Getting approved for a loan is much different than it was a decade ago. In the past there were multiple options and programs for every different income type and down payment. Today there is much more documentation required and everything is much more scrutinized. A seemingly innocent document requested at the 11th hour could cause the […]
Author Archives: Roland Harrell
The Impact Of A Foreclosure On Your Credit Report
There are few things more impactful to your financial health than a foreclosure. Aside from a bankruptcy, a property foreclosure is one of the worst things that can negatively affect your credit. Not only does it hurt your credit in the short term, but it has a lasting impact that could take years to recover. […]
Top 7 Benefits Of Owning A Rental Property
Everybody is on the hunt for the perfect investment. We want minimal risk, high returns and easy management. What we don’t realize is that those are hard to come by. Instead of constantly searching for the perfect investment you should look for something more easily attainable. A rental property is undoubtedly the best long-term investment currently available […]
How To Attract Tenants To Your Rental Property
Having a quality rental property is not enough to attract tenants. In hot markets good rentals may be a dime a dozen. You need to come up with ways to have your property stand out from the crowd. Instead of massive upgrades throughout the property you are better off making subtle, but impactful, changes. Updating […]
Buying Rental Properties in Poor Locations
One of the things that makes real estate investing so great is that there are different options for different tastes. A situation that you would may personally be staunchly opposed to, someone else may see value in. It doesn’t make either of you right or wrong, it simply boils down to personal evaluation. One of […]
What To Do If You Can’t Make Your Next Mortgage Payment
As financially damaging as the mortgage collapse of 2009 was, it wasn’t nearly as widespread as what we are currently facing. There are many people in various sectors who are currently not earning a paycheck or generating income. Savings have been exhausted and paying everyday bills has become more difficult. Fortunately, the government has thrown […]
Tips for Working With Cash Buyers
At face value, working with cash buyers should be simple. Unfortunately, this is not always the case, and working with cash buyers can be difficult. There are a few malpractices to look out for when working with cash buyers to save time and frustration. Over the years, many cash buyers draft terms in their offers […]
The Process of Selling Inherited Property
Dealing with an inherited property or a property in probate can be a difficult and time-consuming process. Because of the many laws associated, an inherited property can take months before the title changes hands. When it finally does, you can be left with a property that hasn’t been updated in years and is in dire […]
Understanding the Short Sale Process
A lot has changed in the world of real estate over the last decade. As difficult as it may be to believe, the mortgage collapse was over ten years ago. A defining term that emerged shortly after the collapse was the “short sale”. There is a good chance that even if you were in real estate you probably never […]
Home Inspection Tips for Sellers
No one likes it when a good deal dies. Especially when selling your home, it can be disappointing. Whether the property won’t sell due to financial complications or miscommunications, learning that a great offer has fallen through is always a setback in real estate. Unfortunately, home inspections are a well-known deal-killer within real estate. They’re […]