Many real estate investors rent out their properties in order to reap the benefits of passive monthly income while increasing their equity and building wealth over time. Not only are they benefiting themselves financially, but they’re also serving a need for those who may not be financially or emotionally ready to buy a home.
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Buying a home is a big deal, and comes with plenty of important decisions that need to be made. If it’s a single-detached property that you’re looking for, you might be struggling to choose between one-story or two-story homes.
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Buying new home construction is much different than buying resale. As such, you might want to prep yourself for the process before taking the plunge on a new build. Here are some key things to know about buying a new construction home from a builder.
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Homebuyers are always in search of the lowest price on a home purchase. The more house you can get with the smallest amount of money, the better. But snagging a great deal on a home requires a few savvy tactics aside from blatantly throwing the seller a lowball offer. If you go about things the right way, you just might be able to walk away with the home of your dreams at a price you can comfortably handle.
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Existing home sales and median home prices in California ramped up in June while the lowest housing inventory levels were recorded so far in 2017. Here are some key statistics surrounding sales in the Golden State last month.
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Home values have skyrocketed over recent years in many markets across the country. Homeowners who decide to sell anytime can potentially make a big profit if they have a lot more equity in the home compared to what is still owed on their mortgage.
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Owning real estate is one of the most tried and true methods of building wealth over time, and by renting property, you can have someone else pay off your mortgage for you as you build up equity. But as potentially profitable as being a landlord can be, it can also be complex and filled with hassles, especially if the proper protocol isn’t followed. Before becoming a landlord, make sure you’re aware of the following things first to avoid landing yourself in a legal debacle.
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The housing affordability issue has been a dire one throughout the state of California for some time now, but perhaps there’s a light at the end of the tunnel. Recently, the California State Senate approved a real estate transaction fee that could make as much as $300 million available in funding to build more affordable housing across the state.
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Regardless of whether or not it’s a seller’s market, it’s always helpful if your home has the features that buyers are looking for. Here are the top 11 characteristics that today’s buyers want when shopping for a new home.
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One of the keys to making a profit on a fix and flip is to sell as quickly as possible right after rehabbing is complete. The longer it takes to sell the place, the less money will be left in your pocket. When you factor in the carrying costs and the potential for market conditions to fluctuate, you stand a much better chance of reaping a higher profit if you sell quickly.
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