News and Information For Buyers And Sellers
Fixer Uppers: A Money Making Formula
Making money with "fixer-uppers"
isn't about repairing drywall or planting flowers. It's about
using the right approach from the start.
A Big Real Estate Mistake
Many people buy and sell a fixer-upper
like this: They buy a house, fix it up, then add some amount
(say $10,000) that's in their head onto their costs. Then they
put the house up for sale for this price. This is so wrong.
Would you buy a house according to what
...
(more) Ten Myths Of Real Estate Investing
Is real estate investing only for the wealthy?
Can you buy with no money down? Do you have to know the "right"
people? Let's answer by looking at some of the myths of real
estate.
1. Real estate investing is for the wealthy.
Money helps, but my first real estate investment was a $3,500
lot - which I sold for a profit two weeks after I bought it.
Small deals, partners, low-down deals, or just putting aside
$7 per day for a couple years...
(more) Lease Option or Rent To Own?
Lease Options or Rent to Own?
by: Alexis Dey
Finding a rent-to-own house is one of the many ways someone with bad or no credit can
buy a house. You will often find them called names like lease/options, lease with option to
buy, lease purchase, lease 2 purchase, rent with option to buy, rent to own, or rent to buy
homes.
There are a few differences between rent-to-own and lease-option agreements, although
many people use the terms interchangeably. With a rent to own (or...
(more) Three Ways To Purchase Property
You can purchase property for cash, of
course, and if you have it, this can be the best way to get a
great price. What if you don't have the cash? Here are some of
you other options.
Partner To Purchase Property
Join the local real estate investing group
in your town. Then start taking notes, names, and numbers. Our
group here in Tucson meets once a month. The best part of the
meeting is the "I have / I want" part, where anyone
can...
(more) Internet Marketing Tools
Here are some of the internet
marketing tools you may need to take your business to the next
level. Some of these are free services and websites that you
can use. Others are even better: expensive products that make
you money.
HTML Help
: Every HTML document contains certain standard HTML tags. If
you don't even know what HTML is (Hyper-Text Markup Language),
start with great tutorials here: www.htmlgoodies.com.
You can also learn by using...
(more) Do Your Own Home Inspection
Is there any good reason to do your own
home inspection? How about to get a better deal. Every flaw you
can find is a negotiating point. You don't have to learn building
codes, and you probably should use a professional inspector in
any case. The point of learning what to look for is to protect
yourself and get a better deal.
Home Inspection - Use A Checklist
A good home inspection checklist, keeps
you from forgetting things. I have more than a...
(more) Hiring Rental Property Management
Why hire rental property management? Because
doing it all yourself is the surest way to make your real estate
investment experience a bitter one. You also have more time to
find the next deal when there is someone taking care of the details
for you. Hire a good property manager, but first ask the following
questions.
1. How much is the fee? Fees vary around
the country from as low as 4% of gross rents for larger buildings,
to as high as 12% for...
(more) Pre-Purchase Inspection
Should you do your own pre-purchase inspection?
Yes and no. Yes, you should inspect a house before you write
an offer on it. Then you should put an inspection contingency
clause in the offer, and hire a professional inspector. Why do
both?
Doing your own inspection can help you
get a better deal. Each cracked window or leaky toilet you can
find is a negotiating point. You see, you could just make a low
offer, but a seller is more likely to accept your...
(more)
