DC Fawcett’s ideologies on buying and renting a house

Every real estate investor dream is to buy a house, give it out for rent and make profit out of it. On the verge of retirement, the mindset changes where they would like to sell off the house and live in a rental apartment.

DC Fawcett, real estate mentor gives his reviews on buying and renting a house, it pros and cons.

Buying a house:

Down payment

At the time of purchase, the buyer has to mention down payment amount which makes the offer valid. The amount varies depends on credit points and mortgage loans.   

Tax payment

To make sure that the offer and actual price are equal, home appraisal is suggested by the lender. Home inspection is must, if there are any defects has to be checked before buying. Charges are levied almost equal to that of a home appraisal. Maintenance fees, property and utility taxes are to be paid along with insurance and closing cost. Moving cost depends on number of goods and distance.

Repair work

In case, you are purchasing home for the first time, it is great if you choose second hand furniture. Repairs are mandatory, so it is the purchaser duty to shell out the money from his pocket and replace with the new one or repair the same.

Pros:

 Equity
 Tax benefits
Can selling it out for rent
Interior decoration

Cons:

  If the value of the property declines, it leads to financial loss while renting.

Renting a house

Renting a house is comparatively smarter choice, because it is cost effective than buying a house. But there are several costs that you may need to bear.

·         Deposit:

Owners request the tenants to pay the security deposit which can be used if any damage or repair occurs. It is known as security deposit which is returned to the renters at time of vacating the house.

·         Rental payment and insurance:

Prior to moving in, you need to pay the monthly rent, it may vary if you move in between the month. The moving cost depends on number of goods and distance you travel to shift which is similar to moving cost of buying a house. Renter insurance is not mandatory but it is safe to apply in order to protect the house from burglary and fire.

·         Utilities:

Owners may provide basic amenities at the time of moving in, if so they are charged along with the monthly rent.

Pros

Can shift and vacate easier
Credit profiles and points are not strict
Few utilities to be carried while moving

Cons

 No tax benefits
 No equity and housing security

  Rental scams take place quite often.

         They are in form of telephonic conversations pretending to be the owner or real estate agent asking you to transfer money.

    Fraudulent scammers copy the content from sites which are on sale to rental site. So investors must be safe.

   Showing the properties which are belonging to government or corporate to renters which have no landlord.

 To stay secure and safe, join virtual real estate investing club founded by DC Fawcett where his blogs speak about rental and short scale scams.

DC Fawcett Real Estate Reviews – Highly Profitable Real Estate Investments

Introduction

Dc Fawcett Real Estate – Investing in real estate can be a life changing experience! Here is the list of ways which can be used efficiently to make money with real estate!

How to become more profitable real estate investor?

Can i make a huge profit in my first investment? What kind of real estate investment can work out these days?

If these are the questions which you need to get answered then you might be probably investing in real estate for the first time. Real estate investments can be a life changing decision, both in a positive and negative way. It is long term but yet efficient mode of investment which earns you a huge profit.

DC Fawcett Reviews – What are the common sources of real estate profit?

Appreciation or rise of the land value is the most important factor in real estate business. The land value increases as the time passes by and reselling value also increases. Before purchasing the property do a thorough research on upcoming valuable projects or construction economic zones or buildings which raises the appreciation value of the land drastically.

As the cities expand, the land value also increases so that many real estate investors start building the houses. You have to search for such a developing property and invest in it.

Investment in residential properties

Residential property investments are highly profitable and investors can also self occupy such properties. The value of the residential properties increases gradually when all the amenities nearby the houses are coming up. For example, houses nearby schools, colleges and educational institutions sell for higher rate and they can be sold faster too.

House Flipping, why is it called best real estate investment method?

The process of buying an old or repaired houses for under market value and reselling it for higher value could be the simple definition for house flipping. With the help of contractor or individual workers like painter, plumber, carpenter, electrician etc. you can fix, repair or renovate the old house.

Soon after completing the process you can put up the house for sale in market. Make use of online marketing tools and other advertising methods like distributing pamphlets, multiple listing websites etc. to sell the house quickly. Real estate investments also need some marketing skills which help you to sell the property quickly. Make sure that you sell the houses for higher market value price and earn more profit. You can do the renovation, repairs and other improvement works by yourself or hire a contractor to do it.

There are different types of real estate investments like commercial, industrial, rental, mixed etc. Real estate investment has slow returns and you can’t be assured of the profit always. Weigh out the costs and benefits of your actions before start investing in real estate.

