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Real estate investors have two options when it comes to property: sell or rent. Selling is a short-term investment strategy, while renting is a long-term investment strategy. Ultimately, to make the decision, several factors are at play. Each option has the opportunity to make a nice return for you, but in some markets and locations, one may be more advantageous than the other.
According to Richard Branson, “Luck is what happens when preparation meets opportunity.” In other words, if you’re going to become a successful real estate investor; start preparing now and when you find that perfect house, the mythical creature that is “Luck” will arise.
After ten years of steady economic growth and low interest rates, inflation is now beginning to rise in the U.S. Inflation is expected to continue to rise, and it’s vital for real estate investors to understand its effects and how to mitigate it.
From little leaks to overflows and floods, water damage instills terror in landlords and property flippers alike. Once you turn off the water and the electricity, it can be hard not to look around in a complete panic. Even a small leak can be bad because the damage has time to spread slowly.
In looking at the cities with the most growth, it’s basically looking at where the country wants to live. Many people are flocking to west coast cities, finding them to have stable employment, lots of amenities, good schools, and a housing market that still affords the middle class a chance at homeownership. With the growth in these cities, it’s a good time for investors to consider buying properties there with the opportunity to either have rental income or to flip and resale.
When it comes to commercial and residential mortgages, they have one similarity: they involve property. For the most part, that’s where their similarities end. If you’re new to taking out a commercial mortgage, you’ll probably soon discover that there are some significant differences, especially if you’re more familiar with the residential market. Here are some of them:
As you know, the real estate market is looking strong throughout the country. Prices have somewhat moderated and new cities are becoming very attractive for real estate investment. However, not every market is created equally; some, like the West Coast, are more appealing than others. Let’s look at some of those cities and what makes them the places for the best return on investment (ROI).
If you’re a landlord considering entering the rent-to-own market, it always helps to appraise the pros and cons. Arguably, this is an excellent way to guarantee a stable rental income, but the scheme doesn’t come without disadvantages. After weighing the good and the bad points, you can decide whether it’s right for you.
There are endless tips and tricks out there claiming to help make your property look attractive. But when you need a quick, effective boost before viewers start rolling in, consider this: how does your property smell?
Following the biggest economic crisis of the 21st century, federal and state regulators tightened the laws around mortgage lending. In response to a crash that largely due to activities in subprime lending, the government introduced the Ability to Repay rule. In short, this rule sets strict criteria outlining who is likely to repay a mortgage successfully. Those individuals then qualify for a loan called a qualified mortgage (QM).
