Investing in condo foreclosures can be a very cost effective way of owning a comfortable house. Condominiums are composed of a group of residential buildings in which the facilities are commonly shared such as pools, play ground and park while the residential apartments are individually owned. This residential option available in a condominium is ideal for single professionals and small families. Listed below are some of the benefits of investing...more
Foreclosure process is a procedure which starts when a home owner is unable to pay the loan amount unpaid to the lender or is unable to pay taxes outstanding to the government departments. In both cases the Lender or Government issues a Lis pendens which is a notice for the start of the pre-foreclosure process. Home Owner is given a certain time after the lis pendens is issued to either sell the home themselves through short sales or settle the...more
Just recently the U.S. House of Representatives decided to pass a new bill that will grant an extension and expansion of the Federal Tax Credit for First-time Home Buyers. This extended tax credit will be good through April 30th, 2010 that now also includes a 60 day extension should there be a binding contract in place prior to the deadline.The tax credit for first time home buyers will still stand at a tax credit of up to $8,000. Existing homeowners however, will receive a reduced credit of up to $6,500. In order to for existing homeowners to be eligible for the $6,500 tax credit, they have lived in their current residences for at least five years. Another change in the bill is an increasing of the qualifying income limits. Single tax filers income limits were once $75,000 and joint filers were once $150,000. The new qualifying income limits are $125,000 for single tax filers and $225,000 for joint filers. The purchase price of the home is capped at $800,000. These new changes are aimed to encourage existing home owners to sell their first homes in exchange for purchasing larger and more expensive homes, basically their dream homes.Additional stipulations in the bill...more
Due to the current recession, many people are facing great difficulty in buying houses that truly are affordable for them. Government grants for first time home buyers could be the solution. You too can purchase the home you always wanted with the assistance of a check of $15,000 from a government grant.Consider the fact that not everyone has...more
Fixing and flipping houses, no doubt, is a good source of additional income. Especially today when the economy is still reeling from the recession, it literally pays to have extra money. Its attracted the spotlight that even online education about is now available online through websites like REIwired. But did you know that apart from giving you...more
Nowadays, more and more people are encouraged to venture into the real estate business. This business can be very lucrative especially if you have gotten yourself familiar with the basic dos and donts prior to even starting anything. REIwired is your online resource site which aims to provide real estate enthusiasts with useful and updated materials.REIwired takes pride of having a circle of equally experienced and highly competent real estate investors. All of them have made modules and programs about their field of expertise so it is always guaranteed that members get loads of good insights which come from first-hand business experience. In this article, REIWired shares with us a few easy tips on how to rehab a home. The first thing that you do if you want to become a rehabber is secure your financial source. How much are you willing to spend? Where will you get the money for your investment? The next thing that you do is look for the property to rehab. In rehabbing, finding the right property is very important. Aside from the location, the structure and the extent of renovation you need to take, price is king. Find a good value. The profit that you will get will...more
Many people are venturing into the real estate today. REIWired.com is the perfect site to browse on if you want to find out about how to get into the rehabbing houses. In this article, REIwired.com shares with a few tried-and-tested tips on how one...more
Wholesaling houses is considered the perfect entry job when it comes to real estate investing. Its less complicated to do compare to other forms of investing. However, just as in any business, a small error can swell into something huge. So before...more
If you are a first time home buyer who is looking for an affordable property with less maintenance compare with regular home, Bountiful condominiums is what you are looking for. Being in a condo is a perfect place for those people who don't want...more
What is Twitter? You probably already know what is twitter.com, twitter is a social networking site that you can update from your computer or your phone. With twitter you can also track what are your friends doing from time to time, update of their...more
Renting a home is a great option for many people for different reasons. Whether you are looking for a place to stay in the short term or if you just arent ready to buy, renting a house, apartment or other type of home can be a great option. Here are...more
With thousands of properties for sale and able to provide exceptional choices as well as longer opening hours for convenient viewings, Umbrella Real Estate makes the most preferred real estate site for thousands of buyers.So how does Umbrella Real...more