The Obama administration announced earlier this month that it had achieved its goal of helping 500,000 troubled homeowners with trial loan modifications under its Making Home Affordable Program, part of a nationwide effort to stem foreclosures.The report came as a number of senior House representatives announced that they were backing the $8,000 tax credit for first-time home buyers, strengthening claims that federal support is still essential to...more
Some businesses fail because their owners missed minor details about the venture. Details indeed are powerful because they can make or break success stories. In the case of wholesaling houses, there are details you can skip. There are also details you must know like the back of your hand. Here are some of those you must keep in mind.Wholesaling houses is dealing with contracts. This business is basically placing a property under contract to...more
For every business, theres always a set of fallacies surrounding it. In the case of flipping houses, there are many false beliefs that have discouraged prospective investors. However, those who dig deeper learned that all those truths were actually lies that originated from misinformation. Here are some famous fallacies about flipping houses.1. Only rich people can venture in this business. A lot of people think that flipping houses, which is also known as wholesaling houses, requires a ridiculously huge starting capital. After all, you deal with houses, right? Wrong. You dont exactly buy and sell properties; you merely sell contracts to buy these properties. This business is placing a property under contract to buy it. And then, you will look for a buyer who will purchase it using the contract you made the owner sign. In the process, you take home an assignment fee. The only capital you will need is enough money to convince the owner of the property to place his house under contract. Some owners agree to wholesalers terms for as little as $10. Its because they feel that you are helping them sell the property, which you are actually...more
If you are planning of flipping houses to earn more income, there are a few things that you need to keep in mind before you make the leap. First and foremost, it is very important that you have enough capital necessary to get the whole project moving. Second, you need to decide whether you will do fine working on the project on your own....more
The formula to making huge money when you fix and flip a property is to beef up its curb appeal. After all, who in their right mind would buy and live in a house that looks like it came straight from a horror movie? Therefore, if you want to turn your rehab project into a big hit, then you better know how it can capture the buyers attention in just...more
Many are convinced to get into the rehabbing business. Rehabbing a home can be very lucrative. However, before you make any final decision, it is very important that you know some tips, which will help you, lower your risks when doing the business. 1. First of all, make sure that all your contractors are licensed. More than just that, they should also be insured and bonded. When looking for people to work in your project, do not treat them as employees but as subcontractors. The best way to do this is to ask them to sign subcontractor agreements. The contractors that you hire should have their own workers compensation insurance. They should also be able to set their own working hours; work for others aside from you and; have their own means of transportation and tools.2. Identify repairs at the outset. Deal only with contractors after you have performed a background investigation. Call references or check with previous employers. After you have made your pick, make a written bid. As a rule, every repair should be put into writing. For instance, all materials needed should be listed down accordingly. More than anything makes sure that all...more
Rehabbing a house shouldnt be a pain in the neck. In fact, it is a highly enjoyable and exciting task because you get to experience firsthand the joys of transforming an ugly house into a thing of beauty. You can also earn a lot of money while doing...more
Removing Water (Spots) MarksDetailer's may occasionally come across vehicles which exhibit what appears to be one of the following conditions: Water Spots, Etching or a "rough to the touch" feel.Water doesn't leave marks or etch glass; it's the...more
Make the Most of that First Impression A well-manicured lawn, neatly trimmed shrubs and a clutter-free porch welcome prospects. So does a freshly painted - or at least freshly scrubbed - front door. If its autumn, rake the leaves. It its winter,...more
We do have to go after that which we want with a decent notion of what the final conclusion will be and we require the correct mind-set. You could assault your cheap home contents insurance as if it were a military campaign and you are certain to...more
5 Ways To Get Cheap Homeowners Insurance In Hannibal Are you looking for cheaper homeowners insurance? There are many things that you can do to reduce the insurance premiums or rates. Given are some points which will come in handy in...more
Your home is one of the most loved priced possessions that you have nurtured all your life and protecting it from any unwanted events is your prime priority. So you would do anything to safeguard it from unwanted events like earthquake, fire, large...more