Posted on February 27, 2010 by Carole Somer

Failure to investigate the neighborhood. You will live not only in the house, but in the neighborhood as well and it’s more difficult to move from a house you own than from an apartment you rent. Learn about your potential neighbors as well as about schools, parks etc. Walk around the neighborhood some evening and [...]

Posted on February 27, 2010 by Carole Somer

When figuring how much of a property to invest in out of town you must allow for an extra 25 percent in deductions to cover the added expenses. Whether you are going to handle the driving back and forth and do all the work yourself or hire a management team, 25% extra is needed. If [...]

Posted on February 27, 2010 by Carole Somer

Another professional you will need on your team, is a mortgage lender.
Unless you are paying cash for the property, you cannot purchase the home without a mortgage. Find a lender that has a good reputation and that upon meeting, you feel you can trust and work with. When purchasing bank-owned homes and foreclosures, you [...]

Posted on February 27, 2010 by Carole Somer

Create a personal checklist for your own real estate shopping and look out for the features listed in your checklist when comparing prices, payment options, borrowing options, discounts by lenders recommended by the real estate seller.
Try and give an offer price or rate. If you succeed in getting a counter offer out of your broker [...]

Posted on February 27, 2010 by Carole Somer

To invest in real estate you have to possess a certain type of entrepreneurial skill. You have a certain amount of fixed costs – heating bills and renovations – just like in a hardware store.
The difference is, is a real estate investor has more freedom; there is a higher elasticity of demand in the real [...]

Posted on February 27, 2010 by Carole Somer

A real estate rehabber is a person who purchases property with the sole intent of repairing, renovating or improving the property for resale or profit. The rehabber has no intention of living in the property, only to make money. A rehabber is a Broker’s dream client. If you are in real estate, then you have [...]

Posted on February 27, 2010 by Carole Somer

When starting the journey to become a real estate investor, one of the first questions you may ask yourself is “where will I get the money?”. You can work hard at your day job and attempt to save money paycheck after paycheck, but really exciting real estate investment opportunities will pass you by with this [...]

Posted on February 27, 2010 by Carole Somer

Buying a home, especially your first home, is an exciting and joyful experience. With care, you will find a home where you can be happy without financial damage.
One warning: Home ownership is seldom right for people who move frequently. If your job requires relocation every few years you are probably better off renting. That way [...]

Posted on February 27, 2010 by Carole Somer

You finally have your dream investment property and you are worried.
What will happen if the apartment building catches on fire? Can the tenants sue me, if the fire causes them loss of life or loss of personal property? All these questions are valid and should be addressed with one simple solution. The purchase of [...]

Posted on February 27, 2010 by Carole Somer

It is difficult to define what property is the best for investment purposes, but if you are a developer or a builder there are key factors that can impact the true value of the property. As a construction manager or developer for a land development project, it is envisioned that there are many processes, [...]