While raw land in itself won’t produce a profit, it can be an excellent strategy for real estate investors seeking a low-competition, low-barrier-to-entry investment option. Overview Up-Front Investment: Purchasing the raw land. Raw land is cheap and you may be able to buy it outright with 100% cash (depending on how much you have to spend).… Continue reading Buying Vacant Land plots
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Multifamily Properties
If you want to bring in more than one paycheck a month, a multifamily property is a great way to do it. Whether it’s a multi-unit home, a small apartment building, or a row of townhomes, there are many ways you can be racking up the profits with just one monthly mortgage bill to pay… Continue reading Multifamily Properties
How to Invest in Farm Land for passive income
Often overlooked by real estate investors, farm land can generating passive, active income, and capital appreciation of decades. Overview Up-Front Investment: Purchasing the farm land. On-Going Investment: Annual property taxes and potentially farming expenses. Return on investment: Depends on the avenue you choose. Best for: Rural areas. How Farm Land Investing Works Are you looking to make some money… Continue reading How to Invest in Farm Land for passive income
Crowdfunding Real Estate
Do you like the thought of a more passive real estate investment strategy? Crowdfunded real estate is one alternative to traditional REITs that’s worth looking into. Overview Up-Front Investment: Minimums vary by platform. Can be as low as $1,000. On-Going Investment: None, unless you choose to continue adding more money to your portfolio. Return on investment: Your money… Continue reading Crowdfunding Real Estate
Commercial Real Estate
Commercial real estate is similar to renting out residential property, except with a few more complications and the potential of being even more lucrative. Overview Up-Front Investment: Purchasing the commercial property, usually with at least 20% down. Finding tenants. On-Going Investment: Upkeep and maintenance of the commercial property. Return on investment: Potentially high. Depends on your local area… Continue reading Commercial Real Estate
Save for a Down Payment
Listen to advertisements for mortgages and you will hear everything under the sun regarding terms. So, what exactly is a down payment for a house? What Is A Down Payment For A House Considering today’s market prices for homes and how they have drastically risen, mortgages have become a necessity when purchasing a home. With… Continue reading Save for a Down Payment
Get Pre-Approved
Let’s say you have completed all the previous steps. You have the down payment saved. You created a working budget that includes your anticipated mortgage along with taxes, insurance, and an emergency fund. Time to go buy a home, right? Not yet. Most sellers will not entertain an offer until you have been pre-approved by… Continue reading Get Pre-Approved
Common Mistakes
Buying a home is one of the biggest purchases you will make. It can be an emotional process but that doesn’t mean you should make an emotional purchases. Here are a few common mistakes you should be aware of: 1. Waiting for the Perfect Deal The market always goes up and down so it’s easy… Continue reading Common Mistakes
Key features to consider when evaluating a neighborhood
Evaluating a properties neighborhood is a critical first step in the purchasing process. In fact, experts believe that starting with a small set of target communities is a good way to optimize your property search. Key features to consider when evaluating a neighborhood are: Location Schools district Crime Rate Employment Opportunities Walkability and accessibility Entertainment… Continue reading Key features to consider when evaluating a neighborhood
Needs vs. Wants
After you determine what you can afford, it’s time to start searching for your dream first home. Keep in mind that you may not find everything you want within your given budget. You will need to make some sacrifices. This is why it is helpful to keep of list of Needs and Wants. Your needs… Continue reading Needs vs. Wants
