Benefits for the seller Most of us want to pay as little tax as legally possible and getting a large sum of cash at closing requires us to pay a hefty tax bill either then or ultimately come tax time. Sellers can pay a much smaller amount of taxes by selling via owner finance or seller financing than if the seller went the usual all cash sale route. Highest Price. A seller can most often receive the highest price when offering owner financing....more
Author: Matt MccabeWhen you are getting ready to move, your closets are likely to be among the last thing packed. Upon looking at your closet, you may think that you will require only a small box to carry all of your clothing. Many people end up highly surprised by the amount of clothing that they actually have. Worst of all, throwing your clothes into a box, even if you take the time to fold them, will result in a wrinkled and jumbled pile...more
If you have been looking at a bank foreclosure listing service, you may be eager to buy your own property. If you want to go from browsing a bank foreclosure listing to being the proud owner of a home, however, you need to start by getting ready to buy. Often, this means taking care of financing first. Foreclosures are priced to sell and you will have more negotiating power if you have financing in hand and are ready to buy quickly. Therefore, make sure that you can get pre-approved for a loan or line of credit with a lender. This will allow you to secure financing quickly. Compare several lenders including banks and hard money lenders to find the best terms and rates possible. Work on improving your credit rating so that you can secure the best rates. When you find a foreclosed home that you want, you will be able to act quickly to secure a mortgage.In addition to financing, make sure that you have the information you need to act quickly to close on a foreclosure. Have assessors and inspectors in your address book, so that you can quickly get more information about a property when you need it. Research foreclosures markets and neighborhoods so that you are knowledgeable about an...more
My husband and I are close with a couple who has just made their first home purchase. When they decided on purchasing this home they sat down and discussed the area that they would feel comfortable living in, as well as shopping and raising a family. Once they decided on the best location to purchase their new home, they finally purchased a...more
You have probably heard the term wholesaling a hundred times but did you know that it is one of the quickest and easiest ways to make money in the real estate business? Yup, you heard it right. This particular type of real estate investing allows many people to live the life they have always wanted. In addition, wholesaling houses is so easy that...more
Looking for a good way to make money in the real estate business? If you are, you might want to try wholesaling houses. Being a wholesaler is relatively easy. You dont need to spend huge money up front or obtain a bank loan just to get started. In fact, you dont have to face huge risks at all.In a nutshell, a wholesalers task is basically to find bargain properties and then sell them to bargain hunters. To sum it up, a wholesaler has to find a property, place it under contract, and then sell or assign the said contract to a buyer, who will close the transaction. In this type of real estate investing, an investor acts as a middleman between the home seller and the buyer.You must be asking yourself, Why wholesale? Well, dont you want to earn at least $10,000 a month? A wholesaler basically earns from $5,000 to $15,000 per transaction. Sometimes, the figure can be as low as $3,000 or as high as $20,000. Just imagine if you have managed to snag five deals worth $10,000 each and close them within a month. Now, you do the math. Not too shabby, eh?Another reason why many real estate investors are hooked on wholesaling houses is that they can earn money quickly. Unlike when rehabbing...more
Once you are looking for your 1st home, then get ready for a drive of wonder. Almost all individuals have a tendency to undervalue numerous considerations about purchasing their 1st property such as the monetary value, the acreage, and the deposits...more
Achieving the so-called American ambition of riches is targeted by nearly everyone, yet it is getting more difficult to attain. There are many households in the US, and their number is growing every day. When deciding to acquire your first home, it...more
Are you a 1st time property purchaser hoping to purchase that perfect home? Perhaps as a first timer, you are not conscious of the gains you may bring in while you are buying a new home. The government has been developing numerous ways to supply...more
For 1st time house buyers, aid is essential and is obtainable. Well, notwithstanding from that, they require speeches of guidance. Here are some examples of advice that you can make: Beat the Deadline - Once you wish to take advantage of the house...more
Just by picking up the local news paper, it's hard to look past the abundance of We Buy Houses classified ads. In addition to print advertising, chances are you have/will be driving by a multitude of We Buy Houses bandit signs (a.k.a. road signs) of...more
Investing in overseas properties, it is essential that one should consider some important points so that you yield good returns ahead. The property you choose should be in great demand in the world real estate market. Apart from the demand factor,...more