Real Estate Business: Most Popular Articles
These articles are the most popular over the last month.
Calculate Capitalization Rate
To calculate capitaliztion rate (cap rate) for an income property that sold recently, you would divide the net operating income by the sold price to determine the capitalization rate. This percentage number could then be used to determine the value of another property if you know it's net income.
To calculate capitaliztion rate (cap rate) for an income property that sold recently, you would divide the net operating income by the sold price to determine the capitalization rate. This percentage number could then be used to determine the value of another property if you know it's net income.
Calculate Compound Interest
Compound interest is interest on principal plus interest on the accumulated interest. Real estate investing requires a knowledge of how to calculate compound interest.
Compound interest is interest on principal plus interest on the accumulated interest. Real estate investing requires a knowledge of how to calculate compound interest.
The Real Estate Short Sale
Real estate investors can frequently make very profitable purchases of real estate through a short sale. Many short sales do not get approved or fall through for a variety of reasons. Learn here the step-by-step process to initiate a short sale, starting with the homeowner-borrower and moving through lender negotiations to the closing.
Real estate investors can frequently make very profitable purchases of real estate through a short sale. Many short sales do not get approved or fall through for a variety of reasons. Learn here the step-by-step process to initiate a short sale, starting with the homeowner-borrower and moving through lender negotiations to the closing.
Real Estate Calculations
A spreadsheet real estate financial calculator solution. Set up to quickly calculate gross potential income, gross operating income, gross rent multiplier, net operating income, cash flow before taxes, cash flow after taxes, break-even ratio and return on equity.
A spreadsheet real estate financial calculator solution. Set up to quickly calculate gross potential income, gross operating income, gross rent multiplier, net operating income, cash flow before taxes, cash flow after taxes, break-even ratio and return on equity.
BPO, the Broker Price Opinion
The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Learn here when a BPO might be used, the types of BPOs and more.
The BPO, or Broker Price Opinion, is a tool used by lenders and mortgage companies to value properties in situations where they believe the expense and delay of an appraisal is not necessary. Learn here when a BPO might be used, the types of BPOs and more.
Rental Property Depreciation
One of the advantages of owning rental real estate is tax deductions that can offset income from operations of that property as well as others in some cases. Here's how depreciation works on a rental property.
One of the advantages of owning rental real estate is tax deductions that can offset income from operations of that property as well as others in some cases. Here's how depreciation works on a rental property.
Gross Rental Multiplier (GRM)
Gross Rent Multiplier or GRM is a tool used to assess the approximate value of a rental property by comparing its rental income with other like properties.
Gross Rent Multiplier or GRM is a tool used to assess the approximate value of a rental property by comparing its rental income with other like properties.
Calculate Net Operating Income
Net operating income or NOI is the monetary result of subtracting operating expenses from Gross Operating Income. Gross operating income is that income after deductions for vacancy and credit loss for a rental real estate investment property.
Net operating income or NOI is the monetary result of subtracting operating expenses from Gross Operating Income. Gross operating income is that income after deductions for vacancy and credit loss for a rental real estate investment property.
Special Warranty Deeds
A special warranty deed provides less protection for real estate buyer than a general warranty deed. The grantor warrants that they have legal title, and have not encumbered the property during the time they've held title.
A special warranty deed provides less protection for real estate buyer than a general warranty deed. The grantor warrants that they have legal title, and have not encumbered the property during the time they've held title.
Commercial Lease Calculations
Commercial Lease Calculations - Tools for Commercial Lease Calculations About>Business & Finance>Real Estate Business Essentials Investor Valuation Tools Real Estate Success Classes Annual Budgeting Plans A Day in the Life of a Listing Agent Outlook for Your Business
Commercial Lease Calculations - Tools for Commercial Lease Calculations About>Business & Finance>Real Estate Business Essentials Investor Valuation Tools Real Estate Success Classes Annual Budgeting Plans A Day in the Life of a Listing Agent Outlook for Your Business
Calculating Net Rental Yield
Many believe that consistently better returns on investment can be realized in real estate investment rental property than can be gained in stocks or bonds investments. The start of the process is an accurate estimate of rental yield for a property. See how to calculate it here.
Many believe that consistently better returns on investment can be realized in real estate investment rental property than can be gained in stocks or bonds investments. The start of the process is an accurate estimate of rental yield for a property. See how to calculate it here.
Rental Property Cash Flow
Many a wealthy person got that way with real estate. A smart buy on a rental property and good management can provide cash flow for other uses or investments. Here's a fourplex example.
Many a wealthy person got that way with real estate. A smart buy on a rental property and good management can provide cash flow for other uses or investments. Here's a fourplex example.
Calculate Simple Interest
The formula and method for simple interest calculation, using principal amount, rate and time is presented here. Used frequently by those in real estate investing.
The formula and method for simple interest calculation, using principal amount, rate and time is presented here. Used frequently by those in real estate investing.
Property Management Responsibi
Real estate property management is an area of specialization that involves four basic areas of responsibility. Marketing/Financial, Tenant and Occupancy, Facility, and Administrative are those four areas. Get more detail here on these four areas of real estate property management responsibility.
Real estate property management is an area of specialization that involves four basic areas of responsibility. Marketing/Financial, Tenant and Occupancy, Facility, and Administrative are those four areas. Get more detail here on these four areas of real estate property management responsibility.
Real Estate Courses Online
Free online real estate courses for new and experienced agents, brokers and real estate investors. Real estate math, expenses, income, investing, risk management and much more.
Free online real estate courses for new and experienced agents, brokers and real estate investors. Real estate math, expenses, income, investing, risk management and much more.
Real Estate Career For You?
Choosing a real estate career is a big step. Find out if you are suited to work independently and without a fixed salary, as well as if you're up to the task of building your own real estate business.
Choosing a real estate career is a big step. Find out if you are suited to work independently and without a fixed salary, as well as if you're up to the task of building your own real estate business.
Real Estate Domain Names
With millions of sites on the internet, It's easy to disappear. Your domain name is how people get to
With millions of sites on the internet, It's easy to disappear. Your domain name is how people get to
Starting as a Part Time Agent
Find out the pros and cons of starting your career as a part time real estate agent. See what it takes to make the part-time strategy successful.
Find out the pros and cons of starting your career as a part time real estate agent. See what it takes to make the part-time strategy successful.
10 iPad For Real Estate Tips
Whether you're trying to decide if an iPad is worth the investment for your real estate business, or you have one and you're trying to get the most out of it. These are tips and tricks to make it a replacement for your notebook most of the time.
Whether you're trying to decide if an iPad is worth the investment for your real estate business, or you have one and you're trying to get the most out of it. These are tips and tricks to make it a replacement for your notebook most of the time.
Value from Capitalization Rate
If the net operating income of a property is known, and it is divided by the capitalization rate for similar properties, the approximate current value of the property will be determined.
