must decide if you are ultimately willing to risk the friendship for the possible profits. When finding a partnership you need to fully discuss the type of financial and labor investment each partner should be prepared to bring, as well as the possible profits expected by the individuals.

In most cases banks usually fund a portion of the property cost of the Fremont real estate if the investors can propose a down payment and have a well planned business implementation plans. If you have poor credit, lack a business plan, or do not have a considerable amount of funds set aside for a down payment do not rely on the bank to support your investments.

Thank you for taking the time to read the information I have made available to you.  If you are considering buying or selling property, planning to relocate, looking for Fremont homes for sale, or looking for any other information about real estate in the Fremont real estate market, or the surrounding areas, please visit the most complete website dedicated to everything real estate related www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Bay Area Realtor, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. For all your East Bay cities needs including Fremont, Newark, Union City, Hayward, Oakland, Santa Clara, Milpitas, Dublin, Livermore, Pleasanton, and San Ramon. Clyde Brown Legacy Real Estate & Associates.

 

 

 
Top 3 Problems Beginner Investors Make when buying Foreclosures in , as Discussed by Clyde Brown | Print |

Top 3 Problems Investors Make when Buying Foreclosures, by Investing Expert Clyde Brown


Many people think that foreclosures make great investments for investors in real estate. Although that's a fact, they are not safe investments as you can still loose much money. In this article, we'll go 3 of the most common pitfalls investors make, so you can avoid these mistakes if you decide to invest in foreclosures.

Pitfall #1 - "All Foreclosures are Good Deals"


This simply isn't true. The condition of homes that have gone through foreclosure is not usually good. Because of this, the government and banks will often give large discounts on a property's price. Even with the considerations in mind, the property may not be an ideal investment.

The only investors believing that all foreclosures are good deals are the beginners. With experience you learn that locating an excellent foreclosure property requires some effort and patience.

Pitfall #2 - "You can make millions by flipping"

We've heard of people making millions by buying fixer uppers and then flipping them. Even though this is a very profitable model, it also has its pitfalls.

First time investors delve into the fixer market with little knowledge regarding what they are getting into. You aren't ready for a fixer upper unless you are able to predict the cost of repairs, how much you'll eventually be able to sell the the property for, and then work backwards in order to determine a profitable initial price.

Some money making deals can be accomplished without a lot of experience. For a beginning investor, it's usually better to start with those deals.

Good research is a key component to being profitable in the foreclosure market.

Pitfall #3 - "Not Performing Good Research"

It's important to know what the fair market value of the property you own. Do your research regarding construction going on in the vicinity as well as the crime rate.

Also, don't forget to have your home inspected. Before you bid on any properties at an auction, make sure you've actually been inside all the homes you're looking to bid on.

These are just three common pitfalls which investors tend to fall into. You'll set yourself ahead of most beginning foreclosure investors in,by avoiding these pitfalls.

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.

 

 
Short Sales | Print |

So You're Looking for Fremont Short Sales

 


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You will likely come across dozens of Fremont properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.”

Last Updated ( Saturday, 13 June 2009 )
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Pre Screened Deals! | Print |

Get Access to the Absolute Best Buys in Fremont

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When you are buying a home, having current and accurate knowledge of homes are listed for is important. Our best buy service enables you to get priority access to the hottest new listings so you can beat out other buyers and negotiate to get the most home for the least amount of money.

Here is how it works. Every week we research  all new Listings from every real estate company, all For Sale By Owners, Foreclosures, Builder closeouts and Bank Owned Properties and find the "3" absolute best buys for the dollar in the areas mentioned above in 3 different price ranges. We thouroughly review each and every one of these homes and print out a "hotlist" which we provide as a public service, free of charge, and without obligation.

If you are considering buying a home within the next 90 days in one of these areas you should definitely register to receive your free list of  "Best Buys Hotlist For Investors" in your specific price range and desired location.

The "Best Buys Hotlist" service will help you identify the "three-best-buys" on the market right now that match YOUR requirements. Remember, this is a FREE service that will save you time and the hassle of running around looking for properties like these.

Simply fill out the form below and click on the "Submit" button.


Last Updated ( Saturday, 13 June 2009 )
 
Investors | Print |


Searching For Your Next Investment in Fremont?



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Whether your are brand new to the world of Fremont Area Real Estate Investments or an avid Investor we can get you well on your way to finding what you're looking for!

We believe that giving you the information you need without all the "hoopla" will ultimately get you your goals and will hopefully give us a life long friend.



If you are interested in learning more about the Legacy Real Estate & Associates  exclusive "Investors Inner Circle" please fill out the form below.  We'll send you information on our services and get started in finding you the Investment(s) you have been searching for! We KNOW where the best deals are!



Last Updated ( Saturday, 13 June 2009 )
 

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