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| Trap | Don’t be under the mistaken belief that you will be able to change the rules once you’re an owner. ... |
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| Trap | Most communities do not like mobile home parks. The owners often do not pay local taxes, yet demand... |
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| Tip | "Nonrecurring" closings costs are those which only occur once. They may include some poin... |
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| Tip | In parts of the East Coast, the usual price for having a real estate attorney handle all the paperwo... |
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| Tip | I recommend you don’t begin negotiations on your first visit. Rather, use that as strictly an explo... |
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| Tip | I recommend you don’t begin negotiations on your first visit. Rather, use that as strictly an explo... |
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| Trap | It’s important that you arrange for ALLyour financing before you buy. If you wait until you are th... |
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| Tip | Don’t make the mistake of thinking you need all of your refurbishing money up front. You’ll need it... |
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| Trap | There are additional costs for maintenance and repair. Unfortunately, few agents emphasize these t... |
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| Trap | I’ve known neophyte real estate agents who have given buyers the wrong advice here. They’ve said yo... |
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| Tip | All financing is based on an interest rate. Reduce the interest rate and the monthly payments go do... |
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| Tip | Yield is all that lenders are concerned about. It is the total amount of return on their investment ... |
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| Trap | The term "profiling" has gotten a lot of bad press in recent years, so lenders don’t use ... |
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| Tip | A few years ago, lenders used to give pre-approval letters that specified the loan amount and intere... |
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| Tip | It may not be necessary for you to lose the cost of converting an asset to cash in order apply it to... |
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