Fresno Real Estate Resources

First, I strongly advise you to use the How To Get The Paperwork For Your Deal to get the right paperwork for your real estate investing from someone who is both local and can advise you on how to use the paperwork correctly.

I am NOT an attorney. I am not qualified to teach you contract law. I am not qualified to teach you how to fill out a contract. With that being said, I get requests all the time from real estate investors who ask me for a real estate contract they can use to buy property.

I strongly advise you again to use How To Get The Paperwork For Your Deal, but if you want a basic real estate contract to take to your dream team to get changes made that are appropriate for what you are trying to do and for your local laws and market then you can start with this very, very basic real estate contract.

I cannot stress the important of my warnings above to you: you need to learn the proper way to fill out a contract from someone that is qualified to teach that. I am not qualified to do so. You should have all your contracts reviewed by an attorney on your dream team that is representing you and your specific interests.

There are lots of real estate courses that will give you a contract to use and do not educate you, or even more frightening is they try to educate you in a few pages, on how to fill out a contract. It raises the hair on the back of my neck; it is that scary. While 9 times out of 10 you may be fine filling out a generic contract--even filling it out wrong. You'll only know how valuable this is when you run into a problem with your transaction and that could wipe you out completely financially if you did not get advice up front.

Until my next post,

James

I want to share with you some information about a property in Fresno located at 633 W Weldon Ave. This particular property is for sale and was submitted by one of our researchers, but I'll be using it as an example. If you want to run your own full investor analysis on this property, you can do that using our Offer Generator.

In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.

As you can see from the table above, if we assume an appreciation rate of 6.9% per year, then the property value eventually reaches $97,442 after 10 years.

Have you ever wondered how you can reach thousands of potential sellers in Fresno with your own personally delivered message without spending all day on the phone wearing out your voice? The answer is Voice Broadcast. If you're curious about this specialized marketing technique, consider investigating Jassen's CD titled Buying Houses with Voice Broadcast. It may be an eye-opener.

Keep on investing Fresno,

James

With a lot of folks facing challenging local real estate markets there has been a lot of talk lately about wholesaling outside of your local market or virtual wholesaling.

Yes, wholesaling outside your local market can be done and a lot of the tools I teach can very easily be adapted to this type of investing, but I have one warning for you before you start and before I continue to share some information about it: if you are not willing to do the work that is required to build a buyers list, find deals and talk to buyers and sellers about properties in your local market, then doing it across the country still won't work for you.

With that being said... if you are willing to build a buyers list, talk to motivated sellers to find deals and put them under contract then talk to your buyers list as they inquire about the deal, then yes, this is a viable business model.

In fact, if you sort of cross your eyes funny, it is the exact business model I run here on these sites except I am doing it with a real estate license and skipping a few steps as I'll show you below.

For real estate investors that do not have a real estate license here is a basic overview of how the process works:

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We have analyzed this deal to see how this particular single family home in Fresno would be as a rental property.

Where is this property?

It is located in Fresno, CA. The property address is kept private to preserve the deals for our members. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about Deal #4065 and they can give you the full details about this property and help you in purchasing it. This particular property was submitted to the Fresno Real Estate Resources Website featuring real estate investor articles and local deals.

How did we find this property?

We found this property from one of our real estate investor friendly agents/brokers or one of the real estate investor wholesalers we know in the Fresno area.

Learn to find motivated sellers using marketing in Buying House with Bandit Signs. This CD is included as part of the 68 CD Ultimate Real Estate Investor Package that you get when you purchase any house we promote on the website through our recommended real estate agent or broker. To work with our preferred investor friendly real estate agent/broker for this deal, contact us about real estate Deal #4065 and they can give you the full details about this property and help you in purchasing it.

The Story

Before we get into our full analysis, here is some of the interesting story for this particular deal:

This property is convenient to California State University-Fresno.

Property Details

• Bedrooms: 3
• Baths: 2.00
• Square Footage: 1,067 (see square footage estimates for info)
• All information is deemed reliable, but is pulled from tax records, real estate agent, zillow or the seller.

Income

• Gross Rent: $1,225/month (see Rent Estimates for more info)
• 4.00% Vacancy Adjustment: $49/month (see Vacancy Estimates for more info)
• Net Rent: $1,176/month
• NOTE: These numbers are for traditional rental income and NOT a rent-to-own. Rent-to-own analysis follows below.

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To start 2009 off right, this week we are giving away Secret No Money Down Tips and Tricks as the free download when you start and finish a game on the Learn To Be Rich™ game this week.

Just register, login, start a new player and play a complete game and at the final game summary page you will see a link to download the course.

Each week, we change the course that you can download for playing a new game and finishing it that week.

Have a great 2009 investing and playing the game.

Until my next post,

James

With one or two properties tracking insurance is pretty straight forward and easy to remember, but adding a few more investment properties and tracking insurance becomes a much more challenging issue. In my office, we use a Property Insurance Report to keep track of insurance on all our properties in a nice summarized page.

On our Property Insurance Report, we track several things. Beyond the basics like property address and the insurance company name, we also track

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A less thought of but very powerful advantage to buying houses "subject to" the existing financing is the ability to buy houses using your corporation or LLC.

Since you are not qualifying for a new loan your corporation or LLC can be the buyer on properties that you are purchasing "subject to" the existing financing.

If you are concerned about Asset Protection and/or privacy of ownership, using an entity can prove to be very helpful.

Often real estate investors will use a trust--in addition to their corporation or LLC--when buying a property "subject to" the existing financing. This is NOT because a trust will not trigger any due on sale clauses, but because it can add an additional layer of asset protection by keeping your name off public record.

See your attorney for more information about how to structure an asset protection plan for you unique situation.

Until my next post,

James

We just had a researcher submit some very basic information about a house for sale in Fresno to us and I wanted to share that with you. From time to time, I'd like to take a property submitted to us by our users that is for sale and show you how changes in one (or more factors) can affect various aspects of your investing. This particular property submitted for Fresno, California Real Estate Resources is located at 2706 W Ashlan Ave, Fresno, CA 93705.

In the table below I show what happens to the value with a modest appreciation rate. Can you have years where this (or any other property for that matter) go down in value? Yes. Might it not go up by as much as we are estimating? Yes. Can it go up by more? Yes. Only time will tell what will happen.

As you can see from the table above, if we assume an appreciation rate of 4.6% per year, then the property value eventually reaches $61,148 after 10 years.

It can be a real challenge for new investors to get and stay motivated as a real estate investor in Fresno. Jassen has gone ahead and recorded an audio CD called Stop Whining and Start Investing in Real Estate. In that audio CD and members only password protected website, you can learn some great skills for getting motivated and taking action toward your first few successful real estate deals.

Keep on investing Fresno,

James