HomeLight

MARCH 10, 2023

Typically, they buy distressed properties — either short sales, foreclosures, or homes that need significant work — fix them up, and sell them for a profit. When buying an REO ( real estate owned/lender-owned property ), the banks like to work with cash. That limits your risk and your days on market.

House Flipping 100

House Flipping Renovation Investor Finance 100

Marco Santarelli

MARCH 15, 2021

Philadelphia has been one of the hottest real estate markets in the country in 2020 and its market temperature remains sizzling hot. It means that the demand from buyers is exceeding the current supply of homes for sale. So, regardless of where you are buying, the market will be almost the same – competitive.

Marketing 126

Marketing Investor Sales As-is 126

The Close

DECEMBER 29, 2022

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. Basically, the law protects lenders from assumable mortgages with below-market interest rates.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98