Before starting a flooring project, it is generally helpful to know the different types and their benefits. There are several options to consider, including carpet, ceramic wood, and vinyl. Each option comes with its unique costs, so it is up to the owner to choose the ideal type that fits their budget and meets their …
Don’t sell your house, make it rent!
Instead of selling your residence to buy another home, you can decide not to sell your residence and convert it to rental property. In this case, the next home you buy and live in once again qualifies you for the lowest owner-occupied loan rate. This approach also makes it easier to make repairs to the …
You bought a renter-occupied property but don’t know anything about the property management
Uh oh. But it is not uncommon. Let me start by saying that managing your own properties is the way to go. Why? Because you must know the laws and what you can and cannot do as a homeowner. You may not be interested in managing the properties yourself and plan to hire a management …
Self-Directed IRA Rules Simpler Than You Think
Most people are concerned about self-directed IRA rules. Nobody wants to make a mistake. Errors can be costly; particularly when it comes to self-directed IRAs. If you have questions, you should find the following information interesting and useful. There are fewer self-directed IRA rules than you might think, at least, when it comes to government …
How to increase rents: the annoying increase in rents
Every landlord is faced with the question: should I increase the rent? And if so, how much and how often? I like to use what we call annoying augmentation. If you increase the rent too much, you risk the tenant moving out. An increase of $ 50- $ 100 or more will likely make your …
Will the Raiders domed stadium increase my market value?
Developing a $ 1.9 billion professional soccer stadium down the street from your current business location is usually a good thing. There are always those who may get an increase in real property value due to the location of the stadium, but then they realize that the traffic from the new venue can destroy their …
DS4208 Vs DS6700 series: inertia, studs and aliens
Wikipedia defines inertia as the resistance of any physical object to any change in its motion (including a change in direction). In other words, it is the tendency of objects to keep moving in a straight line at a constant linear speed, or to stay still. The principle of inertia is one of the fundamental …
Real estate investment
Many beginning real estate investors start out by trading real estate to make a quick buck. If you want to make more money investing in real estate, you need to know a few basics. What is the definition of real estate investment? Simple definition: buy a property and resell it quickly, hopefully for a big …
Buying a property in foreclosure
Today I received an email with questions and concerns about a foreclosure sale. Excellent questions, so I decided to post both the question and my answer below. What has your experience been with foreclosures? Karen, I have a question for you, I am not new to real estate investing, but I am new to the …
The number one reason homes don’t sell fast
Today is a difficult time to sell your home. Your real estate agent does not show your home and you do not see a contract in the near future. There are many reasons why homes don’t sell fast, but the main reason homes stay on the market is price. Without a doubt, the number one …