Damion

Living on the Lake

by Damion 10 January 2012

South Mississippi is home to several very nice lakes, but often times, it is what is built around those lakes that really makes a community thrive. Windance and Lake Village Estates are built around 100-acre Adam’s Lake, a man-made lake back in the 1960′s that has an abundance of large-mouth bass and bluegill swimming around [...]

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The Dipping Mortgage Rates of the Gulf Coast: What do they mean?

by Damion 28 November 2011

The guest post below is by Melinda Carter, Guest blogger. I take no responsibility for the accuracy of the information. If you have further questions, I can recommend a local lender. ~Damion Flynn, Broker No market in the United States has really avoided the issues that have affected many real estate scenes throughout the country. [...]

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Legality of placing Multiple Offers

by Damion 2 August 2011

Since there are numerous foreclosures and short sales on the market, would it be feasible/legal to place offers on multiple properties at one time? If you plan to go through with the purchase of every property you put an offer in on, then this is a perfectly accepted practice. However, if you only intend to [...]

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Buyer’s agent and Seller’s agent

by Damion 2 August 2011

What is the difference between a buyer’s agent and a seller’s agent? Also, why should I use a buyer’s agent? The simplest version of your first question is that a buyer’s agent represents you as the buyer. A seller’s agent represents the seller. If you call off a sign in the yard, you are calling [...]

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Option, Lease Option and Lease Purchase

by Damion 4 July 2011

As I deal with a lot of investors, I often run into deals with Options, Lease Options, and Lease Purchase agreements. The problem is that these terms are often used interchangeably because many investors have received bad information on what they actually are. “Lease Options” are often pitched to investors in a “sexy” manner but [...]

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Land Contracts vs. Homeowners Mortgages

by Damion 17 May 2011

Land Contract or Contract for Deed A Land Contract, also known as a Contract for Deed, is a seller-financing arrangement which is most typically referred to as a Lease Purchase. In this type of financing arrangement, the seller continues to hold title to the property, but the buyer will hold a contract in place of [...]

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Better Pricing, More Equity with Rehab Loan

by Damion 2 May 2011

Let’s face it – everyone wants to get the best deal possible on a home and a lot of people like the idea of “sweat equity”. The unfortunate side is if you find a home in a location that you love, with a layout that you love, but decor, etc that you hate – it [...]

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