Work Out Your Cashflow

Work out your cash flow!

Renovating a property takes a certain amount of money and cash is needed to keep workers on task, loans paid up to date and for unexpected emergencies. When you have cash ready to use, you can ensure the project will go more smoothly.

Join my free networking group at www.cashinonforeclosuresnetwork.com. To register, visit www.cashinonforeclosures.com.

Annetta Powell
Queen of Real Estate

Help! I Want to Purchase a Foreclosure

HELP! I am looking to purchase a distressed property!

Distressed properties are homes that have either gone through foreclosure or are being marketed as "short sales." In a short sale, the homeowner can't afford to maintain the mortgage, but the lender - rather than foreclosing - agrees to the sale of the property for less than the balance of the loan.

There are advantages and disadvantages to buying distressed properties. Let’s examine distressed properties before you decide that this is the option for you.

Lenders are extremely interested in getting distressed homes sold and off the liability side of their balance sheets. Many foreclosed properties can be purchased for only a percentage of what they would have commanded five years ago. When looking into purchasing distressed properties, you'll be dealing with a highly motivated seller – either a bank in the case of a foreclosure, or in a short sale, sellers who are in financial trouble and very interested in getting out of a mortgage they can no longer afford.

It would be wise to 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 You may be successful at searching the web on your own, but keep in mind some of the information is outdated, some may be incorrect, and some of the available properties are not even listed.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 listings and can offer you the most current information available. 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. 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.

Another great piece of advice: 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.

All of these things should greatly be taken into consideration BEFORE you purchase a distressed property or foreclosure. If you are still unsure and want to find out more, visit my website www.cashinonforeclosures.com or call 866-758-3555 to attend the next FREE Training Seminar to uncover the truth about becoming successful in real estate investing and get on the path to your financial freedom.

Annetta Powell
Queen of Real Estate

Be Patient, Act Quickly

Be patient, Act quickly!

You don’t need to jump on the first properties you see, however when the right deal comes along, be prepared to move quickly. A good deal won’t last long and you’ll need to be prepared to make a move to secure it for yourself.

Join my free networking group at www.cashinonforeclosuresnetwork.com. To register for a free training seminar, visit www.cashinonforeclosures.com.

Annetta Powell
Queen of Real Estate

Be All You Can Be!

Be All You Can Be! Invest in Real Estate Today!


Be All You Can Be! Invest in Real Estate Today! Now you may be wondering how you can do just that. Achieving financial independence within Real Estate is something that anyone can do, but it requires lots of thought, planning and determination. With the unemployment rate being at it’s highest here in Michigan, it has left many to ponder their financial obligations and career options that may be available. Realizing that you have important decisions to make regarding your family, deciding to become an entrepreneur can be a scary thing. Yes, this is a huge decision! Yes, this affects your entire household! But it can do so in a very positive way. Being able to care for your family and put money away for a rainy day is a great feeling. Being able to rest easy at night, knowing that your home is secure, is definitely a peace of mind that every adult dreams about. So why not invest in Real Estate and be all you can be?!

Start in a market segment you know. Whether you focus on fixer-uppers, foreclosures, starter homes, low-down payment properties, condominiums, or small apartment buildings, you'll benefit from experience by specializing in one aspect of investment real estate properties. Don’t be alarmed if you don’t know all of the ins and outs of the business yet. You have a wealth of resources at your fingertips to help you get started. Take advantage of all the information that you can find on the internet. Network with people who are trying to achieve the same goals as you are, not to mention the thousands of successful professionals out there ready and willing to give you the keys to start your engine. Be all you can be and invest in Real Estate today!

A successful investor is having a plan and knowing how to work it. These investors wake up every morning with a goal and a game plan. They know what needs to be done and how to get it done. As a result, their chance of success is greatly increased. You must have the keen ability to network. Real-estate investing is probably one of the only professions that do not require formal education or training but every little bit helps. Therefore, the investor that builds a strong and far-reaching network of colleagues and partners is the most successful. Don’t forget to stay educated. When it comes to real-estate and investing, the rules and regulations are always changing. Every market is different and each locality has their own set of standards. As a result, the successful investor stays on top of it all by staying educated because it affects their business and their subsequent profit possibilities.

Be all you can be and get educated about Real Estate today! Join my free networking group at www.cashinonforeclosuresnetwork.com. To register, visit my website www.cashinonforeclosures.com or call 866-758-3555 to attend the next FREE Training Seminar to uncover the truth about becoming successful in real estate investing and get on the path to your financial freedom!

Annetta Powell
Queen of Real Estate