Section 8 is a program for low-income tenants, where the government subsidizes a portion of the rent. You can rent your houses to approved tenants, and the Section 8 program will pick up part or all of the rent every month.
Many landlords enjoy the strategy because it’s guaranteed income. The government pays their portion of […]
One of the most powerful clauses in real estate investing is "and/or assigns." By putting those three little words in a contract after the name of the buyer, you not only gain exclusive control over the property, but you also create the opportunity to assign your contract to an investor for a fee.
To illustrate, […]
In real estate investing, a "spread" is the difference between the property’s fair market value and the total sum invested. If it sounds complicated, here’s an example. If you buy a house that is worth $100,000 for $70,000, the spread is:
No term in the real estate investing field is more misunderstood than flipping. Realtors and attorneys will tell you that flipping a house is illegal. Is it? The answer is yes… and no. "Flipping" has two separate definitions. The one attorneys and realtors talk about is illegal. Investors use the second and completely different definition, […]