Start Your Real Estate Investing Career In Billings Mt Today

The Best Way to Learn Real Estate Investing in Billings Montana

Real estate bird-dogging in Billings Montana is the process of finding great deals on property and then getting paid for it. You provide investors with property leads and they pay you for those leads. An example would be investor bob (made up name) will pay you for locating a vacant house $250 just for driving buy and writing down the address. Lots of investors pay the $250 or whatever you arranged when they end up buying the house. This is because not all houses are deals. With vacant house if the bird dog puts in some extra effort and find the owners of the vacant house then they pay an extra $250 at closing.
Why do you call it bird dogging?

Investors call it bird dogging because you are going out and retrieving leads for investors. Just like a bird dog goes out and gets birds for hunters. It’s just a name personally it should be called something like lead retriever but that have never really caught on.

The benefits of Bird-dogging.

You do not need to have good credit. With traditional real estate investing a lot of times you need to have good credit to get a loan and buy houses. There are ways to become a rock star investor without good credit but bird-dogging is a great place to start and earn extra income in Billings Montana.

There is no money needed. I know it’s hard to believe but all you really need to start is to walk around a few neighborhoods and look for houses or even just hear of someone looking to sell quickly.

This is also one of the best ways to learn a market and learn about real estate investing.

When do you get paid?

From my experience you could be getting a check in as little as three weeks. There is however several factors that will go into how soon you can expect to receive your check.

Some real estate deals take longer to close on. Because there is often liens on properties which takes some time to get cleared off the title. Also some sellers will want to take their time to close, so they can find new living arrangements.
We usually close on properties in 30 days but do have the ability to close in as little as 3 days in some cases. It all depends on the situation.

Why we pay for leads.

Successful real estate investors know that we cannot possibly get to all the good deals out here or find them. I spend a lot of time meeting with clients, realtors and keeping projects on task. Bird Dogs are important for all investors to help find some of the best deals in Billings Montana.

What you should be looking for.

Property owners who are willing to sell their home below market value because something about their home is causing them pain. We are providing a service to them, with the benefit of immediate sale. Most motivated property owners are willing to sell for less because they just want out. They cannot afford to make the necessary repairs their house needs. The house payments are killing them and ruining their credit. What would the homeowners do without us; they would lose the house and get nothing from it.

The reason sellers want to sell include Divorce, death in the family, downsizing, drug addiction, can’t afford payments, relocation, no patience, bank is going to foreclose on the home, bough another house and could not sell their other house, can’t pay taxes, violations from the city, don’t like neighborhood, also landlords who are tired of bad tenants.

There are several more reasons but these are just a few.

Do you think you would like to make some extra money in your spare time looking for vacant houses and motivated sellers?

Buying Vancouver Real Estate At Prime Location

The rate at which the Vancouver real estate market is booming is astounding. With more and more investors putting in their money and buying Vancouver real estate, the property rates are accelerating by the day. However, owing a property in Vancouver is not a daunting task, provided you seek the services of an experienced Vancouver real estate agent who can help you purchase your dream house. But before you proceed to hire a Vancouver real estate agent, here are a few factors that you must bear in mind:

Requirement: Before you invest a lump sum in Vancouver real estate, it is important for you to know your exact requirements. Some of the factors that you would like a Vancouver real estate to have may include the size of the property, the location and the condition. If you want to buy a home or an apartment in Vancouver you must be clear about the number of bedrooms it must have and whether it should be fully or semi furnished. Only when you know your exact requirements with regards to a Vancouver real estate would you be in a position to go ahead and check out a few options.

Reliability: To make your search for Vancouver real estate hassle-free, there are several Vancouver real estate agents who offer the best deals to their client who wish to buy or sell Vancouver real estate. But before seeking the help from a Vancouver real estate agent you must inquire about his reputation in the market and whether he is reliable and experienced to provide you the best Vancouver real estate option. You can check the portfolio of various Vancouver real estate agents and also talk to their past clients to know more about their quality and reliability of service.

Rate: Buying a Vancouver real estate calls for an exorbitant investment. Therefore, you must have a budget in mind and ask your choice of Vancouver real estate agent to show you potential properties that fit your bill. However, do not get attracted by cheap price tags of Vancouver real estate for sale. Ensure that your Vancouver real estate agent helps you find the best property that suits your budget. Additionally, while hiring a Vancouver real estate agent, ask him for a comprehensive quote for his fee and additional service charges so that you do not get surprised by a very steep bill later.

