Does the basement laundry feel like a dungeon? The average person spends six hours a week doing laundry. That’s the equivalent of 13 days in a row of nothing but laundry! It’s no wonder there is a trend toward improving laundry spaces. While top clothing is becoming the standard, many people still have to trudge to the basement to get […]
Cash on Cash (CoC) provides an easy way for real estate investors to quickly compare the profitability of similar income-generating properties or evaluate it against another investment opportunity. CoC, however, is not a particularly powerful tool for measuring the profitability of rental income property and currently receives less attention in real estate investment analysis than it used to a few […]
Participating in seminars as a panelist or instructor is a great way to generate leads, build contacts, and position yourself as a real estate expert, particularly in the eyes of prospective clients. If you’re interested in expanding your marketing with seminars, read on to learn how. Network with bank lenders and mortgage brokers Today, many lenders and brokers offer first-time […]
A foreclosure hardship letter is an integral part of the Loan Modification or Short Sale package. When homeowners face foreclosure, these documents are sent to the Mortgage Lender’s Loss Mitigation Department. Loan modifications are offered to homeowners who have the financial ability to catch up on late payments. Short sales are offered to homeowners who do not have the financial […]
Whenever you sell something, it is natural that you want to get a good price. This is especially true when selling a home, as it is generally the largest investment you will ever make. However, since real estate prices can vary greatly based on a number of factors, such as the state of the nation’s economy, the current inventory of […]
For those looking to invest in real estate in today’s market, there is a unique way to make a profit without the need for cash or credit, and without the risks or headaches of owning rental properties. In this article, I’ll show you how you can place unsold homes under contract subject to the existing mortgage, and then assign the […]
In the United States, approximately twenty percent of home sellers complete Sale by Owner (FSBO) transactions. For many people, the cost of a real estate agent could be money well spent elsewhere and to be successful in the FSBO market it is essential to use all the tools and resources available to you. Knowledge, planning, and a long-term vision can […]
The blue book value of a mobile home is exactly what it sounds like: a numerical value found in a book. In the past, there were several books. Today, there is only one book that contains the blue book value of mobile homes. It’s called the NADA Manufactured Home Assessment Guide. This guide is what professionals use to determine the […]
Marketing of expired listings is a strategy that all real estate investors should implement. Expired listings occur when contracts between sellers and real estate agents expire. By reviewing expired real estate listings, investors can quickly find owners willing to sell their property. To fully capitalize on the list, investors must first develop a strategic marketing plan. The first step in […]
In today’s market, there are many borrowers who do not fit the traditional mold, especially in terms of their employment, i.e. commission salespeople, freelancers, investors, etc. Understanding this fact, the mortgage industry has adapted by creating programs known as undocumented loans in which borrowers qualify based on their credit history without the need to document income and assets. Here are […]
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