New Western Acquisitions Realty

When it comes to investing people have tried many different things in order to make good investments. There is no investment that is completely and totally guaranteed, but real estate investment has proven over the years to be successful. There is great money that can be had in the field real estate investing.

A Great Way To Invest
Investing can be a challenge for any individual. It can be difficult for a person to know where to start, or who to trust. While there is no guarantee in any investment, a person has to do the research to be able to find the investment that is going to fit best with their needs and their experience. When it comes to real estate investment it has proven over the years to be one of the best ways to invest. Real estate investment can help a person to quickly reap dividends without having to put much of their own manpower into it.

A Great Place For Rental Property
Texas investment property has proven to be very rewarding for many novice and experienced investors. When it comes to buying distressed property it has been proven to be one of the best ways to make income from real estate. Real estate that is in need of work can be bought at half of its original cost. The work that has to actually go into repairing and restoring a property can be very inexpensive. After a home or property has been restored to a livable and attractive condition, then it can be resold on the market. The home can be sold for its original value if not more and the investor of the property stands to make hundreds of thousands.

Make Money On Real Estate
Even if an investor chooses to flip a home and then rent the home out, they still stand to make thousands of dollars if not millions over the years if the property continues to be rented. Since Texas investment property is widely known for having a great return rate. Many savvy investors have chosen to invest in homes in Texas. Once these homes have been bought, flipped, and sold they have found that they have great investment potential. When it comes to investing there is really no guarantees, but the many men and women that have made the wise decision to invest in property have found that buying and selling homes can be one of the best ways to make money without losing on their original investment.

“Foreclosures on a steady rise”

“3.1 percent Americans label themselves as real estate investors”

“Investors earning attractive profits by investing in foreclosures”

“Foreclosed properties available at great bargains”

At one time or another I am positive  you  would  also have come across these headlines. Lots  of success stories are being told about investors making money in Texas real estate investing.Does that include foreclosures?

More about Foreclosures

The foreclosure process begins when the homeowner fails to pay his mortgage payments or fulfill his tax obligations. Non-payment could be due to various reasons like divorce, unemployment, failing business and more.

The bank issues a NOD (Notice of Default) to the owner, on his non-payment of dues for three consecutive months. The owner is left with a choice to clear his dues or evict the property. Sometimes, home owners sell their property to avoid the social stigma of the foreclosure process. This is better known as selling the property pre-foreclosure. For investors, this is a good time to buy as the owner is in an uncomfortable position  financially and needs to sell quickly. You can often get a great bargain.

Once the property is foreclosed, it is sold at the courthouse steps through an auction. Usually, the minimum bid is equivalent to the loan amount due on the property. If there are no takers at the minimum bid, then the property is repossessed by the lender.

Lenders are often banks, who are in the business of money and cannot take out time to sell these properties to recover the dues. Mostly, they sell these properties through expert real estate agents, better known as Real Estate Wholesalers.

The 2008 recession marked the beginning of the housing crisis across the United States. People lost their jobs, businesses failed and the stock market was plummeting. People failed to honor their mortgage installments, pay their taxes and so on. These liabilities resulted in the banks and lenders foreclosing innumerable properties.

Banks and lenders are businesses, who earn their income by providing loans. Although they possess the foreclosed properties, they are keener on selling the property and clearing their dues rather than holding on to the property. Holding the property itself burdens these banks and lenders with an approximate cost of $1,000 per day, including taxes, maintenance costs and legal fees.  The bank's goal is to sell the property as soon as possible. It is not uncommon for a lender to sell properties at deep discounts.

However, the market is reviving; the number of foreclosures that were on a steady rise is now dwindling down. In 2006, the number of housing units filing foreclosures was 717,222. It touched the peak after recession. 2,871,891 housing units had filed foreclosure in the year 2010 alone. With the turn of the economy, the number of foreclosure filings has been falling steadily. In 2014, the number of foreclosure filings stood at 1,117,426. The American neighborhood is now witnessing a revival from the housing crisis.

However, you can still earn handsomely by investing in Texas investment homes. You just need to tread carefully. Falling foreclosures is equivalent to increased competition. For a win-win situation, you need to act diligently, be patient and knowledgeable about the current trends and growth hot spots.

Investing in Houston investment property has become a hot favorite of most real estate investors in America. Since the 2008 recession, foreclosures have been on a sharp rise and can be available at deep discounts.

However, how can you buy these properties?

Foreclosed properties can be bought at three stages:

• Pre-Foreclosure: In a bid to avoid the social stigma associated with the foreclosure process, home owners sell the property directly to the buyers pre-foreclosure. You can make a great deal with these home owners; as they are in a hurry to sell the property and clear their dues. They are ready to turn over the keys and get out from under the burden of the homes financial responsibilities. They are ready to give you the responsibility of restoring the home and bringing it up to code.

