Rental property investing and real estate buying, selling, managing... is what we do. This site is our way of sharing insider tips, helpful content and information on market trends, Florida Landlord Tenant issues and best practices, best tips to sell and buy real estate, helpful products and services, ways to make money in real estate, and so much more. Whether you are an investor, home owner, renter, or just thinking about buying your first home... we post as much helpful content as we can every day.
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When done right, real estate and rental property investing has the potential to change your future. Whether you are a risk-taker, or just want to secure a home to call your own... information is your key to success. A great website to monitor mortgage rates and trends, and watch for lowest rates is Mortgage News Daily.
One of the biggest factors that directly affects real estate (both selling/buying, and renting) is interest rates.
Whether you are an owner now, or looking to invest in the future, pay attention to the economy (current and future) and interest rates.
In 2017, the Federal Reserve has warned of at least three separate interest rate increases. This directly affects whether buyers come into the market to buy, and if sellers hurry to sell. Also affected is the rental market, with all the tons of potential buyers choosing to rent over owning, either because they can't get a mortgage or can't afford to buy.
Currently? We're still seeing historically low interest rates! Hurray!! It's great news for buyers and those that would benefit from refinancing real estate and rentals. Just don't make the mistake of believing these low rates will last forever.
Imagine if you purchased a house, condo, townhouse, or warehouse fifteen years ago. You'd probably be more than halfway through paying it off and owning it free and clear! Unless you refinanced and took out some equity (borrowed some of the value as it grew) to invest in another property [in which case you've employed a great strategy and now own more than one property!]. If you were patient and rode the waves... you'd now probably have a great amount of equity built up, and it would continue to grow.
Sure, you had to live through some stressful times like the market crash of 2008, watching your property value plummet. Scary times for many! But guess what? In 2017, we're just about back to pre-crash levels (in most places).
With interest rates so low... you could have your real estate and rental property investing projects paid off completely in 15 short years! Imagine! Retire, travel, move somewhere amazing. You'll have options! Keep the property and owe very little or nothing, rent it out for extra income, or sell it and make a bunch of money. You'd have so many options, because you invested in real estate and patiently rode the waves.
Thinking about buying a property, investing in real estate to make rental income, or want to learn how to maximize what you already own? This site is filled with all kinds of real estate related topics, information and experiences that can help... everything from curb appeal and home staging to help sell or rent your property quicker and for top dollar.
Ever had bad tenants or want to avoid them? Read about bad tenant experiences. Learn ways to avoid them in your rental property, or best practices on handling them if you're stuck.
Whether you're a buyer who wants to invest in a property while interest rates are still very low, an owner thinking of selling, a landlord who needs some help, or a tenant looking to move... make sure you seek out good, solid expertise. It will save you from many headaches, sleepless nights, and most likely save you lots of money.
Either they jumped into the frenzy without all the information they needed, or they listened to some bad advice. Real estate is a gamble. And it needs to be handled carefully and strategically.
Failing to do the right research when rental property investing, not preparing properly, heading into or handling an investment without a careful plan and lots of knowledge... puts you at risk. Run into problems, and you could be trying to fix your credit score for years to come.
Your access to loans for cars, credit cards, education, or the ability to purchase another property could be very, very limited.
As with all things in life, in real estate there are always ups and downs. But by arming yourself with plenty of knowledge, and playing a strategic long game... you CAN win and come out way ahead.
If you are new to rental property investing, need to become a landlord because you aren't able to sell right now, or you tried flipping and got stuck with a property you aren't able to sell... it's crucial that you take the time to learn the ins and outs of landlording, all the potential pitfalls, and equip yourself with the knowledge (and professional help) to set up and run everything legally and SMARTLY!
For instance, how much will you charge for security deposits? Will that amount cover potential damage or eviction costs? And what about maintenance: will your tenants be responsible for the yard or paying all utilities, and how will you enforce it without costing yourself extra money? Who will prepare your lease, and will that lease be tailored to your property and needs? What about bookkeeping of all the expenses and income, and 1099 tax prep needed? While it's all definitely doable by anyone... it takes a lot of research and education to make sure you set everything up for success. It's VERY easy to lose money in the real estate/rentals niche. And what if you DO have losses? Are you documenting them to be able to take the right losses on your tax returns? Real estate losses can, in some circumstances, SAVE you money!
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