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Portrait of a pre-foreclosure peacemaker

Housing Wire

That means the buyer will need to pay in cash or use non-traditional financing such as a hard money loan. More than 67,000 (64%) of those sold to owner-occupant buyers, most likely on the retail market via the multiple listing service (MLS). These scenarios are not like vanilla deals,” Sandoval said.

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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Listing websites: Sites like Zillow, MLS, Realtor.com, and LoopNet list properties for sale. Hard money loan: These loans typically have a short-term period of 18 months or less (but some hard money loans can be as long as three years) and involve a lender or investor giving you money directly.

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How to Buy a Preforeclosure Home in 9 Steps

The Close

Options for investors include the following: Fix-and-flippers: They use a hard money loan to buy preforeclosures that need extensive repairs, then flip the property for a profit to pay off the loan. Unlike regular property listings, you won’t always find preforeclosure listings on the MLS or popular real estate websites.

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How to Buy a Multifamily Property in 10 Steps

The Close

If you need access to your local MLS, contact a real estate agent in your area to gather data or create a rental market analysis. For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live.

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How to Buy Multiple Rental Properties With Financing Options

The Close

They provide access to multiple listing service (MLS) notifications directly to your inbox with new listings based on your criteria. Non-agents don’t have access to the MLS, so working with an agent helps you stay informed and make better decisions. Zillow pulls its listing info from both MLS and other sources.

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How to Start a House Flipping Business in 7 Steps

The Close

While you’ll need money to buy properties, most flippers don’t rely solely on their funds. They usually find financing through hard money lenders or loans made just for flipping houses. The borrower qualifications are more lenient but with shorter loan terms and higher interest rates. Course platform.

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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. For example, a homeowner and lender agree to sell a house for $200,000 even though there is a balance of $250,000 on the mortgage loan. Short sales can typically be found through the MLS database or your buyer’s agent. Pre-foreclosure.