When you buy a new home there are many things that can be stressful about the experience for you; the most stressful part of this endeavour for your cat, however, is moving from one familiar location to a new, unfamiliar one. Your old house is a comfortable and familiar territory for your feline friend while your new home will be a strange place and not smell right to your cat for a while when you first move. Cats need to settle in slowly to a...more
CreditJust like defaulting on the primary mortgage, if you fail to pay the second mortgage on your Miami luxury home, your credit will suffer. Once you start missing on your payment, your lender, regardless if the first or second, will typically report the delinquency to the three credit bureaus. This will automatically reflect on your credit report and pull down your FICO rating. This will only happen, though, if you continuously miss your...more
Negligent De-valuersAs a resident of a particular neighborhood in the city, its your duty to contribute to the wellbeing of the community by taking care of your Miami real estate property, especially your personal curb appeal. But in every neighborhood, there is always this one family who continuously or even intentionally forgets to mow their lawn, cut overgrown shrubs and take care of their exterior. Homes without proper outside maintenance can pull down the value of other properties around them. What you can do is to talk to the family and tactfully remind them of their lawn maintenance duties. You must show a level of savoir faire when it comes to dealing with these people since you are not aware of the reason for the neglect. Oftentimes, neglect on maintenance is caused by personal reasons, e.g., divorce, this is the best time for you and other neighbors to step in and help out. Dangerous NeighborsLike the aforementioned type of neighbor, there is also always someone in your Miami real estate neighborhood that is just not worth getting close with. You shouldnt mistake this, though, for with not worth getting to know. Dangerous neighbors are often those who tend to keep to...more
PiggybackOne of the most popular types of home equity loan is piggyback loan. This is particularly helpful if youre planning to buy a second Aventura real estate property but cannot come up with the complete 20 percent down payment usually required by conventional mortgages. You have the option to get a Home Equity Line of Credit (HELOC) for the 10...more
Rehabbing houses gives great returns to those who practice it correctly. Millionaires who made a fortune from this business are living proofs that it indeed is profitable. Youve seen how it works on TV and you believe it really is the way to make money, especially at a time that financially stability is of essence. The only issue now is if you are...more
Rehabbing a home shouldnt be that expensive. In fact, there are many ways to transform an ugly fixer upper house into a work of art in just a few hundred dollars. If youre a rehabber of properties who want to save big bucks when fixing and flipping homes, then read on.Improving a propertys curb appeal doesnt have to be that expensive. If you would just use your creativity, resourcefulness, and ingenuity, you will be able to find 101 ways (or more) to boost your fix and flip projects market value without having the need to spend millions of dollars up front. To give you an idea, listed below are some inexpensive suggestions on sprucing up a propertys looks:First stop, the yard. Removing weeds on the garden and easy-to-notice areas, such as sidewalks and walkways, can dramatically enhance the houses looks. When rehabbing a home, you should also have to make sure that the lawn is in a nice shade of green so water it regularly. Planting flowers in front of the house can give the property an inviting and homey feel to it.Cleaning the houses vinyl sidings with soap and water doesnt cost a fortune. And if you want the task to be finished quickly, you can rent a pressurized washer from the...more
If you are adept at doing handyman and Do-It-Yourself (DIY) jobs, then you would surely enjoy fixing and flipping properties for profit. In real estate, rehabbing basically refers to the process of renovating a fixer upper home before selling it at a...more
If you want to earn extra money, rehabbing a home for profit might work for you. Also known as fixing and flipping properties among real estate investors, rehabbing involves the process of buying and refurbishing an undervalued or distressed property...more
Contrary to popular belief, you dont need millions of dollars when rehabbing a home. You really dont need your own construction company to become a successful rehabber. With just a dose of creativity and ingenuity, you can turn an ugly house into a...more
Have you ever felt the need to buy something but your lean wallet stood on the way? Not a few people go under this situation. They have day jobs but their finances never seemed sufficient to really enjoy life. How many vacation trips have you missed...more
When you buy a fixer upper home, you can expect it to need repairs. In the first place, thats mainly the reason why it is undervalued and why you bought it for rehabbing. However, there are repairs that could bust your budget. These are major and the...more
Rehabbing houses is a fun way to pass the time and rack up big profits. Because of the perks it can bring to rehabbers of property, many people are encouraged to try this type of real estate investing. In fact, some of them were leaving their usual...more