Buying investment property and negotiating a real estate contract mean two different things, depending upon which side of the transaction you’re on.
If you’re buying an investment property, you want the lowest possible price. And if you’re the seller of the flip you want the highest price possible based upon local market conditions. Either way, negotiating a successful sales contract for a flip is a critical part of the process. Read The Full Article Here!
The foreclosure process begins when a homeowner begins to fall behind on their payments, lenders are required to follow an established process before the lender can file for foreclosure proceedings. Read The Full Article Here!
Whether you are house flipping in Reading, Pennsylvania or flipping houses in Los Angeles, CA, the process is essentially the same.
So What is House Flipping?
You find a property, whether listed for sale or not, determine how much you can buy the property for, how much it will cost to renovate it, how much you can make and how long it might take to sell it. Seems simple enough, right? Read The Full Article Here!
When buying investment property there are two real estate terms used to describe the current condition of a property, “As Is” and “As Completed.”
If you don’t know the difference between the two, it’s possible you’ll have a property that can’t be sold because a lender won’t finance the purchase. Read The Full Article Here!
The one document that will gain the greatest share of your attention when you go to closing is the settlement statement.
The settlement statement represents the financial reckoning between the seller and the buyer and all parties in between and lists all fees associated with the property purchased. Read The Full Article Here!