Buying a home is something most people dream of being able to do at some point in their life. All you have to do is save enough money for a down payment and you're in. Right? Maybe not. If your credit rating is not up to snuff, the road to your dream may be a little bumpy, but not impossible to overcome.Everyone is entitled, by law, to see their official credit score once a year from all three credit reporting bureaus. In the United States, there...more
Buying houses and property free and clear is like putting cash in your pocket and money in the bank. Why? Its simple. A free and clear property doesnt have a mortgage so you dont have to come up with the money month after month to pay for the mortgage. That means more profits for you. And lets face it, in the real estate investment game its all about the bottom line. Give yourself a head start with a profitable bottom line by focusing on free and...more
FoundationThe Miami Beach luxury home may look exquisite outside but what you must know are the secrets that lie within its walls, literally. Cracks in the floors, walls and foundation may not cause alarm if relatively small but larger ones must concern you. These cracks connote expensive repairs and huge troubles. If you see no cracks, dont forget to check the closets; they often hold surprises.Another problematic issue you must look for when touring the prospective Miami Beach luxury homes is bouncy or sloping floors. Its natural for homes to settle over time. This will result in slopes. While they are natural, especially in older homes, and shouldnt cause any alarm, when accompanied by cracks in the ceiling or walls, you must be extremely cautious of the purchase.Electrical SystemMany remodelers and flippers spend tons of money on fixture and furniture while skimping the electrical system. One way to check for pristine and safe electrical wiring is to turn on every switch you see, including the appliances. You must also check the electrical panel and see if it looks as fresh as everything else in the remodeled home.Water DamageIts easy for remodelers to cover up water damage...more
Do your research firstEven if you fall in love at first sight with the Miami real estate property, make sure that youve done your part in due diligence. Research is a crucial step in home-buying; its importance cannot be stressed enough for every homebuyer, especially first-time individuals. The first thing you should look is the citys current...more
Buying a house is a really big deal. Not only is it a very pricey purchase, it is also one that has a multitude of complications. All of the different aspects of the purchase will need to been gone over carefully and thoughtfully before you finally sign the papers. There are things that you will need to check about the house that you like. You need...more
It seems obvious, right? Making money with your real estate career comes from striking deals on free and clear homes. If its so easy to understand, why arent more people doing it? There are many options to making a free and clear home work for you. Here are just a few ways to help you get started.1.Free and clear houses are totally flexible. Remember, theres no mortgage to pay on these properties. You can convince the seller to wait for their share of the money, sometimes for long periods of time. For example: you find a house you want to buy thats worth $110,000. Its owned free and clear so you offer the owner $100,000paid when the house sells. That could be as long as 15 years. It may surprise you to know there are people willing to wait for their money.2.Pay the seller monthly. Some sellers of free and clear homes will want a portion of their money monthly. You can still make a reasonable income this way. Lets say you decide to rent the property for $1,000 a month. The seller wants $600 every month. You still make money. Even if the seller wants the full $1,000 every month, its a good deal for you. Your cash flow is zero, but if you structure the deal in a way that theres no...more
Buying your first home is a big, life changing decision regardless of the economic climate. The decision becomes even more bold in an a recession where job cuts are rampant and the housing market has been in a slump for over a year. Nevertheless, if...more
From living on your own for the first time to starting a family with someone, a house can be the dwelling place of lifelong memories. The structure, design, size, etc. - should all suit your lifestyle goals and needs. A house should be a place where...more
Costa Rica, also known as The Rich Coast, is known for its amazing natural beauty and ecology. Costa Rica is also identified as "Switzerland of America" and is hallowed with heavenly beauty, thus called as "Heaven on Earth". As this country is truly...more
CostaRica is the place for retired people and investors. A country with coastlines in the Pacific as well as Caribbean Sea, it boasts of wonderful beaches, tropical rain forests, magnificent mountains and a soothing climate. A hot destination for...more
If you need to sell your house fast, then you have 3 different options. You can list your house with a Realtor, try to sell home fast yourself, or sell it to an investor. Each one of these has its perks and disadvantages. Below I am going to go in...more
Unfortunately, todays market is plagued by fly-by-night wanna-be real estate investors that try to take advantage of homeowners by making low-ball offers they cannot afford, writing contracts they cannot honor, and ultimately giving legitimate...more