subject: Questions Investors Should Ask When Buying and Selling Investment Property [print this page] If you are a real estate investor, here are some questions to consider when you held as investment property. Are capable of reasonable answers to these questions will significantly increase your profits:
Why do homeowners sell cheap prices?
There are many factors that owners can prevent in a position to maintain their homes. Factors such as job transfer or loss, the divorce, illness, addiction, drugs or alcohol, or any of a variety of other problems to overcomeHomeowners. If that happens, at home a low priority and necessary repairs are no longer manufactured. The house may even be in foreclosure.
The death of a relative can leave a homeowner with a house no one wants to be a burden. These homes may just be "tired" and only in the cosmetic upgrades need to compete with other homes on the market.
I recently purchased a "Triple D" House: was one that had participated in a divorce proceeding, went through standard, and was aDoghouse. But it needed only cosmetic work, so my daughter and I bought it, and we do everything ourselves without the help of the people in our lives, and we expect to nearly 50,000 U.S. dollars a month for the work to be done. This is not so much as our men in general for their "dog house to make," but we're not going to work nearly as hard.
What should you look for?
The hardest house for sale for homeowners is a "dog house", also commonly known as "dump" or "fixer-upper" known. This run-downHouses deter most buyers, which the pre-funding shortfall for the down payment, closing costs, new furniture and new things such as carpeting, roof repairs and other repairs that may be required. In this sense, searching for key words such as "Girl Friday," "as is", "junkie" and other telltale words in real estate ads or listings you can make money.
Talk with your brokers for these types of keywords when you use this a Multiple Listing Service search in your target area. If you have aFixer that you transform from a doghouse to find a doll, to offer the seller the problem and then a solution. These problems are often related to money, it is ready to close quickly is important in general, and can at a bargain price from a seller in a financial dilemma.
How do you close quickly?
You can close more quickly by reminding the body of your loan before you even negotiate with the seller. Motivated Seller respond positively if you have registered before -Your loan, you also get pre-qualified "and" pre-approved "by an experienced lender let other person know that you can close quickly.
How "bad" is good?
When you first start in the real estate "fixer" enterprise, look for UGLY houses needing only cosmetic work are. Entry Level "slap 'n go" fixers are houses that are being cleaned up, paint and carpeting.
