Real Estate Growth: How Long Can It Last?Written by Motiva Group
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The market has limited impact on seasoned investor. No matter if you are holding properties long term or doing a quick flip, local market changes will not affect you in a major way if you are careful. For example if you are doing long term hold revenue properties there is little to no chance that market will not increase over term of your holding period. If you are on other hand flipping properties then you will buy at a higher price in a strong market and will move property quickly, or get a better price which will help you in higher holding costs in a softer market. Now, just as a side note for those of you looking at holding properties for future value considerations. If you are buying negative cash flow properties with expectation of equity increase over 2-3 years then, in words of a recent article that I read, SHAME ON YOU! If you are using investor’s capital to close these deals and value doesn’t increase what are you going to do? What if value decreases in that time? You are putting investor’s capital at risk and as far as I am concerned are acting as an irresponsible speculator, not a seasoned real estate investor!
Motiva Group teaches people how to invest successfully in real estate and are the developers of the "Zero Down in Canada Real Estate Investment Home Study Course." Their web site has many free reports and articles on real estate investing.
| | Home Equity Loan – Beware of the lingering lien!Written by Charles Essmeier
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can also arise when a homeowner is trying to take out another home equity loan, perhaps to facilitate debt consolidation or home improvements.
Here are a few things you can do to avoid this problem:
Get a copy of your credit report. If there are any errors, particularly errors showing an open line of credit or a home equity loan that has been paid off, contact your lender.
Keep your paperwork from all real estate loans, even if you have already paid them off. Then you will have them at hand should you need to demonstrate that you have fulfilled your obligations.
If lien shows up on public records or a credit report, but original lender says that you have paid it, have them send you a copy of their documentation regarding your reconveyance.
As with most issues that come up when financing or refinancing a home, this one can be resolved by remaining diligent and keeping proper paperwork. As always, it’s a good idea to check your credit report regularly, particularly if you plan on taking out a loan in near future.
©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
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