A probate sale in real estate occurs when a homeowner has died without a will and the property is being sold in order to liquidate the asset. A probate sale can also involve a homeowner dying that owes significant debts. Any properties that the person owned are sold to pay off their creditors if the …
The FHA 90 day flip rule is a policy that requires you as a property buyer to wait at least 90 days from the last approved deed before you can get an FHA loan. The policy is reviewed by an FHA approved appraiser and only applies to FHA loans. So if you are not using …
Ownership interest in a property defines your rights as an owner of a property or that you have a claim to the property. Ownership is the highest form of interest and typically gives you the full rights as an owner to do what you please with the property, within the limits of the law. You …
Pre-foreclosure means that your lender has issued a notice of default (a public notice filed with a court) and that they are beginning the process of foreclosure. Fortunately, pre-foreclosure does not mean that your house will be foreclosed upon and there are many ways to get out of pre-foreclosure. While pre-foreclosure may seem like a …
What Does Pre-Foreclosure Mean? And How to Avoid It. Read More »
Unimproved land (sometimes known as vacant lots or more commonly raw land) is land that does not have any active services or public utilities running through it like water lines, electricity or even street access from the public roadways. Improved land is different from unimproved land in that it will have at least a few …
As you journey into the world of real estate, you’re likely to come across bird dogs. Of course, there’s a wide variety of different practices attached to some creative names to describe them, but bird dog may be the most peculiar of them all. What might come as a surprise is the fact that it’s …
Whether you’re a homeowner or an agent looking for how to classify a basement, or you’re a landlord renting out a room in your home, you need to familiarize yourself with the codes surrounding basements. A strategic approach to a makeover can help to add value to the house. Not only that, you may even …
If you’re ready to find a new path towards wealth and an early retirement, then real estate investing might be for you. But how do you get started? And what if you don’t have a million dollars in the bank? Do you need to have good credit? These are common questions and fears that stop …
13 Strategies to Get Started in Real Estate Investing Read More »
Finally, you found the property you’ve been looking for and the owner is ready to sell, but you don’t have the cash on hand to buy it. That is when you probably came across both hard money lenders and private money lenders. Both can fund your investment property but each serves a different purpose and …
Hard Money vs. Private Money Lenders – What’s the Difference? Read More »
Are you ready to make some money in real estate without having to flip a house or be a landlord? Then learning how to wholesale real estate properties may be for you. It’s a tactic many investors take advantage of, and for a good reason. Wholesaling real estate is an excellent way to make money …
How to Wholesale Real Estate from Start to Finish Read More »
