Rental property insurance protects landlords against liabilities caused by tenants, other perils caused by weather damage and other potential losses like crime. Most national insurance providers offer rental property insurance to help protect your rental income. Typically, an average policy on a $200,000 rental property costs $1,473 to $1,596 per year. Rental Property Insurance Providers…
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Top 25 Mistakes in Commercial Real Estate Investing
Buying a property for your small business can be a great investment. However, just like any form of investment, commercial real estate comes with some risks. Those risks increase if you don’t know the common pitfalls to avoid. We spoke with the experts to find out the common mistakes most business owners make in commercial…
How to Evict a Tenant in 5 Steps + a Free Eviction Checklist
Knowing how to evict a tenant starts with understanding the law and knowing when and how to send the right eviction notice. You can evict your tenant yourself or you can hire legal assistance, but that will cost $2,500 – $5,000. The most important part is making sure you complete the entire process legally. If…
Portfolio Loans: Rates, Terms, Qualifications & Where to Find
A portfolio loan is a loan used to finance properties with one to five or more units in good or poor condition or to purchase multiple properties at one time. Portfolio loans are generally used by investors to purchase residential real estate. There are four types of portfolio loans and rates generally start around 3.25%….
Buying a Multifamily Home Investment Property in 6 Steps
Buying a multifamily home of two or more units is different than buying a single-family home because it’s an investment and you need a loan specifically designed for a multifamily property. Buying a multifamily home takes six steps, such as researching the neighborhood and choosing your lender, and the entire process can be completed in…
Cash-out Refinance for Investors: Rates, Terms & Lenders
A cash-out refinance occurs when investors take out a new loan on an existing property to extract equity from that property. Cash-out refinances happen when investors refinance for more than the current mortgage and receive the difference in cash. Cash-out refinances require at least 30 percent to 40 percent equity and have rates around 3.25 percent….
Top 25 Tips on How to Avoid Being a Bad Neighbor as a Landlord
If you’re a landlord, you know how important it is to keep your neighbors happy when renting your property to tenants because disgruntled neighbors can impact both your time and money as a landlord. We spoke with the industry experts who shared useful tips for landlords and tenants on how to avoid being a bad…
Top 25 Home Remodeling Ideas to Attract Renters From the Pros
The look, feel and functionality of your property goes a long way to attracting quality long-term renters who will stick around for years. This makes your home renovations key when trying to attract renters. We spoke with industry experts and found the best home remodeling ideas to make your property look more appealing to prospective…
25 Warning Signs You Hired a Bad Contractor
If you’re a real estate investor, you know that working with the right contractor is crucial to your profitability and success. Working with the wrong one will not only waste your time and money, but can put your entire project at risk. We spoke with industry pros to determine the top warning signs that you…
Investment Mortgage Interest Rates: Current Rates & How they Work
Investment mortgage interest rates currently range from 4.75% to 13%, depending on loan type and borrower qualifications. For shorter mortgages like hard money loans with terms up to 3 years, rates range from 7.5-13%. For permanent mortgages like FHA loans with terms up to 30 years, rates range from 4.75 – 5.2% or more. Average…
Best Hard Money Lenders 2018
Hard money lenders offer short-term loans to purchase and renovate properties. With more than 600 hard money lenders in the U.S., it’s hard to find a reputable lender that’s right for you. To help, we looked at a range of hard money lenders and compared the top six below, including their rates, terms, and qualifications….
Top 25 Tips for Selling a Rental Property From the Pros
There are many reasons why long-term real estate investors sell a rental property. Unfortunately, selling a rental property can be just as challenging as managing it, such as knowing the tax on sale of rental property. To help, we spoke with the industry experts on the best ways to sell a rental property for a…