Here’s hoping that these tips on buying Vancouver real estate will help you find a good property that not only fits your bill but also proves lucrative in the future.
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When S Corporations Make Tax-sense For Real Estate Investors

Accountants and lawyers sometimes joke that there’s an eleventh commandment, “Thou shall not use corporations to invest in real estate.” And for good reason. Real estate loses many of its tax benefits when you invest through or inside a corporation.

In a handful of cases, however, a special sort of corporation– a subchapter S corporation–may be useful for real estate investors, as discussed below…

S Corporations Work Well for Real Estate Flippers

One situation where an S corporation works well is flipping.

If someone regularly flips real estate, profits and losses are not treated as capital gains or capital losses. Rather, profits and losses are treated as ordinary income and loss.

That “ordinary” treatment isn’t all bad. For example, while ordinary income never gets taxed using the low capital gains rates (which is bad), an ordinary loss unlike a capital loss can easily be used to offset other income (which is good).

However, “ordinary” treatment creates a trap for real estate flippers. Ordinary income is subject not just to income taxes–but also to self-employment taxes. Specifically, in addition to any income taxes a real estate flipper pays on his or her profits, a flipper also pays a 15.3% self-employment tax on roughly the first $100,000 of annual profit and a 2.9% self-employment tax on anything over $100,000 in annual profit.

For example, a house flipper that makes $100,000 in some year pays not only income taxes but also a 15.3% self-employment tax, or roughly $15,000.

An S corporation, however, offers up a loophole. In an S corporation, only that portion of the profit that gets paid out as designated wages gets subjected to the employment tax.

Suppose, for example, someone flipping houses operates as an S corp, earns $100,000 in profit, but pays only $50,000 of this profit out as wages (and then the remaining $50,000 as a shareholder “dividend”). In this case, the employment tax equals 15.3% of the $50,000 of wages, or roughly $7500. And the S corporation therefore saves the real estate investor about $7500.

S Corporations Work Well for Rehabbers

And there’s a related group of real estate investors for whom an S corporation works, too.

If you’re someone who’s buying fixers, making substantial improvements, and then re-selling, there’s a good chance that your real estate activities are considered an active trade or business (which means ordinary income treatment and self-employment taxes).

Accordingly, rehabbers may be able to use an S corporation to save on employment taxes, too, just like flippers do.

A quick digression: If you’re confused about why flipping or rehab-ing houses is treated as an active trade or business and subject to self-employment taxes, consider the cases of a retailer or a home builder. A retailer selling, for example, furniture does not get to call his profit capital gain. And a home builder constructing spec homes does not get to call his profit capital gain.

From the point of the tax laws, a flipper is just a “retailer” whose inventory consists of houses. And a rehabber is sort of a home builder.

S Corporations For Property Management Activities

One other S corporation opportunity exists for real estate investors. Specifically, passive real estate investors may sometimes benefit by setting up an S corporation to perform property management for their real estate. This S corporation then employs the real estate investor to do the work of managing, the properties.

A property management S corporation sometimes makes sense because the S corporation allows the real estate investor to accrue social security benefits and because the S corporation, by creating earned income for the real estate investor, also lets the investor provide him- or herself with tax-free fringe benefits like a retirement plan or health insurance.

A real estate investor with, for example, several rentals might form a property management S corporation, pay a reasonable salary, and then get tax-free health insurance and a 401(k). These sorts of tax-free fringe benefits could save a family $5,000 to $10,000 a year in taxes.

Note: Setting up an S corporation for property management purposes can be tricky. While real estate investors tend to be a do-it-yourself bunch, for an S corporation, you probably want to get expert help from a knowledgeable CPA, tax attorney or enrolled agent.

Purchasing Real-estate Kelowna Condominiums Most suitable Located Online

Purchasing a new house is an investment each and every individual in his life will need to make. An excellent investment on real estate has a thing to do with the potential resale price it is going to have. Be aware that the worth of land keeps rising every so often. When trying to find Kelowna condos for sale as an investment, do it on-line. You are bound to locate a good investment that can allow you to reap greater profits.