If the net operating income of a property is known, and it is divided by the capitalization rate for similar properties, the approximate current value of the property will be determined.
Why Real Estate Agents Fail
Assure your success in a real estate career by knowing the reasons others fail and taking action to overcome them. Competition, variable income commissions, burn-out, and unrealistic expectations are all important contributors to failure in the business.
Assure your success in a real estate career by knowing the reasons others fail and taking action to overcome them. Competition, variable income commissions, burn-out, and unrealistic expectations are all important contributors to failure in the business.
A Career in Real Estate
Real estate career benefits are many, and include the ability to be your own boss, set your working hours, build your own independent contractor business, create financial security and more. Pursuing a career in real estate has created many successful business people.
Real estate career benefits are many, and include the ability to be your own boss, set your working hours, build your own independent contractor business, create financial security and more. Pursuing a career in real estate has created many successful business people.
Commercial Real Estate Start
A common question is whether a person new to real estate should start out as a commercial real estate agent, or work into it from residential or another area of real estate. The decision requires an assessment of finances and abilities. A different skill set is required, and the first commission can be a long way in the future.
A common question is whether a person new to real estate should start out as a commercial real estate agent, or work into it from residential or another area of real estate. The decision requires an assessment of finances and abilities. A different skill set is required, and the first commission can be a long way in the future.
Real Estate Agent Activity
Far from just driving buyers around or placing for sale signs in yards, the daily routine of a real estate agent involves a great many interactions with title companies, other agents, brokers, attorneys, home inspectors, appraisers and more. Then there's the marketing and paperwork activity to top it off.
Far from just driving buyers around or placing for sale signs in yards, the daily routine of a real estate agent involves a great many interactions with title companies, other agents, brokers, attorneys, home inspectors, appraisers and more. Then there's the marketing and paperwork activity to top it off.
Rental Property Returns
Using an example fourplex rental property, we analyze how it cash flows and the tax advantages of ownership.
Using an example fourplex rental property, we analyze how it cash flows and the tax advantages of ownership.
Real Estate Types of Deeds
Types of deeds used to convey real estate. Learn types of deeds and what each conveys from grantor to grantee.
Types of deeds used to convey real estate. Learn types of deeds and what each conveys from grantor to grantee.
Real Estate Agent Expenses
Successful business people know their costs as well as their projected income. To remain in your real estate business, you must cover your real estate agent expenses as well as personal costs.
Successful business people know their costs as well as their projected income. To remain in your real estate business, you must cover your real estate agent expenses as well as personal costs.
New Agent Business Plan
Beginning a new real estate agent career is exciting, but it is a business. Since it's a business, you need a new real estate agent business plan. What you do early on can make the difference between success and failure. Find out the most important first things to do. They involve education, marketing, budgeting, determining costs, prospecting, your sphere of influence and more.
Beginning a new real estate agent career is exciting, but it is a business. Since it's a business, you need a new real estate agent business plan. What you do early on can make the difference between success and failure. Find out the most important first things to do. They involve education, marketing, budgeting, determining costs, prospecting, your sphere of influence and more.
Calculate Loan to Value Ratio
When working with real estate clients, agents and brokers are frequently tasked to help buyers to determine what they can afford in a home. One of the factors is the size of the mortgage they can get. The loan to value ratio is the percentage of a property's value that is mortgaged. Lenders will make mortgages based on maximum loan to value for different types of properties.
When working with real estate clients, agents and brokers are frequently tasked to help buyers to determine what they can afford in a home. One of the factors is the size of the mortgage they can get. The loan to value ratio is the percentage of a property's value that is mortgaged. Lenders will make mortgages based on maximum loan to value for different types of properties.
2011 Realtor Web Site Business
The National Association of Realtors just released their 2012 Member Profile with a lot of demographic data about real estate professionals. I want to concentrate on what I found interesting in the use of Web sites and the business they generated for the typical Realtor.
The National Association of Realtors just released their 2012 Member Profile with a lot of demographic data about real estate professionals. I want to concentrate on what I found interesting in the use of Web sites and the business they generated for the typical Realtor.
Contingency in Real Estate
A contingency, or condition, is written into a real estate contract to specify an event that, if it happens, the contract would cease to exist. An example would be a purchase contingent upon the buyer obtaining a loan at a specified interest rate or lower. Should the buyer be unable to do this, the contract would end.
A contingency, or condition, is written into a real estate contract to specify an event that, if it happens, the contract would cease to exist. An example would be a purchase contingent upon the buyer obtaining a loan at a specified interest rate or lower. Should the buyer be unable to do this, the contract would end.
Becoming a Real Estate Agent
Passing the test gets you the license, but it's far from enough knowledge to be successful in becoming a real estate agent for the long haul. Learn the top ten things you can do to help assure that you'll make the cut.
Passing the test gets you the license, but it's far from enough knowledge to be successful in becoming a real estate agent for the long haul. Learn the top ten things you can do to help assure that you'll make the cut.
Capitalization Rate
The capitalization rate, or cap rate, of a property is a percentage number applied to future income to determine current value. This formula is written as Cap Rate = Net Operating Income / Value.
The capitalization rate, or cap rate, of a property is a percentage number applied to future income to determine current value. This formula is written as Cap Rate = Net Operating Income / Value.
Terminate Real Estate Easement
Easements generally pass along with ownership changes in real estate. However, there are ways to terminate a real estate easement. Generally, this is not an automatic event, but will require some legal action. Learn about release, merger, non-use, adverse possession, destruction and quiet title action.
Easements generally pass along with ownership changes in real estate. However, there are ways to terminate a real estate easement. Generally, this is not an automatic event, but will require some legal action. Learn about release, merger, non-use, adverse possession, destruction and quiet title action.
Gross Potential Income
Gross Potential Real Estate Income - This is an easy calculation of the expected gross revenues from an income property. For rentals, the monthly or annual rents for all the units is totaled. No losses for vacancy or non-payment are considered. In other words, the property is considered fully occupied with all payments collected.
Gross Potential Real Estate Income - This is an easy calculation of the expected gross revenues from an income property. For rentals, the monthly or annual rents for all the units is totaled. No losses for vacancy or non-payment are considered. In other words, the property is considered fully occupied with all payments collected.
General Warranty Deed
A General warranty deed legally binds the grantor with certain covenants or warranties. Covenant of seisin, covenant against encumbrances, covenant of quiet enjoyment, covenant of further assurance, covenant of warranty forever.
A General warranty deed legally binds the grantor with certain covenants or warranties. Covenant of seisin, covenant against encumbrances, covenant of quiet enjoyment, covenant of further assurance, covenant of warranty forever.
New Real Estate Agents Plan
Getting your license soon, or a new real estate agent? Here's a detailed plan for start-up success. Learn what you have to do for income and expense budgeting, choosing a broker, new agent marketing and more.
