In Kenny Rogers’ song, the “Gambler,” he says, “Know when to hold ’em, know when to fold ’em.” Even though he is singing about gambling, these words are so profound for real estate investors whose primary investment strategy is to find, fix and sell houses for a profit.
Despite her lack of education, marketable job skills and employment prospects, the court wrongly denied her alimony, even though her husband’s monthly income is almost 12 times her. The failure to award alimony is also contrary to the best interests of the children, her attorneys contend. Without alimony, she cannot afford to buy another home in the neighborhood where they have grown up, have friends and go to school.
And don’t think that the house was a “clean” sell. Nope! According to the Spring hill Homes for sale for the property, Costa Panos, the home was stripped. In other words, furniture, light fixtures and appliances were stolen. There are even pictures that prove the allegations of theft “by stripping”. And the story gets even better. Apparently, Sheree is saying that her “acquaintance not friend” stole the property and she has proof including snapshots of this acquaintance who calls herself a business consultant. The woman was identified as Sheila Rashad. Whitfield says the damage teeters around the $200K mark.
Without a question this is one of the most important aspects in selecting a great realtor. I’ve come to notice that a lot of people think that real estate agents make a lot of money and that it is a short cut to becoming well off. So as a result, a whole bunch of people get their realtor license for the wrong reasons. They have “hopes” of getting a 5% commission on a $1,000,000 house ($50,000). The truth is, being successful at anything requires a lot of hard work and dedication no matter what business you are in. Real Estate is no different – in fact, about 20% of realtors do 80% of all real estate transactions (within a particular geographical area).
What makes it even more frustrating for many is that the super-tight lending guidelines have stopped many families who would like to buy homes. As a result, rental homes are in high demand and rents are rising.
I get most of my property leads from wholesalers because they know my investment profile. So once a legitimate lead comes my way, I have to decide what to offer on the property.
You may have a prepayment penalty on your mortgage. You will usually have to pay this prepayment penalty. This can often be thousands of dollars or more. A prepayment penalty usually lasts from one to several years. Check to see when your prepayment penalty expires. You may want to sell after that. Also, there are two kinds of prepayment penalties: hard and soft. A hard prepayment penalty is charged whether you refinance or sell a property. A soft prepayment penalty is only charged when you refinance, and not when you sell a property.