Posted on May 11th, 2009 by Lindsey Harper

Today, it’s very possible to find a house for sale for less than you would normally pay. In fact, you can find a home for as little as $1. That’s the type of deals I found at an online auction site.

Hello, it’s Lindsey Harper here to show you how you can save big if you are interested in real estate investments. I’d like to show you an example. It is with the Lansing, Michigan home pictured above.

This home is currently available for bidding until Wednesday, May 13. As of this writing, the home is available for a minimum bid of $1. This is a banked owned property. It has 1344 total square feet and was built in 1917. The two story home has three bedrooms and one bath.

Lansing Michigan House for Sale

Of course, you can imagine that a house for sale at such a low price is going to be in need of repairs, and you would be correct. The online auction site gives you photos of the inside of the home so that you can see what you’re dealing with.

Investing only a $1, that means you have more money to put into repairs. If you are interested in real estate investments that makes this house a good deal to look into.

Look at this local real estate auction that I found at Government Auction Network. They list local real estate auctions, government foreclosures and bank foreclosures. No matter where you live in the United States, you’ll be sure to find something that will interest you.

My focus is always on the best deals possible, and if you’re like me, you’ll be sure to find those at Government Auction Network.

You can contact me with any questions you may have. Simply click on “About Lindsey” then click on “Just Ask Me.”

Government Auction Network – online auction site – real estate investments – house for sale

Posted on April 23rd, 2009 by Lindsey Harper

In today’s word, with our current economy, you will find a foreclosure for sale more often than not. Although this is a difficult situation for people losing their homes, it is good news for buyers because these properties are re-sold for far less than what they are worth.

I found this lovely house for sale in Washington for the low price of only $109,900. The listing price for this house is much more than that at over $278,000. So this house is quite a steal! It has three bedrooms and two baths – 1,134 square feet. You’ll find it at 11 East Treasure Place in Shelton, Washington. The home was built in 1994.

Foreclosure for Sale Shelton Washington Home

When the lender seizes a home and re-sells it, they want to get rid of it quickly. There are various ways to find property that has been foreclosed, but not all of those ways are convenient. We all live busy lives, and we can all benefit from a service that presents foreclosure for sale property in one place.

For one of the most useful sources, go to Government Auction Network. That’s where I found this lovely home. They have a comprehensive list of foreclosure for sale property all over the country. Real estate deals are some of what Government Auction Network will provide, but you will find great deals on vehicles and other stuff too. So, I call Government Auction Network my one stop shopping source when I’m looking to save money. There really is no need for me to go anywhere else.

It’s very easy to take advantage of these incredible bargains. Simply join the site now and get started. The great deals are waiting for you.

Government Auction Network – real estate deals – foreclosure for sale – home for sale in Washington     

Flipping houses is becoming increasingly popular. Unfortunately, since the idea is very popular it is creating some competition among those who would love to try it out for the first time. Since there is an increase in competition it often serves to raise the costs involved in purchasing the profit, which will only lower the profit potential. However if you find a good property and feel that the deal is a good candidate for a flip you can ask yourself the following questions to help determine whether or not the flip really is a good candidate.

1) Have you had a qualified inspection and determined that there are only minor repairs that need to be made to the property and the landscaping? This is very important because every repair and improvement that needs to be made will spend more and more of your budget. You will want to finish the flip with as little money invested as possible in order to get the biggest return on your real estate investment possible.
2) Is the property suitable for the neighborhood? By this I mean is the property a three-bedroom house build for families in the middle of a retirement community or is it a one bedroom, cottage-style home in the midst of family houses? These aren’t exactly the best matches and can cause serious problems when it comes time to sell.
3) Can the neighborhood handle the price you will need to bring from the property? If you are trying to create an upscale home in a middle class neighborhood you setting your self up for a loss on your investment. You will want to find a flip in need of repairs, that is selling for cheap in a neighborhood of better homes so that it will be able to bring in the profit you are hoping to get when it is all said and done.
4) Can you afford to make the changes you want for the house on the budget you have alotted and without drastically changing the structure of the house? This is a biggie and one that often gets overlooked. You usually do not want to start knocking out walls or making additions when flipping a property. That is something you should leave for the new owners. You don’t want to make any waves if possible and only make the changes improvements that will raise the value of the home.
5) Can you improve and raise the value of the property enough to make it worth your while in a short period of time? This is another big deal when it comes to a house flip. It takes time and money to make the changes that most “flippers” have in mind for their investment, especially first time flippers. Do you have the motivation and time to stick with it and all the money to cover the carrying costs while you making the changes and improvements?
6) Is the property in a high demand neighborhood, city, etc. for selling properties? 1 more mistake would be buying in areas that are hard sells for buyers. It is often quite easy to find the lower priced properties that look appealing at first however; if you can’t sell the property you purchase to flip, it really does defeat the purpose of putting all that time, effort, and money into making the repairs and improvements.
7) How much ofthe work can you do yourself, or will you need professionals and if so, will it still be cost effective? Be careful that you do not overestimate your abilities in this if possible. It is awesome to think you can put down a hardwood floor with quality work, but the reality of actually doing it is quite another thing all together. Be sure you completely understand the potential costs involved in the deal and whether or not the property will be profitable in the worst-case scenario.

Answer these questions when checking out potential real estate investment and house flipping properties and you should be well on your way to a successful flip, at least as far as the selection of the property goes. You should also try to find a house to flip that you might like as you will probably be spending some time there.

Please don’t forget to check out my blog at http://cashmoneyhousebuyerblog.com