True, the American Dream sells home ownership as the ultimate benchmark of success, but it’s not true for everyone. Often times, it makes more sense to rent your home than to buy. What makes renting a better option? Renting, especially in today’s rocky housing market, guarantees: Flexibility – Leases usually run no longer than 1 year, while mortgages lock you down for 30...
When you rent, your landlord will be part of your life. That said, it’s imperative you ask the right questions before entering into an agreement with them. 5 (often overlooked) Questions You Absolutely Must Ask What’s the Condition of the Home? Is it held together with duct tape and a prayer? Or have major repairs been done in the recent past – ie: new electric, new pipes, mold remediation...
Foreclosures can be home run investments, but, if you don’t do your due diligence, they can just as easily be the investment you regret. First, consider the source. Today there are tons of online resources for foreclosure lists, but they are not all made equal. You want to make sure that the list you’re using (especially if you’re paying for it) isn’t an old list. All foreclosures are public...
When it comes to real estate, how can you differentiate the deals from the REAL deals – you know, the one’s that graduate you from dabbler, to legitimate investor? Here’s the thing, successful investors have one thing in common; they don’t buy everything that comes across their desk. They shop for the deal that makes sense to them. See, the secret is there’s no single definition of a...
Obviously everything we do as investors is geared towards closing deals. It’s obvious because if a deal doesn’t close, the money isn’t made. So we’ve got to close deals right? Right. But here’s one insight that, if you pay attention, will save you much grief. When it comes to closing a deal there’s no magic bullet, there’s no perfect script. No deal is ever the same because, in...
There’s the traditional route of selling your house with a realtor, and there’s the fast route. Which do you want to take? If you really want to sell your house, avoid realtor commissions, get a fair all-cash offer, and have a variety of creative selling ideas, working with a real estate investor is the path of least resistance. A realtor’s fee is in essence a marketing fee. You’re paying them...
Most sellers are used to dealing with realtors but have never had an exchange with a real estate investor. We’re going to take some of the mystery out of that for you today. When an investor in interested in your property, they’ll want come see it. It’s best if you’re there to meet with them. Here are 5 things you can expect when they meet you at the property. They’ll ask for a tour...
If you’re trying to sell your property yourself to a retail buyer, you’re in for a challenging ride. When you choose to go the For Sale By Owner route it’s likely you’ll encounter a few (if not all) of these issues: The Long Wait It’s often the case that you won’t be able to finance another house before you sell the one you’re in. But when you sell retail, it takes time to find the...
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