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There is no doubt about it. Home inspections are a must!
Even if you are able to talk a seller into your creative financing deal. Even if you do get in without having to qualify for a mortgage so there is no lender required a home inspection. You still need to inspect it.
A professional home inspection is always recommended and is about the best investment you can make when buying a new home. Have you ever seen "The Money Pit" with Tom Hanks? If not, go rent it at the video store and then seriously consider hiring a home inspector.
You still need to make an initial inspection to be certain you want the home. The seller may be selling because expensive repairs are needed. At this stage, you just don't know. So you need to find out. (more...)
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Don't overlook homes for rent when you are looking for a home to buy with no qualifying. Investors sell their rentals from time to time for various reasons.
They may want to trade up to more expensive homes. They may change their focus and want to concentrate on multi-family units rather than single family houses. They may be ready for retirement and want to cash out. Or they may be just sick and tired of dealing with renters.
For these and many other reasons, a home for rent may be your open door to a home without qualifying for a mortgage. And investors, as a rule, are more open to creative deals like lease options.
So how do you find the investors who are willing to deal? (more...)
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About 99 per cent of the real estate books and courses on the market are directed towards those people who want to make big money buying and selling real estate. This is no big secret. Amazon, Barnes and Noble and ClickBank are loaded with them. If you've just missed the latest "Get Rich In Real Estate" seminar in your area, all you need to do is turn on the tv, flick around the dial and you're bound to find another one coming next week. And their offer will "never be repeated". Sure.
This whole segment is flooded with people making more money selling books and courses than they do by investing in real estate. This should not surprise anyone. Internet marketing is full of the same type marketer.
This is not to say that their methods don't work. Most do. But not every method will work for every prospective investor in every market. (more...)
Technorati Tags: money, Mortgage Insurance