By Gerri Willis
Compliment for The SmartMoney advisor to actual property Investing"Gerri Willis's SmartMoney advisor to genuine property making an investment is significant. it is easy to learn and simple to exploit. In an issue of mins after interpreting this ebook, i used to be in a position to decide on a bit of genuine property I personal that may in all likelihood placed tens of millions of greenbacks in my pocket within the subsequent 90 days. i might say this booklet will pay for itself a millions instances over in your subsequent genuine property transaction." -David Bach, bestselling writer of clever end wealthy and clever ladies end Rich"Leave it to Gerri Willis to depart me offended! Had I taken heed of her recommendation on negotiating cost and realizing how brokers 'really' paintings, i am definite i may have kept millions, most likely tens of hundreds of thousands of greenbacks on my final residence! nice publication. Gerri hits a 'home' run!"-Neil Cavuto, vp, Anchor, and coping with Editor, company information, Fox information Channel"An authoritative, informative, compelling case for genuine property funding from a extensively revered professional, Gerri Willis, who, so much accurately, completely examines this factor from the person investor's element of view."-David M. Jones, PhD, President and CEO, DMJ Advisors LLC
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The big trend among tax collectors is to increase the frequency with which home values are reassessed. In Kansas, for example, homes are reassessed every year; in Missouri it’s every other year. That makes it critical that you make a quick trip to the local town hall’s tax assessor’s ofﬁce to ﬁnd out if any changes are pending. Now, if you are moving to a neighborhood where prices have been increasing handily, beware: Your local government wants a piece of the action. There are two reasons that local governments increasingly have their hands in homeowners’ pockets: First off, the reduction of federal government spending for services that began under President Ronald Reagan has shifted responsibility to states and local governments.
Qxp 2/7/03 12:42 PM Page 18 18 The SmartMoney Guide to Real Estate Investing Jane Garvey, a Chicago real estate investor, got started investing in single-family homes with her husband, and made it a full-time job back in 1983. In all that time, she’s bought just one commercial building, a storefront whose longtime tenant ran a pet treat business. Eager to expand, but short on cash, she convinced Garvey to buy the building and lease it back to her. “The plan worked great—for her,” Garvey recalls.
Another advantage, says Supple, is that buyers don’t ﬁnd themselves the victim of a listing agent who is holding out for a sale to a buyer who is a client of the agency. qxp 2/7/03 12:42 PM Page 30 30 The SmartMoney Guide to Real Estate Investing the entire 6 percent commission,” says Supple. ” Finally, buyers may well get more detailed information about the property directly from sellers. “The owner can tell you where the school bus stops, and where the hiking trails in the neighborhood are,” she says.