virtual real estate investing

DC Fawcett Virtual Real Estate investing club

If you are a smart investor, thinking about the innovative ways to invest your money, then what are you waiting for? All that you need to do is to take a right decision at the right time. If you are looking for the smart and quick investment, your search ends here. The answer for your query is virtual cash flow real estate. DC Fawcett has explained about the virtual real estate investing in real estate and how does it work.

What is virtual cash flow investing in real estate?

Cash flow analysis is very important for companies and the investors. It is a complicated process which can leave the investors with the feeling of delegating security analysis. If you wish to make money without involving too many risks, virtual cash flow investing is the solution.

Virtual cash flow investing in real estate is an art of making money by buying and selling virtual real estate using real money. In this, the investors start investing in the virtual real estate market. This is an online game in which you can start practicing with virtual cash without any investment.  The game’s version is purely for fun, practice and education. Once you become an expert in trading with virtual money, you can start investing real money in which you can buy and sell virtual estate earning real cash. It is similar to online stock trading. When you buy virtual real estate, the structure does not need re-shingling, re-sidling, new furnace, water heater or foundation. The appliances are unbreakable.

The advantages of Virtual cash flow real estate investment

  1. Risk- free- When you use virtual money, you get a good amount of practice while investing in real estate. Even if you lose the game, you don’t lose anything.

  2. Ownership – When you buy a virtual real estate, you become the owner without any legal formalities. You can sell the virtual property to other players and still earn real cash if you put real cash in it.

  3. No Money – The investor can manage the balances, deposit and withdraw the money at their convenience.

  4. Low cost – The virtual real estate cost is low. There is no need to surf for refinance rates and mortgage. At the same time it is not a deal either wherein it is too good to be true.

  5. Practice – Although the real estate technically does not exist, the entrepreneurs get the practice and education to deal with different situations.

Disadvantages

  1. If you are short of virtual cash, then you have to wait till you get it. As such, it can only be used for practice, but it won’t be accepted in real life.

  2. There is a possibility of winning with virtual cash, but you may lose after putting the real cash.

 Conclusion

There are pros and cons for everything.DC Fawcett  Virtual cash flow may not be suited all the investors as you would have to buy the virtual real estate by paying the real cash. However, you can accumulate real profits in your pocket.

 

Save

Save

Loan Modification Scams

DC Fawcett’ Loan Modification Scams

Introduction

When a company or an individual asks for a fee to work with one’s lender to modify one’s loan and do nothing to save one’s home from foreclosure, it is called as a Loan Modification Scams.

DC Fawcett says that Loan modification is usually used to forestall foreclosure of homes. But scammers take advantage of loan modification.”There were about 35000 loan modification complaints  recorded by Neighbor Works America from the period of 2009 to 2013,” says DC Fawcett – a real estate investor and educator.

Many loan modification scams begin with a voluntary call to offer services for lowering mortgage payments or to completely escape from foreclosure. In case of mass re joinder law suites against unscrupulous money lenders, the caller usually asks for fees in advance. This fees is the indicator of a scam because while there are mass re joinder law suites, lawyers don’t take money until a legal decision is taken.

Some scammers offer to review your foreclosure documents to check if the moneylender is complying with local and state laws. They usually demand fees for that. In worst cases, the deed or title to your home is usually surrendered unknowingly or with the hope that you can rent out the home in future or purchase it back. These occur in scenarios known as bait and switch ploys.

Seven suspects were charged of loan modification scams in 2014. They fleeced desperate homeowners who were trying to keep their homes during times of crisis. They told them that they had contacts with money lenders who would lower the monthly payments. Homeowners  were told that they would obtain a refund if they were dissatisfied with the terms. These suspects charged upfront fees for that .

How to avoid loan modification scams

Any company that guarantees loan modification or foreclosure is a prospective scammer. Generally, attorneys and lawyers only promise to do their best to help. Modification of a loan depends on many factors such as financial position of both the borrower and the investor. Those who guarantee outcomes without considering the implication of these factors are cheats. So one should look out for them.

Any company or individual who asks one to sign blank documents is a scammer. Lawful companies and authentic lawyers will never ask one to sign something without reading and comprehending. This is done only by scammers who will add information later and DC Fawcett give many suggestions to maintain rental properties.

