Housing and Real Estate

Of all businesses that know the real estate are probably the most likely option to make money.

This for many reasons but the main one is that represents a segment with products in constant demand and growth.

The property has been since ancient times the best way to create wealth and today’s big developers like Donald Trump, Warren Buffet and Robert Kiyosaki is confirmed. Today I share some ideas on how you can get started in this intersante and lucrative business.

First you know you can enter the business in four different ways although some have required capital investment:

1. As Real Estate Broker: This is the person who is engaged to negotiate the sale or rental of land, houses, buildings or apartments. Also called brokers, your business is finding customers to sell or rent the property from someone who is unwilling or lacks the ability or contacts to negotiate and earn a commission for this work is proportional to the value of the property. In all countries there are associations of brokers who provide training and exchange network of contacts to the success of its members. It also has the huge advantage that you can work independently, you do not need capital and can generate good profits without relying on a staff office. (more…)

Real estate transactions involve the exchange of residential or commercial property between two or more parties. Beyond the conventional purchase and sale of a property, whereby a homeowner sells a home to a buyer who uses a mortgage loan to purchase the home in full, there are many different types of real estate transactions.

Buyers and sellers arrange a variety of transactions to ensure the transfer of ownership will take place, even in the absence of a conventional mortgage loan.

Owner Financing
With owner financing, the buyer pays a mortgage note to the seller for a predetermined amount of time in exchange for ownership of the property. The amount financed could be the entire purchase price or a small percentage.

Since the seller must pay his or her mortgage in full prior to the sale of the property, sellers with mortgages paid in full are prime candidates for this type of real estate transaction.

When buyers are not able to obtain 100 percent financing through a traditional loan, they can ask the seller to “carry,” or finance, the missing percentage.

Mortgage Assumption
Motivated sellers with significant amounts of equity in their homes may turn to a mortgage assumption transaction to ensure a quick sale. “The interest rate remains the same, and the lender may charge a fee for the transaction. (more…)