Beautiful Wilkes County NC Executive Country Club Home.

MLS Number: 51211 List Price: $359,000

Bedrooms: 3, Full Baths: 2, Half Baths: 1, Est Total SqFt: 3425+
Type/Style: Tudor, Two Story, Area: 6
Elementary School : Moravian Falls Elementary
Middle School: Central Wilkes
High School: Wilkes Central

Construction: Brick Veneer & Other, Solid Masonry Foundation: Basement, block & brick. Roof: Shingle – Composition, Two Years Old, Floors: Carpet/Hardwood/Tile
Garage/Carport: Garage-Double Attached
Interior Features: Smoke Detector(s), Ceiling Fan(s), Newly Decorated, Painted and Carpeted, Central Vacuum, Large Master Bedroom, Walk-In Closets, Hardwood Floors, Basement, Two Fireplaces (Rock and Brick), Gas Logs, Workshop in Basement, Walk-in Cedar-lined closet, Formal Living Room, Dining Room, Den with Oak Bookshelves and Cabinetry, Cable TV w. broadband Internet

Exterior Features: Tiled Patio/Deck and Walkways, Very Private Yard, Level Lot, Set Back From Street.
Subdivision: Farmington
Lot Size: 1.14 acres

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Just in time to take advantage of the current inventory of foreclosures and other financially distressed properties, this new book explains the basic procedures, when and how to use each one, containing useful real-world information that can assist you in starting or furthering your real estate investing. This highly organized, easy-to-read book is not only very enjoyable, it is highly educational even if you have considerable real estate experience. The author explains virtually every property acquisition method and when to use each. He heavily emphasizes how to acquire properties using little or none of the investor’s own cash.

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search for : foreclosures, financially distressed properties

Americans experienced rising housing costs for 2006, despite signs of a slowdown in the housing market, according to figures made public today by the United States Census Bureau. The housing data describe the buildup of economic pressures before the recent wave of foreclosures, as lenders allowed home-buyers to borrow more money relative to their earnings and consumers borrowed or refinanced as if the market would never fall. Fourteen percent of mortgage-holders spent at least half their income on housing in 2006, up from 13 percent last year, while among renters there was little change. In both years, 25 percent of renters spent half their income on housing.

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Seminars promising quick wealth with little effort regularly crop up in each new real estate cycle, be it boom or bust. With foreclosures surging around the country, investing in distressed properties has become a hot topic. National Foreclosure Institute seminars are operated through a contractual relationship with Telligenix, a Florida-based company that oversees the marketing for a number of real estate investment courses. A spokesman for Dynetech, a holding company for Telligenix, said that all seminar instructors must be actively involved in foreclosure investment and pointed out that the fee-based courses are approved for continuing education credits through the International Association for Continuing Education and Training.

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search for : foreclosures surging

Is it good personal finance to refinance your investment property mortgage with an interest-only loan. What’s good about the interest-only loan is that you aren’t paying down the principal balance over at least an initial portion of the loan term. That improves the monthly cash flow on the property and keeps the mortgage interest expense constant over time. A common interest-only structure is a 5/1 or 7/1 adjustable rate mortgage, or ARM. Fixed-rate interest-only mortgages are available — the typical interest-only loan is not interest-only for the life of the loan, just over an initial term. At the end of that initial term, the loan payment will be recalculated to include the repayment of principal. Because the principal repayment takes place over fewer years, there can be a big jump in the monthly mortgage payment.

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search for : interest-only loan, mortgage interest expense, adjustable rate mortgage

Landlords pick applicants who have track records as good tenants. There’s nothing wrong with this approach, and it works, after all, people are creatures of habitl. But the other factors are less telling. Applicants should consider writing a letter of introduction in which they describe themselves and their commitment to being good tenants, with some supporting evidence, such as college transcripts. Good grades and no “incompletes” spell maturity and follow-through, both qualities that landlords look for.

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