Real estate market booms in Gaza
The property market is Gaza City is booming despite widespread poverty and regional tensions. Now real estate agents are trying to attract investment from Palestinians living abroad.
I am very interested in purchasing property and renting it out but have no credit history. Would that be a problem? Also is there a way you can get money back after it closes escrow. And do those TV programs about buying and selling real estate tell you information thats hard to find out for yourself?
I have an idea that I think could earn me a fortune but I’m not clear about if its possible. I have located many houses that are vacant either because of taxes or bank foreclosures. I like to get a government grant and purchase the properties and turn around and sell them. Is this possible or not.
I purchased a wholesaling program about a month ago, but I still having trouble understanding the process.
I negotiate a price with the home owner in foreclosure and then the next step is to turn around and sell it to a rehabber for 60 or 65% of market value.
I understand it so far, here is an example. I find a property for $100,00. the owner owes the bank $50,000. The property need some work $15,000 I get my fee $10,000 the owner gets $10,000. back payments $15,000. =$50,000.
When I go to the title Company how do I write up the contract because my understanding I get my check and the owner gets his check at closing, but what happens to the repair cost. The rehabber already gets a property valued below market, does he also get additional $15,000? It looks like the rehabber will be buying the property for $50,000?
Thanks for the help
Real Estate Question
What I was planning to do is to put the house for rent with one agent and at the same time, put the house for sale. I have tried going with just one but I am not having any luck in finding prospective buyer/renter. So I thought about putting it up for rent and for sale at the same time.
I don’t want to put the house for rent by two different agents. Each agent would be responsible for rental/sale respectively.