There are many different kids of real estate “Estates”. Here are some definitions worth familiarizing yourself with. From Wikipedia: Estates and ownership interests defined. The law recognizes different sorts of interests, called estates, in real property. The type of estate is generally determined by the language of the deed, lease, or bill of sale through which the estate was acquired. Estates are distinguished by the varying property rights that vest in each, and that determine [...]

depreciation |diˌprē sh ēˈā sh ən| noun a reduction in the value of an asset with the passage of time, due in particular to wear and tear. • decrease in the value of a currency relative to other currencies : depreciation leads to losses for non-dollar-based investors | a currency depreciation. There are many ways to define depreciation when we talk about real estate. We will cover some of the most important forms of depreciation [...]

What is an annual percentage rate (APR)? You’ve seen it on t.v. when those banks and mortgage companies are giving you the mortgage rates. The Annual Percentage Rate (APR) is the effective rate of interest for a loan per year. The disclosure of the Annual Percentage Rate (APR) is required by the truth in lending law. If your documentation does not show the APR, than require that your mortgage broker or Bank disclose the APR [...]

When it comes to investing in real estate it is important to build your network of contacts. These contacts will be your ultimate circle of influence. They will be the ones you can go to quickly to get things done. Some of your circle will include your Real Estate Agent, Contractor, Local City Code Enforcement Contacts, City Hall Personnel, Roofers, Plumbers, Lenders, Landscapers, Bank Managers, Potential Buyers, etc. These are the people who will help [...]

When you are trying to figure out if a property makes sense financially and you are crunching the numbers, don’t forget about the property taxes. Even if you are going to have the property taxes accrues through your mortgage (which I do not recommend) it is important to figure out what the property taxes are going to be and how much affect they will have on your cash flow. Let me give you an example. [...]