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Archive for the "for sale by owner" Category

Senate Passes Homebuyer Tax Credit Extension

The Senate has passed a bill to give homebuyers another three months to close on their homes and receive tax credits up to $8,000. The Tax Extenders Bill would apply to homebuyers who met the April 30, 2010 deadline with a signed contract to purchase a new or existing primary residence. The amendment would extend the deadline to September 30, 2010 for homebuyers to close on their real estate trans... Read more

ABC News thinks Real Estate Investors Vultures or Not?

One of my most admired Real Estate Investor associates, Bruce Norris, was interviewed by ABC News.  ABC could not believe that we Real Estate Investors who go out and buy abandoned, ugly houses, fix them up and rehab properties and then rent them for long term wealth. Hummm....sounds pretty natural to me, I've been doing this for over twelve years :).  A great interview to watch and I'm giving y... Read more

Investors Fight Foreclosure On Their Own

I read a recent post by Kathleen Doler on Investor's Business Daily about investors struggling to make mortgage payments and whether they should get foreclosure writedowns.  I think the same rules should apply to both investors and primary home owners. What do you think? While strapped primary-home borrowers receive more — including unsolicited loan-modification offers, lenders ... Read more

Don’t Sell Your House Ever

by Ada Denis Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following: 1. Second stream of income: When you move to another place and keep your current house as a rental, this gives you an extra stream of income. 2. Pay less tax: Your rental property produces business income. When you have a business, you are entitle... Read more

When working with a realtor how do for sale by owner houses work?

I have been working with a realtor and seeing houses. With him I found a neighborhood that I really like. We decided to just wait until something in that neighborhood goes on the market. I have now found two in that neighborhood, but they both for sale by owner. How do I handle this? Should I do it on my own or stick with the realtor? I'm a first time homebuyer and would like to have som... Read more