Real Estate

Campfire Ingenuity: Tips on Buying, Using, and Safety Precautions

I know you’ve already felt it: a coolness settling into the summer night and the darkening of our faithful blue sky arriving earlier and earlier. With summer coming too fast with a cool fall close on the way, it’s time to light up the fireplace and prepare for increasingly colder temperatures. But don’t start knocking down the hatches just yet! With the increasing popularity of outdoor fire pits, you can stretch out your summer and fall nights in comfort, and enjoy the beauty of nature a little longer and a lot warmer.

Now… how do you know what type of fire pit best suits your needs and lifestyle? Should you use wood or gas? What shape or design should you look for? And more importantly, how can you ensure that your new outdoor roasting fire is maintained and used safely? A fire pit isn’t exactly a fireplace or campfire: it’s a different animal entirely. That’s why we’ve included important tips for differentiating between types, shapes, functions, and costs, as well as crucial safety tips for your fire pit.

· Permanent or Portable?

Before you even start researching outdoor fire pits, you should first check the city or area ordinance to make sure they allow fire pits, what type of fire pits, and what the safety parameters are. Once this is done, your first step is to decide if you could benefit more from a portable fire pit or one that is permanent. Portable fire pits are usually made of light metal (Mexican chimneys are made of clay or cast iron) and have a round design. These come on wheels for easy activity on the go, as well as for use on the patio or in the backyard. With this versatility, you can move your fire pit to the deck, patio, different areas of the backyard, or garage with ease. Another invaluable advantage is that you don’t have to leave the toasty heat at home. Take it to the truck or sport utility vehicle for the annual camping trip or take it on a road trip to a tailgating party. Because laptops are made from lighter materials and require no installation to use, they’re the most cost-effective and hassle-free way to beat the post-summer chill—both on the road and in your backyard.

The permanent fire pit (or specifically designed garden or patio fire pit), also known as a stationary or custom fire pit, is made of stone, brick, rock, or concrete; and for most, they are the most aesthetically pleasing addition to a patio or backyard. Custom built fire pits should be elevated 1-2 feet off the ground and have a mean road diameter of approximately 36 inches for wide use and safety. Like portables, you can choose between wood or gas to heat your desired area, but most products are energy specific, so be sure to double check before you buy. In general, custom-built fire pits are much more expensive, due to the professional installation, attention to design, and strong, durable materials required; but it will last a lifetime (with proper and regular maintenance), and will certainly provide an equity increase in the value of your home.

· Design and Form?

The design and shape of your outdoor fire pit usually depends on whether you opt for portable or stationary outdoor fire pits. Most of the time, laptops will be made of metal or copper, have a large round bowl design, and will sit on a metal stand. The wood will sit in this container, or if you opt for a gas connection, ceramic logs or faux coals, and the removable protective screen will sit on top. As mentioned above, laptops are more about function than design, so your options are somewhat limited. Fireplaces also fall under the portable category, looking like an old-fashioned wood-burning stove, but because they’re smaller and allow much less heat to radiate, they’re less practical. Custom or permanent fire pits, on the other hand, come in a myriad of shapes and designs, due to the fact that you are installing the unit professionally. You can typically find these devices in round, square, or rectangular configurations depending on your choice of material (brick, stone, wood, or concrete), and they come equipped with a built-in steel mesh liner and metal cabinet doors for added enhancement. protection when not in use.

· Firewood or Gas?

Both portable and permanent fire pits will require wood, gas, or both. If the fire pit you have in mind prefers wood exclusively, it is very important to find out what kind of wood. Some fire pits will burn regular logs exclusively (aged wood is always the best choice over new or green wood), so you’ll only buy the same type of wires you would buy for a fireplace. To avoid safety hazards and general maintenance of your fire pit, you should never attempt to burn plywood or fire logs (paper wrapped quick igniters). The reason is; that because the logs are made from sawdust materials, they will burn more than a hand-built fire pit for kindling can handle. However, some fire pits will offer the versatility of burning kindling, plywood, and logs; in its security specifications. Just remember that unlike regular wood, only one log should be burned at a time. Also keep in mind that if a fire pit’s specifications allow hardboard, it will be able to burn somewhat comparable logs. The alternative to a wood fire is a gas connection. Gas will burn cleaner than wood, uses ceramic logs and faux coals, and can give you an almost real look and warmth for your driveway or patio. The only problem with outdoor gas heating is that it requires closer and more constant attention, due to its unlimited supply of flammable energy.

