Storm damaged residential real estate seems like the perfect fix and flip opportunity. The premise of repairing the storm damage and flipping the house may seem straightforward. As anyone experienced in renovations can testify there is nothing straightforward about this aspect of the real estate investment business.
Weather affects home sales. This is a very straightforward conclusion that can be drawn by anyone trying to sell a home during a blizzard, hurricane or other severe weather event. If potential buyers cannot get to the house, they cannot make a decision to buy it.
Curb appeal is a critical part of marketing real estate investment properties, and each season brings its own unique challenges and opportunities. The need to make a great first impression in the fall is just as great as any other time of year, but the distinct quality of fall presents some fantastic opportunities that are just not available in the winter, spring or summer.
For the Atlantic and Gulf Coasts, the thought of a hurricane is a fact of life. Recently, the fact is that violent storms have made life unbearable for millions of coastal residents. In spite of this recurring devastation, there are increasing numbers of Americans living in coastal areas prone to hurricanes.
While it’s difficult to know for sure what will be included in a final draft of a proposed tax reform plan, let alone one that is passed by Congress and approved by the president, we do have some clues about what may be included in the plan.
A real estate loan borrower’s profile plays a salient role in the lender’s due diligence process and analysis. The mortgagee reviews the mortgagor, in a comprehensive manner, in order to deem any lending activity a prudent risk to the loan portfolio.
Changes in the interest rate environment and changes in financial circumstances have made refinancing a fact of life for the active real estate investor. Individual homeowners may be able to stick their head in the sand and steadfastly pay off a 30 year fully amortized mortgage.
There are a variety of tools and techniques that the savvy real estate investor has under their belt which allows them to adapt and adjust to a range of situations. From understanding how to use a financial calculator to simply knowing the most commonly used terms, experienced investors build a repertoire that is suitable for the specific area of real estate investing they choose to focus on.
There are times in the career of every real estate investor that can be looked back on as pivotal. Transactions that went awry, situations that turned bad, and problems that turned up. These are all inevitable for anyone in the real estate business for any length of time.
It is an axiom of business that every venture or transaction will either sink or swim. The absolute truth expressed in this saying is that success or failure are the only two outcomes, and eventually it all ends in one place or the other. Naturally, real estate investors aim for success, and doggedly overcome obstacles in order to achieve it.