Posts Tagged ‘realestate’
2021 Home Buying
2020 was an interesting year for residential real estate. As we witnessed job loss and businesses shutting down due to COVID the demand for homes sky rocketed. Buyers were lined up to view homes, multiple offers was an everyday occurance and prices were bid up well over list price. 2021 will very likley be more…
Read MoreSave on Capital Gains Tax – 1031 Exchanges
1031 exchanges are a great option for investors to use when they don’t want the expense of Capital Gains tax on the sale of an investment property. Key points are: 1) The property/s you plan to buy with the proceeds from the sale of your investment must also be for investment purposes only 2) The…
Read MoreGetting Rich with Investing
Real Estate Investing Tip & Investing for Big Gains – Residential to Commercial One of my favorite types of investment finds for my clients is locating an older residential property in an area that has been surrounded by commercial properties. You buy it at a residential rate then re-zone into a commercial property. Of course…
Read MoreHow can I invest in real estate if I don’t have much money? – Part 3
Here is the real advantage of taking this path and implementing this type of strategy – it’s costs less money to get started. The down payment on an owner-occupied home will be between 3.5-5% not 20%. On a 250K home that’s an immediate min savings of $37,500 (not including closing costs). While you live in…
Read MoreHow can I invest in real estate if I don’t have much money? – Part 2
One idea for a less expensive way to get started in real estate investing is to buy a home in an area that has highly acclaimed schools and live in it. Don’t buy big, don’t buy fancy. Ideally, one story home, min 3 bedrooms (4 is best – who doesn’t need a home office these…
Read MoreHow can I invest in real estate if I don’t have much money? – Part 1
Buying a single family or multi-family investment property most times requires the buyer to have min 20% down payment plus closing costs which can be several thousands of dollars. In addition you’ll have your holding costs once you have bought the property while you or your broker markets for a tenant (mortgage/taxes/utilities/repairs). Finally once rented…
Read MoreForeclosures – Buy or Run Away?
Foreclosure or REO (Real Estate Owned) property is owned by the bank or lender of the property because the home owner defaulted on their loan. From the time a home owner goes into default and when that property is listed for sale to the general public could take many months or go quickly, much depends…
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