Monthly Archives: February 2011

Types of Investment Property

Published February 22, 2011 | By admin

Since real estate investing encompasses so many types of investment properties, its essential to classify them and pick the one which they are most passionate about. This would greatly enhance the probability of being successful in real estate investing.

The following are the main types of real estate investment properties that are suitable for beginner investors:

 

  • Preconstruction Investment Property: These types of investment properties are acquired directly from a developer before the construction or renovation is completed. In return for commitment to buy even before the construction is completed the developer will give you a price discount and/or other financial incentives.

 

  • Fixer Upper Investment Property: These types of investment properties are the ones which are in ugly condition and need renovation. These properties are acquired by real estate investors to flip them after fixing-up. In majority of the cases these properties are in foreclosure, or are bank owned properties (called REO which stands for Real Estate Owned). Some beginner investors also wholesale distressed properties to other investors without fixing them up. Real Estate Investors who wholesale make a smaller profit but are able to exit the deal fast and with low risk.

 

  • Foreclosure Investment Property: These types of investment properties are the ones which you buy from sellers who are behind in their payments and may lose their property to the bank via foreclosure. Continue reading →
Posted in Investment Property | Tagged , , , | Leave a comment

Home Buying Process – 5 Most Common Questions Among Home Buyers

Published February 8, 2011 | By admin

Since launching the Home Buying Institute website back in 2005, I’ve received quite a few home-buying questions by email. As you might imagine, many of these questions came from first-time home buyers who are new to the process of buying a home.

I thought it would be beneficial to home buyers everywhere if I selected five of the most common home-buying questions I receive, and explored them in an article such as this. I’ve also listed the corresponding areas of HomeBuyingInstitute.com that cover these topics in more detail.

So here we go with five common questions when buying a home:

1. How do I find out my price range?

Determining a price range should be one of your first steps when buying a home. When you know how much you can comfortably afford each month, you’ll save time during the house hunting process by only visiting properties within your price range.

To determine your price range, sit down and compare your monthly income to your monthly expenses (savings, credit card payments, car payment, quality of life, etc.). How much is left? Your monthly mortgage should be less than this amount. Now you can use an online mortgage calculator to break each sale price down to a monthly amount, and determine if that amount is inside or outside your comfort zone. Continue reading →

Posted in Home Buying / Selling | Tagged , , , , , , | Leave a comment

Link1 | Link2 | Link3

Copyright © 2013. All Rights Reserved.

Design by.