Over financing your property is much like a double edged sword. It can help you in some ways for the short-term but can also give you grief in the long term. Let’s say you have about $70,000 to pay off on a $ 200,000 property. Refinancing (or over financing) means…
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Multi unit investing can put you on the fast lane to becoming wealthy in the real estate business. Very simply, multi-units are commonly referred to as apartments or flats that provide housing for a group of tenants who pay a mortgage on the property they have bought, as well as…
Over the last few years people have been experiencing tremendous value appreciation of their properties across the country. It has become a day-to-day event where we hear every other person narrate stories of their homes having appreciated in value. This is actually not true. Houses do not appreciate in value….
Flipping is a legal way of buying property and selling it as quickly as possible with a reasonable profit margin. There are some variants of flipping where it is illegal. Listed below are six legal and one illegal method of property flipping. Buy, Fix and Flip This method of flipping…
Here is a compilation of nine common characteristics of successful real estate investors. Have a Plan and stick to It Successful investors have a clear goal and a plan to reach that goal. Join an Investors Network Successful investors always have a mentor who has a wealth of information and…
Every business needs good marketing, even in Real Estate – the question is how do you ensure that your marketing message is effective? How do you write well? For one, good ad copy is essential if you want to lure potential customers. This is one of the best modes of…
Usually, when you see a condemned home, the thought of investing in that property never crossed your mind. After all, there are issues with that property, so why bother burdening yourself with all those liabilities and unknown problems when you can go find a nice clean property to invest in,…
The recession has brought about many changes in all forms of business and the real estate has not been spared either. With steadily falling property prices, this is not the time to sell. However, if you possess any capital that you can afford to part with, buying some property is…
Four Families or Fourplexs’ are apartment buildings that contain four units. They are often touted as good buys or great investments, but caution must be maintained when purchasing such property. On the surface, these properties are desirable but they have many hidden costs associated with them. As such, they are…
Do you think you can run a real estate business on your own? You are wrong. It is impossible. The real estate business requires a multitude of experts, ranging from realtors, inspectors, appraisers, mortgage companies, banks, attorneys, property managers, partners, accountants and so on and so forth. Your choice of…