Ethical dilemma regarding appraisals - 05/21/08 10:05 AM
I've recently run into a problem on a couple of different properties that many of you have probably encountered.  The situation is this:  There is a binding contract and the Buyer is in the process of getting everything done for his loan, i.e. title, appraisal, etc.
Well, the appraisal got done and completed and sent to the bank, but there arose a problem with the title that the Seller has not remedied (this 9 months later) and probably will never remedy.  The appraiser is asking for somebody to pay their fee, but the bank is saying it's not their responsibility and … (13 comments)

Analyzing Rental Property To Determine Cash Flow - 05/16/08 12:12 PM
ANALYZING RENTAL PROPERTY TO DETERMINE CASH FLOW
THE SCENARIO
Duplex for sale for $70,000.00. You put it under contract for $65,000.00, with financing as follows – 5% down, with $1,500 in closing costs, at 7.25% for 20 years. Total debt service for the year would be $5,856.72 in this scenario. Your total acquisition costs are $4,750 (5% down or $3,250 + $1,500 closing costs). The property is currently rented with good tenants for $400.00 per side for a total of $800 per month rent. How do you analyze the deal?
First, some rules of thumb. For rental property, the rule is … (8 comments)

4 BR, 4 BA, 3000 SF home UNDER $150,000.00 - 05/16/08 10:14 AM
Beautiful home, recently remodeled with new windows, flooring, bathrooms.  This home is loaded.  Spa/Hot Tub Room.  Humongous kitchen with double sinks for the chef in your family.  Historic home formerly used as a bed and breakfast.  Only 1.7 miles from Murray on a beautifully landscaped 1+ acre lot.  Master suite with jacuzzi tub and walk-in closet.  Sun room.  Hardwood floors through most of the house.
WHAT A DEAL!! - UNDER $150,000.00
Call 270-761-HOME for more information or visit us on the web at www.creativepropertysolvers.com
 
                 
 
    
 

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Agenda for the May Western Kentucky REIA Meeting - Tonight! - 05/15/08 09:47 AM
Here is the Agenda for tonight's meeting of the Western Kentucky REIA.  We welcome you all to attend!  We meet at the Curris Center on the campus of Murray State University in Murray, KY at 7:30 p.m. each 3rd Thursday of the month.
 
 
The Western Kentucky Real Estate Investment Association (WKREIA) welcomes everyone in attendance!  We hope to make this association one of the finest learning alternatives to develop, support and promote regional real estate investment while serving the interests of the Real Estate Investment Community and Industry as a whole through Education, Motivation, Mentoring, Training, Leadership, Investment, and … (0 comments)

FREE termite inspections? - 05/05/08 08:23 AM
There's a company here in my area doing FREE termite inspections.  They will inspect the house for free and they only charge if they are required to do a graph and report.  For me, that's great because as an investor, I really only care about whether the termites are there, I don't need a graph and report.  If there are termites present, they expect to get the work to treat the problem and I guess they are counting on that generating more $$$.  
For Realtors, this doesn't add a lot of value because a graph and report is always needed.  BUT the … (3 comments)

Interesting deals from Dell computers - 05/02/08 04:04 PM
As everyone on Active Rain knows, a good computer system is essential to run your business.  Here's the latest deals from Dell Small Business.  Take advantage if you need a computer:
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VistaPrint offering great deals for 4 days - 05/02/08 04:01 PM
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Remodeled 4/2 Doublewide on 1.3 Acres! Great Value! - 05/02/08 03:03 PM
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Memorial Day boating on Kentucky Lake - A time-honored tradition - 05/01/08 01:58 PM
Each year, thousands of boaters, fishermen, and other outdoor enthusiasts descend on Kentucky Lake to enjoy all that it has to offer.  The traditional beginning of boating/swimming season is Memorial Day, when the water is starting to warm and the 3-day weekend beckons.  Here is a list of some of the other upcoming activities at Kentucky Lake:
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Virtual tours - Why would anyone NOT have them? - 05/01/08 10:45 AM
As everyone on Active Rain knows, having an established, viable Web presence is key in today's market.  More and more people are finding the house they want BEFORE they come to their Realtor and they are doing that because they have seen the home ONLINE.
In that context, why anyone would NOT offer virtual tours on their listings is beyond me.  We are in the process of upgrading all our listings to include virtual tours, and until today, I was unaware of how cheaply you can get into the virtual tour business.  With JustSnooping.com's agent service, you can pay a $199 initial … (6 comments)

 
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Greg Taylor, Murray Kentucky Real Estate Attorney and Investor

Murray, KY

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Greg Taylor and Associates, PLLC

Address: 306-B South 12th St., P.O. Box 505, Murray, KY, 42071

Office Phone: (270) 761-4558

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