More Advice for New Real Estate Investors

What advice would you give to a new investor?

1. Find a coach / mentor in your area to whom you can turn for guidance. Most importantly with anyone you turn to, make sure they are successfully doing what you want to do and talk with others they've helped before you make a commitment of your time and / or money.

Real estate investing is not a solo business. You need attorneys, CPAs (knowledgeable in real estate investing), contractors, sub-contractors, real estate agents, title companies, closing attorneys, inspectors, appraisers, on and on. Find someone who's walked through the mine field before you and can give you a hand to save you both time and money.

Should you pay them for their time? Absolutely. If they're willing to share with you what they've learned over years of their own time and efforts, they've paid for their skills one way or another … Read More

Raising A Beagle In An Apartment

Have you brought a Beagle to your apartment? Read on for the best way to facilitate the adjustment period as well as the essential training that you need to provide your Beagle with.

If you thought raising a Beagle in an apartment was boring and methodical, think again. It does take some time for both the dog and its owner to get used to each other. Once an understanding is reached, the Beagle becomes part of the household. It understands how to adjust with other members, follow instructions, and demonstrate unusual skills.

Can A Beagle Really Adjust?

A Beagle is a hound though smaller in size. You will be expecting too much, if you think the dog will remain calm and quiet in an apartment without enough exercise. Simply put, the more you take the dog out the happier it stays, leading to a calm demeanor. Many people have the … Read More

Why Road Frontage on Commercial Property is So Valuable

How many feet of road frontage does the property have?

This question is among the most important when assessing the value of commercially zoned property in a city or county. For some, the reason as to why this question is so important may seem rather obvious. However, there are multiple reasons why investors, developers, builders and business owners want to have large amounts of road frontage on their commercial properties.

For business owners, it is best for them to have their stores located conveniently to their customers. If they are on a main highway or road, they will have great visibility to the traffic going by. This can quite possibly bring customers into their stores that they normally wouldn’t see through their normal marketing. Also, a customer new to the location can find the store much more easily when in the line of sight. Visibility on major road frontage is … Read More

Property Managers Owe Fiduciary Duties to Their Clients at Minimum

“Fiduciary” is basically defined by Black’s Law Dictionary as a term derived from Roman law which means, as a noun, a person or legal entity, holding the character of a trustee, with respect to the trust and confidence involved as scrupulous good-faith and candor towards another’s affairs. A fiduciary also has duties which are described as involving good-faith, trust, special confidence, and candor toward another’s interests. Typical fiduciary duties are imposed on and include such relationships as executor, administrator, trustee, real estate agents, attorneys, and, of course, property managers. A person or company who manages money or property, i.e., the manager, for other people must exercise a standard of care in that the interests of the money or property owners are placed above and beyond those of the property manager. In some states, like California for example, a property manager is statutorily defined as an individual or entity which has … Read More

Real Estate Disclosure Laws

These laws legally force the seller of a home to disclose to the potential buyer any serious defects of the property. The laws were created to help protect the buyer from any defects that were not noticed until they closed on the house and become the owners. Many times it is hard to enforce real estate disclose laws because what is considered serious defects may be open to interpretation. Because of this, the laws are constantly changing resulting in many states not having effective disclosure laws. If the state does not have mandatory real estate disclosure laws, they will usually have a voluntary disclosure.

These laws can cover many different subjects so you should consult with a qualified lawyer or real estate agent to find out the specifics of what they cover. In regards to real estate disclosure there are both state and federal laws regarding these laws. Some brokerages … Read More

Proof of Funds for Commercial Real Estate Investors

Creative Financing

When a Commercial Real Estate Investor is looking to purchase income producing property utilizing any number of creative financing methods, one of the most important keys to their success is that their ability to provide adequate, verifiable proof of funds – P.O.F.- to both the seller and the lender. The verification of funds can enhance the investors credibility with the seller as well as satisfy the lenders requirement to know that the borrower has necessary funds to complete their transaction.

Proof of Funds

There are a few ways acceptable to lenders and sellers to show P.O.F. to close your Commercial Real Estate transaction:

  • Bank Statements or Bank Verification
  • Brokerage Account Statements or Verification
  • Escrow Account Verification

“Bank Verification” This is the most acceptable and widely used method to confirm the investors can complete the proposed deal. As such money must be put into a bank account and confirmed … Read More

Step-by-Step Guide to Buying a Home or Property

 

Buying a house can be a basic necessity for all of us around the world. All of us want to own a home, and when we finally save up money to buy one, we get hesitant at various stages and think of multiple things. There are a lot of worries and concerns in our minds because we are going to invest so much money in purchasing a new home. Word of mouth is the most credible thing to hear, and if you check out online reviewsyou can get a lot of tips on how to buy a perfect home for you. In this guide, we will tell you the step by step detail on how to buy the ideal house or property for you.

Step 1: Start your research

Start your research a lot earlier than the actual time of your purchase. Look for real estate advertisements … Read More

HOW TO GET AN APARTMENT WITH BAD CREDIT

Getting your dream apartment is always very difficult for people with a bad credit score. Nowadays, landlords don’t rush into giving a tenant their apartment; they consider the tenant’s credit score, prior evictions, and a credit judgment to know if a renter is reliable. Without taking so much of our time, there are steps to make, and those steps are not steps you can make by yourself. You need an agent to help you out like lemonade. We will advise that you read about lemonade as this short piece will also explain in detail how you can go about redeeming your bad credit to get an apartment.

 

Check your credit report: in other to check a credit report; you will consult the following three major credit bureaus, TransUnion, Experian, and Equifax. However, you may have to get your annual credit report from all the three bureaus as you don’t know Read More

Why Photographers Communities Are So Helpful

Learning another fine art is something that individuals do every single day everywhere throughout the globe, anyway a few people think that its hard when attempting to find out about the most ideal approach to enter another leisure activity as they don’t have a clue about the correct gear to utilize or the right requests where to get things done in. One work of art individuals are grabbing every single day is the craft of photography. The explanation such vast numbers of individuals understand this fine art consistently is because it offers such magnificence, reality, and feeling. It’s moderately simple to begin with. Numerous picture takers will reveal to you that purchasing a camera or the most recent Nikon doesn’t make you a picture taker it makes you a Nikon camera proprietor which is so valid, it’s the way you utilize that camera and what you figure out how to Read More

Guide to the Differences between a Home Mortgage and Promissory Note

If you have bought a house before, you no doubt have heard about mortgage. Mortgage refers to a loan that is taken out with the bank to purchase a house. Usually, you need to put a collateral to borrow a home mortgage. If you take out a mortgage, you will have to sign an agreement where you agree to pay back a certain amount every month until the end of the term to the bank.

Promissory note, on the other hand, is an agreement prepare by the borrower to the lender, which states he promises to pay back the sum that is borrowed. The note contains information about the interest of the sum borrowed, the repayment mode and the length of time you will take to repay the loan. There may be other clauses, for example, interest that is owed on a late payment.

A Note is a Private Contract

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