Let's Talk Value, Home Value That Is...
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04/30/2009
Let's Talk Value, Home Value That Is...
By Randy D
Its all about the numbers as they say and we investors are expected to practice due diligence in order to ensure profit. But how can one even begin to run "the numbers" if they don't know how to obtain an accurate value of a subject property?
To put a spin on things their is also the variable in the type of analysis you can use to determine value. You can use the "Comparative Market", "Replacement Cost", and/or the "Income Approach". Yes, there is actually more than one way to... continue reading >>
Getting Started In Real Estate
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Getting Started In Real Estate by Randy D. www.randyhelpshomeowners.com
There are many newbies here on this website. For this reason I thought it would be a good idea to share some getting started in real estate tips. Sharing is caring.
Here they are:
Preparing Your Workspace
- Clear off a desk at home and make it your office workspace filled with all the office accessories. A computer, a telephone, an internet connection, a cell phone, pens, paper, ear phones, clip boards, calculators, books, printers and a comfortable chair.
- Sit down and set clear and concise goals for your next... continue reading >>
Helpful Landlording Links by Randy D.
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Helpful Landlording Links by Randy D.
There are many websites to use to find property values for residential homes, but what about rental rates. Buy & Hold investors need this to determine the rent rate of either a newly aquired property or to check if their current rates compare on a tenured property. I found some great websites to use for running rental comps. Sharing is caring.
Here they are:
www.Zilpy.com (rental comps, post properties)
www.rentomatic.com (property management, collects rent, cashflow analytics)
www.rentometer.com (quick rental comp comparisons)
I hope you have found this blog helpful. As soon as I find... continue reading >>
FORECLOSURE AND HOW TO STOP IT...
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FORECLOSURE AND HOW TO STOP IT... Fact 1: Money Costs Money The average lender loses 30-60 thousand dollars due to the foreclosure process. Attorney’s fees, lost interest, Realtor commissions, all account for this staggering amount of loss. This is why lenders are eager and willing to work out and discuss their options. Remember the lender is not in business to sell houses, they are in business to lend money and yield a sizable return. When foreclosure arises, they simply want to minimize losses and lend a new mortgage to someone who can meet the loan obligations. Fact 2: Help No... continue reading >>"Tips On A Good Business Name"
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A Good Business Name Should Meet All of the Questions Below: Does the name separate yourself from your peers? In other words is it unique enough to avoid a lawsuit for infringement. Does the name tell what you do and how you do it? The common man appreciates when you tell him what you do to make it easy, hence the name "WeBuyUglyHouses" Is it memorable and easy to spell and remember? John started a clothing and smoke shop called Phychedelic Apparel. Too bad his target market can't spell it to search for the location on the internet.... continue reading >>
Web 2.0 Is Here, Have You Upgraded?
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Web 2.0 Is Here, Have You Upgraded?
Ah, I remember it as if it were yesterday. The year was 1993. December the month. Santa brought me and my kid brother a brand new Packard Bell 486dx2, 66mhz, 8gig ram, and 1.2g hard drive home desktop computer. This thing was top of the line for its day. It even employed MS Windows 3.1 and a free trial of AOL 1.0.
I spent months clicking through random folders trying to figure out just what made my computer work. I can remember using mIRC for chatting online and aol for surfing... continue reading >>