Real Estate Blog
How to make more money by executing a 1031 Exchange
When it comes to real estate investing, saving money can really boast one’s morale. Many real estate agents go about by helping their clients save as much money as possible, but if you happen to know a thing or two more than them, you have a better chance of being their “go to” guy. As a real estate agent who deals with investor clients you need to be well aware of the 1031 exchange. This exchange helps your clients save a great deal of money, as a result you the best real estate agent for them. Becoming their favorite can get you more commission flowing in.
Secondary Mortgage Market: The past and the present
The year 2008 market a crisis fir the US economy as its housing market had collapsed. This economic collapse made everyone familiar with the secondary mortgage market. It was concealed and the general has no idea it existed and when brought upfront made people realize that it was the most important for them, especially, crucial to the mortgage lenders, secondary market participants and appraisers. Then all of a sudden, with the well-publicized issues surrounding the housing collapse of 2008, Fannie Mae and Freddie Mac and some of their larger clients and the big lenders became household names. Read on to learn about the history of Fannie Mae and what it means for appraisers.
Tips to Ensure Your First Real Estate Investment Isn’t a Bust
So you’ve finally decided to invest in real estate. You do your research for information and then the potential properties. You may feel overwhelmed by the whole process and even quit before even getting started. Well, don’t worry because you just came to the right place. Before you buy your first real estate property, you need to proceed with caution to avoid buying a lemon. Failing to pay attention to details may cause to end up with an investment that is costly beyond what you bargain for. When you want to invest in real estate, you need proper considerations especially for the fact that you will need to put in large resources. Making informed decisions will help you avoid common mistakes that first-time investor’s make and ensure you don’t have a costly lesson to learn on your first property investment.
Use these tips to ensure your first-time real estate investment isn’t a bust.
Do Your Research
Before investing in a property, you need to conduct thorough research. This is something to give much of your time to ensure you know exactly what you’re in for. Read widely and grow your knowledge and skills pertaining to the real estate investment industry. Look for a property within your location as a first-time investor since you must be having a proper understanding of your local market.
Advantages of Lease Option investing
Lease Option also commonly referred to as ‘lease to own’ is the point at which a property owner gives the tenant the choice to purchase the property towards the finish of the rent. The tenant pays the fixed price in installments. Generally the tenant is given a time period and cost in which he or she has to purchase the property. This is a valuable technique for purchasers since they have the choice to keep leasing or purchasing, however, the seller of the property cannot sell the property to any other person.
Building a Buyers List for Real Estate
Technically speaking, real estate investing should be an easy way to make a lot of money. The entire business is essentially just a variation of “buy high and sell low.” So there must be a very good reason why not every real estate investor is succeeding. The truth is that “buy high/sell low” is a massive oversimplification that forgets one crucial part of the equation: selling. Regardless of how good of a deal you have, and how many properties you are willing to sell, it won’t do anything if you lack the ability to sell.
Top 10 Questions You Must Your Commercial Mortgage Broker
When it comes to commercial property investment, you will probably require financial assistance. This is where you need the help of commercial mortgage brokers. It is important to understand your prospective lenders’ term of loan approval and underwriting criteria. Don’t put a commercial property deal under contract until you check and double check the loan terms. Can you imagine putting an apartment building under contract only to find out that you don’t qualify for a loan? You obviously don’t want such surprises when you’re doing a deal. That is why it is important to understand the loan terms and how the underwriting will be done. The lender will have to assess the project risks, identify your risk mitigation plan, and determine the terms of the loan. Get in touch with commercial mortgage brokers or lenders prior to making offers on deals for you to understand the underwriting criteria of your lender. Here are ten important question to ask your commercial mortgage broker during your interview.
The Infinite Banking Concept
Velocity of money can be described as the rate at which money changes hands. It has now become crucial for people to understand the concept of keeping wealth changing hands. The infinite banking concept happens under the radar and it is more than just insurance value or any other asset.
Your Real Estate marketing plan
Summer is finally here and the sun is shining brighter than ever. Almost every business is subjected to the seasonal trends. Some get hiked while others plunge when the heat in on. Summertime also affects the real estate business. This season might linger on for a bit longer this time so it is best to start acting on your summer real estate marketing plan.
Here are three important elements to remember as you create your marketing plan this summer.
11 things buyers shouldn’t miss during final walk through
After searching for that desired house, making negotiations and doing the initial inspection, you should still remain careful. The final walk-through is an important step in the last stage of buying a house. It should not be taken lightly, especially by the buyers. The walk-through is the final inspection of the house a few hours to a few days before the final settlement takes place.
It is the last chance for you to make sure that the agreed-upon repairs have been carried out and that there has been no major change in the condition of the property since your last visit. It can be formal or informal. In a formal walk-through arrangement, you have to sign a document to confirm that you have done the final walk through and that the required conditions have been met. We have provided you with a list of 10 things that the buyers should take care before the final walk through.
How to predict Your Real Estate Market trend
Predicting the turn of events right can earn you a fortune. In Real Estate, observing the market trends help a lot. Let us discuss how one can predict while way the market is going to head.