Blog Archives
What Is Reverse Home Staging in Real Estate?
Reverse Home Staging, What It Is and Why You Don’t Want to be a Part of It Staging in real estate is where a seller does a temporary beautification of a property. The furnishings are usually rented or supplied by the listing agent with the intent of selling the home more quickly. The listing agent may
How do You Comp Rental Properties in 5 Seconds or Less?
Investment Property Cap Rate, What You Need to Know Many investors have a problem with determining what offer price to make for mufti-family properties. I am not talking about a single family home (SFH) being rented but pure rental income properties. Hedge funds have been buying SFH’s like crazy not because the yields are great,
Why Can’t I Get My Earnest Money Deposit Refund?
Earnest Money Deposit Refund, Who is Pocketing It? When a buyer cancels because he is tired of waiting to get the deal closed, is that a legitimate reason not to close? Look at your contract because that’s what will govern his losing his EMD or walking away simply because of buyer’s remorse and not forfeiting
Grasping the Concept of Wholesaling Real Estate
Where do you begin to learn wholesaling real estate? One of the issues that has often kept newbie investors from getting started is understanding the concept of wholesaling. While the definition may be simple, “Buy a property at one price and sell it higher”, the bigger concern is how this can be done without having
Should You Ever Sign A Hold Harmless Agreement At Closing?
A Hold Harmless Agreement – What Does it Mean? Typically a hold harmless agreement is between a buyer and seller. The intent is to pass on any liability associated with the property to the buyer. It is important to read the agreement thoroughly before signing it. You need to understand what you could be getting
How Many Earnest Money Deposits Did The Seller Collect?
Earnest Money Deposits – What You Need to Know A Student called me and said that he had advertised a property for sale that he just got under contract the previous day. I had worked with him for a while to get the seller to agree to a longer inspection period and a smaller deposit.
Quitclaim Deed – When and Why It Should Be a Warning Sign
Beware Of Sellers Offering Only A Quitclaim Deed I got a call from a Student asking me if I knew how to help a friend of hers. The friend had purchased a condo for $35,000 which was well below Fair Market Value (FMV) and seemed to be a good deal. The seller gave the buyer
What Is A Hedge Fund Haircut?
Hedge Funds and Real Estate Investing Hedge funds in real estate are not new to the investing game. They have been historically called Real Estate Investment Trusts (REITs). Hedge funds have been around for at least 40 years. Their success has ebbed and waned because they are susceptible to interest rate swings. As interest rates
You Made How Much on the Rehab?
Even Experienced Investors Must Ask – How Much Does Rehab Cost? I don’t relate these actual occurrences except to help readers understand how things can sometimes go horribly wrong in real estate investing. In this case a very experienced and successful Student purchased a property for $185,000. He decided not to wholesale it for a quick
Huge Price Drop in Miami Gardens Properties?
Future Trends – Re-Inspections and Increased Violations for Non Permitted Work About 12 years ago a commissioner in the city where I live was running for reelection. His primary platform was he wanted to have re-inspections mandatory for every property that was sold in our city. I mounted a strong campaign against his reelection and he