How to Buy a Home in Another State – A Detailed Guide for You

consider before moving

Did you know that 25 percent of homebuyers are now venturing beyond state lines to find their dream house? The once-unthinkable notion of buying a home in another state has become a trend reshaping how we envision homeownership. If you’re contemplating this daring leap, you’re not alone! In this comprehensive guide, we’ll explore long-distance home buying, transforming what might seem like a daunting task into an exciting and achievable adventure. Let’s dive in! 1. Research, Research, and Research Every state, city, and neighborhood has its unique personality. Start by diving deep into online forums, social media groups, and local news outlets to get a sense of the community you’re considering.  What are the locals saying about their daily lives? Are … Read more

How to Finance an Investment Property

real estate

Real estate is a perfect option for anyone thinking of building wealth or getting passive income. As population figures rise, the demand for residential properties and commercial spaces is increasing. For your property investment mission to materialize, figure out your finances. Consider all the possible options and the perks of each. This article will discuss the most effective methods to finance your investment property. Real Estate Crowdfunding This modern approach makes accessing a pool of funds for property acquisition needs effortless. It also comes with relatively lower entry costs, making it more convenient. Consider researching crowdfunding platforms thoroughly to arrive at the most reliable one. Whether you go for Fundrise or RealtyMogule, choose one that is transparent and well-established. Look … Read more

How to Generate More Cash and More Wealth through Real Estate Investing

replace your income

The following is a guest post by Brian T. Boyd, Esq., the author of Replace Your Income: A Lawyer’s Guide to Finding, Funding, and Managing Real Estate Investments. If you’d like to submit a guest post to Money Q&A, be sure to check out our guest posting guidelines. Over the last few years, Americans are sitting on a historic level of home equity. Meanwhile, the stock market is in turmoil, inflation is at a 40-year high, and interest rates continue to rise. Americans are worried about their retirement, their quality of life, and whether they will have enough to be financially independent after doing all the “right things.” To those people, I suggest they look into real estate investing. Real … Read more

The Pros and Cons of Never Buying a Home

house for rent

As you’ve probably noticed, the housing market has experienced unprecedented sales opportunities over the past several months. It’s gotten to the point where many would-be buyers cannot keep up with the frenetic pace of bidding wars that often lead to homes selling for 10-30% or more over the asking price. But is it ever right to never buying a home? The hot market is likely the culmination of several factors, including ultra-low interest rates, higher-income workers saving a lot more money over the pandemic by staying home most of the time, and a significant shift in consumer lifestyle preferences from chic urban apartments to bigger homes in the less-populous suburbs. Why Never Buying a Home May Be Okay If you had … Read more

Review of RealtyMogul – How to Start Investing in Commercial Real Estate

RealtyMogul

Are you looking to diversify your investment portfolio? Have you wanted to invest in real estate, but you don’t know where or how to start? Then RealtyMogul might be the site for you. RealtyMogul is an online platform designed to give investors direct access to commercial real estate investments, allowing them to diversify their portfolios and generate strong returns on capital. With RealtyMogul’s user-friendly website and comprehensive resources, you can invest in real estate with confidence, knowing that there’s a dedicated team working hard every day to bring you high-quality deals across the country. With RealtyMogul, you can invest in commercial real estate deals that are vetted by a team of experts. You’ll have access to high-quality properties and the … Read more

Pros and Cons of Putting Less Than 20% Down Payment on a House

Why I Don't Mind Losing Money as a Landlord

For decades, 20% has been the golden standard for down payments on a home, but is that still the case today? With more and more Millennial consumers entering the housing market – many of them already averaging $27,000 in non-mortgage debt – lenders have increasingly offered favorable options to help individuals and families achieve their homeownership dreams without requiring the full 20% down payment beforehand. After all, a 2020 report from the National Association of Realtors found that a whopping 30% of 22-29 year-old homebuyers agreed that “saving for a down payment” was the hardest part of the home-buying process (20% of 30-39 year-olds agreed with this statement as well). Of those survey respondents, 59% of the 22-29 year-olds and … Read more