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…
All Real Estate Investing Articles - Page 12
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 three years, rates range from 7.5% to 13%. For permanent mortgages like Federal Housing Administration (FHA) loans with terms up to 30 years, rates range from 4.75%…
Rental Market Analysis: What It Is & How to Complete One
A rental market analysis (RMA) helps investors assess the rental potential of a specific area. Typically, you figure out the adjusted price per square foot of comps and then multiply by the square feet of properties for sale. If the average rent is higher than the average price of available properties, the rental market is…
Top 25 Reasons Why Businesses Should Buy Instead of Rent
One common dilemma that many small businesses face is whether to buy or rent office space. If you’re facing this choice, it’s important to consider a variety of factors that go into buying or renting a property. In this article, we will explore the different reasons why experts think buying a property is better than…
Section 1031 Exchange: The Ultimate Guide to Like-Kind Exchange
Section 1031 refers to an IRS tax code that allows investors and businesses to reduce their tax liabilities when selling certain property. A 1031 exchange helps defer capital gains taxes by selling your investment property and rolling your capital gains over to purchase a like-kind property. Usually, you have 180 days to purchase the new…
Hard Money Loan Rates, Terms & Where to Find
Hard money loans are short-term, interest-only mortgages used by investors to purchase and rehab distressed properties. These loans have higher rates up to 12% but can fund in 15 days, helping investors compete with all-cash buyers. The loan is paid back within 12 months when the property is flipped or when permanent financing is obtained….
Land Loans: Types, Rates, Terms & Where to Find
Land loans are used to purchase raw land, agricultural property, recreational land, and vacant lots. They differ from traditional property loans because lenders perceive the collateral to be less secure and the loans to be riskier. Lenders will typically ask for higher down payments up to 30% or more and charge higher fees/interest than typical…
How to Buy a House at a Real Estate Auction in 6 Steps
Buying houses at auction is a fast process where undervalued properties are sold to the public through competitive bidding. Auctions are either in person or online and can be advantageous for a fix and flipper and a long-term investor. Most auctions require a 5% to 10% deposit the remainder within 30 to 45 days (if…
Buying a Foreclosed Home: How to Buy a Foreclosure in 5 Steps
A “foreclosure” is the process in which a lending institution tries to recover a portion of the outstanding mortgage balance from a homeowner who has defaulted on their loan. Typically, they do this by selling the property at a foreclosure auction. Buying a foreclosed home offers real estate investors an excellent opportunity to buy low….
Self Directed Solo 401(k) for Real Estate Investing: The Ultimate Guide
Self-directed Solo 401(k)’s, aka checkbook 401(k)’s, are retirement plans for self employed individuals or business owners without any full time employees other than a spouse. A checkbook 401k enables you to invest in real estate via rental property, house flipping, and more, while still receiving the tax advantages of traditional 401(k)’s. What a Solo 401(k)…
FHA Multifamily Loan: Costs, Terms & Where to Find
An FHA multifamily loan is a multifamily mortgage issued by a qualified lender and insured by the Federal Housing Administration (FHA). FHA multifamily loans are used to purchase properties with 5+ units and are subject to FHA loan limits and qualifications. These are different than normal FHA loans and have rates between 3.2 – 4.9%….
How to Create a House Flipping Business Plan with Free Template
A house flipping business plan explains your fix and flip business’ goals and what steps you need to take to make profits. It’s also used by lenders and investors when deciding if they want to finance your fix and flip business. Typical things included in a business plan are your target price range, timeline, repair…