· Costs?

Cost is always an important factor to consider when looking for an outdoor fire pit. Portable fire pit units are the simplest and most cost effective solution for your outdoor heating. Depending on the different features and supplies that the portable comes with, it will typically range from $150 to $500. This is due to the fact that your portable fire pit is built with lighter weight and therefore less durable materials for easier carrying. transport; and it doesn’t require the costly installation of a permanent or custom fire pit. Portables are the perfect investment for people who want a low-maintenance, outdoor fire; but you can’t afford the solid structure of a custom build, or have yet to find a relatively permanent home to properly reap the long-term benefits. Custom or permanent fire pits will require sturdy, all-weather materials such as stone, brick, concrete, or wood; and generally require a space in your backyard that is 15 to 20 feet wide. Due to their lifetime tenure and the variety of backyard landscaping needed, professional installation is labor-intensive and can cost you thousands. However, it all comes down to your particular situation. For most homeowners, lifetime durability and projected use generally outweigh the cost. But if cost is an issue, portables are the quick, easy, and cost-effective solution to your outdoor heating whims.

Safety Hazards and Precautions

We all love a good fire, but it is crucial to remember that it is a fire; And if we don’t take proper safety precautions and adhere to specific fire hazards, your fire pit could get out of control, leading to property damage, illness, and possibly death.

  • Always follow the manufacturer’s and professional installation expert’s specifications and guidance for which power source to use.
  • Fire pits should not be used on apartment buildings or decks on multi-unit homes due to clearance issues.
  • Make sure your perm is installed a good distance from your home and anything combustible (usually your installer will automatically mention this common sense issue, but if not make sure you have a good ten foot clearance) .
  • Be sure to place your portable fire pit at least ten feet from the house, multiple backyards, and trees—anything combustible, that is. Also, with portable fire pits, you need to assess the location based on wind patterns and therefore where the smoke will blow.
  • Don’t overfill your fire pit with wood or wood substitute; or conversely, excess gas. Keep the fire small, contained and manageable.
  • Always use a screen cover to keep sparks and embers at bay.
  • It is necessary to take into account how low to the ground your fire pit is. Raised 1-2 feet from a non-flammable surface it will keep a small to medium fire at a safe distance, but remember this is the perfect height for unsuspecting and curious children and pets so close supervision is crucial.
  • Always make sure your fire is completely extinguished before you let it run wild. Even with the proper safety distance, a spark can become a raging fire in a split second and reach every corner of your deck and backyard in no time.
  • It is also essential to get a fire extinguisher, because otherwise you are playing with fire.
  • Real Estate

    Why a good bartender has the skills to be a good real estate agent

    Some people start their real estate careers right out of high school or college, but most get into real estate after doing something else. Some have retired and others are just looking for a change of pace.

    When I write agent biographies, I always look at those past careers to see how they might tie into real estate sales. Often past experiences can reinforce the skills the agent wants to emphasize.

    Some past races make the transition more difficult than others. For example, schoolteachers have to learn to listen for themselves after years of doing the talking. On the other hand, a good schoolteacher has the skills to educate buyers and sellers about the reality of today’s market.

    That’s a skill a bartender might not have, but I believe that good bartenders possess most of the skills necessary for a successful career in real estate.

    My definition of a good bartender is one who has a following: a person who is an “attraction” to the establishment where he works. They can make a good drink, but it’s their people skills that turn occasional customers into “regulars”.

    So what skills do bartenders possess that would make them good real estate agents?

    A good bartender knows how to listen. Just think of the time they spend listening to their customers. And while they may not have to listen wholeheartedly to everyone, they do need to pay close attention to their regular customers. Just like good real estate agents, they must pay close attention to their buyers and sellers.

    And then they better have A good memory. Not only does he (or she, of course!) need to remember what each person at the bar wants when they raise a finger to order another drink, he also needs to remember what to place in front of a regular customer when he walks in. And then he needs to remember what that person does, the names of her children, etc. Agents must remember personal information along with the wants and needs of their clients.

    A good bartender respects what the client wants – is not trying to suggest that something else might work. As an agent, you probably won’t show someone a house on a busy street if you’ve specified that you want to live on a quiet cul-de-sac.

