July, 2011

The 3 Biggest Decisions We Make

If the biggest decision you have ever made so far is to escape from your parents’ house to practice your independence or just stay under their roofs and care, then you must have been flipping through life rather slow. Every single day, we face different situations, whether big or small, trivial or important, and the only reasonable thing to do is to decide among many or few options ahead of (more…)

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Preliminary Market Research

Deciding where one will farm his market can be approached in a myriad of ways. Presumably, where one lives in the United States usually sets the cornerstone, and the rest follows. For example, someone living in Florida may prefer to concentrate their efforts in the Southeast region of the United States, as opposed to someone in the Northwest who may find the Portland or Seattle markets more (more…)

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What Do Spouses Choose To Do With Their House After Divorce?

Figuring out what to do with the real estate in divorce can evolve into a source of big disagreement between the splitting parties. It might seem that the easiest way to take care of the situation is to sell the home so that the spouses can split their equity (if any), and simply walk away. But, this is not necessarily the most feasible option for the house after divorce.

There (more…)

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How The Federal Debt Will Affect Mortgages And Real Estate

There is a new threat to the mortgage market, which is the federal debt debacle playing out in Congress. It all boils down to this.

If the Congress cannot authorize the rise in the country’s debt ceiling then the United States of America will have to default on some of its payments. The whole economy would be adversely affected and that includes the housing market. That’s because (more…)

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Credit Report Analysis

In one word, the most import element in residential real estate investing is FICO. Without a sufficient FICO score, one’s grandiose thoughts of becoming a real estate investor should be put on hold, but only temporarily, at least until your credit enables you to qualify for 90 percent to 100 percent LTV non-owner occupied loans.

On average, most lenders, prime or subprime, look for (more…)

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10 Reasons to Live and Work in Calgary, AB Canada

People will move to a city for any number of reasons but increasingly, people are choosing lifestyle as their number one reason for living in or moving to a city or town. In Western Canada, Vancouver has traditionally been the choice for people who enjoy a lifestyle of outdoor living in a mild climate. Calgary, however, is a great city for those who love the outdoors and a mild climate but (more…)

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Tips on Flips (7 Things You Must Know)

1. Look for high appreciation markets. Your market data research will make this very evident. The highest “Top 10” or “Top 25” appreciating markets in the country will on average change every four to five months.

2. Pick the early build-out phases of a development. For example, try to buy in phase 1, phase 2, or phase 3 versus the later phases.

The earlier phases, for (more…)

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The Benefits of Buying New Tract Homes Vs Pre-Owned Homes

Unfortunately, one of the inherent problems of buying pre-owned homes is not knowing exactly what you’re buying. No matter how good the inspector was that you hired to inspect the home before you bought it as an investment, the chances of a costly defect is always an ominous occurrence waiting to happen.

However, when completing the purchase of a new tract home, even though the home (more…)

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What Is New Tract House Flipping?

Real estate investing by its very nature is rampant with peril. As a child I experienced this firsthand with the occupation of my father, who, as a young man at the age of twenty-six, got his brokerage license in California and started selling homes. Eventually, and successfully, he sold industrial and storefront retail properties in South Central Los Angeles. As a child, I remember helping (more…)

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The (Art of the) Flip

To flip or not to flip, that is the eternal question. There are some real estate critics, and depending on what the media reports, one might think that flipping was some sacrilegious act that preys upon innocent builder/developers and destroys entire master planned communities in its wake. Some people even think of the “flip” as a four-letter word. The reality of it is that flipping can be (more…)

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