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 Rich and Famous, it might seem like many of the shows' "stars" have plenty of time to play golf, ride around in their yachts, and sip pina coladas by the pool. One reason for this is because many of those who are wealthy have discovered that [...]
If you're just starting out in your real estate investment career - or even if you've been at it for some time - there's good news if Orlando is where you hold the bulk of your rental property. That's because even though the demand for single family homes in the state of Florida have been [...]
If you're a retiree - or you are quickly approaching that point in your life - then you may be seeking ways of boosting your retirement income and / or wanting to get into an additional investment genre in order to help increase your asset base. One of the ways you might be thinking of [...]
Although there are countless investors who own rental property - and who are also making good money "on the side" - there are some who may be wondering how to take this part-time endeavor and turn it into a full-time career. The good news is that being a full-time real estate investor can be profitable. [...]
If you're already familiar with the investment property market in Florida, then you may be well aware that the Sunshine State can provide numerous benefits when it comes to buying rental real estate. For example, this southeastern locale has maintained steady population growth throughout the years, in part due to its year-round temperate climate, and [...]
If you're thinking about starting or expanding your property portfolio in sunny Florida, you may be asking which is the better type of investment to purchase: condo or single family home? The answer here is, it depends. Just like with any other type of real estate investment opportunity, your ideal match will depend on several [...]
In every real estate investor's life, there comes a time when you may consider selling some or all of your properties. But, if you have tenants who are currently residing in a property that you're hoping to put up for sale, should you - or by law, can you - move forward with the deal [...]
As someone who has likely purchased and sold a few properties over the years, it is likely that you've heard the famous phrase that states, "The three most important items in real estate are location, location, and location." But while this is typically a crucial factor when searching for a primary residence, does it really [...]
Even if you are just starting out in the rental real estate business, this endeavor can - and typically does - take up a great deal of time, even after you've found, purchased, and prepared your property for a new tenant. Depending on the type of property you own, as well as the agreement you [...]
If you've ever sold a primary residence and used a real estate agent to help you get the deal done, then it is likely that you paid somewhere in the neighborhood of 5 to 7 percent for the agent's commission. Although that may seem high, there is a long list of services that the agent [...]
If you've been considering selling your real estate investment(s), you may be wondering when the best time would be to do so. For instance, you might be asking if you should hold on to the property until the mortgage is paid off, the real estate market comes up further, you can no longer depreciate the [...]
Owning investment property can be a great way to generate additional income - or even to make a full-time living. But before diving in, it is important to know just how much investment property you are able to purchase. There are several different financial "components" to take into consideration when you are determining what you [...]
We've all likely seen those late night infomercials that excitedly report how you can make a full-time living with real estate investing while sitting at your kitchen table in your bathrobe - if only you follow the presenter's "secret." This, however, can actually be a recipe for losing your shirt. The reality is that there [...]
When it comes to purchasing rental property, oftentimes one of the hardest parts of the transaction is coming up with the funds that you need. This is particularly the case if you own (or plan to own) multiple properties. While many investors will turn to various creative financing strategies, most overlook a source that could [...]
Regardless of whether you plan to flip property or keep it for ongoing cash flow, the key to making good real estate investments will typically involve buying property that is listed below its market value, making some minor renovations, and then putting it back on the market for sale or for lease. One of the [...]
As we enter into another new year, you may be wondering whether or not 2017 will be a good year for owning investment property - or possibly even for purchasing additional units for your real estate investment portfolio. Certainly, when a property is purchased under favorable conditions and requires little in terms of repairs, investing [...]
Supplementing Your Retirement Income with Rental Property - Photo from InvestmentZen Images It is no secret that today, people are living longer than ever before. But, while this can be positive for many reasons, it also means that our savings and retirement income will also be stretched out for longer, as well. Over [...]