• Auction: When the home owner defaults on making his mortgage payments, the bank or lender forecloses the property and sells it at an auction. You can buy such a property at the courthouse steps, and they are often sold at below market prices. However, the biggest disadvantage with an auction purchase is that you cannot inspect the property; the owners are typically still residing there. Yet another problem that could arise later is getting the property vacated.

• REO properties: If the property does not have a buyer at the minimum bidding price; then the property is re-possessed by the lender or bank. He would then sell the property in a bid to recover his dues. The biggest advantage of buying REO properties that they are free from tax liens, debts, etc.You can buy foreclosures at any of the above stages and enjoy successful foreclosure investing. 

You would have read and heard about the success stories of innumerable investors earning attractive profits in Houston real estate investing. However, do you know about the role played by real estate wholesalers in their success?

Real estate wholesalers have incepted with the objective of providing real estate investors with knowledge, opportunities and resources required for successful real estate investment.

Here are the multiple roles they play:

• Scanning newspapers and television ads is not required. Real estate wholesalers boast of massive property listings, from which you can definitely find something that matches your investment goals, expectations and limitations.

• Finance is the biggest obstacle in real estate investment. If you are not a cash-rich investor, real estate wholesalers introduce you to other available financial solutions.

• For rehabilitation of distressed properties, fine tradesmen and contractors are a must. While investors may not have access to efficient people, real estate wholesalers can lead you to them.

• Once the property is rehabilitated, it has to be sold. Yet another hunt for a prospective buyer or tenant begins. The real estate wholesalers even assist you in selling or renting out your rehabbed property.

• Foreclosure investing is governed by certain laws. While investors may not be aware of the same, real estate wholesalers educate them about these rules and laws.

Williams is an experienced real estate investor. He proudly claims to have made an attractive  net worth realty in the real estate market. However, when the market took a downward trend, following the 2008 recession, Williams was devastated. Real estate prices were falling and the market was no longer a  promising avenue to earn the living he once enjoyed. Real estate was his bread and butter. What would he ever do without it? He had focused his career in this one area and he did not have the resources nor the time to invest in starting over in a new trade or go back to school for a career change.
  
Rescued

Will was very frustrated with trying to find a way  utilize what he knew and make it work to support his family.   His friend rescued him from the crisis. He introduced William to the expert real estate wholesaler, New Western Acquisitions.

Real Estate, but with a twist. New Western Acquisitions  work with the primary motto of providing knowledge, opportunities and resources to investors interested in foreclosure investing. Although William had been very successful in real estate, he never worked with foreclosures. However, with the steep rise in foreclosures, it was the best investment of the day.

With the help of the licensed and trained real estate agents at New Western, Will was back on his feet.  Will earned an attractive profit in his first investment itself. The real estate agents assisted him with all the details from acquiring the property, through the repairs steps, right through the sale. What’s more, is that the relationship continued with several additional properties  being flipped for a healthy ROI. Every time they have a property matching William’s needs on their list, Wills mobile beeps. And, the New Western agent is back with a new promising property; ready to begin a new investment expedition. Will is glad he grabbed the opportunity when it knocked his door.

The 2008 recession hit the U. S economy hard.   Layoffs threw many individuals  into the long unemployment lines. The global meltdown was posed a significant threat to my friends and I. We were reading everything we could get our hands on to find promising new careers that would help us survive this turbulous time in U.S history.   That is when  we read about foreclosure investing. Texas investment real estate seemed to be a lucrative option.

We decided to make the career change and see what happened.  It was a risk, but all the research lead us to believe if we followed the proven steps we could be successful.  One of the most difficult steps would be finding a viable property to flip.   That is when  we came across an expert real estate wholesaler, New Western Acquisitions. We  had realized that venturing into a new business might be fraught with risks. So why not employ the services of this wholesaler. Together, we approached one of their professional and knowledgeable agents to help us begin the process.

He first helped us to lay out a plan of action to reach our  investment goals and  ambitions. Soon, we were ready with a plan. Now, the catch was obtaining finance. None of us had  healthy enough  bank accounts to meet the requirements for the investment. Then, the agent gave us the idea of pooling our funds together. We managed to begin without a loan!

We set a day a side to sit down with our agent and scroll through   his massive property listings.  This  led us to a property matching what we had to invest. It was not as diofficult a task as we had  expected. We purchased the property and then he introduced us to licensed skilled contractors to handle all of the necessary  repairs. Soon, the distressed property was transformed into a place a  buyer could call “home”. The agent helped us sell the property and we made an attractive net profit of $30,000. Since then, our successful real estate investor team has been working hand-in-hand with New Western Acquisitions.