Help! I Have To Evict My Nephew!

The eviction of a friend or relative is not easy to do. It has to be one of the most difficult lawsuits, if not the most emotionally draining, of all types of evictions. You may be one of the lucky ones who can rent to a friend or relative with no side effects. Still one day, there may come a time when you have to look your friend or family member in the eyes, and ask him or her to leave your apartment.

In the eviction of a relative stranger, even a long-term tenant, the process isn’t personal, just business. The tenant can’t pay the rent, so he has to leave. It’s the end of an association with more or less minimal emotional ties between the tenant and the landlord.

Evicting a friend or relative is one in which sides may be chosen, and lines drawn in the sand. Once the eviction notice has been delivered, do not expect many friends or allies to come to your aid. Depending upon the circumstances of the eviction, you can expect to have your life made miserable by anyone impacted by your decision.

This is because the expectations of a friend or relation are much higher than that of a stranger. If there is a tenancy problem, the expectation is that you will treat the tenant more as a friend or relative than as a financial investment problem. You will be asked to accept less than you normally would for rent arrears, to wait longer for your rent, and to accept behaviors that you would not normally tolerate.

For example, let’s say you need to raise the rent. A rent increase could be perceived as a betrayal of your friendship. Your aunt could think you are taking advantage of her. It doesn’t make sense, but when money is concerned, all bets are off. As far as a friend or relative is concerned, you are in his or her pocket. A belief that you are soaking your tenant for more money that you ‘don’t really need’ could cause your family member to not pay the increase.

Be clear and resolved about why the eviction must take place. Have all of your written documentation in place. Check all of your paperwork, rent cards, letters of warning etc. before you send your notice to quit. Make sure you have a leg to stand on before starting the eviction case. Conduct a due diligence of your property and the legal case.

Hard feelings will sometimes come with the rental and eviction territory. Do not expect to be able to discuss the case calmly with the offended tenant. Do not expect a cool head to prevail over your eviction action. If you evict your nephew, expect your sister or brother to be totally ticked off at you. Your friend may think you are a jerk for evicting her because she parties loudly every weekend, disturbing your other tenants. Your aunt may not come to your aid when your …

How to Buy and Sell Domain Names for Big Cash Profits

Before I go into the details on how to buy and sell domain names for big cash profits, let me first discuss the steps you have to take in order to own a valuable web property that is worth selling. As you may already know, a domain name is a virtual real estate that is worth thousands or millions of dollars if it has high commercial benefit to a potential buyer.

While it is true that an empty domain can be sold for thousands of dollars, there is little you can do to sell it profitably if it is not a one-word or two-word domain name. To this end, it is very important as a domain flipper or entrepreneur to learn how to make your web property valuable so as to attract the kind of money you are hoping to earn from a willing and able buyer.

So, you have to understand the specific characteristics of a domain name that potential buyers will be scrambling to possess at all cost. These characteristics or elements of a valuable domain are what you should consider before buying or hand registering a domain name in the first place.

Characteristics of a Good Domain Name

1. It Must Have Commercial Value

Majority of websites that are built on the internet are for commercial purposes. It follows, therefore, that your domain name should have commercial intention if you want to make money online from it. In other words, it should be short, brand-able, generic, marketable and easy to remember.

One-word, two-word and generic domain names will fall into this category easily because they are highly sought-after in the secondary domain market. A name that clearly depicts a specific market, product, service or subject will be commercially valuable in this regard.

2. It Should Have a High PageRank and Backlinks

For you to be able to sell a domain name quickly, it must have unique selling point (USP) going for it. This could be the age of the domain name, high PageRank or lots of relevant back links. Having these characteristics will definitely pass some authority and credibility to the website that the new owner of the domain will build on it.

If you ask me how to buy and sell domain names for big cash profits, I will simply tell you to build a website or blog on a domain, optimize and monetize it with shareable and quality content. You can then build back links to it in order to create authority.

How to Sell a Domain Name

To sell your domain name successfully, you must be ready and willing to market it on the internet. The old saying that if a man knows how to build a better mousetrap, the world will beat a path to his doorstep is no longer tenable.

