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Latest in Blog

Tides Hollywood Beach condo Florida Short Sale!
Real Estate Agent Sue Weaver Addresses Whether Home Staging Really Sells Hollywood Florida Homes
Hollywood Florida and Hallandale Florida Buyers Sometimes Wonder Are Home Inspections Worth The Money?
Real Estate Agent Susan Weaver Explains Why Buyers Need Representation in the Hollywood Florida Real Estate Transaction
The Top 5 Ambiance Blunders Sellers in Hollywood Florida Make when Selling Their Home, by Susan Weaver expert real estate agent.
Tips for Crafting the Best Purchase Offer for Hollywood Florida Property, by Hollywood Florida Real Estate Expert Susan Weaver
Law Everywhere! Traversing the Intricate Waters of Real Estate Laws
Susan Weaver with Coral Shores Realty Explains What To Expect At Closing
3 Important Factors Most Real Estate Agents Overlook when Staging a Property in Hollywood Florida, By Experienced Agent Sue Weaver
How To Buy Insurance For Your Investment Property by real estate expert Sue Weaver

Contact Information

Sue Weaver

Coral Shores Realty

1948 Harrison St.

Hollywood, FL, 33020

Office: 954.668.9056

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Law Everywhere! Traversing the Intricate Waters of Real Estate Laws

Apart from possibly medicine, there's no area of human endeavor more intricately intertwined with legal trappings than Real Estate. Because of the larger amounts of money involved, and the centrality of property for living and carrying out so many commercial transactions, the rules have become complicated and many hands are in the pie.

The history of property law goes back millennia, to at least the Sumerians in 3000 BC — and it's been evolving ever since. Every aspect of property is ruled by a dizzying array of laws worldwide. Financing, buying and selling, tenancy and use, environmental aspects, tax considerations, even defining where and what is property is governed by laws, many of which are as clear as coffee.

But for the investor it's essential for long-term profitability to gain a healthy familiarity with property-related law.

One good place to start is: The Contract.

In any real estate contract there must be 'mutual assent'. Each party has to agree to an exchange — in writing. The old saw is true: a verbal agreement isn't worth the paper it's written on.

The contract has to identify who those parties are and the property being exchanged and for how much. And to be enforceable, consideration — the benefit that induces a promise — must exist. Then the contract has to be signed by parties of legal age and sound mind. This latter must be loosely defined, given the inherent insanity of real estate investing as a business.

As part of the consideration aspect, the property itself must be worth what the seller and lenders claim, as determined (at least approximately) by appraisals and other means.

Flipping (buying and rapidly re-selling property) for example, is perfectly legal —— until an unscrupulous investor buys a cheap, run down property and conspires with a mortgage broker to doctor documents to bring an inflated price. When government bodies guarantee the loans on such properties, you can be assured they'll take an interest in the transaction. And they don't look favorably on fraud.

Commercial properties have whole other sets of regulations covering their exchange and use.

Tenants in almost all countries have certain rights independent of specific contractual clauses. Even Communist China, for example, has recently adopted legislation defining and protecting property rights. As an example, even in triple-net leases — an arrangement in which the lessee is responsible for maintenance, repairs, insurance, etc — landlords have to do more than simply collect a check each month.

Lenders are governed by complex rules that direct or restrict how much can be loaned, what paperwork is required in terms of title, insurance, even what kinds of advertising offering financing can be made.

Tax law introduces yet another layer of complexity into real estate investment. Very few autos or boats end up with tax liens against them, but it's hardly unknown in real estate deals to have to clear them before title can be passed.

So for those considering real estate investing in Hollywood Florida, or beginning to become involved in one of the lowest risk, most potentially lucrative businesses around, one can offer no more sound advice than this: When it comes to real estate law, do your homework — before it's needed. It's much more expensive to do afterward.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at or email me at Sue@SueWeaver.com.

