Posts

Pros and Cons of a Reverse Mortgage

  What is a Reverse Mortgage? A reverse mortgage allows the property owner to borrow against the equity in their home to get cash. You can also get a line of credit from the lender.  You have to be 62 years old or older to qualify.  You are not required to make any monthly loan payments and the loan doesn’t have to be repaid until your heirs sell the house! In addition to being at least 62 years of age, there are a few other requirements needed to qualify for a reverse mortgage. You need to own the home outright or have paid down a considerable amount of the mortgage. The home needs to be your principal residence and you can’t be delinquent on any federal debt.  You will need to be subject to a credit check and other eligibility requirements. You must stay current on your property taxes, insurance and HOA fees. How Reverse Mortgages Work In a reverse mortgage the lender makes payments to you .  Instead of you paying down the mortgage t...

What Are The Risks of Note Buying in Phoenix?

  If you’re thinking about buying notes, you probably arrived on this article because you are doing your due diligence and you want to know what are the risks of note buying in Phoenix to help you determine whether or not to invest in them. That’s a smart decision to perform due diligence before doing ANY investing, so we’ll answer your question, “What are the risks of note buying in Phoenix?” here. Notes May Be Non-Performing… But Is That Such A Bad Thing? Notes are like mortgages. When you buy cash flowing notes, you’re buying the possibility that the homeowner will continue to pay their “mortgage” payments. While many do (these are called “performing notes”), not all notes are performing. Some start out as performing notes and then become non-performing – that is, the homeowner chooses to no longer pay. The good news is : there are a few ways you can deal with this risk! First, you can work with the owner to get them to pay. Or, you can sell the non-performing no...

Bill Gates – Buying Land in Arizona

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 It’s not a secret that land is one of the best investments ever! Even billionaires like Bill Gates and Jeff Bezos are buying thousands of acres of land – farmland and vacant land in Arizona and other states. If they are investing in land, why don’t you? 🙂 You don’t need to start big! You can start with a small parcel of land – a quarter-acre, half-acre, or an acre. We have several parcels of land in Arizona with different sizes… and we are happy to walk you through the entire land buying process! Check out this video where I talk about the reasons why Bill Gates and other billionaires are buying land in Arizona ! If you want to start buying your own piece of land, please email me at sales@landsforyou.com or check out our inventory at https://www.landsforyou.com/property.  

Who Pays When Selling Land In Phoenix

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  Are you thinking about selling land in Phoenix? If so then you might be wondering this common question: who pays when selling land in Phoenix. In this article, we’ll reveal the surprising answer. When people think of selling land, they think of handing over the deed and accepting a check for the property. Makes sense. At first you might think that the buyer pays the seller. But that’s not really how it works and you might be surprised at who pays when selling land in Phoenix … If you’re the seller, you’ll have to pay first ! You’ll probably have to pay for a survey or a site analysis, or for a geologist to look at your property and tell you what potential it has. Then you’ll work with a real estate agent to try and sell the property. There will probably be additional expenses that you’ll have to cover while the agent tries to find a buyer. For example, you’ll have to pay any mortgage, bills, taxes, and insurance on the property in the months that the agent is looki...

Vacant Land For Sale By Owner in Arizona

If you’re thinking about buying land, you have a couple of options. You could try to acquire raw land by watching for it in a listing service and buying through an agent, or you can buy vacant land for sale by owner in Arizona directly. In this post, you’ll read about the 3 reasons why you should buy raw land from the owner directly. Reason #1. More Variety If you buy raw land from a real estate agent, you’re stuck with whatever land the agent can find, which they’ll usually find by accessing a listing service like the MLS. This severely limits the amount of raw land that you can choose from. However, if you change your perspective and start looking around for vacant land for sale by owner in Arizona, you’ll have much more land to choose from! In fact, you might be surprised at the amount vacant land available to you!  On this site alone, we have land in almost all parts of the state! Reason #2. Faster Purchase If you take the “wait and see” approach to buying v...

How To Buy Land Cheap In Arizona – Step-By-Step – 602-806-7899

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Who else is looking for information about how to buy land cheap in Arizona? In this blog post, we’ll walk you step by step through the process of buying cheap raw land in and around Arizona . Step 1. Figure Out Your Land-Buying Goals People buy land for different reasons. Perhaps you are a real estate investor who wants to make money on your land investment. Or maybe you want land that you can hold onto, which doesn’t require a lot of work, that you can retire on someday. Or perhaps you are an outdoors person who wants a piece of empty land that you can use for recreational purposes. Before you buy any land, you need to figure this out first because your desired outcome or “ return ” will depend on your goals. Want to buy to subdivide, develop, and sell? Then you’ll probably want property that is relatively close to a city along the path of growth. Want to buy to hold onto someday for your retirement? Then you’ll probably want something that is far enough way to be ...

The Land Buying Process Explained

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The land buying process is very simple – there are 2 basic ways to purchase property: Cash Sale and Terms Sale . In this video, I talk about the basics of both processes. Explaining the land buying process Hey, it’s Jim!  LandsForYou.com  Hope you’re doing well! Just wanted to talk to you real quick… I had somebody ask me the other day “What’s the process of buying land ?” and there’s really 2 ways.  So if you saw something on my website and you liked it and you wanted to buy it, there’s really 2 ways you can start the land buying process. One way is for Cash .  Pretty straightforward – you would just pay the full cash price – you can either pay it via PayPal, you can wire the funds, you can also pay via debit or credit card.  We also take Venmo and Zelle, stuff like that.  You can do it that way and then all you’d do, you’d just tell us your name, you tell us how you want it Deeded. So, for example, if it’s you and your spouse or you a...