Getting your license soon, or a new real estate agent? Here's a detailed plan for start-up success. Learn what you have to do for income and expense budgeting, choosing a broker, new agent marketing and more.
Triple Net Commercial Lease
The triple net lease in commercial real estate is used extensively in industrial and retail multi-tenant properties. In this type of lease the tenant pays certain expenses directly in addition to their rent.
The triple net lease in commercial real estate is used extensively in industrial and retail multi-tenant properties. In this type of lease the tenant pays certain expenses directly in addition to their rent.
Powered by Wordpress
Can you have a full-featured real estate web site powered by Wordpress? You bet you can. And some of the great features you pick up from the thousands of Wordpress plugins and widgets can make your site an informative and lead generating powerhouse.
Can you have a full-featured real estate web site powered by Wordpress? You bet you can. And some of the great features you pick up from the thousands of Wordpress plugins and widgets can make your site an informative and lead generating powerhouse.
Rental Mortgage Interest
In our series examining a fourplex rental property's income and taxes, we're now looking at the mortgage interest deduction. This is frequently one of the largest write-offs for the owner.
In our series examining a fourplex rental property's income and taxes, we're now looking at the mortgage interest deduction. This is frequently one of the largest write-offs for the owner.
Representation in a Short Sale
If you're going to enter the short sale game as a real estate professional, you need to be sharp. The lenders on the other side of the negotiations are not going to be push-overs, and you'll need to be on top of all facets of the process. Here are some tips.
If you're going to enter the short sale game as a real estate professional, you need to be sharp. The lenders on the other side of the negotiations are not going to be push-overs, and you'll need to be on top of all facets of the process. Here are some tips.
When to Use a BPO
Lenders, banks and loss mitigation companies use real estate brokers to provide a BPO, or broker price opinion, in certain situations where an appraisal isn't necessary or desired. Learn more.
Lenders, banks and loss mitigation companies use real estate brokers to provide a BPO, or broker price opinion, in certain situations where an appraisal isn't necessary or desired. Learn more.
Un-licensed Assistant Duties
Take care in assigning duties to an unlicensed real estate assistant, or if you are one, make sure you know what you are allowed to do according to your state's regulations. In most states, an un-licensed assistant cannot discuss property specifics, advise clients, or draft documents.
Take care in assigning duties to an unlicensed real estate assistant, or if you are one, make sure you know what you are allowed to do according to your state's regulations. In most states, an un-licensed assistant cannot discuss property specifics, advise clients, or draft documents.
Real Estate Investing Analysis
Rate of return is a measure of profitability; it measures the cash that a project will generate vs. the cash that you have to put into the project.
Rate of return is a measure of profitability; it measures the cash that a project will generate vs. the cash that you have to put into the project.
Major Property Types
Basic description of the major types of real property as marketed by real estate agents and brokers. Vacant land, residential, commercial, and multi-family are included.
Basic description of the major types of real property as marketed by real estate agents and brokers. Vacant land, residential, commercial, and multi-family are included.
Fee Simple Estates
A fee simple estate in land is the highest form of ownership recognized by law. The property owner is entitled to the full enjoyment and use of the property subject only to limitations such as deed restrictions or zoning.
A fee simple estate in land is the highest form of ownership recognized by law. The property owner is entitled to the full enjoyment and use of the property subject only to limitations such as deed restrictions or zoning.
Search Engine
A search engine is a web site that collects and organizes content from all over the internet. Those wishing to locate something would enter a query about what they'd like to find and the engine provides links to content that matches what they want.
A search engine is a web site that collects and organizes content from all over the internet. Those wishing to locate something would enter a query about what they'd like to find and the engine provides links to content that matches what they want.
Compensation in Real Estate
Traditionally, agents are sponsored by brokers and receive certain services from their broker. Commissions coming into the brokerage are split on a percentage basis between the broker and the agent. Learn more about how that split works here.
Traditionally, agents are sponsored by brokers and receive certain services from their broker. Commissions coming into the brokerage are split on a percentage basis between the broker and the agent. Learn more about how that split works here.
Quitclaim Deeds
The Quitclaim deed is the least protective for the buyer. Types of deeds. Real estate deed types.
The Quitclaim deed is the least protective for the buyer. Types of deeds. Real estate deed types.
Addendum in Real Estate
An addendum should not be confused with an amendment. While an amendment modifies a previously accepted contract, an addendum is part of the original contract. It adds necessary information, requirements or explantory documents to the original contract or purchase agreement. Once an agreement is reached and the contract accepted, additional documents are not added as addendums.
An addendum should not be confused with an amendment. While an amendment modifies a previously accepted contract, an addendum is part of the original contract. It adds necessary information, requirements or explantory documents to the original contract or purchase agreement. Once an agreement is reached and the contract accepted, additional documents are not added as addendums.
Start Investing in Real Estate
Before you start investing in real estate, know the math to identify good opportunities and manage them for profit. Understand the issues landlords face. Understand leverage, mortgage options, property suitability evaluation, and repairs and maintenance issues.
Before you start investing in real estate, know the math to identify good opportunities and manage them for profit. Understand the issues landlords face. Understand leverage, mortgage options, property suitability evaluation, and repairs and maintenance issues.
Commercial Real Estate Leases
Commercial leases for real estate are quite varied in types and terms. Learn about Gross, Triple Net and Modified Net leases here.
Commercial leases for real estate are quite varied in types and terms. Learn about Gross, Triple Net and Modified Net leases here.
Short Sale Lender Negotiations
Lenders turn down a lot of short sales, wasting time and money for investors, sellers and real estate professionals. Learn how to get the deal closed.
Lenders turn down a lot of short sales, wasting time and money for investors, sellers and real estate professionals. Learn how to get the deal closed.
Comparative Market Analysis
A comparative market analysis or CMA in real estate is normally done to determine the current market value of a property to list it for the seller, or to help a buyer to determine what they would like to offer for the purchase.
A comparative market analysis or CMA in real estate is normally done to determine the current market value of a property to list it for the seller, or to help a buyer to determine what they would like to offer for the purchase.
Choose a Real Estate Broker
Too many new real estate agents think that to choose a real estate broker is primarily based on commission splits. It's not all about the split, as the final in-your-pocket income has to do with many variable services provided by brokers. What training and education do you need and they offer? Do you need lots of floor time and leads provided by the broker?
Too many new real estate agents think that to choose a real estate broker is primarily based on commission splits. It's not all about the split, as the final in-your-pocket income has to do with many variable services provided by brokers. What training and education do you need and they offer? Do you need lots of floor time and leads provided by the broker?
Real Estate Assistant
A real estate assistant, un-licensed or licensed, can be an excellent way to enter the business. Learn by assisting an agent or broker in tasks involved with listing properties, selling homes, creating marketing literature and brochures, and service buyers and sellers.
A real estate assistant, un-licensed or licensed, can be an excellent way to enter the business. Learn by assisting an agent or broker in tasks involved with listing properties, selling homes, creating marketing literature and brochures, and service buyers and sellers.
