Reading Time: 3 minutes It costs a lot of money to maintain a house. As you spend money on home repairs, you likely wonder if you can write them off on your tax returns. While it would be great if you could, the average person cannot if they use the home as their primary
Reading Time: 4 minutes Owning real estate is a great way to build long-term wealth. Whether you are purchasing a home to live in as your primary residence or to buy as an investment property, real estate ownership comes with various financial advantages. When you are looking to purchase a home, buying a foreclosed
Reading Time: 6 minutes Renovating a house doesn’t have to cost an arm and a leg, there are many ways to renovate a home on a budget. Keeping your renovation costs low is always important especially when you’re an investor looking to turn a profit on a property or to increase a property’s value.
Reading Time: 5 minutes Your Debt-to-income ratio is used to determine whether you are a good candidate for a home loan. It is simply a measurement your monthly debts, relative to your monthly income, expressed as a percentage. To work out your DTI ratio, add up all your monthly debts, divide the total by
Reading Time: 4 minutes Real estate provides many career paths, not just as a real estate agent. Real estate investors make a great living too, but sometimes you don’t want to invest in physical real estate yourself. It’s a lot of hard work, responsibility, and hassle. For some, investing in real estate investment trusts
Reading Time: 4 minutes To be a successful real estate wholesaler, you need two driving factors – you must know how to find great deals and how to get sell the properties fast. In other words, you need to be a deal seeker, so you snag properties at great prices. At the same time,
Reading Time: 7 minutes If you’re an investor that has spent an endless amount of time scrolling through listings and working on deals that aren’t coming together, then it might be time to consider building a new property from scratch. If this is something you haven’t done before the process might seem more daunting
Reading Time: 6 minutes In this series, we’ll be taking a closer look at some of the top software tools available to real estate investors today and how they compare to FlipScout, the free Flipster alternative. Table of Contents One of the biggest essentials to becoming a successful real estate investor is to have
Reading Time: 4 minutes You see a listing that you love and think it’s the best investment, but it says cash only. This means the seller isn’t accepting financing and there’s probably a good reason for it. If the home won’t pass the lender’s requirements, buyers won’t be able to secure financing, leaving the
Reading Time: 6 minutes If you are the owner of an investment property that you plan on letting out to tenants, it is in your best interests to claim rental property depreciation. This guide covers several questions that first time buy-and-hold investors may have about the benefits of depreciation, and how to claim it
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