[facebook] [retweet] If walls could talk, do you know what your investment property would be saying? I think most of us probably cringe at the thought of what might have occurred at a property before we bought it, especially considering the condition in which we oftentimes find them. In most cases it’s easier to just…
[facebook][retweet] The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report. The price of non-distressed homes increased at the slower rate of 11 percent during the same…
[facebook] [retweet] The nation’s negative equity rate dipped closer to single digits in the year’s second quarter, though nearly one in five borrowers remain poorly positioned, according to new data released Thursday. Property information firm CoreLogic reported that nearly 946,000 homes returned to positive equity in the second quarter, meaning the mortgage holders owe less…
[facebook][retweet] With the national housing market showing signs of improved strength and stability, and inventory levels on the rise, sellers no longer have the advantage that they regained in 2012 after the Great Recession’s prolonged buyers-market. With buyers and sellers on a more even playing field, investors who renovate homes to resell need a competitive…
[facebook] [retweet] Most investors know that one of the most important aspects of selling a home is curb appeal, and yet many of us are lost on exactly what that entails. Of course a nice mailbox, painted front door, and a freshly mowed yard fits the bill, but today’s buyers expect much more when they…
[facebook] [retweet] General contractors, home design specialists, and remodeling professionals oftentimes have a knack for seeing their finished home improvement project in their well-trained mind long before construction even begins. However, for the typical (or new) investor, the ability to see beyond the urine-soaked 1960’s shag carpet, the floral wall paper design, and the pink…
[facebook] [retweet] Zombie properties serve as a lingering reminder of a housing market still in the midst of self-correction. They serve as a legacy of the recent housing crisis, a byproduct of lengthy foreclosure timelines and mercurial state foreclosure statutes. RealtyTrac [1] recently released [2]a nationwide analysis of zombie properties, examining both states and institutions that…
[facebook] [retweet] I admit that I am not an expert at a lot of things. Rather than being a jack-of-all-trades and a master of none, I decided long ago to be a master of a few things, while remaining downright awful at pretty much everything else. Some of my shortcomings include singing, dancing, drawing, or…
The most popular (and easiest to understand) real estate investment strategy is certainly the “fix & flip”, which is simply buying a home that needs repairs, fixing it up, and then reselling it to a retail buyer/homeowner. While reality television shows may have made it the most common technique, tackling the renovation business is certainly…
It’s a common misconception that you have to “fix up” houses in order to sell them for a profit, but nothing could be further from the truth. Many PIG members have a made a pretty penny (over a million dollars in a year!) from flipping ugly houses to other investors, also known as “wholesaling.” The…