Posts Tagged ‘real estate’
Condos – Nightmare Investment or Dream Deal?
Posted February 8, 2009 by Bernz
Condominiums have the potential to be great investment properties. But if you’re not careful, they can turn into an unexpected nightmare. Make sure you do your homework upfront to turn your condo purchase into your dream deal.
Here’s the good news. Many condominiums are at the low end of the neighborhood’s pricing scale. This means your purchase price will be low. It also means that more people can afford them, so there will always be a ready supply of buyers.
This may be a good situation if you’re planning on fixing up the distressed condo and selling it for a profit. But if you’re planning on holding it as a rental, be sure to ask questions and read all the documents before you sign the final papers. Here are some things to watch out for.
Popularity: 19% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: condo investing, condominiums, real estate, real estate investing, rental properties, residential property investing
Posted in Investing in Real Estate, Misc | No Comments »
Key advantages for investing in real estate and types of properties to invest in
Posted December 15, 2008 by Bernz
Why invest in real estate? The obvious reason is cash. But in addition to increasing your cash flow, there are two other reasons. I’ll explain all three and share some of real estate investing options that you might want to consider.
The first advantage to property ownership is appreciation. When a property appreciates it increases in value. Though generally it takes several years for real estate to appreciate at a rate equal to or greater than the rate of inflation. And when it does, the resulting advantage is a hedge against inflation.
Next, as a property owner you gain leverage. For example, when you invest in a property you gain the opportunity to use borrowed money to invest in some other asset. This could be the purchase of a vacation home, business, etc.
Popularity: 13% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: investing in real estate, real estate
Posted in Investing in Real Estate | No Comments »
How to find foreclosed homes
Posted December 3, 2008 by Bernz
If you have the capital to make a home purchase or can get a mortgage loan you might want to consider buying a foreclosed home. Chances are you’ll have plenty of luck finding a home in foreclosure as there are about 8 million homes with negative equity and millions of home owners owe more on their house than what the house is actually worth.
First, all you might need to do is walk around your neighborhood, especially if you live in Atlanta, Miami, or Las Vegas, as these cities have the highest foreclosure rates in America.
Other ways to find foreclosed properties are:
Check with a local real estate agent. They’ll have a listing for properties in your area. (more…)
Popularity: 17% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: foreclosures, real estate
Posted in Investing in Real Estate | 1 Comment »
A-Z real estate vocabulary for home buyers and sellers
Posted December 2, 2008 by Bernz
Nothing is more fundamental to buying or selling your home than understanding the language that realtors, lenders and others in the industry use. Here’s a list of common home buying and selling terms.
Adjustable Rate Mortgage (ARM) – A mortgage loan or deed of trust which allows the lender to adjust the interest rate at specific intervals as stated by the note. The payment is subject to change throughout the term of the loan.
Amortization – A periodic reduction of a mortgage by making specific payments over a stated period of time.
Appraisal – An expert or official valuation of a home. The lender will hire a qualified professional who makes an independent judgment of the home’s value based on its condition, prevailing prices in the neighborhood, resale values, age and other factors. An appraisal is different from a home inspection.
Annual Percentage Rate (APR) – The cost of credit expressed as a yearly rate. (more…)
Popularity: 28% [?]
If you enjoyed this post, make sure you subscribe to my RSS feed!
Tags: real estate
Posted in Investing in Real Estate | 1 Comment »
Get Updates via Email
Let's Connect
-
Advertisement
-
Recent Posts
-
Recent Comments