You are ready to buy a home, or are you? Most likely you will need a mortgage to purchase your next home and you will need to qualify for that mortgage. There are 3 things you should not do before you buy a home. These three things will make it eaiser for you to qualify for that mortgage and get the best interest rate you can.1.Dont Open any New Lines of CreditWhen you apply for a mortgage, the mortgage broker will pull your credit report. ...more
In todays real estate market it is difficult to hide from the fact that foreclosed homes are quickly becoming a large part of the available inventory on the MLS (Multiple Listing Service). Real estate investors who in the past have primarily looked to other sources for their deals are turning more and more to foreclosed homes and working with banks as a way to profit. I find that many new investors get very excited about the prospect of finding...more
Many individuals are quitting their regular day jobs to go full time in real estate investing. Rehabbing a home proves to be a very lucrative venture despite the global crises that besets our economy today. However, more than just how much you are going to get, there are a hundred of other reasons why rehabbing a home is one of the worlds best jobs. In this article, we will share with you 5 reasons why rehabbing properties can be a lot of fun.You get to handle your time. The best thing about getting into real estate and losing your regular job is the fact that you get to handle your time. Gone are the days when you had to set your alarm clock and drag yourself out of the bed early in the morning. You can make your own pace without anybody telling you to hurry up or slow down. You can set meetings at your convenience.Forget the dress codes. One of the downsides of going to a regular day job is that you need to conform to certain dress codes. If you go to a corporate set-up, you need to deal with even stricter dress codes. When rehabbing a home, you get the privilege of wearing anything that you want to. In fact, you can start making money right after you get out of bed and even when...more
These days, hundreds of people are working in a home-based business. Some people may work for another company but may work out of their own homes, and other people may run their own businesses from their own home office. Whatever the case, issues of insurance may become trickier when youre dealing with a home-based business, since two things that...more
If you have a home with a mortgage payment on it and you have missed one, two, or even three payments, you can still stop the process of foreclosing on the property. Banks want you to get caught up. They dont want your home. You have to work with them though or they will move forward with making your home the next of the Bronx Foreclosed Homes at...more
If you have been thinking about jumping on the foreclosed homes bandwagon and making some pretty good money off of these homes then it may seem like a simple process. Get a foreclosed home listing, make an offer close to the listed price and cash in. Unfortunately as with anything in life it is not quite that simple. The great news is that while you probably wont make big money all that easily with some hard work and a little knowledge you can cash in on one of the hottest foreclosed homes markets we have ever seen. The key is to avoid 3 of the big mistakes many new investors make when setting out on making their fortune in real estate investing. Mistake 1 Using the banks sale price. Many new investors often use the banks price on a foreclosure listing as a method to decide what they will offer for the home. Here is a common scenario, take the banks listing price on the foreclosure and reduce it 30% to make an offer. While this is a simple method and appears you are sure to get a deal there is one problem. The banks listing price may or may not have anything to do with the value of the home. I recommend that you completely ignore what the foreclosed home is listed for and only...more
You can also consolidate your homeowners insurance with other policies like auto insurance and health insurance. Homeowners can save a lot of money by doing this. Insurance firms usually give heavy discounts for moving to them. Consider these useful...more
If you are selling a house, you should look into hiring a real estate agent. This type of professional can help you in several ways during the process of putting your home on the market. Find out the ways in which you will benefit from hiring someone...more
Do you need home owners insurance? All homeowners should have home owners insurance as there is so much money tied up in a house, and you don't want to risk that investment. New homeowners usually don't wait long to buy home owners insurance when...more
I've noticed that there's a trend these days to sell houses without an agent. That's what I've been doing for many years, selling houses myself as a real estate investor. And now I've seen quite a few homeowners selling houses by owner. Hopefully,...more
There isn't any doubt that many of us need to look at and approach things using the right type of perspective and be clear what we want by the end. You could approach home and contents insurance comparison just like a military campaign and you would...more
Where does insurance cover originate from and how long has it been with us? That is a few legitimate questions and the answers will vary depending on your personal point of view or research. What any insurance does is spread out the risk more thinly...more