Real Estate

What is a lien and foreclosure?

A link is a notice attached to your property that puts everyone on constructive notice that a creditor has a claim. Generally, a lien is filed and recorded in the public records of the county (for real property) or with the secretary of state (for personal property). Why does a link help a creditor? Well ... to sell or refinance

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Real Estate

First home loan

Today's first-time home buyers are inundated with a wealth of information on how to get their first home loan. It's obvious and simple what first time home buyers want when looking for a loan. They want clear information, they want to be educated on the steps required to get a loan, and most importantly, they want someone they can trust

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Real Estate

Mobile homes: boxes that spit out cash

Whether you call them trailers, mobile homes, or more accurately, manufactured homes, they are worth incorporating into your real estate investment plan. Manufactured homes are the most affordable type of housing available and there is a huge demand for affordable housing in the United States today. Consider that in December 2004, the median price for a home built on the

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Real Estate

The case for hiring a real estate attorney

"Why would I pay for something when I can do it myself, for free?" That's the question most people ask when someone suggests hiring a real estate attorney. Here are five compelling reasons to rethink this research. 1. Contracts are complex There is absolutely nothing to stop buyers and sellers from negotiating the terms of a deal on their own.

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Real Estate

Don’t take a hunch – Crunch!

For today's article, I'd like to share with all of my top 10 general calculations to perform before investing in any real estate:Loan to value (LTV):Unless you have enough money to pay for the entire property, you will need to consider taking out a loan for your real estate investment. Therefore, one of the most critical reasons to consider is

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Real Estate

10 things to know about 1031 exchanges

Some investors have been able to take advantage of the tax benefits of a 1031 exchange for years. Others are new to the game and may wonder what all the fuss is about. They hear the phrase "we're going to 1031 that" spread by real estate agents, lawyers, or other investors, but they may not be clear about what the

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Real Estate

Self-Directed IRA Rules Simpler Than You Think

Most people are concerned about self-directed IRA rules. Nobody wants to make a mistake. Errors can be costly; particularly when it comes to self-directed IRAs. If you have questions, you should find the following information interesting and useful.There are fewer self-directed IRA rules than you might think, at least, when it comes to government regulations. A brokerage may have additional

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