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Who is Rick Otton in the Real Estate Industry?

Real estate is not complete without hearing the name of Rick Otton. Well, for those who do not have any clue on who he is, this article will enlighten you on who Otton is in the financial industry and what contributions he has given to many investors.
First and foremost, Rick Otton is often known as the promoter of real estate property investors. He is also identified to be the main innovator of constructive property techniques. For this reason, he serves as an inspiration to many business investors in the specialized property industry. Aside from that, he is also the one who founded one of the most leading property organizations in the world. This property organization is called We Buy Houses. As a matter of fact, he is the CEO of the company.
The success of Rick Otton in the industry is attributable to the fact that he knows how …

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Factors to Consider in Choosing Real Estate Investments

Real Estate Investment can bring you a lot of money but it can also leave you with nothing. Depending on your skills and knowledge, there is a possibility that you will find gold in property investment. However, there are many things to consider when it comes to real estate investment. Like any other business, before you enter in the real estate world, you should always know the do’s and dont’s of the business. If you have a friend, colleague or relative that is in the field of property investment, then it is wise to ask for some advice. As much as possible, maximize the resources around you, so will not be left wondering. However, if you do not have someone who can teach you regarding real estate investment, listed below are some of the things you should keep in mind before penetrating the real estate world.
Factors to consider in …

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Should You Try It Alone Or Join a Vulture Fund?

This morning at the health club, I ran into one of my long time friends, and I asked him if what I read in the newspaper was true. The paper reported that the bank where he is chairman was sold to a much larger institution. He confirmed that it’s true, and needless to say, a bunch of his cash is going to be made available to him in the near future. I asked him what he planned to do with some of that cash, and he told me he was planning to get into the short-sale game and start finding houses that he could buy, fix, and flip – or hold – depending on the circumstances.
I immediately cautioned him, the same way I caution the readers of this column, that the short-sale game is not for the faint of heart, and if you’re not a professional investor, there’s a …

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3 Key Real Estate Investment Requirements

My favorite way to invest used to be in the stock market. I loved the idea of buying stock low and selling high and making a bunch of money while sitting at my desk doing nothing but reading a few corporate reports and the Wall Street Journal every day.
Of course, if you’ve watched the stock markets the last 2 1/2 years and not lost your mind than you are to be congratulated! Me, on the other hand… well I haven’t lost my mind but I’m certainly tired of watching the market shoot up and drop down and then climb back up and then drop back down again. It’s enough to give a guy a heart attack! Sure I realize we’re in the midst of a massive recession but still I like my investments to be a little more steady and that’s why I have begun to focus on real …

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Balloon Mortgage Basics for Real Estate Investment

Balloon mortgage is a type of loan which is short term loan having lower interest rates and lower monthly payment options. In this type of loan the term expands from six to seven years. After the termination of the loan period you are generally left with balance outstanding in your principal amount.
You can either plan to pay off this balance principal or you may plan to sell the house and pay the balance principal out of it or another way could be refinancing again through mortgage. This mortgage has lot of differences as compared with the other type of fixed rate home loans. In this type of mortgage, full payment at the maturity of the mortgage is not given. And eventually the monthly payment gradually expands like a balloon hence the name balloon mortgage has arrived.
If you are eager in buying a house of your choice and cannot …