    A good bartender can talk to people from all walks of life. and treat them equally. You should be friendly and nonjudgmental, except in the most extreme cases. And in those extreme cases you have to think and act fast without getting dazed. Good practices for dealing with surprise buyers and sellers sometimes arise in an agent.

    A good bartender knows how to keep information confidential. Good waiters can’t be gossipers. Can you imagine how quickly they would lose followers if they started mentioning that Mr. Smith came to have a drink with Ms. Jones, or if they mentioned that a salesperson from company X was involved in a long conversation with the owner of the company? Z? ? In real estate, it is imperative to maintain the confidentiality of client information.

    A good bartender has to have people management skills.. You need to be able to say “You’ve had enough” without turning a customer into an enemy. That requires a bit of finesse! This skill could translate well into the finesse needed when clients ask an agent to do things that go against regulations.

    So if you’re a bartender thinking about a change, consider real estate. You have the skills!

    Real Estate

    Technical Writing – Definition of Copyright and Redaction

    Definition of copyright and wording

    You can ask for a copyright or you can ask for some wording, but they are totally different things. In the first case, you are requesting a document that gives you the right to publish something. In the second, you are asking for a writing job. Writers often confuse them.

    Copyright

    A copyright is a legal document issued by the Copyright Section of the United States Patent Office. Establishes that the person named in the document as the author has the right to publish the written material designated in the document. That does not mean that the named person actually wrote the copy, just that he or she has the legal right to publish it.

    You don’t need to copyright anything. Legally, as soon as a person puts words on paper, they are protected by copyright, whether or not a government document was acquired. Practically, if you write something and I apply and get the copyright, it will be difficult for you to prove that you wrote it.

    From a technical writer’s point of view, it’s a little different. The law says that work prepared by an employee in the scope of his employment, or specially ordered or commissioned work, is a “work for hire” and the employer is considered the author. If you are paid to write something for someone else, you have no right to do so.

    In its correct forms, the word is:

    – copyright: the right to publish

    “She owns the copyright to that book.”

    – protected by copyright: the condition of being covered by a copyright

    “You can’t post that because it’s copyrighted material.”

    – copyright: the act of obtaining a copyright

    “I own copyright to this even as I write it.”

    There is no such thing as copyright or correctly written copy associated with this definition even though Microsoft Word Spell Check accepts written copy as a correct spelling (but doesn’t say what for), and written copy appears all over the Web instead of copyrighted.

    Drafting

    Copywriting is the act of creating copy or content. Generally, the term refers to writing in the sense of creating non-technical material. It’s different from the kind of writing that tech writers do. Some jobs that require copywriting are marketing brochures, magazines, newspapers, and consumer communications. If you are a writer, you could be a copywriter.

    bonds

    Here’s another comparison to watch out for. If you want to write plays, you want to be a playwright. Yes, that is correct. You have to write well when you’re writing about writing plays. We almost never use the right by itself. It is mostly used in compound words such as carter, carter, or carter. We see it a lot as a name; Frank Lloyd Wright or Wright/Patterson Air Force Base.

    Wright has the same story as Smith. A blacksmith was anyone who worked some type of metal with a hammer; blacksmith, tinsmith, silversmith. A wright was a craftsman who made something. The name of the occupation became the name of an individual.

    A person who does plays is a playwright. True, he may write them, but he’s not a playwright. I suppose you could argue that a person who writes copy is a copywright, but it’s not used that way.

    Real Estate

    5 things to know before deciding to wrap your car

    These days, almost everyone likes to roll onto the scene in their shiny new car. Even if you have an old car, you can paint it to experience the same effect. In fact, it can give your vehicle a new look. If you are looking for a better alternative, you can try vinyl car wrap. It will cost you relatively less than a paint job. In this article we are going to talk about 5 things that you should take into account before labeling your car.

    1. Cost

    When it comes to cost, it can help you save a few bucks depending on the desired notifications and other details. In fact, the cost will depend on your needs. If you are careful and set a budget, you can save a lot of money when choosing to wrap your car. On the other hand, if you want to do a lot of alterations, the cost will be about the same as a paint job. So you may want to keep this in mind.

    2. Maintenance

    Just like a paint job, you need to take good care of your vinyl car wrap, especially if you want to maintain the quality of the wrap. According to experts, you may want to manually wash your car at least once a week. Ideally, you may want to use a special cleaning agent for this purpose. It is not a good idea to use an automatic car wash, as it can damage the wrap.

