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DIGITAL DESK

HUD PROPERTIES FOR SALE

4/30/2021

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HUD PROPERTIES FOR SALE?
By Pierre Mouchette | Real Property Experts LLC
Why does HUD have properties for sale?
HUD's Federal Housing Administration (FHA) has programs that insure mortgages or provides direct loans on multifamily properties.  When a mortgagor defaults on a loan that the FHA insures, the mortgagee can assign the mortgage to HUD and receive the benefits of the FHA mortgage insurance.  The mortgage then becomes a HUD-held mortgage, and if the mortgage cannot be reinstated, HUD Multifamily Property Disposition forecloses on the property.

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beta-readers?

4/28/2021

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Real Property Experts (RPE) is looking for Beta-Readers for the
New RPE BETA-READER Program.

 
The program is for avid readers who would like to read our manuscripts before they go into final editing.  To get more information on this program, click here.
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What is BPO?

4/26/2021

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​A BPO is like an appraisal but not as thorough.  It is performed by a licensed Real Estate Broker or Agent and is their opinion of the value of a home based on various comparatives.

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determining building classes

4/23/2021

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HOW ARE MULTIFAMILY INVESTMENT BUILDING CLASSES DETERMINED?
By Pierre Mouchette | Real Property Experts LLC
Investors, lenders, and brokers have developed multifamily investment property classifications to make it easier to communicate amongst themselves.  Property classifications are A, B, C, and D.
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Letter grades are assigned to properties and areas by characteristics such as age, tenant income levels, growth areas, appreciation, amenities, and rental rates.  It is important to understand property class and area class before investing so that you know how they can affect your investment and meet your investment goals.  
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Full House

4/21/2021

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KEEP YOUR RENTAL OCCUPIED
By Pierre Mouchette | Real Property Experts LLC
​Yes, tenants are looking for more and are willing to pay for it.  The following will give you an idea of what qualified tenants want.  Some of the basics according to the latest statistics include:
  • Electronic Rent Payments – 78-percent want to pay their rents online, while 63-percent of them want to pay with a credit card.
  • Location, Location, Location – renters preferred to walk to the grocery store and restaurants, while they preferred to drive to work.
  • Pet Friendly – 33-percent of renters own a pet. They are also willing to pay a pet deposit and pay a rent premium.
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Buying A Home?

4/19/2021

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APPRAISAL CONTINGENCY
By Pierre Mouchette | Real Property Experts LLC
​The following is a contingency that you may wish to add to your offering documentation:
The Buyer may order and pay for an appraisal on the property.  If the appraisal value is less than the total price stated in the contract of sale, the Buyer may, within three (3) calendar days of Buyer’s receipt of the appraisal, at the Buyer’s sole option, declare this offer null and void.  Buyer is entitled to a return of all deposits, if any, less the appraisal fee and any other escrow expenses or fees chargeable to the Buyer.  After that, neither the Buyer, the Seller, nor any real estate brokers shall have any further rights, obligations, or liabilities under this contract.
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The environment and you

4/12/2021

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Live in Harmony with The Environment and Live Better
By Pierre Mouchette | Real Property Experts LLC
Do you want your family to live better lives?  One way to do this is to empower them with a healthier environment.  You have heard the old saying that we are all products of our environment ….. Go to The Environmental Working Group (EWG) website to review the outcomes of their research.  EWG is a non-profit, non-partisan organization dedicated to protecting human health and the environment.  

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Understanding and Treating Attic Mold

4/9/2021

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Mold can grow anywhere in our homes.  Since most people do not actively use their attics, mold can flourish in this hidden-away space for months or even years before anyone realizes that there is a problem.

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Organic Waste and Landfills

4/5/2021

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​FAQs - America generated 268 million tons of waste in 2020 and almost twenty-five percent of what ends up in the recycle bin is contaminated.  Read on for more FAQs. 

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Your Business and Equity

4/2/2021

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​The term equity means value or worth.  For instance, consider the value of a property and how much is owed on the loan. What is left over is your equity.  Equity can also mean ownership. 

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