Real Estate Blog
How Learn About Real Estate Markets from home?
If you cannot leave your house or office for some reason and still want to invest in real estate, you should look towards crowd-funding. Yes! Now anyone can buy their share in real estate through these funding campaigns. These platforms have revolutionized the real estate market by allowing everyone, no matter how rich, to be part of an actual property transaction. No matter where you are you can participate in a crowd-funding with the click of a button. But wait! It is not that simple. You still have to look into the market trends or that area and other important details in order to go ahead with the deal. What if the property you are interested in is in another state? What will you do? Will you drive your way through to that state? Or be savvy and do all the required research online? We have a solution for you. You don’t have to look further for suggestions. There are several resources available online; which will help you evaluate value of any given real estate you are looking for:
Advantages of Lease Option investing
Lease Option also commonly referred to as ‘lease to own’ is the point at which a property owner gives the tenant the choice to purchase the property towards the finish of the rent. The tenant pays the fixed price in installments. Generally the tenant is given a time period and cost in which he or she has to purchase the property. This is a valuable technique for purchasers since they have the choice to keep leasing or purchasing, however, the seller of the property cannot sell the property to any other person.
Common Unreasonable Landlord Behaviors You Should Avoid.
The returns you receive as a landlord are greatly dependent on your property management. In some investments such as shares and bonds, you can get returns without getting much involved as an investor. However, rental property investment is not 100% passive. Before you get your rental income as the landlord, you to do some work and use some skill. Without proper knowledge, you can jump into rental property investment thinking it is a walk in the park only to make costly mistakes that may ruin your investment. You don’t your investment to get into ruins because of some avoidable mistakes. Rental property management is one of the aspects that determine the success of your investment as a landlord.
Top Secrets for Writing the Perfect Rental Listing
When writing a rental listing for your property, you‘re averagely competing with over 100 other rental properties at that moment. You may get discouraged when you post your rental property real estate listing yet no prospective tenant pays attention. During peak seasons, the competition could be higher depending on the neighborhood your property is located. Your rental listing should, therefore, have the most interesting thing in your area for prospective tenants to pay attention to it. Real estate marketing is never easy, but you need to give it your best because it’s integral to the success of your investment. Making your listing stand out from all the others will set you apart from the competition and help you get your property rented faster.
Adopting Real Estate as a Side Hustle
More than 13 percent of the Americans have a side gig going on for them. Especially millennial population is more into side businesses as they need to be more financially secure in the current times. We are here to inform you about the benefits of working in the real estate as a side hustle.
Five Makings of Successful Investors In Real Estate
Just like any other investment opportunities, it can be challenging to break into property investment especially when starting out for the first time. While learning from your own mistakes can be good, it is better to learn from other successful investors and avoid the mistakes they made. However, many people ignore successful investor habits and end up losing money in their investments. Disciplined habits are vital components for any successful investment. Investing in property is never a passive job. You have to be involved as the investor. You need to proper knowledge to help you make decisions that will lead to the success of your investment. In this article, you will get to know what separates profitable investors from unprofitable ones.
Creating a Successful House Flipping Business
House flipping business is when you buy a real estate, work on it and sell it on a higher price.
This business has been around for quite some time now and people have started decoding it. There are now experienced house flippers out there in the market, who are offering courses for the ones aspiring to be like them. It is claimed by some of these gurus that they have managed to flip over 1000 houses in almost 10 years; which is a great achievement on their part. Often we see people complaining that the real estate market is not that fast to be in the house flipping business. They claim that it takes time to flip a house and while you are at it you bind your investment to a particular project, which has a chance to being stuck.
Invest in Real Estate with Someone Else’s Funds
Real estate can prove to be rather lucrative as far as investment opportunities go. However, despite its attractive returns, many people shudder at the prospect of investing in it. This is because in order to start out with real estate investment, a huge amount of capital is required. You can invest in real estate, and in fact, it’s possible without you having a huge chunk of money for the purpose.
Here are a few ways you can invest in real estate with someone else’s money.