    3.Sustainability

    If you’re careful, a car wrap can stand the test of time. Under ideal conditions, it can last up to 7 years. After about 4 to 5 years, the color and shine will begin to show the signs of age. In general, it is a good investment that can last for many years.

    4. Options/Variety

    Another great thing about car wraps is that it comes with so many options when it comes to placement, aesthetics, patterns, and colors. Apart from this, you can choose from many brands. You can also consider color changing schemes based on your personal preferences. Some types of vinyl look like leather, carbon fiber, and stainless steel. And then there are a variety of finishes, such as matte, semi-gloss, gloss, and satin.

    5. Paint protection

    Once again, wrapping your car offers protection for your car’s paint. In fact, it will serve as a barrier to protect your vehicle from the effects of the element. Apart from this, it will allow you to clean your vehicle more easily. For best results, be sure to choose the correct type of wrap.

    In short, vehicle wraps are a good investment. If you are going to wrap your car, we suggest that you consider the important things explained in this article. This will help you do things the right way.

    Real Estate

    Single, joint or multiple agency?

    Many clients I meet with on appraisals know they can use one or multiple real estate agents. They also know that using more than one agent could cost them more in fees. What they may not have considered is the fine print of each type of agreement or the relative merits of using one, two or many agents. Here’s our short guide to each;

    single agency

    Contracts of this type must say the following:

    ‘You will be responsible for paying us a remuneration, in addition to any other agreed costs or charges, if at any time, the unconditional contracts for the sale of the property are exchanged:

    •with a buyer introduced by us during the period of our exclusive agency or

    •with whom we had negotiations about the property during that period, or

    •with a buyer introduced by another agent during that period.’

    The agent is paid if he “introduces” a buyer during the contract period, or if he allows another agent to “introduce” a buyer within the original agent’s contract period. The definition of “introduced” is very broad. It can cover negotiations with a buyer, visits, sending details, phone conversations, and all of these scenarios:

    •A buyer knocking on your door upon seeing a “for sale” board.

    •A buyer who sees through one agent but then makes an offer through another agent.

    •A buyer who is given details of his property by an agent and later realizes that he knows him.

    •A buyer who sees through an agent but suggests they do a private deal

    Contracts must have a set period of time (average is 12-14 weeks). Keep in mind that a contract almost always has a notice period at the end – add this to the stated length of the contract to calculate the actual amount of time you will be attached to your chosen agent. This type of agreement allows you to find a buyer for your home yourself without paying the realtor (a private sale). An “exclusive rights to sell” agreement (best avoided) would mean that the agent would get paid even if they found a private buyer.

    Unique agencies are the most common deals: Most agents want an exclusive opportunity to sell their home. If the real estate agent is good, you shouldn’t need another agent to help with the sale. However, you may want to check how thorough an agent’s marketing is before agreeing to a single agency – if they don’t cover all the bases (or if they’ve overpriced your home to get the business), you don’t want to be locked into a contract. of months and months.

    Joint Agency

    If you appoint two real estate agents to act together on your behalf in the sale of the property, this is known as a ‘joint agency’ or ‘joint single agency’. A joint sole agency contract is where the real estate agents involved share the commission when the property is sold. In practice, the agent who actually finds the buyer usually gets a higher share of the commission, but this percentage share must be agreed upon at the beginning of the contract between the owner and both agents.

    Joint agency is often a useful way to get out of a single agency before the end of the contract: if you tell your real estate agent that you are not satisfied and that you are considering terminating your contract as soon as possible, then give him the option of being retained in a joint agency, they might be smart enough to see the merits of a portion of a fee rather than none. This type of agency is also useful when you want to use two agents that offer different services (for example, a city agent and a country agent if you live on the border of a city). Keep in mind that most of the public has a negative perception of properties with more than one agent (“I’ve seen this before, there must be something wrong with it”). If you are considering a joint agency, try to choose two agents who can happily communicate/work together.

    Multiple Agency

    More than one agent is appointed and there is no fixed contract period. You can add as many agents as you want, remove one at any time, and so on. However, only the agent who actually finds the buyer gets paid.

    Often used when a property is not being sold with a single agent, this is an extreme measure to take as the total fees will be considerably higher and the property can become overexposed very quickly. Confusion and disputes can also arise if agents argue over who introduced a particular buyer; be sure to keep track of each agent’s activity.