Gross Operating Income
In real estate investment, we want to estimate the income of a property with a realistic estimate of losses due to vacancy and bad credit. This is called gross operating income or GOI. We subtract those estimated amounts from Gross Projected Income to arrive at Gross Operating Income.
In real estate investment, we want to estimate the income of a property with a realistic estimate of losses due to vacancy and bad credit. This is called gross operating income or GOI. We subtract those estimated amounts from Gross Projected Income to arrive at Gross Operating Income.
Jumpstart Your Real Estate SOI
Every real estate agent has a sphere of influence, a group of people upon which they have some influence, if for no other reason than they know you. This group will be a future source of business. Increasing the size of your sphere of influence will bring you much business over time.
Every real estate agent has a sphere of influence, a group of people upon which they have some influence, if for no other reason than they know you. This group will be a future source of business. Increasing the size of your sphere of influence will bring you much business over time.
Gross Commercial Lease
The commercial gross lease is sometimes also called a full service lease. The landlord generally agrees to pay all expenses in this type of lease, including taxes, insurance and maintenance.
The commercial gross lease is sometimes also called a full service lease. The landlord generally agrees to pay all expenses in this type of lease, including taxes, insurance and maintenance.
Addendum or Amendment
Real estate agents need to be sure that they know the difference between an amendment and an addendum to a real estate contract or purchase agreement. In real estate contract law, using the wrong document could lead to more than just a red face. An amendment changes an already-executed agreement, while an addendum is an additional document included in the original agreement.
Real estate agents need to be sure that they know the difference between an amendment and an addendum to a real estate contract or purchase agreement. In real estate contract law, using the wrong document could lead to more than just a red face. An amendment changes an already-executed agreement, while an addendum is an additional document included in the original agreement.
HUD-1 Settlement Statement
One of the first things every new real estate agent should learn is the HUD-1 Settlement Statement inside and out. After all, you'll be going over it with clients and frequently be asked to explain items or how they're calculated. Here's a completed example HUD-1 on a .pdf with live links to instructional quick tips for the items.
One of the first things every new real estate agent should learn is the HUD-1 Settlement Statement inside and out. After all, you'll be going over it with clients and frequently be asked to explain items or how they're calculated. Here's a completed example HUD-1 on a .pdf with live links to instructional quick tips for the items.
Real Estate Income Method
Appraisers and real estate investors use the income method to value properties that produce rental income in some form. The net income a property generates is used to determine its fair market value. Primarily, capitalization rate and gross rent multiplier are calculations used in this method.
Appraisers and real estate investors use the income method to value properties that produce rental income in some form. The net income a property generates is used to determine its fair market value. Primarily, capitalization rate and gross rent multiplier are calculations used in this method.
Commercial Real Estate?
There is an allure to commercial real estate. Many a residential real estate agent has considered the switch. However, know what's required first, and try to plan for your success.
There is an allure to commercial real estate. Many a residential real estate agent has considered the switch. However, know what's required first, and try to plan for your success.
Calculate the Break-Even Ratio
The break-even ratio of a real estate investment is the total of the debt service and operating expenses divided by the gross operating income. It is expressed as a percentage, the lower the better when lenders are looking at a deal.
The break-even ratio of a real estate investment is the total of the debt service and operating expenses divided by the gross operating income. It is expressed as a percentage, the lower the better when lenders are looking at a deal.
Aggregate Adjustment on HUD-1
In the 1000 series (Reserves Deposited With Lender) of the HUD-1 Settlement Statement, amounts are calculated
In the 1000 series (Reserves Deposited With Lender) of the HUD-1 Settlement Statement, amounts are calculated
Condominium
A condominium is one of a group of housing units where each homeowner owns their individual unit space, and all the dwelling share ownership of areas of common use.
A condominium is one of a group of housing units where each homeowner owns their individual unit space, and all the dwelling share ownership of areas of common use.
Fiduciary Duties - Real Estate
Obedience: As an agent of your client, you must obey their instructions. That's only if their instructions
Obedience: As an agent of your client, you must obey their instructions. That's only if their instructions
BPO or Broker Price Opinion
A BPO, or broker price opinion, is a broker's opinion of the value of a property in the current market. This term, and the product, are used mostly by lenders and banks that have properties facing foreclosure.
A BPO, or broker price opinion, is a broker's opinion of the value of a property in the current market. This term, and the product, are used mostly by lenders and banks that have properties facing foreclosure.
Investment Property Returns
Real estate investment property provides numerous advantages over other types of investments. This is primarily due to the different ways in which the real estate investor can realize returns on their property investments. These include mortgage payoff, appreciation, tax advantages, gains from inflation, and more.
Real estate investment property provides numerous advantages over other types of investments. This is primarily due to the different ways in which the real estate investor can realize returns on their property investments. These include mortgage payoff, appreciation, tax advantages, gains from inflation, and more.
Real Estate Budget Planning
As a real estate agent or broker, you're an independent contractor. Expenses and income for your business should be estimated carefully and a plan put in place to create the income to surpass expenses. With spreadsheets and the sales funnel process, it's not difficult and well worth a couple of hours of your time.
As a real estate agent or broker, you're an independent contractor. Expenses and income for your business should be estimated carefully and a plan put in place to create the income to surpass expenses. With spreadsheets and the sales funnel process, it's not difficult and well worth a couple of hours of your time.
C.L.U.E. Report in Real Estate
C.L.U.E. (Comprehensive Loss Underwriting Exchange) Reports give the insurance claim and loss history for a residential property. Insurers regularly report property losses to a company that compiles the C.L.U.E. Report to a homeowner. Only the homeowner or a prospective insurer can order it.
C.L.U.E. (Comprehensive Loss Underwriting Exchange) Reports give the insurance claim and loss history for a residential property. Insurers regularly report property losses to a company that compiles the C.L.U.E. Report to a homeowner. Only the homeowner or a prospective insurer can order it.
Townhouse
A townhouse is one of a row of homes sharing common walls. Differing from condominiums, townhouse ownership does include individual ownership of the land.
A townhouse is one of a row of homes sharing common walls. Differing from condominiums, townhouse ownership does include individual ownership of the land.
Why Invest in Real Estate?
With a major portion of the 1990's Standard & Poors Earnings running at 5% to 6%, with dividend earnings running 2% or less, an astute real estate investor would have done much better. With a strategy of only purchasing properties with expected rental yields above 6%, the added return potential of amortization, leverage, appreciation, tax advantages and more make real estate a sound alternative to other investment vehicles.
With a major portion of the 1990's Standard & Poors Earnings running at 5% to 6%, with dividend earnings running 2% or less, an astute real estate investor would have done much better. With a strategy of only purchasing properties with expected rental yields above 6%, the added return potential of amortization, leverage, appreciation, tax advantages and more make real estate a sound alternative to other investment vehicles.
