Achieve Financial Independence with Real Estate, Minus the Hype
An attorney is an essential part of your real estate investing dream team, providing both legal protection and guidance throughout the entire process of buying, owning, and selling properties.What Do They Do?Your attorney will play a variety of roles, both during and after your purchase.Here’s what attorneys typically handle:When Do You Involve Them?You’ll likely need … Read more
Earnest money is a financial commitment you make to show the seller you’re serious about buying the property.It’s an amount of money you deposit when you go under contract, and it’s typically held by a neutral third party, like a title company, real estate agent, or attorney.The main purpose of earnest money is to demonstrate … Read more
Title agents, closers, and attorneys are essential members of your real estate investing dream team when it comes to closing on your first investment property.They ensure that the legal transfer of the property happens smoothly and that your ownership is protected.Their role is critical in making sure the transaction is legitimate and that you’re protected … Read more
Surveyors are an important part of your real estate investing dream team, though you might not always need them for every deal.What Do They Do?Surveyors are responsible for measuring and mapping property boundaries.They provide you with a detailed, certified report outlining the exact lines of your property.This helps ensure that you understand the limits of … Read more
As a real estate investor preparing to buy or sell your first investment property, understanding the paperwork involved is crucial.This provides an overview of the essential documents and contracts you’ll encounter throughout the transaction process.From the contract to buy and sell real estate to closing documents and various supporting paperwork, we’ll explore the key elements … Read more
Home inspectors are a key part of your real estate investing dream team, but it’s important to remember that they are a due diligence cost. You pay them for the inspection whether you end up buying the property or not.In some cases, you might pay for inspections on several properties before you find one that … Read more
You’ve selecting your real estate agent.With the recommendations of your real estate agent, you’ve built your real estate investing dream team.You’ve taken some time to come up with your first pass on establishing your buying criteria for the deals you’re interested in.Using that criteria you’ve had your real estate agent set you up with automated … Read more
Next, let’s look at requesting showings of properties and looking at properties as a real estate investor.Request the ShowingYou’ve established your buying criteria, and your real estate agent is sending you properties from the MLS that match. However, you’ll still need to review each property manually to ensure it meets all your non-MLS searchable criteria.This … Read more
Insurance agents are an important part of your real estate investing dream team because they help you secure the right coverage to protect your investment.While they often come into play closer to the end of your property purchase, selecting a good insurance agent early in the process is key to making sure your assets are … Read more
Mortgage brokers or lenders are one of the most important members of your real estate investing dream team when buying your first investment property.They play a crucial role in helping you secure financing for your deal.What Do They Do?A mortgage broker or lender’s main job is to connect you with financing that suits your investment … Read more