The following are some essential clauses and modifications I use when selling a property: Limited Inspection Clause. Most standard broker contract give the buyer the right to make the contract contingent upon your right to do a thorough inspection before a certain date. Make certain that the inspection period is short and that the inspection must […]
The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. This article will dispel any misunderstandings you may have about the due-on-sale and suggest a simple, yet effective strategy to get around it The “due-on-sale” clause is probably the most talked about, feared and misunderstood topic in real estate. […]
Subordination and substitution of collateral are two fancy real estate techniques that can be used to raise huge sums of cash from real estate. In order to understand subordination and substitution, you must first understand the basics of mortgages. A mortgage (also called a “deed of trust” in some states) is a lien placed on […]
The following is a strategy that can be combined to make a bundle of money with owner-carry mortgages and land contracts. You are probably familiar with the basic strategy of buying homes with FHA or VA assumable mortgages, then selling the home for a few thousand bucks. The new buyer assumes the loan and you […]
(ARA) – Choosing the right roofing material for your home can be a mystery for many homeowners. With the number of options available, it has become increasingly difficult to choose. Over the last few years, residential metal roofing has grown significantly in popularity as many homeowners have learned of its durability, while others have focused […]
The roof is part of the exterior but requires more individual attention. It is designed to protect all the components of the dwelling. There are many roof styles and finished materials. Each style and material is inspected carefully for, wear, leaks, defects and other deficiencies. Roofing problems that go undetected can cause serious harm to […]
The headline is absolutely true! I made $20,000 cash in 6 months on one real estate deal with $100 down, no risk, no bank qualifying, no brokers, no risk and no liability. I have done (and I continue to do) many deals just like this one and so you can you! We’ve all seen those […]
The lease/option can be an excellent tool for profiting on rehab properties. Many “junker” properties can be bought cheap, but this requires cash. Furthermore, you need cash to fix up the property. You also have to pay monthly interest payments while waiting for your subcontractors to finish the job and for the new buyer to […]
No that isn’t a misprint. In today’s market, you can do better financially by renting rather than buying your next home. Using an old, yet little-known technique, you can own your dream home for less money, less down and lower monthly payment. Let’s say you are in the market for a $250,000 house. For a […]
The real estate contract is the most often used, yet little understood tool in the real estate business. Whether you are a rank beginner or seasoned expert, there is no excuse for not knowing and understanding the real estate contract. Real estate contracts are based on common law contract principles, so it is important that […]
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