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Month: May 2013

  • Beware of loan modification scams

    Reader Question: What do you know about a company called “name omitted”? Can they really help? Are they a legitimate company? Monty’s Answer: Hello Ely, and thanks for the question. I do not recommend or rate businesses, but some comments and suggestions may be helpful. Background is important. Companies like the one being questioned specialize…

  • Why the “Home Lookers List” is hard to obtain.

    Reader Question: Can I ask my real estate agent for a list of the people who have inspected my home?  Nan D. Monty’s Answer: Hello Nan, and thanks for your question. The answer is that you can ask your agent for a list of people that have looked at your home. That being said, not…

  • The best method to value small business property.

    Reader Question: My husband and I own a small business on a commercially zoned street in a city with about 100,000 people. We are thinking of selling the business and property. Could you recommend an appraiser here? The building is very old and is “grandfathered.” We also own an adjoining parking lot. We would like…

  • Why some commercial real estate ends up like this?

    Reader Question: I currently own a commercial building. The mortgage was paid off when I inherited it. I am looking for a profitable long-term investment. I would like to leverage my building to buy another one. How do I find a great deal? How do I calculate return? What formulas are important to find an appropriate cost? Simon…