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?”Top 5 Restaurants for Date Night in Palm Beach
Palm Beach, Florida, has beautiful beaches and a variety of restaurants where you can enjoy a fun date. Whether you want to celebrate a special occasion or just relax and have fun, you can find several great places nearby. Here are some of the best restaurants for date night in the area.
Continue reading “Top 5 Restaurants for Date Night in Palm Beach”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?”What Is a Blanket Loan?
Also known as a blanket mortgage, a blanket loan allows you to use one, single loan to buy several pieces of property. This eliminates the need to take out a new loan for each individual piece of property you wish to add to your real estate portfolio.
Continue reading “What Is a Blanket Loan?”Reverse Mortgage vs. HELOC
Once you reach 62 years old and are considering accessing the equity in your home, an additional opportunity in the form of a reverse mortgage becomes available. You could always leverage your home equity in the form of a home equity line of credit or HELOC, but with this additional option, which is right for you? Both are more flexible than other loans and have inherent risks that you need to consider before deciding which one works best for you.
Continue reading “Reverse Mortgage vs. HELOC”How Long is a Standard Home Mortgage?
Mortgages offer many options for homeowners, with varying interest rates, amortization, fees, and monthly payment amounts. You need to find the mortgage that works best for your unique situation, whether your goal is a lower payment, lower interest rate, or paying the loan off as soon as possible.
Continue reading “How Long is a Standard Home Mortgage?”