Inside the previous, you’d discover that in a few years, land and house expenses will boost in worth. This really is a pattern taking place worldwide and that identical situation occurs in real estate Kelowna. Lately, the area has been attracting many investors to place funds within the land. Properties here never last lengthy so it really is greatest to seek out on-line and contact them as soon as possible. Right here are a few other factors why going on-line will be the greatest approach to make real estate investments in Kelowna. .

  1. Real estate Kelowna internet sites offer complete information and details for interested consumers and investors – The beauty with on-line browsing is that you may get information in an instant with out even moving from your chair. When you locate an online real estate site, you might easily browse for all their available properties along with their respective information. These internet sites consist of contact information so you might communicate with them effortlessly. Aside from that, they showcase a photograph collection of all their properties so consumers can easily browse on them.
  2. You are able to easily look for prime places – Looking by means of the web enables you to hunt fast and accurately. Prime Kelowna condos for sale are situated in Sunset Drive, Big White, Brown Road, and at the Country Club Drive. Some of these places are situated near prime tourist destinations, providing accessibility to numerous hot spots in Kelowna. Even though these prime places are within the heart of the area, you are nonetheless assured of getting a relaxing ambiance, privacy, and peaceful and quiet environment.
  3. It really is convenient and accessible – You don’t need to go to the exact location when trying to find a good investment on real estate. All you will need is an internet connection as well as a computer to seek out for prime places and condominiums to obtain or make investments in. The net is a powerful tool virtually any business may use to their benefit, even the real estate business.
  4. Up to date information is available – Unlike newspapers and publications which are not easy to update or change, internet sites of real estate businesses can easily make changes and changes to the content material of their internet sites. This ensures you fresh information each and every time you locate a real estate site. You would not want to locate prime real estate spots which are already sold, would you?

Searching for Kelowna condos for sale could be easily done once you try to locate it on the web. Going on-line provides buyers and investors an chance to browse as many real estate properties as they can with out much effort. Start your seek out for the perfect investment online today!

Real Estate Classifieds Software,real Estate Classifieds Script

You need a website in order to start an online business. The website should have all the vital features that you will need to handle your daily operations. You need exceptional real estate classifieds script in order to operate a successful real estate online classifieds business.

More business is now being conducted on the Internet. Recent research reveals that the activity of online real estate business is steadily increasing. Real estate classified websites are now becoming more popular. Many people are now turning to these specialized classified sites in order to gain invaluable data on real estate markets in their area. This is a wonderful business opportunity that provides one with a chance to generate excellent residual income throughout the entire year.

You need dependable software in order to create a real estate classified website. The software will assist you in fulfilling your requirements. Let’s take a close look at ten high quality real estate classifieds scripts that can help you build your online real estate classifieds site within a few hours. All the scripts listed below are available at a reasonable price. Each script comes with full support from the provider.

AJ Classifieds Script

AJ Real Estate Classifieds Software is a complete software solution that will save your money and persistence. And most significantly, it will boost your online real estate business and assurance its success.

The Software is user-friendly and can be used to discover properties almost anywhere .In inclusion to having your properties detailed in the classified listings, the system also allows you to find information and ask concerns about issues that are not so clear. In addition, making payments on properties that you do decide to buy, or rent, can sometimes be exacting, what with so many different payment methods out there. AJ classified PHP software for real estate business makes it prospective to integrate all of them into a single platform including electronic money transfers, checks, and online money transfers like PayPal.

RE-state – php Real Estate Script

RE-state is very easy to use. It is highly endorsed by many real estate experts. This simple script offers many different features and options. RE-state shows active listings, prices, and availability. It also has an advanced search feature. The advanced search feature allows visitors to narrow the details in order to find listings that meets their criteria.

Easy Estate Manager

Easy Estate Manager provides you with all the essentials that are needed to set up your classified site on your domain. It is a straight forward script that can be mastered within minutes.

PG Real Estate

PG Real Estate allows you to select the template of your choice. You can set this script to meet your personal demands.

MYRE Real Estate

MYRE Real Estate offers a solution for anyone who is interested in having a solid realty listing system. It is easy to customize. You can also integrate this script into an existing website.

Flynax Realty Classifieds Software

This is a deluxe script that can help you sell full featured properties. It is the ultimate option for running a virtual real estate business. Flynax Realty Classifieds Software can be used by investors, realtors, and brokers. It comes with multiple templates, various levels, and powerful plug-ins.

