Real Estate Blog
Top Ten Tips For Becoming A Successful Landlord.
Are you a landlord or planning to become one? Well, this is an opportunity that comes with a lot of demands and therefore it is good to know what you’re in for. Before getting started on this journey of being a landlord, you may be advised against it with common generalizations. You may be told that tenants don’t pay rent, they trash your house and call you 2 am to unclog the toilet and even make you go bankrupt. Generally, as a landlord, you may have some dreadful tenant experience but majorly brilliant ones will always be there. To get the most as a landlord, you need to establish a good relationship with your tenants. Some tenants who had a bad experience with landlords will assume you’re not different until you try not to be one. Learning how to be a landlord will help you avoid burning out.
Top Commercial Real Estate Due Diligence Mistakes to Avoid
Any purchase in the commercial real estate industry is a huge investment. To the contrary, due diligence in commercial property investment is rarely talked about. Other factors such as raising money and negotiating the deal are mostly given more attention. Whether you’re a commercial real estate professional, tenant, buyer or seller, understanding the importance of due diligence is vital. Conducting due diligence helps you avoid costly mistakes and improve your skills as a real estate investor. Investors who focus on other aspects of the deal and fail to do the essential research most make expensive mistakes at the end. Below are the top due diligence mistakes from a 31-year investor that you should avoid.
Top Upgrades That Add Value to Your Commercial Investment Property
Every investor in commercial property wants the best for the property they manage. Increasing the value of property investment and maximizing income is your goal as an investor. Increasing the value of a property generally results in higher profits. Well, if you want to invest in your commercial property for profit, be sure to make sound and objective decisions about your investment. There are many traditional property renovations and upgrades that when you invest in you are likely to lose money without improving your property value. Adding a swimming pool, a new floor and upgrading mechanical equipment might seem to the right improvements but they may not raise your property value. Choosing the right improvement projects may mean the difference between your property being rented and your property staying empty. Consider these upgrades that tenants want for you to increase your property value and boost your ROI.
Some of the Best Real Estate Investing Education Sources that Proves to be Worthful!
As you know a home must be of a strong foundation to be solid. Keep this statement in your mind, because this is somewhat a good real estate business looks like, you have to get the best real estate education for the sake of the solid foundation of your real estate business.
Six Major Advantages of Commercial Space over Residential Property
Real estate has become a popular investment because it is secure and offers great returns. Investing in both commercial real estate and residential property can help increase your portfolio. However, there is much difference between commercial and residential real estate which may take time to understand each. While residential property investment might seem better for some investors, most investors prefer investing in the commercial real estate. The great feeling of being a residential landlord can be very much enticing. However, commercial space has more advantages over residential property. The major challenge in commercial property is getting the right tenant. Once you get the tenant for your space, you enjoy many benefits that a residential property investor can’t get.
Bad Credit and Millennial home buyers
Bad credit is around when you cannot meet payments on your credit agreements. Sadly this has turned into yet another millennial dilemma (other than excessive competition, and debt to income ratios to name a couple). Most of the millennial need to go through college by acquiring huge student loan yet whatever they earn during that time is too meager to keep up. The new generation of home buyers is facing some tough financial checks as compared to the previous generations. Many of them also have bad credit scores. This can affect interest rates offered, possible extra points a mortgage borrower may have to pay, and whether or not the potential borrower can be approved for a home loan.
Types of Property Auction: Know Your Basics
Contrary to what people generally think, a property auction can help you find your next investment deal faster than anything else. Nowadays the housing crisis of the yesteryears might seem like a distant memory, but you can still find properties that are being foreclosed (mostly by banks) in property auctions. This marketplace gives you the wherewithal to get ahead of the competition, boost your business, and use properties being sold by banks to your advantage.
Let’s take a look at how you many types of property auctions are there.
Grow Your Real Estate Portfolio by House Hacking
Many would-be real estate investors are intimidated because they believe that they need a huge capital to start in the industry. While this is a perfectly understandable fear, the truth is that there is a low-risk way of entering the real estate industry using something relatively small (like $20,000) as a starting capital? Imagine a scenario where you could buy a property on 3.5% down, and getting 100% in return per year? This can be achieved with what is called house hacking.
Real Estate Planning: A Guide for Beginners
It’s no big secret. The word ‘real estate’ tends to make most of us think of homes put on sale by others but never your own. But that’s what it actually is. Consider everything you own, be it in your junk drawer or your checking account, it’s all your own estate.
This is crucial to understand when we talk about real estate planning. Estate planning is helpful to everyone, especially when you start to accumulate and grow your wealth. If you own property, find out how you can use real estate planning as a critical tool to ensure that your legacy remains.
Understanding the Millennial Home buyer
Millennials have come of age now. They represent the biggest generation in the history of mankind. They now are the biggest group of buyers in America. Most of the first time home buyers in the states are Millennilas(also referred as generation Y) and they are bringing about major changes to the real estate market.