How to buy Your First or Next Rental Property With Little Money Down

Real estate is one of the best ways for the everyday person to make it big but it is not easy to get started! It takes money, perseverance, and guts to buy real estate and use it for an investment. A lot of people want to become investors but never pull the trigger. While real ... Read more

from RSSMix.com Mix ID 8230700 https://ift.tt/3lFBlC6
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Minnesota Seller Disclosure: “Are You in Possession of the Prior Seller’s Disclosure Statement?”

Image
Meticulous Record Keeping = Meticulous Maintenance? “Are you in possession of prior seller’s disclosure statement(s)? (If “Yes, please attach).” –Minnesota Seller Disclosure; p. 1, line 44. [ Editor’s Note :  The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced.  If you need legal advice, please consult an attorney.] As a Buyer’s agent, I always like to see the previous Seller’s Disclosure — that is, the Disclosure that the current Seller received from the previous owner, when they were the Buyer (got all that??). There are two reasons that that’s helpful: One . It provides a more complete picture of the home’s condition, especially if the current owner has been in the house a relatively short time (less than 3-4 years). When that’s the case, it’s possible that the current owner has never had a problem with such Minnesota bugaboos as a wet basement or ice dams — but th...
Read more

“Meticulously Maintained,” Deciphered

Image
Not new — but “meticulously maintained.” Real Estate Synonyms — and Antonyms True or false: “Meticulously maintained” means the same thing as “updated.” Give up? The correct answer is “False.” In fact, “meticulously maintained” is almost always Realtor code for not updated. Ditto for synonyms such as “well-loved,” “quaint,” “vintage,” “long-time owner,” etc. (all very nice things, by the way — just not the same as “updated”). See also , “ Real Estate Marketing 101: When to Acknowledge a Home Needs Updating — & When Not To “; “ Real Estate Euphemisms “; and “ Real Estate Clichés and How to Avoid Them .” from RSSMix.com Mix ID 8230700 https://ift.tt/2I20bKN via IFTTT
Read more

Inspecting Condo’s

Image
Life is Inspections are like a box of chocolates. You never know what you’re gonna get.” –Forest Gump (paraphrased). [ Note to Readers : The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] Why should a Buyer waste $300 or $400 inspecting a condo that doesn’t have a foundation, roof, or other structural elements? Why not just apply roughly the same amount towards a home warranty, that will protect the Buyer in the event that something breaks? Two reasons: 1) home warranties exclude preexisting conditions; and 2) to mangle  paraphrase Forest Gump, you never know what an inspection is going to turn up, even in a condo that is updated and appears to be in pristine condition. Limits of Seller Disclosure So, I’ve seen condo inspections uncover stealth issues relating to windows, plumbing, or other condo features that no one suspec...
Read more