A title company facilitates a real estate transaction between a buyer and seller. The title company searches for any liens on the property, collects all of the funds and holds them in escrow, prepares all of the documentation to transfer title, disburses all of the funds to the appropriate parties at closing and insures the buyer against any claims to the title that may appear after the closing
Choosing a Real Estate Attorney
Throughout the course of your real estate investment career you will inevitably need the guidance of a qualified attorney. Getting the right lawyer is crucial to you, and you have several options when choosing an attorney which include investing in a pre-paid legal plan online or hiring a local attorney in your area.
Real Estate Investors Home Office : What You Need To Know
You would think knowing what you need to setup a real estate home office for success would be a pretty easy question to answer. You need a desk, a chair, a computer or laptop, a cell phone and, that’s about it right? Wrong!
How to Make a Six Figure Salary in Real Estate: Part Three
Today we focus on two of the tried and tested “get rich slow” techniques that have proven to generate a positive cash flow and/or equity buildup in your investments over a period of years. As you can expect, these methods involve different risks than those used to get rich quick and as always you should invest based on your risk comfort level
Turning Your Properties Worst Feature Into A Selling Point
Very early on in my real estate investing career I partnered with two other people on the purchase of several local homes. Honestly, they knew less than I did about real estate investing but the saying “safety in numbers” kept running through my thoughts so a partnership was formed. It was a disaster, but it actually taught me so much about how to sell my investments.
Buyers Closing Costs for Commercial Real Estate Purchases
Closing a commercial real estate deal involves many of the same costs as you would find in a residential closing. The main difference is the costs are normally much higher for a commercial deal due to the additional research required in not only closing on the physical property but the financial aspects as well.
Successful Real Estate Negotiation Techniques
When you find yourself in what seems like an epic struggle to get a real estate contract finalized there are some negotiation techniques that may help you push that deal across the finish line. These techniques will vary depending on the type of person and investor you are and the specific type of transaction you are trying to close. Here are some useful negotiation techniques you should use regularly
IRS 1031 Exchanges Explained
One of the largest expenses real estate investors incur when they sell their properties is the capital gains tax. This is a tax on any profit you made from the sale price of the property minus the purchase price of the property, also known as your “basis” in the property.
Unorthodox Profits From Tax Liens
Sometimes to make money in real estate you have to go against the flow. One of the unorthodox and advanced strategies I employ involves bidding on tax liens that most people won’t understand, but which I’m about to explain to you now.