Real Estate

How the Foreclosure Cleaning Industry Has Changed: A New Model of Property Preservation

The field service industry, commonly referred to as the “property preservation,” “foreclosure cleanup,” or “REO junk” industry, has changed considerably over the years. When the mortgage crisis and eventual housing fiasco first took hold of the real estate industry, large numbers of small foreclosure contractors entered the market. Many of these micro-businesses performed a variety of mortgage servicing tasks for…

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Real Estate

How to fix a smelly carpet

Does your house smell like locker room or dirty socks? Whether your entire home has a smelly carpet or just a room or two, the smell can be overwhelming. Common carpet odors range from cat urine and smoke to mold and that pungent smell of sweaty socks. Steam cleaning carpets often makes the odor worse, especially if the water is…

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Real Estate

Improve your credit before you get a mortgage

One of the best ways to improve your chances of obtaining a home loan is to improve your credit score. This is because a better credit rating can give you access to better interest rates and more beneficial home loan products. Here is a list of some quick tips to help you get the best credit score possible. While there…

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Real Estate

How to Search for New Commercial Real Estate Listings

PROSPECTING COMMERCIAL REAL ESTATE LISTINGS Retail and Industrial Business Listings Any real estate agent or broker who wants to have a successful career in commercial and industrial real estate should regularly obtain marketable listings. Listings are “stock on the shelf” agents and your income now and in the future depends on both the quality and quantity of the listings you…

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Real Estate

Should Real Estate Investors Obtain a Real Estate License?

One of the most common questions that new investors ask me every day is whether or not it is convenient for them to obtain their real estate license. I spent many years as a real estate investor wholesaling, rehabbing, repairing, flipping and renting without obtaining a license. In the end I decided that it was beneficial to obtain my license…

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Real Estate

Prohibited Self-Directed IRA Transactions

“Generally, a prohibited transaction is any misuse of your traditional IRA or annuity by you, your beneficiary, or any disqualified person.” IRS Publication 590 Well that seems pretty broad and vague, but what can we expect? After all, it is the IRS. They give a definition of a disqualified person that is a bit clearer and more direct: “Disqualified persons…

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