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Casual Articles - Three Pitfalls to Avoid When Looking for a Property to Buy and Flip and Re-sell
Credit cards are of the top reasons for credit problems and debt. Credit cards can be easy to abuse and the debt form credit cards can easily get out of hand due t the high interest rates and fees associated with them. That is why credit card consolidation is a handy thing to understand.There are two main ways to handle credit card consolidation. You can either find one card to transfer all debt to, thereby
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than th
Do you think of your business as a brand? Because it is one, whether you view it that way or not. Even if it's just you, a solo-professional, working out of your home. Even if yours is a small local business marketing to customers in your own hometown.It's still a brand.The question is, is it a strong brand?Does it stand for something?Does it have an image?Does it create a p
Pitfall #1- The surrounding neighbourhood
Ever wandered into a neighbourhood and wondered why property prices there were always lower than the rest of the district? One of the key things therefore is to take some time to walk around the neighbourhood in which your potential real estate investment is situated and then observe. Things to look out for include drug haunts, many broken down houses which are a good hangout for organised crime. Vandalism on walls that is not painted over represents a bad sign as it could indicate that the area is potentially crime ridden. Thus you want to avoid a bad neighbourhood as buying a property there and fixing it up would not get you a much higher price on the property.
Pitfall #2- The physical state of the property
Some times, even when the property is found in a good neighbourhood, there has to be a reason why the property price is at a bargain. If you are new to property inspection, bring a contractor, a structural engineer or architect along to inspect the property and tell you whether there are any hidden faults. In addition, bring along a prospective real estate agent that will do the rentals listings for you or resell the property for you to provide you with an independent assessment of the property. This incidentally is in line with Napoleon Hill’s Mastermind principle which states that to be successful, surround yourself with smarter people than yourself so that you can boost your own success.
Incidentally if you are interested in foreclosures and auction property, always make it a point to spend some time to examine your real estate investment property before attending an auction since you want to ensure that you are bidding on a piece of property that is not termite ridden.
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than th
While some car buyers choose to obtain vehicle financing through the dealership, many savvy buyers are taking advantage of online auto loan companies. Online auto loan brokers and lenders are attractive because they offer instant car loan approvals. Moreover, these lenders tend to offer a better financing package. The next time you purchase a car, considering completing an online application. They make the car buyi
Pitfall #2- The physical state of the property
Some times, even when the property is found in a good neighbourhood, there has to be a reason why the property price is at a bargain. If you are new to property inspection, bring a contractor, a structural engineer or architect along to inspect the property and tell you whether there are any hidden faults. In addition, bring along a prospective real estate agent that will do the rentals listings for you or resell the property for you to provide you with an independent assessment of the property. This incidentally is in line with Napoleon Hill’s Mastermind principle which states that to be successful, surround yourself with smarter people than yourself so that you can boost your own success.
Incidentally if you are interested in foreclosures and auction property, always make it a point to spend some time to examine your real estate investment property before attending an auction since you want to ensure that you are bidding on a piece of property that is not termite ridden.
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than th
Why use a Real Estate Agent to Sell your House?A house is generally the largest investment that an individual makes in their lifetime. When it comes time for you to sell your home the bottom line is "Am I getting the best price for my house?"In an effort to save money and maximize return, many people decide to go with "For Sale By Owner" (FSBO). It seems easy enough until you begin to look at t
Pitfall #2- The physical state of the property
Some times, even when the property is found in a good neighbourhood, there has to be a reason why the property price is at a bargain. If you are new to property inspection, bring a contractor, a structural engineer or architect along to inspect the property and tell you whether there are any hidden faults. In addition, bring along a prospective real estate agent that will do the rentals listings for you or resell the property for you to provide you with an independent assessment of the property. This incidentally is in line with Napoleon Hill’s Mastermind principle which states that to be successful, surround yourself with smarter people than yourself so that you can boost your own success.
Incidentally if you are interested in foreclosures and auction property, always make it a point to spend some time to examine your real estate investment property before attending an auction since you want to ensure that you are bidding on a piece of property that is not termite ridden.
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than th
Are you feeling puzzled managing multiple debts against your name? Are you having nightmares about lenders standing at your door pestering you for repayment of their money?If the answer to the above questions is 'yes', then it is definitely high time you start considering rearrangement of your finances.Debt consolidation loans provide an effective means to repay all your pending multiple debts through
Incidentally if you are interested in foreclosures and auction property, always make it a point to spend some time to examine your real estate investment property before attending an auction since you want to ensure that you are bidding on a piece of property that is not termite ridden.
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than th
When most people think of media relations, they think of press releases. To be sure, writing and distributing them is one of the most important parts of the job. But press releases may be the most overused tool in the media professional’s arsenal to the detriment of other tools that might have greater results.When I worked in broadcast news for ABC News and CNN, the fax machines virtually never stopped. We g
Pitfall #3- Legal Title
Sometimes the legal title of the property may be more than meets the eye and this is why the price of the property is below the market. There could be for instance two lenders with mortgages on the property and as such your legal liability could be way more than the cost of one mortgage. Make your purchase contract, conditional upon due diligence by your attorney.
For the same matter, not all foreclosure and auction sales are a bargain, spend some time looking around the neighbourhood and look out for things that may affect the legal title of your property like unpaid property tax liens on the property, rezoning or some new development down the block that may affect your legal title. One thing that sometimes people overlook is the concept of access to land in the form of easements and tenements so remember to ask your attorney about this especially if the property that you are looking at is landlocked.
In conclusion, when looking for your next bargain buy and re-selling bargain property investment, spend some time thinking about these three important considerations. Take massive action today and reach your real estate investment goals.
By Joel Teo 2006 All Rights Reserved
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