RECENT BLOG POSTS
I can only say, your home or house, whether it is a single family or condominium, is not an investment. However, you must consider which improvements are worth doing and which are not. Your home is the place, where you live, whether you rent or buy. Now, you should only spend what you can afford ...
09/14/2008
I think this question is the hardest question for most first time home buyers to answer. What is my advice? Try to answer the following questions. First, What is my monthly cash flow? How much can I pay towards a mortgage payment? How much money will I need to improve a property? Do I have that m...
09/11/2008
In today's Philadelphia Inquirer, there is a new proposal for the Philadelphia Slot Parlor slated to be on South Columbus Boulevard or for what us old school people still call Delaware Avenue. Instead of building on the South Philadelphia Waterfront, there is a new proposal to redevelop part of t...
09/10/2008
To begin with there is a difference between a licensed agent and a REALTOR®. For example, I am licensed by the Commonwealth of Pennsylvania as a "Sales Associate". I am a Realtor®, because I am a member of the National Association of Realtors®. All licensees are not Realtors®. To become a REALTOR...
09/09/2008
I began writing a different blog today; one on the seminars, books and tapes available for inexperienced real estate investors to make one rich overnight. I realized in trying to put it together that the most abused term was "COMP". People are constantly calling me to run "COMPS" for a property t...
09/08/2008
People are often confused about investing in real estate for investment purposes. When I am speaking of "investment purposes", I am talking about a long term investment where the subject property is a rental property. People know if the mortgage payment per month is $600.00 and the rent is $800.0...
09/07/2008
I don't know how it works in other parts of the country, but in Philadelphia, there are multiple types of Grants for which a buyer can qualify. Most of them are income related. Some come from the City of Philadelphia, Some from the State of Pennsylvania, and some from lenders.What a buyer must be...
09/05/2008
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We had a discussion today in the office as to what "AS IS" means. We agreed, as per our discussion, that it could have a couple of different meanings in a real estate transaction. First, it could mean that what you see at "offer time" is what you are buying. Therefore, make sure you make a good v...
09/05/2008
It is best to address all of them immediately.Most people will need to do the following: Make a mortgage application Make sure the property is insurable Schedule inspections Make a second deposit Perhaps, review leases or condominium documents None of these items are based on one another. All of ...
09/05/2008
There is a great incentive for FIRST TIME HOME BUYERS and/or people who have not owned a home in the last three years in the form of a Tax Credit provided by the Housing and Economic Recovery Act of 2008.How does it work? I will try to make it as simple as possible House must be purchased between...
09/05/2008
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Lauren Herlich

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Entries taken from my Blog: Bricks, Mortar and Cheesesteaks real estate/ Information and Topics for Buyers and Sellers of Real Estate, which is directed to the Philadelphia market, but containing themes, which are more universal. http://laurenherlich.blogspot.com/