Category: Uncategorized
The Right Stuff: Which Defects Offer the Most Opportunity for Profit?
Successful flipping isn’t just a matter of finding a house and fixing stuff that’s wrong with it. Successful flipping means finding a house with the right stuff wrong with it! One of the problems with the flipping approach to properties is that the repairs and upgrades that tend to add the most value are typically…
Tax and Credit Implications of the Short Sale
Is this really the ultra-savvy financial move it is made out to be, or are real estate agents and foreclosure rescue firms glossing over the ugly tax and credit implications of a short sale? Why Care About My Credit if I Already Have Late Payments? If you have already taken some hits to your credit…
Real Estate Pro of the Week: Robert Russell of Dallas, Texas
You will be corrected if you mispronounce Monroe, birthplace of Robert Russell, this week’s Real Estate Pro of the Week. This genial Louisiana native and Texas transplant will give you plenty of opportunities to get it right though. Robert came to the world of real estate after a successful stint in the insurance business. “I…
Understanding the HUD/FHA Short Sale Process
Distressed homeowners who have exhausted most other methods to avoid foreclosure on their homes typically decide to perform a short sale. If you have an FHA-backed loan, you’ll be happy to learn that the United States Department of Housing and Urban Development (HUD) offers a program, known as the Pre-Foreclosure Sales Program, which allows the…
How to Buy a Short Sale Home
What ever happened to the days when a homeowner who just wanted to sell his home found a willing buyer and, after several negotiations, the home sold? The economy, silly. The real estate market’s tumble into the ashes flooded the market with “distressed properties” – a sweet euphemism for homes that the owners could no…
A Short Sale Real Estate Primer
Back in real estate’s dinosaur days, the short sale specialist was a rarity. I worked with a total of one of these specialists in the entire decade and a half that I sold real estate. I, like many of his other colleagues, didn’t quite understand his specialty – how the process worked. Lucky for the…
Caution: Foreclosure Scams May be Hard to Spot
Like vultures to carrion, scam artists choose people at their weakest point in life to swoop in and try to make the kill. Over the past five years, these fraudsters have turned their attention to distressed homeowners and have come up with a number of ways to separate them from their houses, all under the…
Declutter and Get Organized
The hardest part of getting organized is getting started. However, the truth is, everyone can be clutter free; it just takes a little motivation and dedication. Schedule Declutter Sessions The first step of taking down the great wall of clutter is dealing with one pebble at a time. It’s natural to get in the zone…
Scoring the Best Loans for New Home Construction
It’s an incredible time to get a sweet deal on a brand new house, but are there any good loans for new home construction left, and where will you find the best options? Types of Loans for New Home Construction Building a dream home on a dream lot overlooking the ocean or with a spectacular…