Real Estate Information

Can I Sell My Private Mortgage Notes?


In this country millions of homes are sold every year. In most cases buyers go to a bank or finance company to seek mortgage financing.

How to Prequalify a Buyer When You Sell Your Home By Owner


Before we get to the math there are a few terms you should understand.  The first is PITI which is nothing more than an abbreviation for "principal, interest, taxes and insurance.  This figure represents the MONTHLY cost of the mortgage payment of principal and interest plus the monthly cost of property taxes and homeowners insurance.  The second term is "RATIO".  The ratio is a number that most banks use as an indicator of how much of a buyers monthly GROSS income they could afford to spend on PITI.  Still with me?  Most banks use a ratio of 28% without considering any other debts (credit cards, car payments etc.).  This ratio is sometimes referred to as the "front end ratio".  When you take into consideration other monthly debt, a ratio of 36-40% is considered acceptable. This is referred to as the "back end ratio".  

Purchasing Property With No Money Down: My Personal Experience


Have you ever seen those infomercials about buying houses with ?No Money Down?? They are really well done. They have all kinds of people offering great testimonials about how they have gotten rich, buying rental properties, with absolutely no money out of their pocket. You see this guy, standing on a street corner, talking to someone, and he says, ?I own that one,? pointing to a beautiful colonial. ?I also own that one next to it, and the one two doors down, and I?ll be closing on the one directly across the street from it, next week.? He then assures us that he has purchased 17 homes in the last eight or ten months, with zero money down on the properties. Plus, in many cases he?s also paid no closing costs.

Budgeting Your Log Home: Where Do You Start?


The Log home industry has matured these last many years, but there is still a lot of confusion about how much a log home costs. Naturally, everyone wants to know the cost of the log package; however, the budgeting only starts here. If you are shopping for a milled log package (as opposed to hand-crafted, which is a totally different category), the difference between one manufacturer's price and another is minimal when compared to the total cost of the structure. Here are some reasons why:

How to Get Financing after Filing Bankruptcy


If you're thinking about buying a home but have declared bankruptcy in the past, don't give up hope. There are still ways for you to be able to find a loan, even if your credit history is less than sterling.

Joint Ventures In Real Estate Development; So How Do They Work?


There are many reasons why you would consider joining with another person to undertake a development project in Joint Venture.

How to Price Your Property?


A house properly priced is half sold. But there are plenty of ways to price it improperly.. * You can't go by what you paid for the place. Perhaps you bought two years ago when local prices were skyrocketing, and things have cooled off since. Perhaps houses like yours can now be bought for less, and if you hold out for what you paid, you'll just waste your time.. On the other hand, perhaps prices in your area have taken off, and you'd short-change yourself if you just tried to "get my money out" (but you'd have a fast sale.). * You can't go by how much you've spent on improvements. A given street will support only a given price range. If you've invested so much that yours would be the most expensive house on the street, the buying public is not likely to reimburse you.. * You can't go by your tax assessment figure. Even in communities that aim at full-value assessments, the figures are almost never in line with what buyers are currently ready to pay.. So how do you price your house?. By putting yourself in a buyer's shoes.. What else is for sale in the area? How does it compare with your house? How long has it been on the market? What has sold recently, and how much did the buying public value it at? What has failed to sell in the past year?. Any good broker can furnish the data you need, often in the form of a chart known as a CMA, Comparative Market Analysis. . And once you have it, again think like a buyer. What price would it take for you to look at a list and say to an agent "Take me to see that one"?.

How to Make the Real Estate Market Work For You and Get The Most Money


How to make the Real Estate market work for you and get the most money.

Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced Properties Are Available...


Cheap, Bargain, Real Estate; Good Deals, Below Market, Low Priced properties are available if you know how to buy them.

Real Estate: Reasons and Priorities for Purchasing Property


Real Estate: Reasons and Priorities for Purchasing Property.  It?s not just about Real Estate as an Investment.

A Powerful Suggested Technique for YOUR Home & Property Search


A Powerful Suggested Technique for YOUR Home & Property Search

Horses In My Back Yard


Horses In My Back Yard

How To Give Yourself A $20,000/Year Raise Without Asking Your Boss


Why without asking your boss?

