I Buy SW MI

  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

  Investing in real estate is a great way to diversify your investment portfolio and build your wealth. In this day and age, there seems to be an app for everything. Here are some tech tools to help Southwest Michigan real estate investors during the coronavirus pandemic. Virtual Tours A virtual tour is a wonderful tech tool to help real estate investors on a regular basis and is a lifesaver during the coronavirus. As a real estate investor, you would still like to see the property and tour its insides and check out the neighborhood, but it still isn’t totally safe to be out and about looking at properties right now, especially if you have medical conditions that would compound contracting the coronavirus. With virtual tours, you will be able to see the outside of the property, the inside of the property, and you may even be able to explore the surrounding neighborhood depending on how and where it is listed. If you are really serious about buying a property, you can co

Working with a real estate agent can be a great way to put your property in front of a large audience of potential buyers. This also means that there will be additional expenses that may not be fully apparent at the time of listing your property. Here are five hidden costs of working with a Southwest Michigan real estate agent. Photography Fees The first hidden cost of working with a Southwest Michigan real estate agent is photography fees. In the first meeting with the real estate agent, they may mention adding high-quality photos to your listing. They usually have a preferred or recommended photographer they work with and they trust, but having professional pictures taken of your property may cost more than you were expecting. It is also preferred to have a wide-angle shot of all of the rooms, and a 360-degree photo if possible, that way it can be uploaded into a program to take a virtual tour of each room. They may also suggest having a virtual tour of your property

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.  It can

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

Considering starting to invest in real estate? Here are four things you need to do before buying your first investment property in Southwest Michigan. Review Your Credit The first thing you need to do before buying your first investment property in Southwest Michigan is to pull your credit reports because you need to know your credit score. Request a copy of your credit report from all three bureaus. Double-check that all information is correct and make sure to dispute any errors with the respective bureau. Make sure you keep up on your payments because lenders like to see that you have no late payments for at least the past 12 months, but the longer the better. This helps show them that you will continue to make payments on time. A low debt to income ratio will also convince a lender that you are able to handle the additional mortgage payment. Pay down credit cards and other loans as much as possible, preferably to maintain a 30% utilization rati

Tenants are beginning to receive stimulus payments and some are using it to move. You may be receiving multiple applications for your available rental property, but once you locate a great tenant, you may be competing with other landlords to have this tenant. Here are some ways you can appeal to tenants in Southwest Michigan during COVID-19. Appropriate Rent One of the best ways landlords in Southwest Michigan can appeal to tenants during COVID-19 is to set an appropriate rent amount . Do your research to see what the current market rent is and set it as close as you can to that amount while making sure it fits your rental proforma goals. If you need to attract more potential tenants, you can lower your rent a few percent to be just below the market rent. This should bring you a better variety of tenant candidates so you can be sure you are comfortable with the tenant you end up choosing. Tenants will also appreciate the affordable rent during these uncertain times. All

Selling your house can be a stressful task in itself, but how do you sell a house if you have tenants already in place? Here are five steps for selling your house with tenants in Southwest Michigan. Step #1: Ask the Tenants The first step to selling your house with tenants in Southwest Michigan is to notify the tenants the property will be listed for sale, and ask the tenants if they are interested in purchasing the property. If the tenants have been in place for a few years, they might have fallen in love with the property or really enjoy the school district for their children. They also might really love the area and want to live there permanently. This would be a great opportunity for them to buy the house they know they love. If they are interested, have them qualify for a loan on your property and the purchase process will be nice and smooth. You may also want to offer an owner financing deal to the tenant if they cannot qualify with a traditional lender. This may

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

Building a portfolio with real estate investment is a great way to build wealth and is statistically more stable than the stock market. The last thing you want to do as a real estate investor is to buy overpriced properties off of the MLS (Multiple Listing Service). This is where real estate wholesalers come in. They are able to acquire properties for less than market pricing and resell to buyers at or just below market pricing. You need to make sure they have market area knowledge, have a great track record, have a strong network of other investors and real estate professionals, and have an overall positive community presence. Here is an explanation of these four things to look for in a great Southwest Michigan wholesaler. Area Market Knowledge The first thing to look for in a great Southwest Michigan wholesaler is their market knowledge. A great wholesaler will be on top of the market and have monthly analyses completed for any area they operate

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

Tenants are beginning to receive stimulus payments and some are using it to move. You may be receiving multiple applications for your available rental property, but once you locate a great tenant, you may be competing with other landlords to have this tenant. Here are some ways you can appeal to tenants in Southwest Michigan during COVID-19. Appropriate Rent One of the best ways landlords in Southwest Michigan can appeal to tenants during COVID-19 is to set an appropriate rent amount. Do your research to see what the current market rent is and set it as close as you can to that amount while making sure it fits your rental proforma goals. If you need to attract more potential tenants, you can lower your rent a few percent to be just below the market rent. This should bring you a better variety of tenant candidates so you can be sure you are comfortable with the tenant you end up choosing. Tenants will also appreciate the affordable rent during these uncertain times. All

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 quick cas

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

The real estate market is experiencing low mortgage interest rates right now which has triggered real estate buyers to jump on new opportunities! If you are ready to sell your house, don’t let the virus stop you! Buyers are buying! Here are some tips for selling your Southwest Michigan house during the coronavirus pandemic. Sell Directly The easiest and fastest way to sell your Southwest Michigan house during the Coronavirus Pandemic is to work with a direct buyer. I Buy SW MI can help you facilitate the process, which may be much easier than working with a traditional agent! No Open Houses If you are going to sell or have your house listed already, don’t have an open house. It is too risky to have multiple strangers from different households, possibly different cities or states coming into your home wandering about. You would have to have strict management of all of these guests and maybe only allow so many people in at a time. With technology as great as it is, there

Selling your house shouldn’t be stressful. There are options. There are benefits of selling a house for cash that most homeowners don’t consider. Owning a home allows one to build part of their financial security. As the ownership of this asset continues it builds equity. Once you decide to sell your home then this equity becomes available to you for whatever way you want to use it. The decision to sell your home brings with it several options. You can list through an agent or you can list it yourself. Then is one other option and that is selling your house for cash. Benefits of Selling a House for Cash If you have ever sold a home in the past you have the basic knowledge of the process. Most likely you went through this while using a realtor. While there are some advantages to this method there are also some negative aspects to it. Selling a house for cash means you don’t have to deal with the downside of selling a home in a conventional manner. Fewer Sel