Real Estate is a great way to create passive income and other benefits such as capital appreciation and tax benefits. Real Estate investing is typically divided into the following major categories: Examples of each category are shown in the diagram below Primary Residence Owning your home is the most common and well-known real estate investment.… Continue reading What are the Basic Types of Real Estate Investments
Month: February 2021
How to Get Started with AirBnB
Thousands of entrepreneurs earn passive income money on Airbnb. Learn how to rent an extra bedroom or an entire home to travelers and earn extra income
How much money can you earn with AirBnb
Some people can cover their mortgage payments with Airbnb others are running a full time business with multiple properties. There is no limit to how much you can earn, it depends how serious you want to take it. In general, your location and the type of space you have is what will determine your income. A luxury condo in Las… Continue reading How much money can you earn with AirBnb
Frequently Asked questions about Airbnb
FAQ What types of properties can I rent? Anything. You can rent out anything from a single room, a basement, to a treehouse or an entire beach house. Can I rent out multiple properties at once? Yes, you list multiple properties provided that you abide by Airbnb’s rules and maintain them. Does the property need… Continue reading Frequently Asked questions about Airbnb
First Time Home Buyers Guide
Are you thinking about buying your first home? We have information that can help! Our First Time Buyers Checklist can help you start and track on your journey to real estate ownership. Overview Owning your home is the most common and well-known real estate investment. You don’t get cash flow from tenants but you make… Continue reading First Time Home Buyers Guide
Plan Your Budget
We all want to own a home. But before you turn your dreams into reality, you must take a careful, objective look at your finances. Ask yourself: Can I really afford a home? Here is the reality. Very few first-time home buyers have the cash reserves to purchase a home outright. You will have to… Continue reading Plan Your Budget
Using A Real Estate Agent
Real estate agent are trained professionals that help you navigate the home buying or selling process. Real Estate Agents are called Different Things Real Estate Agents are generally called realtors . Realtors assisting with buying a home are referred to as Buyers Agents. Those assisting sellers are called Seller Agents. How do Real Estate Agents… Continue reading Using A Real Estate Agent
Open Houses
An open house is “a scheduled time when a house for sale is designated to be available for viewing by potential buyers” according to Investopedia. You and your real estate agent visit an open house to access its features, livability and make a decision to submit an offer. Mistakes most home buyers make Many home buyers… Continue reading Open Houses
Making An Offer
After you’ve decide to make an offer on a property, you must submit an offer letter to purchase the property in writing. Your offer letter is a legally binding document that includes details such as: Buyer information such as your your name and current address Price you’re willing to pay for the home Deadline for… Continue reading Making An Offer
Real Estate Appraisal
Real Estate appraisals are estimate of the properties market value. Appraisals are valuable to buyers as they provide a non-baised assessment of a properties’ value as compared to others in the local area. Appraisals are used to determine the risk of lending money for the purpose for buying a house. Banks use either a sales… Continue reading Real Estate Appraisal
