Dc Fawcett Real Estate Tips – The Perks of Absentee Landlordism

 

Dc-Fawcett-real-estate-reviews-the-Perks-of-Absentee-Landlordism

Dc Fawcett  Real Estate – Who is an absentee landlord?

An absentee landlord is a person who owns a property but does not stay on the property site. An absentee landlord has many benefits in investing on properties that he does stay on. He looks for substantial rental incomes from these properties. Absentee landlords are absent from their own property places and thus employ people to look after their property dealings while they are absent. Is it better to have a landlord who stays away from your site? In some ways, yes it is. You can have more freedom and be the boss of your home even while you are a renter. In this article, Dc Fawcett  a real estate millionaire and an adept in real estate mentoring reviews the perks of absentee landlordism.

Pluses for the renter

You can party anytime with your friends at any time of the day or night. There is no landlord to call you and reprimand you unless some neighbor complaints to the landlord that you are disturbing their peace. So, what can you do for that? You can involve your neighbors in the party too. Who will not like to be a part of a party huh? So, utilize this perk of absentee landlordism.

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You can keep pets

You can keep pets without the knowledge of your landlord. If the pet creates such a ruckus, it is likely that the neighbors will report to the landlord. Also, an aggressive pet may damage things which will cost you your security deposit. Otherwise, you can safely keep a pet.

You can take time to pay your rent checks

You can take your own time to pay your rent checks. There is no landlord nearby to keep a strict watch on whether you are paying your rent on the first of every month. It is great to have flexibilities in payment.

Dc Fawcett – Benefits for the landlord

Escape the local economic crunch

Even when the local markets are down or mortgage interest rates are erratic, the landlord continues to get income from his foreign property investments. Thus he can escape the local economic crisis.

Some countries have extremely lenient tax laws

Some countries have highly advantageous property tax legislations. In some countries, you don’t have to pay taxes on your rental incomes. You can use it as savings or towards some other expenses.

They can be good vacation homes

Investments abroad can be good homes for holidaying. You can take your entire family there for a period off. You will have unique and diverse sources of entertainment in such foreign countries.

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DC Fawcett Tips On How To Handle Absentee Landlords

Absentee landlordism is a kind of landlordism in which owners buy properties but they are not onsite. They often manage the properties with the help of a property management company which performs so many functions like marketing, arranging home inspections, taking care of repairs and emergencies and so on. Absentee landlords usually buy properties abroad and they leave the country to their own country. Thus they are absentee landlords. Absentee landlordism comes with a host of positives and negatives.  In this article, Dc Fawcett gives tips on how to handle absentee landlords.

Pay rent in time

Some absentee landlords especially those new to absentee landlordism find it difficult to hire property managers. Thus they find it difficult to collect rent. Many tenants of absentee landlords usually pay rent late. They take their own time. Don’t do this. Pay your rent in time and you will be in the favorable books of the landlord and in times of emergencies and otherwise also, you will be entitled to more benefits.

Home inspection is crucial

A rigorous home inspection is crucial and you should make sure that all fixtures, home appliances, HVAC, roofs, taps and others are in good condition. When you move in and when you move out, everything must be in good condition. Document all faults and make them legal. Take photos and date them. Stamp all the papers.

Dc-fawcett-real-estate-Home-inspection

You need to adapt to the situation

Flexibility is the order of the day and as a tenant of an absentee landlord, you should be adjustable. For instance: you break an equipment in your house and you want it to be replaced. Decent landlords will remove the old one, buy a new one and replace the old one. The landlord facilitates and pays for everything but in case he is an absentee landlord, the distance does not allow him to arrange these things. You will be asked to do it yourself and pay for it. It is better to do so instead of making it an issue. In this case, absentee landlords will have a good impression on you.They will adopt a friendly attitude towards you and continue to help you out in your future issues. You should maintain a very good relationship with absentee landlords since they live at a distance. If you don’t do so, you will be overlooked and your complaints will be ignored.