Tips for the Real Estate Exam
Prioritizing your study subjects, and getting reliable resources and information are key to successfully passing the real estate license test. Real estate license exam tips are outlined here.
Prioritizing your study subjects, and getting reliable resources and information are key to successfully passing the real estate license test. Real estate license exam tips are outlined here.
Cash Flow Before Taxes
Cash flow is all the in and out flows of cash through a business, without regard to tax considerations. All money in or out is considered. This is Cash Flow Before Taxes or CFBT. The cash flow of a real estate investment is an important part of its viability as an investment. Rental properties are expected to cash flow more than mortgage payments and expenses to generate a profit.
Cash flow is all the in and out flows of cash through a business, without regard to tax considerations. All money in or out is considered. This is Cash Flow Before Taxes or CFBT. The cash flow of a real estate investment is an important part of its viability as an investment. Rental properties are expected to cash flow more than mortgage payments and expenses to generate a profit.
Real Estate Earnest Money
Buyers frequently deposit earnest money in a real estate transaction. Learn how real estate earnest money is accounted for, handled, and refunded in the real estate purchase transaction.
Buyers frequently deposit earnest money in a real estate transaction. Learn how real estate earnest money is accounted for, handled, and refunded in the real estate purchase transaction.
Real Estate Easements
Easements are the right of someone to utilize the real estate owned by another. Real estate easements can be created by written agreement of the parties, a deed conveying a property, condemnation, court order, prescription or by necessity.
Easements are the right of someone to utilize the real estate owned by another. Real estate easements can be created by written agreement of the parties, a deed conveying a property, condemnation, court order, prescription or by necessity.
Real Estate Referral Agent
The real estate referral agent is one of the highest paid non-entertainment jobs on the planet. Where's the value in this antiquated procedure that pays thousands of dollars an hour for actual effort or performance?
The real estate referral agent is one of the highest paid non-entertainment jobs on the planet. Where's the value in this antiquated procedure that pays thousands of dollars an hour for actual effort or performance?
Manage Calendar & Tasks on iPad
I think I've finally found an app for calendar and task management that will meet my needs for the foreseeable future. Pocket Informant for the iPad or the iPhone combines tasks and calendar events and meetings in one place. This is a review of the iPad app.
I think I've finally found an app for calendar and task management that will meet my needs for the foreseeable future. Pocket Informant for the iPad or the iPhone combines tasks and calendar events and meetings in one place. This is a review of the iPad app.
Calculate Return on Equity
Return on equity, as calculated in the first year of a real estate investment, is the cash return after taxes divided by the cash invested in the property.
Return on equity, as calculated in the first year of a real estate investment, is the cash return after taxes divided by the cash invested in the property.
Real Estate Marketing Plan
A step-by-step plan for any agent, but really great for new agents. Learn how to spend very little to realize a lot of real estate marketing clout.
A step-by-step plan for any agent, but really great for new agents. Learn how to spend very little to realize a lot of real estate marketing clout.
Title Insurance Binder
During the real estate purchase process, the title company will search the public records, and issue what is called a title insurance commitment or a title insurance binder. This document binds the title company to issue the insurance policy subject to the requirements being met. The list of exceptions are those items that will not be covered by the insurance policy.
During the real estate purchase process, the title company will search the public records, and issue what is called a title insurance commitment or a title insurance binder. This document binds the title company to issue the insurance policy subject to the requirements being met. The list of exceptions are those items that will not be covered by the insurance policy.
The Funnel Approach to Income
Planning real estate income is accomplished by determining your needed income, planning behaviors and activities, knowing the approximate results of these activities and behaviors, and developing a plan. You can determine precisely what you need to do each day to fill your sales funnel. A lot goes in the top and the sales dribble out the bottom. Knowing the ratio of what goes into the top of the funnel to what comes out the bottom tells you what you need to do.
Planning real estate income is accomplished by determining your needed income, planning behaviors and activities, knowing the approximate results of these activities and behaviors, and developing a plan. You can determine precisely what you need to do each day to fill your sales funnel. A lot goes in the top and the sales dribble out the bottom. Knowing the ratio of what goes into the top of the funnel to what comes out the bottom tells you what you need to do.
Real Estate Website with Ning
As you're trying to build an online community, you'll begin to draw members either living in or interested in your area. But, each person has their own interests as well. By making it easy for your members to discuss common interests in groups and forums, your site will grow.
As you're trying to build an online community, you'll begin to draw members either living in or interested in your area. But, each person has their own interests as well. By making it easy for your members to discuss common interests in groups and forums, your site will grow.
Listing Presentation Prep
Before you get in front of that listing prospect, be sure you have your ducks in a row. You're presenting your experience, expertise, marketing and transactions services.
Before you get in front of that listing prospect, be sure you have your ducks in a row. You're presenting your experience, expertise, marketing and transactions services.
Bundle of Legal Rights
The bundle of rights that the owner of real property has are those legal rights of ownership including, enjoyment, exclusion, disposition, possession and control.
The bundle of rights that the owner of real property has are those legal rights of ownership including, enjoyment, exclusion, disposition, possession and control.
Real Estate Niche Strategies
A great many real estate professionals do quite well by developing a real estate niche strategy, and concentrating their marketing efforts on their niche. Learn about some of the best real estate niche strategies here.
A great many real estate professionals do quite well by developing a real estate niche strategy, and concentrating their marketing efforts on their niche. Learn about some of the best real estate niche strategies here.
Encumbrances on Real Estate
Learn the types of encumbrances on real estate properties, including liens, deed restrictions, easements, encroachments and licenses. Real estate encumbrances can adversely impact the sale of a property.
Learn the types of encumbrances on real estate properties, including liens, deed restrictions, easements, encroachments and licenses. Real estate encumbrances can adversely impact the sale of a property.
Modified Net Lease
The modified net lease is so-named because it is a modified version of the triple net lease. Rather than paying all expenses, the tenant may pay taxes and insurance but share maintenance expenses with the landlord.
The modified net lease is so-named because it is a modified version of the triple net lease. Rather than paying all expenses, the tenant may pay taxes and insurance but share maintenance expenses with the landlord.
Vacancy and Credit Loss Calc
Rental vacancy and credit loss is the estimated dollar amount of lost rental income due to vacant units and non-payment of rent.
Rental vacancy and credit loss is the estimated dollar amount of lost rental income due to vacant units and non-payment of rent.
Short Sale Evaluation Process
The first step in the successful short sale transaction is to evaluate the situation of the homeowner, which includes the home's current value, as well as the mortgage information.
The first step in the successful short sale transaction is to evaluate the situation of the homeowner, which includes the home's current value, as well as the mortgage information.
Real Estate Consulting
Real estate consulting combines some of the practices of fee for service with an hourly fee delivery for services. The consumer, buyer or seller, can select services individually at flat rates, services in pre-packaged bundles at flat rates, or elect to have their needs met via an hourly rate.
