Buffalo Real Estate Resources

Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 157 Zenner, Buffalo, NY 14211.

Since this 4 bedroom, 2.00 bathroom property has an asking price of $9,999, let's take a look at what various offers would mean in terms of price per bedroom. Then you can select the offer price you would like to run further analysis on using the Offer Generator.

As you can see from the table above, if you know that rents in Buffalo can support a certain price per bedroom, you can use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

By the way, we do have a great deal analysis audio CD where Jassen teaches exactly how to look at Buffalo real estate deals. It's called 3 Ways to Analyze Deals for Real Estate Investors. In that audio CD and members only password protected website Jassen goes into neighborhood selection criteria and how to select your own neighborhoods, buying houses cash and the formulas we use for structuring offers that way, buying houses subject to the existing financing where you agree to make payments on the sellers existing loans and the offer formulas we use for those plus much more. We even include our Net Operating Income Worksheet for making those offers as well.

Until next time,

James

You will need to find a great local insurance agent that understands what you are doing when you are buying houses "subject to" to the existing financing to make sure that property is properly insured.

An Insurance Agent is a key member of your Real Estate Investing Dream Team whether you are buying traditionally or buying "subject to", but since the loan remains in the seller's name, it is important to make sure that your insurance agent writes the correct policy to make sure that you are insured properly.

Remember that insurance premiums can vary widely from company to company for very similar coverage amounts. Be sure to get competitive quotes and to get the quotes BEFORE you buy the property. It is best to know your insurance expenses before you commit to buy a property.

Until my next post,

James

Once you buy a house "subject to" the existing financing, you'd like to be able to sell or occupy the property quickly and with a huge marketing advantage right? Well, being able to offer the property on a "Rent To Own" can give you that marketing advantage and get your property sold or occupied very quickly--especially in our current credit markets.

By offering creative financing options like a "rent to own" to folks with less than perfect credit, but with enough income to afford the property you offer something that only a small percentage of sellers are offering in your market.

Provided you can collect a large deposit toward the purchase and make sure that the

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In my last few articles, I discussed how buying a house subject to the existing financing is similar yet different from leasing a house with an option to buy. I talked about how one is not necessarily better than another, but that each has its advantages and disadvantages depending on what you are trying to accomplish.

Now, I will share with you a strategy for making an offer to buy a house subject to the existing financing where the similarities between "subject to" and "lease options" are used to make a stronger, more understandable offer to a seller.

First, you might suggest in a trail close something like this:

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Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 163 Keystone, Buffalo, NY 14211.

In this particular example, let's take a look at what happens to the value of the property over a number of years from appreciation.

As you can see from the table above, if we assume an appreciation rate of 1.4% per year, then the property value eventually reaches $8,044 after 10 years.

Until my next post,

James

Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 107 Forman St, Buffalo, NY 14211.

I am going to do do some calculations on this Buffalo property. It is a 6 bedroom, 2.00 bathroom property located at 107 Forman St that has an asking price of $21,000.

As you can see from the table above, if you know what a typical Buffalo property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

Do you want to get a bigger paycheck when you buy your next rental property in Buffalo? If yes, you might be interested in the strategies shared on Jassen's CD Get Paid To Buy Houses - Collect Cash at Closing.

Until next time,

James

Here's another Buffalo property that was submitted by a user that we will use as a teaching tool for our Buffalo, New York Real Estate Resources real estate investors. The property address, in case you want to look into it in more detail is: 9 Colton St, Buffalo, NY 14206.

Let's take a closer look at some calculations for this 3 bedroom, 2.00 bathroom property located at 9 Colton St that has an asking price of $70,000.

As you can see from the table above, if you know what a typical Buffalo property sells for on a price per square foot basis, you can quickly use the information provided above as a starting point for making your offer. Click on the Price Paid above to start your own analysis on this property using our Offer Generator investing tool.

Keep on investing Buffalo,

James

The title of this article: "What's Better: Lease Options Or Subject To" is misleading because each one has its pros and cons. Neither using a lease with an option to buy or getting ownership and paying on an existing mortgage is always better or worse than the other. In fact, there are times when you'd be better off using one and times when it is to your advantage to use another.

In two previous articles, I discuss how "subject to" is similar to "lease options" and how they differ. In this article I will share an example of when it might be better to use one over another. Of course, there are other examples that you might discover based on your unique transaction, real estate market or personal situation, but here are two examples.

Here's the first example: if you are uncertain about whether a real estate market is going up or down do you want to commit to owning a property? In times when the market has a strong chance of going down, it might be a an advantage to

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