Wednesday, October 29, 2008

Chicago Wholesale Investment Property. 50 cents on the Dollar

Chicago Wholesale Investment Property-150K instant Equity Position

2-Unit Frame Property, 7 beds/2 baths wholesale deal in Chicago. Thats Right 150K in equity built in.
50 cents on the dollar. What are you waiting for. Move on this right now! Won't last long at this price.

Recently rehabbed, beautiful 2-flat property. Fresh paint, new carpet, hardwood floors and clean.
Needs some minor repairs in both unit bathrooms. drywall repair due to copper theft (5K). See Pics.

Check this out, even with depreciation over the past
few months, these recent closed comparables, same
style, # of brs and baths comp out at $325k-$360K. That leaves $150,000 in instant equity, at least!
we only want $149,000!

For More Info, Go To:
http://napogino.vflyer.com/home/flyer/home/1995610

For More Wholesale Property Deals, Go To:
http://www.chicagowholesaledeals.com

Wednesday, October 15, 2008

Investment tips for 2008

With all the turmoil in the market today and the collapse of Lehman Bros and Acquisition of Merrill Lynch by Bank of America this might be some good advice. For all of you with any money left, be aware of the next expected mergers so that you can get in on the ground floor and make some BIG bucks.


Watch for these consolidations later on this year:

1.) Hale Business Systems, Mary Kay Cosmetics, Fuller Brush, and W R. Grace Co. Will merge and become:
Hale, Mary, Fuller, Grace.

2.) Polygram Records, Warner Bros., and Zesta Crackers join forces and become:
Poly, Warner Cracker.

3.) 3M will merge with Goodyear and become:
MMMGood.

4. Zippo Manufacturing, Audi Motors, Dofasco, and Dakota Mining will merge and become:
ZipAudiDoDa .


5. FedEx is expected to join its competitor, UPS, and become:
FedUP.

6. Fairchild Electronics and Honeywell Computers will become:
Fairwell Honeychild.

7. Grey Poupon and Docker Pants are expected to become:
PouponPants.

8. Knotts Berry Farm and the National Organization of Women will become:
Knott NOW!

And finally...

9. Victoria 's Secret and Smith &Wesson will merge under the new name:
TittyTittyBangBang

Author Unknown

Saturday, October 11, 2008

Your First Real Estate Investment

Making your first real estate purchase, either as your main residence or as a investment, should be profitable and exciting, however it can bea bit overwhelming also. You should follow these steps when starting out in real estate investing.

1. Educate yourself. No don’t worry, I didn’t mean that you need to go back to school, however you do need to take issue for what you need to know, and learn it well. You should know and study the market you’re interested in entering. Use the Internet, local public records, as well as local area real estate agents to find the sales prices of comparable properties (comps). Learn about the whole transaction process, each person’s role and responsibility, the legal requirements, and insurance. Each of these components carries fees that vary, These cost must be included for the total purchase. By researching prices you can avoid losing money.

2. Do you have your financing in place? Get your financing in order. All to often, this is common mistake made by first time investors is to find the property first, then get the financing in place. Before you go out to find that hidden gem, get pre-approved for financing. Decide on a lender by choosing a bank, mortgage company or online loan company. Line up private investors and/or equity partners to Joint Venture with. When talking with your lenders, private or conventional, tell them how much you are looking to do. If conventional funds are being sought, the lenders will gather financial information about you – your income, credit history, liabilities – and give you an idea of how much they’ll finance. This also tells you how much you need to bring to the table, whether it be yours or someone else’s. There are so many different financing choices available today, you’ll need to decide which option works best for you. Financing plans have different variables including different rates, initial cash investment, and tax implications as well as how much is needed monthly and where are these funds coming from.

3. Where do you start to look for your property. Finding real estate that you can make a profit with should not be that difficult but can be tricky. Use the Internet and local newspaper’s “Real Estate” section. Look for abandoned and “For Rent” homes. For Sale By Owner (FSBO’s) online sites are also a good method. Drive around the area you’re interested in and try to find “For Sale by Owner” properties.

4. Time to negotiate. Once the perfect property has been found, you’ll need to negotiate for the best price. Don’t expect that you’re going to steal a property. Sellers are trying to get the most money for their property, and you will be trying to pay the least amount. Negotiating well involves working together with the seller to find a win-win situation, this means what does the seller really need? If you can fix a problem the seller needs fixing, then the purchase price of the house May be a secondary issue. Be aware and sensitive to the sellers needs, be assertive, but plan to make concessions. Inflexibility often causes expensive delays and added stress. Learn to be creative.

Chicago Wholesale Deals
NapoGino Buys Houses
Make Big Money With NapoGino

Friday, October 10, 2008

Is Real Estate Investing for You?

Real Estate investing is one of the most simplistic ways to earn money. With a relatively small monetary investment and some sweat equity, you can turn a substantial profit. The future outlook on real estate investing is positive and constantly evolving.

For new investors, one of the most difficult hurdles to overcome is learning the ropes of the real estate business. Real estate transactions are complicated, and if you are not educated on the ins and outs of the business, you potentially could lose large amounts of money, fast.

Before you get started in real estate investing, spend some time thinking about the best approach for your financial situation, personality, and risk tolerance.
One in four residential homes is bought as investment property. Many real estate investors are regular people just like you who make impressive side incomes. Some people even earn enough to make real estate investing their primary income.

First and Foremost
Is Real Estate Investing for You?

Real estate is an intricate business that involves many different legal, financial, and interpersonal aspects. Are you ready to jump into this complicated business? Think about these essential questions before you make your first move.

1.How much money can you invest?
Investing in the real estate market requires capital. The initial outlay of cash needed upfront to acquire a property may be large or small. However, once you assume ownership of the property, you are legally responsible for the full loan amount. Be sure you can afford to invest by looking closely at your personal financial situation. How much cash do you have? What amount of debt and how much interest can your finances handle? Think about how much you can lose.

2. Are you risk tolerant?
Risk and capital go hand-in-hand. How much risk are you comfortable taking on? A large loss to a small investor has a much larger impact than the same amount to a wealthy investor with deep pockets. While risk-taking can be exhilarating, be honest about your finances and think about the level of risk that will be comfortable to you. Do you naturally enjoy taking chances, or do
you tend to be more risk adverse? It’s essential to success to know your comfort zone.

3. What are your future financial plans?
Are you interested in investing to maintain capital or to get the highest return in the shortest amount of time? Consider the amount of time, money, and risk associated with each scenario. Be logical. A straight 15% profit over a couple of weeks is not realistic. If you are interested in a high return, this usually means there’s a longer time commitment, which means your money will be tied up. The value of property can change quickly, leaving you in a higher risk
situation.

4. Do you have what it takes?
To be successful in real estate investing, you need to be detail oriented, a quick learner, and have excellent interpersonal skills. You need to have the self-management skills required to determine what you need to know, then go out and learn it and apply it.

5. How much time can you spend?
Think carefully about how much time you can commit to the day-to-day tasks required to be successful in this business. In the beginning, you’ll need to spend a lot of time researching and learning about the business. With every endeavor you’ll need to spend time working on legal issues, zoning and town issues, insurance, tax concerns, contracts, market research, financing.
If after considering these questions you are still interested in real estate investment – congratulations! This field is one of the most exhilarating ways to make a living.

Chicago Wholesale Deals
NapoGino Buys Houses
Make Big Money With NapoGino