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Posts tagged Real
New Ideas For Creative Real Estate Investing
Aug 27th
Years ago I watched a late-night television infomercial selling some course on creative real estate investing. As I recall, the author of the course suggested – among other things – that you could use your car for a down payment and get sellers to finance everything. You could also split a home into a duplex he said. He really did have a lot of creative ideas for investing, but it wasn’t clear that any of them had ever worked for him or if they were just ideas he had. For this article, then, I want to stick to true stories More >
Do It Yourself Real Estate Appraisal
Jun 24th
For single family homes, there are two basic methods used in real estate appraisal. They are replacement cost analysis, and using comparable sales. A third appraisal method, based on capitalization, is used for income properties, and is covered in another article.
In figuring replacement cost the question is: What would it cost to buy this land and put this house on it? If the land (improved) would cost $40,000, and the house could be built for $150,000, the value indicated would be around $190,000 – if the house is fairly new. If it has used up 10% of its useful life, More >
