The Allure of Getting An Investment Loan, Property

The glut of real estate available, thanks to the avalanche of foreclosures, short sales, REOs and hard-pressed homeowners, have significantly pushed prices of investment properties further down. This is making a lot of real estate investors salivate as experts declare that now is the right time to invest in real estate. You may be among the scores of first-time investors raring to invest in real estate and become a landlord, intending to use rental income to cover for the costs of acquiring and maintaining a property, and hope to have the property’s value go up in the years to come. But is it really a great time to obtain an investment loan and property to rent out? If you are determined to do so, make sure to bulk up your landlord muscle… Read the rest

Give To The IRS What is Due To The IRS – Paying Taxes for Your Rental Income Property

Letting go of 25 to 35 percent of your income to tax is often a painful but compulsory thing to do. You would think of the things you could have bought with the said amount: renovate your multi-door apartment, go on a family vacation, finance another investment, or whatever it is that you want to spend on. However, the tough reality remains that we have to pay the IRS their share but there are many ways to minimize that tax burden. Check back soon for info on how to minimize your rental income tax burden.  So to deal with reality, let us abide by the law and file our income taxes so that our friends from the IRS will not haunt… Read the rest

Landlord Insurance – An Expense Worth It

Every shrewd landlord knows that a landlord insurance is vital to his rental property business. Although it is not a legal requirement, it can save you from several heartaches. It may be an expense on the one hand, but on the other hand, it provides peace of mind and security against any unforeseen damage to your investment property. The trick here is to know how to obtain a substantial coverage at a more affordable rate. This way, you can protect your property investment while protecting your profitability. If you are on the verge of buying a new coverage or renew an old one, consider these three tips to help you get a more affordable policy.

How To Get A More Affordable Landlord Insurance

1. As with purchasing any other big-ticket commodity, you… Read the rest

Don’t Be Alien to Tax Lien Investing

If you think you can make money in real estate investing only by buying, selling, fixing and renting houses, think again. Take the time to explore the vast field of real estate investing and you will discover other earning opportunities that involve minimal risk and require little capital since you do not actually pay for a piece of the real estate. One of which is through tax lien investing.

What is Tax Lien Investing?

The local government, the state or the county collects various forms of taxes so that it can provide services and benefits to its citizens. One kind of tax it collects is property tax, which is typically paid to the county where the property is located. In the event that the property owner misses a tax payment, the government… Read the rest

Mobile Home Investing – A Profitable Niche

If you are looking for a niche in real estate investing, then mobile home investing could be it. Many real estate investors may be turning their backs on mobile home sellers because they may not know that they can make money from mobile homes using similar techniques applied for investing in other types of properties. Consider the following ways on how you can profit from it.

5 Ways To Make Money From Mobile Home Investing

Buy-Fix-Resell. The same formula applied for single-family homes, and other properties, can also be applied in mobile home investing. Owing to the simple structure of mobile homes, they are typically easy and less costly to fix as compared to traditional properties. You can buy undervalued used mobile homes at deep discounts, leaving generous room for profit, that… Read the rest

What are Lease Options?

Lease options is short for “Lease with the Option to Purchase”. As the name suggests, two events are expected to take place – the lease and purchase of a property, where the latter action is at the discretion of the buyer/tenant. In this contract, you as the seller are bound to sell, but the buyer/tenant is not bound to buy.

How Do Lease Options Work?

By paying a valuable consideration upfront, the buyer/tenant gets an option to buy a property at an agreed price at the end of an established period of lease, typically one to three years for residential properties, but could get longer due to the present credit environment. The consideration, which is often nonrefundable, is usually at two to three percent of the market value of the home. This is preferable for… Read the rest

Sleep Well At Night By Getting The Right Investment Property Insurance

How would you respond to the catastrophic news that your multi-unit apartment has sustained severe damage due to a tumultuous windstorm or a fire? Will you say:

“Oh! That’s bad to hear, but everything will be okay since I got it covered.”

“Shucks! Is the insurance I got sufficient to cover against the damage?”

“Oh no! I have not yet gotten insurance. How am I gonna recover from this? ”

You do not want to be uttering the last two statements, right? Sleep well at night knowing that your investment property is appropriately covered for such losses due to unwanted events like fire, windstorm, lightning, explosion, riot, and unwanted business scenarios such as loss of rents, loss of money, and the like, by getting the most appropriate investment… Read the rest

Understanding The Scope of Investment Property Tax Deductions

One of the perks that attract investors to put their money in investment properties is tax incentives. No other investment vehicle offers this much tax advantage that rental property investment can offer. These deductions can significantly mean your profit or loss. However, those new to their role as landlords, and a few old-timers often unwittingly pass up on the opportunity to make tax savings from their property investments because they do not know the extent of the exemptions. Cash in on this exemptions by familiarizing yourself with what are covered in investment property tax deductions. If you own small residential rental property(s), then you can enjoy the following tax deductions:

Investment Property Tax Deductions For Owners of Small Residential Rental Properties

Depreciation. You, as a landlord, can recoup the cost of… Read the rest

There are numerous opportunities in real estate investing, but you have to have a skilled eye at identifying them. Inexperienced investors pass up on great opportunities because they lack the know-how to spot the gold from the seemingly uninteresting properties. Discussed below are five ways you can profit from real estate.

Retailing – Buy, Fix, and Profit

Retailing, in three words, is buy, fix, profit. Many newbie investors enter the real estate trade using this strategy. I’m sure you already know all about this strategy. You buy handyman specials at great prices, rehab them, and sell them for profit. One costly mistake a handful of fledglings commit is underestimating the cost of repairs. Savvy rehabbers already have a network of contractors and a checklist of repairs to watch out for and their estimated costs. They do not rely on… Read the rest

Like any other insurance, a landlord insurance is a real estate investor’s way of managing risks against uncertain losses. Can you soundly sleep at night if you are unsure of whether or not your 8-plex is insured correctly? If your tenants are compelled to move out due to fire, does your insurance cover such loss-of-rent? Before any untoward event happens and regret shows up, take the time to understand what is (or is not) covered by your insurance policy. Insurance may add to your expenses and takes off some amount from your bottom line. However, it also helps you sleep soundly at night knowing that your property is protected from unforeseen losses.

Here are some points to help you grasp crucial factors to consider when arranging for insurance for your investment properties.

Knowing How Much Liability Protection To Carry

… Read the rest