Explore Washington, DC

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 23
MyCommunity Mortgages: which are sponsored by Fannie Mae and is designed to assist low and moderate income families, public service employees, and disabled people to realize their dream of owning an affordable home.  This program allows for 100% financing and little to no money required into the ...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 3
We all know that the woes of the subprime market has now made it difficult for a good number of the population to obtain mortgages. Most of the 100%, no money down, no credit needed financing are now disappearing. Those of us with good credit may be thinking that "this won't affect me". Or maybe ...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 1
We have all seen the increase in business for the home inspector in this buyer's real estate market. The professional home stager is another real estate business that is seeing a resurgence in activity. This Spring will see an increase in homes on the market and each seller needs to get every com...

By D'Ann Faught
Comments 0
I have been working with a lot of first-time buyers as of late and several of them have asked me...what questions should I be asking that I'm not asking?  It has really reminded me that oftentimes, first-time buyers just don't know what they don't know. :)So, in response, here's some pointers I s...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 8
 With spring upon us, there will be an increase real estate market activity.  Sellers will definitely be selling ..... and hopefully buyers will be buying :).  But what are the best strategies for getting the best deal out there.  Well today, I am on the buyer's side ... sorry sellers ;).  One te...

By Jeff Belonger, The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans
( Social Media - Infinity Home Mortgage Company, Inc)
Comments 15
I wanted to share this with everyone. I was out with some friends the other night and this came up in discussion. I found this extremely interesting. Most of what is mentioned, I never knew about. This is great for you history buffs.  Especially number 6, the physical traits. Pay attention to th...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 1
 While many real estate professionals have experienced a slowing in business, there is one group that has seen an upturn .... the home inspector.  While we had the torrid pace of home sales during the 2000 - 2005 real estate boom, the home inspector was relatively left out in the cold.  If you pr...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 2
 A common mistake among real estate investors (I am guilty of this too, when I first started investing) is that they often do not deduct depreciation on their investment properties when doing their taxes.  The government allows you to take a depreciation deduction each year on your investment pro...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 0
 In this slowing real estate market a promissory note may be a good alternative for investing in properties and creating a steady stream of income.  This is similar to offering someone a 2nd trust or "piggy-back" loan that accompanies a 1st trust or primary loan.  This could also be a good option...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 1
 This is probably a tax law that many of you know already, but I feel compelled to state it just in case there are a few who are unaware of its benefits. We all know about the tax law that states if you live in your primary residence for two year out of the last five years, you can keep up to $25...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 0
 Here is a link to part of an audio interview that I had with an owner of a reputable settlement company.  We are discussing the mistakes people make before, during, and after settlement.  This interview is part of an 8 question interview conducted in Maryland a few weeks ago.  The full interview...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 1
 Now seems like the perfect time for the first-time buyer to step up to the plate and take advantage of the cooling market.  A cooling market does not mean a bad market, just a return to a more normal market.  Houses will continue to be sold .... sellers will sell, buyers will buy, and homes will...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 2
I run across many first-time homebuyers that have trouble coming up with money for closing costs or downpayment.  This seems to be a hurdle on the road to homeownership for many people.  But with decent credit (600 or above) you can qualify for many community programs that allow 100% financing at...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 1
 With all of the fallout of the subprime market and the bad press on ARMs, Option Arms, and Interest-Only loans, it seems like the only good option nowadays is the traditional 30-yr fixed principal and interest mortgage.  Rates are still at relatively low levels hovering around the 6% mark.  It i...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 2
Since the market has cooled in many cities, many new investors are starting to panic because they are worried about how to now make money in real estate. They can no longer buy a property, slapped on some paint, and sell it six months later for a $50,000 profit. These investors are used to making...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 6
As many investors know. A 1031 exchange is a way to roll the gains of selling one investment property into another investment property of "like-kind". This method allows the investor to defer paying capital gains on the profits from selling the investment property. Taxes are not paid on the gains...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 8
Many wonder if it is necessary to hold or transfer their investment properties in an LLC.  I think it is not only necessary, but you should have a separate LLC for EACH investment property.  This is especially true if you have multiple apartment buildings with many units.  The whole idea is to pr...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 0
With the increasing defaults of Subprime Adjustable Rate Mortgages, many lenders are leaving that side of the business and it seems like the federal regulations for these types of loans are going to tighten.  For example, New Century a long time subprime lenders has stopped taking new loan applic...

By Victor Emeli, www.HouseWealthy.com
(The Manor Enterprises)
Comments 2
I am new to Active Rain and love it already.  I have read a few blogs and have noticed some talk about how Mortgage Brokers seem to be working harder for a lot less work (.... as is everyone else in the real estate industry).  Does anyone think that more regulations on the amount of fees (more no...
I admit it...I'm not a mortgage lender!!  But after almost 5 years in the business, I can tell you a thing or two about loans.  This blog is really a "buyer beware," brought on by a situation I encountered this past week.  To begin, I'll tell you a story about my first listing and how the settlem...

Washington, DC Real Estate Professionals