As an investor and property owner you need to protect your assets and protect yourself from personal liability. Do this by conducting all your business in a separate legal business entity. The more common business structures are Limited Liability Companies (LLC) and Sub-chapter S-Corporations. Consult with tax and legal professionals to set up the right entity that fits your business and investing goals. There are ways to set these entities up yourself directly with the state, but you’ll want to be careful doing this; you don’t want to shoot yourself […]
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Conduct Your Business in Separate Entity.
May 30, 2008 in RESIDENTIAL R.E., Step 10: Protect Your Assets
Short Sale Advice Right From the Horses Mouth
May 27, 2008 in RESIDENTIAL R.E., Step 03: Do Strategic Planning
It is not easy to get information and insights regarding foreclosures and short sales directly from banks and lenders. They are obviously a critical party involved as they are the ones doing the foreclosing and who will ultimately be making the decision on your short sale offer. Below are some great insights shared by Jim Satterwhite who is the vice president of price default management at Chase Bank. Smooth Short Sales: Tips from a Lender WASHINGTON — Real estate practitioners who’ve worked with clients on a short sale often complain […]
Homes More Affordable
May 23, 2008 in RESIDENTIAL R.E.
Homes are getting more affordable. Families earning the median household income of $61,500 could afford to buy 53.8 percent of all new and existing homes sold nationwide during the first three months of 2008, according to the Housing Opportunity Index released this week by Wells Fargo and the National Association of Home Builders. That’s up from 44 percent during the first three months of 2007 and the most affordable housing has been since the second quarter of 2004. This trend is a result of home prices falling off record highs, […]
Not All Bad News
May 23, 2008 in RESIDENTIAL R.E.
We frequently hear and read news reports and statistics about what is going on nationally in the real estate market. I don’t really believe there is any such thing as a “nationalâ€? real estate market. Different parts of the country behave very differently when it comes to real estate and different factors affect areas in vastly different ways. For instance, turmoil in the car industry could have a devastating affect on the housing market in Michigan and surrounding states and no affect at all in the market in Georgia or […]