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So Now That You’ve Closed on Your Investment, What’s Next?

You may already know the scenario. The momentum builds up, your paperwork is all in place after rushing for last minute signatures, etc., you overnight your package in and without you even having to be there, you are the proud owner of a new addition to your real estate portfolio. Now that the smoke clears and everyone goes home from the closing table, you may be left with the question, “Now What?”
After all the adrenaline and getting to the closing table which takes a lot of patience, attentiveness, organization, etc., you may feel a bit of a let down. Not to worry! Amongst all the excitement of now being the proud parent of a new born project (at least new for your portfolio), you should not forget that there are still items and tasks that need your attention.
IMMEDIATELY AFTER THE CLOSE
After you leave the closing table (if …

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Advantages of Real Estate Investment Strategies

If you are purchasing a property now then you require to research, research and more research to assure that you are purchasing a good investment instead a property that will allow you with a small hole in your Pocket. So you have seen a property in which you are interested in. Then you require visiting the road, where you are purchasing and the nearby areas on a number of occasions. Is a spot where the young’s hang out on a weekends. Walk around the roads on a large number of nights and you may notice expected noise disturbances.
If you are purchasing a property that requires reviving, make sure that you get a large number of quotes for the full works. If you are renovating and buying to create money then you require getting the right figures at the beginning just to make sure that you are being naturalistic. If …

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Using Lease to Own As an Exit Strategy on a Real Estate Investment

When it comes time to sell your rental property, you might want to try selling it using a rent to own or lease to own agreement. This type of agreement allows your tenants to live in the home as a renter as they work towards purchasing it from you.
In a rent to own situation, you would typically have a standard rental lease along with a separate contract that contains the option for the tenant to buy the rental property during a set time period. The price of the property is listed in the contract (and is usually slightly higher than market value today to account for inflation or appreciation), and if the tenant buys the property, you must sell at that price. However, the tenant can decide not to buy and are not obligated to buy. They simply have the option to purchase.
Here’s simply how rent to own …

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What You Can Do to Help Assure That You Purchase a Profitable Investment Property

Investment property is not like the real estate investment you might make when you purchase a home. A home is where you live, raise a family, and socialize with the neighbors, so you would want a desirable floor plan, good school district, and amiable neighborhood. Investment property on the other hand essentially is none of those things and real estate investing really boils down to numbers.
Therefore, as a real estate investor with an eye toward profit, be less concerned about whether the property is where you would choose to live (because you probably will never live there), and instead consider the money you might make to care for the family or perhaps supplement your retirement by owning the property.
Here’s the point.
A profitable real estate investment does equate to your standard of living; what matters most to you as an investor is what tenants think about occupying your …