It’s likely that during your real estate research, you came across the phrase “short sale” or “short pay”. What is a Short Sale?” A Short Sale or Short Pay is a type of real estate sale. It is not a foreclosure nor is it an REO. When a homeowner (borrower) is behind... Purchasing a fixer upper can be a great way to enter into a property with equity from day one. Fixer uppers are essentially other people’s problems that you’re dealing with, which comes with upside, but also with work and risk. What should home buyers be... A contingency is something that must happen for something else to happen. In real estate, a common example is a mortgage loan contingency which means the buyer must be approved for loan or they can not fulfill the terms of the purchase agreement. If the buyer... An HOA can be deal breaker for many properties. Not all HOAs are created equal and it’s important to perform your due diligence about the solvency of the particular HOA for any property that you’re interested in purchasing. In fact, mistakes relating to... “Landlords grow rich in their sleep.” John Stuart Mill Buying a home to rent means a different set of investment criteria than searching for a home to live in. If you will be looking for a place to live yourself, there is personal value attached to aspects of the... 