For FREE Instant Email Notification of Hollywood Florida Real Estate & Hollywood Beach Florida Real Estate short sales, foreclosures and regular listings, as soon as they become available, please visit our website at http://www.Hollywood-Beach-Florida-Real-Estate.com or email me at Sue@SueWeaver.com.

For FREE Instant Email Notification of Hollywood Florida Real Estate and Hollywood Beach Florida Real Estate short sales, foreclosures and regular listings, as soon as they become available, please visit our website at http://www.SueWeaver.com or email me at Sue@SueWeaver.com

How To Buy Insurance For Your Investment Property by real estate expert Sue Weaver

How To Buy Insurance For Your Investment Property by real estate expert Sue Weaver

We all think that when we buy house insurance that we have plenty of coverage. Unfortunately, many times, this is not the case. There have been many homeowners that discovered that their coverage did not cover flooding or even certain types of fire. As an investor, it is extremely important that they have the right type of coverages for their properties in Hollywood Florida. In our discussion today, we will look at some things that as an investor you should be aware of or you should be asking your insurance agent in Hollywood Florida.

You want to make sure that you know who in or on your property in Hollywood Florida will be covered. You should be aware of what on the property is covered. Another very important item to know is when your coverage starts and when it ends. In other words the timing of your policies are very important. In our world today, we have been hit with a lot of different natural disasters. So you must be sure that you discuss what type of disasters your property in Hollywood Florida is protected from. If you lose anything, when something happens, it is important to know what losses are covered. If you are a musician and also a property investor, it is vital for you to know if you are covered if you were to move your instruments from one location to another. Finally, if you incur any losses, you must have some type of idea as to what the insurance company will pay you for your losses.

Now even though we have listed some items that you must ask about when talking to your insurance agent in Hollywood Florida, that is just the beginning. Even though you may be insured on something, it is possible to face some restrictions or different deductible options. You must make sure that everything is explained to you so that if something were to happen that you are not taken by surprise, but that you are fully prepared.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Sue Weaver Discusses the Importance Of a Good Home Inspector When Buying in Hollywood Florida

Sue Weaver Discusses the Importance Of a Good Home Inspector When Buying in Hollywood Florida

When you buy a Hollywood Florida home you not only buy the structure, but the history of the structure. Although most people are honest, you still have to do what is necessary to protect yourself. That is why hiring a home inspector is essential according to Sue Weaver from Coral Shores Realty.

Having a home inspection is a good idea for many reasons. There may be issues with the house that the seller would rather not disclose for fear of losing the sale. It also may involve a very pricey repair that they are not willing, or even able to take on. But there are many times that the current owners just are not aware that problems exist. There is no intent of deception- they just do not know themselves that a problem exists. For all of these reasons, it is always a good investment to inspect the home before buying.

When looking for a qualified inspector in Hollywood Florida, make sure they are certified with the applicable agencies. FL has their own designations and a good inspector will be a member of these agencies. These certifications are put into place to help maintain a high level of qualified personnel representing their trade.

A good inspector will also have all the necessary equipment to perform the task. This may sound simple, but there have been numerous instances where an inspector drove to the property in a car without a ladder. An inspector cannot surmise the situation without all the appropriate tools. You are paying this individual to confirm that your purchase will be a good investment. If they don't show up with the appropriate gear, how can you take their opinion seriously?

Home inspections can take anywhere from two to four hours, depending on the size of the home. A rushed job means something may be missed. You want someone detail oriented and as picky as possible. A good person will climb under the house, on the roof, in the attic, and anywhere else he can access. After it is complete, he should provide you a detailed, written report that you can go over with your Hollywood Florida agent.

For more information on how to buy a home the right way in Hollywood Florida, call Sue Weaver at or send an email at Sue@SueWeaver.com.

How To Increase the Value of Your Investment Property by real estate expert Sue Weaver

How To Increase the Value of Your Investment Property by real estate expert Sue Weaver

As an investor in real estate property in Hollywood Florida, one of the best ways to keep or increase the value of your property is to cut your expenses. Today we are going to look at one method that you can do to cut those expenses. Today we will discuss auditing your utility bills.