As a smart domain flipper, you have to explore various marketing media to find the right buyer for your web property. Immediately you buy or register a domain name, you should start …

The ABCs of Tax Lien Investing

Are you interested in yields of 6 percent to 50 percent on your money, secured by a property tax lien against real estate?

Author Joel S. Moskowitz explains how investors can buy little known tax lien certificates that pay high yields in his book, “The 16 Percent Solution”

As a bonus, although the author warns it rarely happens, the investor might get kicky and foreclose on the property. However, he cautions that property owners usually redeem, so investors must be content with just high yields.

What is a tax lien certificate?

When a real estate owner does not pay their property taxes, 27 states and 1,152 cities and counties sell tax lien certificates to investors. The government gets its property tax money immediately. The investor buys a tax lien, which is then secured by the real estate.

Tax lien certificate yields vary according to state law. Arizona’s top rate is 16 percent, Florida pays as much as 18 percent, but in Michigan, the rate goes up to 50 percent in the second year. If the property owner doesn’t redeem the property from the investor by paying the back taxes plus the high interest rate, the investor gets the title and possession of the property.

New investors can start small, perhaps investing a few hundred or a few thousand dollars, and then buy more property tax lien certificates later. Although not all states are smart enough to offer tax certificates to speed up tax collections, after reading this book, they’ll learn why they should.

At the time of writing, States currently offering tax certificates include Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi Missouri, Nebraska, New Hampshire, New Jersey, New York, North Dakota, Oklahoma, Rhode Island, South Carolina, South Dakota, Vermont, West Virginia and Wyoming.

The book’s outstanding appendix lists the interest rates and state-by-state procedures. For real estate investors who want to earn high yields without physically managing property, this new book shows how to do so. It also explains the few pitfalls to avoid and how to buy die best certificates with the highest profit opportunities.

On my scale of one to 10, this excellent book rates a solid 10.…

What is Deed Grabbing? How to Get a Tax Sale Property Without Attending the Auction

If you are interested in or working in the real estate industry, you’ve probably heard the term “deed grabbing” at some point. Deed grabbing is the method of obtaining tax sale property without attending the auction – by approaching the owners of tax delinquent property just before they are about to permanently lose the property, and offering to buy their home for a fraction of its value.

The term “deed grabbing” was probably coined by the large tax property investing companies who buy these properties at tax auction. Deed grabbers and big tax property companies aren’t friends. Often, deed grabbers grab deeds right out from under these big tax sale companies, just before they are about to foreclose. They also call deed grabbers “deed pickers” and “bottom feeders.” The big tax companies, needless to say, are sore losers who don’t care much about the tax delinquent owner and mostly care about their bottom line.

Since there is still a year or so after the property has been “sold” at auction before the big tax investing company can foreclose (sold in quotes, because it isn’t really sold that day), this is the best time to approach the tax delinquent owners. At this point they much sell, and they know it. Many have already moved on at that point, and are happy to sign their deed over to a deed grabber just to avoid the big company getting it. You can grab deeds during this time for as little as a few hundred dollars

Often, deed grabbers are the last source of help for the delinquent owners, and without the deed grabber coming and buying their home for something, the owners would lose everything. It’s a win-win situation at that point. That’s how to get tax sale property without attending the auction while at the same time helping out the owner. Don’t let the fact that these big companies call you a “deed grabber” stop you. They can go eat paste!…

How to Buy a House For Back Taxes, Dirt Cheap, Without Competition

So you’re looking for a smarter way to buy a property, either to live in, or to invest in. Congratulations. If you’re reading this article, it means you’ve leapt out of the “thinking” phase and into the “doing” phase, and most people never make it that far. There are many deals to be had, if you’re willing to do a little research.

You’ve probably heard that tax foreclosure property is a great investment, and you haven’t been led astray; but now, you’re going to learn how to buy a house for back taxes, dirt cheap, without dealing with the headache of competition. If you’re looking for a cheap property to buy for yourself to live in, stay tuned as well- this technique will work even better if you’re not an investor!

