UNDERSTANDING COMPARABLE MARKET VALUE
Preview:
The definition of “comparable market value” for our purposes in this article applies to residential real estate only. Different methods are used to determine values for land, multi-family apartments and other commercial real estate. DEFINITION: Comparable Market Value is the price range at which other similar properties in average condition are selling within a reasonable amount of time. In order to completely understand the definition, we will break it down into three parts and explain each in detail.
1. Price Range. Since real estate has no exact value, we must always expect that a property in a... continue reading >>
How to Create Positive Cash Flow with Rental Homes
Preview:
Some fairly easy math that you can learn will help you instantly determine whether or not a home will be a profitable rental property and provide you with positive cash flow as an investment.
Homes will generally rent for somewhere between 1.0% and 1.3% of their price. That means that a home you pay $100,000 for should rent for between $1,000 and $1,300 per month. Now, in order to be cash flow positive, you need to be fairly certain that your monthly costs of owning the property are going to be a fair margin less than the rent. Your monthly... continue reading >>
Financial real estate advice
Preview:
I've been investing real estate now for over ten years and have learned some amazing finacial real estate lessons from the recent real estate boom and bust. Many small investors flooded the market after learning that professionals like myself were making 50% and 100% returns fliiping residential real estate properties. While I used heavy leverage and tax advantages to the hilt, nothing I new then would have made me more money today than these simple strategies. This is the financial real estate advice I needed in the summer of 1998. Financial Real Estate Advice, 5 TIPS
1. Always offer... continue reading >>
Fixing up Foreclosure Homes for Profit
Preview:
I have been flipping residential homes for profit in Las Vegas now for over 12 years and have finished over 600 rehabs.... I think that I know what I am talking about.
THE EXTERIOR
1. Remove all of the weeds and rake the dirt, rock, or grass clean. Do not add grass if you can help it. Add only rock cover. If you have to add any plants keep it to a minimum and add evergreens only. People want curb appeal but they also want low maintenance and a low water bill. Give them a clean landscape to work with,... continue reading >>