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Know About Buying Distressed Properties

Sell My House Fast – Distressed Properties

Property in distress isn’t necessarily a good deal. There is, nevertheless, the possibility of finding a lot among them. Typically, a property becomes distressed because its owner is facing financial ruin and has no choice but to sell. Of course, a home that has fallen into considerable disrepair is also considered a distressed property.

As an investor, it’s best to enter this sort of real estate deal with realistic expectations and a thorough understanding of the process of locating these properties as well as the time and costs associated with purchasing distressed homes. When buying distressed houses, there are five things to keep in mind.

Visibly Vacant

Real estate salespeople scour the streets for buildings with symptoms of neglect, for sale by owner signs, or even indicators of abandonment, such as piled newspapers or shattered windows, in the hopes of making a quick buck. As a real estate investor, one of the most important side effects for you is becoming thoroughly connected with the market and monitoring any changes on your frequent excursions. You’ll be able to make the first move when you find an off-market deal—tracing down the owner and making an offer—by incorporating these drives into your routine, which may just put you ahead of the pack when buying distressed houses.


Before purchasing these distressed houses, you should familiarize yourself with the probate investment procedure. The county courthouse will provide you with the information you need to identify these residences as public records, and some companies charge a fee for this list if you prefer to obtain it online. The process is pretty simple once a will is in place. When a person dies without leaving a will, they are known as intestate, and their property must be sold through the probate court, which can be a lengthy process. Often, the heirs have no interest in preparing the property for sale or improving it, and they don’t want to wait years for their money, giving you an advantage. Remember that not all probate sales are good deals, so set realistic expectations.

Know About Buying Distressed Properties

Short Sale

Borrowers in difficulties can contact their mortgage lender before the bank begins foreclosure proceedings, demonstrating their financial hardship and obtaining permission to sell their house for less than the amount owed on the loan, a process known as a short sale. Investors confront competition and unpredictability because these homes are often in excellent shape. It’s important to keep in mind that these properties aren’t always cheap. Investors, on the other hand, can find fantastic prices among short sellers. The lender will usually only accept a ten percent discount off the appraised value, which is crucial to understand. You should be aware that purchasing short-sale distressed houses is a time-consuming procedure that involves a lot of red tape and paperwork. Short sale properties can be found at the courts, online, and through networking with other like-minded real estate investors.


When buying distressed properties, foreclosures are another sort of investment to be aware of because they have the potential for significant returns. When a borrower defaults on their mortgage, a bank takes possession of the property, which is known as foreclosing. Foreclosed homes are frequently sold at auction and are sold “as is,” with no opportunity to inspect the property. Because financing for these properties might be difficult to come by, cash buyers have an edge; nonetheless, investors must include a down payment with their bid. Real estate owned, REO, or bank-owned properties are those that go unsold at these auctions. These sales are less stressful because there is less competition, financing may be easier to obtain, and you have the opportunity to examine the property before purchasing. These sales are also public information and are reported in the newspaper. You can look for a foreclosure listing through a real estate specialist that specializes in foreclosures, as well as various web sites that provide foreclosure listings.

Delinquent Taxes

When property owners fail to pay their county taxes, the residences are foreclosed and sold at auction to the highest bidder to cover the debt. You could lose your investment if another lien holder has a superior or higher priority claim on the property. Furthermore, if another lien holder seeks to redeem their claim on the property for which you hold the tax lien, they must pay the sum for which you purchased the tax lien plus a predetermined amount. Remember that while your funds are sitting, the owner normally has 12 months to settle the tax lien, which is important to remember when buying distressed homes.

Sell My House Fast, is well-versed in purchasing distressed properties, making the process simple for you

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Money do You REALLY Need When Buying a House

Sell My House Fast – Money Do You REALLY Need

Most buyers are too preoccupied with finding the perfect property to grasp the ins and outs of obtaining adequate financing. by entrusting those information to their lender’s representative. Let’s take a look at some different sorts of loans so you can figure out how much money you’ll need to put down on a house in Chicago.

Conventional Loan

Starting with the most basic as implied by its name, the conventional loan is what most people think of when discussing mortgages.

They often have higher credit score requirements, starting at 620, as well as a bare minimum of a 3% down payment, however these requirements vary per lender.

If your down payment is less than 20% of the home’s closing price, your lender will require Private Mortgage Insurance, or PMI, as with most home loans. The goal of this insurance is to protect the lender from financial damages if you default on your loan.

As the property’s mortgagor, PMI serves no purpose other than to increase your monthly payments until you reach the crucial 20% loan-to-value ratio.

Money do You REALLY Need When Buying a House

FHA Loan

At first glance, the FHA loan may seem very similar to a conventional loan, but there are a few key differences.

