Our property is paid for, construction loan appraisal comes in at 220k, home is built and the finished appraisal comes in at 170k. arbitrated only to come back at 170k. Lender will only lend 90% of appraised value. If builder refused to lower price of home and property owner does not have enough cash for
difference, what are our rights?... more
Remember people pay for what they don't know, so getting your education is very important in California. And while you are getting your education don't stuck in a single lane because this is the land of opportunity, especially in Real Estate...
I didn't realize that I really never need money or credit until I ran into this company (http://cipgroup.biz) who has help me whole bunch on my property development projects. Their website walked me through process from beginning of fixer up to the end of flipper out.
Out here it's not always what you know to earn a six figure income, most of the time with or without your education, it's WHO you know. Keep this mind, "YOUR NETWORK = YOUR WORTH" ! ! ! So, make connect with the best of the best and allow God to continue lead your path to success...
One of the biggest decisions you'll make as a landlord is whether you should hire a property management company. Many landlords manage properties on their own or with the help of an employee, such as a resident manager. But sometimes landlords need more help, and that's when a property management company might make sense.
Both of the two companies are good and both useful. Nowadays, most of the tenants/landlords are using apps and tools that is very useful, safe and efficient on their part.
I have notice that one of the best apps or tools in property management is Rentigo.com , it is easy to use and safe, pay anywhere and anytime, update bank balance in the next banking days and for your convenience.... more
In running a property management company, you must consider the factors like the money charging if that is proportion to the property, not enough staff, too many distributed units, no repeatable systems in place, no dedicated leasing agents, no dedicated bookkeepers and some other factors that can affect the decision making.
I suggest to visit and try this apps or tools Rentigo.com for you to have an idea on how to manage your property easily and safe. This apps is very useful, free to use and for your benefit.
What is your credit score? If it's under 700 and you don't have a lot of assets I would wait and work up to a better financial situation to enter home ownership. Granted I am conservative (financially), but I do believe if you're purchasing a home you shouldn't have any major debt. Low to zero credit card balance,
modest car payments-- but preferably no car payments, and student loans paid off or close...... more