We often hear or read foreclosure and short sale lumped or cited in housing market reports. These two real estate terms, however, are totally different though they have an interrelation. A foreclosure becomes imminent when a borrower misses mortgage payments for three to six months. If this happens, a notice of default will be…
A rental property is a major investment that for sure entailed some serious due diligence on your decision to become a landlord. Conversely, selling it would require a lot of critical thinking and analysis. Nonetheless, bias toward sale of an apartment or a landlord opting out is immediately suggested by these five signs: The Market…
Buying distressed properties, meaning a foray into foreclosures/REOs and short sales, and renting out the purchased houses could be a lucrative venture. There are some challenges though in order to successfully carry this out. Foremost of these is getting a cheap leverage or the right home loan financing to buy a distressed property. U.S. mortgage…
Time is gold is one saying that most real estate investors swear by, and for this reason, they are friends to folks who need to sell a house fast. Ventures in property investments require a sizable amount of capital or at least have established fund resources to finance the purchase of a property. Entrepreneurial minds…
An Owner Financing Example in St. Louis The easiest way I can think to explain owner financing is by using a real life example that we did here in St. Louis. We had a 4 family apartment building that was selling for approximately ½ million dollars. When I looked in my bank account I was…
Inheriting a house can sound like a great thing, but often it comes with a lot of difficult decisions. If you inherit a property or are the power of attorney for a loved one that requires a move to assisted living you want to make the right choice for all parties involved and this…
1.) Speedy Transaction. If you need to sell your house quickly going through the process of listing the house with a realtor, then making repairs to every minor issues and cosmetic issues can be too time consuming. Selling your property as is and working with a reputable investment company can speed the transaction up…
When looking to sell you house that needs repairs you are facing a difficult situation…should you spend more money on the house before you sell it? Or, should you sell it as is? Unfortunately, the answer is always, it depends. It depends on your circumstances and on the real estate market in your area.…
The choice to sell your house “as is” can be daunting, choosing to work with an investor instead of a Realtor can also be a challenging decision. This article will help set the expectations of a Property Seller when working with an investor. We will also provide some tips as well as some things…
Tip # 1: Price it Right Find out what your home is worth by talking to a professional real estate agent. Price your home 10, 15, or 20 percent below the agents suggested home value. Your house will get more attention from buyers and you will get more offers even in down markets. Its…