I Buy SW MI

  Divorce house buyout may seem to add more complications in the divorce process. Getting a divorce can bring a lot of stress on yourself, your spouse and your entire family. From splitting your belongings to going into court and everything in between – one of the things you will also need to consider is who will keep the house . Will you sell it? Will you rent it out? There are plenty of options out there – but one of them is divorce house buyout. In this article, I will present what is a divorce house buyout, how to reach a divorce house buyout agreement and what are the best options you can consider when facing a divorce. Let’s do this step by step. What is a buyout? If you’re completely new to real estate, you might be asking yourself ‘what is a buyout’ in the first place. In the case of a divorce, the ex-partners will have to decide on splitting their belongings, assets, and even property. This is where divorce buyout comes in. Selling a house...

  Divorce brings a toll on everything in your life – you are suddenly single, you need to decide how you will divide your belongings, kids, pets and, of course, who gets the house in a divorce. It’s an emotional and stressful process that sometimes takes years to end – but it doesn’t have to be. In this article I will talk about who gets the house in a divorce, divorce property settlement, what happens to the house during the divorce process, who gets what and marital home rights. Are you ready? Let’s go! Let’s start at the beginning. HowStuffWorks defines 3 steps of divorce: Separation Divorce property settlement Child support and alimony In this article, we will look at step number 2 bit closer. Who Gets The House In A Divorce? Also known as divorce property settlement. Normally, properties are categorized in two different types: Marital, and Separate. Separate property Please note that the definitions of Separate Proper...

  As a single parent, affording a mortgage can be incredibly difficult. We’ve discussed what the divorce house buyout means, but we haven’t touched upon being able to refinance house after divorce. In this article we will cover refinance of the house before or after divorce, we will look at what happens if you can’t refinance the house after divorce and the buyout process. Do I have to refinance house after divorce? Most likely, especially if you wish to keep your partner off the loan. If you are the one who keeps the home after the divorce, you will have to take the loan while the other spouse goes through the buyout. Refinancing takes time and it’s often an emotional process. The first question you need to ask yourself is: are you able to do it? There are a few ways you can get your name off a loan without even having to sell the house or refinance. One of them is loan assumption… What is loan assumption? It means taking over the mortgage and ...

  Most people know what a real estate agent is and have pre-determined ideas or have experiences about what they do for you, as a seller. On the other hand, some sellers might not know what to expect when working with a professional home buyer in Southwest Michigan, MI. Sellers can expect a professional homebuyer to provide simple, stress-free transactions. Here are some pros and cons of selling your house to a direct buyer in Southwest Michigan. Pro – Straightforward Closings Direct buyers in Southwest Michigan, MI typically close faster than traditional home buyers, and usually pay full in cash. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. There are also normally no commissions paid to a buyer’s or seller’s agent which means thousands of dollars in savings. Direct buyers also may not charge transaction fees; if they do, they are extremel...

  Can I sell my rental property with tenants in it? Short answer – yes. Selling rental property with tenants in Southwest Michigan is quite common and many landlords are faced with the decision to sell whether they like it or not. It can be a confusing procedure as your decision to sell affects one (or more) people. There are a few things you need to do in order to avoid complications and make life easier for yourself and your tenants. Dealing with tax implications, or evictions, can be very stressful for a landlord. In this article, we’ll also look at tenants’ rights when selling rental property with tenants in Southwest Michigan and how can a landlord show a house while occupied. So here’s how to sell a rental property with tenants in it. Selling rental property with tenants in Southwest Michigan I understand that not many can afford to wait for tenants’ leases to run out before you sell your house. Selling rental property with tenants in Southwest Michiga...

  Here’s how to evict a tenant in Mi. Please understand that when you have to evict a tenant anywhere can come with a lot of hard work on your part as the landlord. When dealing with rental houses, there are lots of potential issues that can arise. Things like tax implications, and evictions are common. Evicting a tenant can add stress to a landlord’s life. It also will require you to understand the laws concerning evictions and tenants rights. Those that are new to rental property often have a tendency of forming a tenant friendship. When it comes time to learn how to kick a tenant out, it becomes a very stressful situation… especially if the tenants are relatives . Yikes! How to Evict a Tenant Quickly in Mi Having to deal with evicting a tenant can often be avoided. This can be done through the proper pre-screening and choosing of tenants to begin with. However, no matter how careful someone may be, circumstances can change. There can be ...

  Coming to the decision to sell your house is not a light matter. There are a lot of decisions to be made, like whether to use a licensed real estate agent or sell directly to a home buyer; where should you move next? Don’t let these questions delay your decision to sell your house. Here are four ways waiting to sell your house in Southwest Michigan will cost you. Houses are in Demand Waiting to sell your house in Southwest Michigan will cost you because there are still buyers for houses. Mortgage rates are at an all-time low so now is a great time to put your house up for sale. With the impending market dip due to the coronavirus economic shutdown, houses will soon be flooding the market, and demand may start to wane. But for right now, there are still enough buyers in the market to buy all of the houses for sale. There are also buyers that have taken a large portion of their money out of the rapidly fluctuating stock market and need to invest it in real estate. On...

  Investing in real estate rentals can be a dependable source of monthly income. You found a great property you can afford in a good location in Southwest Michigan that is desirable to tenants. You’ve made any property improvements that were necessary, and perhaps you updated the kitchen and bathroom. Now, it’s time to find a tenant. Here is how to properly screen tenants in Southwest Michigan Applications Start your hunt for tenants by posting your property and have candidates fill out applications. Ask for a list of their current and previous jobs and income level. Verify this income with pay stubs or other financial statements. Your application should also include previous landlord contact information, previous rent amount, and their address so you can follow up later. You will also want to ask if they have any gaps in rental history and why. Ask how many people are planning to live in the house and if they have any pets. You will also need to ask for personal ref...

