Passive real estate investing differs from active real estate investment in that it requires minimal involvement. This may be in the form of purchasing turnkey rental property and hiring a property management firm to oversee the details, or it could involve providing funds, or a portion of funds necessary for a property purchase.
Anyone who has dealt with tenants knows that finding and keeping good tenants is a must. Good tenants not only take care of your property, they are always friendly and easy to communicate with, they pay their rent on time, and rarely make unrealistic demands. Without good tenants, owning a rental property can quickly become a nightmare otherwise.
Having a line of credit for real estate can help improve cash flow and help you gain access to various financial options, sometimes in a matter of days. This option can enable you to grab up a great investment deal or have access to funding for that fix and flip.
Real estate purchases have made many people wealthy, but as with any purchase or investment, you should be aware of the risks involved. Whether you’re buying a turn-key rental property, plan to fix and flip, or otherwise, choosing a high demand location is almost always a good choice. Here, we will discuss 6 things you should do prior to buying real estate.
Memphis offers an affordable real estate. It is currently a rapidly growing region that attracts a diverse population, making it a great choice for real estate investors.
If you’re new to real estate investing, there is no doubt that you may be overwhelmed by the various terms and restrictions out there that impact you. When in doubt, it’s always helpful to get a property tax lawyer or another industry expert on your side to answer your unique questions, but before you get to that point, there is a lot of info you can uncover on your own.
Did you know that there are grants that can help real estate investors with the acquisition of investment property? Did you know there are programs that will pay above market rent for your investment property?
There are passionate advocates for both of these types of properties. How do they really stack up? What are pros and cons of each option?
Have you ever wondered, why certain storefronts, and apartments, etc, seem to remain vacant, longer, than other similar ones, which might be owned by different owners/ landlords? Different owners seem to have differing philosophies, perspectives, and points of views, when it comes to key components, including: pricing; tenant quality; occupancy rates; and overall cash flow requirements, and priorities.
Many who are starting out with rentals seem to get the broad concepts but don’t quite understand how to reverse engineer replacing a set dollar amount of income.