    Rates in General

    Estate agents fees are due on completion and should have been billed in the contract exchange. The invoice is sent to the lawyer acting on behalf of the owner, but the owner must also receive a copy to verify. Most deals are on a “no sale, no fee” basis, so you pay nothing if your home doesn’t sell (see additional fees below, though).

    Fees must be clearly stated in the contract: if the fee is a percentage of the sale price, a maximum amount in pounds and pence must also be shown.

    Although estate agents’ fees are often expressed as a direct percentage of the sales price, remember that they are also subject to VAT at the prevailing rate (currently 20%).

    Some real estate agents charge additional fees on top of the sales fee; recently we’ve seen them expressed as “advertising fees” or “removal fees” (a charge if your property doesn’t sell or is taken from an agent). Start-up costs for brochure production and professional photography are also relatively common with top market agents; it would always be worth making sure you know the total of ALL fees you may be responsible for before signing a contract.

    Be careful if you agree to a fixed fee from an estate agent – the fee is usually agreed based on the asking price, so if your property is selling for less, you are probably overpaying the agent compared to a real estate agent’s fee. normal percentage (which is charged on the final sale price)

    If you want to give your agent additional motivation to achieve a maximum price, consider negotiating a tiered fee (for example, 1% if you get less than £240,000, 1.2% if you get between £240,000 and £250,000, 1 .5% if you get more than £240,000). 250,000). Set levels carefully to reward excellent service and penalize average results.

    Additional tips

    If you change realtors, make sure the previous agent gives you a list of the names of the people who “presented” your property. If one of those names continues to buy the home (in practical terms within 6 months of the agent’s contract termination date), the former agent is entitled to their fee. Make sure you don’t get yourself into a scenario where you owe both agents fees because you didn’t do your homework.

    Always ask real estate agents to confirm the terms of your contract in writing (you’d think this is standard practice, but you might be surprised!) and if you end a contract with an agent, make sure they confirm that too.

    You can go from one single agent to another, from one single agent to joint agents, or any other permutation.

    Don’t go backwards in terms of marketing: If you’re leaving an agent because they’re not marketing your home effectively, take a breather and make sure the next one you pick can do better BEFORE you name them.

    Real Estate

    How to build a cash flow model for your real estate investment property

    Are you about to start investing in real estate? Or maybe you’ve already put your toe in the water, but want to learn more. Here’s an overview of the factors you should look at to project your potential return on an investment.

    • Purchase Price: Obviously, the amount of money you pay for the property is important in determining the outcome of your investment.
    • The annual appreciation rate at which you expect the property’s value to increase.
    • How many years do you expect to keep the property? Combined with the 2 figures above, this will allow you to estimate a future sale price.
    • Number of rental units and rent you expect to receive from each unit.
    • Annual rental appreciation rate.
    • Expected Vacancy Rate: It’s important to remember that tenants come and go, and will occasionally leave you with vacant rental units. It’s best to plan for that in your projection.
    • Any miscellaneous income you anticipate (laundry facilities, etc.) and the rate at which you expect that income to grow.
    • Property management fees. Even if you hope to manage the property yourself, it’s best to budget for a professional property management allowance. First, this rewards you for the time and effort you put into it. Second, it ensures that you’re covered if, for some unforeseen reason, you need to turn management over to a professional at some point in the future.
    • Last but not least, you need to know your opportunity cost, something big investors would call the ‘cost of capital’. For example, if you can earn 5% by keeping your money in the bank, you’ll want much more than 5% for taking on the risk and time investments that a rental property requires.
    • Annual operating expenses and the rate at which you expect those expenses to increase during your ownership period.
    • Property taxes and annual rate of increase.
    • Insurance and annual rate increase. It is essential to secure your substantial investment!
    • Any miscellaneous expenses and annual rate of increase.
    • Depreciation expense. To determine this, you’ll need to estimate the appraised value of the building as a percentage of the total purchase price.
    • Your annual capital investments in the property. He was planning to budget for capital improvements, right?
    • Down payment – ​​how much cash are you putting up front?
    • Bank Fees – How many points do you expect to pay and what closing fees do you expect to incur if you place a mortgage on the property?
    • What mortgage interest rate do you expect? And how long will the recovery period be?

