Every serious real estate investor should know how to find foreclosure and pre-foreclosure listings. If you don’t know how foreclosure and pre-foreclosure work, you could be missing out on some potentially great bargains on investment property. The first step in finding foreclosure and pre-foreclosure listings is knowing where to look. Use this guide to discover the best places to find foreclosures and pre-foreclosures so you can scale your real estate business by purchasing properties below mar...
Dec 12, 2023•11 min•Ep. 1154
Residential real estate investing has the potential to be very profitable. But how much do you need to invest in real estate and generate steady passive income? Unfortunately, the perceived excessive costs involved in purchasing real estate can intimidate aspiring residential real estate investors. However, understanding all the costs of buying a real estate investment property will help you avoid costly mistakes. Buying a rental property, holiday home, or property to flip can yield short-term a...
Dec 11, 2023•21 min•Ep. 1153
Mortgage rates hit their highest point in nearly 23 years last week, and consumers responded accordingly. According to the Mortgage Bankers Association (MBA), mortgage applications to purchase a home were down 27% compared to a year ago, while refinance applications were 21% lower. “Overall applications declined, as both prospective homebuyers and homeowners continue to feel the impact of these elevated rates,” says Joel Kan, MBA vice president and deputy chief economist, in a press release. “El...
Dec 10, 2023•7 min•Ep. 1152
If you prefer fix-and-flip projects, you know how crucial it is to have money available to grab great deals and cover renovation costs. Most investors need loans for house flipping to ensure they have enough capital to handle the details of flipping houses. Fortunately, there are many kinds of loans for flipping houses, and just like shopping for a mortgage for your primary residence, you should know what to consider when looking at house-flipping loans. Property investors have options to financ...
Dec 09, 2023•19 min•Ep. 1151
Investing in real estate digitally can seem daunting at first. How can you use tech to build and curate your portfolio? Luckily, we’ve outlined four easy ways you can integrate tech into your real estate business and use digital tools to invest in real estate. 1. Look for Up-and-Coming Markets Online When it comes to learning how to invest in real estate digitally, start off by learning your markets. Whether you’re investing in-state or long-distance investing, you’ll want to understand the mark...
Dec 08, 2023•7 min•Ep. 1150
If you own rental real estate, you must be aware of tax responsibilities on the federal, state, and (in some cases) local levels. With this knowledge, you can ensure that all rental income is reported on the applicable tax returns. Types of Rental Income As an investor, correctly categorizing your rental income is critical for both tax and financial planning. In general terms, rental income can be classified into two categories: Active income: This stems from hands-on activities like short-term ...
Dec 07, 2023•12 min•Ep. 1149
The benefits of real estate investing are mind-blowing. Besides its tax advantages, returns, and opportunities for passive income, real estate investing offers several other benefits that any real estate investor can take advantage of. If you’re considering investing in real estate—or want a refresher on why you did it in the first place—here are some of the most talked-about benefits when investing in real estate. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 06, 2023•13 min•Ep. 1148
When it comes to the rabbit hole of real estate investing options, the word “turnkey” is among the most commonly used but poorly applied terms around. In fact, many businesses use “turnkey” in their marketing materials just to capture a large audience. Turnkey investing is still a highly valuable investment strategy that offers many clear advantages that would otherwise be difficult to come by. The most obvious reason to use this strategy is that the properties are already livable—you won’t spen...
Dec 05, 2023•13 min•Ep. 1147
When you first think of real estate investments, flipping properties, running short-term vacation rentals, or becoming a landlord are the first things that typically come to mind. Many investors purchase properties and either renovate to resell them or rent them out, but there’s another way to work as a real estate investor without actually needing to be involved in the sales or renting processes. Private money lending is an alternative to active real estate investing that requires more hands-on...
Dec 04, 2023•12 min•Ep. 1146
A major technological advancement has emerged in recent years, reshaping entire industries and forging new frontiers. The multifamily sector is no exception, as it undergoes a profound transformation, all thanks to the remarkable power of artificial intelligence (AI). Here, we’ll delve into the compelling reasons why investing in multifamily apartments infused with AI is a savvy choice for investors. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dec 03, 2023•8 min•Ep. 1145
When looking for an investor-friendly real estate agent, you should ask different questions than if you were buying a primary residence. Purchasing investment properties requires different factors, decisions, and calculations that regular real estate agents don’t use. A real estate license isn’t enough to qualify agents to help you with real estate investment purchases. So before you hire an agent to work with you in your real estate investment business, you should know what to ask the agent bef...
