BAP site syndication http://www.clydebrownhomes.com Sat, 04 Sep 2010 12:46:24 +0100 FeedCreator 1.7.2 http://www.clydebrownhomes.com/images/M_images/ http://www.clydebrownhomes.com BAP site syndication http://www.clydebrownhomes.com/investor-info/funding-your-flip-in-fremont-california.html 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 (http://www.clydebrownhomes.com/), 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. (http://www.clydebrownhomes.com/mls-search.html) Blog - Investor Info Fri, 14 May 2010 14:29:42 +0100 http://www.clydebrownhomes.com/investor-info/funding-your-flip-in-fremont-california.html http://www.clydebrownhomes.com/seller-info/dont-be-this-kind-of-fremont-home-sellers.html The Stalker Homeowner The stalker homeowner follows buyers into each room and stands there. Standing over a buyer makes them feel uneasy and makes them want to hurry on their way. The key is to point them in the direction then let them look. Give a short guided tour and point out anything that can easily be overlooked. Then tell them to feel free to open doors and closets and you'll be in the yard if they have any questions. The Never ending Talker Stop talking! Disclosure is necessary but prospective buyers do not need over explanation of each room and every decision you've made. If your appliances are more than 8 years old, there is really no need to point out the fact they may be a "brand name". They are just old to a buyer. Drawing attention to the name is only drawing attention to their age. If your kitchen and fixtures throughout the home are more than 10 years old...your home is dated. Like it or not, your home is going to need updates from the prospective of most buyers. Although you may be proud of the brass chandelier hanging above the entry, many buyers will be calculating costs to replace it. The Tattle Tail There is no need to point out the potential honey do list you have not had a chance to do. Once, I showed a FSBO home in Fremont and the owner had hardwood floors. Rather than just pointing out the hardwood, she went into detail of how they can be refinished. Then the buyers realized the floors really could use a refinish and that was more work to do. If it is not a disclosure situation, then do not point out what is so time consuming that you did not even tackle it prior to selling. If the buyer commented about the floor, that would be the opportunity to explain a possible solution. Clueless Fremont Homeowner Know Your STUFF. Know your energy bill averages. Know your neighborhood and amenities; know where parks and schools are located (you may not have children but a prospective buyer could). Know the basics of your home construction (year, energy features, foundation type, and furnace location/type). Know your property lines (if they are not clearly defined or perhaps they extend past what may appear to be the end). Sentimental Fremont Homeowner Buyers do not care that you paid so much money to paint the dining room green...chances are, they don't like it and plan to repaint. If you go on in detail about your decisions on what you have done to the home (or the garden you worked so hard to plant on the side yard) buyers feel guilty as they may have plans to turn your hard work into a RV driveway. Point out unique features that may go unnoticed then retreat to the front yard. Wait for them to ask questions and give them a SIMPLE answer. Be welcoming and polite, but they are not here to meet you. Clean out your personal belongings and pictures. It's hard enough that someone is living there, and that the person who does live there is offering a guided tour...but if on top of that all of your family pictures are everywhere. It will be hard for a buyer to imagine it to be their home. 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 (http://www.clydebrownhomes.com/), 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. (http://www.clydebrownhomes.com/mls-search.html) Blog - Seller Info Mon, 10 May 2010 20:10:30 +0100 http://www.clydebrownhomes.com/seller-info/dont-be-this-kind-of-fremont-home-sellers.html http://www.clydebrownhomes.com/investor-info/top-3-problems-profile.market2-beginner-investors-make-when-buying-foreclosures-in-profile.market2-as-discussed-by-profile.full-name.html 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 (http://www.clydebrownhomes.com/) 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. Blog - Investor Info Wed, 21 Apr 2010 12:48:15 +0100 http://www.clydebrownhomes.com/investor-info/top-3-problems-profile.market2-beginner-investors-make-when-buying-foreclosures-in-profile.market2-as-discussed-by-profile.full-name.html http://www.clydebrownhomes.com/buyer-info/5-tips-for-buying-property-in-profile.market2.html Buying a house can be both an exhilarating and stressful experience. In this article, we’ll go over 5 tips to help make buying property in a smoother and more pain free experience for you. By the end of this article, you’ll have a great idea of how to get started with buying your property. Tip #1 – Educate Yourself Buying a house is a big deal, especially if it’s your first time. You’re making a major emotional and financial move. It’s important to educate yourself as much as you possibly can. Some ways you can do that include talking to real estate professionals, reading books and doing your research on the internet. Tip #2 – Get Professional Help According to Consumer Reports, buyers who used a real estate agent generally saved at least $5000 when compared to buyers who didn’t use a real estate agent. Paying 6% of your selling price to a real estate agent can seem like a painful blow. However, research has shown again and again that in the long run, you save money by working with a professional. Given