A short sale is when your mortgage lender(s) and/or lien-holder(s) agree to discount the loan, accepting less giving you an opportunity to sell your home at current market value. If your home is over-leveraged, underwater, or you are behind on payments and cannot sell your property for what is owed, then you may be eligible for a short sale.
Read MoreTHE MORTGAGE PROCESS: IT’S NOT AS SCARY AS IT SEEMS!→
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Many consumers have misconceptions about what it takes to qualify for a mortgage. Knowing key mortgage qualification criteria such as: down payment percentage, credit score, and debt-to-income ratio and getting pre-qualified will take the anxiety out of the mortgage process.
Read MoreFLYING SOLO: 5 STEPS TO BUYING A HOME ON YOUR OWN→
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The home-buying experience often portrayed in advertising generally seems to focus on couples and families. But these days, only 40% of first-time home buyers are married. The process of purchasing a home for a sole owner may be fairly like that of anyone else, but there are a few slight differences in how a single buyer might approach the home-buying experience.
Read MoreFILTER YOUR FORECLOSURE LIST→
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As a real estate investor, marketing to those in foreclosure is probably high on your agenda, as there’s an opportunity to get a good return on such investments. As such, you’ve got to compile a list of new and recent foreclosures, but that list can get relatively large. So, what do you do with a large foreclosure list?
Read MoreNUMBERS YOU NEED TO KNOW TO BUY A MULTI-FAMILY→
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Many people come to me asking about the best strategies to buy 1-4 multi-family unit rental properties. We have specific strategies in our course for creating higher cash flow, getting substantially better than average tenants and generating much higher profit when selling down the road. However, when it comes to buying rental property in general, I tend to give the same guidelines regardless of the type of real estate investment it is. When you’re a real estate investor, there certain things to look for in a property.
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