FOR decades, the federal government has subsidized housing — particularly owner-occupied housing. This has been especially true during the continuing financial crisis, with Fannie Mae, Freddie Mac and the Federal Housing Administration propping up the housing market by issuing guarantees for investors on most new mortgages.
via NYTimes.com.
Though potentially profitable, apartment investing is full of hazard.
Here are some guidelines offered to first-time investors by veteran apartment owners:
via latimes.com.
“But, as government here begins to implement things like the rental registration, it is only going to further suppress having investors that want to put in money and want to help. That is going to suppress that here and they are not going to want to come.”
via Niagara Gazette
But before deciding to become a landlord, ask yourself whether you have the time, temperament and skills to manage from a distance. You’ll be dealing with clogged toilets, jammed garbage disposals, spills on carpets, cleaners and handymen. (A good rule of thumb: Budget between 1% and 2% of your home’s value to maintenance, depending on its age and condition.) You’ll also have extra costs for utilities, marketing, screening tenants and perhaps a local property manager.
via WSJ.com.
Is landlording the way to go if you are starting into real estate investing today?
Home prices are falling, rents are tumbling, and apartment vacancies are rising. So why are thousands of small investors becoming landlords?
via WSJ.com.
This is final article of a three-part series on how he stumbled into real estate investing at age 23. Be sure to read part one and part two.
via Read More.
Bakersfield landlord said people moved into his rental home without his permission after paying the deposit with a bad check. That started a much bigger case that ended with the arrests.
via Bakersfield Now
