What is an ALTA Statement and How Do You Read One?

Posted by Bobby Montagne on May 3, 2017

You're days away from closing your deal, and you receive an ALTA statement from the settlement company with A LOT of numbers on it. And where has the old HUD -1 form gone? Here's how to make sense of the new ALTA....

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Topics: Real Estate

When Your Home Inspection Report Has Nasty Surprises

Posted by Bobby Montagne on Apr 18, 2017

You've gotten an offer on your fix and flip, and the buyer has ordered a home inspection. What happens next? Sometimes you'll sail through an inspection and the deal will close quickly.  But what is the best course of action if an inspection report contains unexpected, expensive or (in your judgment) unnecessary items that need to be addressed before you can proceed to the closing table?

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Topics: Real Estate

Foreclosures...The Good, The Bad, and the Ugly

Posted by Bobby Montagne on Apr 6, 2017

 


Foreclosures can be a gold mine for fix and flippers looking to "buy low".  The good: often priced well below market, in desirable locations, and in desperate need of rehab, they are just what flippers are looking for.  The bad: they are not such a big secret anymore, and there is a lot of competition to get them.  The ugly:  often the properties themselves are in pretty bad shape, and many will not allow inspections so they can be risky. But there are still great deals to be had if you know where and how to look for them. Read on to find out about the different types of foreclosed properties and how to find them! 

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Topics: Real Estate, Real Estate Entrepreneurs

Fix and Flip or Buy and Hold?  That is the Question!

Posted by Bobby Montagne on Apr 4, 2017

Property flipping gets a lot of airtime these days, with lots of HGTV shows and flipping couples who have even become celebrities.  Buying and holding isn't quite as sexy, but has many benefits.  Which real estate investment strategy should you try?  Or a little bit of both? Read on for a quick list of the pros and cons of each ...  

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Topics: Real Estate, Real Estate Entrepreneurs

Is a For Sale by Owner the Right Move to Sell Your Fix and Flip?

Posted by Bobby Montagne on Mar 28, 2017

After the months of sweat equity and money poured into rehabilitating an old property, you undoubtedly want a quick financial return on your real estate investment. Now that you’ve crossed the construction and renovation finish line, you may feel a bit guarded about spending extra cash on commission fees and are considering listing the property yourself. These short-term savings can have long-term negative ramifications. Hiring a top-notch real estate agent can streamline the selling process and ensure you receive top dollar for your fix and flip by getting your property in front of the most qualified buyers - quickly and efficiently.

Here are a few pretty compelling reasons to hire a real estate professional versus going it alone when selling your property:

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Topics: Real Estate, Real Estate Entrepreneurs

What Millenials and the Housing Shortage Mean for Real Estate Now

Posted by Bobby Montagne on Mar 23, 2017

Millennials are finally buying homes, Baby Boomers are downsizing, and Gen-Xers are upsizing.  Now add to the mix a national housing shortage and population shifts. What does all this mean for housing markets in Washington DC Metro and the country? 

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Topics: Real Estate

Selling Your Home in the Spring: Is There a Real Advantage?

Posted by Bobby Montagne on Mar 21, 2017

To many, March Madness means basketball.  In real estate, March Madness is the mad scramble for sellers to put their houses on the market and for buyers to come out in force to start their search.  But what does the data say?  Is Spring really the best time to list your house so it sells quickly and for top dollar?   

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Topics: Real Estate

2017 Color and Design Trends: Eclectic, Sustainable and Definitely Not Beige!

Posted by Bobby Montagne on Mar 9, 2017

Beige is officially "out"! Eclectic, sustainable and "personal" are the watchwords for 2017 and beyond. Smart technology will be pervasive, not only for home security, but also in the kitchen and throughout the home. From space utilization to home furnishings, rules for the coming year seem sure to herald a fresh breeze across the home scene. The savvy real estate investor will want to capitalize on these emerging trends when planning their renovation project. Let's take a look at what this year has in store:

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Topics: Real Estate

Staging a House Costs WHAT in DC?  Is It Really Worth It?

Posted by Bobby Montagne on Mar 7, 2017

We all know that cash can run short at the end of a renovation, and the cost of professional staging might seem like an unnecessary expense. What is the reality? Does staging really work?

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Topics: Real Estate

Sell Your Flips Faster and For More Money! Here's How...

Posted by Bobby Montagne on Feb 28, 2017

Speed is a real estate investor's best friend. Every month that a renovation project sits on the market means yet another loan payment, yard maintenance cost, homeowner association payment or other fee that will have to be deducted from your profits. Here's how to get the highest price in the shortest time for YOUR flip....

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Topics: Real Estate

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