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Hot Bargain Real Estate Properties
By: Project Stocks   Tuesday, August 12, 2008 6:27 PM

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by Medina Fowler

Q6: How do I check property liens, value and equity? Answer: Additional liens against a property (these can include delinquent taxes) can be researched several ways. Get free access to tax lien and bankruptcy information for properties listed on RealtyTrac. If there are any tax liens or bankruptcies, a flag will appear on the Property Details page with a link to the full information. Click the History of Notices link on any Property Details page to view a list of data records RealtyTrac has for that property.Is it profitable? They should have monthly, quarterly and/or yearly P&L’s to peruse.

What should I look for if I am considering buying a restaurant? Is it profitable? They should have monthly, quarterly and/or yearly P&L’s to peruse. Although you may get a bargain sale price if it is a “turnaround” situation, it is ALWAYS better to purchase something already making money. Location, location, location. You can get traffic/population studies from Chamber of Commerce and Real Estate people. Don’t underestimate the value of walking around local businesses in the area and asking how they are doing.an investment, timber houses can be just as good as brick houses.

With what types of planned gifts does the Arizona State University Foundation work? The ASU Foundation works with bequests (through a will or living trust), life income gifts, such as charitable remainder trusts and gift annuities, retained life estate of a personal residence or farm, bargain sales, real estate, life insurance, and charitable lead trusts.

If I create a bequest or life-income gift, will CPL continue to ask me for annual contributions? We will, because the commitments address two different needs. Your planned gift is a significant addition to our long-term financial strength our ability to meet the challenges and opportunities the future will bring. The obligations and expenses that we encounter today, however, are met through your annual gift. We are very grateful that you want CPL to succeed both today and in the future.In most states, the answer is yes. In some jurisdictions (like California) unwritten commission agreements are unenforceable. The statute that requires the writing is known as the Statue of Frauds, and it is designed to avoid fraud and misunderstanding in certain types of transactions by requiring clear writings in order for there to be enforceable relationships. A writing is also required in order to transfer real estate. Remember also that real estate commissions are negotiable.

Q5. Should I have multiple credit cards? Absolutely, if for no other reason than to have the ability to borrow substantial amounts of money if needed, such as to start a business, or to pay tuition, or to take advantage of some great bargain (new car, distress real estate, or other cash purchase at a great discount); also, you may need to use different cards to buy gas (to get a maximum rebate), for other purchases (to get a lower rate of interest) or to obtain cash advances (to avoid any cash-advance transaction fees), just to name so.Answer: For subscribers, RealtyTrac provides Estimated Property Market Values on the Property Details page of property posted on RealtyTrac. The Property Details page also includes tax lien and bankruptcy information.

Will you conduct open houses? A. You may hold an open house of your own, if you so desire. However, we do not conduct open houses. The fact of the matter is that open houses are primarily prospecting tools for real estate agents.


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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.
  
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