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Lessons Learned... Government Financing isn't Always What it Seems.
In our last article, husband and wife real
estate team, Jeremy and Sarah Cyrier, listed an apartment
complex. (The property was discovered from the daily email alerts
generated by ForeclosuresMass.) Two offers had already been made
on the apartment complex, and it looked like a third offer was on
its way. The homeowner was extremely relieved that he was going
to avoid foreclosure. Things were looking up for everyone.
That was last month. Here's what else
happened . . .
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Excerpts from this article
* Next 37 17 investors only!
An offer was finally accepted
...However, it is not as easy as it seems...
In the meantime, another property surfaced
... immediately called the homeowner. They agreed to meet with me...
...
We were able to make a deal
...Again, it was a "win-win" for all involved", says...
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If you're living by the ABC rule - as in, "always be closing" - you're living by the wrong advice. According to Jim Gage, getting to closing too quickly means you're leaving out a bunch of steps in the process. In his article, he explains the three cardinal rules of real estate negotiations - and how you can use them to successfully close more deals. (Hint: one of the rules means keeping your mouth shut, but you knew that, right?)
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Legal Corner: What to Know Before You Buy: The Legal-Ease of Foreclosed Properties
Suzanne Brunelle, Portnoy and Greene, PC
Over the past ten years, attorney Suzanne Brunelle of Portnoy and Greene, PC in Newton, has handled thousands of foreclosures. Her advice is simple: find out as much as you can as early as you can about the property that interests you...
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Finance Corner: What you Need to Know When Financing a Foreclosed Property
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While other investment properties allow a buyer ample occasion to view the property, inspect the systems and bring in experts to assess the improvements necessary for habitation, purchasers of foreclosed properties may have little or no ability to walk through the building. In addition, when foreclosed properties are purchased at auction little time is left for reflection regarding price...
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Legal Spotlight: How to Keep Yourself from Being Part of a Third Party Claim
John B. DiSciullo, Esq.
As a real estate investor, you have relationships with contractors, sub-contractors and other real estate investors - relationships that can leave you open to third-party claims if you're not careful. In his informative article, real estate attorney John DiSciullo talks about three of the third-party claims you're most likely to encounter: disputes involving contractors, insurance issues, and claims between buyers and sellers and how you can help prevent these disputes from occurring.
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Success Strategies: Buying and Renting a Vacation Home - Making it Work
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