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Property Search

Real Estate Finders Fees – The Way to Make $100,000 a Year From Home With Unclaimed Property

Heard of the “found money” business? Working as a money finder is becoming more and more lucrative due to the global economic situation. Most money finders work the State Unclaimed Funds Division’s unclaimed property, and are able to charge up to 15% per transaction. If that sounds good, you’re going to love this: some real estate finders fees can be up to 50% (or more), and few money finders know about them.
Real estate finders fees, in this case, come from (logically) real estate created overages. These stem from things like tax foreclosure and mortgage foreclosure, as well as from missing pieces of probate cases and the like. Real estate overages generally are the funds that were overbid when foreclosed properties were sold at auction. Depending on the state, these overages are held for the former owners to collect. But as you can imagine, these folks become good at ignoring notices from the government regarding their delinquent property and generally miss the notice informing them of the overage.
If you can find these funds, and find their owners, you’re legally able to charge 50% or more in real estate finders fees. This is because these funds aren’t held by the state, and thus aren’t subject to state laws. Overages typically range from $2,000-100,000 or more. That means you have the potential of making a $50,000+ paycheck from one transaction.
And from an altruistic vantage point, you’re also helping these former owners not lose the equity they had in their home when it was sold at tax or sheriff’s sale. Most have no idea where they could be due money from, and will lose all of it if someone doesn’t step in. 50% of something is better than 100% of nothing, so don’t have too much of a moral dilemma when considering pursuing this as a career choice. 9 times out of 10 owners are nothing but grateful for your assistance.…

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Contractor House

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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Contractor Service

Reasons For The Growing Demand OF Noida Residential Property

Invasion of vacant areas, particularly around the area of Noida and Yamuna highway has resulted in a low cost residential property in the city. Many trustworthy real estate and construction groups like Jaypee, Ajnara, Mahagun, Amrapali, Assotech, Stellar, Logix, Paras, Supertech and others have launched their world-class projects in the city.

Delhi Public School, Amity International School, Ryan International School, Apeejay School, Army Public School, Central School, Convent of Assisi, DAV Centenary Public School, Bal Bharti Vishwa Bharti, Jaipuria Institute of Management, Noida Institute of Management Studies, Asian School of Media Studies, BBS Institute of Management Studies, Centre for Management Technology, College of Management Studies, Galgotia’s College of Engineering & Technology etc are some of the prominent schools colleges located here.

Residential property in the city is also growing due to the best shopping available in Noida Sector 18 market and other areas. Sector 18 and shopping centers like Center Stage Mall, Great Place India, and the mall: Sat, shopping center and spice trade center Shopprix has a range of clothing and jewelry brands popularity. The city also has multi-screen cinemas and waves PVR Cinemas. Markets and shopping centers here also consist of the famous chain of national and international food and restaurants. The many renowned hotels are present here like Radisson, Mosaic, Park Plaza and Nirula.

When it comes to employment opportunities in any domain, for example, manufacturing, IT, BPO, retail and marketing, the city is in and around many national and international companies. IT companies such as CSC, Patni Computer Systems, Tech Mahindra, HCL Technologies, I-Gate, etc. have large offices spread all over the region. Noida Industries are full of small and medium industries that make use of all kinds.

Besides all the above benefits, affordable health care and best of Fortis, Kailash, Max, Metro, Prakash, Prayag and other hospitals also have a good reason to buy a flats in noida expressway. With the ease of Metro Rail, its residents can travel to any part of Delhi and Gurgaon and the other major cities namely NCR, Faridabad and Ghaziabad also within easy reach by road. One can get to South Delhi via DND Flyway in minutes.

There are many new projects and properties for sale in Noida to full fill the growing demands. This is perhaps the best time to make an investment in real estate in this region, as you can get the best place in approximately any new project. A property is always the cheapest when developing a smart investor and continues to take this opportunity. When you buy a property in its development stages, you get the benefits of best places in the lowest prices.

