As the owner of residential real estate, one of your worst fears is having a unit or property sit empty for an extended length of time. That’s because you are not only losing an income stream, but you may also be paying carrying costs such as the monthly mortgage payment, utilities, and insurance. But in [...]
If you’re a Florida investment property owner and you’re preparing to file your taxes for 2020, it is important to know where you may be able to get some relief in the form of deductions and/or tax credits. Before moving forward, though, you must first consider what type of investor you are. For example, if [...]
One of the biggest reasons that investors purchase rental property is for the ongoing income stream it can provide. Oftentimes, the amount of monthly rent that can be charged is based on the size of the property and the amenities it offers (such as furnishings, laundry facilities, etc.) But location also has a lot [...]
With life expectancy being longer today, it is not uncommon for people to spend 20 or more years in retirement – with much of that time being active and pursuing new opportunities. But if you’re receiving Social Security retirement benefits prior to reaching your “full retirement age,” other income streams could trigger taxes on [...]
If you’re looking for ways to make your rental property stand out – as well as strategies for charging higher monthly rent – you may have considered offering furnished units. But, while doing so could be more enticing for potential tenants, it may or may not necessarily be the best or most cost-effective way to [...]
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 [...]
The Coronavirus pandemic has brought about numerous changes. One of these is record low mortgage rates – and because of that, the U.S. housing market has been on the rise. In fact, as of mid-August (2020), sales of existing homes jumped by roughly 30%, following a three-month slump, and leading to a seller’s market. Housing [...]
The COVID-19 virus has affected the way we work, shop, and learn - and even the way we live – not just in the U.S., but around the globe. Yet, there are many people who might still be in transition now and require a new place to call home. With that in mind, is now [...]
Although rental property can provide you with a steady – and passive – income stream, there may come a time that you decide to sell, move on and pursue other investment opportunities, or even to just simplify your life. But before you put up the For Sale sign, it is important to determine whether or [...]
While there are some investors (namely those who are heavily invested in the stock market) who might cringe at the thought of rising interest rates, there are others who may welcome rate increases with open arms – primarily those who own residential rental property. Why is this the case? One reason is because when interest [...]
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 been considering the expansion of your investment property empire, it is possible that you’ve thought about the purchase of a duplex, a 4-plex, or even a larger multi-family apartment building. There a several reasons why multi-family properties could provide you with added benefits – starting with the ability to attain several income streams [...]
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 [...]
If you’ve been tossing around the idea of purchasing (or purchasing more) rental property in Florida, 2019 could very well be your year to do so. That’s because, as a whole, this year is anticipated to be a strong time for the Sunshine State real estate market. One of the biggest reasons for that is [...]
While buying and renting property can certainly have a “fun” aspect to it, the majority of rental property owners have a primary goal for their investments – and that is to earn an ongoing stream of income. So, how much income can you realistically anticipate? The answer to that can depend. In fact, the dollar [...]
Over the past ten years or so, since the U.S.’s great recession of 2008, the housing market in Central Florida – which was hit extremely hard – has come back quite nicely. In fact, according to Zillow, the current Orlando median home value of $230,000 marks an increase of roughly 8.6% over last year – [...]
Although it is important not to fall for any and all financial-related “opportunities” – take, for instance, “getting rich while sitting in your underwear at your kitchen table” – there are also some instances where unfounded myths could actually be holding your back from generating a nice side, or even full-time, income stream. One such [...]
If you’ve been sitting on the sidelines long enough, and you want to jump into the potentially lucrative field of rental property, now could be a perfect time to do so. But, before you dive headlong into the process, there are some important tips you need to keep in mind. Otherwise, it could cost you [...]
If you’ve been thinking about taking the plunge into real estate investing, then Florida – and Orlando in particular – could provide you with numerous benefits. In fact, according to a recent survey by Forbes (1), O-town was ranked as the third best U.S. location for investing in real estate. There are several key reasons [...]
Although the primary goal of most rental property investors is attaining a regular income stream, ensuring that you build equity in your real estate investments is also key - and the good news is that you don't necessarily have to pour a lot of money into your units in order to increase their value. This [...]
If you’re considering investing in Central Florida rental properties – or if you already have – the outlook going forward is positive. According to realtor.com’s 2018 National Housing Forecast, the Orlando Kissimmee Sanford area is ranked as number 17 on its Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales & Price Growth report.(1) [...]
For many rental property owners, the key goal for purchasing properties is to receive a steady, ongoing income from the tenants. But, just like any other type of investment, knowing whether or not your property is growing in value is also key. Unlike the price of a stock or mutual fund, ascertaining the approximate value [...]
Although it’s been said that the three most important criteria in real estate are location, location, location, if you are in the process of evaluating a rental property to purchase, there are actually a few more key items that you need to keep in mind – particularly if you want to turn a profit right [...]
If you've ever watched shows like Lives of the