19 November 2009, 11:52 am
To be successful with a fix and flip first and foremost you must buy the home right. If you pay too much to start with, no amount of fixing will help. You must know your market area, know the value of the home when it is all fixed up. Generally you must buy the home for 70% of market value or less to make it pay off. 50% of value if there are major repairs needed. Paint is cheap, but it wont fix a roof!
Have a home inspector look at the house before you buy it. He will generate lists of repair items. You will have to prioritize that list, if you decide to buy the fixer upper. You will have to have either your own money to buy the home in most cases. After you are the owner it is much easier to get a loan for the repairs.
10 November 2009, 12:48 am
There has never been a better time in history for tax lien investing.
This economy has made getting a house from your Tax lien investment much easier, foreclosed owners just aren’t paying their taxes and the banks are so heavy in foreclosure inventory that it is cheaper and easier them to write off the loan and let the property go to the county for tax sale
Filed under Loans and Credit, Porter County Sales, ReHabs, Uncategorized.
Tagged home values, Indiana, mike adams, northwest indiana, real estate ideas, real estate solutions, Rehab, rentals, tax lien, tax sale
4 November 2009, 10:56 am
A step by step guide to purchasing a property by MITCH RISCOLL guest writer from the UK Purchasing a property can be one of the largest financial commitments that you will ever have to make. The legal process involved can be frustrating, especially if you don’t understand the process and the terminology involved. It is [...]
30 October 2009, 8:58 pm
Obviously, both mortgages and jobs are difficult to come by these days, but if you really want a house or apartment of your own in the future, no matter how long it takes to get it, now is the time to think ahead and to put yourself in the best possible position to get a mortgage when the economy improves.
29 October 2009, 8:15 am
“How will I set my asking price? Can I be unbiased during this process?” You love your home and perhaps invested money in it over the years. However, market value is market value.
25 October 2009, 7:40 pm
Your property is ready for occupancy, and you probably can’t wait for someone to fill out the rental application and make you a landlord. However, don’t rush! It’s worth letting your investment stay vacant for a short time while you make sure that the completed rental application tells the right story.
21 October 2009, 11:42 pm
Good Advice From the Web… This was written in ’03 but advise is still valid!! (admin) Buyer Beware by Jeffrey J. Meola, ABR RE/MAX 1. Who is your agent working for? The seller will have professional representation…will you? A real estate agent may represent the buyer, the seller or both in the transaction. Make sure [...]
18 October 2009, 2:05 am
Looks like they do!! Paranormal Activity….Possibly the scariest movie you will ever watch!! This movie only cost $11,000 to make….Should gross 100M easily!! How is that for return on investment? Technorati Tags: Home,homes,hauntedhouse,return on investment,paranormal activity Share and Enjoy:
17 October 2009, 1:52 am
With the fall and winter months upon us, now is the time to do some routine maintenance around your home to prepare for the changing weather ahead. Taking the time to do some work now may save on some major expenses later on.
14 October 2008, 8:25 am
NO mater what you believe… the market is greator stinks your right! There are some sectors that are good and growing… Owning rental property is on example…. There are some areas that are distressed. First time owners are in this category. If you need down payment assistance most if not all of the programs have [...]
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