Rehabbing houses is one of the hottest trends in real estate today. As compared to other real estate venture, rehabbing a home requires a relatively lower capital. The idea is very simple. You purchase a home sold at a good value, you rehab the property and then sell it at a much profitable price. In this article, we will share with you tips on how to rehab houses and maximize your profits.Find the right property Finding the perfect property to...more
Many individuals are encouraged to get into real estate investing today. Despite the unstable global economy that we have, real estate remains to be a very promising business making good money to investors who know how to run their ventures properly. Rehabbing properties is one of the hottest trends in real estate today. It has proven to be a wise investment to many people. The idea is very simple. You buy a home at a good value, rehab the...more
A drivers license is never a guarantee that you will be safe on the road. However, you know you must have it because it is proof that you are qualified to drive a vehicle. In the same way, there are things that you must have when rehabbing a home. These are not a guarantee that you will be successful in this kind of real estate investing. What is certain is that they will help.A love for the broken. When you are in the business of rehabbing a home, you will be surrounded by broken stuff from leaking roofs to clogged sinks to dysfunctional door knobs. Sometimes the whole property appears to be broken. If you are among people who do not see the beauty of the broken, you are probably not cut for this business. Rehabbers know that even diamonds need to be cut before they become priceless gems. They see distressed properties as an opportunity to make money rather than a pile of wood waiting to be demolished. They know that even a house with a leaking roof today can be a perfect home for a family after they patch that broken shingle.Conscience. One thing you will learn when you go about fixing and flipping properties is that you will earn a lot of money in this business. Time will come...more
If you are planning to get into real estate investing and start a career on flipping houses, it is very important that you find the right property to buy. Many real estate investors are now making millions of money through rehabbing homes, flipping houses and managing rentals. However, there are also some inexperienced businessmen who lose a lot of...more
One of the most challenging decisions to make while investing in a insurance cover for your home is how much to actually insure your building and its content for. One would want to over-insure their home and pay more premium than necessary every month or year; or on the other hand, discover when you have to make a claim that the cover your...more
What is the difference between Reconstruction and Replacement Cost Coverage? - It is important to understand that the reconstruction cost (replacement value) is the amount that the insurance company estimates it will cost to completely rebuild the property from the ground up with like-kind materials at the current labor rate and materials cost for the geographic area in which the property is located. This amount also includes often disregarded or forgotten soft costs such as architectural fees, permitting fees, and the cost of demolishing and/or removing the damaged structure prior to rebuilding. From a strictly insurance-based perspective, the reconstruction cost of a home has absolutely no relation whatsoever to the propertys purchase price, the mortgage loan amount, appraisal value, or market value. In other words, the reconstruction cost is a completely independent value with no correlation at all to any other property-related value. For example, you may have purchased a property that appraised at a market value of $230,000, but because of the sellers personal situation you were able to negotiate terms and purchase it for $180,000. After providing a 20% down payment of $36,000,...more
One of the key pieces of the American dream is to own a home and if you want to grab that dream you need to know the advantages of home insurance. It is something that we strive for from a very young age. We look forward to not only buying our first...more
Many companies offer house insurance polices and it is important to select a reliable home insurance company which offers an excellent service to the assured property. Moreover House insurance is also called as Hazard Insurance or Home owners...more
The great debate rages on with the discussion on the fine details that make a home and condo so different, but so perfect depending on the consumer. So which route is better to take if youre an interested, but hesitant home buyer? Do you opt for the...more
Internationally known and world renowned, Toronto, Ontario is quite the place to be when in Canada. Having one of the largest populations in all of Canada, it is considered one of the largest cities in all of North America. Culturally diverse,...more
So often people rarely think about Alberta as more than Edmonton and Calgary, but if you ask the citizens of Sherwood Park, Alberta, theyd sure be ready and raring to give it their all to promote their very own peace of heaven on earth. Sherwood...more
Stouffville also known as Whitchurch-Stouffville is located in southern Ontario and was established back in 1792. Its a relatively small community but has tons of character and tight knit bonds between residents of all ages, genders, and sizes. An...more