Some individuals may pose as a forensic loan auditor. They are also scammers.It will offer to review documents related to one’s loan. To tell one that this report can be used for loan modification purposes and the charge fees for that but will often not do anything in return.

Often phony seminars are scams. These seminars offer one free tickets initially. But when one goes there, one finds out that those free tickets were given to make one purchase tickets to additional seminars. The scammers make it sound as if these seminars are amazing but they usually have nothing great.

Conclusion

One must always be cautious of scams as they result in heavy losses. These tips above, by DC Fawcett will surely help in identifying and avoiding scams.

Save

Common Real Estate Investment Mistakes

DC Fawcett Most Common Real Estate Investment Mistakes

Real Estate Investment  has been “The thing” in people’s mind. When they think about making big money as the demand for real estate? is ever present as people need properties for various reasons. But in most cases real estate investments are heavily re-sellable and with it comes a lot of economic advantages. The motivation behind is very clear, which is to become rich and/or to have stable source of income. But this is also a market which is as risky as it gets as it deals with people and their hard earned money. When those two are clubbed together? a lot can go wrong. If things aren’t done right and in that light here’s a review from DC Fawcett’s most common real estate mistakes. People make when it comes to real estate investments and to avoid them.

Not Doing Your Homework

Real Estate Investments and Sales is a discipline like every other profession and getting into it. Without proper guidance and research can spell doom to you and your family. Thus it is always recommended to gain as much knowledge as you can about real estate investments and sales. Try attending seminars or reading books or even going through online crash courses (There’s plenty of them including one from DC Fawcett Real Estate Investing Advice as well) and then start breaking eggs!.

Heart Over Head

Real Estate Investment is a costly affair but most of them times it’s also an emotion driven activity. By letting your emotions cloud your judgement you might not actually. Put your best efforts in negotiating a proper deal which leads to loss or even trickery.  Constantly ask yourself with questions like – Will it provide the kind of returns that you expect? Will this location attract tenants? Will it have more re-sale value?.

Always go with logical reasoning rather than going with what appeals to you and your family’s lifestyle and preferences. Because at the end of the day it is a business not a home affair.

Buying the Wrong Property/Buying Without Seeing and Checking the Property

Many times people commit this “sin” of buying a property without actually seeing and checking it. Thoroughly in person, which in most cases leads to people investing in the wrong property. Prospective investors have to be cautious as the ads and agents might not reveal every nitty-gritty detail of the deal. It is always advised to check everything in person multiple times and here at DC Fawcett Real Estate Investments that’s one of the biggest advice that we give to our clients.

Trusting Everything a Real Estate Advertisement Says

Don’t take everything that you read or hear as a fact, there are many faulty ads out there that you need to be aware of! But how do you identify them? Well just by following this old adage of “If it’s too good to be true, it probably is” or by hiring an experienced agent/agency.

Not Hiring an Agent and/or Hiring the Wrong Agent

Real Estate business is a puzzle with its own set of hurdles and it’s always advised to hire an agent. who can help you out with all the procedures? involved and to deal with things that you don’t know how to, because let’s face it. If you are not a real estate agent yourself then there’s a lot that you don’t know about this field just like how you might know how to do a cardiac surgery if you aren’t a cardiac surgeon so always hire an agent but the right agent that you need for your requirements. But how to pick the right agent? Well you can either go by their reputation or if he/she is a newcomer treat your first meeting with them as an interview. Because at the end of the day they are going to work for you!.

Conclusion

It is everyone’s dream to make big money and have secondary and back up sources of income and most of them turn to real estate investments for this need and the suggestions given above by DC Fawcett are some of the many pointers to have a hassle free experience which can be followed by aspiring realtors when you are planning to invest in real estate next time follow these tips for better results. Luckily this isn’t the end as DC-Fawcett Real Estate Investment Club offers more insight and guidance through their online courses and materials to make your journey in the world of real estate investments more fruitful and happy.

Save

DC Fawcett Real Estate Money basics

DC Fawcett Real Estate Money basics

Individual state laws and real estate regulations control the use of earnest money in day-to-day real estate transactions. Those who are involved in real estate transactions need to know the state rules very well regarding the earnest money. Especially the failed transaction with dispute.

DC Fawcett is well known in the real estate market. He can tell you about real estate earnest money.