    Now that you have all the numbers laid out in front of you, you ‘just’ need to build a financial model that allows you to project cash flow throughout your ownership period, and then use the time value of money calculations to create a present value of those flows. Compare the present value of your future cash receipts with the amount of cash you will pay up front. If it’s older, congratulations, you have a positive net present value and this property looks attractive. If the result is negative, that’s a red flag: you need to look again, because it may not be a good deal for you.

    The obvious comment you might have is… “This all sounds awfully difficult! Aren’t there any tools that can help me?”

    The good news is that there are! In fact, you can use an online investment property calculator that will do all the heavy lifting for you. Just enter the numbers and review the results. Now THAT is a smart investment!

    Real Estate

    What investors look for in the offers

    In this article, I’ll take some time to go over what many real estate investors look for in deals. You should realize that while I am covering what MOST real estate investors are looking for, there are real estate investors who have very focused interests and may fall outside of these parameters. It doesn’t hurt to strike up a conversation with people on your buyers list to get an idea of ​​what each person is looking for. That way, you’ll be more confident when finding wholesale deals because you know which investors would be most interested in that deal. In fact, a quick call to the investor or investors you think would be interested in the deal BEFORE you take it on can actually save you time in the end, as sometimes you may discover it’s not quite the deal you thought it was. .

    So let’s take a look at what real estate investors are looking for in deals. They tend to look for one or more of the following:

    below market price

    In the simplest form, investors want to buy a home for less than it is currently worth. They want to get a discount. The higher the discount, the better, but in many markets the formula for buying homes at a discount is that the most an investor can pay for a home is:

    70% of the after repair value (ARV) less what the house needs in repairs. This is often called the Ugly House Maximum Allowable Offer (MAO) Formula or Ugly MAO in investor lingo.

    To explain that formula with an example, if you had a home that was worth $100,000 if it was in good repair (that’s the value after repair, ARV for short), and you needed $15,000 in repairs to make it worth the ARV, then the most an investor must pay for that house is $55,000. This is how I calculated it:

    • 70% of the ARV – Cost of Repairs = MAO
    • 70% of $100,000 – $15,000 = MAO
    • $70,000 – $15,000 = MAO
    • $55,000 = MAO

    Notice the previous sentence “most investors ought many investors want even better deals than being on the edge of that formula, especially in soft real estate markets.

    It is also important to note that if an investor wants to buy at that price and needs to do a wholesale rate, they must contract the house for LESS than that amount. How much less? Sufficiently below the price that the investor will buy from you to pay for your marketing expenses and your wholesale fee. So the answer to how much less is how much money you want to make in your wholesale business.

    Investors who buy based on getting it below current market value are often top investors who are fixing or investors who will quickly turn the property around.

    positive cash flow

    Investors who intend to buy the property and hold it for rent are often more concerned with buying properties where the property income makes sense based on the price they are paying and the financing they can obtain.

    While I don’t think it’s a strong formula, one formula they often use is that if the rent on the property covers the full mortgage payment, taxes, and insurance, then the investor is cash flow positive. You should consider reading additional articles on net operating income to get a much better analysis of what I believe to be positive cash flow.

    So if you use that formula and a financial calculator that you can get for around $25, you can calculate the most an investor can pay for a house.

    Let’s take a look at an oversimplified example, so you can understand the basics of how to do this calculation.

    For this example, the house has property taxes of $75 per month and an insurance payment of $50 per month.

    If you knew that the rent for this property is $1,000 per month and that by calling a local mortgage broker, the current interest rate an investor could earn on a loan on this property would be 7%, then you can calculate the maximum payment you could afford with a financial calculator. Using this figure, you can determine the most you can afford for the house with that payment. This is how the maximum payout is calculated:

    • Rent – Taxes – Insurance = Maximum Loan Payment
    • $1,000 – $75 – $50 = Maximum loan payment
    • $875 = Maximum Loan Payment

    Enter the following into your financial calculator and calculate the PV (the loan amount in our case):

    • N = 360 (that’s for a 30-year loan)
    • PMT = – $875 (the maximum loan payment)
    • I/Y = 7% (the quote we got from the Lender)

    Maximum loan amount = approximately $131,423 (you need a financial calculator to work out this number).

    So, using this example, the most your investor could pay to have BREAK-EVEN cash flow (and many investors want to earn $100, $200 or more per month in cash flow), would be around $131,000. In order to wholesale the property and charge a wholesale fee, you need to hire it for less than that.

