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Tuesday, 10 October 2006 |
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When I bought my rental buildings I was not planning to rent to Section 8 tenants, I didn’t even know what Section 8 was! One day a pleasant young mother called to inquire as to whether I would accept Section 8. I took an instant liking to her, and made a call to the city to found out how this program works. Basically, the city pays the rent, and the federal government reimburses the city. There is a lot of extra paperwork, but once you understand the process, it goes rather smoothly.
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Tuesday, 10 October 2006 |
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What commercial property types should you buy? You should consider the pros & cons of each property type, as well as, have a good understanding of your investment objectives and your experience. These factors will help lead you to your ideal commercial property.
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Tuesday, 10 October 2006 |
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How many feet of road frontage does the property have?
This question is among the most important when assessing the value of commercially zoned property in a city or county. For some, the reason as to why this question is so important may seem rather obvious. However, there are multiple reasons why investors, developers, builders and business owners want to have large amounts of road frontage on their commercial properties.
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Tuesday, 10 October 2006 |
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Whether you are a single unit landlord or a multiunit operator, the safety of your residents should be a primary concern. The safety of your residents and the perception of safety are major factors in a resident’s decision to sign another lease. Property managers suffer high turnover and lose substantial profits by not attending to safety concerns.
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Tuesday, 10 October 2006 |
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There are many ways to get started in real estate investing. For the beginner, a good strategy might be to purchase a multi family unit to rent out. Four families or less per building is the ideal size to look for. This will allow you to still acquire a building with a residential mortgage, taking advantage of the lower interest rates. Here are some great reasons why investing in a multi family building can be less risky than other types of housing.
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Tuesday, 10 October 2006 |
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Thought That Good Credit Is Enough? Think Again...
As a mortgage broker I deal with a lot of real estate investment business. The number of times that a loan could not be done because the investor was unaware of certain basic mortgage concepts is staggering. |
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Tuesday, 10 October 2006 |
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You may be familiar with the gross rent multiplier. This simple formula for determining the value of rental real estate has been around for ages. The first book I read on investing in real estate advised me to "never buy a property with a GRM of more than 8." GRM is the acronym for gross rent multiplier, of course, and the formula is this: divide the price by the gross annual rents to get the GRM.
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Tuesday, 10 October 2006 |
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Buying investment property with discretion is perhaps a foolproof way of accruing long-term wealth. With the stock markets being overly volatile the investor is anxious and often seeks haven in real estate, which unequivocally involves less uncertainty than other investment options. While real estate has drooped a bit from its zenith during the late 1980s, astute real estate investments can still deliver significant gains. In general, buying investment property gives you access to three benefits: yield, capital growth, and tax advantage through negative gearing.
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Tuesday, 10 October 2006 |
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A Reverse Exchange may be the best alternative to save a 1031 deferred exchange transaction when a taxpayer needs to purchase their replacement property prior to the sale of their relinquished property.
The mechanics of a reverse exchange may seem complicated, so the following general guidelines will help. |
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Tuesday, 10 October 2006 |
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Many people start a fix and flip project because they have a certain skill or simply go into the project thinking, "How hard can it be, right? I'll just learn how to do install cabinets, or do basic electrical or plumbing, or ____," you fill in the blank. The savvy investor must ask him or herself this question, "Is this the highest and best use of my time?" |
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Tuesday, 10 October 2006 |
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Real estate residential and commercial landlords, tenants, and rental agents in the USA, Canada, and worldwide should take ten steps to avoid mold problems and lawsuits in the rental of real estate properties, according to Phillip Fry, Certified Mold Inspector and author of the books Mold Legal Guide and Mold Health Guide. |
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Tuesday, 10 October 2006 |
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Buying rental properties can be a great way to build your wealth. However, as in most real estate investment, it is sometimes difficult to know if you've found a good deal - especially the first time. Here are some things to look for to be sure that rental is a great investment. |
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Tuesday, 10 October 2006 |
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Rental property investment starts with finding the best deals. To do this, you can increase your odds by finding more deals. Who's more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are those ten: |
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Tuesday, 10 October 2006 |
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Hiring a property management company is a great idea if you have even a small apartment building. Having someone taking care of all the small details of a rental property means you'll have more time to find the next good investment. Also, trying to do it all yourself is the surest way to make your real estate investment experience a bitter one. To find a good property manager, ask the following questions. |
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Tuesday, 10 October 2006 |
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Real estate appraisal for rental properties isn't the same as for single family homes. If you were looking at a 24-unit building, it would be difficult to find similar ones nearby that have recently sold. Therefore, a market analysis using comparable sales isn't normally used.
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