Real estate consulting combines some of the practices of fee for service with an hourly fee delivery for services. The consumer, buyer or seller, can select services individually at flat rates, services in pre-packaged bundles at flat rates, or elect to have their needs met via an hourly rate.
Real Estate Listing Agreements
There are three basic types of real estate listing agreements, Open, Exclusive Agency, and Exclusive Right to Sell. You should know the difference in order to know who is and is not entitled to a commission on sale.
There are three basic types of real estate listing agreements, Open, Exclusive Agency, and Exclusive Right to Sell. You should know the difference in order to know who is and is not entitled to a commission on sale.
Bargain and Sale Deed
A bargain and sale deed does not warrant against encumbrances. It only implies that the grantor holds title and possession of the property. Real estate deeds. Types of real estate deeds.
A bargain and sale deed does not warrant against encumbrances. It only implies that the grantor holds title and possession of the property. Real estate deeds. Types of real estate deeds.
Brokerage Office Management
Learn the basics of real estate brokerage office management. An introduction to insurance, risk management, marketing, purchasing, sales and lead management, office and staff considerations.
Learn the basics of real estate brokerage office management. An introduction to insurance, risk management, marketing, purchasing, sales and lead management, office and staff considerations.
Skills Our Clients Value
Which of our qualities and skills do our clients value the most? This is a bit different from which services they value. Learn what they want most in personal qualities and job skills.
Which of our qualities and skills do our clients value the most? This is a bit different from which services they value. Learn what they want most in personal qualities and job skills.
A Day in a Listing Agents Life
A real estate listing agent will be involved in a myriad of details and activities. From checking the morning hot sheet, to doing comparative market analysis and making listing presentations, the listing agent is kept quite busy.
A real estate listing agent will be involved in a myriad of details and activities. From checking the morning hot sheet, to doing comparative market analysis and making listing presentations, the listing agent is kept quite busy.
Agent License Exam Tips
Best practice tips for studying for the real estate agent licensing exam. Helpful advice for taking and passing the test.
Best practice tips for studying for the real estate agent licensing exam. Helpful advice for taking and passing the test.
Referral Fees
Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
Definition - Referral fees in real estate are fees charged by one agent or broker to another for a client referred. They are most common when a seller client is leaving the area and their agent refers them to an agent or broker in the new area to which they're moving. Generally this fee is a percentage of the final commission received by the agent who accepts the referral.
Consider as a Commercial Agent
Commercial real estate agents have unique work environments and income structures that may not be right for everybody. Additionally, those who want to become commercial real estate agents should consider the personal qualities and education levels that agents successful within the commercial real estate industry possess.
Commercial real estate agents have unique work environments and income structures that may not be right for everybody. Additionally, those who want to become commercial real estate agents should consider the personal qualities and education levels that agents successful within the commercial real estate industry possess.
Net Operating Income (NOI)
Net operating income, or NOI, is rental income of a property after operating expenses. These expenses would include all operating expenses, including maintenance, insurance, janitorial, supplies, management, accounting, etc.
Net operating income, or NOI, is rental income of a property after operating expenses. These expenses would include all operating expenses, including maintenance, insurance, janitorial, supplies, management, accounting, etc.
USDA Rural Home Loans
If you practice real estate in a rural area, take a look at the USDA program that can get your buyer into a home with no down payment, and sometimes even no money out of pocket.
If you practice real estate in a rural area, take a look at the USDA program that can get your buyer into a home with no down payment, and sometimes even no money out of pocket.
Loan to Value (LTV) Ratio
The amount of the outstanding mortgage divided by the property's value is the LTV or loan to value ratio. The value is normally either the appraised value or the selling price, whichever is less. This is used in regular owner occupied mortages as well as properties purchased as real estate investments.
The amount of the outstanding mortgage divided by the property's value is the LTV or loan to value ratio. The value is normally either the appraised value or the selling price, whichever is less. This is used in regular owner occupied mortages as well as properties purchased as real estate investments.
Web Site Content
The importance of having a large body of unique and interesting real estate web site content cannot be overemphasized. Your site will never get good free positioning in the search engines without it. Learn how it should be done and where to get it here.
The importance of having a large body of unique and interesting real estate web site content cannot be overemphasized. Your site will never get good free positioning in the search engines without it. Learn how it should be done and where to get it here.
Cash Flow After Taxes
After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT About>Business & Finance>Real Estate Business> Real Estate Investment> Know the Math> After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT Most Popular Articles
After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT About>Business & Finance>Real Estate Business> Real Estate Investment> Know the Math> After Tax Cash Flow CFAT - Real Estate Investment After Tax Cash Flow CFAT Most Popular Articles
Voicemail to Email w/Youmail
Getting a voicemail to your email inbox has never been easier. YouMail, a free service, offers voicemail that takes the place of your cell provider's service and some cool services.
Getting a voicemail to your email inbox has never been easier. YouMail, a free service, offers voicemail that takes the place of your cell provider's service and some cool services.
Types of Broker Price Opinions
The two major groupings of BPO, or broker price opinions, are the drive by and the internal BPO. Learn more about them here.
The two major groupings of BPO, or broker price opinions, are the drive by and the internal BPO. Learn more about them here.
Licensed Assistant Duties
A licensed real estate assistant will add additional abilities, as most real estate licensing boards limit what an un-licensed assistant can do. These include document preparation, advice and interpretation, delivery of financial and title documents. attending closings and telephone marketing.
A licensed real estate assistant will add additional abilities, as most real estate licensing boards limit what an un-licensed assistant can do. These include document preparation, advice and interpretation, delivery of financial and title documents. attending closings and telephone marketing.
New Agent Marketing Budget
Get experienced advice and specific plans for setting a real estate agent marketing budget for your new real estate agent business the first year or so.
Get experienced advice and specific plans for setting a real estate agent marketing budget for your new real estate agent business the first year or so.
Lender Process for Short Sale
Once the short sale package is submitted to the lender, there are a number of actions the lender takes before making a decision as to whether to approve the short sale or not.
Once the short sale package is submitted to the lender, there are a number of actions the lender takes before making a decision as to whether to approve the short sale or not.
Operating Expenses & Cash Flow
If you're considering investing in real estate rental property, be sure that you understand the way that expenses and income are calculated and discussed. Operating expenses is one area of misunderstanding.
If you're considering investing in real estate rental property, be sure that you understand the way that expenses and income are calculated and discussed. Operating expenses is one area of misunderstanding.
Foreclosure Negotiations
If you aren't familiar with representing clients in foreclosure purchases, you can get a bit frustrated with the lender or bank in the process. Here's a real life example of a negotiation.
If you aren't familiar with representing clients in foreclosure purchases, you can get a bit frustrated with the lender or bank in the process. Here's a real life example of a negotiation.
