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Buying REO Homes? Here’s What to Do — And What Not to Do — According to Experts

HomeLight

In the market for a “ real estate owned” property ? Experienced REO buyers swear by this method of wealth-building through real estate. “One It is your skill as an investor to make educated decisions about your investment decisions.”. There is never a perfect investment situation.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Collinge also suggests taking a hard look at the house and making a list of what you believe needs work to bid accordingly — and don’t be afraid to request that HUD cover some closing costs to make up the difference. After the bidding deadline closes a HUD asset manager reviews the bids. Homebuyers have the upper hand.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

If you are considering flipping houses in NY, HomeLight always encourages you to reach out to an advisor regarding your own situation. Dylan Wise , a single-family home expert, brings more than 10 years of experience to his work and has closed more than 200 transactions from his base of operations in Camillus, New York.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

And now we present the 131 real estate terms you need to know—and be able to define for clients—in 2023: 1031 Exchange. This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. Closing costs. Due diligence period. For sale by owner (FSBO).