Realestate News » Should

Should I receive a refund?

Sun, 18 Apr 2010 05:18:31 +0000

I am a single stay at home mom my boyfriend supports us so neither me or my son get any returns. I receive $400 a month in child support and hold a NY state realestate license but have not earned any money should i receive a refund?

Should i buy a house on a short sale?

Tue, 23 Feb 2010 05:18:20 +0000

My next door neighbor passed away 1 year ago and the house has been for sale His brother was ther 2 days ago so i went over to talk to him. he said they where going to make next months payment then the estate is out of money. The house will go to forclosure i talked to the realestate agent he said he would talk to the bank $115,000 short sale. If the market goes just back to normal in 3 to 5 years the house should be worth $185,000 it was worth $250,000 4 years ago. I was not looking to buy another house but at $115,000 i can afford it and make it a rental. I think I just need a lawer on my end right? My head is spinning for 2 days now just to see if I could afford it even without a renter in the house and I can. should i get it under contract ASAP Any help would be nice Thanks

I’m 22 and have $150,000. What should i do with it?

Wed, 17 Feb 2010 05:28:13 +0000

I’m about to get my inheritance and I am almost clueless. I’ve looked into realestate, buying up rental properties and renting them. I’ve looked into stock and all that, confusing! I would love to invest it in a way that i could get money every month for rent. I will of course still work but I’m a student and a server so my income doesn’t amount to much. Suggestions?
I’m about to get my inheritance and I am almost clueless. I’ve looked into realestate, buying up rental properties and renting them out. I figure that makes a good monthly income. I’ve looked into stock and all that, confusing! I would love to invest it in a way that i could get money every month for rent. I will of course still work but I’m a student and a server so my income doesn’t amount to much. Suggestions? I’m not going to blow it, i already own my own car, and i don’t have school loans… i’m paying for school just fine.

Should churches lose their realestate tax exemption status? As it is unfair to a regular propety owner to?

Wed, 10 Feb 2010 05:20:33 +0000

pay when crooks like Joyce Meyer Ministries own million dollar properties who’s shadow’s are cast on the nearby poor! Some churches preach about the poor but also own rental properties which are slums and they are quick to evict the poor!

Should You Invest in a Foreclosed Home?

Thu, 21 Jan 2010 14:23:05 +0000

There is no doubt that homes in foreclosure offer some of the best opportunities to purchase real estate significantly under value. But as with all things, there are upsides and downsides to purchasing property that has foreclosed or is in the foreclosure process.

Before you decide to invest in a foreclosed home, you should familiarize yourself with both the advantages and disadvantages of this type of property investment. Knowing what youre getting into ahead of time may just save you a lot of hassles and headaches down the road.

There are three foreclosure phases where it is possible to purchase a financially distressed property. These phases include the pre-foreclosure phase, the auction phase, and the REO (real estate owned) phase. Following you will find a description of the three phases along with the pros and cons for each.

The Pre-foreclosure Phase

This is the phase where the owner of the real estate still has control. He has defaulted on his loan and is facing pressure from his lender to pay up or face the consequences. He is desperate to sell the property and clear his credit; this could add up to big savings for you.

Pros

Discounts from 20 to 35 percent

Low down payment

Opportunity to inspect and research property

Flexible sales agreements

Cons

Absent or unreachable property owner

Tough competition

A great deal of courthouse research

There may be liens on the property

The Auction Phase

This is where the most money can be made buying foreclosed homes. At auction, the foreclosed property is sold to the highest bidder. If you do your homework before hand, you could realistically buy a property for a fraction of its value.

Pros

Discounts from 34 to 45 percent

Excellent return on investment

Highest profit potential

Cons

Not able to inspect property

Auctions can be postponed

Need large cash down payment at auction

Improper research can lead to disaster

Could invest a lot of time and still not win the property

The REO Phase

The REO phase occurs when the lender seizes control of the property in order to resell it and cut its losses. Since the property has no value to the lender unless it sells, the lender is often extremely motivated to make a quick sale.

Pros

Discounts from 5 to 15 percent

Title free from liens

Tax arrearages paid

Lender may do repairs or offer discount for repairs

Cons

Low return on investment

Remember; when you invest in real estate, there is a certain amount of risk that you must take in order to make a profit. This means that the properties that offer the most potential returns are the most risky. Be sure to calculate how much risk you can afford to take before investing in foreclosed homes.

James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing