FAQ: Real Estate Investing | Real Estate with Bad Credit | Fixed Rate Mortgage | Home equity loans | Bad Credit Loans | Equity Refinancing

Welcome to the Hughes & Hughes Financial Services Real Estate Investing Frequently Asked Questions Area!

While this list is by no means comprehensive, it is intended to provide our clients with a bit of clarity on the basic question surrounding Real Estate investing, enabling them to make better, more profitable decisions.

How do I start Real Estate Investing?
The best three things you can do is to purchase a good course that teaches you the basics. go to a local real estate club will teach you the basics and keep you focused on your goals and contact Hughes & Hughes Investment Services for the straight and honest scoop on creative financing.
Find a local Real Estate Club here.

How can I invest in real estate with bad credit?
There are a variety of methods to get started in Real Estate investing, regardless of income or credit. The key to being successful in these areas is to be creative. For instance, with no credit, you could find a partner who has good credit who will be willing to join in on your investment property. You could apply for one of our special investment loans that don't require a credit score provided the property meets the correct criteria. There are plenty of ways to get started without credit...contact a Hughes & Hughes Financial services rep today to find out just how easy it is to get you financed for your dream property!

Do I need a Real Estate License to invest in Real Estate?
No you don't. You can purchase real estate as an individual owner. Many people have purchased property and do not have a real estate license.

What is a foreclosure?
A foreclosure is when a bank has not received payment on the mortgage and starts legal proceedings against the mortgagor (the people who owe money). These legal proceedings can take up to a year into moving the property up to an auction date where it is sold at the court house to the highest bidder.

What is a short sale?
A short sale is when a bank will sell the property to a third party normally during the foreclosure process. This saves the Bank time and money instead of dragging the property out to the auction date.

How can I estimate house reconstruction/rehabbing costs?
One good way of estimating damages is to get to know a local housing inspector. They will professionally estimate how much will be needed to rebuild or renovate a home.

Do the rehab work yourself. Start off small and work your way up to larger projects. By starting off small, you will be able to determine how many man hours it will take to complete a given job in addition to the parts and materials each will need. By doing the jobs your self you will become much more adept at estimating the rehab cost to do a property as well as become more proficient in rehabbing construction work...and save a ton of money too!