The Cheapest Ways to Find the Best Short Sale Deals

By now everyone knows that there are thousands of foreclosures out there, and everyone knows that this has created a huge opportunity for real estate investors. But how can you get in on it? Where are you supposed to find these great foreclosure opportunities?

Many Investors (not just beginners) rely on lists from nationally known companies, such as RealtyTrac, to tell them which homes are in foreclosure within given cities or zip code areas. The problem with that is that often the listings are old and the properties have either reached a different status, or the home owners are now long gone and hard to track down. Many lenders do not report the formal notice that starts the foreclosure process, known as Lis Pendens filings, to national listing services and so the record coming from national data centers can be incomplete.

Other services employ people to actually go to the courthouses in major markets to gather Lis Pendens and other filings, but the coverage may be scattered and dependent on the timing and accuracy of the person getting the lead information. Other lead generation services rely on homeowners who may be interested in selling, to fill out an online form asking for more information. That list may be open to many thousands of investors; you'll probably not have exclusive access to that information.

Many homes that are great Short Sale material may never make it to a foreclosure list. Owners may have given up and be out of the picture. Owners may have arranged to have the properties listed with a real estate agent, who may not even indicate that the property is Short Sale material when they market the property. Lenders may be so backed up that a good Short Sale prospect may not even be listed for several months.

Even when you are diligent about driving around neighborhoods, it's not always apparent which properties are in pre-foreclosure or which residents are hurting and about to fall behind in the mortgage. Watch for signs of neglect in the home-a yard that isn't maintained or a house that needs to be painted. These can be early indicators that a family is falling behind on mortgage payments, and you may be the first on the scene to help these homeowners out.

Sometimes no national databases nor even careful local scouting will sort out the golden Short Sale nuggets. You will either need to go to the court house regularly himself or herself to prospect the Lis Pendens filings. Better yet, hire someone to do it for you. There are plenty of college students and senior citizens who are looking for something to do to pick up some extra cash. You can pay them by the hour or by the size of the list they produce.

You can also develop a strong team of local scouts. Postal carriers and Fedex delivery people know who on their routes have received certified court documents and lender notices lately. They can also be on the lookout for vacant or neglected houses.

One of the best methods to get early notice of foreclosures is to ally yourself with real estate professionals. Real estate agents, mortgage brokers and insurance agents, for example, have large lists of homeowners who are clients and might give you some really excellent leads. This is great because not only do you get access to these people, but you get the added credibility of having been recommended by the Realtor, mortgage broker, or insurance agent.

Remember, a strong business is a diversified business. This is just one of the methods you should be using to bring leads into your business!

There are tons of ways to make money in real estate, but all of them are useless unless you have a steady flow of motivated sellers and qualified buyers coming into your business. When you have a solid pipeline of prospects, you pick and choose the best of the best and finally take control of your financial future. Find out the most effective ways to turn your real estate investing business roaring and turn it into an absolute cash engine. Sign up right now to get a FREE copy of Bob Massey's new book Cash Infusion Now: 11 Marketing Secrets to Massive Deal Flow in 2010. Go to http://www.REWealthCoach.com.

Cheap Rhode Island Car Insurance - How to Find the Cheapest RI Car Insurance Policy

The small size of RI lends itself nicely to offering rural residents the ability to find some very cheap Rhode Island auto insurance rates is one is simply willing to shop around. The reason for these cheap rates is that the population in Rhode Island is approximately 1,067,610 according to the United States Census Bureau; and the state itself unlike others, does not have really big cities. This is a perfect fit for the residents because the lower the number of people in the state, the lower theft rates and car accidents are going to be (which are two of the most important things when it comes to producing the price in a RI car insurance policy).

Residents of the state should also know that since most of Rhode Island consists of small towns and communities with many rural areas, their prices will be relatively lower in comparison to other places. The state however, like all the other ones in the nation mandates that a person must have automobile insurance before setting foot and actually driving a motor vehicle. But just how much coverage should a person expect to get if they want to transit the roads of Rhode Island?

The Rhode Island Department of Motor Vehicles will not give a license to anyone that does not show proof of having automobile insurance with what the state calls a 25/50/25 coverage. This means that a person expecting to drive in the state of Rhode Island has to have $25,000 for bodily injury liability coverage per person involved in the accident and up to $50,000. The third number simply refers to property damage coverage and a person in this state is required by law to have $25,000 to cover this expenses after an automobile accident.

One thing to note about this state is that it does not have a Personal Injury Protection Coverage (also called PIP). This coverage will take care of your medical expenses or the medical expenses of the passengers in the car you are driving at the time of an accident and it can be vital in saving you money or in helping you avoid being sued by one of your passengers after an injury. Although a lot of people don't see the need for these coverage it is always important to try and get a quote to see how much it really adds to the policy, and if the price does not go up as much and it's affordable then it is always good to have the coverage.

People in Rhode Island paid about $250 more in car insurance compared to the average rate in the nation. This means that although some people are saving money in this state, some others are paying high rates - the average is driven up quite a bit by those who live in Providence, Warwick, Pawtucket, Cranston, and some of the other relatively larger cities in RI.

In order to save some money those people with high rates can opt to shopping around for a more convenient price. They can do this by simply requesting quotes from their company and other institutions to see which one gives them the advantage when it comes to pricing (although it is important to highlight that not all the cheap policies have the same level of coverage, so you must always shop around).

There are other things however, that Rhode Island residents can do when it comes to trying to find low cost car insurance. They can try and stick with the minimum coverage (that does not have collision or comprehensive coverage) if they have an older car and money in the savings to fix the vehicle in case of an accident. The lowest rates possible will come when people purchase the minimum coverage.

If you are still making payments on the vehicle or you are leasing the car you will not be able to stick with the minimum requirements. The reason for this is that the company you bough or leased the vehicle from wants a guarantee that you will pay in full, so they make the buyer get collision and comprehensive coverage so that they can be paid back when the vehicle is damaged.

Rhode Island is a beautiful state without huge cities like New York or San Francisco where traffic is horrible and car theft is common. Because of this Rhode Island residents should know that lower cost RI car insurance rates are possible and should try to go out and search for better prices when it comes to automobile insurance. Get started finding cheap auto insurance today!