Dc Fawcett Reviews – Tips for Absentee Landlords

Absentee landlords are those who buy a property and own it but are not present on the site of the property. Absentee landlordism has bonuses and minuses for both the tenants and the landlords themselves. In this article, Dc Fawcett, a real estate entrepreneur and mentor gives tips for absentee landlords.

  • It keep cool and practice great time management. You have to treat it like a full time job.

  • Don’t procrastinate and work hard and smart: Since you are your own boss, you should ensure that you don’t postpone the work. If you choose to waste time by idling, leisure activities or partying, you can never do good work and will hardly make any profits.

  • Positive attitude: you should have a positive attitude and you should be really self motivated.

Have a strong network of people

You should have a powerful network of people and friends. It is very important for an absentee landlord.

Dc Fawcett Real Estate Tips – The downsides of absentee landlordism

Downsides for the renter

No proper communication

Sometimes, you cannot communicate urgent matters to the landlord. The distance serves as a big hurdle. Your messages may be overlooked. Your calls may not be received.

Repair work

There may be some urgent repair works that have to be done. Although, there are property managers to whom you can communicate, some things have to be dealt personally by the landlord and he cannot be contacted easily or come down soon.

Downsides for the landlord

The distance

There are some matters which you should deal with in person. You may not be able to come due to the distance. Although, you have hired some property managers to manage property affairs during your absence, there are some concerns which you must inspect on your own. For instance: you have to check repair works to see if the quality is as good as your payments. The final supervision is yours.

Conducting the business will be too hard

Conducting the business will be really hard especially if you are new to the field. As a new landlord, you will not have enough income to hire people for every concern. Thus collecting rent, signing contracts, inspecting initial repair works and so on is tough. Also, when you are purchasing property unseen, you may be paying more than what is required.

Buying in foreign markets is risky

You cannot rely on local track records for buying property abroad. Foreign markets are different in nature and even adept landlords may fail when it comes to investing abroad. The investments are higher and involve the risk of loss of millions if you fail to get a good property. Also, you cannot file a law suit as easily as you can do locally. Foreign rental and property scams may be hard to tackle for you and you have to do a lot of research or hire a trusted real estate agent.

Managing tenants

Tenants may take things for granted. They will not pay in time. They will misuse your absence. For instance: they will keep pets even if they are forbidden to do so and they may cause great damage to your property sometimes.

Dc Fawcett Real Estate Ideas – For Improving Curb Appeal Through Landscaping

Curb appeal means external appeal. While staging your home, you need to make sure that it carries a good exterior appeal. Buyers are attracted to your home through the curb appeal of the home. You must make it so attractive that they will be pulled into your home through the exterior appeal. Don’t leave the front yard dirty and keep it clean. Trim the overgrown bushes at the entrance and dispose extremely old furniture sets in the portico of the building. These are some of the basic steps that you take towards increasing your curb appeal. If you don’t do this, it will be a put off for potential visitors to enter your home. Home staging is extremely important and if you don’t do it well, your home continues to sit vacant in the marketplace for a long time. And curb appeal is the most important part of home staging as first impression is the best impression. In this article Dc Fawcett, a million dollar online entrepreneur, gives tips for increasing the curb appeal of your home.

Curb appeal is about improving the appearance of your home exterior. For an introduction to curb appeal and basic curb appeal tips, check out Dc Fawcett’s articles on tips for improving curb appeal – part 1 and 2. In this article Dc Fawcett ideas for improving curb appeal through landscaping.

Improving landscapes can increase curb appeal

Beautiful landscaping heightens curb appeal. It does not matter even if you plant unknown plants but it surely adds a sense of beauty and freshness to your home. You can plant vegetables trees and flowers, grow grass and so on. Badly maintained landscapes cost you bucks. There may be deductions of about 10-15% while well maintained landscapes can add value to your home – nearly 28%. So, here are some great ideas to augment landscapes.