Dec 02, 2023•14 min•Ep. 1145
It’s common practice to request a pay stub from prospective tenants for income verification. While this sounds like a simple, straightforward process to verify income, there’s trouble lurking in the form of a fake pay stub. Indeed, some try to create pay stubs online to create fake proof of income. Simple Signs to Spot Fake Pay Stubs Knowing how to spot fake pay stubs can save you from a lot of hassle in the future. Here are seven signs you should look for to check stubs. Learn more about your a...
Dec 01, 2023•12 min•Ep. 1143
There are three things on investors’ and agents’ minds right now: high interest rates, elevated home prices, and low inventory. With mortgage rates approaching 8% and the median price for a home in the United States over $410,000 (up around 46% from $280,000 in 2020) as of June, fewer people are buying and selling real estate. This trend doesn’t seem to be ending soon, leaving agents and investors wondering when they’ll get relief from this turbulent market. But what if you don’t need to wait fo...
Nov 30, 2023•10 min•Ep. 1142
Most real estate investors understand the need to protect their assets with insurance. If you’re considering renting out property, however, you may not know the difference between homeowners insurance and rental property insurance (also known as landlord insurance). In this article, we’ll break down what rental property insurance is, why it’s important, and how you can choose the best policy for your business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 29, 2023•12 min•Ep. 1141
You can leverage your real estate investments by borrowing money to afford a higher purchase price. Knowing how to calculate a mortgage payment is important to make significant business decisions when adding to your real estate portfolio. Typical Costs Included in Your Mortgage Payment Your mortgage payment involves many costs, not just the amount you borrow to invest in a home. Some variables you may control, but others are fixed monthly expenses you must include in your mortgage payment, such ...
Nov 28, 2023•14 min•Ep. 1140
Have you always had your eye on getting into the real estate industry? Maybe you aren’t keen on working as a real estate agent but know you want to be involved in the industry somehow. You may be a great fit for real estate investment trusts if you have a good mix of real estate and finance expertise. But you might ask yourself, “Is real estate investment trusts a good career path?” They can be for the right people. The key is understanding the personalities and skills that work best for working...
Nov 27, 2023•15 min•Ep. 1139
Net operating income (NOI) is a fundamental real estate valuation method for real estate investors. NOI helps you calculate an investment property’s potential real estate revenue. The NOI formula is straightforward and easy to calculate, whether you need to predict potential rental income on an investment property, evaluate the purchase of a property, or consider raising rents to boost cash flow. You deduct the operating expenses from the gross operating income (GOI) to calculate a property’s po...
Nov 26, 2023•14 min•Ep. 1138
You spend way too much time on Instagram (and TikTok and Pinterest and…), and guess what—your potential short-term rental guests do too. Why miss an opportunity to get in front of them when they’re dreaming about their next getaway? Why miss an opportunity to remarket to your past guests by reminding them how awesome your place was? Don’t leave your fate up to the Airbnb algorithm alone. Take matters into your own hands and start building out and developing your own organic audience. While you d...
Nov 25, 2023•7 min•Ep. 1137
Although filling out IRS tax forms each year isn’t any fun, it is a necessary part of real estate investing. Thankfully, the tax forms for rental properties aren’t complicated. If you are investing as a member of a partnership or as an S corporation, you will need to report your earnings on Form 8825. Making sure you fill out Form 8825 correctly is vitally important. Accurate financial reporting is required and could help you determine if you qualify for certain tax deductions. Learn more about ...
Nov 24, 2023•12 min•Ep. 1136
Wondering how to find good real estate deals? Let us count the ways! We’ve come up with 30 different methods to find real estate deals in today’s competitive real estate market. As a real estate investor, you’re probably familiar with some of these tips, but we promise many are new on your radar! Those great real estate deals are out there, allowing you to build wealth if you know where to look! Learn more about your ad choices. Visit megaphone.fm/adchoices
Nov 23, 2023•18 min•Ep. 1135
An assumable mortgage is when a home buyer takes over the seller’s existing mortgage. When assuming a mortgage, the same terms and conditions from the seller’s mortgage are transferred to the buyer. A mortgage loan assumption means the buyer does not have to apply for their own mortgage. Instead, they “assume” the original mortgage’s interest rate, repayment period, and remaining balance. An assumable loan has pros and cons for buyers and sellers. Therefore, knowing how assumable mortgages work ...
