27 04, 2022

Should You Invest in a Multifamily Property?

2022-04-27T18:52:03-04:00April 27th, 2022|Categories: Investment Properties, Real Estate|Tags: , , |

If you're like many investors, you're wondering whether investing in a multifamily property is worth it. This guide gives you some pros and cons so you can make the right decision. Should You Invest in a Multifamily Property? For many investors, multifamily properties are where it's at. However, these types of properties aren't right for everyone. If you're considering investing in a multifamily property, there are a couple of approaches you can take to this situation. You may choose to fix and flip the property to another investor, or you may choose to rent out one or more units in

22 04, 2022

3 Big Mistakes New Real Estate Investors Make (and How to Avoid Them)

2022-04-01T02:49:08-04:00April 22nd, 2022|Categories: Investment, Investment Properties, Investments, Real Estate|Tags: , , |

If you are a new real estate investor, these are the three huge mistakes you need to avoid to keep your business profitable. 3 Big Mistakes New Real Estate Investors Make (and How to Avoid Them) Check out the three biggest mistakes new investors make: Paying too much Failing to have a great team in place Buying in the wrong location Here’s a closer look at each. New REI Mistake #1: Paying Too Much Overpaying for an investment property is the single biggest mistake you can make because it cuts into your profits. When you purchase an investment property, you

16 04, 2022

3 Surefire Ways to Spot a Distressed Property

2022-04-01T02:45:51-04:00April 16th, 2022|Categories: Investment, Investment Properties, Investments|Tags: , , |

As a real estate investor, it's in your best interest to keep your eyes open for distressed properties. Here are three ways to spot one. 3 Surefire Ways to Spot a Distressed Property If you are like most investors, you're always on the lookout for a great opportunity. Check out these three surefire ways to spot a distressed property: Check property tax records Network with probate lawyers Cruise around town Here's a closer look at each. Tip #1 for Spotting Distressed Properties: Check Property Tax Records Property tax records are generally public information, and you can usually find them on

11 04, 2022

Are Short-Term Rentals Profitable?

2022-04-01T02:41:31-04:00April 11th, 2022|Categories: Investment, Investment Properties, Investments|Tags: , , |

If you're a real estate investor who's having a tough time filling a property, should you look at the short term rental market? here's what you need to know. Are Short-Term Rentals Profitable? Short term rentals can be profitable, but they're not a permanent solution for many investors. However, in some areas, it does make sense to use a property for short term rentals only. For example, if the property is in an exciting vacation destination, a metropolitan area, or near a big attraction, it may make sense to rent it out one week (or one weekend) at a time.

6 04, 2022

Who Do You Need on Your Investment Dream Team?

2022-04-01T02:35:20-04:00April 6th, 2022|Categories: Investment, Investment Properties, Investments|Tags: , , , , |

If you're getting into real estate investing, you know that you need a dream team. But who should be on it? This guide explains. Who Do You Need on Your Investment Dream Team? As a new real estate investor, you'll probably read multiple sources that say you need a “dream team.” these are the members you need to get a good start: Lender Real estate agent Property manager General contractor Accountant Here’s a closer look at each. Dream Team Member #1: A Reliable Lender Every investor needs a good source of funding, so it's a good idea to get to

1 04, 2022

Should You Invest in a Multifamily Property?

2022-04-01T02:30:53-04:00April 1st, 2022|Categories: Investment, Investment Properties, Investments|Tags: , , |

If you're like many investors, you've considered purchasing a multifamily property. But is it right for you? Should You Invest in a Multifamily Property? Many investors wonder whether they should invest in a multifamily property or a single-family home. Although there's no one size fits all answer, a multifamily property may be the right choice for you. These types of properties often carry several advantages, including: More income Scalability Lower risk Here’s a closer look at each. Benefit #1 of Owning a Multifamily Property: More Income A multifamily property has the potential to let you bring in two, three, four

27 03, 2022

What Are the Requirements for a Hard Money Loan?

2022-03-12T21:04:32-05:00March 27th, 2022|Categories: Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments|Tags: , , , , |

If you are an investor who needs to borrow hard money, and you've never done it before, you're most likely wondering what the requirements are to take out this type of a loan. This guide explains the requirements for a hard money loan so you understand the basics before you get in touch with the lender. What Are the Requirements for a Hard Money Loan?  First things first: a hard money loan is a short term loan that typically offers a higher interest rate than a conventional mortgage would. Many investors use these types of loans to purchase properties at

11 03, 2022

Are Hard Money Loans a Good Idea?

2022-02-27T03:05:33-05:00March 11th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties, Investments, Real Estate|Tags: , , |

If you're a real estate investor, a hard money loan may be a great idea for you. However, these loans aren't right for everyone. In fact, they aren't even right for all investors. This guide explains whether hard money loans are a good idea, and in which situations they can work in your favor. Are Hard Money Loans a Good Idea? Hard money loans are only a good idea if you need to borrow money for a very short period of time, you're willing to spend more than average on interest, and you need to borrow on the after repair

6 03, 2022

Who Should Use a Hard Money Loan?

2022-02-27T03:02:46-05:00March 6th, 2022|Categories: Hard Money Loans, Investing, Investment, Investment Properties|Tags: , |

There's a good chance that you've heard of hard money loans, but who are they for, and why do they work for some people and not others? This guide explains. Who Should Use a Hard Money Loan? There are generally two types of people for whom hard money loans work the best: investors and those who have been rejected by banks. Here's a closer look at each. Hard Money Loans for Investors Generally, people who intend to purchase a home at a low price, fix it up and then sell it at a higher price are great candidates for hard

1 03, 2022

Hard Money Loan Down Payment Requirements

2022-02-27T03:00:09-05:00March 1st, 2022|Categories: Down Payment, Hard Money Loans, Interest, Investing, Investment, Investment Properties|Tags: , , , |

Although hard money loans are very different from conventional loans, there's a good chance that you'll need to put down a down payment in order to borrow from a hard money lender. This guide explains hard money loan down payment requirements and how they affect your ability to borrow. How Much Money Do You Need to Put Down on a Hard Money Loan? Most hard money lenders require you to put down 10 percent of a home’s after repair value as a down payment. However, every situation is different, and you should talk to a hard money lender about your

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