Dc Fawcett Tips – Make it greener than ever

So what do you do? Obviously grow more green grass. Add sod to your garden or you can plant turf grasses. They are long standing and withstand dry spells. Remove unwanted and space-occupying weeds and watch out for vacant spots. You should add fertilizers every six weeks and water the grass continuously. A greener front yard is better than ever.

Do landscaping according to the house

Small and pretty flowers don’t fit in with big houses. They will not be conspicuous from the streets or the driveway. Instead use midsize shrubs and plant them along a line. Let them project the walkway and the house. Clubbing plants together will grab the attention of people. You may have seen this in parks, natural areas preserved and converted into tourist spots and national gardens. You can do it somewhat close to that by observing the group planting there.

Choose colors for flowers

The color of the flowers should go with the color of the house. For instance: a red house will look nice when you use yellow, white and pink flowers. If the house dominates and people don’t see the flowers on the plants, then you have chosen the wrong colors.

Add lighting

Illuminate those plants which will grab the eyeballs of the potential buyers. Plants, shrubs and trees should be well lighted. Use professional lighting services to add lighting. Again choose light colors according to the flowers. They must contrast well with the flower colors. The entire ensemble of flowers, lights and trees should create dozens of joyous patterns in your buyer’s minds.

Plant trees

Trees not only improve curb appeal but add more value to your property, especially mature trees. The value of trees is hard to determine. In some markets, they add up to 10% of a $100, 0000 property. They save energy and hence costs. They give plenty of shade and keep your home cool. Children enjoy playing  around and climbing trees. Grandparents experience a sense of satisfaction when they witness trees. They are an excellent addition for property value and curb appeal.

These are some ideas given by Dc Fawcett to improve landscaping. You should improve the landscaping in your home which will automatically heighten the curb appeal of your home.

Dc Fawcett Tips For Improving the Curb Appeal of Your Home – part 2

What is curb appeal? Well it means the external appeal of your home. This is very important to attract buyers. In this article, Dc Fawcett gives tips for improving the curb appeal of your home. But before you read this, read part 1 written by him which contains an introduction to curb appeal as well as some more tips on increasing the external appeal.

Add a new letter box

This will increase the curb appeal. Add a colored and freshly painted one. It does attract prospective buyers.

Add lights

Add lights to the door and make the lighting symmetrical. Symmetrical lighting illuminates the exterior and goes well with the door hardware. The door can be supported by 2 bejeweled candle holders. Buyers will be put off by dark exteriors. Lights create a myriad of colors in their hearts and make them dance. You should add lights to the garden and walkways. Add low voltage lights and add fixtures. Fixtures can add area specific lighting. If you cannot use wired lights, use solar lights but it may not be so intensely bright.

Keep windows clean and let the sunshine

This is a very simple and inexpensive tip. Clean the windows. Wipe the glasses with a wet cloth. Take a small cloth and then clean the edges. But this will be cumbersome. You have machines to take the dust out of edges. Research the net on how to clean windows. There will be some tips. Also keep these spotless windows open and let the sunlight in. This will ensure that the home is bright when the potential buyer enters. Dingy, dull and badly illuminated homes are put offs to the prospective buyers who will think that there is no proper facility for sunlight to peep into the house.

Chuck out rot and trim overgrown bushes

Trim overgrown bushes and spruce up the front yard by throwing away trash, mowing, reseeding the lawn and so on. Also chuck out rotten wooden materials and furniture. You can remove the rot by using specific tools and materials. Chuck out old fixtures and other materials as well.

Vestibule railings

These add to the beauty and dignity of the home. They are also a caution feature as they protect people from slipping out of the portico. They are expensive but it is a well grounded safety feature and enhances the look of the home.

Add gutters

Gutter pipelines are not just important for the drainage and waste water to go out but it also adds to the appearance of the home. Shiny copper gutters can be added and contact local bodies to check out which types are best suited for the climatic conditions in your city.

Put neat and new furniture in the porch

The new furniture will add pleasant freshness to the exterior of the home. Sometimes you can put ornamented and expensive furniture if you can afford it.

