While much has been said about COVID-19 stimulus relief for individuals and businesses – including a moratorium on evictions and rent payments for tenants - not a lot has come to the forefront regarding investment property owners and their ability (or inability) to pay their own bills. That is, until recently. In the waning [...]
With 30-year fixed mortgage rates at an all-time low of 2.71%, many property owners are considering refinancing to take advantage of this “cheap” money. But before you rush into any type of new real estate loan, be sure to read all of the “fine print.” Otherwise, it could end up costing you a lot more [...]
While purchasing a personal residence and an investment property are both considered sizable financial transactions, the way you go about funding them can differ – in some cases, significantly. So, how can you find the right lender for your rental / investment property purchases? Certainly, one option is to check with a bank or other [...]
As an investor in rental real estate, it’s likely that you already know how the financing of new deals can be tricky – particularly if you don’t have an ample amount of cash available to use for a down payment and / or any of the necessary renovations. These obstacles can sometimes be overcome by [...]
If you’ve found an ideal property that can be used as a rental, one of the most difficult components of the purchase process is finding the money to get the deal done. This is particularly the case if you already own other properties and could present a higher financial risk to a more traditional lender. [...]
While owning rental property can be a great way to supplement your income, one of the biggest barriers for many investors (and potential investors) is the actual purchase – particularly as it relates to financing the deal through a traditional bank or lender. That’s because getting a mortgage for rental property can come with a [...]
With interest rates still at or near historical lows, many consumers have taken advantage of the low rate environment and refinanced their homes. In addition to lowering the monthly house payment, there are other possible added advantages of refinancing, too, such as pulling cash out to pay off higher-interest loans. But, while refinancing your residence [...]
Image Courtesy of My Trading Skills As a real estate investor, it could be that your goal is to have numerous rental properties dotted throughout the Orlando area, each generating a nice amount of passive income for you. But, one of the biggest barriers that may be keeping you from moving forward is getting [...]
If you’ve been considering the purchase of a (or another) rental property, a mediocre – or even a low – credit score doesn’t have to stop you from obtaining the financing that you might need. In fact, there are several possibilities for getting around low credit, and still taking advantage of rental real estate. One [...]
Regardless of whether you're buying a property for investment purposes or to call your home, it is likely that you will need at least some amount of financing in order to make the transaction happen. What is your cost of borrowing? But, looking at borrowed capital through the eyes of an investor as versus that [...]
As the Trump presidential administration begins to move forward on many of its campaign promises, there is one in particular that has been of interest to real estate investors. That is the potential repeal of the Dodd-Frank Act. This Act, which was passed back in 2010 as a response to the 2008 U.S. economic recession, [...]
Investing in real estate can be a lucrative venture. You can also make money in a number of different ways with real estate, depending on your particular goals. But getting started in this niche - as well as continuing to purchase property - takes money. For many in this field, continuing to purchase property using [...]
If you’re an aspiring real estate investor, or if you already own property but you are short on cash and you don’t want to miss out on a potentially lucrative future deal, there’s a question that crosses every purchaser’s mind at least once – and that is, should you borrow the down payment? Roughly a [...]
It has been said that you make money when you buy property - and this can be very true. Obtaining real estate for just a fraction of its value is certainly one way to gain immediate equity. But there is also another principle in real estate that can help you in increasing your profits exponentially. [...]
There are some larger commercial real estate investors who seek cash flow and diversification by investing for income with shopping centers. These types of investments can offer regular incoming cash flow. In addition, the property can also appreciate independently of the stock market, which can allow these investors to profit, regardless of market conditions. In [...]
Although interest rates have remained fairly low throughout the past several years, since the economic recession, the days of "fast and easy" mortgage qualifying are long over - and because of this, it can be difficult for investors to obtain the financing that they need on their rental properties. That being said, there are some [...]
When financing investment property, investors may not always be able to use conventional financing. For this reason, investors may oftentimes turn to using hard money loans for financing real estate transactions. Hard money loans are an "asset based" type of mortgage in which a investor will receive funds that are backed by the value of [...]
If you're a first time real estate investor who is eager to purchase a house or condo, there are some steps that you'll need to take prior to seeking the ideal property - and the majority of them are financial related. Finding funding as a first time investor is most likely your initial step to [...]
Real estate investors can attain a very nice incoming cash flow from commercial properties such as office buildings. This is especially the case by getting tenants of office buildings locked into long term leases of at least three years - which is fairly common for this type of commercial property. One of the most popular [...]
One of the greatest things about certain types of investments is purchasing real estate investments with other people's money. With rental real estate this is true because you are able to use money from tenants' rent checks for paying down the mortgages on your properties. Sometimes, people think that they need to be large corporate investors [...]
People often ask me: Should I rent or buy in Orlando? Which is the savvier financial move? While there are many pieces to the puzzle in determining this, many of which will surely be discussed in later blogs, let’s take a ‘basic’ approach for this post. I have ‘basic’ in quotes because, while this is [...]
Generally speaking, it is more difficult to finance a multi-family property than a single-family home, assuming you are using traditional financing (i.e.- a bank or similar commercial lending institution). The main reason for this is due to the relative marketability of a multi-family property, compared to a single-family home. There is a bigger market for [...]