2nd Home Investment Property
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Gettin 'Unstuck' on That Unsold Real Estate Property
Investors and rehabbers fret a lot, and these days there’s a lot to fret about. In most major cities prices have "adjusted" downward and sales have certainly slowed. And, when we do get an offer, it’s a “low ball” offer with little basis in Our Reality. (We know the value of our product is going unappreciated.)
Meanwhile we see REO’s selling at reduced prices not seen in years. So there are abundant opportunities for those grabbing th Read More...
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Finding 'Diamonds in the Rough', How will you know the difference?
There is no doubt about it: We’re in a Buyer’s Market like none of us has seen before. For the next 12 or 18 months there is an investment opportunity for investors to buy perfectly viable rental properties for pennies on the dollar. These are diamonds in the rough. But this opportunity won’t last forever.
No, this is not for everyone. Most lenders have raised credit standards; it now takes a FICO score in the upper 600s to qualify. And there’s littl Read More...
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2nd Mortgages – Are They Right For You?
2nd Mortgages offer home owners the opportunity to secure a second loan against their home, in addition to the original mortgage loan that they used to purchase the house originally. Obviously it goes without saying that the more debt you secure against your home, the higher the risk that you may lose your property in the future. Failure to meet the increased repayments due on your 2nd mortgage would mean the bank could foreclose on your loan, leading to your home being sold to repay your outs Read More...
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