Real estate investing education for free

Every experienced real estate investor understands that to succeed in property investing you need to study special texts, learn different investing techniques and never stop searching for new information.
But what if you just recently decided to start investing?

You would like to improve your financial situation and build serious wealth using the oldest, most reliable form of investment on earth but have no idea where to start. Maybe you think it's a good idea to attend a "super" seminar for $10 000. Will it be just a plain waste of money and time? What if at the end you decide that fixing toilets and arguing with tenants is not your favorite kind of hobby and would rather do something else? Great, but you just lost a valuable time and money in the process by learning something that you will never really use in your life.

I have some very good news for you. You can start learning different ways of real estate investing completely for free by using many valuable Internet resources described below. In most cases the information presented is completely free, but in some instances you will have to provide your e-mail address.

One of the easiest and safest ways to start gaining real estate investment experience and some spare cash for your future deals is by bird-dogging, or in other words, providing qualified leads to more accomplished investors. You don't need money or good credit to start as a bird-dog and you will learn a lot working with real investors and real deals.

The Real Estate Jobber Course written by Barry Grimes is devoted exclusively to all aspects of real estate bird-dogging. It includes five massive volumes with over 1,000 pages of material. Download the first volume for free by clicking here:
http://www.shop.reidepot.com/Grimes/

The Lease Option (Lease Purchase, Rent To Own) method of real estate investing also doesn't need a large amount of initial cash investment and good credit ratings. It also can be done in your spare time without excessive risks, but this technique is more involved from the procedural point of view and needs a higher level of knowledge and experience than bird-dogging.

Several years ago two famous real estate authors Peter Conti and David Finkel released a very practical and informative book called "How To Create Multiple Streams of Income Buying Homes in Nice Areas With Nothing Down!" devoted mostly to the Lease Option method acquiring and controlling real estate without actually buying it. You can buy this book in your bookstore for about $20.00, but why would you want to do that when you can get this book for free from the author's web site at:
http://www.resultsnow.com/freebook.php

Arguably one of the most profitable ways of property investing is buying foreclosures or pre-foreclosures. A foreclosure or distressed sale begins when the owner stops making mortgage payments. Thousands of investors make a business out of buying foreclosures for profit. The main problem here is that you have to know what are you doing if you want to avoid big and costly problems.

To download the popular book "How to Buy Foreclosures", plus an additional book which will help you to fix all your credit problems, just trade your email address here:
http://www.reidepot.com/subscribeform.html

Many homeowners with little or no equity at all have big difficulties selling their property because they have to come up with additional cash to pay for real estate agents' sales commission and so they are ready give up this property for free. If an investor takes this property without qualifying for the new mortgage and continues to pay the original owner's mortgage payments he is taking this property "subject to existing financing". Some lucrative deals could be done here.

Again, instead of buying the very informative book by Bill Gatten called "No Down! No New Loan!" in the bookstore, download the electronic version of the book for free from the author's web site at:
http://www.landtrust.net/articles/index.jsp

You can make hundreds of thousands of dollars by buying a run-down house at the right price, using the correct finance structure, fix it up for the least possible cost and then sell it for maximum profit, or hold and use the newfound equity to help fund your next property.

To read several free chapters from the bestselling book "Fixer Upper Profits" by Sal Vannutini please visit this web site:
http://www.fixer-upperfortunes.com/

I barely scratched the surface here. If you are persistent enough, you can find much more free valuable real estate investing educational materials, including more free books, reports, real estate forms and even free audio and video presentations. Fire up your computer and start searching.

Here are two more links that you will find very helpful:

The first link is an internet forum called "Links to every free real estate ebook known to man" belonging to the author of the best-selling book "Magic Bullets In Real Estate" by Dan Auito.
http://www.magicbullets.com/forum/forumdisplay.php?f=38

By following this second link you will find a page where many other free real estate investing books, courses, reports and audio recordings are listed.
http://www.reidepot.com/links/freebies.html

The real estate industry has created more millionaires than any other area of business; so don't let the lack of money stop you from learning this enormously profitable way of life.

Good luck!

Alex Bezborodko

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Alex Bezborodko is owner of REIdepot.com - directory of real estate investing resources: courses, books, tapes and software rated and reviewed, plus free real estate articles, forms and message boards
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Assignment Of Mortgage

THIS ASSIGNMENT OF MORTGAGE (hereinafter referred to as the "Assignment") is made as of this __ day of ______, 20___ by ___________________, whose address is ___________________________ (hereinafter referred to as the "Assignor") for the benefit of ____________, whose address is ______________________ (hereinafter referred to

W I T N E S S E T H :

WHEREAS, Assignor is the holder of that certain Mortgage together with the debt and Note secured thereby, in the original principal sum of _________________ Dollars ($_________) given by __________________________ as "Mortgagor", which Mortgage is recorded on the Public Records of ____________ County, ________ at O.R. Book ____, Page ____ and which Mortgage encumbers and is a lien upon thatcertain real property described in Exhibit "A" attached hereto and by this reference made a part hereof (hereinafter referred to as the "Premises"); and,

WHEREAS, Assignor is desirous of assigning said Mortgage, together with the Note and the debt therein described, to Assignee; and

WHEREAS, Assignee is desirous of receiving and holding said Mortgage, together with the Note and the debt therein described, from Assignor.