Subagency in Real Estate
Subagency refers to a relationship between the listing and the selling agents in a real estate transaction.
Subagency refers to a relationship between the listing and the selling agents in a real estate transaction.
Associate Broker
A real estate person holding a broker license that chooses to associate or affiliate with another sponsoring broker rather than opening their own brokerage office. They want the added knowledge and status of a broker, but do not desire to operate an independent office.
A real estate person holding a broker license that chooses to associate or affiliate with another sponsoring broker rather than opening their own brokerage office. They want the added knowledge and status of a broker, but do not desire to operate an independent office.
Supply & Demand in Real Estate
Real estate supply and demand are different than in many fields or markets. That's because each real estate parcel is unique and real estate cannot be moved. In many fields or markets, if there is a shortage, more of the same product can be manufactured. The unique nature of real estate makes this impossible. You also cannot move more real estate into an area that has a short supply.
Real estate supply and demand are different than in many fields or markets. That's because each real estate parcel is unique and real estate cannot be moved. In many fields or markets, if there is a shortage, more of the same product can be manufactured. The unique nature of real estate makes this impossible. You also cannot move more real estate into an area that has a short supply.
Periodic Tenancy
Periodic tenancy, or estate from period to period, is one type of leasehold estate in real estate. There is no defined ending date for this type of lease, but usually a defined period of tenancy, such as month-to-month. Proper notice of termination must be given according to the agreement.
Periodic tenancy, or estate from period to period, is one type of leasehold estate in real estate. There is no defined ending date for this type of lease, but usually a defined period of tenancy, such as month-to-month. Proper notice of termination must be given according to the agreement.
Assignment Contract Basics
Many real estate investors, both new and very experienced, have made a lot of money using assigment contracts. Learn the basics here. Using little or none of your own money, make money assigning property contracts to other buyers.
Many real estate investors, both new and very experienced, have made a lot of money using assigment contracts. Learn the basics here. Using little or none of your own money, make money assigning property contracts to other buyers.
Internal Broker Price Opinion
The name Internal BPO would imply going into the home. This is definitely the case, however there could be much more involved. Learn the general requirements of an internal BPO.
The name Internal BPO would imply going into the home. This is definitely the case, however there could be much more involved. Learn the general requirements of an internal BPO.
Outlook Rule for Email to SMS
Create the rule to tell Outlook which messages you want to have automatically sent to your cell phone as sms text messages. This could be several rules, possibly for clients or with certain words in the subject or body of the email.
Create the rule to tell Outlook which messages you want to have automatically sent to your cell phone as sms text messages. This could be several rules, possibly for clients or with certain words in the subject or body of the email.
Short Sale Hardship Letter
Lenders resist short sales, so one of the first things the borrower needs to do is to convince them that it's really their best chance to recoup the most of their investment.
Lenders resist short sales, so one of the first things the borrower needs to do is to convince them that it's really their best chance to recoup the most of their investment.
Real Estate Policy Manual
From this article, you are linked to detailed explanations of the sections in an example real estate brokerage office policy manual.
From this article, you are linked to detailed explanations of the sections in an example real estate brokerage office policy manual.
Landlord Guide for Investors
Taking the step from buying and selling real estate properties to buy-and-hold strategies and landlord status is a large one. Be sure that you examine your capabilities and desires, plan for management, and that you're capable of dealing with tenants, managing rents, repairs and vendors. This landlord guide will help.
Taking the step from buying and selling real estate properties to buy-and-hold strategies and landlord status is a large one. Be sure that you examine your capabilities and desires, plan for management, and that you're capable of dealing with tenants, managing rents, repairs and vendors. This landlord guide will help.
Converting Expired Listings
Many an agent has built their new career on contacting expired listings and impressing them with their ability to do better than the last real estate agent or broker. The consultive approach, with straight-forward information and a formula to help you introduce hard facts about property condition and pricing is presented in this hard-hitting flyer.
Many an agent has built their new career on contacting expired listings and impressing them with their ability to do better than the last real estate agent or broker. The consultive approach, with straight-forward information and a formula to help you introduce hard facts about property condition and pricing is presented in this hard-hitting flyer.
Real Estate Lease Purchase
Using a least purchase agreement can be beneficial to both buyers and sellers of real estate. Learn why and how here.
Using a least purchase agreement can be beneficial to both buyers and sellers of real estate. Learn why and how here.
Improvement Location Report
: When real estate is changing ownership, there is likely a title insurance policy being issued to the
: When real estate is changing ownership, there is likely a title insurance policy being issued to the
iPad & Real Estate Floor Plans
Right after the iPad was released, I couldn't find a true floorplan app for it's large screen. But, I did find a vector drawing app, Intaglio Sketchpad. It did a great job of letting me scale a house floorplan and export it to my computer.
Right after the iPad was released, I couldn't find a true floorplan app for it's large screen. But, I did find a vector drawing app, Intaglio Sketchpad. It did a great job of letting me scale a house floorplan and export it to my computer.
3 Real Estate Business Secrets
The vast majority of people who do not make it in real estate fail in their first two or three years in the business. These 3 secrets for new real estate agent success can get you started right and make real estate your lifelong career.
The vast majority of people who do not make it in real estate fail in their first two or three years in the business. These 3 secrets for new real estate agent success can get you started right and make real estate your lifelong career.
Median
Median is a mathematical result that indicates that one half of a group is higher and one half lower than the median. Median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.
Median is a mathematical result that indicates that one half of a group is higher and one half lower than the median. Median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.
Cap Rate Calcs for Clients
Capitalization rate is a common method used in the process of arriving at the value of an income property, such as rental units, commercial rental space, etc. Learn the calculations you'll need as a real estate agent to work with your investor clients.
Capitalization rate is a common method used in the process of arriving at the value of an income property, such as rental units, commercial rental space, etc. Learn the calculations you'll need as a real estate agent to work with your investor clients.
Agency Status Explained
Knowing your duties and obligations in representing your client in a real estate transaction is critical. These obligations vary depending on your status. Are you an agent, subagent, transaction broker, etc? Learn what they mean here.
Knowing your duties and obligations in representing your client in a real estate transaction is critical. These obligations vary depending on your status. Are you an agent, subagent, transaction broker, etc? Learn what they mean here.
Financial & Marketing Mgmt
Real estate property management includes the responsibility off from marketing and financial functions. A comprehensive budget, marketing plan, and efficient implementation of them are a must. More information on the financial and marketing components of property management.
Real estate property management includes the responsibility off from marketing and financial functions. A comprehensive budget, marketing plan, and efficient implementation of them are a must. More information on the financial and marketing components of property management.
Procuring Cause in Real Estate
: The legal definition of procuring cause would be "the cause that results in the attainment of a stated
: The legal definition of procuring cause would be "the cause that results in the attainment of a stated
Lease Purchase for the Agent
Especially when home inventory is high, real estate agents shouldn't be avoiding the lease purchase option for buyers and sellers. Learn how you can get compensated.
