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…
A real estate entrepreneur’s best asset is a good assistant. This is a sound investment to make, just like the other integral parts that make a real estate business successful. You would need to invest some time and money towards them which involves making time to hire the best assistant…
Title insurance is an essential part of real estate investments. Forgery of the deed in the past, incorrect legal descriptions, misspelled names and other irregularities in the chain of title places a cloud over the title’s integrity. To avoid this, a Title Search has to be performed by an Attorney…
In most trades, it is hard to avoid training someone who will eventually become your competition. If you are in the Real Estate Investing business, this problem can be detrimental if you are not careful. There are several pitfalls in training someone who wants to go into the business someday….
When in the real estate business, using your private money has its advantages. Investor mortgages, the usual bank mortgage loans are hard to come by, and thus, you need other sources to go about your business. Here is why you should consider utilizing private money: You can close the sale…
In this post we will try to explain some common terms in real estate mortage loans and lending. Interest Rate – the amount of money you have to pay in return for borrowing money. This is very important in your real estate business. Interest rates can have a great effect…
Determining values in the real estate market is a process. Here are a few factors that are taken into consideration: Comparable property sales – ensure that these include properties that are located close to the subject property. If properties located miles away from the subject are included, treat them as…
So many newcomers fail to make it as profitable real estate investors. It is probably because they are horribly undercapitalized and are unable to subsidize their overpriced real estate investments. Putting down way too much cash for that first investment property is the mostly costly and fatal mistake you will…
Defining the Bona Fide Purchaser in real estate transactions is critical for the new owner of a piece of real estate. For sale by owner deals, inheritances, and seasoned investors in the frenzy of a real estate boom can get caught purchasing what is already ‘owned’ by or sold to…