If becoming a residential real estate investor or being a landlord sounds like an exciting opportunity, then owning property is a must. For some people, buying a multifamily property is a lifelong dream. What those people may not realize is that their dream is a lot more attainable than they might think. You don’t have to be a billionaire to purchase the ideal multifamily property. In fact, if you know how to play your cards right, you can achieve your goals with little money in the bank, or even no money at all. Here are 6 strategies that might help.
Continue reading “How to Buy a Multifamily Property With No Money”Rent or Buy? Buying One’s First Home May Be Cheaper Than Renting in Some Cities
There is no shortage of reports and news items mentioning several cities in the US where it is cheaper to buy a starter home than to rent; conversely, there are also cities where it is still considerably cheaper to rent than to buy. Some of the statistics are persuasive, due to massive rent increases in some areas over the last two years, particularly for smaller apartments. From a range of reports and news items dealing with this issue, a consensus indicates the following:
Continue reading “Rent or Buy? Buying One’s First Home May Be Cheaper Than Renting in Some Cities”Construction Loan vs. HELOC
When it comes to home-renovation projects, you might feel completely overwhelmed. Not only do you have to make dozens of decisions regarding the design aesthetic, but you also need to find the money to afford such a large project. Odds are, you don’t have thousands of dollars just sitting around, so you might need to secure financing for your home improvement project. Two of the most common ways to finance a home renovation include taking out a construction loan or a HELOC.
Continue reading “Construction Loan vs. HELOC”Demand for New Homes Rises Fast as People Flock to the South and West
Reports from realtor groups, supported by statistics from van lines and moving companies, talk convincingly of people ‘flocking’ from large metropolitan areas – especially towards the West, the mountain states, the South-East, and Texas. The perception is that there has been a noticeable increase in domestic migration in the past two years, presumably related to the effects of the COVID-19 pandemic. But has there?
Continue reading “Demand for New Homes Rises Fast as People Flock to the South and West”What Are Real Estate Comps?
Real estate comps are a powerful tool for anyone venturing into the complex and potentially volatile real estate market. Comps allow you to effectively compare similar real estate sales so you’ll better understand what to expect in your own situation. Whether you’re selling a piece of property, buying a home, or simply investing in the real estate market, understanding comps will help you make the best choices possible with your funds.
Continue reading “What Are Real Estate Comps?”What’s the Best Way to Finance Your Real Estate Investment?
A quick look at different types of investment loans
An investment loan refers to any kind of loan used to finance the purchase and/or renovation of an investment property. While the home one lives in may well be considered an investment, it is also a home; as such, it is not considered an investment property per se, as one has to have a roof over one’s head, whether owned or rented. Purchasing a property with the aim of leasing it or fixing it up to flip it and make a quick profit, makes it an investment property – a realistic alternative to investing one’s spare capital in stocks or bonds.
Continue reading “What’s the Best Way to Finance Your Real Estate Investment?”