I’ve found in the past that always makes for a better tenant that takes better care of my property. As a result my properties are more liquid when i need them to be. All in all, for us real estate investors, since we didn’t create this mess, and we are not responsible for the situation. So we feel real estate investors shouldn’t feel guilty when taking advantage of the mess that is in front of us.
If you believe all that you hear on the news, our trusted government and U.S. business interests would like to have you believe that if you step one foot out of the U.S. with your retirement savings, you will surly land directly on a land mine. The truth of the matter is that the vast majority of the people of Belize and all Latin American counties for that matter are peaceful good natured people.
An FBI informant who was one of Castro’s friends put Castro in touch with “collectors” who said they could get him his money back but they would have to get rough with the deadbeat. The fact that they brought it up and Castro never went to them to ask they engage in violence went a long way with the jury.
A bit of spackle and a fresh coat of paint is probably the most important, easiest (and cheapest) interior improvement you can make. A carefully painted room will open up, and brighten your chances of a sale.
When you invest in a foreclosure, you get instant equity. This is very powerful purchase because the amount of equity gained in a home not only relieved the buyer of any of the price different, but also interest that was avoided due to this decision.
Interview to build a real estate investing team – After searching on line and finding out who is buying and selling a lot of property, make a list and interview them. Find out who their support staff is. Does this buyer and seller work specifically with rehab crews? How about management companies? Closing Attorneys or Escrow Agents? You should interview 3 of each of these or more. Be brutally honest. If you can tap the wisdom of a team, the process of owning property outside your area can be easy. Make sure the management companies are willing to work with the real estate invesment contractors, the sellers of your property, and so on. Ask about the reputations of each to the others.
Second you are able to access tax benefits from Revenue Canada. The interest and any loses on your investment property are tax deductable. So even if you don’t qualify for the best interest rate, you are able to write of the extra interest. Also, any loses or expenses you incur can be used against the profit of the property. For tax purposes, it may appear that you are losing money but in reality, you are earning it.
What’s a seller to do? One of the newest ways to get laser-targeted traffic to your offer to sell is through the Internet. Having your own locally specific listing appear in the big search engines can create a flood of interested buyers calling and scheduling appointments to view your FSBO real estate. Even better, you can compete directly with MLS and real estate brokers on a level playing field.