Real Estate appraisal and Common Environmental Hazards Found in Homes
1. Mold
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Mold is somewhat common when it comes to houses in areas where rainfall every now and then is a common thing. It goes hand in hand to dampness, as most of the times dampness causes mold growth. In homes places where sunlight is rarely shining upon gets mold growth even if there is less dampness. Mold is a fungus; there are thousands of different species of molds. Only a few hundred species are common in residential structures, and only a handful of those are harmful or allergenic for humans.
Appraisers in real estate are not expected to know particularly which type of mold is growing in the house under consideration or whether it is harmful or not. Similarly, they are no expected to take care of the mold itself, rather they just have of identify it and get it reported.
Moreover, one cannot differentiate between a harmful or innocuous mold type just by looking at the color, you will need to be an expert to do that. As an appraiser, when you encounter a mold-like substance, you should note its existence and take photographs. Depending upon the intended use of the appraisal, the client may want to have testing done.
Mold if visible can be taken care of but what if you don’t see any, yet you smell something musty in the dwelling? This makes for a high chance that there is MOLD in the house.
2. Chinese drywall
In the early 2000s, certain types of drywalls were imported from China for their use in the real estate. These drywalls installed in many homes across US by their exoticness and strength, have been identified to contain hazardous materials, including sulfur. Under certain conditions, this drywall will emit sulfur gases, which can cause health problems for building occupants. These gases have also been found to corrode copper and metal surfaces, including appliances, wiring, and air conditioners.
As an appraiser, you might look out for them as they are really easily identified because of the Chinese markings on the back. You must look for a smell like “rotten eggs” is the building to be sure that there is sulfur present in the house.
3. Asbestos
Asbestos was used majorly in the US real estate during 1920s to 1970s. It is a naturally-occurring mineral that consists of thin fibrous crystals. It was widely used as an insulator and in making tiles.
Soon, it was discovered that, asbestos-containing materials (ACMs) were identified of containing cancer causing elements which were considered harmful for human life.
What does this have to do with you, the appraiser? Like other environmental hazards, you are not responsible for testing or identifying asbestos. For example, floor tile that contains asbestos looks just like floor that does not contain asbestos. The same thing can be said for shingle siding; some types contain fiberglass instead of asbestos. However, they cannot be told apart without testing.
4. Lead paint
Do you happen to know someone whose house was built before the 70s? if yes, you need to tell them that the paint they used in their house probably contained lead. Lead is not harmful if in good condition. But when the weather gets too much to handle for the paint and it gets to loosen up by peeling, chipping, cracking, etc. it starts getting dangerous. When you see chipping or peeling paint, can you tell simply by looking at it whether or not it is lead-based? No. It would need to be tested to make a definitive determination.
As an appraiser, you need to identify the paint in the house. You can as the landlord about the date when the house was built or the real estate contractor about the type of paint used. You need to identify the signs of chipping and cracking.
5. Pesticides
Pests can be trouble! They cam be taken care of, once identified, by the company but what if the pesticides they used on the pests left a lasting effect on the house? Pesticides can both be am indoor and an outdoor hazard.
As an appraiser in real estate, you need to make sure that whether the house was ever infested by pests or rodents and whether proper procedures were followed during their removal. While not an “indoor” hazard, pesticide use around your home can impact health. Maintain your yard and garden to naturally deter pests instead of using pesticides when possible; store firewood away from the home to avoid wood-destroying insects; and follow instructions and where appropriate PPE when using pesticides.
So overall, one must be aware of the hazards discoed above which included Mold, Chinese drywall, asbestos, lead paint, and pesticides. These are just a handful of the environmental hazards you might run into when completing an appraisal inspection.
Top Five Myths about Commercial Real Estate Auctions
Are you thinking of buying a commercial real estate property at an auction? Well, you may be wondering whether it is safe or not. Whether you’re a newbie or seasoned in the real estate investment market, you’ve probably heard some preconceptions about commercial real estate auctions. With such horrifying stories in mind, it may seem too risky to invest in commercial properties. However, the fact is that there’s no commercial investment that is totally risk-free. Most of the preconceptions real estate investors talk about commercial real estate auctions are actually false or maybe partially true.