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Buying Property That Has Building and Safety Problems

One of the best ways we have found to purchase real estate is to buy property that has issues with The Building and Safety Department (BSD). These are properties that BSD has flagged as either unsafe or in need of repairs. The property that is vacant is the best of the best in this category. The most efficient way to locate these properties is to contact the BSD in your local area, drive by the properties, find those that are vacant and research the property. Sometimes the list is online or the BSD may have other procedures to acquire the list. Also, these properties rarely are listed with a real estate agent, so they are less well known, which is always good for the investor.
The key here is to find the owner and see if you can arrive at an agreement with the owner (title holder) to sell the property to you. There are many ways to find the owner. We will review these below:
1. Contact the local property tax office and ask if you can research the address with them. You are looking for the address where the property tax bill is mailed.
2. Visit the neighbors and ask if they have a contact number for the owner. Many neighbors will help you, especially if the property is vacant and in need of repairs, as it is to the benefit of the neighbor to have the property near them (or next to them) in repaired condition.
3. If the property is vacant (and only if it is vacant), walk the property to see if there are any abandoned cars on the property. If there are, write down the license plate number. Then, contact the local Department of Motor Vehicles in your area and ask how to acquire the address of the car owner. If the DMV asks you why you want the information, merely tell them you want to buy the car and it appears abandoned.
4. Create an arrangement with a skip tracing firm to find the owner. I have seen this work in the past, although it could be a more costly option.
5. Send the owner a letter expressing your interest in the property. You might also include pictures and the Building and Safety notice.
6. Attempt to locate the telephone number of the owner. Sometimes a person with same last name is related.
The bottom here is THINK LIKE A DETECTIVE!!!
If you cannot find the owner after you have tried all of the above,
(this may be very hard to do), try again in a few weeks. If you keep at it, you will find owners that hold title to these properties.
When you do find an owner, I suggest you mention to them that you can buy all cash, with a quick close and that you need very few contingencies. All you are seeking is a short time period for inspection, as well as any other approvals you and the owner can agree on that you feel you require to purchase and close on the property.
We are always willing to assist you if you have any questions, please feel free to contact us.
Kind regards,
Ken Sheppard
Please Note: All investment information contained in this electronic mail has been secured from sources First Class Investments believes are reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. The views, opinions, conclusions, and other information expressed in this electronic mail are not the responsibility of First Class Investments in any manner. First Class Investments accepts no liability for the content of this email, or for the consequences of any actions taken on the basis of the information provided. First Class Investments recommends that you consult with a Financial Advisor, Attorney, Accountant, and any other professional that can help you to understand and assess the risks associated with any investment opportunity.…

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Is It Time To Switch Your Listing Photos?

If you’re in a market where things aren’t moving very quickly, and if the seasons have changed, then yes – it is.
In fact, even if the seasons haven’t changed, if that listing is beginning to get stale, or if you’ve had a good price reduction, it’s time to switch.
Outdated photos can prevent showings:
Now that 80% or more of all buyers begin their home search on the web, the photos are more important than ever before. And while they shouldn’t be used to deceive those searchers, they shouldn’t be allowed to discourage them, either.
There are perfectly valid reasons why a house might not have sold quickly. Perhaps nothing in your market is selling quickly. Or perhaps the house is unique in some wonderful way and it’s just waiting for the right buyer. Or perhaps it went under contract immediately after listing but the buyer’s loan fell apart.
Buyers searching the web don’t have access to any of that knowledge, so when they see the same photo week after week, or when they see a photo with green grass and they know you’ve had snow on the ground for six weeks, all they’ll think is that the house hasn’t sold.
Unfortunately, the next thought after that one is “There must be something wrong with it” or “It must be over priced.”
What if your formerly overpriced listing is now priced right?
That’s another time to change the photo! If buyers and agents have gotten used to seeing that photo when they search, they’re apt to skip right over it without a thought – and without stopping to think about the new price.
So go get a new photo from a different angle – even from a different side of the house. Let the new photo attract new attention.
Some people like to show summertime pictures with their wintertime listings in order to show how inviting it is in summer. That’s a nice idea, but if you do it, be sure to preface the summer photos with something like “From the seller’s picture album” so you won’t give the impression that the house has been listed for months.
One more note on photos:
When you prepare a flyer for the box out front, use a photo of the house as it looks from that angle, but make it smaller and put it up in the corner or off to the side.
Then show a view of some enticing feature of the home that can’t be seen from that angle. It’s just one more way to show buyers that they need to take a closer look – and the small photo will help them remember which house it is.…

