Buying a second home may seem like an extravagance in today's cash-strapped economy, but it can potentially become a secondary source of income. With low home prices and interest rates, this may be an ideal time to become a real estate investor. However, you'll want to conduct your research carefully and keep the following tips in mind before you invest in real estate and sink your money into a rental or holiday property. Invest in Real Estate and Rental Property Look at Different Types of Investments Before you invest in real … [Read more...] about What to Know Before You Invest in a Rental Property
The decision to invest in rental properties has the potential to be enormously lucrative for your portfolio, but it can also be a great challenge if you’re unprepared for the obstacles involved in property investments and upkeep. Not only do you have to scout out qualified tenants and fulfill any requests they have during their lease, but you also have to maintain the property, repair any issues, stay up-to-date on property taxes, and restore it to pristine condition whenever tenants move out. Rental property ownership is further … [Read more...] about Stessa Review – Smart Income and Expense Tracking for Property Owners
If you have a 15 or 30-year mortgage, it may seem like it will take forever to pay off your debt. Thirty years, or even 15 years, is a very long time to continually have to make payments on something even though it is your house. However, there is a trick to the mortgage payment system that allows you to pay off your mortgage even quicker than you expect with little pain out of your pocket. It is called a bi-weekly mortgage. What Is a Bi-Weekly Mortgage? A bi-weekly mortgage is just like it sounds. You make mortgage payments every … [Read more...] about What Is a Bi-Weekly Mortgage Payment?
Real estate is one of the most consistently lucrative investment opportunities available, but for so long, large rental properties and commercial real estate have been limited to accredited investors and/or exclusive investment firms catering to high net worth individuals and groups. Thanks to the expansion of fintech (financial technology) innovations, it appears the exclusivity of commercial real estate investments is going away, in favor of letting everyday investors access the profitable world of big-time real estate investing. For … [Read more...] about Streitwise Review – Easy Real Estate Investing for Investors
When I was in the bank the other day, the teller was telling me about the new rates on a 30 year fixed rate mortgage and how I could save by refinancing my current loan. So, it got me thinking about my mortgage. So, I thought that I would consider refinancing my mortgage. Here are a few things to consider when looking at refinancing and what I look for when refinancing my mortgage. With interest rates on the rise, lock in a low, fixed rate with Figure’s Home Equity Loan Plus today. Refinancing a Mortgage My Current Interest Rate When my wife … [Read more...] about Why I Am Considering Refinancing My Mortgage
Housing costs are astronomical these days, especially for renters who aren’t able to save up for a down payment on a home, or people who relocate too frequently for work to justify buying a home. In order to keep housing costs under control and mitigate homelessness issues, many public policy officials have started implementing stricter regulations on short-term rentals through Airbnb. There have been claims that landlords have evicted long-term tenants in order to cash in on the short-term rental market, which has caused greater … [Read more...] about Should Property Investors be Concerned About Anti-Airbnb Laws and Regulations?