"Sometimes I wonder if men and women really suit each other. Perhaps they should live next door and just visit now and then."Katharine Hepburn
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Investing vs. Trading: Who Cares Anyway?
The mutual fund industry requires customers that buy their funds and never sell them. So naturally, they disseminate a lot of editorial decrying any trading, market-timing or re-allocating that includes selling their mutual funds. This non-selling concept ...
Is it true that regular index investing performs good result with low risk?
There are many mutual funds and ETF on the market. But only a few performs results as good as s&p 500 or better. Well known that s&p 500 performs good results in long terms. But how can we convert these good results into money? We can buy index fund ...
Using Sector Funds to Construct Diversified Mutual Fund Portfolios
'Sector funds are too risky.' 'I doubled my money with Fidelity Select Technology in 12 months!' 'Avoid sector funds.' If all of this sounds confusing, you are not alone. Sector funds are among the more misused and misunderstood investments. So, how ...
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1. Search on the world wide web for distressed or foreclosed properties as a starting point. Use a professional REALTOR to identify great foreclosure deals for you. You may be successful at searching the web on your own, but keep in mind some of the information is outdated, some may be incorrect, and some of the available properties are not even listed. A REALTOR subscribes to updated MLS listings and can offer you the most current information available.
2. If you search yourself for distressed properties and purchase from the selling agent, you are paying a commission to someone with a vested interest. Obtain objectivity in the sale by working with your own REALTOR. You won't pay any more. Technically, everyone works for the seller, since they pay the commission.
3. With distressed or foreclosed properties, time is of the essence. Purchasers must close on the date specified by the agency, and cannot close after this without penalties of $25-200 per day.
4. It takes 1-3 weeks to qualify a loan. If you are approved for a loan, make sure you are qualified by your lender as soon as possible. If you are paying by cash, make certain funds are available. If finances are in order, the REALTOR will then submit an offer. When the offer is accepted by both seller and buyer, the REALTOR will submit the ratified contract to the lender and closing agent. These steps will begin the process of a successful real estate transaction.
5. When purchasing a distressed property, always obtain 3-4 bids from different contractors to estimate costs of repairs, if you do not plan on doing the work yourself.
6. If you are going to sell the property after rehabilitating it, ask your REALTOR to research similar properties in the neighborhood to ascertain market price.
7. Keep copious records for tax deductions. Any expenses related to the purchase, repair, or maintenance of the property may qualify. Meticulous records are key to a profitable real estate venture.
8. The title you receive after purchasing a distressed or foreclosed property is a special warranty deed rather than a general warranty deed. Some buyers are alarmed by this, but there is no need to worry. The purchase of title insurance protects the buyer. Each lender purchases insurance to protect the loan as well. Titling insurance should be obtained by the property purchaser. It is always offered by the closing agent. Consider using an attorney instead of a titling company as your closing agent. An attorney is only $50-75 more than a titling company. A real estate attorney can remedy any situation that may arise. Therefore, they are more efficient representatives on time sensitive foreclosure properties.
9. Foreclosure properties require special addendums and special contracts by the individual bank and HUD office (where applicable).
10. Foreclosure properties are potentially the most profitable, but require the most attention to detail. A REALTOR experienced in foreclosure deals is highly desirable because the paperwork must be in order to submit a proper bid, and timeliness is critical.
Elaine VonCannon is a REALTOR with RE/Max Capital in Williamsburg, Virginia, and she manages investment property as part of her business. Her husband Joe is a contractor who collaborates with her on rehabilitation of properties. She has helped numerous clients invest in and make money on property investments in Southeastern Virginia.
vonmor1@cox.net
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 Invesco PowerShares Lists Actively Managed U.S. Real Estate Fund on ... - Earthtimes
CHICAGO, IL -- 11/20/08 -- Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs), announced the PowerShares Active U.S. Real Estate Fund began trading today on the NYSE Arca under the ticker symbol (NYSE: PSR ...
MetLife Announces Two Tactical Exchange-Traded Fund Asset Allocation ... - PR Inside
MetLife, a leading provider of insurance and financial services, announces that State Street Global Advisors (SSgA) the investment management arm of State Street Corporation (NYSE: STT) and the largest institutional fund manager in the world¹, will ...
Investing in Housing (Without Buying a House) - US News and World Report
Is it possible to be a real estate investor even though you don't own any real estate ? Sure thing, says Sam Masucci, president and CEO of MacroMarkets, an exchange-traded fund manager cofounded by housing expert Robert Shiller . By purchasing ...
Mike Register - Bleacherreport.com
Mike does not have any lineup writers. I am a soon-to-be graduated Finance major at the Eller College of Management at the University of Arizona. My passions include football (college and pro), investing, and poker. I have had two football-related ...
La Vergne distribution operation moving to Murfreesboro - Nashville Tennessean
It will move into a 275,000-square-foot space at 3263 Elam Farms Parkway during the first quarter of 2009. The company is investing $14.5 million in the facility, which is being built by Panattoni Construction Inc. InterMetro produces medical carts ...
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