1. Get pre-approved for a loan. Most sellers require a pre-approval letter along with their written offer. You should have it ready so that when you find the right home there will be no delay in submitting your offer. There is a lot of confusion about pre-approved vs. Pre-qualified… even real estate agents sometimes use the terms interchangeably! But pre-approval […]
You’ve probably heard the words “fix and flip” a dozen times in the last few months. From the next door neighbor and the mailman to the guy at the grocery store, everyone seems to be talking about fixing up and selling property for a profit. In recent years, fix and flip projects have taken the country by storm and their […]
The following is a brief explanation of what is involved in purchasing “off-plan” land and some of the things to keep in mind, as it is very different from buying an established home. What does “out of plan” mean? Purchasing “off-plan” land means you are buying a lot that is part of a larger piece of land for which the […]
You have located a property that is the proverbial “diamond in the rough”. The purchase price is incredibly reasonable and with the right updates and improvements, the property could sell for a substantial profit. This all sounds great, but suddenly you realize: how can I afford to buy the property and fix it up? Enter a hard money loan. This […]
Security is often raised as an issue in FSBO (For Sale By Owner) real estate sales. Some real estate agents try to scare homeowners into listing with them by claiming that it is not safe. Some owners are unsure how to safely display their property. By taking some sensible precautions, there is no reason why selling your FSBO home should […]
Hedge funds are an alternative investment method. It is a form of investment in which funds are pooled and invested using different investment strategies to generate profits in a financial partnership between the fund manager and investors. The fund manager is known as the general partner and the investors are known as limited partners. The role of the limited partners […]
Over the years, I’ve seen this situation all too often: a homeowner trying to sell their house and trying to get the most out of the deal. But, during the sales process, he or she receives “nickel and tithes” until death for repairs or other things the buyer wants. In many parts of the country, a home must pass a […]
The real estate market is the economic sector that involves the purchase and sale of infrastructure such as buildings for residential use, commercial premises and the industrial segment. Like any business sector, it is susceptible to the economic forces of supply and demand. The main people involved in this field include the owner, the tenant, the developers, the renovators and […]
My wife and I leapt into a more rewarding future in 2002 when we bought my first home to fix up, repair, and rent. What motivated us to start repair houses was the aftermath of the 9/11 attacks. Funds for environmental projects, like the ones I worked on, were being redirected to military activities, and the future of my job […]
Any trip to Belize initiates fantasies of owning a beach villa or jungle resort. There are many Americans in this former English-speaking English colony. Belize is known for its reef, the second largest in the world, and the fantastic diving that comes with it. Even beginning divers have heard of the Blue Hole, a famous diving spot. Ambergris Caye, “La […]
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