WorksForWeb iRealty Real Estate Script

This is probably one of the best scripts around today. It is SEO friendly. This script can be used to sell commercial real estate, residential real estate, and land. It comes with impressive themes and precise coding.

Zinksoft PHP Real Estate Script

This unique property script has an advanced layout. It is SEO friendly. It is also compatible with social media sites such as Facebook, Twitter, and Google Plus.

phpSQL Real Estate Script

This script is easy to manage. One can place rental listings and sales listings on this script with ease. It can be used by realtors and private real estate professionals. Many people prefer to use this script for FSBO listings.

Subrion Real Estate Classifieds Script

This is an all-in-one solution that allows one to create and manage a powerful classifieds site. You can use the default configurations. You can also change the configurations in order to satisfy your needs. It can be used by agents, brokers, and investors.

Atlanta Real Estate Trader Twana Phillips Talks About Real Estate Association

Having good tenants inside any investment in real estate is the key to success. investing inside real estate plus the resulting administration and is a scary prospect however with all the appropriate buy, a good rental Newport Beach Real Estate administration team, plus screened tenants we can have a successful outcome.

Mesa real estate AZ real estate url offers comprehensive information on relocation, luxury real estate in Mesa, waterfront homes, golf homes or properties, plus luxury neighborhoods. Here you will find the newest regional marketplace status and present Multiple Listing Service (MLS) listings creating it quickly plus convenient for we to navigate the real estate planet.

Do you expect there to be more brief mesa property management newport beach ca sales inCosta Mesa, California? At the end of 2009 major papers, like The Wall Street Journal, were suggesting which 2010 may become the year of the brief sale. Why? At the finish of 2009 the amount of brief sales completed was selecting up steam plus the number of foreclosed homes was falling.

Most persons have no idea the wages plus demand are thus costa mesa property management significant for HVAC service technicians. In this economy, most homeowners are more probably to repair their equipment plus are grateful they don’t have to buy a brand-new program. You may usually be in demand! And understand this. Imagine functioning for somebody whom is horrified at the thought that he can lose a useful technician including yourself! Employers will go the extra mile to keep fantastic technicians.

The initial quarter of 2010 is officially behind us plus costa mesa realtor distressed sales inside theOrangeCounty real estate marketplace are following this pattern a rise inside short sale activity plus a reduction in foreclosures. What’s the reason for this? With the new government rules inside place, several lenders that would have been fast to send a home to foreclosure have been providing homeowners the way of loan modification or considering a brief sale (if eligible).

Homeowners can get a discount when they pay their taxes by a certain date. Miami-Dade Country provides a discount of 4% to those who pay their taxes in November.

ABC moving is a division of Allied Van Lines, 1 of America’s largest and most respected movers in the US. These are typically able to provide neighborhood, nationwide and worldwide moving services. They offer packing plus unpacking services, shrink wrap plus blanket wrap of the furniture and valuables. They furthermore usually set up a furniture at your hot house plus haul away the scrap boxes plus shrink wrap. ABC equally has free, on-site study of the move to provide you the most exact quotes possible.

Advantages And Disadvantages Of Lease Option Real Estate Investing

Lease option real estate investing is a creative way to get started in real estate investing. The biggest advantage of this investing method is “control”. It basically gives the investor the right to possess be in control of and profit from a property without owning it.

A lease option contract is a combination of two documents. The lease part is where the owner agrees to let you lease their property while you pay them rent for a stated period of time. During the lease period the owner can not raise the rent, rent it to anyone else, or sell the property to anyone else.

The option part represents the right you purchased to buy the property in the future for a specific price. If you decide to exercise your option to buy, the owner has to sell it to you at the negotiated price. The option part of the contract obligates the seller to sell to you during the option period- but it does not obligate you to buy. You are only obligated to make rental payments as agreed during the lease period.

When the lease option contract is written and structured properly, it can provide tremendous benefits and advantages to the investor. If the lease option includes the “right to sub-lease” the investor can generate a positive cash flow by renting the property to a tenant for the duration of his lease, or lease option the property to a tenant-buyer for positive cash flow and future profits. If the lease option includes a “right of assignment” the investor could assign the contract to another buyer for a quick profit.

Lease option real estate investing, is a flexible, low risk, highly leveraged method of investing that can be implemented with little to no money.

High Leverage

It is highly leveraged because you are able to gain control of a property and profit from it now–even though you don’t own it yet. The fact that you don’t own it also limits your personal responsibility and liability. Only if you decide to purchase the property by exercising your “option to buy” would you take title to the property.

