Even if you’re new to real estate investing, you’ve probably seen the success stories touted on social media. Real estate entrepreneurs with private jets boasting a glamorous lifestyle and “guaranteed returns.” Newbie investors extolling the virtues of “mailbox money,” passive income that flows in with minimal effort. Over the last decade, the SEC has loosened restrictions on crowdfunding...
More house hunters—particularly move-up buyers—are being drawn to new-home construction in the COVID-19 pandemic, so much so that it’s driving a surge in construction across the country. Single-family starts ended 2020 with the best year in home building since the Great Recession, and 11% higher than 2019. Ultra-low mortgage rates and a shift in housing preferences—including a growing demand for...
Whether it’s stocks, crypto, real estate, house flipping, wholesaling, building businesses or something else, there are so many ways to invest in this day and age. If you want to build long-term wealth, however, it is important to pick an investment strategy that supports your goal. Too often, people lose focus and choose investments filled with exciting stories that overemphasize a few big wins and...
If you’re a first-time homebuyer, you might find yourself intimidated at the prospect of applying for a mortgage. You understand there’s a lot of paperwork to wade through, and you may also fear that you might be denied a home loan, which could dash your dreams of homeownership. However, the more you know about the process the better equipped you will be when it’s time to apply for a home...
For young startups and businesses, finding the capital to get up and running is one of the biggest challenges. Before delving into the seven recommendations, I would like to encourage you to always adapt your funding needs and requests to the business stage you are currently in. For example, you might ask family and friends to contribute to seed capital in the early and middle stages of getting started....
Owning real estate can certainly pay off, but to say it’s unequivocally a better investment than putting money in the financial markets is short-sighted. Over the years I’ve spoken with numerous investors who ended up renting their home when they moved instead of selling, buying an income property just because that’s what their parents did, or buying a rental unit because they weren’t sure what...
Millennials are starting to invest in real estate in large numbers. Individuals aged 36 years and younger accounted for the largest group of the real estate buyers over the last four years, according to the National Association of Realtors. It’s no doubt that this age group is now realizing the power that real estate investments has to make a lot of money. Proper financial management It’s important...
So, you've decided to invest in income-producing real estate for the first time. You have been burning the midnight oil and found a four-plex that has turned your head. You just know this is the right one. Boy, does it have chemistry: It's in a great neighborhood and has recently been remodeled. You love the granite countertops, the quaker wood floors and vaulted ceilings. Oh, but it is a bit overpriced....
Despite the turbulence of the pandemic-impacted economy, real estate continues to be a profitable investment. Home prices rose significantly last year, caused primarily by several factors on the demand side. The new work-from-home economy has driven increasing numbers of adults to move out of high-cost areas and work remotely. Additionally, interest rates have held steady at record lows and, according...
Last year’s housing market was one for the record books, with the gains partly driven by tightening inventories and exceedingly low mortgage rates. In some pockets of the country, housing prices rose well over 10 percent on average. But, it’s not only the big coastal cities that are seeing huge growth. A survey from our experts revealed that many cities with the most growth were inland,...
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