If you are an investor, one of the things that you should have done before you purchased your property in Hollywood Florida was to contact each of the utility companies to see how much the monthly bills were for the property. If you did not do it, then now is the time to check into that.

Once you have discovered what the monthly bills are, then your next step is to contact each utility company in Hollywood Florida and see if they can find ways to help you cut your expenses. A lot of the utility companies in Hollywood Florida will come and go over your property in Hollywood Florida with you. You can also ask them to do an audit. In an audit of the property, they will look at things such as your windows, vents, doors, and electrical outlets, anything that might help you to cut your bill. A lot of them will give you an energy audit report, which will show you what you can do to your property to save money.

A lot of the utility companies in Hollywood Florida will also offer ideas themselves. They will offer you booklets and brochures on energy tips and how to save energy. You can also look online to find tips yourself. Look for anything energy related. Some keywords that you can use are energy audit, saving energy, or even try energy savings. Another keyword(s) that you can use is going green. These are just a few of the things that you can do to not only save yourself money, but also to improve the value of your building.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Hollywood Florida Real Estate professional Sue Weaver Discusses Ways to Finance Rehab Properties in Hollywood Florida

You need to interview multiple brokers rather than just using the first one you come across. You should approach choosing a Hollywood Florida real estate agent just like you would hiring an attorney, doctor or insurance agent. You will want to be sure to shop around the Profile.market a place where you will have access to meet your financial necessity.

It is much more difficult to get traditional financing for these properties because they are looked at a little different than a primary residence.

When looking at purchasing a fixer in Hollywood Florida it may be that traditional banks and mortgage brokers just can't help. If this is the case you may have to see what is referred to as a hard money lender.

Check with your real estate agent in the Hollywood Florida area, for people seeking hard money lenders or investment property financiers. You may find them by looking for classifieds under financing or mortgages or by asking their real estate agent.

Hard money lenders will look at the after repaired value of the property and loan out anywhere from 50-80% of the after repaired value before the property is repaired,while traditional loans will only look at the current value of the property.

You may even find that it is the bank loan officer in Profile.market that knows exactly ho to call in any investment situation.

Traditional financing is much cheaper than getting a hard money loan. Interest rates average between 12-16% with a possible 3 to 5 point deposit.

The reason people go this route is they can get money Beyond the actual purchase of the property which is generally unheard of in traditional financing. This money can then be used to make repairs to increase the value of the property.

Make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done and you simply look at the costs of hard money loans as a cost of doing business.

Receiving your initial loan in Profile.market is your toughest. Once you do it once or twice it will become much easier.

Hollywood Florida Real Estate professional Sue Weaver Discusses Ways to Finance Rehab Properties in Hollywood Florida

Sue Weaver's Step by Guide to Investing in Hollywood Florida for Beginning Investors

It seems almost everyone in Hollywood Florida wants to go into real estate investing. After all, you can work very few hours and reap amazing profits. But getting started as a real estate investor in the Hollywood Florida market can be difficult. This article will help give you some tools to get you through the initial learning curve so you can start doing profitable investment deals today.

Step #1 - Have the Right Mindset

The most important mindset to have as a beginning investor is the mindset to learn. So many investors come into the market with the mentality that they want to hit a home run on their first deal.

The reality is, you'll probably make mistakes. Often times you'll still be profitable anyway, but sometimes you will lose money. But every experience is a valuable experience, because it will get you further along your path of being a profitable real estate investor.

Step #2 - Form Valuable Contacts

There are several key people you should meet in the Hollywood Florida when you're beginning your investing career.

A good real estate assessor and a good real estate inspector are both important contacts to make.

You should also find yourself a good accountant and a very good real estate agent. You might also want to find yourself a good real estate lawyer.

If you can find a mentor to guide you through your first few investment deals, that mentor's help will pay off graciously.

Step #3 - Do Very Careful Research

For your first property, do very very careful research. Look over all your numbers twice to make sure you can afford the property and that it will be a sound investment.