The Federal Housing Administration, primarily the Federal Housing Administration, insures FHA loans. Due to the improved loan security, FHA loan requirements for purchasing a home in Chicago are less stringent, requiring only a 500 credit score and a 10% down payment.

The minimum down payment scales alongside your credit score, which distinguishes the FHA loan from others. Simply said, the lesser your minimal down payment, the better your credit score.

A credit score of 580 would be required to move up to the next tier, allowing a buyer to make a 3.5 percent down payment. The disadvantage of an FHA loan is that the FHA mortgage insurance premiums, as well as a 1.75 percent startup cost, are passed on to you as the owner.

VA Loan

A VA loan is a loan provided through the United States Department of Veterans Affairs for qualifying former and active-duty military personnel.

This may appear to be an easy task on the surface, but it is critical that you call your local VA office to confirm your eligibility for a VA loan before committing to a lender. The reason for this caution is because unscrupulous lenders have been targeting military personnel for years, and you don’t want to be the next victim.

VA loans, on the other hand, are a dream because they offer 100 percent financing (no money down), no PMI, and lower interest rates. On the negative side, there is a one-time setup cost that can be postponed and applied to your monthly payments.

We strongly encourage those that qualify to take full advantage of their VA loan when buying a house in Chicago with We Buy Houses.


Created as part of the New Deal legislation in 1937, the USDA loan originated to assist rural communities and farm owners.

USDA loans are now mostly used to maintain and, in some cases, foster growth in rural areas. Given this focus on a specific type of American life, it’s no wonder that USDA loans are geographically restricted.

The first important step is to buy a property in a qualified location, despite the fact that there is no down payment and credit score requirements of roughly 640. There are costs both upfront and annually, similar to the FHA loan, however the annual fee cannot exceed 0.5 percent of the borrower’s outstanding unpaid balance.

Help Exploring Lending Options When Buying a House in Chicago

If you’re looking for help examining your lending options and down payment requirements when buying a house in Chicago, contact us today at Sell My House Fast!

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DC Fawcett Virtual Wholesaling-Townhome Ownership,Absentee Landlordism,Commercial Real Estate,Entrepreneurs

DC Fawcett Real Estate Guidelines To Entrepreneurs.

Businessmen are facing financial crisis often due to decline in rate of interest in the market. They take up mortgage loans for their business improvement. To repay their loan, after your work hours, you have plenty of time? You can make money. Some entrepreneurs are thinking what to do with the profit earned out of their business; the investing strategies are explained in this article. The aspiring entrepreneurs can invest in real estate.  

DC Fawcett Reviews talks about how entrepreneurs can invest in real estate and the risk involved.

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There are two ways of investment:

  • Active: This requires more hands –on work either by you or someone should manage it on your behalf. E.g. Real estate investment like lease.


  • Passive: Exactly opposite of active where no or less hands-on work. E.g. portfolios

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Risks involved in investment:

  • Inflation risk : loss of purchasing power


  • Systematic risk: stock market volatility


  • Unsystematic risk: going bankrupt


  • Interest rate risk : decline in rate of interest


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How real estate influence entrepreneurs?

  • Mortgage

Small scale entrepreneurs usually take up mortgage loans to flourish in their business, improve their work environment. These loans can be either short or long term and rate of interest may vary. At the end of loan period, they have to refinance.

  • Financial advisor

Many investors are seeking internet to get to know about finance, the financial advisor job is minimal as everybody are using real estate related websites to gather information. It is a cost effective method.

  • Create diversified portfolios which depend on comprehensive investments, risk tolerance and age of the individual.

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Tips to make investment:

  • Start small and dream big

Start doing small investment and invest in huge investments later once you get well versed.

  • Little companies make creative branding

Small companies do aggressive promotion to make a mark in the market. So keep an eye on how your competitors work.

  • Social media

Social media like Facebook can help you out, post the content so that it goes viral and you will gain many customers in the meantime.

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  • Patent

Don’t rush to get a patent immediately as it only patents your business and not your work.

Many entrepreneurs commit this mistake by getting a patent as soon as they start a business.

  • Marketplace report

The best way to seek attention is to create a marketplace report. You can catch the limelight easily once you do extra ordinary reports.

  • Partners

Build your network by choosing right people with good attitude from the industry and mingle. This will increase the enthusiasm. Keep the experience criteria as secondary.

DC Fawcett Real Estate Overview On Townhome Ownership

Owning a home is something to be proud of every investor put his efforts to buy a property.  Properties are of various types: single home, multi family home, condo and township. Those who enjoy community lifestyle, townhome are preferably for you.DC Fawcett Real Estate discusses about pros and cons of townhome ownership.

