Having an own home is anyone desired of, and especially if you do have that financial resources that can actually capable to purchase a home that you are dreaming to buy. But, few things that you must be considered before making a decision of purchasing a home.Selling a home to soon is one thing that you must avoid when buying a home. This will put you in a financial bind and it's true because selling a home before it has appreciated enough in...more
New York foreclosed homes may get a boost from the economic stimulus package introduced by President Obama in 2009. As part of the package, New York City is slated to receive $5 billion to improve infrastructure, create new jobs, and revive the local economy. A reported $1 million of that will help repair buildings in areas with high numbers of foreclosed homes. Some experts predict that the money may go to help people facing foreclosure or...more
If you are fond of transforming ugly real estate properties into gorgeous and exquisite homes, you should try rehabbing houses for profit. This type of real estate investing has become the bread and butter for many real estate investors because it is fun and enjoyable way to make a living amid these troubled times. It also offers great opportunities without the added risks.If you want to transform a handyman special or a distressed property into a gorgeous home, one of the first things you should look into is the houses exterior. Make sure that the roof is intact to ensure that it wont fall on you the minute you enter the house. If there are damages, get it fixed as soon as possible to keep the property dry. Replace broken windows and the siding to improve the overall appearance of the house. This will help you attract the attention of passersby who might be interested in buying the property once the repairs are finished.Next is the plumbing, electrical, and the air conditioning systems. Before you install new fixtures or repaint the walls, take care of the propertys plumbing system and make sure that the pipes wont get busted when you turn on the water supply. When rehabbing...more
Wholesaling houses has taken the country by storm as more and more people are leaving their usual nine-to-five jobs to make money in the real estate business. Because most experts are saying that this type of real estate investing is one of the fastest ways to rack up huge profits in the housing industry, many people are becoming more interested in...more
Flipping houses can be very profitable. It can give you big money especially if you know how to go through every step the right way. If you plan of getting into the real estate business and try your luck at flipping houses, keep in mind that your primary goal should be to get as much money as you can. In this article, we will share with you some...more
Rehabbing homes is not only profitable. It can also be a lot of fun. However, if you plan of getting into the real estate business, you also need to understand that the whole the business can be risky and demanding. In this article, we will share with you some tried and tested tips to help you rehab homes and hopefully increase your chances of having more profits in the end.Before you start your rehabbing business, be sure that you are 100% sure that you are ready to take on the challenge. It takes a lot of confidence and determination to sell houses in the rehabbing business. You also need to be realistic. Do not expect that your property will sell at the top of the market. Most rehabbers price it at around5-10% below what it should list. This allows you to move quickly and make more money.When rehabbing homes, be sure that you understand all costs. If possible, itemize all costs rehab costs, closing costs, holding costs and selling costs. Plan your budget and stick to it. You may also include all contingencies for unexpected problems and repairs that you may encounter throughout the project.More than just your budget, your timeline is also very important. Make a detailed...more
The recession has caused many people to lose their jobs. Not a few companies closed down because of the economic slump. Despite all these negative developments, something positive has actually resulted from that market slowdown. It opened an...more
Do you like challenges? Are you a problem solver? If you have a penchant for doing challenging tasks, then you should try rehabbing a house for profit.Being a rehabber is a fun way to make money in the real estate market. You get to be your own boss...more
Wholesaling houses is simply the act of placing a property under contract and then selling that contract to a buyer. According to seasoned investors, this particular type of real estate investing is ideal for those who want to make huge money in the...more
A lot of people commit common errors when they and fix and flip houses. The sad part? Sometimes they dont even know what theyre doing wrong. For those who want to be successful at rehabbing houses, here are a few mistakes you should definitely...more
Real estate is continuously proving to be a profitable business despite the very difficult economy that we have today. The even better part about real estate investing is that it offers a wide range of options to choose from. Rehabbing a home is...more
For sale by owner, or FSBO, homes can be a great choice. But there are some things you'll need to pay attention to, too. You're doing without the middleman when you choose this kind of house. That means that they're less expensive, but that you also...more