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Investment Tips for Real Estate Investors
The real estate market is unpredictable. But, if you are one of those optimists who believe that the prices will go down, you can surely think of starting out your career as a landlord.
Remember, all investments fluctuate in value over time. However, as we have recently seen, prices are rising with the value of your portfolio.
As a landlord, you should not be concerned about short-term fluctuations in a long-term investment.
Following are some tips to get started:
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Tips to lower your rental taxes
Navigating the tough waters of tax laws in the USA can be tricky especially if you are a landlord. If you are a landlord, it is important that you know the type of expenses you can deduct for your rental property to help you reduce your taxable income, which eventually reduces your tax liability. Here are the top tax deductions for landlords.
Here are 6 tips to lower taxes on your rental investment property
1. Depreciation
The depreciation expense applies to those things that you have bought for your business that have a useful life even after the current tax year. Here are the three rules to calling something depreciable:
- Expected to last for more than one year.
- Provides value to your business in some way.
- Becomes invaluable or wears out over time.
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Crucial Facets to Know Before Buying Your First Rental Property
Real estate investing can offer a bright financial future! However, just because real estate investment has a great reputation for delivering great returns, doesn’t mean that all investments are the same.
The secret to obtaining great returns lies in understanding and choosing only the best real estate. This article will help you sort through the clutter by providing the important considerations to think about before buying your first rental property.
Published in
Landlord’s Corner
Extract The Maximum Dollar from Your Blanket Loans
By Extracting Maximum Space from Your Rental Homes
Being a landlord, it is solely your responsibility to make your tenants feel at home on the rental property. They should enjoy their new space. Landlords and tenants need to be a little creative in order to maximize the living space. Look for places where you would be able to stow your stuff easily, no matter how limited the storage space may be.
Have a look at some storage ideas to reduce clutter and create a place where everything can be stored without any hassle.
Published in
Landlord’s Corner
What to know before investing in real estate
Nearly everyone knows it - real estate investing can give you a promising financial future! However, just because real estate investing has a reputation for delivering great returns and building wealth does not mean that all property investments are the same.
The key to getting great returns lies in understanding the basics of what makes a great investment and how to buy the best real estate.
This article will help you navigate through the clutter by offering you important things you must understand before you buy your first investment property.
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Foreclosure Homes
Hardcore real estate investors kept their eagle eye on various property deals to get the most out of their investment. For most of the real estate investors turned landlords, a foreclosure home is always a lucrative deal.
Reason being, they are cheap – the lower the price, the better deal a landlord gets. Foreclosure is a legal process in which a homeowner's right to its property are declared null due to failure to pay the mortgage and the property gets eligible for a foreclosure auction.
Since these homes are cheap as compare to other properties, landlords or property investors find it quite tempting. But, remember apart from some great opportunities, there are also some challenges associated with a foreclosure home. Have a look at a few challenges that you should look out for when buying a foreclosed home:
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Published in
Foreclosures and Bank Owned
How to become a Better Real Estate Investor with Your Property Investment Loan
Better investing doesn't just happen accidentally. Good investors work it out full-time. They research, learn and understand the latest market trends in the rental industry of the USA. Regardless of how much landlord experience you have, remember that the competition in the rental property market is fierce.
From big investors to newbies, the number of investors seeking rental property at good locations is soaring day by day. Here you will find some tips that will help you enhance your skills to be a better rental property investor and always stay ahead of your competition.
Published in
Real Estate Investors
How to Choose the Right Home Security System for a Rental Property
Home security systems are not only meant for homeowners, they can also be used by landlords who rent out their property. If you are a newbie to the rental property scene or you are simply wondering which home security system is ideal for you, this article will explain how to choose the right security system for your rental property.
Budget
Landlords are often required to operate their rental properties on a strict budget. Luckily, there are methods to economize on a home security system purchase without compromising quality. Installing the security system yourself can help you save a good amount of money, and most D-I-Y installations can be completed in an hour or so.
If you can devote your time to install the system yourself, make sure that you do it correctly. It can be a fantastic way to reduce your home security costs. Another great way to save money on an alarm system is to go for a hardwired system. Although wireless systems have their own benefits, wired systems are a more budget-friendly choice.
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Published in
General Contractors
How To Be A Good Landlord – Tips, Advice & Responsibilities
Buying a rental property and becoming a landlord comes with a lot of responsibilities and unfortunately stress. A landlord generally deals with tenants and their complaints, high dollar property repairs and many other endless rent tax issues. All these things turn a well-meaning property owner into a jaded landlord.
