Whether you have one investment property, or 10, or more, you’re an investor. There is a lot of valuable information for you to know. The more you know, the better decisions you can make.
1. Cash Flow If you’re holding real estate as an investment, you will have tenants. Each month they will pay you rent. Let’s say that you own a rental house and get $1,500 per month in rent. Over a year, that is $18,000 in income.
Don’t be fearful. Many people are concerned about home-office deductions being a red flag for the IRS. A survey of people who claimed a home-office deduction versus those who didn’t found that the chance of getting audited was the same in both groups. If you’re eligible for the deduction, take it. It could be worth
So, you have completed your comparative market analysis and research and finally decided on a location in which you would like to purchase your rental property. You have decided on the amount that you can afford, and arranged conditional financing – and now the fun begins!
Buying a home represents one of the biggest purchases that an individual can make. The decision should not be taken casually. Ultimately, an informed homebuyer is better equipped to make the right decision about a residence and whether this house will fulfill your personal needs. With the right information at your disposal, a homebuyer should
This is a great question, one that we receive often. Basically, a simple answer is you should have enough insurance to rebuild your home or property in the event it is completely destroyed by fire, hurricane, tornado or other catastrophe. It is estimated that 60% of American homes are underinsured by 22%.