If you are planning to buy residential property in Noida, than you can go to Paras Buildtech, a renowned real estate owner of this IT city. This is a company that has effectively completed many real estate development projects in the past. There latest offering is Paras Seasons in Sector 168. This project has the advantage of being backed by the company with a good financial back up. The project is in its early stages and you can choose exactly what you want in terms of location and size of your property. The project itself has a great location and is well connected.…

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Commercial Real Estate

Facts to Consider Before Hiring A Property Inventory Clerk

Hiring a property inventory clerk is of excellent importance. Millions of landlords have previously benefited from this service. However, not everything is ideal and this applies to inventory clerks as well. You may encounter extremely professional clerks that have everything in order, but sometimes you might run into ‘not-so-helpful’ ones too. To ensure that you are hiring the services from the best ones out there, you have to spend some time on exploring and evaluating several factors. Once you know these aspects, you can surely create a well-informed and also confident selection.

When you are out searching for a property inventory clerk, start from searching on the internet. On the internet, you can find useful details about many clerks within your area. Also, you will some with good customer reviews, which it is possible to read to understand the aspects that make an inventory clerk better or even worse. Make sure to verify how everything is documented by the clerks, how several years the company/firm has been in business as well as how successful they have been in the past. Check whether the company provides any added features, such as photographic records, energy performance evaluation, etc.

Once you’ve confirmed the above mentioned information, go for personal assessment of the clerks. Talk to one or two and see whether they seem professional enough in the manner they talk. If these people sound convincing to you, that’s the first sign of their comfort with the job they do. You may even go to their offices immediately and satisfy some property inventory clerks in person to see if they satisfy your desires. With a few questions, try assessing the information of the clerks in their profession.

Talk to the selected property inventory clerk in regards to the way of documenting as well as presenting the proofs. Go by way of a few records that he/she already has. If you believe everything is recorded expertly and orderly, that’s another good sign. Discuss the charges for the service and also negotiate as much as you can. Getting quotes from more than one inventory clerks is a good way to avoid unneeded expenses.

Finally, if you are a landlord going to rent out an unfurnished property to your tenants, do not disregard the value of a property inventory clerk. Keeping in mind that your flooring, walls, curtains, blinds and also all fixtures are contained in the inventory list, you should not overlook the value of these kinds of useful service. Remember, the chances of having a clash while claiming damages are higher when there is no appropriate inventory record. If there exists a neutral middleman who has things documented in written and photographic form, it will be lot easier for you to claim the damages.…

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New Homes For Sale

Breaking Even on Your Second Property Investment

Among all types of investment opportunities available to the average class citizen, real estate investment is certainly among the safest and most profitable on a long term period.
But owning a second property for the sole purpose of your personal week-end getaway is far different than renting it out all year long to break even with your mortgage and other property related fees.
But wait a minute… What if you can do both?
After the real estate price increase in recent years (year 1999 and up), paying your whole annual expenses with your rental income may be a tough thing to pull off these days. But with a good (business) plan and a solid cash flow management, you may certainly be able to get the best out of both worlds!
I will try to demonstrate the typical calculation one should go through when considering a vacation rental investment. The breakeven formula here is what will help you with your cash flow management. This study is based on a year round analysis, do not omit to create a monthly or even weekly follow up of your income and expense progress to avoid money shortage during your low season.
All expenses related to the property = All rental income
A typical vacation rental should cover all its expenses if rented for an average of 14 to 20 weeks a year. Note that an average American vacation rental has an occupancy rate close to 30%, if you stick to this rate and have a fair rental price you are on the right track.
This numbers are based on the following parameters:
Mortgage: Your annual mortgage payment (capital and interest) should be between 6 % and 8% of your property’s initial value. For instance, if your property worth 200 000$ your annual mortgage is between 12 000$ and 16 000$.
Insurance: No specific amount can be specified for second property coverage due to numerous factors involved in the pricing of insurance premium.
Furnishing: Include all furniture that you need to properly rent your vacation rental.
Cleaning Fee: This will typically depend on your property’s rental turnover (usually weekly). Besides periodic housekeeping, a major cleaning should be planned at least twice a year, ideally before and after your high season.
Maintenance: These fees include annual upkeep as well as incidental issues of your property (road maintenance, landscaping, pool cleaning etc.). If you can’t maintain your property yourself, a property management firm is most. Also, do not forget to include the depreciation of future restoration or repair you are planning or MUST do in the future in here
Municipal taxes: Depends on the region.
Note: I suggest keeping a reasonable security fund in case of emergency.…

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Homes For Sale By Owner

What Are The Main Reasons Why Property Owners Elect to Put in Insulation in Their Houses

Home insulation is among the most essential, yet normally disregarded, factors in a home. Nearly all home owners don’t understand that insulating their properties can help them keep energy and cash when appropriately fitted.

