Steve Gillman is a long-time backpacker, and advocate of lightweight backpacking. His tips, photos, gear recommendations, and a free book can be found at .
A Real Estate Quiz 1. A "no-doc" mortgage loan means you don't have to have any source of income. True or False?2. An income property without any special problems is a good deal if it has a capitalization rate (or more commonly called the "cap rate") of:A. 10 or higher B. 05 or lower C. Not enough information3. In a 1031 exchange you can't sell your property and then buy another, but must trade your property for...... Similar Editorial : by pmegan. | Source : Turtle Creek Real Estate
Real Estate Speculation In Hot Markets Why real estate speculation? You can make a lot of profit in a year or less if you have your timing right, especially if you have your cash split into small down payments on many properties. Of course it is easy to guess wrong when it comes to future price appreciation, and this can mean you get eaten alive by expenses on properties that don't go up in value fast enough.This is a common method of...... Similar Editorial : by Dan Auito. | Source : Turtle Creek Real Estate
Buy-Change-Sell: A Real Estate Strategy Here's a proven real estate strategy: Buy a property, change the use, and sell it for a profit.Big profits are possible if you find its most profitable use. The disadvantages of this strategy? There is a lot of homework required, and many possible dealings with zoning authorities and others.Years ago there was a row of old homes on a main street in the Northern Michigan town where I used to live....... Source : Turtle Creek Real Estate
How To Use A Real Estate Option Using a real estate option to control land can turn a small cash investment into big profits. And the downside? You can lose all your investment, and many options DO expire worthless.An option is a simple concept. You pay for the right to buy something within a certain amount of time at a certain price with certain terms. But you have no obligation to follow through and buy it.Example of a Simple...... Similar Editorial : by Dan Auito. | Source : Turtle Creek Real Estate
Why Become A Real Estate Agent? It may seem that if you become a real estate agent you can make a lot of money with little risk, just by selling other people's property for them. This is almost true. You also can get the inside scoop on possibly profitable investments. The part that isn't entirely true, is the low-risk part. It can be a tough business to start out in, especially if you don't know many people. It takes money and...... Similar Editorial : by Dave Peniuk. | Source : Turtle Creek Real Estate
Big Profits From Real Estate Notes Discounted real estate notes provide a good return without having to actually buy or sell any real estate. This has become a competitive market, so it can be hard to get started. But the risks are low and the returns high.What are real estate notes? They are the loan documents for real estate loans. Also called "paper" or just "notes", these are the contracts that obligate a borrower to pay back a...... Similar Editorial : by Dan Auito. | Source : Turtle Creek Real Estate
Sell Your Income Property For More Selling income property isn't like selling a house. You can paint a house, and get a little more because it looks nice. Rental property is different, because it's bought by investors, who look at income more than new paint. Raise income, and you increase value.Let's assume investors in your area expect a capitalization rate of .08. That means that they want a net return (before loan payments and...... Similar Editorial : by Anne Tide. | Source : Tips On Home Buying
Four Reasons To Offer Seller Financing An example of seller financing: Years ago I bought a rental property, and nine months later sold it for 15% more, without fixing or improving a thing. The easy terms are what sold it. I took $1000 down, and I still get a payment every month, with 9% interest.Four Reasons To Offer Seller Financing1. To get a higher price. As you can see from the example above, buyers pay for easy terms. From the...... Similar Editorial : by Benjamin DeBell. | Source : Tips On Home Buying
Seller Financing - Six Safety Tips Why offer seller financing when you sell? A higher price, a good return on your money, a faster sale and to sell a property that is otherwise difficult to sell. Some good reasons, but how do you do it safely?1. Get a large downpayment. The most obvious way to be safe, and not always possible. 2. Get other security. If they want it with little down, and you like the return you'll get, make it safe...... Similar Editorial : by Kim Lee. | Source : Tips On Home Buying
Selling Your Own Home - An Outline Selling your own home can be a time-consuming and frustrating process. Though listing with an agent is probably the best plan, I won't leave you do-it-yourselfers without some helpful information. In the right market, it may make sense to save the commission and do it yourself - if you know what you are doing. Use the outline here to do it right, and to avoid common mistakes.First Understand Home...... Similar Editorial : by Michelle Annese. | Source : Tips On Home Buying