Dc Fawcett – Factors Which Diminish The Value Of a Fine Home

There are some factors which increase the value of a home like good staging, proper renovations and also the weather conditions in a locality. Similarly, there are elements which reduce the value of your home. In this article, Dc Fawcett reviews the factors which diminish the value of your home.

Location

Unsuitable location is an important aspect which reduces the value of your home. It is very crucial that your home must be in a good location.

  • Your home should not be near an area of high crime rate
  • The location of your home must not have school closures
  • The location must not have extreme weather conditions
  • The location must not have high noise pollution though areas adjacent to airports and railways stations will raise the value of your home as they have good transport.

  • Locations with industries and cellular towers pose health hazards and hence are not considered as good locations

Thus your home’s location if unsuitable will devalue your home’s worth and Tips on how to handle Absentee of Landlords.

Foreclosures                           

An area which has maximum number foreclosures experienced a major setback to the home’s value. Those homes which were around 300 feet saw a drop of 1.3% in home value across America in November 2016. If you are not able to make your monthly payments, then your home goes into foreclosure.

Neighbors with untidy homes

When your home is adjacent to a neighbor who maintains an untidy front yard, home estimators give less value to your home. This is a factor which reduces the value of your home.

Superstitious beliefs

Various myths reduce the value of your home. For instance: the Chinese believe that the number 4 signifies death. The number 13 is not honorable.  Thus, in the 4th and 13th floors will be trashed in value. This is with respect to the Chinese that you are reading. But, similarly Americans have certain superstitions which will trash your home’s worth.

Bad curb appeal

This reduces the significant worth of your home. A badly kept front yard or dark interiors can be a put off to many buyers. A cluttered front yard will drive away buyers. Some luxury features like over kept landscapes or swimming pools will not encourage buyers to buy your home since buyers tend to associate such amenities with high costs. Thus bad curb appeal leads to undervaluing your home.

Landfills and power plants

The residents near areas with landfills had to bear the stink from these landfills. Thus, property values near landfills dropped by 5.5% to 7.3%. Power plants are considered as health hazards due to the dump they generate. Therefore homes near power plants are seen to fall in prices.

Pets

Damage due to pets like torn carpets, broken walls and lingering pet stench will drag down the values of your home. You have to repair these damages and market your home. Also keep your pets somewhere else when the home is in the market.

These are some of the basic factors that devalue your home as reviewed by Dc Fawcett.

Conclusion

Dc Fawcett says that,Absentee landlordism is a good for tenants and the owners in many ways. These are some of the benefits of absentee landlordism as reviewed by Dc Fawcett.He is a million dollar real estate investor and he invests in areas where he does not live. He gives tips for real estate online and they are beneficial to many salesmen.

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Dc Fawcett Reviews – The Disadvantages Of Mobile Homes

 

Mobile homes are homes which are built together and installed on a chassis before they are transported to the site. Nowadays, mobile homes are like manufactured homes and are not continually mobile. They stay in the same place once they are fixed on land space.(Pros of Mobile Homes) Mobile homes reduce cost of buying and maintenance while they offer attractive options for recreation. Yet they have their share of disadvantages. In this article, Dc Fawcett reviews, a real estate investor and speaker reviews the cons of mobile homes.

The Disadvantages Of Mobile Homes-dc fawcett

Mobile homes have undesirable heating and cooling levels

Trailer mobile homes often have narrow structures and thus little space. They become too hot in the summer and too cold in the winter. They lack ventilation. Their buyers have to shell out money to make modifications to correct these issues.

Mobile homes are constructed with low quality materials

Very cheap mobile homes are so because they are built from down quality materials. They lead to stuffy summers and bitterly cold winters.

Mobile homes on leased land depreciates

While mobile homes on owned land and on parks which have ponds, lakes and other beautiful views in close proximity to them tend to appreciate in value, other mobile homes tend to depreciate. This in turn leads to loss of money for the home owners. Also, mobile homes are difficult to sell compared to traditionally built homes.

