ARTICLE GUIDE AND TIPS

Posts Tagged ‘foreclosure’

Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intensions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high. When you purchase your property you need to be sure that you buy the house with enough money to make renovations, have carrying cost, and add about 5 $6,000. Now, cost is at $147,000, and that is if everything goes as planned. Profit is under 10,000 dollars. The mistake was made at the purchase at the home, not the sell. Read the rest of this entry »

As compared to other counties, the number of Houston cheap homes and foreclosures are comparatively less. The county has somehow restricted itself to the sidelines where the national foreclosure crisis is concerned. Houston foreclosure listings are not swelling with new foreclosures every week and the housing prices have been quite stable i.e.: they have not really taken the plunge like in some of the other neighboring counties or even states. In fact, the overall housing prices have remained at a modest level and the only factor ensuring the stability of prices is the easy availability of land.

Houston has a generous abundance of space some of which are protected while others are not. But this is not the only reason! The second reason is the lack of zoning as pointed out by Bill Gilmer, a senior economist with the Federal Reserve Bank of Dallas’ Houston branch. From the perspective of economy, Read the rest of this entry »