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Posts Tagged ‘Investment’

Good Options for Real Estate Foreclosure Investment

Wednesday, July 25th, 2012

Real estate is not directly affected by foreclosure crisis; instead they have used foreclosure to make the real estate market be more active and profitable. Anyone can enter real estate investing, but it is only for those who have the will to learn all the strategies behind real estate investment. Real estate field is composed of different variety of properties that includes homes commercial and vacant land.

There are lots of home and other real estate properties that are foreclosed. These properties are lower than it real market value that is why it is very attractive for many real estate investors. If you are going to invest in foreclosure real estate property, you need to be financially prepared. You need to invest with repairs and a lot of renovation. Although foreclosed houses are prices very low and affordable for all investors, the homes require substantial amount of repairs.

All investors need to engage in due diligence when it comes to by submitting and filing important reports like property appraisals, repair cost estimates and home inspections. All of these documents are very important if you want to become very successful in real estate business. Honesty is one of the most important aspects that all investors need to observe when it comes to real estate foreclosure investment.

There are lots of options for investors who want to buy foreclosed properties at a discounted price. Investors can choose to attend public actions where they can spot a lot of foreclosed real estate properties whether it is residential or commercial. One thing that you need to know about properties that you can buy in public auction is that all properties are sold as-is. It means that there are no renovations or repairs that have been to these properties.

One good option for real estate investor is to look for short sale homes. These homes are the most ideal for all investors, because these homes are currently owned by their owner and are well taken care of. These are those properties that are still in the midst of foreclosure process and there is a possibility to buy this kind of property by negotiating with the lender loss mitigation department.

Vacation Home Purchasing Tips

Monday, May 10th, 2010

Investing in a vacation home might be for the pleasure you receive from it, than as a real estate investment. Second homes can bring enjoyment to you and your family, but buying at the right price and time, can make all the difference between profit and loss. Be sure to visit your proposed purchase destination both in-season and out-of-season. Many vacation spots are desolate off-peak. Here are some additional tips:

If the home is on a water well and septic, have them inspected by a professional. The best time to buy a vacation home is the first season after peak season. Many second home owners want to use it one-last-season, then sell and have the carrying costs. Inventories of resale homes are greatest off-season and at reduced prices.

Find locations that offer long seasons for golfing, boating, and skiing. Some resorts have off-season alternative activities that can bring you back for a respite in slower times. Retiring down the road to your second home brings to mind some things you should consider. Are some of the or the lack of seasons that don’t appeal to you? How is traffic in-season, you might have retired to get away from grid-lock, but very popular vacation and resort areas can have massive back-ups in season.

You might enjoy renting your vacation home now, but when you retire will you want the transient nature that short-term rentals bring? Don’t rely on seasonal rental to cover all your costs. Off-season may be too hot or rental rates drop so low, that the cleaning service, management fees eat up profits. Verify that any resort or condotel allows short-term rentals in season.

Anticipate all the costs for renovation and refurnishing. Sometimes it might be cheaper to start over. or to buy new construction. Buying furnished vacation homes is typical. If you’re going to rent your home, make sure the rental manager approves of the furniture you’re buying with the property. Out-dated and well-worn furniture won’t cut it today with savvy vacation renters.