I have got this one info: “Young people and immigrants are likely to flow to Florida, Tennessee, Virginia, Nevada, Arizona and some of more affordable interior parts of California. There are a couple of things a would be investor should be wary of. Each state has licensing laws, and certain things require a professional license....Read More
Now, if you were to actually buy a house or other real estate and close on it, you would have transactions costs. There would be more transaction costs when you sell to the next investor. Then there would be more transaction costs when he sold the property to the final buyer. As you can imagine,...Read More
Separate the facts from the “BS”. – Ask lots of “What if…” questions. For instance, what happens if you’re not able to get financed at the end of the term? What happens if the house is worth more at the end of the lease term than the price on which you’ve agreed? What happens if...Read More
The most accurate and the most exact way of knowing your lawyer’s charge for the closing is asking him or her about it. It is important that you have a constant communication with your lawyer so that you can talk this thing over. Having a healthy relationship with your lawyer is really a big help...Read More
The most important answer is: a well-crafted business plan. Developing a meaningful business plan is more than just sitting down and describing your product in glowing marketing terms. The act of creating a business plan forces you to think about the various aspects of the business. It also places you in the position of your...Read More
When interviewing lawyers, do not let yourself be intimidated and do not be shy! If there is something you do not understand, ask questions. Discuss the legal fee and find out how and when the attorney expects to be paid for their work. They know nothing about selling a home the traditional way; now, they’re...Read More
Include a consequence for backing out of escrow if there is not a valid reason. For example, if the seller backs out of escrow at no fault of the buyer, the buyer should receive their deposit back. If the buyer backs out without good cause, the seller shall keep the buyer’s deposit. It is okay...Read More
Separate the facts from the “BS”. – Ask lots of “What if…” questions. For instance, what happens if you’re not able to get financed at the end of the term? What happens if the house is worth more at the end of the lease term than the price on which you’ve agreed? What happens if...Read More
The real estate agent is usually the one to give all of the closing information to the title company and lawyers so that the deed to the property can be transferred from the seller to the buyer with no problems. This is when checks are transferred and mortgages paid off. It is also when the...Read More
Separate the facts from the “BS”. – Ask lots of “What if…” questions. For instance, what happens if you’re not able to get financed at the end of the term? What happens if the house is worth more at the end of the lease term than the price on which you’ve agreed? What happens if...Read More
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