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the necessary steps to protect themselves against a downturn in housing prices. Avoid borrowing against home equity The first important strategy for avoiding the pain of a bubble burst is to leave the equity in your home where it is. It can be tempting to tap the equity in your home to pay off credit card bills, put the kids through college, or
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payments. When a friend started doing the same thing he explained the process to me. It was a way to get a great return on capital, and it was the opposite of buying with no money down. There is no down payment at all when you buy, because you buy for cash. The Simple Real Estate Formula You probably know that when you
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those who are ready to do business, so you can finalize the deal as soon as possible. If that's the case, here are some tips that can help to attract those who are ready to sign on the dotted line. 1. Avoid contingency offers. These buyers have a property of their own to sell, and may not even have any firm purchase offers they
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very shrewd right now if you pick the right spot, the right pricing trend and bid aggressively. It requires homework, homework, homework. Example: My wife scoured a market, screening 90+ houses. We eventually found a fixer-upper for 2K. We offered 0K the same morning it was listed. They took it on a handshake. One year later--with no improvements!--we sold it for 8K. For those of
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