Purchasing a new property is a big decision–and it involves many steps. You know that, before you purchase a property, you need to get written estimates concerning what it will take to fix up the property. Before you do that, however, you should take the time to walk through the property yourself. Why […]
Using Average Rental Prices to Figure Out Your Renovation Budget
Preparing a Renovation Plan Investors own rental properties for several reasons, but the two common ones are: Generate income by making a profit. Increase a property’s value during ownership. Financially, they are the two factors that successful investors use to test ideas and decisions about possible renovations. They work to a plan based […]
The Best Way to Handle Annual Maintenance with a Long-Term Tenant
Property Maintenance Properly maintaining investment properties has two main benefits: Good tenants value the care and consideration, so are more likely to re-sign a lease and stay. Well-maintained properties keep their value better, and are less likely to suffer electrical, plumbing, or appliance failure that demand emergency repairs and unexpected costs. Good maintenance, therefore, has […]
Why Investors Should Use a Home Inspector Who Works to ASHI Standards
Introduction To an investor, a residential property is a source of wealth creation, revenue, and profit. It is also someone’s home and an obvious part of a community or neighborhood. Most investors want to buy a property at the lowest possible price to maximize immediate equity ownership and potentially maximize their capital gain when they […]
Investing Part Four: The 1% and 2% Rule
The 1% and 2% Rule Many investors use these quick calculations when they first see a potential property. We explained the rule and the calculations in one of our previous blogs, “Should you Follow the 1% or the 2% Rule?” In this blog we will broaden the discussion. Successful investors work to a […]
Creating a Real Estate Investment Plan
Two Common Investment Strategies Many real estate investors adopt one of two common strategies – the dynamic or the planned. Both offer success but one tends to deliver higher profit in the longer term. New investors are often assume that “It’s a numbers game – win some, lose some” or “If it’s a good price […]
Investing Options Including via 1031 Exchange
nvest Via a 1031 Exchange and Expand Your Options Expand Your Options In a previous blog we explained the basics of buying and selling investment properties via a 1031 Tax Deferred Exchange. In this one we discuss how, by using a 1031 Exchange, investors can expand their options. Many people who are new to […]
What is a 1031 Tax Deferred Exchange?
Who Should Understand the 1031 Tax Deferred Exchange? Investors who either flip properties or who decide to sell one or more of their current rental properties to invest in new ones should understand the 1031 Exchange rule. It is also known as a Starker Exchange or a Tax Deferred Exchange. What is a 1031 Exchange? […]
How to Recession-Proof Your Investment Portfolio
Recessions are a fact of life for investors, but they can still do a lot of damage. Successful investors survive and even thrive during the rough patches because they know how to plan for recessions and keep their portfolio in good shape. Is a Recession Coming? Investors are likely to have to deal with a […]
3 Ways to Identify Improvements that Increase Value vs. Improvements that Increase Sellability
When the time comes to make improvements to your rental property, you want to be sure that you’re choosing the right improvements. Is your goal to increase the value of your home so that you can increase the selling price, or are you hoping to increase the odds that your home will sell quickly and […]
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