News about properties and real estate
Do Your Numbers and Think… Should I Buy a Miami Beach Condominium to Flip It? Question: Should I buy a condominium to flip in a couple years? Pre-building cost of a unit $300,000. Down payment is 10% or $30,000. If the unit is not completed for 6 months and the $30,000 was in a 3-month …
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Why you should (and shouldn’t) pay off your mortgage The question comes to investment adviser Jim Miller in various guises, but it comes frequently and it boils down to this: Is money better used to pay down debts or to build an investment nest egg? Most often the inquiry involves a home mortgage. The other …
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Why 50-year mortgages are a ‘Stupid Investment’ Take the worst problems of one stupid investment and mix it with the biggest concerns of another and you wind up with a Stupid Investment of the Week to the second power. And that’s precisely what you will get if you fall for a 50-year mortgage, a relatively …
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10 questions to ensure good condo purchase Finally, we get to the all-important 10 key questions smart condo buyers should ask (but condo sellers hope their buyers don’t ask): 1 – WHAT IS THE FINANCIAL CONDITION OF THE HOMEOWNER’S ASSOCIATION (HOA)? If you are a buyer seriously considering purchasing a specific condo unit, it’s time …
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Real estate wrangle snares homeowners Asset freeze halts construction To understand the impact of real estate investor Solomon Dwek’s multimillion-dollar financial troubles, look no further than Sam and Terry Nowell. The Ocean Township couple thought they had a solid deal to sell their Monmouth Road home to Dwek. Less than a week after they put …
City’s auction goes online [North Florida] For years, those who wanted delinquent tax certificates waited for the week in May in which they could invade the county courthouse and bid Wall Street-style for those certificates pertaining to properties all over Duval County. The process was the 4-5 day auction in which delinquent tax deeds were …
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