Difficult to obtain loan

Because of depreciation and hazards in selling, lenders don’t give loans for mobile homes easily. They also charge high interest rates on giving the loan.

Conclusion

These are some of the absolute disadvantages of mobile homes as reviewed by Dc Fawcett.

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Dc Fawcett Reviews – Analyzes Mobile Homes And Their Advantages

 

Mobile Homes And Their Advantages

Before the late 1970s, mobile homes were assembled together and were moved from one place to another on wheels or in other convenient ways. But, now they are constructed together and fixed on land space. They cannot be moved around constantly after that. In this article, Dc Fawcett analyzes the pros of mobile homes – Dc Fawcett Reviews

Flexibility

Mobile homes can be installed on either your owned land or on rented spaces. Rented spaces for mobile homes are often those with magnificent views like lakes, ponds and trees. You can even go in for second hand mobile homes. You can do desired changes to the home. You can add fresh paint, counter tops or wall pieces. You can position mobile homes and later remove them when needed although they are not  continually mobile. There are semi-permanent mobile homes called as double wide homes. Mobile homes thus offer pleasure and versatility.

Costs associated with mobile homes

When you buy mobile homes, you don’t have to shell out as much money as you do for permanent homes. They demand lesser down payment. If the land is yours, you will pay lower property taxes else the taxes get adjusted as part of the maintenance expenses.  You get a cut in the maintenance fee too. You don’t have to pay for plumbing, gas lines and sewage. The cost of heating and cooling your mobile home is less due to smaller space. Thus overall expenses are more economical.

They can be constantly upgraded

You can continually improve mobile homes to the in-the-trend standards. They are built under controlled circumstances and do not require postponement in building.

Mobile parks

These offer entertainment and vacation spots. They come in close proximities to ponds and lakes. Such mobile parks are often a home to retirement communities. People with same interests, age group and tastes enjoy their life here. They socialize well.  Such communities offer home theaters, swimming pools, walking spaces and so on.

Eco-friendly

Mobile homes are environment friendly. They can be built with materials which emit less carbon and other toxic substances. Nowadays, you can find top class construction materials for mobile homes.

Appreciation

Although mobile homes on parks sometimes go down in value, with more facilities to commute and in specific mobile parks around ponds and lakes, they tend to appreciate. Also, mobile homes on owned land inflate. Mobile homes which contain 2 units connected together generally tend to appreciate.

Help in building equity

Since mobile homes are not as costly as permanent homes, the savings from mobile homes can be used to buy less expensive homes. This way, you can build up on your home equity and own more homes.

Conclusion

Thus from this analysis by Dc Fawcett, mobile homes come with a host of advantages. They are attractive options for young people who want to incur less advance fees, maintenance and remodeling costs. They are highly flexible in terms of installing. They offer great entertainment amenities and market your home successfully . Thus mobile homes offer unique perks.

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Dc Fawcett Reviews Buydown Mortgage

 

Dc-Fawcett-Reviews-Buydown-Mortgage

A buydown mortgage is something in which the buyer buys down a loan. He obtains a lower interest rate and lowers the monthly payments. In this article, Dc Fawcett, an expert in wholesaling, rehabbing and cash flow investing, reviews a buydown, the types of buydowns and the benefits of a buydown.

Elaboration

The buydown mortgage works by depositing cash estimated by calculating at the buydown percentage  in advance. The bank or the lender then reduces the interest rates and hence the monthly payments. For instance: you are taking a 30 year old mortgage for $ 30,000 for a rate of interest 5%. You can pay a 1% extra upfront fees and the lender lowers the rate of interest by 0.25%. The rate of interest then diminishes by 1/4. This helps you save money in the monthly payments and helps you plan ahead.

2-1 buydown

A 2-1 buydown is a Mortgage where the interest rates are lowered in the first 2 months and then it becomes a fixed rate mortgage. The interest rate increases step by step and becomes constant after the first 2 months.