Right now, throw out everything you’ve heard or read about tax sales. If you’re smart, you’re going to figure out quickly that you can’t compete with all the big companies that will be clamoring to bid against you at the sale. Tax sale, be it for deeds or liens, is not a place for the savvy investor in today’s market. There’s a much better way for you to buy a house for back taxes: from the tax delinquent owner himself.

Most people overlook this strategy, which is why you’ll find next to no competition. If you’ve ever tried buying directly from an owner in mortgage foreclosure, then you understand why this is so widely unappealing to failed mortgage foreclosure investors. Frequently you can’t get these owners to return your call for the life of you– and if you do get a deal, then you have to deal with mortgage, the second mortgage, the back bills, the back taxes; but when you buy a house for back taxes, it’s a different animal.

Why?

Because these houses almost never have a mortgage!

That’s right. The mortgage company takes care of any tax problems to avoid losing their interest in the property. So you’ll find almost all these houses are free of a mortgage, or they wouldn’t be up for tax sale in the first place.

Another thing that might seem counter-intuitive is that the owners will almost always return your calls, and when they do, they’re eager to make a deal with you to sell to you, and for dirt cheap, just to get the property out of their name! This is because, as you’ll see, many owners of these properties aren’t people who are down on their luck, and are losing their homes. They’re people who inherited property, or absentee landlords, who have had it with this economy, and actually let the property go to tax sale on purpose, just to get rid of it.

This gold mine of owners can be hard to find, making them great prospects, and you’ll be pleasantly surprised to find how many of these owners are ready to hand over their deed for a couple hundred dollars to you, just because they’d rather see …

Creating a Quiet and Restful Home

A home is many things. For many people, their home is a way to retreat from the world and relax. A long day at work can feel endless. Many homeowners want to walk through the door and feel relieved knowing they can shuck off the day’s cares and let go of stress with friends and family. Creating a home that exudes calm is a task that can be done by paying close attention to all parts of the house. This includes each window, the bedding, the kitchen area and all bathrooms. Every room in the home should contribute to a feeling peace and harmony. Any homeowner should be aware of easy ways to help them create this feel in areas of the home from the attic to the basement.

Regulating Light

Light makes a huge different in any home. A large puddle of light in the middle of the family room on a cold day can lift anyone’s spirits. Soft kitchen lighting at night when preparing a meal makes the kitchen a place to gather and enjoy. When it comes to light, it’s best to help regulate it carefully. For example, using window coverings as you’ll see if you hop over to this web-site, well helps make sure that the entire room has the amount of light the homeowner wants. A series of shutters that can be easily opened and closed allows for the blocking off of unwanted light or the creation of a space that is entirely full of beautiful, warm natural lighting.

Using Color

Another way of creating an elegant and restful space is through the use of color. Color is all around wherever people look. The right colors depend on each person’s personal preference. Some people love bright colors like vivid shades of green and purples. Other people find it better to use neutral colors in their home such as browns and shades of grey. Any color scheme should be carefully thought out. For a more relaxed and peaceful feel, look for a background of shades of white and paler colors. Painting a wall a soothing color such as pale pink or understated peach allows the room’s walls to retreat and makes it feel less walled in.

A Warmly Inviting Home

A warmly inviting home is a place that is fundamentally serene. A serene home is where the chaos of the outside world is kept at bay. Using techniques such painting the walls the right window coverings helps vastly facilitate the process of creating a warm home that is calm. Many homeowners want to have an oasis in their lives where they can let down their hair and avoid worry. It’s easier than ever to do this with the use of careful attention to varied home details. An understanding of the process of creating a home that allows for total relaxation can be done. Any homeowner should think about what they want from their home and how they can get it.

