The Complete Guide to Your First Rental Property: A Step-by-Step Plan from the Experts Who Do It Every Day
- ISBN13: 9780910627986
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
You are ready to take the plunge and begin investing in your first rental property. Congratulations, but now what do you do? You do not have to go it alone with this new comprehensive book that will guide you step-by-step upon the road to the financial success you desire. Investing in rental properties is one of the safest and smartest investments you can make. Real estate appreciates at a rate far greater than the rate of inflation, builds equity, provides a steady return on investment, provide
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(out of 13 reviews)
List Price: $ 24.95
Price: $ 14.97
Investment Property Dayton Ohio REO SFR Great Rental Potential 718 Taylor ST| US $2,025.00 (2 Bids) End Date: Monday Feb-06-2012 6:16:24 PST Bid now | Add to watch list |
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Say Anything – Property New song off upcoming album in November 2009. ————————————————————— [Lyrics] Don't you go leaving Baby I'll find you Tell all your secrets No one will want you It's for your own good I know what's best for you If you won't sleep with me There'll be no rest for you Until the day you're broke Until you drop and choke I'll be your man, this much I know. Until the empire falls Until you think at all Chorus: You gave your love to me, and now you are my property. You sold your soul You can't retrieve the love I stole from you, it's true, Deny with everything you do. You're my property You're my property Sell you into bondage, Baby I own you. You'll entertain all my friends dressed in the latest trendy frocks! You better tattoo that I am your patriarch. It's your ambition Soon you will feel the dark Cause I lurk in your bed Until the day you see that you mean to me Until the day I find Someone to fall in line Without a single sin without an opinion Chorus (spoken:) Baby, I know you've got all those crazy, lofty goals: Going to art school, following your dreams and whatnot, blah blah blah. Just throw it to the side. You know I can support us all on my own, an worst-case: I'll just have to sell some drugs to my little brothers friends. If you do have to sell your body once or twice, or seven times… It'll be worth it. And trust me, one day my band is gonna make it, and this'll all be just a distant, distant dream …
Video Rating: 4 / 5
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Breaking All the Rules: How to Rent Your Vacation Home
Buy Today and get your Free 'Welcome Book' An Organized- Instructional Booklet which Contains Vital Information – Custom designed for your rental property. Send an email to(info@howtorentvacationhomes.com) with your Amazon order number to receive your free Welcome Book. 'BREAKING ALL THE RULES: HOW TO RENT YOUR VACATION HOME' has Everything You Need To Know for Preparing, Managing, Pricing, Tracking and Organizing Your Rentals, Advertising, Handling Inquiries, Screening Potential Renters, and M
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List Price: $ 19.76
Price: $ 19.75
A Second Home
The Rue du Tourniquet-Saint-Jean, formerly one of the darkest and most tortuous of the streets about the Hotel de Ville, zigzagged round the little gardens of the Paris Prefecture, and ended at the Rue Martroi, exactly at the angle of an old wall now pulled down. Here stood the turnstile to which the street owed its name; it was not removed till 1823, when the Municipality built a ballroom on the garden plot adjoining the Hotel de Ville, for the fete given in honor of the Duc d'Angouleme on his
List Price: $ 3.55
Price:
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How I Could Sell My House FAST in Austin Texas, even in this Poor Housing Market!
We all know it's bad out there…With the severe credit crisis and the declining housing market, Fox, CNN, MSNBC, and even the President remind us of our struggles daily. Home foreclosures are at an all time high, even in my neighborhood in Austin Texas with many more foreclosures predicted to come. Housing resale values are at all time lows with no end in sight. Even the banks are going bankrupt as many Americans no longer qualify for credit.
Because of the recent credit crisis, many people don't qualify for a new loan to buy a house right now, despite the incredibly low housing prices. Many home sellers can't sell their unwanted houses because they owe more than their house is worth due to falling house prices. Many sellers can't even rent their houses out for enough to cover their mortgage payments, taxes and insurance resulting in severe negative cash flow that bleeds then dry month after month. To make matters worse, many tenants end up trashing the house when they move out making it even more difficult and expensive to sell.