    I want to emphasize that the example above is an oversimplification and that there is a lot more about cash flow property buying that you will want to learn about.

    owner financing

    Some investors are looking for investment opportunities where they do not need to borrow money from a hard money lender or bank to purchase the property. They want to buy property where some, or preferably all, of the money to buy the home comes from the equity the owner already has in the property. Another way of looking at this is that the owner is willing to accept payments instead of just a lump sum to buy the property from him.

    You may be looking for properties where the seller can finance all or part of the down payment or where the seller can finance the entire purchase. There are many variations on what owner financing can look like, but here is an example:

    You agree to buy a house for $100,000. The seller agrees to accept $80,000 in cash (that is, you get a new loan from a bank for $80,000 and the seller receives that amount in cash from the bank) and will then accept payments for the remaining $20,000. Of course, you’ll need to negotiate the interest rate (if any), the amount of the monthly payment, and the term (number of payments) for how the $20,000 will be paid back to the seller.

    Another relatively common, but hotly debated, method of owner financing is home purchases “tied” to existing financing, in which the buyer agrees to make the seller’s original mortgage payments, often without the lender’s permission. A discussion of “Subject to” is beyond the scope of this article.

    Other real estate investors often offer owner financing to attract buyers who won’t or can’t go to a bank to get a loan. Rarely do private sellers who are not seasoned real estate investors offer direct owner financing. To get owner financing from private sellers, you almost always have to apply and negotiate. In other words, if someone advertises owner financing, they are probably investors and your chances of wholesale the deal are slim. To get financing offers from the owner, you will need to show, through the owner’s ability to sell and negotiate, what the benefits would be to the seller of selling your home and accepting payments instead of just receiving a lump sum.

    the more the better

    Finally, it’s important to remember that investors look for one or more of the above criteria. If you can get cash flow positive, below market price, and owner financing, that’s even better, and the deal is likely to be more desirable to real estate investors.

    While investors tend to focus on finding deals that meet the three criteria above, the seller’s motivation is often what dictates their ability to obtain a below-market price, positive cash flow, and/or owner financing. . That’s why you often hear real estate investors talk about finding motivated sellers. It is the seller’s challenge that is causing the seller’s motivation and your offer to purchase the house must solve your challenge to make your property worth selling at a discount, cash flow positive and/or with owner financing.

    Real Estate

    Georgetown Texas Real Estate – A Wonderful Place for Caving Enthusiasts

    Do you love exploring and going to caves? Cave exploration is a fun and adventurous activity in Georgetown, Texas. This is a great hobby that involves hard exercise, exploring nature, and adventure. This type of sport or hobby is very dangerous and risky. You need to be very careful when going to these places because going to the caves could be your unmarked grave if you did it incorrectly. Some of the dangers of going to these places are snake bites, loose rocks, quicksand, deep frozen water that cannot be crossed, and inhaling poisonous gases or stale air. If you want to explore the adventure of these amazing places, you have to prepare yourself to avoid dangers and accidents.

    If you are planning to explore the adventure to these places, you should not go alone, but make sure you have a companion. When entering the caves, you must wear protective equipment such as warm clothes because the temperature is sometimes very cold and freezing. Also wear gloves, boots and elbow pads. If possible, wear a helmet with a headlamp and chin strap. Also bring a pack containing extra lights, string, batteries, light bulbs, candles, and matches to make a fire. Food and water are also very important. Before you set your date on cave exploration, you should also check the weather report if there are no typhoons, blizzards, or storms.

    There are many mysterious things that you can see inside the cave that will surprise you. That is why people go here because these places are the most beautiful and wonderful natural wonders on earth. Although it can be extremely dangerous, if you follow safety measures when going to these places, you can learn to be safe while enjoying the amazing views of this magnificent area.

    One of the best places for caves is Inner Space Cavern. It is the most famous attraction in Georgetown, Texas in terms of spelunking. Many visitors come to this area to enjoy caving. Aside from spelunking, Georgetown has also been ranked as the best small towns in the United States. The place is a peaceful community surrounded by agricultural land and has a temperate climate. The place also offers quality schools and universities.

    Getting a property in this area is a good investment for homebuyers. If you are a person who loves caving, this place is ideal for you. If you plan to purchase a property in this area, contact a real estate agent like Georgetown real estate or Georgetown Homes for Sale to start your home search hassle-free.