How Do I Implement The Lease Purchase Plan?


Well, as we have discussed in previous newsletters first you have to set up goals for yourself, both long term and short term. Don?t forget these goals define how your business is run. They will determine what you do on a daily, weekly and monthly basis. The best way to do this is to picture yourself a year down the road. Close your eyes and get a mental picture of where you want to be, what you want to have, how you want to look, then open your eyes and write all that down on paper or speak into a voice recorder.

How I Became a Real Estate Investor


Recently I closed on the sale of two homes. They were located about a mile apart and had comparable market values. However, beyond these two similarities, the two deals were very different from each other. Let me discuss in more detail the similarities and differences of the two deals.

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South Bay commercial real estate market heats up
San Jose Mercury News
By George Avalos Silicon Valley developers are racing to erect office and R&D buildings to meet a fresh surge of expansions by tech companies that's turning the region into a commercial real estate boomtown. Last year, the South Bay added about 26000 ...

and more »


REAL ESTATE: Refinancing program expands for Fannie/Freddie borrowers
Press-Enterprise
With the changes that are expected to make the program much more effective, the program is being called HARP II by those in the real estate and mortgage industries. Probably the most significant improvement is that it lifts the ceilings on the amount ...

and more »


Local real-estate developer shares his love of Mardi Gras
Houma Courier
Local real-estate developer SP LaRussa walks through the Krewe of Hercules' den making sure that the krewe is ready to roll Friday night. By Eric Heisig Local business owner SP LaRussa, 70, is known to many as “Mr. Mardi Gras†around this time of year.

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Boise real estate market turning around? Realtor.com thinks so
Northwest Cable News
Local real estate agents say lately they've felt a turnaround. "I'd call and say, 'Is it still available?' And they'd say, 'We just got an offer,'" said Jennifer Hickey, a realtor for 43 Degrees North. Hickey says that's happened a handful of times ...

and more »


Real estate lawyer charged in 2010 fraud scheme now accused of stealing $75000 ...
SILive.com
By John M. Annese STATEN ISLAND, NY -- A real estate lawyer already facing prosecution in a Brooklyn mortgage fraud scheme now stands accused of stealing a $75000 down payment from a Staten Island woman who was selling her house.

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Monmouth Real Estate Investment Corporation Reports 1st Quarter Financial Results
MarketWatch (press release)
8, 2012 /PRNewswire via COMTEX/ -- Monmouth Real Estate Investment Corporation (the Company) /quotes/zigman/234464/quotes/nls/mnr MNR -0.21% reported funds from operations (FFO) of $7450000 or $0.20 per share for the three months ended December 31, ...

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Facebook millionaires might drive up real estate prices in the already ...
Economic Times
But the mere anticipation of the event may pour a little kerosene onto what is already a fairly hot local real estate market. When Ken DeLeon, a Silicon Valley real estate agent, recently sold an 8000-square-foot house to a Facebook employee, he said, ...

and more »


Houston-Based Real Estate Developer Closes More Than $75 Million in Healthcare ...
MarketWatch (press release)
Medistar Corporation is a full-service real estate development company that specializes in the design, development, financing and construction of healthcare real estate. The company focuses on medical office buildings, integrated medical plazas and ...

and more »


Alexandria Real Estate Equities' CEO Discusses Q4 2011 Results - Earnings Call ...
Seeking Alpha
Good day ladies and gentlemen, and welcome to the Alexandria Real Estate Equities Incorporated Fourth Quarter and Year End 2011 Results Conference Call. My name is Tisha, and I will be your operator for today. At this time, all participants are in a ...
Alexandria Real Estate Equities, Inc. Reports Fourth Quarter and Year Ended ...MarketWatch (press release)

all 3 news articles »


SmartTouch Interactive Launches New Lead Adapter to Integrate with Third Party ...
EON: Enhanced Online News (press release)
AUSTIN, Texas--(EON: Enhanced Online News)--SmartTouch® Interactive, an interactive real estate marketing agency and real estate marketing automation and CRM software development company, today announced that it has made available the new Smart Lead ...

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