Little to no money

The investor’s cost to implement a lease option agreement with the owner requires little to no money out of pocket money because it is entirely negotiable between investor and owner. There are a variety of ways the option fee can be structured such as an installment plan, balloon payment or other agreeable arrangement between both parties. The option fee can even be as little as $1.00. In order to secure the property for purchase at a later date, tenant-buyers typically pay a non-refundable option fee of approximately 2%-5% of the negotiated purchase to the seller. Depending on how the lease option agreement is written and structured, the investor could possibly use the tenant-buyer’s option fee money to pay any option fee owed to the owner.

Flexible

It is a flexible method of real estate investing because terms of the agreement like payment amounts, payment dates, installments, interest rate, interest only payment, balloon payments, purchase price and other terms are all negotiated between seller and buyer. Responsibilities of both parties are also negotiable. For instance, if the investor doesn’t want to act in the capacity of a landlord, he could specify in the lease option agreement that tenant-buyer will be responsible for all minor maintenance and repairs and the original seller will remain responsible for any major repairs.

Financially Low Risk

It is low risk financially. If the property fails to go up enough in value to make a profit, you have the purchased the right to change your mind and let the “option to buy” expire. Even if your tenant-buyer decides not to buy the property, you have profited by a positive monthly cash flow from the tenant-buyer’s rent payments and upfront non-refundable option fee.

Let’s look at an example of a lease with option to buy structured in a way that the investor profits in 3 separate phases of the investment.

Profit #1 non-refundable option fee

Future sales price negotiated with the current owner is $125,000 with an option fee of 2% of the sales price. Option Fee you owe the owner is $2,500. The future sales price you set for your tenant-buyer is $155,000 and the option fee is 4% of the sales price. Option fee the tenant-buyer owes you is $6,200. You collect $6,200 from tenant-buyer and pay $2,500 to the owner and your profit = $3,700

Profit #2 cash flow from monthly rental payments

The Monthly rental payment you negotiated with the owner is $1,000. You set the monthly payment at $1,250 per month for your tenant-buyer. Each month you collect $1,250 from your tenant-buyer and pay the owner $1,000 each month. Your profit is $250 monthly positive cash flow during the lease period.

Profit #3 is set up when the lease option contract is initially written

The difference in the negotiated future purchase price with the owner and the future purchase price set for your tenant-buyer. Let’s say the property goes up in value to appraise for at least $155,000. Your tenant-buyer decides to exercise their option to buy. You buy the property from the owner at $125,000 and then sell it to your tenant-buyer for $155,000. $155,000 – the $125,000 you pay to the owner = $30,000 profit.

Of course the key to making lease option real estate investing work, is finding motivated sellers and buyers. Finding these motivated sellers and buyers shouldn’t be difficult. The continuing down turn in the real estate market has created a large number of sellers who can’t sell their property and also buyers who can’t get financing to buy. The seller could possibly get a fair offer to be paid in the future by selling their property to a real estate investor on a lease option basis. A potential tenant-buyer could obtain home ownership without having to qualify through traditional home loan guidelines.

One disadvantage of lease option real estate investing involves the tenant or tenant-buyer possibly defaulting on monthly rental payments. This would make it necessary for the investor to come up with money out of pocket to pay the owner and possibly have to proceed with eviction process. However, there are certain provisions and clauses that can be written into the lease option to deter buyers from defaulting on payments.

If the investor fails to do “due diligence” before entering into a lease option agreement, he could end up with a property that is unmarketable. There could be a number of liens on it, issues involving ownership of the property or it might be in foreclosure. By diligently performing research before entering into a lease option agreement, the investor can avoid these mistakes. A few things the investor could do is– perform background and credit checks on both the seller and buyer, search public records in reference to ownership and property status, or do a title search.

Despite the few disadvantages, lease option real estate investing continues to be an excellent way to invest in real estate with little to no money and low financial risks. It also remains to be an excellent way to gain control of a property you don’t own and create positive cash flow and profits on flexible terms.

Bottom line, the secret to success in today’s challenging real estate investing market is to use only the best creative ideas, proven tools and strategies that have been successfully used by other investors to generate cash flow and profit from today’s real estate market. The more you understand and apply now, the more you will profit from today’s financial crisis.