Make sure to double check all your utility bills, factor in vacancies and maintenance for rental units, and to give yourself some padding just in case something goes wrong.

Remember it's better to pass on a deal than it is to take a deal you're not sure about.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate, at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Hollywood Florida Investing Expert Sue Weaver Reveals How to Do Proper Due Diligence with Hollywood Florida Investment Properties

Hollywood Florida Investing Expert Sue Weaver Reveals How to Do Proper Due Diligence with Hollywood Florida Investment Properties

Due diligence is the process of double checking everything before finalizing a purchase. Proper due diligence is an absolutely crucial part of every profitable investor's success. In this article, I'll talk about the best ways to do your due diligence based on my experience in Hollywood Florida real estate.

Due diligence should start with the proper verification of the books. You should check all the rental agreements and double check all rental histories. Review at least the last two year's financial statements and see if there's anything unusual that raises a red flag.

Double check the actual rental income with the amount of rental income the building should be receiving based on the lease agreements. These numbers will often not match up. As the building's future owner, you should know why.

Check all the utility bills. Make sure there are receipts for every payment. If there isn't one, contact the city or the utility company to get a copy of the receipt.

Look into how old the building is. If it's old, look into what the building codes were when the house was constructed. Will there be costly renovations you'd have to make to bring the property into compliance with current building codes?

If the building is new, does it have a home owner's warranty? Look carefully over this contract so you know what it covers.

Walk around the building and do an inspection by hand. Look at the conditions of the walls and watch for fire or water damage. Check the electrical and plumbing systems. Make an educated guess on how long the roof will last before it needs repairs.

Remember that everything you find during the due diligence process is "ammunition" you can use to negotiate a better deal with the seller. The seller wants to make the deal happen as much as you do, but there's no reason for you to pay for more than the property is really worth based on its condition.

Begin your due diligence process as early as possible. Start your inspections before you make an offer. Even after you've made an offer, make sure that you have clauses in the contract that allow you to inspect the property and the necessary documents.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Real Estate Expert Sue Weaver Reveals Why Now is the Best Time to Invest in Hollywood Florida Real Estate

Real Estate Expert Sue Weaver Reveals Why Now is the Best Time to Invest in Hollywood Florida Real Estate

As someone who's interested in investing in Hollywood Florida real estate, you're likely someone who sees opportunity where others see a falling market. The reality is that a "bad" means it's the best time to invest. In this article, I'll show you why now is the best time to invest in Hollywood Florida real estate.

The old adage of any investment is to buy low and wait for it's value to rise, then sell high. The real estate market is different from the stock market where when you buy a stock low you risk losing your money if the company sinks or doesn't
come back up. The reality is that real estate will always be in demand, because we're not getting any more space and more and more people need places to live. Supply and demand dictates that over time, real estate must rise in prices.

Right now is one of the best times in history to buy because housing prices are at a historic low. Not only that, we have more foreclosers today than ever in history. As an investor, this is a huge opportunity for you.

People who can no longer afford their house still need a place to live. That means that the renter's market is very active right now, because people are desperately looking for places to rent. In other words, housing prices are low and rent demand is high, plus the potential for your investments to go up is limitless. As an investor, what more could you hope for?

If it wasn't clear already, the best strategy in this market is likely to be the "buy and hold" strategy. There are very few investors who can make a living by flipping properties right now. One reason is that the market could fall faster than you'd make from your flip anyway. Another reason is that there simply isn't a good buyer's market for you to unload your properties.

These are just some of the reasons why now is the best time to invest in Hollywood Florida real estate. Remember that windows of opportunity don't often stay open for very long. It's important to act while you've got the chance.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current properties for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Hollywood Florida Real Estate professional Sue Weaver Discusses Ways to Finance Rehab Properties in Hollywood Florida

You need to interview multiple brokers rather than just using the first one you come across. You should approach choosing a Profile.market real estate agent just like you would hiring an attorney, doctor or insurance agent. Look at several resources in the Hollywood Florida a place where you will have access to meet your financial necessity.

