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DC Fawcett Reviews – A look into selling a property before pay off the mortgage

DC Fawcett Reviews – A real estate property being in mortgage simply means that you still owe cash to your money lender and have failed to satisfy your home loan. It takes a period of 15 to 30 years approximately, to conclude a typical mortgage and home owners regularly sell their homes to move before loans are paid.

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DC Fawcett Reviews – A look into selling a property before pay off the mortgage

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  1. DC Fawcett Reviews -Pay Off The Mortgage, Snowball Method,Absentee Landlord

  2. Introduction DC Fawcett Reviews – : • A real estate property being in mortgage simply means that you still owe cash to your money lender and have failed to satisfy your home loan. • It takes a period of 15 to 30 years approximately, to conclude a typical mortgage and home owners regularly sell their homes to move before loans are paid.

  3. A look into selling a property before pay off the mortgage • Selling a property before paying off the mortgage is a fairly common concept that involves lot of formal procedures and this article will throw light on it. • It takes a period of 15 to 30 years approximately, to conclude a typical mortgage and home owners regularly sell their homes to move before loans are paid.

  4. Before selling your home • Being aware of the outstanding loan balance will help you come up with a selling price. • Hence if you are planning to sell your home at this state of condition. • Then it is recommended that you contact your mortgage lender and ask for your current mortgage payoff amount. • Together with this, it is imperative that you review your mortgage loan paperwork and look into the details of it and also for due-on-sale clauses.

  5. At the time of Home sale • Hiring a real estate agent is what you can do, in case if your lender doesn’t set you up with a title company. • The mortgage payoff amount, account number should be submitted to your agent, in order to finish this task.

  6. Potential threats • The home-selling process may go smoothly, but you will have to deal with what it throws at you. • For instance, during this case, the lender may charge you a fee for prepaying your mortgage. • This being the case, you will have to bear both the fine and your last mortgage bill. • With negative equity you will have to find a way out which is another potential setback.

  7. Dc Fawcett Tips for Absentee Landlords • Absentee landlords are those who buy a property and own it but are not present on the site of the property. • Absentee landlordism has bonuses and minuses for both the tenants and the landlords themselves. • In this article, Dc Fawcett, a real estate entrepreneur and mentor gives tips for absentee landlords.

  8. Guidelines for absentee landlords You should get to know the locals • You should get to know some locals in the neighborhood of your home. • These locals will help out during times of crisis and help you to keep a check on the property and the tenant. • For instance : if the tenant is involved in a lock in, then the neighbor who has the key will help out. • Also, he can give you information on what happens with the house, how the tenant is maintaining the house and how he behaves with the neighbors and so on.

  9. You should hire a property manager • Property management companies take care of your responsibilities as a landlord and you should hire one as you don’t have the comfort of staying near your property. • Before you hire a property management company, you should do some research.

  10. Property Manager • Choosing tenants • Interacting with them • Organizing home showings • Marketing the home • Preventing your home from sitting for a long time in the market • Take care of emergency situations • Takes care of repairs

  11. Personality development • As an absentee landlord, you should have certain characteristics. • If you don’t have those, at least develop them. • Positive attitude : you should have a positive attitude and you should be really self motivated.

  12. You must be able to devote time to the job: You must have the ability to balance your personal life and your job. You must be able to manage all this from offsite. You must keep cool and practice great time management. You have to treat it like a full time job. Don’t procrastinate and work hard and smart: Since you are your own boss, you should ensure that you don’t postpone the work. If you choose to waste time by idling, leisure activities or partying, you can never do good work and will hardly make any profits.

  13. Have a strong network of people • You should have a powerful network of people and friends. It is very important for an absentee landlord. • Property management companies take care of your responsibilities as a landlord and you should hire one as you don’t have the comfort of staying near your property.

  14. How the snowball method works in Real Estate? • Before getting into the concept of the snowball method in real estate, let us have a look at the snowball momentum. • Symbolically, a snowball effect is a course of action that starts from an early state of undersized significance, but builds upon itself, turning out to be larger, graver, and more severe.

  15. The cash flow can be used to purchase more real estate investment properties • The key to this very first strategy of the Snowball Method in Real Estate is to use the cash flow you make from your rental properties to pay for more rentals. • As you hoard more rental properties, the cash flow would constantly keep scaling up making the time to save up for another real estate property in a shorter while, your money will start getting bigger and gain more speed, hence the snowball effect.

  16. The cash flow can be used to pay off the mortgages • The second available option is to use the cash flow to pay off one property at a time. • This is a profitable method if you are buying properties that are under market value. • The chances of making more cash flow is high when you have paid for a mortgage completely and when you have accumulated multiple properties you’ll be able to pay off one mortgage a year, then two, and gradually it goes on.

  17. 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.

  18. Also Refer My Sites • http://vreic.com/ • http://virtualwholesalinginvesting.com/ • http://virtualcashflowinvesting.com/ • http://virtualrehabbing.com/ • http://dcfawcett.reviews/ • http://dcfawcettrealestate.com/

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