Real estate investors use multifamily financing to purchase or refinance both smaller multiunit properties with two-to-four units and large apartment buildings with five or more units. Multifamily loans are great for both first-time investors and seasoned professionals. Rates are generally between 4.5% to 12% with terms up to 35 years. If you’re looking for a…
Rentec Direct vs Buildium: Price, Features & What’s Best in 2020
Rentec Direct and Buildium are both cloud-based property management platforms that help landlords and property managers conveniently organize and manage multiple rentals. Both programs are affordable, offer great value, integrate with banking and accounting programs, and provide access to multiple user accounts, streamlining property management in one convenient space. When to Use Rentec Direct Rentec…
Where to Get Investment Property Loans for Rental Property
If you’re shopping for an investment property loan, you can find one through online mortgage providers, investor-only lenders, and national banks. Loan amounts typically range from $45,000 to more than $2 million, but any lender will probably require you make a 20% minimum down payment. If you’d like to go the online route, is great…
Fix & Flip Loans: The 5 Best Fix & Flip Financing Options
Fix-and-flip loans are used by short-term real estate investors to purchase and renovate a property before flipping it for a profit. This type of funding for flipping houses offers investors fast closings for properties in any condition. The most popular type of fix-and-flip loans are hard money loans. Types of Fix & Flip Loans The…
How to Manage Rental Properties in 8 Steps
Knowing how to manage rental properties is critical to your success and depends on your available time, budget, and skills. The key to your success is learning the steps involved in managing rental properties, including buying a rental property, finding qualified tenants, managing maintenance and repairs, and managing rental property finances. If you want help…
Rental Property Maintenance Checklist [+ Free Checklist Download]
Landlords use a rental property maintenance checklist to maintain their rental properties. They need to know what is involved in routine, seasonal, and preventative maintenance, schedule and perform tasks, and outsource to vendors what they’re unable to do themselves. A rental property maintenance checklist helps to streamline this process. Free Rental Property Maintenance Checklist Our…
31 Tips for Buying Your First Rental Property From the Pros
Buying rental property is a significant investment and can be a lucrative one. However, take it from the professionals that you’ll need to take some precautions. Do your research, take your time, and read the tips we have provided from nationwide pros in the real estate industry on buying your first rental property. Here are…
Owner Financing: The Ultimate Guide to Seller Financing
Owner financing is an arrangement in which the seller agrees to accept installment payments directly from the buyer rather than having the buyer obtain a loan from a bank. Owner financing—sometimes referred to as seller financing—often provides buyers with easier qualification and more flexible repayment terms than a traditional mortgage while providing sellers with monthly…
Mortgage Amortization Calculator With Schedule
A mortgage amortization calculator and schedule helps borrowers determine how much their monthly loan payment will be. The amortization schedule shows both the principal and interest borrowers pay each month over the loan term. The calculator uses inputs like how much you paid for the property, your down payment and the length of the loan…
Propertyware vs Buildium: Price, Features & What’s Best in 2019
Choosing between Propertyware vs Buildium for managing rental property depends on the number of units property managers or investors manage. Propertyware is better for property management companies with at least 250 units. Buildium is good for investors and property managers handling any size portfolio. Both offer a free 2-week trial and a free demo. When…
What Is EBITDA: Formula, Definition, and History
Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a measure of a company’s revenue before accounting for deductions related to interest expense, taxes, depreciation, and amortization. It is a method of determining the health and value of a business that discounts how the business is financed as well as accounting and tax strategies. What…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are typically the fastest route to financing rehabs or property flips. Hard money loans are usually approved based on the property’s value rather than the buyer’s qualifications. However, hard money is often more expensive than traditional financing. Our hard money loan calculator will help you determine how much hard money might cost….