Facts about real estate earnest money

Here are the facts about real estate earnest money.

  1. Earnest money is a deposit that the buyer makes to the seller, thereby gaining the seller’s trust in a transaction. It is very often used in real estate transactions and allows the buyer to take extra time while seeking finance. For both, buyer and the seller hold the earnest money in a trust or escrow account.

  2. The escrow account shows the seller about buyer’s genuine interest in buying the property. Once the transaction gets through, it is treated as a down payment. If the transaction falls through, the buyer may not be able to claim for the deposit. However, the seller cancels the deal. The buyer will get back the deposit amount.

  3. If the buyer is unable to purchase the property as per the agreement. The third party like real estate agent or the title company holds the money. Till it is closed where it is applied to the cost price.

  4. In some states, the seller is entitled to keep the earnest money on breach of contract. The seller can also force the buyer to purchase the property if the latter checks the box.

Earnest Money – Advantages

  1. Good Faith deposit

    When the buyer and the seller enter the contract, the earnest money deposit will set the offer for you among other applicants. VA loan process approves the loan.

  2. Buyer Protection

    If the buyer issues the check as earnest money check, it means that he/she is a genuine buyer. It helps the seller to get the attention they are worth. A solid contract between both the parties supplemented with earnest deposit. Shows that both the parties have the resources and interest to sign the deal. If the buyer builds up a good relationship with the seller by means of showing good will, with sufficient deposit, they will be in a good position to negotiate more favorable terms.

  3. Seller Protection

    Buyers will lose their earnest money if they falter on a real estate transaction. It gives a financial guarantee to the seller that the buyer will not withdraw from the contract without any genuine reason.

  4. Flexibility

    The earnest money differs depending on the area you live. To determine the local customs of the state, the best thing is to converse with an experienced real estate agent and negotiate with them. The price on the particular property depends on the market competitiveness and other market oriented factors.

Disadvantages

  1. Escrow money works out only if the buyer and the seller are authentic.

  2. If the house cannot pass the inspection, the buyer can walk out of the contract with the refund. This is a disadvantage to the seller.

Save

real estate

How To Become a Flourishing Real Estate Agent – DC Fawcett

Introduction

In this article, DC Fawcett, a popular real estate investor and mentor, gives you tips on how to become a successful real estate agent.

Planning is the most important

While reading up and conversing with people in the field are important, the most crucial step is to plan ahead for the things that follow. According to DC Fawcett Without this you are unlikely to taste success.

Have an extra source of income

There should be an additional source of income at the start of your career. As a beginner, you may get nil commission or may not get regular commission. So until you get set, keep your day job or save up at least for a year. Then you will still be able to pay your bills without commission.

Choose a tutor with sound training

You cannot do it all by yourself. It’s almost impossible to gain proper knowledge about the real estate business without tutelage. So, choose a mentor with fine training and experience to teach you or offer to assist him in deals. Get involved in various deals and learn the various steps in selling. You have to know how to comprehend and elucidate real estate documents like liens, encumbrances, title insurance and so on. When you practice alone, it will be much easier if you have seen these documents already.

Create an efficient contact management system

As a real estate agent, you have to work with many people like loan officers, mortgage brokers, inspectors, buyers, sellers, investors and others. So, you will have to find a systematic way to note down these contacts, locate information about them and follow them up when required. Hence, you need to form a methodical contact management system.

Use the web

Use the internet to contact buyers and sellers. Some of the old timers may tell you that it’s not a necessity and their business may continue to flourish due to an established track record. But you need the web to pool in customers. So invest capital for creating a solid web presence.

Conclusion

From the above paragraphs, you can arrive at the following conclusions. For a real estate agent, it’s not really hard to get the license. The real challenges open up when you enter the field and do not have inflow of cash for the first 3-6 months or beyond that. Friends and relatives whom you thought would buy or sell may put down their hands in the last minute or make you wait for a long time.

Saving ahead for 6 months or beyond will help. While, initially you start contacting people through the telephone, you have to build a strong online process for this eventually. You can invest part of your savings for building this online contact management channel. You have to gain practical skills by associating with a senior real estate agent who is knowledgeable and experienced. Before you set your foot into the actual business, you should have a proper plan. On the whole, being a real estate agent is a prospective career in spite of initial hiccups.

Save