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Tips To Keep in Mind Before Buying a Flat

The flat or the property being purchased for any useful purpose as in residential or any other should be exposed to various factors. The buyer should deeply perforate to investigate in to various facets of the property before completely owing it.

A thorough involvement in the convolution of the flat is important before actually acquiring it.…

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Exhausted of Investing Money in Bonds and Stocks? How About Real Estate?

Are you one of the many people that have invested a small or large sum of money to countless stocks, bonds, or mutual funds? Has this subsequently increased money in your wallet, or has it only increased levels of anxiety? When people think of investment, they automatically associate stock market, bonds, loss of money. However, there are a number of entities that one can invest in. You may be surprised how many people invest in Real Estate despite the recent market crash. In an ever changing economy where stock markets and bonds are dropping at over a hundred points a day, Real Estate might be a great opportunity for safe investment. Why you may ask? Simple. Real Estate is necessary. Population is always increasing, and with that, the housing market is always in demand.
If you may be one of the few or lucky that investing in stocks and bonds have proved successful, then why is investing in Real Estate a better opportunity? First and foremost, whether the economy is in a recession or in economic good standing, the stock market will always fluctuate. Unforeseen problems within a business can always arise, and thus money invested in stocks and bonds is unpredictable, risky, and sometimes unsuccessful. Real Estate on the other hand, has a number of benefits:
First, inflation does not hinder the housing market investing business, only enhances the potential money to be made.
Secondly, constant cash flow. Although a stock pays dividends, the stream of income coming in from a Real Estate Investment exceeds the dividend yields on average. Moreover, the investor in real estate has less to lose. If and when your investment properties encounter a downfall in homes being sold, typically, properties monthly rent will stay constant.
Thirdly, as history proves, profit will increase due to appreciation. Within the last sixty years, research shows the ever increasing amount of an average person’s home in the economy. As the property value keeps increasing, so will the appreciation, and so will your investment profit.
A fourth incentive: tax benefits. As an investor of real estate, you qualify for a number of tax incentives: depreciation with no-out of pocket costs, tax deductions such as property, mortgage interest, and repairs for those who qualify, and according to the IRS, investors can sell properties without paying capital gain taxes as long as they exchange them for others of like kind (section 1031). Investing with IRA.
Need another incentive? Return on Investments. Often with stocks and bonds, finding out your ROI can be challenging. On the contrary, with investments in real estate, there are more ways to realize a greater ROI. Often times, return on investments can be 8%-12%. The higher the return, the better!
We are Real Estate Solutions Group located in Jacksonville, Florida. And we are helping investors all over country to invest in the housing market. If you are looking for an opportunity to invest in property but not sure what property to buy and where to buy, call us! Investing in the industry in Jacksonville is easy and safe. We buy distress properties, such as Short Sales and Foreclosures, for 30-60 cent’s on the dollar. What does this mean for you? Your investment with us has equity from day one!
Real Real Estate company should offer a full line of services for Investors, such as:
• Find homes and potential properties
• Renovating the properties
• Finding management companies, landlords, and tenants to care for the properties
We will do everything! Just sit back, relax, and anticipate your secured monthly income
Spending time, money, and increasing your stress due to lack of success in the stock markets is not needed. Real Estate Investment has proved successful and has benefited countless people in terms of cash flow, tax deductions, and increasing appreciation. The investment opportunities for some people has proved to be so successful that there incoming cash flow is not their second income, but their only income. No longer do you have to anxiously check the stock market every day to see the rise or fall in stocks, invest in Real Estate!
LEARN MORE ABOUT REAL ESTATE INVESTING OPPORTUNITIES!…