the current market, that’s especially true in the market. They what to look for, what to warn you about, how to negotiate and a whole lot more. Why risk it with something as important as your home? Tip #3 – Educate Yourself about the Loans One area that buyers are often under educated in is loans. What are the different types of loans available? What are the pros, cons, risks and benefits of each type of loan? Understanding your loan is equivalent to understanding your financial future. Make sure you do your research beforehand so you can make an educated decision on what type of loan you want to get. Tip #4 – Take Your Time and Look at a Lot of Properties Although it’s great to “fall in love” with the house of your choice when you first see it, it’s also important to shop around and make sure that the property you’re looking at is really the one you want. There’s a wide variety of options in , so make sure you’ve picked the right one before you move forward with it. Realize that it’s very hard to go back on an offer or a purchase. The last thing you want is a nagging feeling of doubt about whether or not you made the right choice. Do yourself a favor and do a thorough survey of your area before making your decision. Tip #5 - Take Notes Buying a home can be a period of highly accelerated education. It’s important to take notes, both to help you cement your learning in the moment, as well as to ensure you have an easy way to refresh yourself on what you learned in the future. When you’re looking at properties, it’s also important to take notes. If you see five houses a day for two or three days a week, the houses can quickly blend together. You might have trouble remembering which impression went with which house. Taking detailed notes can help you avoid this pitfall. Finishing Up These five tips should put you ahead of most home buyers out there. Continue to educate yourself and learn more about the buying process so you can make an educated purchase. 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. (mls-search.html) Blog - Buyer Info Wed, 21 Apr 2010 12:41:33 +0100 http://www.clydebrownhomes.com/buyer-info/5-tips-for-buying-property-in-profile.market2.html http://www.clydebrownhomes.com/seller-info/how-much-will-you-make-on-the-sale-of-your-property.html Most people look to comps in their area to come up with the listing price for their property. This is logical, but you also have to focus on the bottom line. It happens more often than you might imagine. A homeowner decides to sell and goes about figuring the best price to sell. They may set a price off of the cuff or do some research to ascertain the best price that will result in a sale within a specific time period. What many do not take into account, however, is the ultimate amount they will get from the property. This can lead to brutal surprises when the ultimate amount is much less than expected - a concept known as seller's remorse. In reality, the decision to sell your property should only be made after determining what you can objectively get out of it. Most people, however, tend to eyeball this amount. If you have a lot of equity in the property, it really is not an issue. If you don't, you better start calculating or you could be in for a bad shock. The first place to start is the estimated price you will sell for minus the outstanding balance on your mortgage. This gives you a rough estimate of your equity, but should not be relied upon as the final cash out figure. Instead, you have to sit down and start calculating the other costs such as: 1. Mortgage pre-payment penalties, 2. Property taxes for the portion of the relevant year in which you are selling. 3. Any costs associated with repairs to the property to get it in shape to sell. 4. Incidental costs associated with the sale as agreed to in the purchase agreement with the buyer. Items can include title insurance premiums, recording fees, inspection fees, warranty insurance, escrow fees and so on. One area people completely forget to factor in is, ironically, the biggest expense. If you use a real estate agent, you are going to pay a significant commission. A typical 6 percent commission on the sale of a $300,000 home is $18,000. More and more sellers are bypassing this by selling their properties without agents, which makes sense given the money involved. Even though you can save on the fees of having an agent, it will also cause a lot more work for yourself and a headache of dealing with unreasonable buyers. Deciding to sell without a Realtor can add other fees to your cost, paying for marketing exposure to get the word out that your home is for sale. Also homes sold without Realtors usually sell for 8%-15% less. So since most people hire a real estate agent, knowing about the fees they take is very important. Most good agents will prepare for you a net sheet to give you an estimate of your bottom line. Regardless, you need to ascertain how you will sell the home and the relevant cost of doing so as part of your overall calculation. There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate (http://www.clydebrownhomes.com/) market. If you are considering buying or selling property, planning to relocate, looking for East Bay Area homes for sale, or looking for any other information about real estate in the East Bay, 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. (http://www.clydebrownhomes.com/mls-search.html) Making the decision to sell is an emotional one. It should, however, also include a hard, cold look at the financials involved and whether doing so makes sense. Blog - Seller Info Mon, 22 Mar 2010 13:54:34 +0100 http://www.clydebrownhomes.com/seller-info/how-much-will-you-make-on-the-sale-of-your-property.html