If they list their house with a real estate agent, their house will likely sit on the market for a long, long time waiting to sell since the buyers seem to have magically disappeared. Even if the house does finally sell one day at a greatly REDUCED price to get it sold, the owner has to pay a 6% real estate commission plus the majority of the closing costs. This often results in the seller writing a big, fat check at the closing table to finally get their house sold.
So what are my options to sell my house in Austin Texas fast in this depressed economy and housing market when many folks can't get a loan? By trial and error, I discovered the following 3 alternatives to try to sell my Austin TX home quickly…
1. I tried to sell my house in Austin "For Sale by Owner" aka "FSBO".
At first, selling my house by myself sounded easy enough, but it soon became my worst nightmare! What went wrong:
At first I didn't know how to attract buyers that might be interested in purchasing a home in Buford Georgia…The For Sale By Owner sign in the yard wasn't working. I ended up spending a fortune placing classifieds in the local paper which resulted in few potential buyers. Those that did respond wanted to see my house at all different hours of the day or night. I was afraid to say no in fear of losing a potential buyer. I would have to keep my house clean and all picked up, only to have them flake out and not show up! Other times I had some pretty scary people show up with their rowdy kids in tow, trampling through my home.
I never did find my ideal buyer. Even if I did, I had no idea how to get them qualified, how to handle all the purchase and sale paperwork or how to get the house closed. I said "There has to be a better way to sell my home!" and I was determined to find it.
2. I listed my house for sale with a local Austin real estate agent.
I called an agent from a local, seemingly reputable, real estate agency and made an appointment for her to come out and see the property. The agent sounded like she really knew what she was talking about and got me really excited about the prospect of selling my home quickly. She said she would list my house in the MLS, on dozens of real estate sites throughout Texas, advertise my house in the local paper and other print publications, do multiple open houses, put out signs, balloons, flyers in an information box and went on and on about how she could sell my home and still get top dollar. How could I refuse? I didn't.
I listed my house and waited, and waited and waited. The agent put the house on the MLS, but the market was pretty tough and, despite her best efforts, six months later, I still didn't have a buyer. Meanwhile, my house had not only decreased in value because it would not sell for the list price, which had been reduced repeatedly, but also because of all the other listed houses and foreclosures on the market in my area of Austin. At this point, I was all out of ideas and praying for a solution. About that time, someone at my church told me about RedBuysHouses.com.
3. I contacted a local, professional home buyer from Austin, Texas.
My friend from church told me that she had similar problems selling her Austin house, but that she had contacted a local professional home buyer who bought her house in under a week! What? Is this possible? Could I sell my Austin Texas house in 7 days or less, too? She said there are professional house buyers out there, also known as "real estate investors", who buy and sell real estate for investment purposes. You've probably seen their "We Buy Houses" advertisements around town but never gave them much thought. These are people who buy houses professionally and are always actively looking for more houses to buy. She gave me their phone number and web address (Locally 512-945-6006, website: www.RedBuysHouses.com) and I contacted them ASAP. A local Austin home buyer from there called me and said that if my house qualified and if I was flexible on price or terms, that they may be able to buy my house in the next 7 days or less. She said depending on my situation that they may be able to pay all cash, pay some cash now and some cash later or take over my mortgage payments giving me immediate debt relief. At this point I was definitely flexible and had nothing to lose by scheduling an appointment for them to come see my home and possibly allow me to sell my Austin Texas house fast!
So I scheduled the appointment with the Austin home buyer and she came out and inspected my home. She said it was just what they were looking for and that she had several buyers looking for a similar home. I was ecstatic! She made me several offers to buy my house as promised. I chose the offer that best suited my needs and we scheduled a closing the following week with a local real estate closing attorney. It was that fast and that simple to finally sell my house in Austin! I still can't get over it. After waiting two years trying to sell my house on my own and through a licensed agent, I was able to sell my house in less than 7 days to a local professional home buying company!
If you have an unwanted Austin Texas house you need to sell fast, call 512-945-6006 or visit www.RedBuysHouses.com and complete their online Seller Questionnaire for a FREE, no obligation consultation. You have nothing to lose by contacting them and everything to gain. I was able to sell my Austin home fast and you can too!
Red Buys Houses is a local, professional real estate investment group that buy houses all over Austin, Texas in any area, condition or price range and in virtually any situation. If you have an unwanted house you need to sell quickly for any reason whatsoever, call locally 512-945-6006 or visit Red Buys Houses
for more information, to receive a free consultation, or to get an offer on your house
fast.
