With all the bad financial news in the marketplace over the past year - stocks crashing, foreclusures hitting new record highs every month, financial hardships in every sector, it is sometimes easy to lose sight of the local picture because of all the noise about the national/international situation.
Real estate is still local however. While the [...]
One of the challenges of buying a home - either to live in or as a rental - is the hidden expense time bombs due to the aging of mechanical portions of a house.
While the structure of a house can generally last for decades and in some cases even centuries with nothing more than occasional [...]
Real estate is a classic case of supply and demand. When there is more demand than supply, there is upward price pressure. When there is more supply than demand, there is downward price pressure.
Aside from general population growth, what affects the supply/demand picture in a particular [...]
Many properties that you purchase have only one use. A single family house is a single family house is a single family house. At least most of the time.
For the purpose of this article, we will use a single family house as an example but it could really be any type of property.
For the most [...]
Sort of a strange title but one that most successful real estate investors live by.
So what does it mean?
It simply means that before any successful real estate investor makes a purchase, that person already knows the exit strategy for that particular investment. And by knowing the exit strategy, the investor knows how to structure [...]
With all the market toumoil, prices crashing, tight money supplies, is it a good time to invest?
Yes AND No.
Why both answers? It all depends on your expected outcome.
For instance, if you are investing in a declining market and expect to make your money from price appreciation, you are probably [...]
Whether you are just getting started or are an experienced real estate investor, there is great value in joining a real estate club in your city. If you are in a city with an active real estate club, you will find it an invaluable resource in [...]
Your FICO score - long a secret scoring formula concocted by Fair Issac - has become a bit more transparent in recent days.
Fair Isaac, at their website myfico.com, has recently added a discussion forum where they answer visitors questions about FICO and how it works. Just go there and click on forums and read to [...]
Chances are good that any time you get a group of people together you will find at least one person in the group who says it is his or her dream to own a nice country property. One with a lot of land, rolling hills, a nice stream running through it and the standard farmhouse [...]
If you are serious about your real estate investing career, you are going to be developing a list of useful people who can support you in your investment career - Realtors, attorneys, accountants, tradesmen, attorneys, lenders, etc. Chances are you will have more than one in many of these categories - especially the tradesmen category. [...]
