If you own a residential rental property, you have surely contemplated what will happen if your tenant does not pay rent. You will have to remind the tenant that the rent is due, they will come up with excuses, and at some point if the rent is still unpaid, you will need to begin…
What are REITs? REITs are Real Estate Investment Trusts. They are corporations that either own or finance real estate. When a company is formed as a REIT, the entity’s earnings are not taxed, as long as it issues dividends to shareholders equaling at least 90% of its income that would be otherwise taxable. Because of…
Cash Will Always Be King Sellers and their agents love cash offers. They don’t have to worry about the financing falling through, appraisals that are too low, mandatory repair items which must be fixed prior to closing, and the possibility of higher closing costs. On top of that, a cash buyer can generally close within…