Michael Inkman

Are you the type of real estate investor that has an interest in a treasure hunt? A real estate investment strategy based on hard money is, at its core, a treasure hunt. There must be an underlying value, the “treasure,” for a hard money opportunity to exist. Collateral For A Hard Money Loan Is Only The Property Hard money loans rely only on the value of the real estate property for collateral. The credit history of the borrower is not important. Usually, the limit for a hard money loan is a 60% loan-to-value. The hard money loan must be in the first position, as a first mortgage lien on the property, in the case of a default on the loan. If the loan amount needed...

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Last week’s economic news included readings on home builder confidence in housing market conditions and Commerce Department reports on housing starts and building permits issued. Weekly readings on mortgage ratees and first-time jobless claims were also released. NAHB Housing Market Index: Builder Confidence Rises One Point in April Home Builder Confidence readings posted by the National Association of Home Builders held steady for April and rose one point overall. Component readings for the NAHB Housing Market Index were mixed; builder confidence in current housing market conditions rose one point to an index reading of 69, but builder confidence in housing market conditions in the next six months fell one point to 62. Home builder confidence in potential buyer traffic rose three points to 47. NAHB...

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Fixing up your home doesn’t have to be a budget-breaker. You can revitalize the look of your property with a little bit of paint in the right places. Here are some areas that will really stand out to visitors or prospective home buyers. 1. Front Door The front door always makes the first impression on visitors to your home. Remember that while they are waiting to enter your home, potential buyers have nothing to do except get a good look at your front door. For maximum impact, paint the front door a contrasting color to your house color. If budget allows, add a new door knocker and door knob. 2. Shutters Vinyl shutters are very affordable when you buy them online. Before you hang them,...

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Home builder confidence increased in April to an index reading of 63, which was one point higher than for March and the highest reading in six months. Analysts said that April’s reading revealed more about housing market conditions in the past six months than it was an indicator of future market conditions. November’s builder confidence reading was the lowest since housing markets tanked in 2008, Builder confidence recovered over the past few months despite headwinds including higher materials costs and shortages of labor and buildable lots. Home Builder Confidence Holds Steady Despite Headwinds NAHB Housing Market Index readings over 50 indicate that most home builders are confident about housing market conditions. While April’s reading was comfortably above the benchmark, the average reading so far in...

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Real estate agents are constantly looking for new listings, which will attract potential buyers. We no longer need to limit our search for good listings to planet Earth because Mars is now for sale. Although this may sound a bit far-fetched at first, it is not such a strange concept if you consider the serious efforts being made to colonize Mars with the commercial efforts by companies like Space X. There is a company, called Lunar Land, which is already selling acres of land on Mars as a novelty. Historical Precedent Off-planet land sales have already had considerable success for those crazy enough to sell titles to land on the Moon. Lunar Embassy, which started in 1980, claims to have sold 2.5 million acres of...

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