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Loans needed for swamped homes: expert
The government should provide special loans to people who lose their homes to rising sea levels caused by climate change, a leading economist says.
Read more on Brisbane Times
Housing loans to drive bank lending, says Citi
Bank lending growth in Singapore likely to continue for rest of this year, driven by demand for housing loans, says Citigroup, according to Dow Jones. Total loans in May +8.0% on-year, +1.5% on-month, with housing loans +20.7% on-year, according to latest official data. “We expect double-digit mortgage growth to sustain through year-end despite several rounds of property cooling measures. The …
Read more on The Edge Singapore
Green loans: Less talk, more action
Julia Gillard's convenient description of her predecessor's government as a good one that had "lost its way" could be used to describe some of Kevin Rudd's key programs – not the least his Green Loans scheme to promote energy efficiency in homes.
Read more on Australian Broadcasting Corporation
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beach house eBay auctions you should keep an eye on:
CD - Strand House III - Clubbing On The Beach| US $10.76 End Date: Monday Feb-06-2012 3:33:12 PST Buy It Now for only: US $10.76 Buy it now | Add to watch list |
40"x30" SUMMER HOUSE I by SUNG KIM BEACH HOME CANVAS
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Goa properties info thru Magic Masons, Goa Realty, division
Goa properties info thru Magic Masons, Goa Realty, division
Are you planning on Buying property in Goa?? Then we at Magic Masons feel that congratulations are in order, as, in light of the golbal financial melt down there is no better time to purchase property in Goa than right now.
http://www.magicmasons.com
For your conveninence we have provided you with all the information you would require to purchase your property with the least amount of stress. "Forewarned is Forearmed" right?
We have cateogerized them as follows:
Reserve Bank of India Rules for Non-Residents Home Finance for NRIs & PIOs Buying Process Typical Payment Schedule for Off-Plan Property Purchase Magic Masons Charges
Further:
we periodically update/ add, fresh, relevant yet vital information for your benifit. Including how to go about choosing the right representation, i.e. Real estae agency, Legal Counsel, etc. And how to avoid clandestine agencies or operators from turning your dream into a night mare.
Rules Governing Property Purchase in Goa by Non-Residents Rules pertaining to purchase and ownership of immovable property in India are governed by the Reserve Bank of India. A summary of the current prevailing laws are enumerated below. to view full details on Reserve Bank of India's official website. Rules for NRIs (Non Resident Indians) and PIOs (Persons of Indian Origin):
· An NRI is defined as a person residing outside India who is a citizen of India.
A PIO is defined as a person who has at any time held an Indian passport, or whose father or grandfather has been a citizen of India. NRIs & PIOs are permitted to purchase any number of residential/commercial properties in India. No special permission or filing of documents is required with the RBI. Under the general RBI permission available to NRIs & PIOs, funds must be remitted to India through normal banking channel or funds held in his NRE / FCNR (B) / NRO account. No consideration should be paid outside India. The NRI / PIO may repatriate the sale proceeds of immovable property in India acquired by way of inward remittance through normal banking channels or by debit to NRE /FCNR (B) account. The amount to be repatriated should not exceed the amount paid for acquisition of the immovable property. Repatriation of sale proceeds of residential property purchased by NRI / PIO out of foreign exchange is restricted to not more than two such properties. Capital gains, if any, may be credited to the NRO account from where the NRI/PIO may repatriate an amount up to USD one million per financial year subject to tax compliance. (Please refer the RBI Website for full details)
Rules for Foreign Nationals of Non-Indian Origin:
Foreign Nationals are permitted to lease property in India for a period of up to 5 years without the need for any special permission from the Reserve Bank of India. Foreign companies who have been permitted to open an office in India are also allowed to acquire any immovable property in India, which is necessary for or incidental to carrying on such activity. This stipulation is not available to entities which are permitted to open liaison offices in India. Though RBI rules allow a foreign national who is a Resident of India (i.e. one who has completed more than 182 days stay in India in the previous financial year) to buy property, the rule also states that "… the person concerned would have to obtain the approvals, and fulfill the requirements if any, prescribed by other authorities, such as the concerned State Government". (Please Note: We DO NOT advise foreign nationals to attempt to purchase property in Goa via this route at the moment.) (Please refer the RBI Website for full details)
Home Finance for NRIs & PIOs All major banks in India provide Home Finance for NRIs and PIOs. Check the details below for an overview of home financing options available from ICICI Bank. Majority of properties on Magic Masons Marketing Services are already pre-approved for Home Loans by reputed banks.
