Conventional loans are often the most difficult for real estate investors to obtain. Some lenders do not allow income from investment properties to be counted toward total income, which can make balloon underwriting an issue for certain investors, especially those who already have several existing conventional real estate loans reporting on their credit. In these […]
I’ve been wondering, as I’m sure you have, how long it would take for the government to crack down on the mortgage brokers who are responsible for at least part of the collapse of the subprime mortgage industry. After following various newspaper accounts for this information, it’s finally happening, with more to come. The problem […]
A foreclosed home could offer a lot, so check out discounted foreclosed homes. According to the National Association of Realtors, there will be more than 1 million foreclosures in the next two years. Before you consider buying property in the foreclosure market, make sure you do your homework. Buying a home in foreclosure can be […]
With the advent of the internet comes the advent of great free advertising tools and Craigslist is one of them. For those who don’t know, Craigslist is a free online classifieds website used to buy and sell a variety of items. One area that has seen great success on Craigslist has been with real estate […]
Whether looking to insulate a new building or retrofit an old one, homeowners are finding spray polyurethane foam or SPF an increasingly viable option. Essentially a spray-applied plastic; it can form a continuous insulation as well as a complete air sealing barrier on walls, corners and all contoured surfaces. In this process, the unique liquid […]
I have noticed that there seems to be some confusion as to what constitutes reportable annual rental income that should be included in the Gross Rent box on forms 1099 and 1042-S. The purpose of this article is to help all property managers and owners have a clear understanding of the tax rules that apply […]
We purchased our first investment property in a foreclosure agreement. It was our first introduction to a motivated seller. The bank did not want to own residential real estate and was anxious to get rid of the property. We bought it below market value and its rental income and value have doubled in the last […]
The advancement of technology has made it quick and easy to set up business abroad. Whether business is run from a physical or virtual office, doing business internationally has become the norm. Doing business in a foreign country involves becoming familiar with the laws of the host country. The legal complexities of international trade can […]
Advantages and disadvantages of having a parakeet Before you decide that a parakeet (also known as budgerigar) will make the perfect pet, you need to do some homework. Talk to people who own one, visit pet stores, and go online to learn more about the pros and cons of owning these cute little birds. They […]
Both buyers and sellers meet at the closing table to finalize a real estate transaction. Until the closing is complete, no one is paid or the deed is not transferred. But at the last minute, at the closing table, what can be done if either party disagrees on the HUD-1 Declaration costs or what property […]