money: Cosmetic fixer in West Hill Kent. 2580 sq feet 4 bed, 2 1/2 bath. Great investment potential!
- 04/09/08 04:48 AM
This Kent, Washington 2580 sq foot home has a lot of value and is priced for investment. Priced at 205,000 this 2580 sq feet sits on a 8,280 sq foot lot with views of Kent. This home is a cosmetic fixer and does need work. It should take approx 40,000-50,000 to repair and/or remodel. This home comps out at 315,000-320,000 in a remodeled state. Here is info about the home and what the home will need.... features- 2580 sq feet 8,280 sq foot lot 4 bedrooms 2 1/2 bath 2 car garage good location close to schools and freeways and shopping … (1 comments)
money: The laws about mortgage insurance. Lenders will be sure to add it back in.
- 10/14/07 05:14 AM
Lenders had previously developed many programs that did not include mortgage insurance on loans greater than 80% LTV. I think that is about to change. Lenders have been losing money on defaulted loans and they will take that risk out of their loans. Here is the latest law regarding mortgage insurance. Mortgage Insurance Law When putting less than 20 percent down on a home mortgage, lenders often require you to have Private Mortgage Insurance (PMI). PMI protects the lender if you default on the loan. The Homeowners Protection Act of 1998 establishes rules for automatic termination and borrower cancellation of PMI on home … (4 comments)
money: Here is some money for your rent. Thank You so much!
- 10/08/07 06:06 AM
I am a Real Estate agent and manage a few rental properties. I recently had a tenant that was behind in her rent payment and struggling to come up with the needed funds. The reason for the shortage was the money was lost while she was out grocery shopping. Of course, nobody turned in the money and she was left with a great deal of disappointment. Her story was told at her local church and the Church she belongs to, which is the Lake Sawyer Christian Church decided to step up and help this individual. It was a few hundred dollars and I … (0 comments)
money: Advantages and disadvantages in owning Rental Real Estate. Read this before investing!
- 09/29/07 05:19 PM
Advantages of Rental Real Estate The advantages of rental real estate are quite substantial. One that is not listed below is the fact that when you own rental real estate, you own a tangible asset. You can paint it when you're happy with it and throw rocks at it when you're not. Many people who feel uncomfortable investing in financial instruments have no qualms about investing in real estate. This is a psychological distinction, as a bad stock and a bad rental property are equally capable of losing money, forcing you to sell for a loss. That said, here are the advantages … (8 comments)
money: Buying or investing in Rentals? Here are 10 rules to live by that will help you profit.
- 09/29/07 05:15 PM
Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and bonds. In this blog, we'll go beyond buying a home and introduce you to real estate as an investment. Basic Rental Properties summary This is an investment as old as the practice of landownership. A person will buy a property and rent it out to … (2 comments)
money: Flip that house! Make sure you do your homework first! or it will flip you.
- 09/29/07 04:49 PM
Definition: Flipping is a term, used primarily in the United States, which refers to the practice of buying real estate and quickly reselling (flipping) it for profit. Type of Flips One of the most time-honored ways properties are flipped is by renovators. The hoards of home improvement programs, such as "This Old House" which has been on television since the 1970s, serve as testament to the real estate fad of today. While some of the "This Old House" homes were owned by people who invited the show in so they could renovate, others were purchased, renovated, then resold for a profit. Other ways to flip … (7 comments)
money: Arms are getting ready to adjust. Are you and homeowners alike ready for the adjustment?
- 09/23/07 05:00 PM
Come next month, some of the cheap loans that got U.S. buyers into homes they might not have otherwise been able to afford are expected to get far less cheap. Adjustable-rate mortgages, which offer lower rates for an initial period, already are resetting. But the Mortgage Bankers Association estimates October through December will bring the peak of these new, higher rates - and pricier mortgage payments. Such adjustments could spell continued trouble for a sluggish national housing market. I think this will be a major concern, even with the Fed lowering rates and offsetting some of the pain. This will play a … (5 comments)
money: Many say the Fed lowering rates will help the housing market. Do you agree?
- 09/18/07 05:37 PM
The fed lowered rates today 1/2%. They did shock the stock market, which shot up over 300 points, but will this help the housing market? I think not! or at least not for the short term. There are way too many negatives in the Real Estate market right now for a small decrease in rates to overcome a housing slowdown. 1) Foreclosures setting records. 2) Arms resetting into much higher payments. 3) Liquidity still an issue for mortgage loans. 4) Jumbo loans are very expensive. 5) Investors are sitting on sidelines or liquidating. 6) Buyers are nervous. Real Estate markets are cycles and I think we are in post … (5 comments)
money: List of Pros and Cons for selling a home as a FSBO (For Sale by Owner)
- 09/18/07 04:40 PM
PROS Selling your home without an agent means More Money. If that's not an incentive, what is? By selling it yourself you save the fees or commissions (thousands of dollars) that you would have to pay an agent. But beware, many people make costly mistakes that will cost much more than hiring an agent plus a lot of undesirable stress. CONS Real estate agents are paid good money for a reason. Selling a home takes a lot of time and energy. Open houses, dealing with potential buyers, closing sales and dealing with the legal issues are familiar turf for us and our … (3 comments)
Puget Sound Mortgage Broker working hard for my clients in the entire Puget Sound region including Issaquah, Bellevue, Seattle, Redmond, Kent, Auburn, Maple Valley, Covington, Renton and more.
This Kent, Washington 2580 sq foot home has a lot of value and is priced for investment. Priced at 205,000 this 2580 sq feet sits on a 8,280 sq foot lot with views of Kent. This home is a cosmetic fixer and does need work. It should take approx 40,000-50,000 to repair and/or remodel. This home comps out at 315,000-320,000 in a remodeled state. Here is info about the home and what the home will need.... features- 2580 sq feet 8,280 sq foot lot 4 bedrooms 2 1/2 bath 2 car garage good location close to schools and freeways and shopping … (1 comments)
;)
;)
;)
