Below are some tips to prevent fire in the kitchen. Keep appliance clean and in good working condition. Install a smoke detector near Don’t use metal in the microwave. . Don’t overfill pots or pans with oil or grease. Wipe up spills and don’t cook on a dirty stove. Never leave cooking food unattended. Keep dish… Continue Reading
While out looking at properties for an investor client of mine, I noticed concerning cracks on the foundation of this house. Take a look for yourself. Foundation issues can be problematic. However, they can be fixed to avoid further damages and higher repairs in the future. For cracks less than 1/16 inch, the issue is… Continue Reading
Went out with a client of mine to look at potential investment property. We were informed of the mold. Well, we were in for a surprise. We elected not to venture into the house fully. We just stayed on part of the main floor. Take a look and see for yourself. Make sure to protect… Continue Reading
A short sale is a transaction in which the Seller is selling a property at a price lower than the amount he/she owes the bank. The bank is the ultimate decision maker. In fact, given that the bank will be faced with a lost, it will decide if the price is adequate or not. Prior… Continue Reading
An REO property, is a property that has gone through the foreclosure procedures and failed to sell at a foreclosure auction. After the Auction, the property goes back into the bank or institution’s portfolio. Once owned, by the bank, the property is then placed for sale, typically at a discounted price compared to non REO… Continue Reading
As of July 3, 2018, single family dwellings are exempt from TOPA . There is an exception, current tenants who are elderly or have a disability, retain their TOPA rights for the duration of their tenancies as long as they signed rental agreement by March 31, 2018, and taken occupancy by April 15, 2018.
Rates have been improving lately. lower rates can help lower monthly payments or Help qualify for a higher price point.
It might be a good idea to use an LLC to purchase a property if Privacy is important ( the buyer’s name is not displayed online, only the LLC) .There might be some appealing tax benefits as well. Moreover, in the unfortunate event that one is being sued, his/her personal’s assets are protected.It is always… Continue Reading