    Real Estate

    3 Great Real Estate Agent Tools: How to Become a Successful Real Estate Agent

    Online marketing is difficult for anyone related to the real estate sector. Whether you’re an escrow officer, inspector or clerk, transaction coordinator, real estate agent, broker, painter, demolition, loan provider, etc., it’s hard to break into the real estate market. Learning how to increase your site’s ranking is something. However, learning how to develop presentations is another. So what tools can you use to create the information, view the content, and what portals are used to distribute the information?

    One. Screenshot Movies – There are a number of possibilities available on the internet. There are some that are paid providers and some that are free. Jing is a free application developed by TechSmith. Just google the app to find it. Jing will help you take screenshots from a desktop. These days, every computer has a built-in camera. Jing is really easy to use, but Jing has limitations. The downside is that the free version simply allows you to record only 5 minutes of video time. So for short presentations or short lessons on how to send to affiliates or subcontractors, then Jing Basic works great. After setting up a Jing account and uploading your video, Jing will number the videos and allow you to upload screenshots with a specific web address for your video. If you want to document more than your five minutes, you need to upgrade to Jing Professional. At first, when I started, I used the free model. But trying to fit all your articles directly into a one-minute video is difficult. Also, if you do that, you’ll have a series of short videos to be able to post to Facebook (YT) or even Vimeo, which takes a lot more work. Last time I checked, Jing Pro is $15 a year. It is not a bad alternative for creating screen videos. A great additional feature is that you can upload directly to your YT account. Very easy. Keep in mind, though, that you can make videos up to a few gigabytes in size (regarding adding them to YT). You will have to get movies that generate enough traffic before YT will help you upload longer video tutorials.

    Two. Camtasia Pro Recording: Camtasia is also through TechSmith. Brilliant device but requires much more technical training to be able to navigate. Much more features than Jing, but I use it almost daily. Whether I’m making a video tutorial or even providing a project to my personal marketing assistant (VA), this can be the best option for sure. It has all the features involving Jing and more. For me, Camtasia Pro is like driving a Ferrari compared to Jing.

    Three. Bitly: The days of building a website and thinking someone will just visit your site are over. Bitly is a web address shortener. Just set up a bitly account, join, type in your current website, and then it will give you the shortened, coded link. You can then get a new hyperlink to a web address that’s a little more unforgettable to suit your needs and your audience. Most do not understand the benefits of web address shorteners. In real estate we want to see our own efforts. With Bitly you can do that. Important if you really want to decide if your efforts are progressing. Later we will reveal many more tools that you can use. What resources are you using?

    Real Estate

    Top Questions to Ask When Buying Land

    When you plan to buy a lot, you shouldn’t take every step of the buying process for granted. This really can be incredibly expensive, considering the price of the lot and the additional development you plan to do. If you’re thinking of getting a lot for your future business ventures, there are some basic questions to ask yourself. This way, you can realize your real reason for this investment.

    Usually the first thing you want to find out is what prompted you to buy this lot. You must identify the main reason for choosing the particular lot. Know your interest, if you want it for commercial purposes or just for personal use. There are so many reasons you can think of, but you need to be specific with your intentions.

    Other than that, you also need to determine the investment value of the property. It is really important that you know the numbers, even if you are not using it for commercial purposes, as you might have plans to sell it in the future. Therefore, you can easily assume a rough estimate of how much you can benefit from the investment you made. This will make you realize how valuable the investment you made when you bought the lot was.

    Of course, you need to make sure that you can afford to buy the lot. It is inevitable that you will ask for financial aid for which you will apply for a mortgage. The crucial part of this step is knowing if you can pay off your credit until the loan period expires. This is normally the problem for most homeowners as they fail to meet their financial obligations. Thus, they end up receiving a foreclosure. And this is the last thing you want to happen to you.

    Don’t forget to identify if the field you are looking for is already surveyed. One of the hardest parts of buying land is determining if you got a good deal on it. This is where the survey process comes first. You need the help of a reliable surveyor to check the place and tell you the benefits and dangers of the land. This will help you assess whether it is a good deal or not.

    The last thing to identify is the zoning restrictions of the area. This is very important if you have plans to build a commercial establishment in the future. There are areas where the construction of commercial infrastructure is not allowed. Know the things that are allowed and not allowed in that particular place so you know what to do with it in the long run.