Whenever I put a house under contract to buy I always use the standard Realtor sales contract. If you ever read the contract you will see that it states you can not assign this contract. This being so, if you cross it out and put your initials on it and get the seller to do the same then the contract will now become assignable.
Along with the above, when putting properties under contract to assign I typically put “123 street name llc” as the buyer along with the words “and or assign.” Doing so w
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There are 3 type of rehabs that exist. If you can simply identify what type of rehab a property needs and its sqft you can figure out the cost. These numbers are relevant for medium income communities where the houses are selling for 200k to 400k.
Light rehabs cost $10 to $15 a sqft. and it will cover the cost to paint the property, replace the flooring with new carpet, tile and clean out of the kitchen and bathroom.
Medium rehabs cost 30 to $35 a sqft. will covers all of the above plus the cost h
The mls stands for multi listing service. It is a system that sales agents use to post up properties and sell through other agents that have access to the system. This system is very valuable to investors as it is a great place for inventory as Realtors run into a lot of opportunities and post them on there.
It is said that there is no good deals on the MLS. This is 100% incorrect. What is true is that there are good deals on the mls, its just they move so quick by the time you see it, it is alre
Say you met a homeowner who is selling their house. Typically when you go under contract with the homeowner, they understand that a sale price must be agreed upon and a down payment amount will be brought to the table to close. As a rule, you never ever give down payment money to the seller. If you do, you will most likely lose it. This being so we always give down payment money to our attorney or title company handling the sale.
On the day the contract is being drafted up, at the homeowners hou
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Municipal Tax Liens Afforded Protection By Court - June 25, 2014
Earlier this week, on June 25, 2014, a decision from the NJ Supreme Court has bolstered the position of tax sale certificate holders throughout New Jersey -- particularly those seeking to enforce their rights and foreclose upon a property where the property owner has sought bankruptcy protection. It is a landmark decision and it helps to solidify and…
It’s finally spring (A snowstorm here or there notwithstanding) and its time to shake off the slow pace of winter and get active. Watching things come alive and grow got me thinking about gardens…planting seeds…cultivation.
You might be thinking, “What does this have to do with real estate?” Stay with me here, there are a few parallels.
SPREAD THE SEED
This is a relationship business. Don’t underestimate the importance of creating a strong…
With the economy still on shaky ground and lenders requiring that your deal fit neatly into their guideline box, the ability to raise private money has never been more important. You frequently hear people discussing this topic but you might be wondering – where do I begin?
Having raised roughly 10 million dollars over the last 5 years I’ve gotten very familiar with the process but I am by no means an attorney. When raising private money please be sure to seek out a qualified real…
Urban landlord investing combines elements of crime, drugs, boarded up assets, and low income tenants. Within all this uncertainty comes a unique risk adjusted opportunity. This post is going to look at one major tenant type that you will come across: The Section 8 Tenant.
Section 8 ?
Section 8 is a Government housing voucher program that is managed by the Department of…
