Consider Owner Financing
Owner Financing is when the owner is the one financing whole or part of a property through a predetermined payment plan, for a predetermined amount. It is a great way for the seller to gain a monthly income without paying realtor seller fees and the buyer to purchase without using a bank loan. Owner financed …
Know Your Credit Score
When contemplating real estate investment, you need to understand your credit information through your credit reports and credit score. Lenders use this information to determine if they will give you loans. You can order your credit report through Equifax, Experian, TransUnion and other online resources. FICO is an abbreviation for the Fair Isaac Corporation, the …
Great Tenants Make Great Rentals
One of the most important steps in becoming a landlord is screening your tenants. Great tenants make great rentals. You must set the same standards for all your applicants to meet. The benefit of creating and using acceptance standards for all your potential tenants is that it prevents you from making an emotional decision and …
Passive Income
Rental properties are one of the best investments you can make for passive income. They provide a safe, good return on your investment. However, not all properties are equal. Before you purchase, you should figure out how passive of an investment would the property be? There are also different methods of managing properties. If you …
The Importance Of Due Diligence
An awesome real estate deal comes your way. You have to act fast or you might lose the deal. This is when some people would skip over a very important step in purchasing real estate: due diligence. There is a lot of anxiety when trying to find and close a real estate deal. You will …
How To Pay Off Your Mortgage Faster
There are many ways to pay off your mortgage faster than the conventional loan payment set up. One way to pay off your mortgage faster is to start a bi-weekly payment plan. This would consist of 26 bi-weekly payments. Instead of making monthly payments, you could pay half that amount every two weeks which is …
How To Buy Real Estate With An Ira
Using a SELF-DIRECTED IRA, you can invest in real estate using the money you already have in your retirement account. With such an account, you are allowed to invest in alternative investments. By investing this way, your IRA will benefit from the appreciation of your investment property over time and will collect any rental income …