 Articles tagged: wealth through real estate
<< previous page 1 next page>> written by David Cowley
Depending on the type and size of your real estate holdings, property managers will need to use different skill sets. If you have just a few apartments or single family homes that you are renting then your property manager will need to have very good communication and customer skills when dealing with your renters written by David Cowley
What are They Thinking? written by David Cowley
If you are entering the real estate market with little or no money as a down payment because you do not have the cash and with the idea of flipping the home for a quick profit, think again. Mortgage companies that have offered real estate with nothing down deals have learned over the past few years that sometimes when a person cannot produce a down payment this is a warning sign of their ability to continue with mortgage payments down the road. written by David Cowley
You could purchase one home for $100,000 cash and then rent it out for $1,000. This would give you a return on investment of 1 percent per month 1,000 / 100,000 = .01) or 12 percent a year. The average real estate appreciation since 1968 has been 6.34 percent per year. Some years it is less and some years it is more, but for this demonstration we will use 6 percent to keep it simple. Add 12 percent and 6 percent and you will have an 18 percent Return On Investment (ROI) for your $100,000. Not a bad return and much better than you would get at a bank or deposited in a CD. written by David Cowley
First keep in mind that while you cannot turn someone away because of the color of their skin, their age, or their ethnicity, this doesn't mean that you need to accept just anyone that applies to live in your apartment building. A credit check should be performed on anyone and everyone that applies, and any red flags you see or that just don't sit well with you should be a warning sign. written by David Cowley
If there is any good thing that has come out of the recent crisis in the mortgage industry in the U.S., it is that some people who have always had an interest in investing in real estate are now finding that dropping prices are making it possible for them to do that. written by David Cowley
If there is any positive aspect to the foreclosure crisis that has gripped the U.S. in the past few years, it is that anyone interested in investing in real estate should be able to find appropriate properties at bargain basement prices. Homes can be purchased from banks at far less than their actual value, and business properties are also as affordable. written by David Cowley
The government typically assumes that if you sell a home that has equity in it, that amount of money that you make over and above any mortgages or liens on the home should be considered as profit. Typically a seller would then pay taxes on that amount at the end of the year. However, with 1031 deferred exchanges, you may actually put off paying taxes on this home for some time. written by David Cowley
If you are a realtor or a real estate investor looking to become independent from your current employer, you may be wondering if starting a Real Estate LLC company is right for you. You may know of other colleagues who have gone this route, and some who haven't, and may ask what the difference is between this type of company and just working with an Assumed Name certificate. written by David Cowley
Turn on the television or open up your internet explorer and chances are you'll see ad after ad for reverse mortgages, all of which are targeted toward senior citizens. With so many scams these days that revolve around mortgages, and those geared toward senior citizens, you do well to want to explore all the details of mortgages before ever signing on for such a deal. written by David Cowley
There has been a lot of talk in the news lately about sub-prime mortgages, the credit crisis, and a possible recession caused by these issues. For those who don't work in the real estate, banking, or mortgage industries, are wondering just what is meant by all these different issues and how exactly they're related, we can help. There is a very simple explanation as to what sub-prime mortgages are, how they led to the current credit crisis, and how this situation is affecting the U.S. economy overall. written by David Cowley
Experts believe that real estate development and building will produce some $25 trillion in revenue between now and the year 2030. Most also agree that most of that revenue will be filtered into and through the top ten megapolitan areas in the United States. This amount of revenue will completely eclipse the building boom that followed World War II and means an unprecedented amount of growth and opportunity for the investor. written by David Cowley
If you're someone lucky enough to be able to afford a vacation getaway home, you're to be congratulated. With so many people in the U.S. who cannot even afford their first home, being able to afford a cottage or country house is a rare luxury. But before you drop your hard-earned money on that beautiful home you have your eye on, what are some things you should first think about before making that purchase? written by David Cowley
The term Section 8 refers to housing vouchers provided to low-income individuals and families by the United States Department of Housing and Urban Development (HUD). Some people have the mistaken impression that Section 8 housing refers to certain housing developments, and while HUD may maintain such housing, a person may use this voucher as a real estate allowance at any real estate rental available that accepts these vouchers. written by David Cowley
If you're unfamiliar with a real estate rehabber, this refers to someone that purchases a property with the sole purpose of fixing it up, renovating it, or otherwise upgrading it in order to sell it for a profit. written by David Cowley
An interesting trend has sprung up in recent years and in areas that have been hard hit by poor economies resulting in foreclosers on real estate. Investors willing to invest in real estate foreclosers have moved in and purchased properties that have been seized by banks and lenders for unpaid mortgages. written by David Cowley
A real estate wholesaler is someone that purchases or takes control of properties that have a lot of equity in them and sells the properties to investors for a profit. Just like a wholesaler of washing machines the wholesaler is trying to sell his products to retailers, rehabbers, investors and in some cases to the end consumer. written by David Cowley
Investing in real estate is one of the few ways for the average person to gain wealth. Can you become rich overnight? Not very likely. Real estate investing should be considered a long term strategy that can gain you tremendous amount of wealth over time but you must do your homework first. << previous page 1 next page>> |
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