Real estate investing has the huge potential to provide massive and serious profits as far as the financial industry greats are concerned. They will also tell you that its associated risks in some scenarios far outweigh the potential if you talk to those investors who are more careful in the industry. You can also talk to people who made their riches in real estate and they will inform you that it is worth all the risks associated once you manage...more
Among the many opportunities that this state has to offer one of the most attractive ones is the chance to have an ideal and perfect home for you and your family to live in.Whether you are looking for a house, an apartment, or even a loft, there is a real estate property in the state of Michigan that is waiting for you right now.All you need to do is make a calculation to what it is that you can and will be able to allocate from your monthly...more
It seems that the federal government is hedging many of their economic recovery plans on helping people to purchase homes and stay in their existing homes. A good deal of stimulus money has been set aside for helping home owners modify their existing mortgages or first time buyers get into homes; but the rising rates of personal bankruptcy is rocking the boat on home buying and mortgage paying.Personal bankruptcy has increased this month and we are right on track to have the highest levels of personal bankruptcy in four years when the rules of Chapter 7 bankruptcy changed and many people. This problem is compounded by a large increase in business bankruptcies as well. The American Bankruptcy Institute reports that the total number of bankruptcies in America have risen by 30% over last year; this is a massive blow to the recovering economy as people who have no money to spend are hard pressed to spend anything on stimulating the economy with purchasing.Needless to say, the more people who file for bankruptcy, the more prospective buyers who will be taken out of the pool of prospective home buyers; these people will join all the other Americans who cant afford to splurge on a home...more
We are going to answer a question we saw recently posted on an Internet real estate investing group site. That questions was "how to assign a purchase contract and make money?" Before we can answer the question, we must first answer the question, what is assigning a contract? Assigning a contract is basically giving another party your rights and...more
One of the biggest issues in home real estate currently that isnt directly related to home financing is the problem of defective Chinese drywall. This noxious product gives off sulphur gasboth carbon disulfide and carbonyl sulphidewhich gives off a rotten egg smell and forms other compounds when it reacts with substances in the home.The chemical...more
Pre-qualificationBefore going about the city looking for a Miami condo, you should first know how much you can afford; and you can know that through a pre-qualification. Getting pre-qualified gives you a good enough idea of how much your lender will be able to lend you. The process of getting pre-qualified normally involves obtaining a letter from your loan officer, who reviewed all your qualifications and assessed your capability to pay monthly mortgage payments. One of the vital factors that affect your pre-qualifying for a mortgage is your FICO score, or simply your credit score. Like in conventional home-buying, it is crucial to obtain a good, even outstanding, credit score when buying Miami condos, especially if as an investment. Generally, lenders regard 300 as low and 850 as high. Yours will be deemed average if around 620 to 660, and excellent if around 720 and above. Pre-approvalPre-approval, on the other hand, is a step up from pre-qualification, where youll receive a particular amount of mortgage sometimes attached with specific conditions. You can apply for a pre-approved mortgage by sending a letter to your lender. Your loan officer will then review your credit,...more
1. Landlords who neglect repairs.Dishwasher not working? Broken blinds? Etc.? One of the basic conditions when renting a Miami rental property is for your landlord to make the unit habitable for the tenant who is going to pay for it. Its simple...more
It is common in broker negotiations that after youve gotten all the facts together about a commercial real estate deal, youre going to want to contact the seller somehow to propose a deal. This is often met with a certain level of hesitance on the...more
1. Hard sellingSometimes sticking around when agents show your Aventura real estate property to buyers is not effective it can even intimidate some buyers. As the homeowner, youre aware of every nook and cranny and other feature of your home. This...more
1. Do your researchRegardless whether youre selling through an agent or by yourself, you should know just how the process works. There are several technical terms in real estate that you, if youre a first-time seller, might not be familiar with....more
Cleaning windows is one of the best things you can do to your homes.But just cleaning them is not enough.Usually, those windows that have been cleaned with the use of harsh chemicals have residue. This residue doesn't easily come off.That would...more
Not everyone feels comfortable negotiating a lease. The difficulty of moving is bad enough with out supply the extra pressure of having to barter a lease. A couple straightforward sales tips will help you with figuring out your apartment lease (and...more