We recently purchased a 4 bedroom 2.5 bath townhouse foreclosure. We plan to rent it out, but first, we want to increase the market value and monthly rental income by adding a full bath! The 4th bedroom is on the lower level. We just added a walk-in closet to the 4th bedroom. To learn more […]
Posts with the real estate tag
Increase #Rental #Income! Add Walk-In #Closet to #Bedroom! #propertybrothers
We are embarking on our first renovation project! We just purchased a 4 bedroom townhouse, and the 4th bedroom is on the lower level. It has space for a walk-in closet, and we are hiring a contractor to hang drywall, paint, add carpeting, light fixtures, shelves, etc. We are very excited about our project because […]
Chasing #Foreclosures! The #LightHouse! #foreclosure See Videos!
It’s Foreclosure Saturday! We have a standing 4pm appointment every Saturday to meet with our Real Estate Broker and look at foreclosures. We believe the real estate market is poised to take off and we want to be on-board the rocket ship! Therefore, we are always looking. When you think of foreclosures, you probably think […]
When Bidding on #Foreclosures … #realestate #foreclosure See Videos!
Bidding on foreclosures is riskier than making an offer on a property listed for sale by a private seller. The reason is because foreclosures are sold “as-is,” meaning the seller offers no warranty on the condition of the property. If the property has been vacant for awhile, problems can fester and grow worse over time. […]
Do Power Lines Hurt #RealEstate #MarketValue?
It’s Foreclosure Saturday! We have a standing appointment to meet with our Real Estate Broker every Saturday to look at candidates for purchase. We met to view a large townhouse that has been foreclosed twice in the past 4 years. The townhouse has 3 bedrooms and 2 full baths on the upper level; a large […]
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#Congress Just Opened #RealEstate FloodGates!
In the FY2016 Federal Budget just passed by Congress, and signed by the President, a little known law that limits the amount of foreign investment in the U.S. real estate industry, has been relaxed. Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at University of California, Berkeley, projects an additional […]
When Prospective #Tenant Rushes You … #tenantscreening
We have a 3 bedroom 2 bath townhouse available for rent. A 30-year old woman with 2 children applied to rent the townhouse on a Sunday evening. She has a $90,000 annual salary, a FICO score of 640, and a very good landlord reference from her previous landlord. We called her current supervisor and character […]
Hot #RealEstate Markets in #WashingtonDC, #Maryland & #NorthernVA!
The real estate markets in the Washington Metropolitan area include Washington DC, and it’s surrounding suburbs in Maryland, and Northern Virginia. These markets have always been supported by good, middle to upper middle class jobs provided by the Federal Government. For details on what’s hot in Washington DC, Suburban Maryland and Northern Virginia, click: What’s […]
#TenantScreening — Bait & Switch! #tenant #tenants
For the first time in our real estate investing career, we encountered a bait & switch ruse. Here is what happened … We began advertising a 3 bedroom townhouse for rent. Our first phone call was from an elderly woman in her late 60s. Her initials were AP. AP said her retirement income was $6500 […]
#RealEstate #RetirementPlan in Action! #retirementincome
We have written several articles on how to create your own retirement plan by investing in real estate. Our articles include: Create Your Own Pension Plan Secure Your Retirement with Rental Income 4 Reasons to Add Real Estate to Your Retirement Plan It is gratifying to see an article about a young couple who purchased […]