Being an excellent landlord doesn’t mean you’re exempt from getting a few bad tenants. Screening tenants at the beginning of any lease is a good way to mitigate future risk, but it still doesn’t account for the unpredictability of some of them. In any case, as a landlord, you need to have a firm understanding for when it’s legal to evict a tenant, as well as the lease termination process. Even if you’re a great landlord, you’ll probably have to go through the eviction process at least once in your career. Whether a tenant is disturbing other tenants, struggling to pay rent, or damaging your rental property, it’s important to know the legalities behind lease termination and evicting a tenant to avoid a further headache.
Read MoreSometimes the middle of nowhere is right where you want your real estate investment. Small towns and populations might scare some people away, but they’re pretty good at not scaring your money away.
Read MoreThe “curb appeal” of a home is a reference to how attractive and welcoming a home looks to a person driving by the property. A freshly painted Cape Cod style home with a brand new garage door, a fancy front door, and new windows can look quite appealing to neighbors and buyers.
Read MoreToday, indoor pollution can far exceed outdoor environmental pollution for homeowners and tenants alike, due to exposure to mold, mycotoxins, and other forms of fungi.
Read MoreWhere are the best locations to invest in real estate? If you have enough experience investing in real estate, you can make money almost anywhere. But there are always places that are better or worse for real estate investing. For maximum profits, you want places that have a better demand/supply ratio. You can use the questions below to find them…
Read MoreThe best real estate investors are the people you see wearing shorts in the winter and ski parkas in the summer. You look at their decisions and think, “Are they crazy?”
Read MoreInvestors, homeowners, or real estate agents – basically anyone trying to flip or resale to new buyers, usually prefer to sell the properties as quickly as possible at the highest price. Prompt sales can lead to exceptional profits (in most deals) as well as very happy sellers and agents.
Read MoreReal estate is one of the more popular investment choices for self-directed IRA account holders. Investors can translate pre-existing knowledge of the real estate market to their IRA’s investment strategy.
Read MoreThe housing markets across the U.S. have wildly fluctuated from peak-price highs near 2005, 2006, 2007, or 2008 to peak lows reached in 2009, 2010, 2011, or in more recent years–depending upon region.
Read MoreWe’ve seen an increase in the number of Millennials (those born after 1980) investing in real estate. This has some of us wondering, why and how? It also has many of us exploring the channels that enable Millennials to invest and the new resulting opportunities for all players in the real estate industry.
Read MoreWe’ve seen plenty of negative economic data, statistics, and other financial stories: Troubling unemployment numbers, government debt, a weakening dollar’s purchasing power, rising inflation, and asset valuation trends.
Read MoreIt seems like everywhere we turn, we are hearing about a new app or new website. The latest advances in technology have given birth to a flock of web-based startups, simplifying processes and saving time. Almost every industry has had a startup provide online-based solutions and services including the health, retail, and financial industry. The real estate industry is finally catching up with innovation and there are now several startups offering diverse services making real estate easier and contributing to one of the leading industries in the world.
Read MoreWhat do you want to accomplish over the phone? The goal of the first phone call is not to negotiate a deal. A lot of people try to do that on the first call, and it’s a big mistake. In this short video, real estate investor and attorney, William Bronchick, explains the two things you need to get from the first phone call and why.
Read MoreThis omnibus bill eases 35-year-old restrictions on foreign investment in U.S. real estate by eliminating a crucial roadblock in the Foreign Investment in Real Property Tax Act (FIRPTA), and is expected to increase the amount of foreign money flowing into U.S. real estate investment trusts (REITs). Essentially, a REIT differs from a standard U.S. corporation in that it is required to annually distribute 90 percent of its taxable income (excluding capital gains) to its shareholders. For this reason, REITs have continued to be an extremely tempting investment option for foreigners, despite the impact of the financial crisis of 2008 on U.S. real estate markets. Foreign entities poured a record amount into the American real estate market in 2015, totaling close to $78 billion. Investors continue to be lured to the United States by the relative stability of the American economy and by the volatility of Asian markets, particularly the crisis currently besetting the Chinese stock market.
Read MoreI am always surprised how utterly uninformed the general public is about real estate investing and what it means to be a real estate investor.
Read MoreThere may never be a better time for real estate investors to use creative seller financing strategies… and here’s why:
Read MoreOwning a home has always been a part of the American Dream, and the same has been depicted in the latest Trulia report, Housing in 2016: Hesitant Households, Costly Coasts, and the Bargain Belt, with 75% of the all U.S. adults making it a part of their personal American Dream.
Read MoreIn this short video, real estate investor and attorney, William Bronchick, explains seven different ways you can profit from a real estate foreclosure, plus a Bonus Tip: Where to get a state-by-state guide to the foreclosure process and timeline.
Read MoreMany real estate investors today are looking for ongoing income, especially as they grow closer to retirement age. One of the best types of income-producing investments is the smaller apartment building.
Read MoreWholesaling is a simple concept, yet many investors don’t succeed because they fail to educate themselves enough to pull one off.
Read MoreU.S. home sales slowed in November 2015 – partly as a result of the new TRID paperwork traffic gridlock, which reduced the number of closings (somewhat akin to a car driver slamming on their brakes at a busy intersection).
Read MoreIf you dream of immediate retirement, this is your year. The good life stands ready and waiting for you to claim it. If you’re motivated, there’s no good reason why you can’t self-educate and retire within the next 12 months, no matter how much money you have right now.
Read MoreReal estate was on a fairly smooth ride for the majority of 2015, despite warnings that another housing bubble is imminent. With the arrival of 2016, it’s a good time to take a look at where the market is headed over the next twelve months. Here are some of the trends we can expect to see unfold.
Read MoreAre you prepared for a successful year ahead? If you don’t define your own plan, you’ll have to settle for someone else’s plan, and I don’t want that to happen to you this coming year. So, what is the magic pixie dust that successful investors have found that makes it so easy for them? I have some news for you: There is no magic pixie dust, and there is no get rich quick button. Success comes from commitment to small steps, repeated each and every day of the year.
Read MoreBuying, rehabbing, and flipping houses is capital intensive and can be risky when done wrong. It’s like real estate day trading in that you plan to buy a house, rehab it, and resell it immediately. Buy the wrong house for the wrong price, have the wrong team of contractors, finance it the wrong way, or miss something on your comps, and your flip can quickly become a financial flop. On the other hand, if you do everything right… you can create a very big payday for yourself! Here are 3 specific ways to mange your capital and save big when rehabbing houses.
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