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The 3 major factors to be considered before buying a townhome are

    • Cost
    • Structure
    • Privacy
  • Structure

The house construction basically differs from a normal home property. A townhome is usually attached to another townhome which is similar in its structure. They are more compact and are suitable for nuclear family or retirees. A party wall is constructed in between which acts as a divider or pillar that separates two or more homes. It is more like a condo but townhouses are built one above the other.

  • Cost

The townhomes are preferred because of its affordability factor; it is cheaper than a traditional home. They are recommended for first time owners. It’s affordable because the cost is shared by a group of people. Utility expenses i.e. heating and cooling are way cheaper in a townhome and you tend to save a lot on this.

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  • Privacy

The major drawback is privacy issue is said by many in general, but sound proof homes and high quality construction eliminates these issues easily.

What all have to enquired before buying a townhome?

  • What are the amenities and services available in the community? Usually townhouses are designed in such a way that it includes all amenities of an apartment living like swimming pool, indoor court. The common area maintenance cost is also shared by the entire community. This will give you the information on what all you have to buy and how much you need to shell out from your pocket every month.
  • Associations are there to organize meetings, acts as help desk and take care of the community. Enquire about the rules and regulations before signing; these rules should be followed at any cost. So find whether you can follow all the rules. Meetings are held in the room provided to discuss any issue as well as conduct activities for recreational gathering.
  • Pets are allowed or not, enquire about it as many communities do not allow.

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DC Fawcett complaints on townhomes

Many would be designated with posts like secretary, accountant etc, so your presence is needed almost all the time. Exterior part has to be kept incredibly neat and clean as a part of the association, they expect you to co-operate.


  • Living closer to town so availability of basic needs is easier and closeby
  • Save maintenance cost
  • Security: townhomes are gated communities and people live close to each other. So people are free from robbery.

DC Fawcett Virtual Wholesaling – Issues Of Absentee Landlordism

Absentee landlordism refers to the people who own a property in abroad which is given out for rental purpose as he/she stay in his/her home country DC Fawcett Virtual Wholesaling  . The owner can be anyone like a local investor, corporate entity or a conglomerate in abroad buys a property in overseas as it is a form of virtual real estate investment.

DC Fawcett reviews the issues undergone by a tenant in absence of a proper owner.

DC Fawcett Real Estate -Issues-Of-Absentee-Landlordism

*Rental issues:

As the proprietor is away, the tenants may not pay rent on time. But it is advisable to pay on time so as to remain in good books of the owner. This may also help in situations when you need immediate assistance from him/her.


It is the prime duty of the tenant to maintain the house clean. The walls and lofts should be kept away from dust and dirt.  In case, furniture or electronic appliances is provided by the proprietor at the time of moving in, it must be kept in good condition so as to have a smooth inspection when the owner visit.

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*Repairs and renovation cost:

There may be situations when some repair and renovation work has to be done in absence of the owner. At that time, the tenant should be in a position to shell out the money from his/her pocket. The amount spent on repairs should be informed to the landlord when he/she is reachable. Friendly relationship with neighbors is also important as it can help during any crisis.

*Communication gap:

There would be apartment meetings or some circumstances which may require the presence of the owner to communicate important information. But it is one of the biggest hurdles that a tenant should undergo in absence of the landlord as he/she is out of reach. In that case, telephone calls and messages pave way for communication.

*Freedom and Friendship:

Some owners may not prefer the tenants to have a pet at home. But in case of absentee landlord one may like to have it. Ensure that it doesn’t cause any damage to the house. Parties or watching television may result in noises which therefore affect only the neighborhood.

Good relationship with your neighbors can prevent yourselves from complaining to your proprietor.

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The complaints accused on absentee landlord

*The only motive of the owner is to extract the economic value of the property through monthly rent and least bothered about the social welfare of the tenant who pays the rent.

*The outward flow of economic capital as he/she doesn’t reinvest in local region.

*Minimum relation towards the land and buildings as the proprietor stays far away

*Repair work is overlooked to avoid taxation.

*Generating legal problems.

The property management companies  help in finding the tenants, collecting monthly rent and solve issues like repair work in absence of the owner.

DC Fawcett Views On Emerging Trends In Commercial Real Estate

DC Fawcett Real Estate-Emerging-Trends-In-Commercial-Real-Estate

Commercial real estate has a prominent significance in today’s marketing world and DC Fawcett Reviews the emerging technology trends in commercial real estate (CRE).

  • Impact in CRE

The CRE professionals used Excel which contained all the database a decade now  have now transformed into automated systems consisting email ,accounting and other necessities in a sophisticated manner. These trends are used in startups and the impact is reflected on big data, smart cities and process automation.

Property management companies play a vital role as everything can be tracked down by the authorities and investors can make request on purchasing a property online and they can find the ongoing net operating income. These companies manage multi storey buildings and properties

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  • Market place

Market place lending ]has emerged more than residential real estate, as they are the main source of income for all commercial real estate ventures in different ways like crowd funding.

