What About Buying REO’s After The Foreclosure Is Complete? Posted By : Dave Dinkel
The process of buying properties that have been through the foreclosure process can occur in a couple of ways. First, the home can be sold at the foreclosure auction with the buyer being someone other than the original lender. Secondly, if there are no bidders at the auction, the lender will get the home back as the high bidder for $100 over the amount of the final judgment in the court action.
Do Your Own Real Estate Inspection Like A Pro Posted By : Brian Walker
Real estate roperty, like any other good for sale, comes in all conditions. But the average home or real property costs 8-10 times or more the amount of other high ticket items. That’s what makes it an investment rather than merely a purchase. Essential to ensuring it’s a sound one is getting a thorough inspection. Write right into the deal that any offer is contingent on a satisfactory inspection. And what constitutes ’satisfactory’…?
Florida’s Newest Anti-Investor Legislation Posted By : Dave Dinkel
While investors are calling Florida’s new foreclosure legislation “Anti-investor” it was actually meant to be an anti-fraud statute. Previous legislation in Florida referred to as “Victimization” statutes also tried to slow or stop the pace of investor fraud against unsophisticated homeowners and homeowners in financial trouble. Both legislative efforts were well intended, but as with many other states passing similar legislation, the result will have negative effects on the housing market.
Feasibility Studies
Feasibility studies are a combination of a market study and financial analysis used to determine if it is financially feasible to develop a proposed property. They are also performed to evaluate the feasibility of renovating or upgrading an existing property. Feasibility studies determine whether a property is financially feasible and whether its complete and stabilized value are equal to or exceed (1) the total costs to build it, (2) entrepreneurial profit and (3) an adequate return for the capital invested to develop the property. r
Remodel Your Guest House for More Practicality
Guest homes can be remodelled for convenience and and practicality. If you don’t expect guests very often, use this area for more practical and personal uses.