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GAF Asphalt Shingles Protecting Your Home For Life

They say there’s nothing that lasts forever, particularly when you’re talking about your home, but there are a few exceptions. GAF asphalt shingles carry a lifetime limited warranty that lasts as long as you own your home, making them the ideal material for your next home improvement project. But what makes this type of roofing so special?

GAF Asphalt Shingles Feature Superior Materials

GAF has been manufacturing asphalt shingles and other roofing materials since 1886. The company has been designing and creating unique roofing designs for over a century and standing behind their materials and craftsmanship for just as long. Homeowners can rely on the quality of the materials with every roof installation. Asphalt shingles are a popular choice for several reasons, including their affordability, an impressive range of colors and styles, easy installation and the relative ease with which they can be repaired. They’ve won numerous awards for the superior quality of their materials and craftsmanship.

Reliable Expertise

GAF manufactures its products in several North American locations in order to serve homeowners more efficiently and reduce shipping and storage costs, a savings that is passed on to the consumer. They offer an intensive training program for installers across North America and have trained over 125,000 roofing industry professionals on how to properly install and maintain the company’s asphalt shingles. When the time comes to have a new roof installed on your home, look for the seal that says “GAF Certified Weather Stopper Roofing Contractor.” It’s a sure sign of a contractor that uses factory trained installation experts. You can also go directly to their website and type in your contractor’s phone number; the website should confirm his status as a certified installer.

What A Lifetime Limited Warranty Really Means

Some companies will offer you a ten year or twenty year warranty on your roofing, but the GAF lifetime warranty covers your roof for life and is transferrable during the first 20 yrs when installed by a certified installer. It’s a warranty that’s seldom matched and one that Lions Roofing is proud to install on homes in Simcoe County and the surrounding area. During the first fifty years after installation, the warranty isn’t even pro-rated; that means if you need the roof repaired or replaced when it is fourty eight years old, you won’t have to pay a dime and the warranty will pay for complete replacement at the full market value you paid rather than at a reduced rate.

The lifetime warranty requires that at least three different GAF elements are used with the company’s premium asphalt shingles. This is easy to do because they carry a complete line of materials for roofing, including Deck Armor decking protection, a specialized leak barrier that’s designed to keep out moisture during even the worst weather, professionally designed starter shingle strips that discourage blow-off, exhaust vents that keep attic temperatures and moisture levels in line all year round, and beautiful ridge cap shingles that protect your home from leaks along ridges and peaks.

GAF asphalt shingles come in a wide range of styles, colors and textures to suit any home. Combined with the limited lifetime warranty, the superior quality and beautiful styles available, there’s no question that they are an excellent choice for your family home.…

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10 Tips for Investing in Real Estate