Living full time in your rental with your tenants can be an excellent way to save money and build your portfolio. Here are 5 tips for people who are living in their Southwest Michigan rental with their tenant. FHA Live-In Loan If you are just starting out in real estate investing, living with your tenant is an excellent move. You could qualify for an FHA live-in loan which is good for multi-family housing with up to 4 units. A few stipulations of this loan is that the owner must live in the property for at least one year, the property must meet FHA standards and pass appraisal. For more information about this opportunity, give us a call at (231) 392-3262. Reliable Monthly Income Your rental property will create reliable income that you can use to cover the loan payments and insurance and other expenses. You can start saving the leftover funds to purchase your next rental property or make improvements to your current rental property. Make sure you enforce your due dates...

Quite often individuals are left with a family home as a result of the passing of a loved one. This means you’ve likely inherited a house. In many cases, this means that it is a second home and not one that they wish to keep so they want to sell it. When the Will is going through probate, the heirs often want to sell the house…even while the house is in probate.. Unfortunately, selling a house in probate is not an easy process and can be lengthy and somewhat frustrating. There are cases where you can sell a house without probate. Selling a House While in Probate The individual that will be responsible for seeing that everything that has been outlined in the will is carried out will be the administrator or executor . The executor will be the one that has been named in the will to act as such, and if no one has been named then usually the closest relative is appointed to the administration position which can be done by the court or other close relatives....

At some point in time you may end up asking yourself should I sell my rental property in Southwest Michigan, Mi ? There can be several reasons why this question is being raised. When it does arise you are going to find that it leads to many other questions. This now means giving some serious thought to the answers so that you can move forward confident that you’ve made an educated decision. Should I Keep Or Sell My Rental Property? Let’s look at the pros and cons to selling your rental property . The Benefits of Keeping the Rental Property: You are probably aware of the benefits of having rental property . Otherwise, you would not have entered into this type of real estate adventure. The question is are you still reaping those benefits? Or are the benefits just not worth the time and work involved? The benefits can consist of…  Extra income from the rent collected that can be put to good use.  You have a property that will build in equity....

As an investor, you are always looking for a great deal, but how can you tell? Here are 5 signs of a great deal when buying Southwest Michigan real estate. No Zoning Issues or Liens It is important that you research a potential investment for any zoning issues or liens on the property. If the property you are interested in doesn’t have the right zoning, you may not be able to use the property for your original plans. It is also very important that your intended property does not have any liens on it, for if you did purchase it, they would then become your responsibility to pay, and that would cut into your return on investment. No Expensive Repairs If a property you are interested in does not have any serious structural issues, then it is probably worth submitting an offer, even more so if the price is right! Even if the property has a slightly outdated kitchen, you don’t have to replace it if it’s still functional or not destroyed. You don’t have to follow the TV hyp...

Having rental properties is a great way to have a steady monthly income. Beginning real estate investors typically stick to rental properties in their own area because they are familiar with the market and can easily check on their properties and make some repairs if necessary. Once you have enough experience and the means to expand your territory, here are 6 tips to be a great Southwest Michigan landlord when you live out of state. Know the Local Market and State Regulations It is important to know the local market of Southwest Michigan in MI. This will require a little bit of research and possibly a reconnaissance visit or two to get a good feel for the area. Give I Buy SW MI a call today at (231) 392-3262 to discuss the local market of Southwest Michigan to find the best place to look for rental properties. You will have to know the area’s regulations to make sure your property is following the proper code at all times. It may also be necessary to include certain verb...

When it comes to selling a property, homeowners have many options. From the traditional hiring of a realtor and sitting months on market to listing a for sale by owner and selling your own house, homeowners make the best personal decision with the most knowledge they have. Unfortunately, many homeowners have little to no experience working with we buy houses companies. The benefits of cash buyers are numerous, so when I want to move on quickly I’m selling my house to cash buyers. The Benefits of Cash Buyers My first property was a traditional starter home and required nominal financing to afford. Once I procured a higher paying job out of state, I knew I needed to sell my house quickly in order to relocate. After researching local real estate agents that came highly recommended, I realized the average realtor couldn’t promise a sale real estate closing within a specific timeframe; waiting months of a potential buyer to purchase my home wasn’t an appealing outcome. ...

Many home sellers ask themselves whether they should sell a house that needs repairs. Some feel that they will be able to sell for a higher price. That way they will get their money back from the repairs. Others just cannot fathom being able to sell an ugly house. This is a question that can be answered in different ways and takes some thought before coming to a decision. Can You Afford the Repairs? Chances are if you want to  sell  an ugly house you are in a position where you can’t afford house repairs. This may create a frustrating situation for you. Some houses need minor repairs such as a few wall repairs and some painting. Then there are others that own a home that is in need of serious repairs. The roof may need to be done and perhaps the electrical components need updating. These, as well as other major repairs, can be really costly. If you are wanting to sell a house that needs repairs, it could possibly mean that you are in need of some ...

You’ve come to the difficult decision to sell your house, but you realize there is some damage to the property. If you don’t have the extra cash to make the repairs before selling, here are 5 tips for selling your house with damage in Southwest Michigan. Tip #1: Include As-Is in Your Listing One way to sell your house with damage in Southwest Michigan would be to include the term “As-Is” in your property listing. This will signify that you are not willing to make repairs to the property before the sale, and any interested buyers will understand this. You must take into consideration that using “As-Is” in your listing will also signify that there is likely something wrong with your property and may deter buyers, especially since you will not fix any damage. On the other hand, there may be investors with large enough portfolios who may not mind As-Is listings. Tip #2: Inspect and Disclose Everything! Another tip for selling your house with damage in Southwest Michigan is...