Refinance Rental Property - Dont Sell It You own a rental property for years, and never see the "big pay-off." Is it time to cash in on your investment, now that you've paid down the mortgage, and values are up? Maybe not.The Problem With SellingSelling means you'll have to pay a large capital gains tax. This can be avoided if you reinvest through a 1031 exchange, but then the point is that you want your money, right? Also, a good rental...... Similar Editorial : by George Gonigal. | Source : Tips On Home Buying
Buying Rental Property - Avoid Sellers Tricks Be careful when buying rental property. We stayed at a motel for a week one winter. The bill showed twice what it should have, but since I already paid the correct amount in cash, I thought nothing of it. When we noticed that the lobby and swimming pool were unheated, we thought it was frugality. Only a year later, when I read a news story about a new owner struggling to make the motel work, did I...... Similar Editorial : by Editor-123. | Source : Tips On Home Buying
Motivated Sellers - How To Find One Motivated sellers? My wife and I were trying to keep the renters happy, the rent coming in and the house repaired - while living 2100 miles away. You bet I was motivated. We just sold our house last month, and even got a good price, but I'll tell you a secret. We would have sold the place for... well I don't want to stress out the buyer if he reads this. Let's just say we would have sold it for...... Similar Editorial : by Dr. Zonnya First Lady of Motivation. | Source : Tips On Home Buying
They Are All Motivated Sellers The importance of finding motivated sellers is stressed by almost every real estate guru out there. Of course it is ideal if you can find that seller who just wants to get rid of his property no matter what - and fast! All sellers have their own motivations, though, and you can make a better deal out of any property if you learn what those motivations are and use them in your negotiating.In a...... Similar Editorial : by Rick Sarouk. | Source : Tips On Home Buying
Selling Land - Three Important Tips Selling land or small lots? Would you like to get more for your property and sell it faster? Then there are three important things you should do.My very first piece of real estate was two-and-a-half acres adjoining some state land in northern Michigan. I paid $3,500 for it. Land was cheap back then. I sold it for $4,750 just two weeks later. I'm convinced that selling land so easily, and for 35%...... Similar Editorial : by Thomas Pretty. | Source : Tips On Home Buying
Two Investment Mistakes Investments are not worth what you feel they are worth. They are worth only what the market will pay. Try to think as an outsider would to avoid this investment mistake... Similar Editorial : by Thomas Pretty. | Source : Guide to Investment Pg. 60
Real Estate - Make Money With This Technique But one millionaire real estate investor who uses this technique told me, If youre not truly embarrassed by your offer, it isnt low enough.... Similar Editorial : by Thomas Pretty.
They Are Lying To You The politicians - they get praise and votes for their public concern. The bureaucrats - they get power as regulators. Us consumers? Only if we want lies that make us feel good... Similar Editorial : by Thomas Pretty.
Negotiating A Real Estate Deal If the seller hesitates, you can say something like, How about we close when you want to, and you keep the maintenance truck for your other properties?A few good techniques make a big difference wh...... Similar Editorial : by Thomas Pretty.
The Backwards Lying Trap Thats another little clue we can use to tell if someone is lying. But the primary lesson here is that liars have a harder time keeping their stories straight when they have to tell them backwards.... Similar Editorial : by Thomas Pretty.
Backpacking Recipes - The Simplest The salad dressing container can be used as an extra water bottle when it is empty. I like backpacking recipes that keep it light, and multi-use containers help with this... Similar Editorial : by Thomas Pretty. | Source : Camping Holidays In Cyprus
Travel Bargains: A How-To Guide But the other way is to just plan for inexpensive destinations and activities. Often youll find that you have even more fun on the trips that cost half as much. Now thats a travel bargain... Similar Editorial : by Thomas Pretty. | Source : Travel and Leisure Magazine Pg. 425
Six Ways To Be Dumber Mental laziness, on the other hand, makes you dumber.There are more ways than these to be dumber, but avoiding the ones listed here is a good way to start increasing that brainpower... Similar Editorial : by Thomas Pretty. | Source : Self Improvement and Motivation Pg. 138
True Or False? So it is true that whole wheat is healthier, but false that you can count on the word wheat to know youre getting the real thing... Similar Editorial : by Thomas Pretty.
