Real Estate | Boricua.com

Why You Should Invest in Puerto Rico Real Estate in 2023

December 21, 2022December 21, 2022 boricua01

The year 2023 is right around the corner. Therefore, many of us are more than ready to make some New Year resolutions. One of those could sound a bit like this: I want to find an excellent real estate market to invest in in the upcoming year. If you’ve recognized your thoughts somewhere between those words, you’re in for a treat. That’s because we’ve prepared a neat little article on why you should invest in Puerto Rico real estate in 2023. Once you’re done reading it, you’ll quickly notice no…

Factors to Think about When Selling Real Estate

December 7, 2022 Johnnie Puerto Rico

Are you getting ready to sell some real estate? Maybe it’s an investment property or it’s your primary residence. Either way, there are a lot of factors involved in selling real estate, and lots to think about. It can be hard to keep track of it all, especially if you’re not an experienced real estate seller. So what are some factors you should be thinking about when selling real estate? The Outstanding Mortgage The outstanding balance on your mortgage may be one of the easier things to remember. After all,…

Real Estate Math – Do You Know These Simple Formulas?

November 18, 2022November 14, 2022 boricua01

$Real Estate Math$

The Real Estate Math You Don’t Need The gross rent multiplier is one formula you don’t need. I bring it up because people are sometimes still using it, and there are better ways to estimate value. A gross rent multiplier is a crude way to put a value on a property. You decide that properties are worth 10 times annual rent or less, for example, and simply multiply the gross annual rent a building collects by ten to get your value. There are obvious problems with this formula. You need…

Quick Mortgage Tips for Home Loans, Equity Loans, Reverse Loans, Cash-Out Loans and Refinance Loans

November 11, 2022 boricua01

If you’re considering a mortgage loan, you might be wondering what options are available. Today, there are many options besides the conventional methods of obtaining a mortgage. Whether you’re applying for a home loan for a new home, a refinance loan, an equity loan, a HELOC, or a reverse loan, you should be aware of what each loan entails. Buying a New Home When buying a new home, you’ll need to be approved for a new home loan through a lender, or ask the seller to finance the home for…

Creative Real Estate Financing

October 28, 2022October 26, 2022 boricua01

Do the creative real estate financing techniques you hear about really work? Yes and no. They likely have all worked somewhere for someone at least once. The important point is to understand the principles involved, so you can find your own creative ways to invest in real estate. Here are ten methods to get you thinking. Use hard money lenders. Ask around or find these online. These lenders specialize in short-term loans at high interest. Typically, you use this type of financing for a “fix and flip.” You can get…

Buying Real Estate Foreclosures

October 24, 2022December 21, 2024 boricua01

Buying Foreclosures – Bargain or Headache? When looking for a home for you and your family you will come across all kinds of deals, bargains, and so-called values along the way. If price is a very tangible object for you and your real estate investment then you might seriously want to consider the value of foreclosures. If you are hoping to invest in real estate in order to turn a profit then you may also wish to consider these properties that are often sold well below the ordinary value of…

Avoid Foreclosure: An Option That Many Do Not Know About

October 12, 2022October 14, 2022 boricua01

Looking down the barrel of a foreclosure, if you are among one of the over 1.4 million homeowners facing this same issue, there may be a creative technique to save your home. Save your home and salvage your equity so that you can fight again. The last thing that you want to do is give your home back to the lender. If your financial hardship has left you in a position whereby you are not able to pay your mortgage payment, whatever the reason may be, then you cannot afford…

5 Financing Options For Buying A House

September 27, 2022September 21, 2022 boricua01

Since, for most, the value of their home, is, one of, if not, their single – biggest financial/ economic asset, wouldn’t it, make sense, for a potential homeowner, to know, and understand, as much as possible, before buying any house? After, over 15 years, as a Real Estate Licensed Salesperson, in the State of New York, I try to counsel my clients, and customers, to know and understanding their options, and possibilities, so they can proceed, wisely! Although, most consider, owning a home, of their own, is a major component,…

Online Real Estate: A Promising Business Venture

September 9, 2022September 7, 2022 boricua01

When it came to making a sale or an offer to a prospective home buyer or seller real estate agents were in control of the whole transaction. If you were interested at some property that is up for sale, then you would have to go to a realty firm. And in order to get some information about that piece of property you would have to go through search the listings (this is usually in the form of a book) from the files of a real estate agent. Quite tedious wouldn’t…

Think Green Around the Home

August 7, 2022June 8, 2023 boricua01

There are many things we can all do at home to help out our environment, the following are some tips from HG-TV that we could all use: Use that BBQ! You knew grilling was a healthy way to cook, but did you know it was good for the air? Outdoor grills take less energy than electric kitchen stoves. They also keep heat out of the house, lowering air conditioning costs. Stick with grills that use propane or natural gas; they emit 5.6 pounds of carbon dioxide into the atmosphere per…

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