Practical guides on finding deals, finding buyers, and closing your first wholesale assignment.
A turnkey rental property is a house that has already been bought, renovated, rented, and placed with a manager, then sold to an investor as a ready-to-run rental. You pay retail for the convenience, so the deal only works if the numbers hold up when you check them yourself.
Squatters rights are the legal protections a person living in a property without permission may have, mainly the right to be removed through a court process instead of being thrown out. For investors buying vacant houses, they decide how long and how much it costs to get an occupied house back.
A broker price opinion is a broker’s or agent’s written estimate of a property’s likely selling price. Here is how BPOs work, the rules that limit them, and how investors handle them on short sales and REOs.
A portfolio loan is a mortgage the lender keeps on its own books instead of selling it, so it can set its own rules. Here is how investors use portfolio loans to keep financing rentals past conventional limits.
A partition action is a lawsuit in which one co-owner asks a court to divide the property or order it sold. Here is how partition works, what it costs, how heirs property protections apply, and where investors fit.
A judgment lien is a claim against a debtor’s real estate that a creditor gets after winning a lawsuit and recording the judgment. Here is how judgment liens attach, how long they last by state, and how investors clear them at closing.
A notice of default is the formal notice a lender or trustee issues, and in many states records, saying a borrower has broken the mortgage terms and foreclosure may follow. Here is how investors read the timeline, find NOD leads and follow the laws that protect owners in foreclosure.
The Maryland foreclosure process runs through circuit court from the Notice of Intent to Foreclose to mediation, auction, and ratification. Here is each stage and the rules investors must follow.
The internal rate of return in real estate is the annual rate your cash earned over a whole investment, accounting for when each dollar went in and came out. Here is how to calculate and use it.
An estoppel letter is a signed statement from an HOA, lender, or tenant confirming what is owed or agreed as of a date. Here are the three types investors use and the state rules behind them.