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
Resources
Helpful tools and utilities for real estate investors. Online Stock Market Brokers 🇺🇸 M1 Finance – Commission Free trades and access to Premiere Real Estate Investment Trusts.🇺🇸 WeilBull – Sign-up today and get two free stocks.🇺🇸🇭🇰TD Ameritrade – Commission Free, available in Hong Kong🇭🇰 Passfolio – #2 Rated online broker in Hong Kong.🇿🇦 eToro –… Continue reading Resources
Real Estate Investing Vocabulary
Market Value This term is used interchangeably with open market value and fair value. It refers to the price at which a property will exchange ownership during the valuation date and where both the buyer and seller acted on their own accord. It is the price at which the asset (or liability) would sell in… Continue reading Real Estate Investing Vocabulary
Best Practices In Real Estate Loans
If you are in the market for a new or first time house mortgage its important to understand the basic of a mortgage. This article starts at the basic and will explain you about a mortgage and different types of mortgages. What are Mortgages You can take out a debt (loan) called mortgage to buy… Continue reading Best Practices In Real Estate Loans
How Do Real Estate Investors Profit?
In this article, I’ll share how investors profit through from owning real estate properties. Typically owners profit through one or more the following ways: Asset appreciation Rental or Lease income Commissions Water rights Mineral rights Ancillary Income Asset Appreciation The first why owners profit is through asset appreciation. A real estate property appreciates (goes up)… Continue reading How Do Real Estate Investors Profit?
