The buyer agreed to purchase the property “as-is,” which indicated the property needed an update. The cash sale was scheduled to close in 10 days. The buyer, a real estate investor, offered a purchase price of $175,000 – far below fair market value – to perform needed repairs. The property was in Arizona, but the [...]
by Tony Youngs As we moved into the new year, we were enjoying a great economy and real estate was booming. It seems that overnight, everything changed. The Coronavirus took us by surprise. You may be asking yourself, “What now?” What do we do as a real estate investor? We simply adapt to the changes. [...]
Q: I just bought a property at a traditional sale and the owner is refusing to leave. Are they protected by the CDC Order? A: Provided that you never entered into a lease with the former owner and they were supposed to transfer possession to you at close of escrow, then they are not protected [...]
by Lisa Schoen, Investment Specialist Many of our ancestors immigrated to chase the American Dream; which for many meant owning land. Today that dream extends beyond owning the land we live on. My clients and I want to own the land others live on. Our dream is to have tenants who pay down our debt [...]
How are Interest Rates Determined? What’s the current rate? As loan officers we get this question daily. While it seems like an innocuous question that should be simple enough to answer, there are many variables that play a role in determining the “current rate.” While there is no such thing as the “current rate,” there [...]
In Arizona, residential investors and home-owners always insure for the cost to-rebuild. The vast majority of residential homes are newer, and by insuring for cost to re-build, the owner knows that there is enough insurance coverage to replace the house with a new one if something really bad happens. The “Parable of the Twins”: Brad [...]