We work with a LOT of investors at the MrLakeNorman.com Team!! Kelly has been investing in real estate since he was old enough to buy a home, which provides an amazing foundation of knowledge and support for those looking to get into real estate investing. You have nothing to lose and everything to gain by having a chat with Kelly if you’re thinking about flipping, getting into rentals, or just buying to long hold.
There are so many different ways that an investor can look for properties and all the TV shows and books teaching the “how-to’s” and “the best way to get into real estate investing with no money”, don’t forget bank-owned, HUD homes, foreclosures, and short sales are actually some of the top words being talked about in today’s market.
With the best knowledge of investing in real estate coming from actual experience in buying and selling multiple properties in multiple different situations and scenarios, there really are not too many agents out there that have obtained the true ability to handle these often complex transactions. Most real estate agents may or may not even own their own home, let alone multiple investment properties.
Bank owned properties are typically sold as-is with an inspection period after the effective date. Make sure to get your pre-approval for your mortgage before searching for these homes.
Foreclosures can either be already owned by the bank or the homeowners may be in the process of being foreclosed on.
Short sales are when the property value is less than the current amount owed and the mortgage holder must agree to take less than the amount owed on a sale. Short sales can be very long drawn out negotiation periods with the bank and in the end, there are even no guarantees that the mortgage holder will even accept the amount less than what is owed.
Wanna get the inside scoop? Kelly searches the market EVERY DAY for all of the best investment properties. Some of these will be great income producing properties or some may have instant hidden value in them.