NOW, THEREFORE, for and in consideration of the sum of _____________________ Dollars ($___________) paid by Assignee, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by Assignor, Assignor does hereby make the following assignment:

1. Assignment. Assignor has granted, bargained, sold, assigned, conveyed and transferred, and by these presents does grant, bargain, sell, assign, convey and transfer unto Assignee, its heirs, successors and assigns, forever all of its right, title and interest in, to and under said Mortgage described above, together with the debt and Note secured thereby; together with any and all rights, interests and appurtenances thereto belonging; subject only to any right and equity of redemption of said Mortgagor, its successors or assigns in the same.

2. Warranties and Representations. Assignor hereby warrants and represents that it is the present holder of the above described Mortgage and that there are no other holders of said Mortgage or any interest therein nor is there any default by mortgagor therein or in the note and debt secured thereby.

3. Governing Law. This Assignment shall be governed, construed and interpreted by, through and under the laws of the State of ________.

4. Headings. Paragraph headings contained herein are for convenience of reference only and are not to be used in the construction or interpretation hereof.

IN WITNESS WHEREOF, Assignor has executed and delivered this Assignment to Assignee on the date hereof.

Witnesses: "Assignor"
_________________ ____________________,

__________________

STATE OF _______)

)

COUNTY OF ______)

THE FOREGOING instrument was acknowledged before me this ___day of ____________, 20___, by __________.

________________________

Notary Public

My Commission Expires: _______

Memorandum of Contract For Sale And Purchase Of Property

This is a Memorandum of that unrecorded Contract for Sale and Purchase of Property ("Contract"), dated ____________, between ____________________________, (hereinafter referred to as "Seller"), and _________________________, (hereinafter
referred to as "Buyer") concerning the real property ("Property") described in Exhibit "A" attached hereto and made a part hereof by reference.

For good and valuable consideration, Seller has agreed to sell and Buyer has agreed to buy, the Property upon the terms and conditions set forth in the Contract, which terms and conditions are incorporated in this Memorandum by this reference. Except as provided in the Contract from the date hereof, Seller shall not have the right, with respect to the Property to enter into any new contracts, leases or agreements, oral or written, without the prior written consent of Buyer.

This Memorandum is not a complete summary of the Contract. Provisions of this Memorandum shall not be used in interpreting the Contract. In the event of conflict between this Memorandum and the Contract, the Contract shall control.

IN WITNESS WHEREOF, the parties have executed this Memorandum on _____________, 20__.

Witnesses:

SELLER:

_____________________ ______________________

_____________________

_____________________ ______________________

_____________________

PURCHASER:

_____________________ _____________________

_____________________

_____________________ _____________________

_____________________

STATE OF _______________)
)
COUNTY OF ______________)

The foregoing instrument was acknowledged before me this __ day
of ____________, 20__, by ________________ as Seller.

_________________________
Notary Public

My Commission Expires: _________________

STATE OF _______________)
)
COUNTY OF ______________)

The foregoing instrument was acknowledged before me this __ day
of ___________, 20__, by _______________ as
Purchaser.

_______________________
Notary Public

My Commission Expires: _________________

Agreement Of Mortgage Assumption

THIS MORTGAGE ASSUMPTION AGREEMENT (hereinafter referred to as the "Agreement") made and entered into as of this __ day of ___________, 20__, by and between _________________, of ________________________, (hereinafter referred to as the "Lender") and ______________________, of ______________________ (hereinafter referred to as "Borrower").

W I T N E S S E T H:

WHEREAS, Lender is the holder and owner of the following documents (hereinafter sometimes collectively referred to as the "Loan Documents") :

1. Mortgage Note dated _______________, in the original principal face amount of _________________ DOLLARS ($_________) executed and delivered by _________________ (hereinafter referred to as the "Original Borrower") in favor of Lender (hereinafter referred to as the "Note"); and,

2. Mortgage given by Original Borrower as "Mortgagor" to Lender as "Mortgagee" dated _________________, which Mortgage is recorded on the Public Records of ______ County, ______ at O.R. Book __, Page __ (hereinafter referred to as the "Mortgage"), and which Mortgage encumbers the real property as described therein; and,

WHEREAS, the Original Borrower is desirous of conveying the property encumbered by the Mortgage, (hereinafter referred to as the "Property") to Borrower; and,

WHEREAS, the Borrower desires to receive said Property and formally assume the Mortgage and perform all of the covenants and conditions contained in the Mortgage Note, the Mortgage and all other Loan Documents as partial consideration for its purchase of the Property and as consideration for the Lender's willingness to consent to the sale of the Property which is encumbered by the Loan Documents; and,

WHEREAS, the Mortgage expressly prohibits the conveyance of the Property without the express written consent of the Lender; and,

WHEREAS, the Lender is unwilling to give its consent to the transfer of the Property to the Borrower unless the Borrower shall assume all of the obligations heretofore imposed by the Loan Documents upon the Original Borrower;

NOW, THEREFORE, for and in consideration of the sum of TEN DOLLARS ($10.00) and in consideration of the Premises and of the mutual covenants contained herein, and for other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties hereto agree as follows:

1. Assumption. Borrower expressly assumes the Loan Documents and agrees to perform all covenants, conditions, duties and obligations contained therein and agrees to pay the Note and the obligations evidenced thereby in a prompt and timely manner in accordance with the terms thereof.

