Have you ever considered buying a home strictly for use as a rental property? If you haven’t, this may be a good time to start.
Consider this
In all likelihood, it will be a good investment for your future, but there are some things to think about
Jul 16
So, if renters aren’t all rushing to buy homes, where are they going? More families wound up in shelters, the report said. But many others are moving back in with family or shacking up with friends to save on rent, the report suggests.
via StarTribune.com.
Jul 15
After getting the offer accepted, we received the association docs. Needless to say that I was dragging my feet on reading this 117 page document over the weekend. My customer, being an attorney, dove right in. Deep within the document were the “rental rules”, which went on to say that a unit in that association may only be rented if the owner lived in the unit for at least 1 year prior to renting it. [Insert gnashing of teeth by me, here].
Jul 15
did not lose my mind nor am I trying to sound like I’m talking in circles. Something called Complexity Theory is a known commodity and actually works. Hence, simplification through complexity. The below explanation of complexity theory was borrowed from an article at American Thinker.
via Bigger Pockets.
Jul 13
Aside from the fact that you can get a close up view of the property itself, when using Street View, you can also get a pretty good feel for the neighborhood where the property is located. While nothing can take the place of actually going to check out the neighborhood yourself, Street View is definitely the next best thing!
Jul 12
The classic real estate investing model is buy a bunch of houses, rent them out and in 30 years the mortgages will be paid off, the properties will have at least doubled in value, the rents will be twice what they were when you started … with no loan payment.
via The Wealthy Review.
Jul 11
Here to help is an easy to read foreclosure process timeline. It will help novice investors understand the different methods used to purchase short sale, pre-foreclosures and foreclosed properties.
via Foreclosure Timeline.
Jul 02
Some of the savviest investors on Wall Street, including some who made billions on the housing bust, now are snapping up barren plots of land in places like Las Vegas and Phoenix.
via WSJ.com.
