If you are looking at multi-family homes in pre-foreclosure in order to grow your property management business, tax issues may come up during the sale process or after you have passed papers. These tax issues could include outstanding real estate tax bills or liens that were not found and taken care of prior to your purchase. In these types of situations, you will be responsible for paying the bills.
What Is Pre-Foreclosure?
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If you are downsizing or renting upon first moving to a new area, you may find yourself in need of a secure storage facility. While finding a place to store excess items may be somewhat easy, choosing which items to store may be a bit more of a challenge. Here is a guide to help you decide which items can be safely housed in a storage facility.
Seasonal Items
When creating extra space in your home, one thing that can be done is to box up items that are only used during particular seasons.
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If you've been trying to sell your home for a while, there's nothing like hearing a potential buyer say the phrase "home inspection" to make you start losing sleep. To get through the home inspection a little easier, there are a few things that you should do:
Clear A Path
One of the best ways to make a home inspection easy is to make sure that the inspector can get where he or she needs to go.
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Whether you're a property owner or managing a property for someone else, it's important to protect that property by carrying out thorough credit and background checks on any prospective tenants. That way, you can identify those individuals whose criminal record, record of evictions or history of not paying rent on time make them unacceptable risks. All landlords are allowed to carry out background checks and review credit records when they want to screen applicants.
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If you've been paying on your home for a while and need money, you might think that a home equity loan is the way to go. In most cases, because you have two loans, you could end up paying more per month than if you did a cash out refinance on your property. This guide explains what a cash out refinance is and when to consider this option.
What a Cash Out Refinance Is
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