Copyright © 2008 Ralph Marcus (Mark) Maupin
Understanding real estate agreements requires a basic knowledge of what rights or interest to property that are affected by a specific agreement or contract. The following is a basic listing of rights that are commonly dealt with and general descriptions. The following listing does not represent a complete list of the various rights that can be held in and to real estate, nor does it give a thorough and full description of the rights covered, but it is sufficient for practical purposes. A bundle of rights to real estate could include: a. All the rights, fee simple b. Mineral rights c. Air rights d. Water rights e. Life estate f. Remainder interest g. Equitable rights 1. Land contract 2. Leasehold 3. Option 4. Pending purchase contract OWNERSHIP- Fee Simple Ownership. This is the highest form of ownership to property. Generally if you have real estate that you have received a warranty deed for, this is what you have. EQUITABLE INTERESTS- These is rights that are acquired by agreement of the owner, without transferring ownership. In other words, if you have an equitable interest in real estate, you may have the right to acquire title and ownership, but you don't have it yet. Typical examples of equitable interests are the rights of the purchaser under a full accepted purchase agreement, the rights of an optionee under an option agreement and the rights of the purchaser (vendee) under a land contract. LEASEHOLD INTEREST- These is the rights to property for duration of time with no promise to transfer ownership. Rental/leasing applies here as well as use licensing. OWNERSHIP INTERESTS- Ownership to property is a combination of things and rights, and you can own property and not have all parts of ownership and vice versa. These are the basic parts or types of the ownership of real estate: Legal, Equitable, Possession and Use. Legal interest is normally evidenced by having title to the property. Equitable interest is described above. Possession is simply having possession or control of the property. For example, a "squatter" is a person who has possession, but no other rights to the property. "Squatters," simply by virtue of being in possession of the property have certain rights. Use, is simply the right to use the property. A typical example of this is a letter of permission to hunt on land. Places you can go to better find out how you can use these buddle of interest and learn more at a very low cost are as follows: Local real estate licensing schools in your area, entrepreneurial resource centers at local colleges, Real Estate Investing Clubs, Real Estate Investment Association, REIAs, Real Estate Investing Classes at high school, Real Estate Investing Groups, Landlord Club, Real Estate Training Classes, Real Estate Seminars, Real Estate Courses, Real Estate Investing Network, and Real Estate Forums. Use Google.com to find locations in your area. A Real Estate Investing Club's mission is to provide an entrepreneurial atmosphere for real estate investors to learn, and network with new and experienced investors. Real Estate Investors Clubs have been formed for real estate entrepreneurs and professionals with one of their goals to bring like minded individuals together, to achieve greater real estate goals. REIA members come from many walks of life: first time buyers, new investors, licensed agents and mortgage brokers, commercial investors, attorneys, CPAs, and first time landlords.
Ralph Marcus Maupin, Jr. (Mark Maupin), Speaker, Professor, Co-founder National Real Estate Network LLC (REIA), Get Free Real Estate Forms, Terms, Articles and Real Estate Club Locations at: http://MegaEveningEvent.com
Showing posts with label National Real Estate Network. Show all posts
Showing posts with label National Real Estate Network. Show all posts
Tuesday, January 8, 2008
Tuesday, November 6, 2007
Why You Think You Stink At Real Estate in Michigan And What To Do About It.
How To Best Utilize Those Around You So You Can All Profit Financially And Spiritually.
This month message is important to all in Michigan who own or who things of owning real estate. This subject is so important to people of Michigan, The National Real Estate Network, a local real estate investing guide Club has open it's doors to public.
Ralph Marcus (Mark) Maupin, Jr. co-founder of National Real Estate Network, said "Adam King will be our speaker for November and will have knock out, in your face, reality check presentation for you! This will be a seminar you will not want to miss! Why? Just look what is covered! You haven't seen a speaker cover the "investor's perception" like this before!"
Topics Covered:
§ Why you think you stink at real estate and what to do about it.
§ How to forecast your abilities in exchange for services to perform deals!
§ What it's like to be on the financing side of a deal and what bankers look for.
§ What it's like to structure and negotiate offers when you're broke!
§ How to best utilize those around you so you can all profit financially and spiritually.
§ How to leverage alternative financing with no money and no credit.
§ How to locate investors to bring you leads by showing them the secrets of the 5 Questions to Success System, while offering them a service they cannot refuse!
§ What it's like to have someone take the pressure off and analyze your deals for you.
§ Why you can't and won't do it on your own. And why that's okay!
§ The greatest secret is having the exit strategy first! Learn how to walk into a deal KNOWING a check is coming BEFORE even making the offer!
§ How to leverage amazingly simple systems around you in order take advantage of the foreclosure and rental market.
§ And much more!
§
These two events will come with a tremendous amount of information and very creative ideas you have heard nowhere else. But most importantly, Adam will show you a different "perception" of creative real estate directly from the eyes of someone experienced everything from no money/no credit, to becoming the bank.