Purpose of Loan: Loans are offered for purchase, construction, extension or renovation of a new house or apartment.
Tenure of Loan:
For Salaried persons – Up to 15 yrs. For Self-employed persons – Up to 10 yrs.
Maximum Loan Eligibility: 85% of the total cost of the property
Documents Required: Click here if you reside in the USA
Click here if you reside in UK
Click here if you reside in UAE
Click here if you reside in Other Countries
Tools: Loan Amount Eligibility Calculator
EMI Calculator (Floating Rate)
EMI Calculator (Fixed Rate)
Buying Process Once you decide to buy a particular property, the following typical process is recommended. However, please note that this process may differ slightly from Developer to Developer, depending on the property selected.
On receipt of your enquiry we will check back with the owners/developers to re-confirm availability of the property and revert to you.
Though the properties on our site are of reputed owners/developers, purely as a matter of ‘Due Diligence’ we recommend that a legal scrutiny be done by a local Goa lawyer appointed by you. (Magic Masons provides complete assistance for this, making it hassle free for you. See MM Services. In cases where the project has already been legally checked and pre-approved by Banks, this step is optional.
Once the Lawyer completes the scrutiny (usually a period of 4-5 days) and gives his approval, you decide whether you/your representative wants to make a site visit/meet the owner/developer. If so, Magic Masons makes all the arrangements for this. (If you are not visiting personally but sending a representative, you need to give us a letter of authorization for your representative).
Once you decide to purchase the property a Booking/Token Amount is to be paid by you to the Seller/Developer to confirm your intent to buy the property. An official receipt for the same is issued to you by the Seller/Developer as acknowledgment of your payment and that the property has been reserved for you.
Magic Masons Sourcing & Coordination Fees of 2% + Govt. Service Tax is also to be paid by you at this time.
The next step is to sign the ‘Agreement of Sale’ (for properties under construction). If a property is ready for possession, this is not required and one can directly sign the final ‘Sale Deed’ against payment of the balance amount due for purchase of the property. Sale Deeds must be registered with the Registrars office.
At the time of signing the ‘Agreement of Sale’ most Developers require you to pay up the value of all installments that as per their Payment Schedule (linked to progress of construction) fell due for payment up to the current stage of completion of construction. Once signed, the ‘Agreement of Sale’ should to be registered with the concerned authorities. Subsequent payments are to be made in installments as per the developer's payment schedule for the remaining part of the construction. The ‘Sale Deed’ is signed once construction is completed and you can take possession of your property.
Stamp Duty & Registration charges for properties in Goa is currently at 4%. Usually 50% of this is paid at time of signing the ‘Agreement of Sale’ and the balance at the time of signing the ‘Sale Deed’.
It is best to be personally present in Goa for signing the ‘Agreement of Sale’ and ‘Sale Deed’ and registration of these legal documents. However if this is absolutely not Possible, you may appoint a ‘Power of Attorney’ to sign and register the documents on your behalf.
Typical Payment Schedule (for Under-Construction Properties) Following is the typical schedule of payment asked for by developers in Goa for properties under construction. This is only a representative sample and details may vary from developer to developer and type of property. Typical Schedule of Payment:
40% – Down Payment to sign ‘Agreement of Sale’. For completion of plinth and work up to 1st slab level. 20% – For completion of 1st slab, and advance for primary masonry and 2nd slab work. 20% – On completion of 2nd slab and masonry, and advance for plastering, wiring, plumbing. 15% – On completion of plastering, wiring, plumbing, and advance for tiling and finishing. 5% - On Final completion and signing of ‘Sale Deed’.
Stamp Duty & Registration Charges: Government Stamp Duty and Registration Charges are payable on all property transactions and these are borne by the Buyer. The prevailing rate for Stamp Duty and Registration Fee for purchase of properties in Goa is 4% of the property value.
Steven, www.magicmasons.com
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