What is a bridge loan?

What is a bridge loan and when would you need one?

Views: 2229        Posted on: Apr 27 2012        Tags: Definitions, Mortgage, Seller, Buyer

Is the garage included in the house size calculation?

Is the garage included in the house size calculation?

Views: 2056        Posted on: Apr 18 2012        Tags: Seller, Buyer

How many real estate properties will I likely see before I find a home I want to buy?

I've heard of the 100-10-1 rule, where you look at 100 properties, make offers on 10, and purchase 1 property. Is this a realistic view or are your experiences different?

Views: 2038        Posted on: Apr 10 2012        Tags: Buyer, Ownership

How do you find new real estate investment properties?

Where do you look for new properties to invest? Do you use newspapers, classifieds, real estate agents, ads, etc.

Views: 2110        Posted on: Apr 10 2012        Tags: Buyer, Rental

Should I be there for the property inspection?

Should I be present for the property/home inspection? Can I just rely on the report? And if so (or not), why?

Views: 1902        Posted on: Apr 10 2012        Tags: Buyer, Home Inspection

What should I look for when quickly walking through a prospective rental property?

Obviously everyone should get an home inspection, but what I can personally look for as an investor when walking through a property I might be interested in purchasing? What are the biggest warning signs I should look for that will make me want to run? And what are positive signs that this is a good property?

Views: 1949        Posted on: Apr 10 2012        Tags: Buyer, Rental, Home Inspection

What is a double closing?

What is a double closing?

Views: 2082        Posted on: Apr 10 2012        Tags: Definitions, Real Estate Agent, Seller, Buyer, Closing

Should I incorporate myself before I buy investment real estate properties?

I've heard some people say that it's good to incorporate yourself before you invest in real estate properties while others say there's no real benefit to it, at least not until you've got a few properties under your belt.

My question is, should I incorporate before I buy my first real estate investment property? And if not, when should I incorporate?

Views: 3222        Posted on: Apr 10 2012        Tags: Buyer, Incorporate, Corporation

Buying property after bankruptcy

I plan on filing bankruptcy in the next couple of months and I was wondering is it better to just incorporate my name so that I can buy property faster. I know it takes 2 years if not. I also plan on building a real estate portfolio, so I figured I'd incorporate myself and start buying property again that way. How long does it take to build credit to buy property if incorporated and what should I do to build credit up as a corporation? Also, is LLC best for what I'm trying to do? Thanks! I appreciate any advice given.

Views: 2068        Posted on: Apr 10 2012        Tags: Buyer, Bankruptcy

Short sale/sellers agent sitting on bid

My Husband and I just put in a bid for a short sale. Originally the house was listed at 45000. a week ago they dropped the price to 35000. Our bid is for 37000 put in on Saturday. It has minimal POS violations. Now we found out this house is not a foreclosure so i am confused as to why it is being sold as a short sale. The owner died 6 months ago and the sister is POA seller. However it is being presented to us as a short sale being owned by bank of America. Our Agent turned in our bid to the sellers agent saturday, Now it is Tuesday and we found out the sellers agent hasn't opened our packet with the offer because she is now getting more viewings. She is holding out to get more bids for the house. How long can she hold onto the bid without responding? Does this sound like red flags to anyone else? why is it a short sale if it wasn't a foreclosure? Is there anything we can do to heighten our chances? It already took lots of homework to find a lender for that small of a mortgage. Can we put in a higher bid with them not even seeing the original bid? is that smart in the first place? I feel like the seller's agent is not playing fair with our emotions or our future for a home.

Views: 2011        Posted on: Apr 10 2012        Tags: Real Estate Agent, Short Sale, Seller, Buyer