Dc Fawcett Real Estate – Advantages of investing in rental properties

Rental properties, a wise and effective way of real estate investment. When you purchase a property and rent it to a tenant, you are entitled to earn a income throughout the year. There are some drawbacks like regular maintenance is needed for such properties and also you need to find a good tenant if one residing in your property decides to leave. The stages of rental properties are,

Property purchase :
Do a proper research and buy a property in developing area
Proper maintenance of the property :

When your property gets old, it has to be renewed to attract more tenants
Searching for tenants to accommodate :
You might have to do this occasionally
Your monthly rental income or Cash flow should exceed the mortgages and other expenses

Conclusion

DC Fawcett is well-equipped in Virtual Real Estate Investing. He is adept at rehabbing, wholesaling etc. in virtual markets where he does not reside. He also provides free Virtual Real Estate advice that is written on his blogs.  One can also know about short sale investing through his blogs.

DC Fawcett Real Estate - Tips To Sell Your Home Without An Agent

How can i sell my home for fair market value price? DC Fawcett, a real estate expert who has years of experience in this industry guides you an easy way to sell your home without an agent.

Selling house is a life changing decision for many. Due to various reasons like relocation, divorce, health issues and financial problems, people sell their houses. But if you are first time home seller then probably you may not be aware of the available methods to sell your home.

Hiring a real estate agent to sell your home might seem to be a fair option. But it has its own drawbacks too. They might charge you 5-10% of brokerage commission charges to sell your house. Sometimes even after paying such a huge sum, they may delay the process and take long time to close on your house. To avoid such hassle, you can take the whole responsibility in your hands and sell your house by yourself with the easy tips by DC Fawcett.

Many new investors have benefitted from DC Fawcett real estate techniques and he guides his students to invest in virtual real estate. DC Fawcett virtual real estate investing club (VREIC) teaches what working best with real estate industry nowadays.

Simple ways to sell your house faster

• Avoid overpricing

Keep your emotions aside while pricing your home. Overpricing the house may avoid the buyers totally and they may not even want to view the house which has been priced unreasonably. You can avoid overpricing issues by hiring an appraiser or real estate expert. An appraiser or real estate expert would know the market value and also the appreciation value of your house. Hence they would never make a mistake in pricing your home. You can also compare the neighbourhood home prices in multiple listing websites and then price your home accordingly.

• Appearance of your home matters

You can maximize the chances of selling your home soon by enhancing it curb appeal. By simple decorations and cleaning process you can make your house look better and sell it faster and for fair price. Before showing it to a buyer, you can do self inspection of broken door knobs, old curtains and torn carpets and change them to new. Give the fresh coat of paint to your house with neutral colors which beautifies the appearance of home

• Depersonalize the home

Depersonalizing your home is very important since your home must look like someone else place. Remove all your personal properties from the house including your pets, wall photos as they may represent your presence in the house which make the buyer to fees uncomfortable.

Step by step approach to sell your home easily

Step 1: Do not overprice your home and fix a right price for your home since it can act as an important factor due to which your house may not attract many new buyers.

Step 2: Find an efficient marketing channels to sell your house quickly. Besides the appearance of the house and other factors, you have to show the people that you have a house to sell. Choosing the right marketing channels and reliable multiple listing websites makes the job easier.

Step 3: Try to convince the buyers by telling the advantages of having your home. For example, you can explain the ongoing construction of school, colleges and other building etc.

Step 4: Get your house ready before showing it to a buyer. Enhance the curb appearance of the house by simple decorations.

Conclusion

These are some of the basic bad home staging works as reviewed by Dc Fawcett. Sellers can benefit by reading these. It is absolutely essential to stage your home well.

DC Fawcett Real Estate - Virtual Real Estate Investing Tips

DC Fawcett VREIC learnt and mastered the art of virtual real estate wholesaling, rehabbing and cash flow investing. His proprietary real estate investing system techniques helps even novice people to grow in real estate business tremendously.

DC Fawcett has years of expertise in virtual real estate investing business. He implements virtual investing strategies in his own markets in and around Tampa bay. He also outsources 100% of the work and through virtual real estate market he earns a hefty profit without investing a single penny of his own.

On achieving a great success with his virtual real estate investing strategies, Fawcett feels proud to share his experiences and his extremely successful real estate strategies with you. To gain more knowledge you can easily download one of our free virtual investing cheat sheets and get started.

Tips to invest in Virtual Real estate:

Real estate investments are profitable, no doubt in that! But can a beginner start investing in real estate with large amount of capital. What are the risks involved in that? You may lose your money if it is not done properly.

To start investing in real estate, there is no need to have thousands of dollars in hand. You can start doing it without buying any physical property.

