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Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

When you’re about to buy your first real property outside of your primary residence, you should know whether you’re going into it with the intention of renting or if you want to flip and make an immediate profit. This means on a $250,000 property, you’ll have to have a minimum of $37,500 in cash for the banks to even consider a loan.

Investing 337
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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

An appraisal is an objective, impartial, and unbiased opinion about the value of real property prepared by a State Licensed or Certified professional appraiser. Under fee simple ownership, a property owner may occupy the property and have the right to sell, lease, mortgage, or give an interest away.

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What Is a Land Contract In Ohio? Full Guide [2021 Update]

The Robert Weiler Company

You may have noticed by now that a land contract sounds similar to a mortgage. The big difference is that you are not borrowing money from a bank or lender and paying back the purchase price plus your mortgage payments to the bank. Why would a tenant opt for a ground lease? Deed remains with the seller.

Contracts 143
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How should appraisers approach short-term rentals?

DataMaster

The purchase of real property for the purpose of investment is not new. Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. This is creating significant friction in the lending environment. What do short-term rentals mean for appraisers?

Appraisal 148
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Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

In addition to the prospect of skyrocketing property values, buying commercial property for sale gives you control of the property and allows you to dictate usage, rental agreements, and types of tenants. . Make Sure Your Commercial Real Estate Investment Pays Off with 5 Tips. Tip #4: Avoid fundamental mistakes.

Investing 138
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Checklist: What to Include in a Narrative Appraisal Report

McKissock

for mortgage financing purposes or tax assessment appeal purposes) Identification/brief description of the property appraised Real property interest appraised (e.g., fee simple, leased fee, etc.) population, news articles, economic data, internet searches, etc.)

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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

Under fee simple ownership, a property owner may occupy the property and also has the right to sell, lease, mortgage or give an interest away. Examples: Owner occupied properties don’t have a lease in place and so the property is appraised based on market rents. Clarify What Value or Values are Needed.