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Month: June 2019

  • Buying Landlocked Property Carries Significant Risks

    Reader Question: I found a great parcel of land I want to buy. It is landlocked, but the seller is an estate and willing to sell it way below market if I buy it as is. They want to settle the estate quickly. I am leaning towards taking a chance because the price is so…

  • Fixing a leaky basement can be tricky

    Reader Question: ​We own a 45-year old home in a development. The house is well-built, with a full basement and sits on more than a half-acre of land. We have made some significant renovations, and the house is in great shape. The major problem we have is a leaky basement when it rains very hard,…

  • Is earnest money returned when real estate transactions fail?

    Reader Question: If we paid our good faith money to the agent, and the deal doesn’t go through, do we still get that money back, or do we have to go to court? Monty’s Answer: This question is a potential landmine. Real estate law varies from state to state, contracts are often poorly drafted, so…

  • Three Tips For A Potential Real Estate Investor

    Reader Question: I am a young person who inherited money. I’ve been looking at different career options, and I have decided to invest in real estate, but I have little knowledge about it. Where do I find people with money who are looking for attractive real estate deals with a partner? Monty’s Answer: Real estate…