5 Hidden Home Buying Expenses
There is a lot that goes into buying a home. Most veteran home buyers know that the list price is not the total amount you end up spending on the home. With property taxes, insurance and miscellaneous closing costs, this number is typically thousands of dollars higher than the negotiated purchase price. In many cases this can have a huge impact on whether or not you move forward with the property. These costs and expenses are part of every bank loan you use to finance the purchase. As a result, you should know exactly what your bottom line is before you get in too deep.
Here are the five most common home buying expenses.
Keys to Real Estate Wholesaling success
Wholesaling is a great entry point into the field of real estate investing, and also is a great way to geenerate capital needed to market and find more deals, whether for more wholesaling, to buy and flip or to fix and hold. With the wholesaling process of finding under-valued properties and either selling them outright or assigning the contract to a buyer, without doing any repairs on the property, wholesaling is a great way to learn your way into of real estate investing, and making money in the process.
But what is really involved in being a real estate wholesaler? What do you need to do regularly, or even daily, to achieve your real estate wholesaling goals? What does a typical day for a real estate wholesale investor look like?
Avoiding Foreclosure - Potential Solutions
The word "foreclosure" is a word that no homeowner wants to hear, because it signifies that they could lose their home. This is especially true if you are no longer able to make your monthly payments either on time, or at all. Frequently the cause of this unfortunate situation is a loss of employment, or an injury or other medical condition, and the costs and debts keep piling up. The homeowner would like to continue to make payments, and stay in their home, but events outside of their control have dictated a different course of action.
If you have a situation that could affect you making your monthly mortgage payment on times you will need to take these immediate steps to avoid possible foreclosure of your home.