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Becoming A Real Estate Investor

By | May 7th, 2004|

There are a few basic steps involved with real estate investment you only need to know basic math. Avoid paying middle-of-the-night infomercials that promise to make you a real estate investor and use that money towards a down payment. Buying your first real estate investment property is the hardest.

Can Home Buyer Sue Seller Over Bad Smell?

By | May 7th, 2004|

A new home owner notices a bad smell and wants to sue the seller for not disclosing it. The homeowner's ability to sue the seller for his or her failure to disclose a material problem with the home will generally depend on various factors: the state's seller disclosure laws, what the seller knew, and what the contract for purchase of the home stated. Seller disclosure laws generally require sellers to disclose material issues relating to the home.

Mortgage Denied Due To Low Appraisal

By | May 7th, 2004|

Many, but not all, real estate contracts include a provision allowing some time for a buyer to obtain financing for the purchase of a home. If within the time allotted a buyer is unable to obtain financing and the seller is notified, the contract is terminated and the buyer receives a full return of any deposit. Usually, this right to terminate a contract if you are unable to obtain financing is called a mortgage contingency.

Managing Capital Gains Exemptions on Two Properties

By | May 7th, 2004|

A couple owns two properties and would like to sell both of them with a minimum of capital gains tax. Capital gains tax exemptions require certain conditions for the use of the property. Ilyce reviews capital gains tax requirements and suggests the couple consult their tax preparer for what makes the most sense. for their properties.

Compromise Buying For The Perfect Home

By | May 7th, 2004|

One of the great myths of real estate is that you can get everything you want if you could just spend enough money. This myth applies whether you're buying a newly-constructed home, an existing residence or renovating the house in which you now live. But if you prioritize your wants and needs, you'll probably end up with all of your needs and a good number of your wants, as well.

Home Equity Loan Great Refinancing Option

By | May 7th, 2004|

A couple shows how they cut several years off of their mortgage by getting a home equity loan. Their solution is a great way for seniors to improve their cash flow. Because more seniors are entering retirement with mortgage payments, it's even more important to be open to new financing techniques that can save money.

Using Rental Income For College

By | April 30th, 2004|

A couple disagrees on how to save for there children's college education. Should they save for college using traditional methods such as CDs and stocks or the income from their rental properties? If the rental properties are an investment strategy that's working for them, it's worth sticking with.

The Risks Of Buying With Family

By | April 30th, 2004|

A woman and her husband want to purchase a home with her sister, with the sister paying the down payment and the wife and husband on the mortgage. Buying a home with family members can be a sticky situation, and there are many issues to think through should something not go as planned with either sister. A good real estate attorney can help create a partnership agreement between the sisters in regard to buying their home.

Seller Refuses Inspection Contingency

By | April 30th, 2004|

A home seller refuses to pay for any repairs and did not accept an inspection contingency on the offer. It is the seller's choice to accept an inspection contingency or pay for any repairs in order to sell their home. If they refuse an inspection contingency, a buyer's option may be to buy the house "as is."

Co-Owner Refuses To Refinance

By | April 30th, 2004|

A co-owner refuses to sign refinance paperwork. Who is responsible for the payments? Who is the true owner of the house? What are the owner's options?

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