A home is a vital commitment for you personally. Consequently, it’s only appropriate to be certain that it is reliable, comfortable and energy-efficient. Without correct property insulation, householders can experience a wide array of house concerns that can undermine the protection and comfort of the over-all family group. Here are several of the concerns that you may come across when your home is improperly insulated:

The home gets cooler more quickly. Largely all people know that home insulation can adequately lower energy consumption in the house, although only few discover how much variance it genuinely makes until they’ve lived through an insulation-free household. If your property is not appropriately covered, warmth is likely to escape faster, particularly through the walls and the loft. Investing in a cavity wall and loft insulating material allows high temperatures to last longer which results in consistent temperatures all throughout the home. It also decreases the need to leave the heating system on constantly. Gas heaters perform especially well with home insulation.

The household is not energy-efficient. If your home has no insulation, you will have to keep your heater or cooling system on to be sure you continue being warm continuously. Leading to higher energy use and electric bills. Home insulation helps you utilize your heating and ventilation system considerably less, and keep your home energy-efficient- this indicates lower energy bills and a more content place to live.

Environmental noise can be a hassle for you. For anybody who is residing on a hectic street, disturbance can be a serious problem. The most effective fixes is to set up a useful insulation system. Home insulation can adequately block noise from coming into the house. It reduces disturbances from getting out of the home as well, meaning your privacy is not compromised.

Dampness and condensation is likely to spread out and get more serious. These issues come about when warm air hits cool surfaces, and then converts vapor into liquid. Moisture could cause a wide selection of other issues like conform, mildew and even framework troubles too.

Aside from these issues, there are various other reasons why you ought to have your house insulated. One of which is that it increases the market value of your property. The chances of you getting a greater mortgage improve too. Plus, it prevents future troubles and will save you more money in the long run.

If you are intending on fitting insulation, it’s crucial to research the subject and get as much information and facts as you’re able to. Don’t neglect to make comparisons too to help you determine which company offers the best answer to your residence problems.…

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Home For Sale

Landlords – Follow These 4 Tips to Avoid Problem Tenants in Your Rental Property

Many landlords use first impressions of a potential tenant to determine whether or not to accept their application. Difficult tenants are acutely aware of this and are experts at putting on a good show when meeting a landlord for the first time. Dealing with problem tenants is the number one reason landlords burn out and get out of the real estate investing arena. Follow these 3 tips and you will be able to avoid problem tenants in your rental property.
Rental Application
Every prospective tenant should be required to complete a rental application. The application should include their current and two previous landlords name and contact information. If the prospect is a problem tenant, their current landlord will probably lie about them to get rid of them. For this reason you should contact their two previous landlords to get their feedback on the applicant. The application should include the employer’s name, manager’s name and phone numbers. You should contract them to verify that the employee works there and the reported income on the application is accurate.
Proof of Identity
Get a copy of the applicant’s driver’s license. This proves that the name on the application is the person submitting the application. Problem tenants are more likely to use someone else’s name on a rental application. Their best friend may have a positive reference from past landlords so problem tenants will take advantage of this by using their name on the application. By having a copy of their driver’s license you can confirm the license matches the person in front of you as well as the name on the application. If a prospect refuses to provide identification then you can refuse to rent to them.
Credit Check
Landlords should always perform a credit check on every applicant. Your rental application should have a notice stating that you are going to perform a credit check and the tenant needs to sign this request. You application should also request their Social Security number which will be required to run the credit report. Failure to pay rent usually runs hand in hand with a failure to pay other financial obligations. Checking a credit report can give you an early warning detection on whether or not an applicant could be a potential bad tenant.
References
Require all applicants to provide three references with their contact information. Contact each of these references to get their feedback on the potential tenant. References are invaluable for providing input that can be used to determine whether or not to accept an applicant. Applicants with less than stellar backgrounds will usually have this revealed when talking to references.
Avoiding problem tenants is key to survival as a landlord. Follow these 3 tips and you will reduce the number of problem tenants and improve the probability of succeeding as a landlord.…