When someone is buying a new home, one of their main questions is when they actually take over ownership. After all, buying a home can be a long process. They need to get pre-approval for a mortgage, conduct a home inspection, make a purchase offer, negotiate with the...
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5 essential steps of a title search process you shouldn’t miss
Investing in real estate is a big move. One of the most important elements of any transaction is the title search. By properly conducting a thorough title search, you can uncover potential issues or liabilities associated with a property's ownership, better ensuring a...
It’s crucial to identify functional obsolescence in real estate
Whether you’re investing in residential or commercial real estate, you want that investment to become more valuable in the future – certainly not less. That’s why it’s crucial to look beyond what it has to offer now and determine, as much as possible, what the future...
Sunshine state savvy: Purchasing occupied commercial real estate
Florida continues to boast a thriving commercial landscape, making investing in income-producing properties an attractive option. But what if your dream building comes pre-packaged with business tenants? While established businesses offer immediate income and reduced...
What is cash-out refinancing and is it a wise move?
Refinancing your home or other property is not just to acquire more favorable loan terms than your current mortgage. Some forms of refinancing, such as cash-out refinancing, allow you to obtain a second loan, a possible boon if you want to improve your property. With...
What payments is a commercial tenant responsible for?
Commercial tenants often have different responsibilities than residential tenants. For someone in a residential space, they may only owe the monthly rent payments. In some cases, they’ll also have to cover utilities and things of this nature. But with commercial...
What makes a good rental property?
When looking for a rental property, it’s important to know what factors to consider. Not all properties are created equally. It depends on your goals and how you plan to use the property. Every situation is unique, of course. But below are a few things you may want to...
When are there reasons to remove real estate contingencies?
In a real estate transaction, contingency clauses are often used. Consider loan contingencies. Someone may get preapproval for a $500,000 loan to purchase a commercial or residential property. But they have not gotten final approval yet, so they put a contingency...
Due diligence and commercial real estate: what you need to know
Investing in commercial real estate can be a wonderful decision when you are looking for passive income. Done right, you can set yourself up for recurring cash flow and long-term property appreciation among other benefits. However, real estate investment is a big deal...
Important elements to include in multi-family dwelling contracts
When purchasing a multi-family dwelling such as an apartment building or duplex, your purchase contract should contain clauses to protect your interests as the buyer. Unfortunately, many buyers are unfamiliar with the most important elements that they should include....