Nov 22, 2023•16 min•Ep. 1134
The home appraisal is a big part of the home buying process, especially if you need a mortgage loan. Lenders require appraisals to ensure the home is worth enough money to lend to investors to purchase the home. Since investment properties are riskier for lenders, they use the expertise of a licensed appraiser to determine the home’s value. Home appraisals may feel like another obstacle to investing in properties. Still, they help you make the right decision about investing in real estate and en...
Nov 21, 2023•18 min•Ep. 1133
Real estate investing, if done right, can create endless opportunities. Real estate is an awesome income producer with the right investment and jumpstarts your way to complete financial freedom. Many real estate investors become successful through the process of learning. For a beginner investor, the learning experience is often hands-on, like shadowing someone in the field or learning through courses or books. Even seasoned investors will continue to educate themselves throughout their careers ...
Nov 20, 2023•19 min•Ep. 1132
The Washington, D.C. metropolitan area has one of the strongest real estate markets in the United States. With a large population, high incomes, and a well-diversified labor market, D.C. has a strong foundation for sustained economic growth. And, because the D.C. area is comprised of more than just the capital city and includes parts of Maryland, Virginia, and West Virginia, there are several sub-markets for real estate investors to consider. Let’s go over the most important information you need...
Nov 19, 2023•9 min•Ep. 1131
Throughout the past year, this series of articles has comprehensively covered DSCR loans. We have discussed how to get the best rate and terms, how to use advanced strategies to maximize return, and a long list of FAQs (part 1 and part 2). Also published was a guide on the full list of documents needed for a DSCR loan and a helpful glossary of terms for navigating the private lending process. We explored specific real estate investing strategies and how DSCR loans stack up when investing in shor...
Nov 18, 2023•13 min•Ep. 1130
The tiny homes market is predicted to grow by a staggering $3.57 billion between 2022 and 2026, according to a Global Tiny Homes Market report. While trends like the off-grid and tiny house movement may have caused some to dismiss tiny houses, their popularity among investors is increasing for many reasons. Tiny houses are more accessible to investors with limited capital because they offer a lower upfront investment than traditional houses. Also, the surge in demand for unique, affordable, and ...
Nov 17, 2023•14 min•Ep. 1129
Navigating the world of financing rental properties can be overwhelming for even experienced real estate investors. There are tons of terms, phrases, and acronyms that can cause confusion, and real estate finance is also notorious for misnomers and multiple terms that all mean the same thing. To help investors master the world of DSCR loans and know how to effectively communicate and work with rental property lenders, here is a helpful glossary of terms you need to know to understand investment ...
Nov 16, 2023•15 min•Ep. 1128
When you have a limited amount of money coming in each paycheck, it can be very easy to have conflicting financial goals, such as: Achieving financial independence. Paying off real estate (such as an investment property or personal home). Asking “Should I pay off my mortgage?” and not knowing the answer is a problem many homeowners face. For many, it’s a difficult choice because the right answer is different for everyone. Decisions are extremely individualized to your specific financial situatio...
Nov 15, 2023•16 min•Ep. 1127
How often do you ask the big questions of life? Why am I here? What was I put on the planet to do? Who ate the Outback leftovers that I clearly marked in the company fridge? Semi-boneless ham—does it have a bone or not? This article deals with some weighty life and investing issues. I came across this nifty chart from Visual Capitalist that got me thinking about the different phases of a real estate investor’s life. Let’s summarize the chart first, then we’ll see how we could apply this to real ...
Nov 14, 2023•12 min•Ep. 1126
From inflation to interest rate hikes to low inventory and elevated prices, today’s market can give some real estate investors pause. Industry volatility can set off emotional reactions in investors who haven’t fortified themselves against the ups and downs of the market. Navigating these fluctuations takes knowledge, patience, peer support, and the right set of tools to keep cash flow under control and your head above water. We spoke with three investing experts about their strategies for build...
Nov 13, 2023•14 min•Ep. 1225
