Owning rental properties can be a lucrative investment, this is why always looking for ways to grow your business would be a wise path to head down. In this post, we are sharing 3 tools that can greatly benefit you as a real estate investor, and will have you growing your portfolio in no time.
The Freedom Cheat Sheet by Clayton Morris
Sometimes it’s wise to follow in the footprints of the experts. There are many self-help financial gurus who write books or hold seminars. One such person is American investor Clayton Morris. For him, creating passive income through real…
When it comes down to it, real estate investing is all about your return on investment. If you choose the right property, manage it well, and learn how to increase its value without spending a fortune, you can quickly build your real estate portfolio.
Many people don’t realize the potential their homes have to bring their financial profiles to the next level. Once you’ve paid off your home or other property, you can begin to act on its investment potential. …
Maximizing your retirement fund should always be a priority, even if you’re young and just starting to delve into financial investments. Self-directed IRAs not only allow you to prepare for your retirement but, if done well, can also make you rich . In order to achieve this lofty goal, you’ll need some great advice. Keep the following tips and strategies in mind to give yourself limitless financial possibilities in the future.
What Is A Self-Directed IRA?
A self-directed IRA is a retirement account that allows investors to have more control over their fund’s buying and selling decisions. In contrast, traditional…
One of the hardest aspects of real estate investing is selling a property. When is the best time to put a home on the market? Who do I sell to? At what cost should I set my listing price? These are all valid questions those in the real estate industry should carefully consider. Mistakes happen even to the best in the business , and they can cause major setbacks. Avoid the mistakes below to attain the best financial results possible in all of your real estate endeavors.
Consider Overlooked Costs When Selling Real Estate
When selling a home, it’s essential…
Freelancers should know that there are several tax deductions they can take advantage of while using their residence as their place of business. Nobody understands more than the entrepreneur how important every dollar can be, so each one that can be put back into the business is going to be beneficial in the long-run. The other oversight by many small-business owners is the fact that the U.S. government wants to encourage small businesses and generate money that will go back into the economy, so it’s in their best interest to provide incentives to help people do just that.
Standardized vs…
Regardless of whether you are someone who is venturing into the world of real estate investment for the first time or trying to expand your portfolio, you are going to need capital for the purchase. There are several ways to do that, depending on your situation.
Use Cash-On-Hand
If you are someone who has cash-on-hand sitting in a bank account, don’t be afraid to use it. …
There is a big difference when it comes to purchasing a rental property and managing one. Contrary to popular belief, they are not one and the same thing and require very different skill sets. If you are someone who enjoys dabbling in real estate as a part-time side hustle, but you have no actual management experience, then you definitely should not also attempt to tackle the property management on your own. There are many reasons to hire a professional property manager, but the main ones are time, money, and stress.
Strategic Tenant Placement
An experienced property management team can faster…
Are you convinced that you need to perform a cost segregation study, but aren’t sure if you should do it yourself or hire a professional? There are several reasons why it’s worth the investment to hire a professional rather than try to do it on your own.
Here are four reasons why performing a cost segregation study yourself would be a big mistake financially.
A Professional Will Document Everything Properly — You Probably Won’t
If you aren’t a professional, there’s no way to know if you’re documenting your cost segregation study properly. …
Buying a house comes will some serious tax advantages, but did you know that there are more tax advantages for buying new construction properties than for existing homes? Here are three of the big ones:
Deduct Interest from Construction Loans
When you build a home, rather than taking out a traditional mortgage, you can get a construction loan . This loan covers the costs of building and eventually converts into a normal mortgage.
As long as the home you are building is a primary or secondary residence, you can deduct the interest that you pay on a construction loan for…
If you have “bad debt” such as unpaid credit card balances, car loans, or other types of consumer debt, you may be looking for a way to pay them off as quickly as possible. If you own a home, you may be able to eliminate this debt sooner than you think by utilizing a home loan in various ways.
Let’s dive in to see how you can take advantage of your personal property with different home loan strategies.
Refinance Your Home Loan
Depending on when you acquired your mortgage, it might be beneficial to refinance. Interest rates are low, so…
Morris Invest
Morris Invest helps relieve people of the burden of debt by getting them connected with the wealth building power of real estate. Visit MorrisInvest.biz.