When it comes to getting loans for handyman's dream properties, getting financing is more difficult than for traditional home purchases.

When working on fixers you may want to consider seeking a hard money lender for financing rather than a traditional mortgage broker.

Read the local paper in the Profile.market area, and you can find financing options and alternative mortgages here as well as through your real estate agent and via investment property finance firms.

Hard money lenders are much more flexible. For example, while most banks look at the current estimated value to determine how much money they will loan, hard money lenders will look at the projected value after repairs to determine the amount of money they will loan.

It might be a local mortgage banker in Hollywood Florida that knows the procedures to follow and how to find the right people to assist you in obtaining acceptable financing for your investment property.

It costs a lot more to get a hard money loan than it does to finance traditionally. Typically interest rates range from 12-16%. Please note that you may be required to pay 3 to 5 points upfront as well.

The reason people go this route is they can get money Beyond the actual purchase of the property which is generally unheard of in traditional financing. This money can then be used to make repairs to increase the value of the property.

Make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done and you simply look at the costs of hard money loans as a cost of doing business.

In order to qualify for your very first loan in Profile.market is your toughest. Once you do it once or twice it will become much easier.

Real Estate Agent Sue Weaver Addresses Concerns About Whether There are Good Deals to Be Had in Hollywood Florida for Real Estate Investors

Real Estate Agent Sue Weaver Addresses Concerns About Whether There are Good Deals to Be Had in Hollywood Florida for Real Estate Investors

Over the last several years the idea of investing in the Hollywood Florida real estate market has garnered a lot of interest from buyers all over the country. Although recently we've had some hiccups in the real estate market and economy, now more than ever buyers are seeing the huge opportunity available to them to create wealth through real estate investing.

The unfortunate occurrence of foreclosures all over the country has led to an enormous opportunity for individuals who are prepared to purchase property for investment. Buyers who had the funds and credit score necessary to purchase property have seen that they can get astounding deals. Not only can you purchase foreclosures, but you should also be looking at pre-foreclosures as another fantastic way of getting a good deal. In addition, short sales are a popular choice among Hollywood Florida real estate investors these days.

In some areas of the country, banks are letting houses go for $.30-$.50 on the dollar in some cases. These are not always homes that are in poor repair. In fact, people are finding that they can get fantastic prices on homes that are move-in condition. Of course, there are things that you must consider before purchasing a Hollywood Florida foreclosure home or a short sale.

The main important factor to think about is whether or not the title is clear. Although title searches are typically done before closing, and you do want to make sure that you invest in owner's title insurance. This will protect you if the title is ever challenged later because there was a problem in the chain of title such as forgery or something not being recorded.

Another tip to remember is that you should always get a full home inspection on any house you buy, but especially a foreclosure. This is because the bank does not know the background of the home and therefore is unable to give you history on any repairs or problems that ever happened there.

For more information about real estate in Hollywood Florida, please visit me at www.SueWeaver.com or call me directly at .

Real Estate Investing Expert Sue Weaver's Guide to Investing in Hollywood Florida Real Estate

Investing in Hollywood Florida can be a very profitable business for the wise investor. Unfortunately, you can also lose a lot of money in Hollywood Florida real estate if you don't know what you're doing. In this article, I'll go over several tips to help you ensure a profitable investing career in the Hollywood Florida real estate market.

Pick a Specialty

When you're going in to real estate investing, you'll likely find that there's an overwhelming amount of available information on all kinds of investing tactics.

Rather than specializing in being "a real estate investor," pick something more specific. Perhaps you'll specialize in small apartments. Perhaps you'll specialize in buying foreclosures. Perhaps you'll specialize in fixing houses.

Whatever the case may be, pick a specialty and learn everything you can about that tactic. You're much more likely to success that way.

Know Your Taxes

Taxes are often a big "gotcha" for investors. To start, it's important to learn as much about Hollywood Florida tax laws as you can. Have an accountant you can rely on and educate yourself in the various ways you can work with the tax laws to reduce your taxes.