Hiring the Right Long-Distance Company Movers

A long-distance move of any kind can be highly stressful. This is particularly true of a long-distance move with a company. Company relocations require a lot of patience and attention to all aspects of the move. Any company preparing for a move must be prepared well in advance. Organization and mastery over the details are crucial for these types of moves. The same is true of any help that company officials choose to hire. Help is particularly vital for those company officials who may not know a specific area well. Even those officials who are fully aware of their local concerns are served with help from experienced moving company people who know how to manage the move and have done many company moves before. A thoughtful moving company can make any company move much easier and less stressful.

Before Leaving

Before leaving, packing is vitally important. Proper packing should be done in order to make it easy to unpack all necessary items once the move begins. In a long-distance move, this is necessary as the items will be on the move for a longer period of time than in other kinds of moves. Hiring a moving company that might be found if you hop over to this website can make packing easy. Many long-distance movers offer packing that companies need as well as moving services. Most companies opt for a gradual packing plan that allows them to plan for the move they have in mind in stages.

Planning For Transit

Moving items long distance can take many forms. Some companies prefer to move their items in trucks they own. Other companies like the convenience of having another company to provide transport for them. In many instances, a combination of both kinds of transport methods is best. Lighter items can be transported in light trucks because they don’t take up much space. Larger items with great heft are best fitted in a large truck where they can be securely fastened during all stages of the move. An effective and easy long distance move is one that allows these decisions to be made well in advance so there are no last minute decisions that must be made during the move.

Unpacking it All

Once the move has been planned and started, the next stage can begin. During this stage, the focus must be on making sure that all items are brought to the ideal space in each place. Each particular item must be carefully carried into the new space once it is unpacked from the truck. A good moving company can provide the long-distance mover with the opportunity to unpack right from the van and not worry that they need to spend even more time unpacking once at the final location. This can help any company owner save both time and money as the move flows more smoothly and easily. Advance planning and the right help are the keys to an effective and thoughtful long-distance move.

 …

How to Finance Seemingly Un-Financeable Properties in Real Estate Investing

Some houses or multi-family properties in real estate can seem un-financeable. This could be for a number of reasons including the perspective buyers or title issues with the properties. Unfortunately, these problems seem to occur after an investor buys a property and then can’t sell it.

Let’s examine the usual reasons that properties cannot be financed and what can be done. The most common issue is likely that the appraisal on a property isn’t sufficient to cover the costs and expenses of a rehab. The investor often only finds this out after he has completed the rehab and has a ready and willing buyer who has to get a conventional bank loan to buy it.

On this same vein, the appraisal may come in but the buyer can’t get financing because of more stringent lender requirements – such as credit scores, time on a job, recent foreclosure history or bankruptcy to mention a few. It may not be as simple as going on to another buyer or just getting another appraisal, especially if this buyer had been declined by FHA in the first place as the investor’s property is “tainted” as to appraisal in the FHA system for at least six months.

The simplest solution to the credit issue and appraisal issues is to get private lenders or portfolio lenders to finance the sale. Private lenders are individuals who are willing to loan money that they would normally have in a bank earning a couple of percent interest. The investor should offer this individual a 10% interest-only loan secured by a first mortgage on a property with a two or three year balloon note. This private lender could also receive 2% to 5% as closing points on the loan and have a pre-payment penalty of three months interest.

The following is an example of what the private lender would get on a $100,000 mortgage: The buyer should be able to put down 20% of the purchase price to secure the mortgage in case of a market decline. A lot of current home buyers have large deposits because they went through foreclosure and haven’t paid mortgage payments for extended periods. 10% interest on $100,000 = $833.33 per month versus perhaps $83.33 in a local bank at a 1% interest on a savings account.

At closing, the lender would get cash of $3,000 to $5,000 as closing points. If the homeowner refinanced during the term of the loan and paid the pre-payment penalty, the private lender would additionally receive $833.33 x 3 months pre-payment penalty = $2,500.

The appraisal should be done by a reputable appraiser and a title policy and insurance should be provided to the private lender. An attorney should draft all the mortgage documents and do the actual closing to protect the investor/seller and the lender.

Using a private lender allows a buyer with blemished credit to purchase a home. It also allows the seller to not have to be dependent on the whims of a local or national …

What Happens When a Property is Sold For Back Taxes?

