article thumbnail

Rhode Island historian uses a reverse mortgage as an estate planning tool

Housing Wire

“The foundation would get what was described, in a January 2023 fundraising package, as a ‘prestigious headquarters … [and] site for small scale, but elegant events’ with its ‘voluminous library on American legal and constitutional development’ as a resource for nearby Roger Williams University ‘s law school.”

Tools 374
article thumbnail

Make Your First Investment Property an Attractive and Profitable Option

Cleveland Appraisal Blog

You’ve just purchased your first property to renovate. Let the Renovations Begin! When you’re figuring out how much money you can put into your property, don’t forget to calculate renovations. How can you capitalize on your first investment property? Next, look at your space. Form a Business Structure.

Investing 332
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Move and Start a Home Business – Yes, at the Same Time

Cleveland Appraisal Blog

Decide what you are looking for in your new home, how much space you will want, what renovations you are willing to make, needs relating to your business activities, and more. If you need to purchase inventory or supplies, do so after your business is legal.

Business 243
article thumbnail

Understanding the Math of Profitable Investment Properties

Eppraisal

These may include property taxes, insurance, maintenance and repairs, property management fees, and any homeowner association (HOA) dues. This includes the down payment, closing costs, and any renovation or improvement expenses. Be sure to factor in all associated costs, including mortgage interest, property taxes, and insurance.

article thumbnail

Just Put in an Offer on a Home? Here's What to Expect

Eppraisal

Your offer will only become legally binding if the seller signs it. Buy New Homeowners Insurance Call an insurer about getting a policy for your new home. Finalize the Closing Date The closing date usually occurs between 30 and 60 days after the offer becomes legally binding. The seller can pick a different one.

article thumbnail

8 Essential Steps on How to Rent Out Your House: A Comprehensive Step-by-Step Guide

Movoto

Ideally, you’ve renovated and updated the property to modern standards, as this will allow you to successfully obtain an amount on the higher end. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

Tenants 36
article thumbnail

What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly. Superior Arts District’s new tenant brings jobs, art to in renovated warehouse – Marc Lefkowitz of Cleveland Fresh Water.

Appraisal 309