Dan Currie's Discussions

You can finance the improvements to rectify the situation; ask the seller to reduce the price accordingly.

I am convinced that a 0% interest rate and a $16,000 tax credit would not spark a buying frenzy. And if it did, it would not be a good thing (especially the tax credit!).However, if the real estate investors were provided with the same incentives to buy, improve, manage, and develop residential properties, there would be no need to be concerned about declining neighborhoods.

Present economic times presents an excellent investment alternative, in real estate, to investing in stocks, bonds, and mutual funds. If you have an IRA, Roth IRA, or a 401(k) that you can "roll over" to an IRA, and you are frustrated with the investment performance, consider transferring the funds to a "self-directed Roth IRA".There are no limitations on how much accumulation from investment earnings within a Roth IRA. Having it organized as a self-directed Roth IRA provides total personal control in choosing the type of investment desired as a vehicle for investment returns. Therefore, the IRA can buy real estate investments.Options, loan contracts, land contracts, mortgage notes, whole real estate property acquisitions, and partnerships are all types of investments to consider. Real property secures all of these transactions and having the deed to property in whole or partnership acquisitions is pure ownership. The security is what does not exist in market driven paper.If you want more details of this idea, please contact me directly. You can opt to have our newsletter e-mailed to you, or arrange for a personal consultation. I hope that this spurs thought enough to investigate with someone; even if not myself.

Hire a Realtor who will set up a "gateway" within the MIBOR "BLC" (like an "MLS" or multiple listing service). You get the Realtor services for free and each time a property matching your preferred criteria is listed, you are automatically notified including all the details and pictures of the property listed for sale. Then you can ask your Realtor to show you only those homes you want to see.Hope this helps!