Green Residential
If you spend enough time on sites like Pinterest and Houzz, you’ll find yourself itching to renovate your home and introduce fresh, new design elements that scream, stylish! But before you start changing the look of your house, consider whether you’re sacrificing timeless design at the expense of a fleeting trend.
Closet real estate investors often consider transitioning from side-hobby to a full-time gig. With some planning and preparation, you can become a full-time real estate investor and quit your day job.
Now, don’t expect to make a fortune right away. Even if you see a very quick return on your first investment, that money will be gone soon, spent on living expenses and future investments. “A $20,000 check from a rehab may look nice, but after all expenses are paid and everything is said and done, the bottom line will be significantly less,” says Than Merrill of FortuneBuilders.
Rental properties can make for excellent investments. Not only do they increase in value over time, but they also produce steady cash flow. However, there’s a big difference between a low-maintenance, turnkey property and a property that needs its hand held every step of the way. Learning how to differentiate between the two before investing will increase your chances of being profitable and successful.
Some realtors are better at their jobs than others. As an investor, you can’t take the chance of working with a low-quality realtor. An experienced, professional realtor is your key to buying low so that you can sell high…. [Read More]
If you’re looking for a predictable job, there are plenty of career paths to choose from. Landlording isn’t one of them. It requires you to be on your toes – ready to face anything at any moment. To some, this is terrifying. To others, it’s an exciting opportunity that promises to keep things interesting. But one thing is clear: You need to be prepared for whatever comes your way!
One of the beautiful and compelling things about real estate investing is just how much diversity and flexibility there is. Even when you zero in on a niche like income-producing rental properties, you have lots of choices. There are single-family homes, multi-family properties, and apartments. But most people forget about another lucrative niche: condominium units.
… [Read More]
Naturally, we can be quick to point out the flaws in other people’s homes. Whether it’s a terrible design choice or problem with the layout, we can objectively identify issues when there’s no personal or emotional connection. But it’s often hard to tell which mistakes we’re making in our own homes. Whether through blissful ignorance or purposeful denial, we’re generally blind to our own mistakes.
It’s a misconception that landlords get to sit back collecting rent checks from their tenants, without putting in much work. In addition to ongoing property maintenance, finding new tenants to replace vacancies, and regularly updating their knowledge on laws and property management, landlords sometimes need to respond to emergency repair requests.
Are you looking to buy a home? Purchasing your first home is an exciting experience, and one that makes you feel accomplished. Owning a home means you’ll be making monthly mortgage payments instead of monthly rent payments, but your money’s going to go toward building equity—an investment stake in the property that could easily grow in value over time.
The process of building wealth through real estate investing is multi-faceted. Understanding Houston’s real estate market is one component, and developing the right mindset is another. Being a successful real estate investor requires both.