·         Virtual real estate investing has several important aspects. One of the important aspects is thorough research on property before buying. To estimate the market value price of the property and understand the local market, you can refer to leading property websites. These websites has a database of comparable properties which helps you to gather knowledge on investing

·         You can ask for a loan if you cannot afford to buy a home and by this way you can easily negotiate the purchase of the property. The lending companies and mortgage lenders will easily accept the deal if the size of your loan is big. You can avail the loan easily since the interest rate throughout the country is low. But you need to very careful while selecting the mortgage or lending companies and do a proper research on their reputation.

·         You can search for a seller who needs to sell his house fast due to his urgency. There may be lot of personal issues like relocation, bankruptcy, divorce, financial problems due to which a seller may be open to fund the selling process. You need to find such a person who asks you to close the deal quickly.

·         Seller financing is the quick and easy way to virtual real estate investment. The seller may be interested in funding a loan to close on the deal quickly due to urgent need for money.

DC Fawcett guide on how to become virtual wholesaling expert

Come and experience the house flipping revolution just by spending 32 minutes. No need to look at a house and search for it! You can easily generate real estate deals just by sitting at home. Forget the traditional old methods of real estate investing and switch on to new method of virtual real estate investment.

We assure that you will get 100% working strategies through which motivated sellers will beg you to take their properties of 50% more equity and your secret buyer contact you to get an early access of next deal. You would know how to find hidden deals in any market which your competition can’t find. You can find the best deals in your town and beat the wholesalers with DC Fawcett advice.

He leads you to generate 100% autopilot virtual wholesaling machine depositing money into your bank account.

DC Fawcett – Tips To Start Real Estate Without Money

DC Fawcett Virtual Real Estate Investing club

Are you interested in starting a real estate investment company despite no cash, bad or poor credit score?  If your answer is yes, the doors are open for you. What are you waiting for? Just grab or avail the opportunities wherein you can get financial assistance to establish yourself and free yourself from all the debts. DC Fawcett gives you some tips to start your real estate investment business without any investment.

Tips to start real estate investment without money

If you have huge debts to repay or facing the foreclosure, there is nothing to worry as there are plenty of options to start your real estate investment business. If your credit score is awful, it isn’t the end of the world. You can still avail loans from some of the sources. Here are the tips.

1. Hard/Private Money Lenders

   If the banks don’t approve your loan application, owing to your poor credit score, you can resort to hard or private money lenders who can help you. There are certain criteria for loan approval in this option. The fees and the interest rates may be high.

2. Wholesaling

   You need not have a high credit score or large amount of money down. Real estate wholesaling consists of finding discounted properties that are given to the prospective and potential buyer who is getting paid to do that.

3. Home Equity

   This is another option for the investors who have no upfront money. It is an added advantage as the property value has gone up recently. The investor has two options to avail finance.
   Rewrite the first mortgage and opt for a reverse mortgage.Keep the first loan aside and add a home equity line of credit.

4. Seller Financing

   With this type of financing, the investor directly deals with the seller or the homeowner and sign an agreement that states about the due date of paying the interest and the consequences of default that has been agreed.

5. Borrow money from family or friends

   If you have little or no money, but are from a well-to-do family or friends, you can borrow from them with an assurance of paying them back. You can do this by writing a promissory note with payment dates and the rate of interest. You need to take certain factors into consideration before approaching them such as your relationship with them and how it will get affected if you are unable to repay them.

Conclusion

Understanding your credit score is more important if you wish to avail for further loans. Your loan approval depends on the credit score you have.

How To Keep Safe From Real Estate Scams And Fraud -DC Fawcett

One cannot afford to be gullible in case of a real estate transaction. The con artists are also former real estate professionals who make use of the real estate procedure.

Here are some warning signals for you to safeguard with regard to real estate scams. You can be judicious while you are dealing with purchasing, renting or selling any property.

• You should never carry out the deal in a fast manner. It may be a very good deal and you want to grab it, but you have to ask questions. If you are a renter you should get inside the property rather than seeing the house just from outside.
• Some former real estate agents may be so convincing that you won’t believe that they are con artists. They will have a page in business to business social media platforms like LinkedIn and it would give outdated info or wrong info that the victim believes to be correct. There are also unlicensed professionals who are still in the process of selling properties. So it’s wise that you ask for the license of the agent.

• Some sellers will consciously sell off properties that have issues. But they will give a picture as though the property is seamless. So it’s prudent to pose as many questions about the property including the reason for selling off the property etc.
• Be sure of what you are involving yourself into. The key is to carry out the homework and get a professional and legitimate real estate agent to help you in the whole procedure. You can get property details through a title company. This helps you to cognize who is adhering to law in case of owning real estate.
• You may have a feeling that there is something wrong but you would not have paid heed to your gut feeling. So the key is you should not ignore your gut feeling. There are some real estate agents who make the home buyers to give false details so that the loan application looks good. You may get the deal across but that implies that you also got involved in the fraud. So it’s good to say a big no to a transaction if you are not comfortable with it.

