Posts Tagged ‘income’

Generally, the banks set a price on properties too high because they are in the business of lending money, not real estate. A lot of times they simply do not have a clue. Also, most banks are large and have specific policies on how they lower the price on a property based on how long it has been on the market. Full story

Here is a situation that we all run into from time to time. You have on hand what you believe to be a good deal, but you cannot get any money to make an offer on the home after you called everybody you could think of - hard money lenders, banks, family. Full story

Let's take the situation where you are looking at a REO for which they want 25k and they have just come down from 29k. Apparently, the bank did not really look at it because it isn't worth that. To rehab it the house would have to be gutted; the only good part of the house is the structure. You don't want to rehab it yourself ... Full story

There are times in your life when you have to make decisions that others may question you on in order to change your future. Full story

Creating a budget for you and your household is a fairly elementary task that everyone must do regularly in order to keep a tally of their finances and expenses. Many people do not do this, however, for various reasons. Maybe they don't know how to use a spreadsheet, aren't good at balancing checkbooks, or just aren't "math people." This can mean disaster, ... Full story