When a property owners fails to pay their property taxes, they are usually given an ample period of time to rectify the situation – at least a year in most cases, and often many years. If they fail to make arrangements to pay the taxes, the government will sell the deed to their property at tax sale (or a lien on the property, in tax lien states) to the highest bidder at tax sale.

The winning bidder must pay the full amount of their bid in cash at the tax sale, and then must wait out the redemption period before they can foreclose and apply for the deed. During the time, the owner may still pay the back taxes and penalties as well as the interest on the winning bidder’s investment and bail the property out of taxes. Once the redemption period expires, the owner loses the property permanently.

For investors, this is not a great way to buy property. You aren’t allowed to inspect properties before bidding on them, so you don’t quite know what you’re getting into. And on nicer properties, owners frequently pay off the deed or lien. Not to mention that the competition at tax sale is fierce, and you’re often competing against large companies that invest in tax sale properties full-time. There are few deals to be had any more at tax sale, and to profit from the property you’ve really got to buy it outside the auction.

The best way to get back tax property is to wait until close to the end of the redemption period and then see who still hasn’t paid off their taxes. This is the prime time to contact these people, as they need to sell to keep from losing everything to the government. These owners are often ready to sign over the deed just to be done with the foreclosure and move on.

Also, by this time you can be fairly certain that the properties left are free and clear. Mortgage companies step in and pay off delinquent taxes to redeem properties (usually before the sale), and properties that make it that far are almost always mortgage free.

All this adds up to property that is almost guaranteed to have built-in profit at the time you buy – especially if you can grab the deeds for a few hundred dollars from owners that were going to let the property go anyway.…

Non Performing Loans Vs REO Bank Owned Property – How Do They Differ?

To make real estate investing work for you, you must always take into consideration economic conditions that dictate which type of real estate investment is the best choice at any given time. Do you know your basics? What are Bank Owned REO Properties or non performing loans? What is the difference between the two? It is quite simple really.

Both non-performing loans and Bank Owned REO Properties are the unfortunate children of economic fall down. As economic crisis takes swing so does losing homes as struggling homeowners cannot keep up with loans and mortgages.

An adaptation of the well know children rhyme “First comes a non performing loan then a foreclosure” does well to illustrate the progression of distressed property handling and the major difference between the two concepts. Whereas they undoubtedly trod the same road, the difference in how far along the road each is.

Say a homeowner cannot afford to pay a loan anymore. First month the bank lets it slide. The second month, they mail the letter. The third the gavel comes down – the property has been declared a non-performing loan. For all intents and purposes non-performing real estate loan is a property loan that has defaulted or is in danger of defaulting when homeowner cannot make payments any longer. With some exceptions, three months is all a homeowner has to turn over the dough before his loan is declared non-performing. And current economic conditions being as they are, non-performing loans are sprouting like mushrooms after rain. Financial corporations specializing in non performing loans will help with purchasing a loan that best fits individual financial portfolios. By liquidating involved assets they can realistically provide a good value. But not a 50% discounted price. Not with complementary property repairs. Not bulk. And certainly not without tons of paperwork and fees. None of the things Banks Owned REO can and will do to move the sale along.

Bank owned REO property, on the other hand, is the next step in the distressed property timeline. No payment on a property loan will sooner or later result in “walking the plank”, in other words the dreaded foreclosure. Foreclosure unceremoniously plunks down distressed property to the auction table. Properties that cannot be auctioned off it end up as Bank Owned REO Properties. With current economy banks have a veritable tsunami of real estate properties coming their way. Wildly scrambling to regains at least some money and clear the books, banks sell Bank Owned REO Properties like tomatoes on local market, at a discount, liens and other expenses on the home removed.

While both are viable options for a real estate investor, everyone wants to buy where a deal is better. And in real estate, affordable, bulk, plenty and flexible of Bank Owned REO is a far better than a sometimes, costly, and rigamarole non-performing loan.

And who wouldn’t go for a deal that will brings maximum profit on a minimum investment, fast.…