In your quest to choose the best property for your budget, it’s a good idea to arm yourself with an important principle in real estate: THE PRINCIPLE OF LOW PROFITABILITY. Let me explain this in common language: OVER IMPROVEMENT and UNDER IMPROVEMENT in real estate to be avoided as much as possible. Excessive Enhancement: An…
Are you a homeowner and ready to sell your home? Thinking of being a For Sale By Owner (FSBO) without the help of a real estate agent? Let’s go over the pros and cons of selling your own home. FSBO Advantages You save money on commissions because you don’t have to pay a commission fee….
The word ‘stress’ is thrown around so often in today’s society that it pretty much ends up being one of those things that loses its meaning, we end up taking the term and its subsequent cost for granted. This ‘state of being’ has become the norm; people don’t even remember what it’s like to live…
Guam’s total real estate market is projected to reach $300 million. Total sales were down last year, but with the construction buildup, the market will grow dramatically. In 2009, single-family homes cost around $200,000. However, there are certain restrictions on foreign ownership. The people of Guam are United States citizens and Guam is a United…
So you’ve fixed your financial situation and are ready to buy a foreclosed property, all you need now is a nudge in the right direction with foreclosure listings. All buyers are looking for a bargain, and there are no better bargains than foreclosed homes. These used homes are put on the market after their former…
Any investor who sells more than one or two properties a year will find themselves in trouble with the IRS qualifying them with “dealer status” for tax purposes. This is extremely dangerous stuff. Dealers, like real estate agents, are considered self-employed and are subject to the 15.3% self-employment tax. Worse yet, a dealer can’t pay…
It is generally recognized that a person’s early years, such as the twenties, is the best time to start investing. After all, he has his whole life ahead of him to invest money, which is why so many books on investing, most of them actually, are geared toward twenty-somethings. Fewer are around thirty, and even…
You may not want to admit it, but we can’t live without money. It’s that important. Even though it may be crumpled old paper inside your wallet, it has a great story. As great as it is, the story of money as it relates to its understanding and perceptions is what is important. Money is…
Real estate investing is not for everyone. It requires patience, consistency, and persistence and comes with its share of challenges that must be considered before taking the plunge. Many new investors are interested in investing in turnkey real estate because they think they won’t have to do any work. Yes, it is true to a…
The Cyprus property boom has continued its ascent since the turn of the millennium, but while property investors during this period have been rewarded with dizzying sale values, there remains a surprisingly wide range of property for sale in Cyprus for those who have a limited budget. Studio apartments are naturally the most prolific property…