A 3-2-1 buydown

A 3-2-1 buydown is a technique in which the interest rates are lowered by 3%, 2% and 1% in the first 3 consecutive months. They increase in this slow fashion and then become constant. This 3-2-1 buydown mortgage is extremely beneficial to the buyers. They can save money for the increased monthly payments ahead. The fact that the interest rate becomes fixed after 3 years helps them plan ahead by looking at their present monthly income and saving for the future.

What should you consider before you take a buydown

Before you take a buydown, it is important to estimate over what time you can earn back the interest bought down. Suppose you pay a buy down amount of $25000 for a mortgage, then you should be able to estimate after how much time you can get this money back. The decision to take a buy down also depends upon how long you are going to stay in that home.

Benefits of a buydown

A home builder or seller offers the buy down sometimes. He allows a buy down for a fixed period or for the entire mortgage. This allows the home buyers who cannot afford heavy downcash or those who cannot pay high monthly payments to become eligible for the loan. This type of buy down is usually a no cost mortgage interest rate buydown. Another important benefit of a buy down is that the down payment can be deducted from tax. This down payment comes down as mortgage points and can be debited from tax only in the same year as it is being paid for house purchase.

Conclusion

By reading this review by Dc Fawcett, a virtual real estate investing expert, you can get immense insight into the various aspects of a buydown. Fawcett is the owner of virtual real estate investing systems in which he gives tips to expand people’s real estate investments. He invests in areas which he does not live in and is a virtual real estate investing whizz and mentor.

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DC Fawcett – What Is Flipping House?

 

What Is Flipping House

Mistakes that new house flippers do and what they should know :

What is flipping?

When you involve in flipping house real estate property you purchase it for a low price and then eventually resell the property for a higher price. DC Fawcett says This is done within a short tenure. While in some instances you enhance the house you may also leave the property as it is in other instances. In the second case another investor gets interest in the property.

Property flipping is a famous practice in the world of real estate. Flipping should be carried out in an ethical and legal manner and all the representations of the house condition should be correct. The value of the property should also be accurate.

Now let’s go over certain aspects of flipping:

  • At the initial stages of flipping several flippers doesn’t have sufficient knowledge about the cost it takes to renovate a house. So they budget an amount that may not be correct. The problem is estimating repair costs in the most correct manner.

  • Repair costs may spring suddenly when you have started to renovate the house and you have to contemplate upon the hidden repairs in the initial stage itself.

  • You would have spent lot of time in flipping and would have expended a huge sum. So it is natural that you desire to sell of your property in a swift manner.

  • You may think that through flipping is a get-rick-fast method. But you have cognizant of the fact that similar to other type of long-term investment it requires perseverance.

  • Sometimes several house flippers will associate with another investor while in the process of flipping houses. It may be that while one investor deals with the cash transactions including paying the sum, another one will scout for the deals. In fact, the second person will be carrying out maximum work. Partnering can be a viable option if there is clarity of job and written agreement is available. Why do real estate investors endeavor in partnering? This they do so to share the risk. Having said that, it is not wise to enter into partnership on a real estate deal. When the partners have well-defined roles then this can be considered.

  • One should get the help of the right contractor while flipping. See to it that the contractors don’t raise prices, get the help of wrong individuals etc.

  • We should supervise the contractors and see that they are efficient and working in the limit of the budget. Ensure that you keep a watch on them in a thorough manner and before paying them more money see to it that they have done the previous work correctly.

There was a time when there was no problem with the legality of flipping. House flippers were in a position to make lot of money finding property bargains and also taking them to the notice of prospective buyers. Owing to the usual stagnancy of the market certain individuals made huge sum flipping properties. Then the home market value started rising in a sudden manner and wrong people entered into real estate field.

Conclusion :

There were also certain people of the real estate flipper industry who involved in illegal activities including making the appraisers to raise the value of the property in a false manner. Also they involved in faking the required documents.So the key is to carry out the flipping activities in the right manner.

DC Fawcett is proficient in Virtual Real Estate Investing; one can know about how to develop their business and to build different income streams.

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