Real Estate Blog
Top Commercial Real Estate Due Diligence Mistakes to Avoid
Any purchase in the commercial real estate industry is a huge investment. To the contrary, due diligence in commercial property investment is rarely talked about. Other factors such as raising money and negotiating the deal are mostly given more attention. Whether you’re a commercial real estate professional, tenant, buyer or seller, understanding the importance of due diligence is vital. Conducting due diligence helps you avoid costly mistakes and improve your skills as a real estate investor. Investors who focus on other aspects of the deal and fail to do the essential research most make expensive mistakes at the end. Below are the top due diligence mistakes from a 31-year investor that you should avoid.
What are Abandoned & Vacant Properties
Whenever we come across the term ‘vacant property’, we often picture an empty place, bereft of any owners. It is often said that buyers usually observe vacant properties, and then arrive at their conclusions based on personal tastes and preferences. Neighbors may think of them as an eyesore, but for interested investors, they can be quite a lucrative catch if they know what to look for.
Today we will delve into what you should know about vacant properties, and how you can make the most of your deals.
6 Steps to Take When Saving For Your Home
Ready to start saving for your home? By now you must have figured out how to determine your timeline for buying your home, depending on your available funds and the type of down payment that you are able to make on it. You know how much you will be spending every month.
Usually, it’s not too out of the ordinary for you to feel discouraged about that down payment you’re putting down for the house. This is because most people think of it as a huge lump sum to be paid. A better approach would be to consider breaking this sum down into a monthly savings target so that you can save for it mindfully without feeling too overwhelmed.
Rental Property: Key Challenges Faced By Landlords Today
Investing in rental properties can be a very lucrative venture. Landlords earn a great deal of income monthly especially now that many people find it convenient to rent rather than buying a home. Steady cash flow from your investment properties can allow you to have early retirement and achieve financial freedom that others only dream about. However, there’s no investment that is without risks. There are a number of challenges that landlords face before they start getting income from their investment. While you may have these challenges at some point as a landlord, they are worth the effort and commitment from you. Dealing with the challenges may be a hard task but they shouldn’t kill your rental investment dream.
5 Benefits of Velocity Banking– Part 2
Apparently, velocity banking looks like an easy way out from the entire mortgage scenario. But there are certain rules that you need to follow in order for things to make sense.
Over the course of time, the concept of velocity banking has been tried and tested. And it is being used by many people to pay off their mortgages. Let’s look at the pros and cons of velocity banking.
Home Pricing Mistakes
It is a well-known fact that home pricing strategy makes or breaks your chances of cracking a deal when it comes to real estate. But pricing is not always as simple as it sounds. Things get complicated when you start attaching a price tag to you real estate; it is not just about numbers actually. Wrong home pricing can result in frustration on part of the seller and you. As an agent it is your duty to make sure your clients have placed the right price on their property.
Five Common Land Investing Myths Debunked
In real estate investing, there are many myths perceived to be true. Land investing is not an exception as there are popular myths in this niche that mostly cause tension, anxiety and confusion among investors. Land investment can be a lucrative market venture for newbie real estate investors. However, there are many misleading ideas and myths that keep them from stepping into the market. Until you realize the reality about land investing, you may have cold feet over myths that are only misleading. In this digital age, getting misinformed is one thing you should be vigilant about. However, you don’t need to be confused anymore, we got you covered.
Invest in Real Estate with Someone Else’s Funds
Real estate can prove to be rather lucrative as far as investment opportunities go. However, despite its attractive returns, many people shudder at the prospect of investing in it. This is because in order to start out with real estate investment, a huge amount of capital is required. You can invest in real estate, and in fact, it’s possible without you having a huge chunk of money for the purpose.
Here are a few ways you can invest in real estate with someone else’s money.
Top Five Reasons You Should Sell That Investment Property
Most property investors can agree that at some point in life they asked themselves whether or not to sell an investment property they own. Commercial Property is one of the greatest investments you can have for long-term wealth creation. However, just like any other investment, there comes a time when you have to evaluate your position and consider your options in terms of time. As an investor, you may have a diverse portfolio to help mitigate investment risks. While buy and hold may seem a better way to invest, there are times when you just need to implement some changes on your portfolio. But how do you know when to sell? Knowing when to buy and when to sell is a vital part of a real estate investment strategy.
Financial Literacy
Financial literacy has been stressed upon ever since the introduction of financial institutions. Banks and government institutions have made finances a bit tricky for a lay man. That is why financial literacy has now become a matter of grave importance.
The term financial literacy means the basic understanding of various financial areas. These areas include personal financial management, money (on the whole) and investing. Financial literacy is the education and understanding of various financial areas including topics related to managing personal finance, money and investing. This topic covers the importance of financial literacy and also includes knowledge of making proper personal finance decisions.