Wednesday, July 12, 2023 / by Jiselle Bersabe
Real estate investing has long been viewed as a tried and true way to build wealth. With so many investing alternatives and strategies to choose from, it's critical to understand the most effective methods for maximizing your profits.
Today, Let's explore four real estate investments to become wealthy in real estate:
1. Buy a duplex (or multifamily in general)
Buying a duplex or multifamily property is a tried and tested way to get started in real estate investing. This technique entails living in one unit and renting out the other, allowing you to earn rental income while still building equity. Furthermore, you can use the knowledge obtained from this initial purchase to repeat the process, gradually extending your real estate portfolio.
2. STR (short-term rentals)
Take advantage of the demand for temporary housing by investing in short-term rentals. Platforms like Airbnb have made it easier than ever to generate significant rental income.
3. LT ...
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Wednesday, June 28, 2023 / by Jiselle Bersabe
People sell their homes for many reasons, and sometimes those reasons include needing to sell quickly. Maybe you need to relocate for a new job soon, are in some kind of distress, or perhaps you just don’t want to draw out the hassle of what a home sale could potentially look like if the home is priced at the top of the market.
Whatever your reason is, you don’t need to worry. We have tons of experience helping homeowners sell their properties in many different ways. Whether the homeowner is looking for a cash/as-is offer to sell quick or wants to traditionally sell to maximize their overall experience and net proceeds, we have you covered!
Here are three things we’ve learned selling thousands of homes in the last 15 years that will help you sell as soon as possible without sacrificing your final sales price:
1. Prepare your home before putting it on the market.
The better your home looks, the more interest you’ll generate. Clean, declutter, a ...
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Tuesday, April 21, 2020 / by Morgan Dunmire
The COVID-19 pandemic is putting a lot of Americans under serious financial strain—and in an effort to relieve some of that strain, homeowners across the country are looking for mortgage relief. And for those homeowners, there are a few different options available—namely mortgage forbearance and mortgage deferment.
But what, exactly, is the difference?
A recent article from realtor.com outlined the key differences between mortgage forbearance and mortgage deferment. According to the article, while both strategies allow homeowners to suspend mortgage payments for a period of time, the main difference is what happens at the end of that suspension period.
With mortgage forbearance, any payments that were missed are due in a lump sum at the end of the forbearance period. With mortgage deferment, lenders allow borrowers to either pay back the owed money over time or add the missed payments to the end of their loan.
If you’re concerned about your abi. ...
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Monday, August 12, 2019 / by Ashleigh Townsend
Are you looking for tips and things to consider before buying a property that you intend to list as a short term vacation rental? You’re in the right place.
Investing in property can be the best thing you’ve ever done if you take the time to learn how to do it properly. If you’re thinking of entering this lucrative market, we’ve put together a series of things to think about to help you get started on the right foot.
Learn the rules of the game first
There is money to be made in the STVRmarket but there is also money to be lost if you’re not careful. On top of learning the rules of real estate investing, you have to put extra effort into learning more about the STVR real estate market.
There are many factors to consider when purchasing a home to be used as a short-term vacation rental “STVR”. Recently Chatham County has incorporated certain restrictions when applying for STVR in our area, as well as certain private HOA covenants. It’. ...
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Monday, May 20, 2019 / by Amber Felton
The excitement all started a couple of months ago when you made the decision to buy a house. You were pre-approved with a lender then on your way to meet with your realtor for a buyer consult to find the perfect new home! You saw a few houses you liked, but after weeks of searching you just couldn’t find “the right one.” So now you’ve given up hope, figured it just isn’t meant to be, and you’ve decided to wait a little longer before buying.
You’re thinking maybe 6 months, maybe a year? You think with time, you’ll have a better idea of what you’re looking for and more inventory will be available to choose from this time next year. Or maybe you’ll try to save a little more, thinking the higher down payment will help you with your buying power to afford a home in a slightly more expensive price point.
In the long run, your decision to wait to buy may not produce the results you’re looking for. You’re not considering ...
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