2. Consent to Conveyance. Lender hereby consents to the transfer of the Property to the Borrower, but the Lender expressly reserves the right to withhold its consent to any future sale or
transfer of the Property, as provided for in the Mortgage.

3. Warranties and Representations. Borrower affirms, warrants, represents and covenants that Borrower has no defenses nor rights of set-off against Lender or against the payment, collection or enforcement of the indebtedness evidenced by the Note and secured by the Mortgage and owed to Lender. Borrower further warrants and represents as follows:

a. Borrower has done no acts nor omitted to do any act which might prevent Lender from, or limit Lender in, acting upon or under any of the provisions herein, in the Mortgage, in the Note or any other Loan Documents;

b. Borrower is not prohibited under any other agreement with any other person or any judgment or decree, from the execution and delivery of this Agreement, the performance of each and every covenant hereunder or under the Mortgage, Note or any other Loan Documents;

c. No action has been brought or threatened which would in any way interfere with the right of Borrower to execute this Agreement and perform all of Borrower's obligations contained
herein, in the Note, in the Mortgage, or in any other Loan Document;

d. All financial statements of Borrower and Guarantors, if any, are true and correct in all respects, fairly present the respective financial conditions of the subjects thereof, as of the respective dates thereof and no material adverse change has occurred that would affect Borrower's or Guarantors', if any, ability to repay the indebtedness evidenced by the Note and secured by the Mortgage;

e. Borrower is duly formed, validly existing and in good standing under the laws of the State of ___________ and has full power and authority to consummate the transactions
contemplated under this Agreement.

4. Acknowledgements. Borrower acknowledges that:

a. The Loan Documents are in full force and effect; and,

b. The principal balance of the loan as represented by the aforesaid Note as of the date of this Agreement is __________ DOLLARS ($___________) and principal and interest are unconditionally due and owing to the Lender as provided in the Note.

5. Costs. Borrower shall pay all costs of the assumption made hereby, to include without limitation, attorneys' fees and recording costs, as well as the cost of an endorsement to Lender's
title insurance policy insuring the lien of the Mortgage after the recording of this Agreement. Such costs shall be due at closing hereunder and the payment thereof shall be a condition precedent to Lender's consent to the transfer of the Property to Borrower. In the event that it is determined that additional costs relating to this transaction are due, Borrower agrees to pay such costs immediately upon demand.

6. Assumption Fee. In consideration of Lender's consenting to the conveyance of the Property to the Borrower, Lender is entitled to, and has earned, an assumption fee in the amount of __ percent (___%) of the original principal face amount of the indebtedness evidenced by the Note. Said fee shall be due and payable upon the execution and delivery of this Agreement. Borrower hereby agrees and acknowledges that said fee is being charged solely for costs relating to the assumption of the Mortgage and not as interest for the forbearance or use of money.

7. Recordation. The recording of this Agreement on the Public Records shall evidence the closing of the transaction described herein.

8. Paragraph Headings. The paragraph headings used herein are for convenience of reference only and shall not be used in the interpretation or construction hereof.

9. Governing Law. This Agreement shall be governed, interpreted and construed by, through and under the laws of the State of ____________.

10. Time of the Essence. Time is of the essence of this Agreement.

11. Attorneys' Fees. All costs incurred by Lender in enforcing this Agreement and in collection of sums due Lender from Borrower, to include, without limitation, reasonable attorneys' fees through all trials, appeals, and proceedings, to include, without limitation, any proceedings pursuant to the bankruptcy laws of the United States and any arbitration proceedings, shall be paid by Borrower.

12. Binding Effect. This Agreement shall inure to the benefit of and be binding upon the parties hereto as well as their successors and assigns, heirs and personal representatives.

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as follows:

As to Lender this __ day of ________________, 20__.

"LENDER"

WITNESSES:
_________________ ______________________

____________________

As to Borrower this (20) day of _____________, 20__.

"BORROWER"

WITNESSES:

_________________ ___________________

____________________

STATE OF ______________)
)
COUNTY OF ______________)

THE FOREGOING instrument was acknowledged before me this (28) day of ___________, 20__, by ______________.

_______________________
Notary Public

My Commission Expires: _________________

STATE OF _______________)
)
COUNTY OF ______________)

THE FOREGOING instrument was acknowledged before me this __ day of ___________, 20____, by ____________.

_________________________
Notary Public

My Commission Expires: _________