Would you like to arm yourself with the 10 best tips for investing in real estate? You will be able to avoid making mistakes that a lot of new investors do, and also some by veterans. Read on for more information.
Tip 1 – Research on the property you want to buy. Do some checking on the property values, inspect the property, and go and check out the location itself if able. Nothing is worse than paying for an unsavory unit at a bad location.
Tip 2 – Always make clear your offers. Don’t assume that people will not be willing to accept, and if you do not try asking you will never know, will you?
Tip 3 – Always increase your network of buyers and sellers. Just because you have many prospective customers or leads, it doesn’t mean that your deal will close with them, so, always make friends.
Tip 4 – Consider all your available choices. For example, if you have a property in mind, why must you only rent when you can consider buying it or leasing? Or how about a deal which looks great for an overhaul/rehab, but a wholesale might be a safer option. Always look at all your given choices and then make up your mind, on which one would be the most lucrative and good option.
Tip 5 – Surround yourself with positive people. Nothing is worse than negativity bouncing off you when you are going through the whole property buying process, as these people will probably give you a tough time. People who appreciate and value your work will want to work with you and it is definitely simpler dealing with them.
Tip 6 – Do not hesitate to ‘Walk Away’ from a deal when needed. If the buyers or sellers are being tough and making things difficult, and want things done their way, just ‘walk away’ in closing. They will come back to you if they really need your services.
Tip 7 – Make your investment tactics varied. Do learn all you can about different tactics: wholesale, assignments, house flipping, lease and purchase, and others. Once you have all the tactics down pat, you can be sure you will also be earning a lot more.
Tip 8 – Always have a contingency plan. Make sure that you have a backup plan, that’s always the best decision to take, as we can plan, but things don’t always go the way we plan. To earn a little is still earning, even if it does make your profit margin smaller, making something is better than making nothing at all.
Tip 9 – Budget, Budget, budget. Always stay on your allocated amount, or even better, UNDER it! There are always unexpected costs in real estate, for example your air conditioning unit could need fixing, a roof leak, a sudden inspection for your building, and other costs such as marketing and closing.
Tip 10 – Make sure your investments are wise. When receiving a deal, do consider the pros and cons, and research as much as you can about it. Remember that there are a lot of deals out there and don’t just settle for any deal which lands on your lap. A good investor will have a mindset that knows about the varied deals in property.
That said, it is also a good tip to know what are the things that we should not do in this exciting field. Do check out the other tips because knowledge is the key to growing.…

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Skin Care Tips That Won’t Break The Bank

Real estate is purchased for many reasons today. Some people purchase a house to make into a home, while others purchase buildings for rental purposes or to renovate and sell at a profit. There’s a demand to buy property without losing money or falling for scams. Now is the time to start. The following hints and tips can help you make a sound real estate purchase.

You need to stay moderate when you are dealing with real estate purchases. Do not be too extreme with your offers. The worst thing to do is be aggressive with the price. Firmly establish the basic deal you will accept, but let professionals take care of the details. Your lawyer and the Realtor or experienced in these things, and will probably negotiate a better deal than you could.

Be flexible about the choices you have to make. You might not have the ability to afford the optimal property in the right location. If you can’t find a home in the perfect neighborhood with all your amenities, find one with the amenities in a different neighborhood.

If you want a great investment in buying property, you should think about repairing and remodeling it. The value of your property will go up quickly. In many cases, the value of a property increases by a higher amount than the actual improvement costs.

It is vital that you know about the common terms found in lending when you purchase your house. Understanding these mortgage terms will avoid later confusion regarding the amount of the monthly payment as well as the total coast paid over the lifetime of the loan.

You will know what the seller is asking for a home you are considering buying, but you still need to determine your own offer. With help from the seller, you should be able to settle on a final selling price you are both happy with.

When making an offer on the home you’re interested in, ask the seller about financial incentives and closing costs. A seller is commonly asked to make a temporary buy-down on the interest rate. However, if you add financial incentives to the offer, a seller will be less likely to negotiate the selling price.

Don’t purchase a house that has a fireplace anywhere other than the living room, unless the climate makes it a necessity. Learn more about fireplaces and find out how much getting one cleaned regularly costs before making your decision.

If you are buying a foreclosed home, you should assume that it will need repairs. If you decide to buy one of these bargains, be sure to get a thorough inspection done before purchasing it. Many foreclosed homes that are on the market will need to have new HVAC systems put in, and may also have pests.

Now you have seen why buying real estate is a popular investment. There are many different ways to go about doing it, which is very helpful. You can also research and purchase appropriately using the wealth of information. By taking the tips from the article you read here, you are now on the path towards buying the property that fits your needs.…