September 29, 2008 by admin
I'm new at this...but it just seems so impossible to make any money in real estate. You have to pay for loan of the down payment, the property tax, insurance and mortgage......renting it out is not enough to cover the entire cost of all these components. The only way I can see making money is by it appreciating in value over time. Will the rent ever exceed these other costs...is it worth hold...
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Posted in Flips | 6 Comments
September 29, 2008 by admin
I have a few rental properties that I purchased a few years ago, but I'd like to take a step up in investing. I have my Real Estates License, and have been a Loan Officer for close to five years now. With the market as bad as it is, I'd like to use this time to pursue other ventures. My goal is to become a full time Real Estate Investor. Does anyone have any suggestions on the best place ...
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Posted in real estate club news | 4 Comments
September 29, 2008 by admin
Please try to explain this like you would to a high school student.
What are tax sale properties?
What are the advantages/disadvantages?
What are the risks? How do you reduce them?
What are the steps in detail on how to approach this?
OK, if people don't pay their property taxes, then it reverts to the city. About twice a year the assessor's office publishes the delinquent taxes ...
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Posted in properties for sale | 2 Comments
September 29, 2008 by admin
I bought my home for $245,000 and put about $15,000 into it...
If I could sell right now for $255,000-$260,000, and just lose money in interest and closing costs, would it worth it for me since I could talk a builder / seller down pretty good right now on another house....
Since it is a buyer's market, I lose money selling but make it up where I buy? What's the downside to this? Plus be...
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Posted in sell home now | 6 Comments
September 29, 2008 by admin
Hello...I was wondering if anyone knew once all is said and done on average how much the lawyer fees usually are for a $200,000 home if you sell it for sale by owner? I understand there will be costs for our advertising, and we did buy our home going through for sale by owner but we don't recall what the costs were to the seller? Thanks for your time and any info is appreciated. If it makes a ...
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Posted in for sale by owner | 5 Comments