Understand how taxes will impact your bottom line. Realize also that taxes change over the years. When you choose a property, it's important to choose a property that will be profitable even if the tax codes change.

Be Meticulous With Your Inspections

You should always meticulously inspect your properties before making a purchase. You shouldn't ever purchase a building before you've done a proper inspection.

Many investors simply inspect the property by hand. However, it's usually a good investment to have your property looked at by a professional before making your purchase.

Know Your Rent, Utilities and Maintenance Costs

Cashflow is something that you must be very careful with. If you're working with a thin margin, things like vacancies and unexpected maintenance can easily put you in the red zone.

It's important when you're calculating your investment to factor in vacancies and maintenance costs. A good way to determine this is by looking at the building's past history. If there isn't a good record or if there isn't a reliable history to go back on, another way to help determine these costs is by looking at the costs of similar units in your area.

There is a lot of free and useful information available to you about buying or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current properties for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Tips for Investing in Rental Properties in the Hollywood Florida area by Investing Expert Sue Weaver

Tips for Investing in Rental Properties in the Hollywood Florida area by Investing Expert Sue Weaver

Investing in rental properties can be a lucrative opportunity in Hollywood Florida. In this article, we'll go over several tips to ensure you choose the properties that'll result in the best returns on your investment. After reading this article, you'll know some of the more common pitfalls to avoid with properties in Hollywood Florida, as well as the signs to look for in a great investment property.

Tip #1 - Look at Surrounding Properties

If you're buying your property to rent out, one of the most important steps you could take is to look at the rent market in the surrounding area.

What are units like yours renting for right now? Take 3-5 units that are similar to the unit you're considering your investment and average them out.

Would the income from this property be enough to cover your expenses?

Tip #2 - Be Conservative

Be very conservative when you're calculating your numbers. It's far better to overestimate your numbers and accidentally make more money than it is to underestimate your numbers and find yourself draining cash.

Remember to account for vacancies and maintenance costs. These costs don't accrue all at once, but when they do come they can be large expenses.

Tip #3 - Check Your Rental History

How has your unit(s) been renting out over the past years? How strong is the rental history?

If in the past the unit(s) has been consistently rented out with few vacancies, that's a good sign that the unit(s) aren't difficult to rent out. If the opposite is true, that should be a red flag to take into consideration.

Tip #4 - Take the Low Hanging Fruit

Properties in Hollywood Florida often have what I call "low hanging fruit" opportunities. These are improvements you can make to your unit that will immediately improve its sale value or rental value.

Some of the more obvious ones include steam cleaning the carpets, painting the walls, making necessary repairs, having tiles cleaned and so on.

The key is to tackle the repairs that will give you the highest return for the least amount of work. The idea is not to repair every little thing, especially if it won't give you a positive ROI.

There is a lot of free information available to you about investing in Hollywood Florida real estate. For complete information about investing in Hollywood Florida real estate, including current potential investments, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or investing related questions and I will be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Hollywood Florida Real Estate professional Sue Weaver Discusses Ways to Finance Rehab Properties in Hollywood Florida

One should seek out multiple brokers and not rely on the first broker that has been spoken to. It is the same as choosing any other expert. You will want to be sure to shop around the Hollywood Florida a place where you will have access to meet your financial necessity.

When it comes to getting loans for handyman's dream properties, getting financing is more difficult than for traditional home purchases.

When you use fixers you can begin by getting a hold of mortgage brokers that do traditional financing, although your best chance is probably a hard money lender or a mortgage broker that has access to hard money lenders.

You can check our local newspaper for the Profile.market area, and you can find financing options and alternative mortgages here as well as through your real estate agent and via investment property finance firms.

Hard money lenders are willing to loan between 50 and 80% of the value of a property after repairs, whereas traditional lenders will only loan based on a property's current value.

It might be a local mortgage banker in Profile.market that knows the procedures to follow and how to find the right people to assist you in obtaining acceptable financing for your investment property.

