| Have you ever wondered why some people
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| | purchase it. Avoid properties with
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| always seem to buy properties at greatly
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| | potential wiring, plumbing and sewage
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| discounted prices? The Theory of Value
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| | problems unless you intend to spend a lot
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| investing or the art of investing in
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| | of money rebuilding the property from the
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| something that has value but is currently
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| | ground up. Property inspection is a
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| undervalued by the market can be applied
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| | presumed part of any Real Estate Purchase
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| to Real Estate Investment and provided
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| | contract so you must inspect the property
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| you do your sums correctly, you can make
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| | as the law assumes that any buyer would
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| money from such an endeavour.
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| | do so even if the property is being
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| This article will explore three general
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| | auctioned off.
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| areas that you can consider examining to
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| | 3. Fixer Broken Uppers
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| look for bargain Real Estate Investment
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| | Some people are fed up with their homes
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| Properties and explain how you can take
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| | because things leak and the house looks
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| advantage of them.
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| | in a general state of disrepair. If they
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| 1. Tax Foreclosures
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| | are really disgusted with their
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| Its not uncommon for rich people to leave
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| | properties, there would be a chance that
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| large properties for their children but
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| | you might be able to negotiate for a
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| without realizing that sometimes the
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| | lower price for the property because
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| Property Tax levied on the property might
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| | there is so much renovation to be done.
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| be huge and the children end up having to
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| | The tip to this is to bring a contractor
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| sell the property. Another situation
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| | and/or architect with you to learn all
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| arises when the existing occupants of the
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| | you can about how much it would cost you
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| property are unable to pay the property
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| | to fix the problem in the property and
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| tax and a tax lien is then levied on the
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| | resell the property. There are many
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| property. Sometimes the tax authority
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| | people today looking for real estate to
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| then orders for a sale of the property in
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| | buy, rebuild and then resell and you can
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| order to collect the money owed to it.
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| | make money from this Real Estate
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| Tax liens attach to the land meaning that
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| | Investment Strategy.
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| when you buy the property, you purchase
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| | So in other words, you will be looking
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| it with the tax lien attached to it. So
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| | for run down property that you can spruce
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| you would want to do your sums and scout
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| | up with a minimum hassle and cost. Such
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| the potential demand for property in the
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| | properties can also benefit from the
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| area before you plunge in and purchase
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| | economies of scale. By this I mean that
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| the property. One common strategy is to
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| | once you spend some time examining an
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| buy, divide and build, in which you buy a
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| | area and find that most properties have a
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| piece of land and then you divide it and
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| | similar problem which you can solve, why
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| build several properties on it and then
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| | not purchase more than one property and
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| re-sell it out.
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| | rebuild several units in the same area at
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| 2. Mortgage Foreclosures /Bank Auctions
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| | the same time and duplicate your efforts
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| Mortgage Foreclosures and bank auctions
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| | and reduce your effective building cost.
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| usually go together and occur when an
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| | In conclusion, always take your time to
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| individual is unable to pay for his
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| | explore and examine each real estate deal
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| mortgage. The bank therefore wants to
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| | or property investment that catches your
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| foreclose the property and get the
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| | eye and you may be a lot richer for it
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| proceeds of sale to pay for the amount
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| | and be able to get a property at a
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| outstanding under the loan. Like in most
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| | cheaper price from the market. Always
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| negotiation situations, the more
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| | remember that in terms of negotiating
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| desperate the bank is to sell the
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| | power, try not to look too interested and
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| property, the better your chances of
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| | let the more desperate seller reduce his
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| purchasing a property at a greatly
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| | own price. Take some action today towards
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| reduced price.
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| | your investment dreams.
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| You might want to bring along a house
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| | Copyright © 2006 Joel Teo. All rights
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| inspector and a property contractor to
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| | reserved.
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| help you inspect the property before you
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|