Oftentimes, as a landlord, it is easy to see your tenants as dollar signs, instead on building a good tenant/landlord relationship. But, establishing a good relation with your tenants and marketing yourself as a good landlord has various benefits. You won't be having any disputes with your tenants over repairs or maintenance. Your tenants are more likely to renew the lease even with a rent increase.
Following are seven tips you can utilize to be a great landlord.
1. Customize the Lease
You can get a standard lease form online or from any office supply store. This will cover the basics of lease, including rent, security deposit cost and legal terms and conditions. You can consider adding any special rules and include late payment fees to maintenance responsibilities. A clear lease with all do's and dont's mentioned, will reduce friction between you and your tenants.
2. Know the Laws
Each state has a landlord and tenant act that covers rent, security deposits, rights and duties of landlord and tenant. You can get the copy of these terms from the Department of Housing office in your area. Get to know about the laws and your duties towards your tenants. In worst-case scenario, violating a tenant’s right may lead you to the civil court.
Published in
Landlord’s Corner
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Here are 10 Questions that Your Home Inspector Should Answer
A home inspector plays an important role in your buy-to-rent property purchase. Below are 10 important questions that you must ask a home inspector before hiring them:
1. What does your inspection cover?
The inspector should ensure that their inspection and inspection report will meet all your requirements and will comply with the code of ethics. You should be able to ask any questions and check if all the areas are inspected or not.
Published in
Real Estate Investors
How To Be Better Real Estate Investor to Conquer Rental Property Arena
Better investing doesn't just happen accidentally. Good investors work it out full-time. They research, learn and understand the latest market trends in the rental industry of USA. Regardless of how much landlord experience you have, remember that the competition in the rental property market is fierce.
From big investors to newbies, the number of investors seeking rental property at good locations is soaring day by day. Here you will find some tips that will help you enhance your skills to be a better rental property investor and always stay ahead of your competition.
Network with wholesalers
Finding investment properties in your area with strong rental income fundamentals is the key to success. This is where wholesalers (people who sell properties at a cheaper rate than market price) can help you secure the best deal. If you are new to the investment market, you must become well acquainted with the wholesalers in your area. You can research the real estate investment groups that operate in your area. Try to attend their events to know the latest property trends. If you are a long-term investor, it is advised to renew your contacts with wholesalers so that they contact you first if there's a good property deal available.
Published in
Real Estate Investors
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Rental Property Lending with Blanket Loans
A blanket mortgage is a type of rental property lending that allows the purchase of multiple parcels of real estate under the shade of a single mortgage. The finance of all the properties is taken as collateral by the creditor.
During the release clause, the integrity of the mortgage can remain unharmed if one or more real estate parcels within the blanket are sold. For example, if an investor acquired a blanket mortgage to purchase six buildings and sold two of them, he/she would still maintain the blanket mortgage for the remaining four properties. A blanket mortgage is often used by real estate developers to finance the purchase and development of land.
The Benefits of Blanket Mortgages with Rental Property Lending
Blanket mortgages offer a more efficient, cost-effective way for real estate investors to acquire financing. For a real estate investor, the alternative to a blanket mortgage would be to obtain separate mortgages for each property. For instance, if a company were planning to build a subdivision with 30 houses, it would need to take out 30 separate mortgages to finance the purchase and construction of the 30 homes.
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Complete Guide to Landlord Financing
Is Buy-to-Rent a Gold Mine as Advertised for Landlord Financing Investors?
What is Buy-to-Rent for Landlord Financing?
Buy-to-rent is pretty much what it sounds like – you buy a real estate property for the purpose of renting it out to tenants. Landlord financing is available because as a future landlord, you are making an investment we can help finance. Why? Because becoming a landlord is just like becoming a small business owner. Your property acts as a medium to long-term investment, but also as a business with proven resources and credibility worthy to finance. Buy-to-rent investment varies a lot from owning your own home.
Is the buy-to-rent market a wise area for landlord finance investing?
The short answer is yes. The buy-to-rent market has grown and continues to grow, thanks to an increasing population that has led to a shortfall in available properties in U.S.
What else drives the rental market for landlord financing?
Published in
Landlord’s Corner
Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240
About Rental Home Financing:
Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.
Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.