Posts Tagged ‘real estate listing mls’

What is a buy and hold?

What is a buy and hold? This is another real estate investor lingo. This is exactly what it sounds like. You buy a property then hold it as a rental to collect a monthly cashflow. Buying and holding is the best way to build wealth. The monthly income helps scale businesses. It’s almost like a…

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What is a fix and flip?

What is a fix and flip? This is a real estate lingo. What it means is we buy a property, we do all the work to fix it and sometimes even improve it. We take care of everything and then we list it to find a new homeowner to sell to. What is a fix…

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Do you buy pre foreclosure properties?

Do we buy pre-foreclosure properties? The answer is yes! A pre-foreclosure property is when a seller stops paying their mortgage, the bank would sell the property on an auction if this is not fixed by the seller within a designated time frame. This is very stressful because there is a time component as a part…

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Do you buy already rehabbed properties?

Do we buy already rehabbed properties? The answer is yes! Especially if it’s a rental property. We have multiple exit strategies with this. We can buy and sell, buy and rent, or even rent to own schemes. This is why we can buy properties in almost any condition. Do you buy already rehabbed properties?

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Do you buy distressed properties?

Do we buy distressed properties? This is actually one of the main types of properties bought by Effortless Home Buyers. A distressed property is usually not fit to be listed on the market. Basically abandoned properties, those that need huge rehab work, lots of damage, or simply unlivable. Do you buy distressed properties?

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Do you buy probate properties?

Now, do we buy probate properties? The answer is yes. We are very familiar with the process. This is when someone passes away and their estate is not properly planned. The state will step in and make sure that the public is aware because that person may owe someone. The probate process can take a…

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What is an As is Offer?

An As-Is Offer is exactly as it sounds. It means we will buy the property in AS-IS condition. We will not ask you to paint the house, make repairs, or even clean up. We will handle all of that. What is an As is Offer?

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Do I need to do any rehab?

Do you need to do rehab when selling to an investor? The answer is no. And usually investors prefer you don’t do any rehab for that matter because they have a large network of contractors with pre-negotiated prices for volume work. Do I need to do any rehab?

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What happens to the tenant of a property that sells?

What happens to the tenant of a property that sells? This depends on the state. In Illinois, this is a tenant accepted state. What this means is regardless if the property changes hands, if there is a lease, it supersedes the sale. So for example, if the tenant has 6 months left on the lease…

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Do I need a real estate attorney?

Do I need a real estate attorney to buy and sell a property? The answer is no, but it is highly recommended. They are there to provide you knowledge because they do these transactions day in day out. While you don’t legally need one, it is best to have a real estate attorney to cover…

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