Category: Real Estate

Here’s a question from one of my clients about buying a home with a kitchen table closure. My quick answer… Watch out! Q: Hi Lou, I have a contracted property that I want to resell/trade in as-is to a rehabber/renovator, but I may need to buy it quickly and simply file the Quit Deed, without using a closing attorney or […]

There are two types of government tax foreclosures; one is a bond and the other a deed. An investor may pay the cost of the tax lien on behalf of the owner stopping the foreclosure sale. This means that the property owner owes you the money that stopped the foreclosure sale, interest may be charged on this amount. If the […]

After a series of failed attempts to help homeowners in foreclosure, California lawmakers are now proposing a state-mandated mortgage mediation program. Will this provide needed relief for struggling borrowers or just throw lenders another pothole and slow down the recovery? Assembly Bill 1639 passed committee and will head to the California State Assembly floor this week. If this bill becomes […]

Ever wonder how they made those weird shaped or curved or triangular shaped concrete buildings? It’s not a secret and your imagination is the only limiting factor. Money, of course, helps buy materials, but in many cases used lumber or plywood will work just fine. Be inventive. A cardboard tube from the inside of a carpet roll when cut in […]

Management is synonymous with organization, operation, supervision and administration. Thus, construction management is any activity aimed at supervising construction processes. This is meant to monitor the entire process and make sure that it runs within the limits of the resources mustered for its completion. As in basic economics, resources are scarce and expensive. Each of these should be used for […]

While each of us needs a place to hang our hat and call home, there are several options and alternatives in terms of how one chooses whether to continue renting or buying. , and own, a house of your own! While financial considerations etc. are obvious factors, this article will highlight 5 other key factors involved and related to why […]

Currently, there are several hundred homes in Portland, Michigan, for sale by owner or FSBO. FSBOs have become increasingly popular with homeowners who are willing to do a little more work themselves to avoid paying real estate agents high commissions. However, at least in the current Michigan market, finding buyers is not easy. Many property owners think they can put […]

Many investors are rushing to take advantage of great real estate deals with our current state of economic trends. With many foreclosures on the market and more arriving there every day. However, with all the great deals on the market, tons of profit can be made. However, the biggest profits in history have come from farmers and landowners, and current […]

Most of the home sales contracts I work with these days have a home inspection contingency. This means that buyers can have a home inspector inspect the home they want to buy and ask the seller to fix any defects the home inspector finds. The contract provision applies to defects in structural elements, plumbing, heating, electrical, appliances, as well as […]

In recent months, the ‘little chicken’ syndrome has come upon us and many intelligent people have lost their senses and think that the sky is falling. Don’t get me wrong, there are some areas in the country where I would not currently choose to buy investment property. However, Columbus Ohio does not fall into this category in my opinion. In […]