Especially when home inventory is high, real estate agents shouldn't be avoiding the lease purchase option for buyers and sellers. Learn how you can get compensated.
Commission Split
The commission split in real estate is a multi-level sharing of the gross commission as charged to the buyer or seller of real estate. Two brokerages can split the commission and then it can be split again between the broker and the agent(s).
The commission split in real estate is a multi-level sharing of the gross commission as charged to the buyer or seller of real estate. Two brokerages can split the commission and then it can be split again between the broker and the agent(s).
Lease Document Elements
For investors and property managers, one key to a smoother interaction with tenants is a well-written lease agreement. Learn the basic items that should be there.
For investors and property managers, one key to a smoother interaction with tenants is a well-written lease agreement. Learn the basic items that should be there.
Meet Experienced Agents
So you've got your license and you're settling into your new office space. You need to make sure that you meet the experienced agents and listen more than you talk. Whether they're bragging or complaining, things that might help you slip out in conversations.
So you've got your license and you're settling into your new office space. You need to make sure that you meet the experienced agents and listen more than you talk. Whether they're bragging or complaining, things that might help you slip out in conversations.
Adapting Real Estate Farming
Real estate farming of neighborhoods has been around since the beginning. It doesn't go away because it is effective. However, with the Internet changing real estate marketing across the board, how can you change your farming methods to adapt and succeed?
Real estate farming of neighborhoods has been around since the beginning. It doesn't go away because it is effective. However, with the Internet changing real estate marketing across the board, how can you change your farming methods to adapt and succeed?
Short Sale Purchase Agrmt.
If a short sale is a possibility, and the price looks like a good investment, then a purchase agreement is the next step. Make sure that you know what to use and more important, what not to use.
If a short sale is a possibility, and the price looks like a good investment, then a purchase agreement is the next step. Make sure that you know what to use and more important, what not to use.
Real Estate Flood Cert
In most real estate deals involving a lender, the lender has their own source for getting a flood certification on a property before making the loan. A third party provider produces a report certifying the flood zone status of the property based on the most current FEMA flood maps. If your client is doing a cash deal, you might want to get them to do their own flood cert, or you can get it for them inexpensively.
In most real estate deals involving a lender, the lender has their own source for getting a flood certification on a property before making the loan. A third party provider produces a report certifying the flood zone status of the property based on the most current FEMA flood maps. If your client is doing a cash deal, you might want to get them to do their own flood cert, or you can get it for them inexpensively.
Estate for Years
An estate for years, or estate for term, is one type of leasehold estate in real estate. This type is a lease for a specific period, with a beginning and an ending date. No notice to vacate is required, as there is a definite date for the lease to end and the tenant to vacate.
An estate for years, or estate for term, is one type of leasehold estate in real estate. This type is a lease for a specific period, with a beginning and an ending date. No notice to vacate is required, as there is a definite date for the lease to end and the tenant to vacate.
Buyer Representation Agreement
Every real estate agent or broker that works with buyers has experienced the pain of losing a buyer to the listing agent or another company. But that's only one of several reasons to work with buyer clients under a buyer representation agreement. There are reasons good for them as well as you.
Every real estate agent or broker that works with buyers has experienced the pain of losing a buyer to the listing agent or another company. But that's only one of several reasons to work with buyer clients under a buyer representation agreement. There are reasons good for them as well as you.
Niche Marketing Opportunities
Many highly successful real estate agents and brokers get that way by concentrating on one real estate marketing niche and serving it well. Learn some of the best niche market opportunities here for real estate. Commercial properties, FSBO's, resort and vacation properties, minorities, first time buyers, singles,luxury homes and condominiums are included.
Many highly successful real estate agents and brokers get that way by concentrating on one real estate marketing niche and serving it well. Learn some of the best niche market opportunities here for real estate. Commercial properties, FSBO's, resort and vacation properties, minorities, first time buyers, singles,luxury homes and condominiums are included.
Cap Rate to Justify Price
Using the asking price of an income producing property and the capitalization rates of other similar properties in the area, one can calculate the income necessary to justify the asking price.
Using the asking price of an income producing property and the capitalization rates of other similar properties in the area, one can calculate the income necessary to justify the asking price.
Top 10 Real Estate Tech Tools
I am almost totally online now, operating in the cloud for my real estate business. Learn here about my top ten real estate technology tools, and most are free. The rest are cheap, costing a grand total of only about $10/month to use them all.
I am almost totally online now, operating in the cloud for my real estate business. Learn here about my top ten real estate technology tools, and most are free. The rest are cheap, costing a grand total of only about $10/month to use them all.
Dont's of Real Estate Leverage
Leverage, or the use of other people's money to control real estate, is an effective tool for real estate investors if used properly. Using only 10% down payment can produce a very attractive Return on Investment if other factors are properly balanced.
Leverage, or the use of other people's money to control real estate, is an effective tool for real estate investors if used properly. Using only 10% down payment can produce a very attractive Return on Investment if other factors are properly balanced.
Property Administration
Real estate property management requires a high level of detail as regards record-keeping. With financial, government regulation and risk factors involved, the more detailed and organized the records are the better. This is important not only for tenant management, but also for employees and subcontractors.
Real estate property management requires a high level of detail as regards record-keeping. With financial, government regulation and risk factors involved, the more detailed and organized the records are the better. This is important not only for tenant management, but also for employees and subcontractors.
Material Fact in Real Estate
A material fact in real estate is well-defined as a fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract or to the price paid or received.
A material fact in real estate is well-defined as a fact that, if known, might have caused a buyer or seller of real estate to make a different decision with regards to remaining in a contract or to the price paid or received.
Easy Agent Accounting
Whether you're a new, or an established agent, keeping up with income, expenses, and mileage shouldn't take up large amounts of your time. Learn how to do it with your voice and be up-to-the-minute with your records.
Whether you're a new, or an established agent, keeping up with income, expenses, and mileage shouldn't take up large amounts of your time. Learn how to do it with your voice and be up-to-the-minute with your records.
Independent Contractor Status
The vast majority of independent real estate agents are statutory independent contractors. This is a statutory status rather than common-law. The right of control and the 20 tests of the Internal Revenue Service to determine if one is an employee or independent contractor do not apply.
The vast majority of independent real estate agents are statutory independent contractors. This is a statutory status rather than common-law. The right of control and the 20 tests of the Internal Revenue Service to determine if one is an employee or independent contractor do not apply.
Commercial Property Types
Top commercial real estate property types as handled by real estate agents and brokers. From multi-family apartments to office, retail, industrial, and institutional properties, this is a large segment of total real estate ownership transfers each year.
Top commercial real estate property types as handled by real estate agents and brokers. From multi-family apartments to office, retail, industrial, and institutional properties, this is a large segment of total real estate ownership transfers each year.