invest in real estate in montgomery county md: A Real Estate Investment Rookie’s Guide
- 08/26/12 11:37 PM
If you’re new to the world of rehabbing and real estate investing in Silver Spring, MD there are some precautions you should take in order to protect your investment. These precautions will tack a little extra time onto your renovation project, but they will also save you money (and headaches). 1. Utilities Contact all utilities companies 2-3 days before your first walk through. Not only will you want to see what you are purchasing, you will also need electricity – among other things – in order to have work completed on the home. This may seem like a no-brainer, but … (0 comments)
invest in real estate in montgomery county md: Banks Ready to Release Frozen Foreclosures in Montgomery County, MD
- 08/06/12 10:03 AM
In 2008, the state of Maryland passed a law that lengthened the amount of time a bank had to wait before initiating foreclosure proceedings. The purpose of this legislation was to give homeowners more time to save their homes by seeking counseling, attempting a short sale, getting a loan modification, etc. The law caused foreclosure proceedings to move at a crawl in a state where such proceedings were already slower than the national average, due to the fact that Maryland is a judicial state. Lenders were required to wait 90 days after default before filing the foreclosure action, and to send … (0 comments)
invest in real estate in montgomery county md: Reasons to Invest in Real Estate in Silver Spring, MD
- 07/30/12 08:18 AM
There are many great reasons to invest in real estate in Silver Spring, MD. Silver Spring is close to the nation’s capitol, which offers a variety of entertainment, dining, shopping, and employment options. This region has also maintained good stability and relatively strong home values when compared to the rest of the nation. And due to the constant influx of people relocating to Silver Spring, MD, rental rates have been consistently appreciating One could justifiably argue that there has never been a better time to invest in Silver Spring, MD real estate. And whether financing a property or paying cash, the … (3 comments)
invest in real estate in montgomery county md: Short Sales in Silver Spring, MD offer Bigger Discounts
- 07/23/12 03:40 AM
Short sales have always offered a lower discount than foreclosures. This logic behind this was based on the condition of the home. Generally speaking, short sales were kept in better condition than foreclosures because the home owners still occupied and maintained the property while working with the bank towards a foreclosure alternative. Foreclosures, however, were often left in poor condition by former homeowners, being stripped of anything valuable and left neglected for months. In about 2009, discounts for foreclosures were about 30 percent for foreclosures and short sales were about 20 percent. As short sales became more common in 2010, the … (0 comments)
invest in real estate in montgomery county md: Inexpensive Kitchen Renovation Tips
- 07/17/12 03:29 AM
Renovating the kitchen in your Silver Spring, MD home can be a costly expense, especially when piled on top of other expenses incurred during the home selling process. Fortunately, there are ways to upgrade without compromising on quality and appearance. 1. Reuse Before you fill the dumpster, take a moment to assess the materials you already have in place and see what can be reused or recycled. Architect Talia Braude says she takes a long, hard look before starting any renovation project to see what can be salvaged. For example, when Braude found floor joists that were too damaged to be … (1 comments)
The words, “foundation repair” can sound terrifying to new real estate investors and homebuyers in general, but it doesn’t have to be. While dealing with a foundation issue is certainly not fun, it can be addressed and repaired without meeting all of the stigma criteria. For starters, let’s look at some clues to detecting problems with a Silver Spring home’s foundation: Driveway and Sidewalk Cracks This may not be as clear cut as you think – while cracks can be indication of a problem, the problem is usually with the soil underneath the foundation. Simply put: when the … (0 comments)
invest in real estate in montgomery county md: July Checklist for Silver Spring, MD Homes
- 07/10/12 12:37 AM
Now that summer is here, homeowners are seriously thinking about selling their Silver Spring, MD homes. Whether you plan to sell or not, here’s a valuable list of “to-do’s” that will keep your home in top shape. Begin your home inspection and repair process by conducting an energy audit. Evaluate places in your home that are susceptible to air leaks and energy loss. Insulate your hot water pipes to save yourself money during the summer. You can do this by snapping on foam jackets –pre-slit, hollow-core, flexible foam pipe insulation (called “sleeves”) - purchased at a hardware store. Chalk any gaps … (1 comments)
invest in real estate in montgomery county md: Real Estate Investors for REO-to-Rental Pilot Program Selected
- 07/09/12 02:09 AM
In February 2012, the Federal Housing Finance Agency (FHFA) began implementing a pilot program that would offer REO’s to investors in bulk. This program was called the REO-to-Rental Pilot Initiative and offered about 2,500 real estate-owned properties for sale. The investors would not be your typical investors, but large real estate entities that could afford to purchase and manage an extensive portfolio of distressed homes. This program was strategically launched in markets with a high inventory of REO’s, and a high demand for rental units. Investors who were interested in bidding on these bulk properties were required to submit an application. … (0 comments)
invest in real estate in montgomery county md: The Recovery “Staircase”
- 07/03/12 02:52 AM
In economics, we learned to associate the movement of the economy with an inverted bell curve. This curve started with profitability (ie. the 2005 housing market) and then sloped downward into a recession, bottoming out a depression, sloping back up into recovery…and so on. This u-shaped recovery seems good enough in theory, however, the Great Recession has proven to be far less smooth. One of the major components affecting recovery is the relation between negative equity and low inventory. According to Realtor.com, the total amount of active inventory in the US (consisting of single family homes, condos, townhomes and co-ops) in … (5 comments)
invest in real estate in montgomery county md: Plenty of Renters in Silver Spring, MD
- 07/02/12 02:16 AM
The rental market in Silver Spring, MD is booming and showing no sign of slowing down. Despite increasing rents, landlords and property managers say that they are having no problems finding tenants. However, they do agree that it is still as critical as ever to find reliable tenants. In June, 2012, the credit bureau, TransUnion, conducted a survey of 1,248 property managers – 1,107 who managed small properties consisting of less than 200 units, and 141 who managed larger properties consisting of 200 or more units. 48 percent of the small property managers surveyed said that they had raised rents … (0 comments)
invest in real estate in montgomery county md: Condos and Colleges – An Investor’s Dream
- 06/25/12 02:29 AM
As a real estate investor, one is always trying to stay on top of real estate news and trends. One of the hottest areas right now is any housing located near a college campus, and one the fastest growing income producers in real estate right now is the rental market. Put these two together, and you have a recipe for investment success. Condominiums, single-family homes, and townhomes all have something unique to offer. However, today I will focus on the benefits of condos. The first benefit that comes to mind when I think of a condominium complex is maintenance. Since … (0 comments)
If you’re new to the world of rehabbing and real estate investing in Silver Spring, MD there are some precautions you should take in order to protect your investment. These precautions will tack a little extra time onto your renovation project, but they will also save you money (and headaches).
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