Traditional financing is much cheaper than getting a hard money loan. Basically interest rates average about 12-16% in most cases and you might have to pay about 3 to 5 points right now.

The reason people go this route is they can get money Beyond the actual purchase of the property which is generally unheard of in traditional financing. This money can then be used to make repairs to increase the value of the property.

Look at the cost of the hard money loan as a cost of doing business, be sure to include them in your purchase, so you end up with the profits you are looking for in the end.

Receiving your initial loan in Hollywood Florida is your toughest. Once you do it once or twice it will become much easier.

The Root Causes Of Foreclosures by real estate expert Sue Weaver

The Root Causes Of Foreclosures by real estate expert Sue Weaver

At one time there were two main causes for foreclosures in our country. We are going to discuss these causes and see how it affects the real estate and banking industries.

The two main causes that originally brought about a foreclosure event were divorce and failed businesses. The bigger of the two is divorce and it is usually based on the departure of the husband.

Failed businesses are the second commonest cause for foreclosure in Hollywood Florida. Often times, the homeowner has been swamped with debts and has either refinanced or gotten second or third mortgages in [Profile.market. Unfortunately in these cases, the only available avenue for the bank to take is to foreclose on the house in Hollywood Florida.

In our country today, the state of the nation has caused a horrendous amount of foreclosures. Layoffs and major companies going bankrupt has caused people to get behind in their monthly payments and not able to catch up.

In previous years, a lot of people were able to avoid these problems by doing such things as refinancing their homes, sell their homes, or get a consolidation loan. When they combined their debt they were often able to get one lower payment.

Unfortunately, today the debt is a lot higher than what a home is worth and the only option is foreclosure. This has brought about a huge amount of homes in Hollywood Florida that are either sitting empty or are now owned by the banks.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate at www.SueWeaver.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.

Here is a list of the top three common mistakes. Hollywood Florida Beginner Investors Make when buying Foreclosures in Hollywood Florida, as Discussed by Sue Weaver

Here are the 3 most common mistakes Hollywood Florida Investors Make when Buying Foreclosures, by Investing Expert Sue Weaver

Real estate investors have found that foreclosures can sometimes be extremely profitable. Although that's a fact, they are not safe investments as you can make lose much money. We'll go over 3 of the most common pitfalls,in this article. Hollywood Florida When investing in foreclosed properties you can keep from making these mistakes.

The first mistake is to believe that all foreclosures make good investments - that just isn't true. Remember, homes that have gone through foreclosure often have serious condition problems. Because of this, the government and banks will often give large discounts on a property's price. The property may not be a great investment,even then, however.

The only investors believing that all foreclosures are good deals are the beginners. Locating a good foreclosure property involves not only time, but expertise and dedicated research.

Pitfall #2 - Jumping into Fixer Uppers

We've all heard of people who've made millions buying shambled houses, fixing them and then "flipping" them. While this can be a very profitable model, it also has its pitfalls.

The biggest pitfall is beginning investors who jump in to the fixer market without the expertise to back it up. How much you can sell the property for and then work your way backwards to what the selling price must be in order to be profitable, then you're not ready for a fixer upper,unless you can predict how much your repairs will cost.

There are many profitable deals that don't require the level of expertise that a fixer does. It's usually better to start with those deals,for a beginning investor.

Pitfall #3 - Not Performing Good Research

Good research is a key component to being profitable in the foreclosure market. It's important to know what the fair market value of the property you own. Do your research regarding construction going on in the vicinity as well as the crime rate.

Do not neglect to have the house inspected. If you are going to place a lot of bids , make sure you check each one out in person before you actually place the bid.

You will find 3 or more common pitfalls that Hollywood Florida Investors tend to have trouble with. BY steering clear of these problems, you stay away from problem that most foreclosure investor find themselves in Hollywood Florida

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida property sales. For further information regarding the Hollywood Florida Please visit our website to view current listings and property values. Hollywood Florida property sales. Feel free to contact me if you have any questions regarding real estate or mortgage and I will be more glad to answer your question. Dial this number: or send me an email at Sue@SueWeaver.com.

