When you sell a home, potential homebuyers will typically make you an offer that involves a mortgage. But once in a while, a cash offer may come in. In other words, the buyer will offer to give you the entire cost of the home for sale in cash (or more accurately, a check or bank check) rather than in the form of a loan. At first, you may not think the fact that you have a cash offer really matters.
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Buying A Single-Family Home With The Intent Of Dividing It
Townhomes are becoming very popular. If you're in an area where homes are very in demand, you might consider purchasing a single-family home and then dividing it. There are often more single-family homes for sale, and you can make more substantial rental profits.
Here are some things to consider.
Take a Look at the Interior
If you're going to be creating multiple rentals in a single-family home, you need to have a realistic way to partition it out.
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Building A Home? How To Prepare Yourself For The Experience
Finally getting to the point where you can build a home from the ground up can be a surreal experience. You may have had a lifelong dream of one day living in a custom-built home, and now that it's finally about to happen, you probably want to dig in, break ground, and get the process started. However, building a great home takes a lot of thought, and it's better to do the planning ahead of time instead of waiting until you're knee-deep in the soil to make changes.
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The Importance Of Understanding Landlord-Tenant Laws With Rental Properties
If you own just a few rental properties, you might not have any trouble keeping up with keeping the units maintained and rented, but you might have problems understanding landlord-tenant laws. As a landlord, though, it is your responsibility to know the laws and follow them, as you can experience a lot of legal trouble if you break any of these laws in your state. Here are several problems you could encounter if you do not know and follow the landlord-tenant laws in your state.
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