The first approach or strategy for turning deals and at least a portion of their equity into cash is the one so many beginning investors seem to start with. And for good reason. It is the approach that requires little to no cash to execute and the paydays can happen quickly.
Jul 24
The march of the hotel alternatives continues, this time with the arrival of a home-swapping service aimed squarely at the upper echelon of homes. Luxe Home Swap allows people with high-end dwellings to swap accommodation with others all over the world.
via Springwise.
Jul 23
The current market does not favor buyers. I repeat, the current market does not favor buyers.Allow me to explain. For months, if not years, you have been told that the glut of housing inventory makes for a buyer’s market of epic proportions. Why, the ancient Greeks themselves would write songs about the opportunities that abound for any would-be hero with a hankering for a house. The only problem with this suggestion? It’s just not true.
via Agent Genius.
Jul 19
In their fourth month trying to sell their home, the Corianos are hoping even for some showings. But since the deadline for the tax credits passed, the frustrated couple has shown the property just three times.
“It’s like somebody turned off the faucet,” Adam said.
via Omaha.com.
Jun 24
Can the buyer living in the owner financed home sue the seller? Nope, not if you construct the transactions the way I do it. If the buyers dog bites the neighbor kid or the UPS guy, can the injured person sue the seller who provided the owner financing? Nope. If the buyer does something stupid, can he sue the seller who owner financed him the home? Nope. Yet if you substitute tenant and landlord instead of buyer and seller in the above questions. The answer becomes yes to everyone. In every one of those scenarios the landlord can be sued, has been sued and has lost.
via The Wealthy Review.
Jun 13
Congress is considering a proposal from Sen. Harry Reid (D., Nev.) to extend the closing deadline on the tax credit of up to $8,000 for home buyers.
One risk of this proposal: It could help people who are trying to cheat Uncle Sam.
via – WSJ.
Jun 12
From your mouths to the Senate Majority Leader's ears. You may recall on Tuesday we all discussed the home buyer tax credit, and specifically how many potential buyers rushed in to sign contracts by the April 30th deadline but wouldn't make it to the June 30th closing deadline.
via CNBC.
May 25
Net cost to him of selling it himself: zero. Net cost to the real estate industry: about $15,000 in lost commissions – and one client who is determined never to use an agent again.
via The Globe and Mail.