How to Finance Your Investment Property in Hollywood Florida & Hollywood Beach Florida

Get the best loan for your investment property in Hollywood Florida. Whether you are looking for financing for a rental property in Hollywood Florida that you are planning to hold or a fixer property that you want to sell for quick cash. This special report will uncover the place to start on your journey for investment financing.

SPECIAL REPORT:
Sue Weaver Discusses
How to Finance Your Investment Property in Hollywood Florida.

Looking for investment properties in Hollywood Florida can be a lot of fun. It is a pleasure to go into a property just dreaming of the profits that the house could bring you in the future. But before you start seriously looking for properties you need to have your financing plan lined up.

If you are planning on financing a rental in Hollywood Florida for the long term it is best to start by contacting a mortgage broker that works with many different lenders.

You will want to find a mortgage broker in Hollywood Florida that specializes in getting loans for investors.

If you are working with a real estate agent you can ask them for a referral. You can also look for investment clubs in Hollywood Florida that will be filled with professionals that can help you find the financing that you require.

You can search for a real estate club in the Hollywood Florida area by going to www.creonline.com on the left look under resources and find the link for real estate clubs.

If you have excellent credit you will have the least amount of hurdles to jump through. When mortgage companies in Hollywood Florida are looking at your credit they are generally referring to your FICO score. This is a compilation of the three major credit bureaus and is the standard for determining credit worthiness in the industry.

When looking at your credit score you will have access to the best loans and more negotiating room with a FICO score above 680.

There are now many different loan solutions available to the investor in Hollywood Florida. You can even find loans that will cover 100% of the purchase price.

If your credit is not excellent there are still options available. You may be able to negotiate the seller carrying a second mortgage on the property in Hollywood Florida.

In this case let’s say you negotiate a price both you and the seller are happy with. You agree to get a loan for 80% of the purchase price and the seller agrees to take payments for the remaining 20%.

It is easier to get a loan for 80% of the purchase price. This is especially true if you have negotiated a price below market value. Maybe you negotiated a sale price of $100.000 while the real market value is actually $120,000.

With this example the lender that supplies the loan only has $80,000 at risk on a $120,000 property. So their risk is much less.

Interview multiple brokers instead of just using the first one you talk to. It is like picking any other professional. You want to shop around the Hollywood Florida area a little to make sure you can get the best solution for your financing needs.

Now in regard to getting loans for fixer properties it is much more difficult to get traditional financing for these properties.

With fixers you can start by contacting a mortgage broker that does traditional financing, but what is normally your best bet is looking for a hard money lender or a mortgage broker that works with hard money lenders.

You can check your local newspaper for the Hollywood Florida area, under financing or mortgages and will usually find a few ads for hard money lenders or investment property financiers in your area.

While traditional loans will only look at the current value of the property, hard money lenders will look at the after repaired value of the property and loan out anywhere from 50-80% of the after repaired value before the property is repaired.

It may be a mortgage broker in Hollywood Florida that has contacts with these investors, in some cases it is simply another investor that has money to invest and simply makes a good return on their investment.

Hard money loans are expensive compared to traditional financing. Generally interest rates are between 12-16% and you may need to pay 3 to 5 points up front.

The benefit comes in the fact that in many cases you can get repair money above and beyond the actual purchase price of the property which is generally unheard of in traditional financing.

You simply look at the costs of hard money loans as a cost of doing business and make sure you include them in your purchase and holding costs so that you end up with the profits you are looking for on the property after all is said and done.

Getting your first loan in Hollywood Florida as an investor can be the most work, but once you establish yourself as a successful investor things become easier.

There is a lot of free information available to you about buying, selling or investing in Hollywood Florida real estate. For complete information about the Hollywood Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hollywood Florida real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your questions. Call me on my cell at or email me at Sue@SueWeaver.com.