Join us November 15th and 17th Check out events at http://www.megaeveningevent.com
Areas serviced by National Real Estate Network:
Oakland County --Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak, Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom Wayne County --Belleville, Brownstown Township, Canton Township, Dearborn, Dearborn Heights, Grosse Ile Township, Grosse Pointe Shores, Grosse Pointe Woods, Hamtramck, Inkster, Livonia, Northville Township, Plymouth, Redford Township, Riverview, Romulus, Taylor, Trenton, Wayne, Westland, Wyandotte.
Washtenaw County:
Ann Arbor, Bridgewater, Chelsea, Dexter, Manchester, Salem, Saline, Superior Township, Whitmore Lake, Whittaker, Willis, and Ypsilanti
National Real Estate Network (NREN) is a premier Real Estate Investors Club in Michigan. Also known as Michigan REIA; NREN meets on 3rd Thursdays each month at Laurel Manor in Livonia, Michigan. NREN brings Investors and Professional in Michigan market together. NREN invites National and Local speakers each month and they provide excellent education to their members. NREN has grown to 300 Members strong and still growing. You can get more information at http://www.MegaEveningEvent.com. Contact Urvi Mehta 248-762-0800 info@MegaEveningEvent.com
This month message is important to all in Michigan who own or who things of owning real estate. This subject is so important to people of Michigan, The National Real Estate Network, a local real estate investing guide Club has open it's doors to public.
Ralph Marcus (Mark) Maupin, Jr. co-founder of National Real Estate Network, said "Adam King will be our speaker for November and will have knock out, in your face, reality check presentation for you! This will be a seminar you will not want to miss! Why? Just look what is covered! You haven't seen a speaker cover the "investor's perception" like this before!"
Topics Covered:
§ Why you think you stink at real estate and what to do about it.
§ How to forecast your abilities in exchange for services to perform deals!
§ What it's like to be on the financing side of a deal and what bankers look for.
§ What it's like to structure and negotiate offers when you're broke!
§ How to best utilize those around you so you can all profit financially and spiritually.
§ How to leverage alternative financing with no money and no credit.
§ How to locate investors to bring you leads by showing them the secrets of the 5 Questions to Success System, while offering them a service they cannot refuse!
§ What it's like to have someone take the pressure off and analyze your deals for you.
§ Why you can't and won't do it on your own. And why that's okay!
§ The greatest secret is having the exit strategy first! Learn how to walk into a deal KNOWING a check is coming BEFORE even making the offer!
§ How to leverage amazingly simple systems around you in order take advantage of the foreclosure and rental market.
§ And much more!
§
These two events will come with a tremendous amount of information and very creative ideas you have heard nowhere else. But most importantly, Adam will show you a different "perception" of creative real estate directly from the eyes of someone experienced everything from no money/no credit, to becoming the bank.
Join us November 15th and 17th Check out events at http://www.megaeveningevent.com
Areas serviced by National Real Estate Network:
Oakland County --Addison Township, Auburn Hills, Berkley, Beverly Hills, Bingham Farms, Birmingham, Bloomfield Township, Clawson, Commerce Township, Farmington, Farmington Hills, Ferndale, Franklin, Hazel Park, Highland Township, Holly, Holly Township, Huntington Woods, Independence Township, Keego Harbor, Lathrup Village, Lyon Township, Madison Heights, Milford, Milford Township, Northville, Novi, Oak Park, Oakland Township, Orchard Lake, Orion Township, Oxford Township, Pleasant Ridge, Pontiac, Rochester, Rochester Hills, Royal Oak, Southfield, South Lyon, Troy, Walled Lake, Waterford Township, West Bloomfield Township, White Lake Township, Wixom Wayne County --Belleville, Brownstown Township, Canton Township, Dearborn, Dearborn Heights, Grosse Ile Township, Grosse Pointe Shores, Grosse Pointe Woods, Hamtramck, Inkster, Livonia, Northville Township, Plymouth, Redford Township, Riverview, Romulus, Taylor, Trenton, Wayne, Westland, Wyandotte.
Washtenaw County:
Ann Arbor, Bridgewater, Chelsea, Dexter, Manchester, Salem, Saline, Superior Township, Whitmore Lake, Whittaker, Willis, and Ypsilanti
National Real Estate Network (NREN) is a premier Real Estate Investors Club in Michigan. Also known as Michigan REIA; NREN meets on 3rd Thursdays each month at Laurel Manor in Livonia, Michigan. NREN brings Investors and Professional in Michigan market together. NREN invites National and Local speakers each month and they provide excellent education to their members. NREN has grown to 300 Members strong and still growing. You can get more information at http://www.MegaEveningEvent.com. Contact Urvi Mehta 248-762-0800 info@MegaEveningEvent.com
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