  • Big data analytics

Big data analytics has been a transforming force in each and every industry which has reduced man labor and has created a platform for CRE professionals to analyze the statistics in depth.

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  • Alternate methods of investing

Crowd funding has emerged to be new trend in CRE. The MLS listing information available to genuine realtors has paved way for quick search of properties online.

  • Evolution of 3D

Though 3D came into existence decade ago, it is emerging as 3d models can be used by real estate professionals to show to the buyers for better visualization.

  • Post-transaction service is very essential and helpful for real estate professionals as it improves their value and building a rapport with real estate agents post transaction is beneficial.
  • Virtual reality

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As we live in a fast paced world, many landlords don’t have time to show the property in person and may also consider hiring a real estate agent is costly.

At that point of time, virtual tour helps where you can show the properties online to the buyers who are interested in the property. This will save time as well as helps in eliminating the properties easily when you have multiple properties to look through.

  • IOT has helped the retailers to monitor real-time activities; this will help the investors to make his movie accordingly while making an investment. With the help of internet we are able to achieve everything mobile.
  • Artificial intelligence (AI) has helped the CRE professionals in structuring data and information of non closure, lease and other legal agreements.

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It is important to cut an edge among other investors through different emerging ways of investing to stay in the race as well as earn quickly.

  • Commercial real estate scam happens mostly in form of misappropriation of funds means that when a person uses the money he obtained from loan to an unapproved project.
  • Advance fee scam is very common when a con artist approach you when you are struggling to finish the legal procedures of a new property, he gets so called “advance fees” from you stating he will assist you in completing the legal work, but he won’t.

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DC Fawcett virtual real estate investing club has a blog which talks more about absentee landlordism, so tenants who are in need of more solutions can read the blog to tackle the tough situations.

DC Fawcett, a real estate professional has started virtual real estate investing club so that investors can get an idea about it. Entrepreneurs who are interested in real estate can make use of these blogs which will also help you out to stay scam free. The aspiring entrepreneurs can make use of DC Fawcett virtual wholesaling methods as it involves no risk and cash.


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Property Management Mistakes Investors Often Make

5 Property Management Mistakes Investors Often Make

The choosing of tenants and all that follows are all important aspects of Sacramento property management. Poor management will not overcome the expense of the best location and building in the world; when tenant complaints are ignored, it can become problematic. Leaving unresolved issues between tenants and management might lead to non-payment of rent as a form of protest against poor management. After all, tenants have the option to quit if they are unhappy. Continue reading to learn about the five most common property management blunders made by Sacramento investors.

Assess Priorities

If cost is the primary consideration for the team you hire, investors are likely to commit one of the most common property management blunders Sacramento. Let’s face it, when it comes to property management, you get what you pay for. If a property management company’s services are priced much below those of competitors, it’s likely that they don’t have enough employees to be responsive to renters’ requirements; when tenants call and no one answers, it may be a costly problem.

Be Realistic

Failure to listen to professional Sacramento property managers’ recommendations is one of the most easily corrected property management blunders Sacramento investors make. Less emotionally attached professionals, such as property managers, can frequently see past our emotional attachments and offer advice on how to make the best possible return on your investment, which may mean that the purple carpet you adore must go. It’s vital to approach the process with an open mind and a readiness to hear constructive feedback about your property.

Property Management Mistakes Investors Often Make

Unexpected Expense Fund

Sadly, one of the financial property management mistakes Sacramento investors often make is the failure to account for an emergency fund of about ten percent of the property’s value, which should be readily available for unexpected expenses, which will happen. 


If you’ve ever felt micromanaged, you’ll be all too familiar with the next of our property management blunders that Sacramento investors frequently make. When you employ a property management company, you might become a passive investor, which means you should be occupied with anything other than managing your rents. Then, when you work with trusted and reliable experts like those at we buy houses, you can relax and start enjoying your retirement in style, knowing your property is in good hands.

Delayed Commitment

One of the most costly property management mistakes Sacramento investors make is delaying their decision. If you wait until your investment property’s repair is finished to start working with a property management business, you’ll likely end up in the red with your home lying vacant for weeks. Marketing and screening prospective tenants takes time. Any reputable property management business, such as sell my house fast, will have started the procedure well before the unit is available for rent, so you may start collecting rent checks right away.

Why make any of the property management mistakes Sacramento investors often make?

Instead, work with house buying company and our full-service team can handle as much or as little of your landlord responsibilities as you like. knows that you want things done your way, and by working together as a team, we can help you make the best decisions possible and maximize your investment dollar’s potential returns. We have years of experience in locating and retaining good renters, maintaining properties, and collaborating with local vendors. Our team members live and work here in Sacramento; we’re your neighbors. We understand the importance of building good relationships that help protect your investment through a strong sense of community.