• One has to be extra careful in case of scams related to rentals. This is due to the reason that this is the only fraud where the attorney is not involved. In case of purchasing houses it’s a different case. Banks are extra careful that you don’t involve in a purchase deal where you are not the owner of the property.

When you have a partner these are the suggestions to stay away from real estate scams:

• Partnering is good when you have dependable partners in lucrative markets.
• You can put forth some prudent questions to your partner including the reason for the deal being good, how can you be safeguarded from the partner going away with your money etc.
• If a person offers a deal ask your real estate attorney to analyze it carefully.

  Be cautious of the foreclosure scams

  As bad luck would have it, there are a huge amount of fraudulent companies which claim to come to your aid when there are imminent foreclosures.  These companies wait to lay the bait for you and cheat you.  These companies call themselves as the consultants with regard to foreclosure and as the foreclosure specialists.  Before choosing any of these fraudulent outfits, check out the credentials and business credibility through sources as the US Department of Housing and Urban Development.
  One has to know how the foreclosure scam specialists get to know him.  They usually find it in the foreclosure listing in the local newspaper.  Very soon, call start pouring in trying to deceive you into a deal.
  There are various methods adapted by the fraudulent companies to cheat homeowners.  The tricks that they adapt are
  • Equity Skimming
  • Equity Stripping
  • Fishy Counseling Agencies
  • Lender Scams
  • Fishy Loan Transaction
  • Internet and Phone Scams
  
  
  Foreclosure is a very serious issue.  If sufficient care is not immediately taken, you may lose your home and your credit score is also damaged.  One has to have complete knowledge regarding the foreclosure and find out the exact mortgage assistance companies that pull you out of the difficulty.  When proper attention is not paid to the difficulty, fraudulent foreclosure companies will start laying the bait.  Next to your family, your home is the valuable property that you retain.  One should not allow fishy companies to take him for a ride.

Conclusion

One must always be cautious of scams as they result in heavy losses. These tips above, by DC Fawcett will surely help in identifying and avoiding scams.

Tips for kitchen remodeling - DC Fawcett

Introduction

Our kitchens are the most vital part of our homes. You plan the day at the kitchen, discuss with your family in the kitchen and cook delicious food at the kitchen. They are your trump cards when it comes to selling homes. Buyers will scrutinize your kitchen as compared to any other room in your home. So make sure to keep an uncluttered, tidy and functional kitchen. DC Fawcett, a real estate investor and mentor, gives guidelines on kitchen remodeling.

Have a plan

Kitchen remodeling must be done with a proper plan. Most people do remodeling in parts – they do the backsplash first and then remodel the floor and so on. This will make the kitchen look like a set of disparate elements. So plan ahead, buy the materials and start with a proper budget.

Have a functional design and choose appealing material

The effect of kitchen remodeling will linger for a long time. Ensure that you buy materials which attract potential buyers. Also make the kitchen more practical and useful rather than decorative.

Leave the corners free

Keep the corners free. Have space for your door’s swing in your kitchen design. Don’t allot spaces for kitchen equipment’s in the corners of your kitchen and make sure that doors don’t crash into each other when opened simultaneously.

Lay down a budget

Draw out a remodeling budget. While you do so, you have to consider the following things.

• Check your home warranty to see if the appliances have been covered
• Plan according to the size of the kitchen, the quality of the features and others
• You have to service and repair the equipment’s that you want to retain
• Make sure that you don’t run out of money for mounting expenses

Chalking out a kitchen remodeling budget is very important

Keep abreast of the trends.

There are some in the trend kitchen designs.

For example:

Deep drawers

In the depth drawers make cooking and storage easier. They are easier to access and incorporate into kitchen design.

Fewer upper cabinets

Upper cabinets are not the preferred style nowadays. People want airy and open shelves to display artwork and utensils.

No frills kitchen designs

Heavy molds and decorative designs are no longer the fashion. You should consider having a no-frills design with strong horizontal lines.

Use polished silver for taps and shelf holders

Add polished nickel or chrome to faucets, shelf brackets and others.

Have functional sinks

Install sinks which perform timelessly and which can hold large pots, pans and other items that require hand washing.

Conclusion

Kitchens are the highlight of your homes. It is central to everything in the home. Kitchen remodeling is most suited for older homes. Dc Fawcett has given some good suggestions for kitchen remodeling in this article. Directions given by this expert will be beneficial to those who follow them. Dc Fawcett VREIC  shares his knowledge on real estate in his blog which is also known as the virtual real estate investing club.There are a lot more tips given by Dc Fawcett to increase the curb appeal of your home.