ABAB : Profitable Rental Property

6 min readJul 15, 2017

From the first decision to invest in real estate to actually buying your first rental property, there is a lot of work to be done. This task may be daunting for the first-time investor. Owning property is a tough business and the field is peppered with land mines that can obliterate your returns.

What is ‘Income Property’

Income property is property bought or developed to earn income through renting, leasing or price appreciation. Income property can be residential or commercial. Residential income property is commonly referred to as “non-owner occupied”. A mortgage for a “non-owner occupied” property may carry a higher interest rate than an “owner occupied” mortgage as it is viewed by lenders as a higher risk.

Starting Your Search

Although you may want a real estate agent to help you complete the purchase of a rental property, you should start searching for your investment on your own. Having an agent can bring unnecessary pressure to buy before you have found a property that suits you. The most important thing is to take an unbiased approach to all the properties and neighborhoods within your investing range.

Your investing range will be limited by whether you intend to actively manage the property (be a landlord) or hire someone else to manage it. If you intend to actively manage, you should not get a property that’s too far away from where you live. If you are going to get a property management company to look after it for you, your proximity to the property will be less of an issue.

Abab.io is a decentralized marketplace for renting a place that solves the problem of trust between the host and the guest in a block chain. Our team is applying a single guest and host database to the blockchain, with all the announcements made by the hosts, all the relationships between the guest and the host, and the booking and agreement systems between the guest, the host and the partner. Partners are third party service and interface developers for both hosts and guests.

http://preico.abab.io/

Difference Between Financing a Home and an Investment Property

While borrowers securing a loan for a primary residence have access to an array of financing options, including FHA Loans,VA Loans and conventional loans from a variety of banks; in most cases, it is more challenging to procure financing for an investment property than for a primary residence.

In particular, insurers do not provide mortgage insurance to investment properties, and as a result, borrowers need to have at least 20% down to secure bank financing for investment properties.

Additionally, to approve borrowers for a mortgage for an investment property, banks insist on good credit scores and relatively low loan-to-value ratios. Some lenders also require the borrower to have ample savings to cover six months’ worth of expenses on the investment property.

Abab.io

is aiming to be a decentralized marketplace for accommodation rentals where Blockchain technology solves the trust issue between host and guest. In contradiction to traditional marketplaces for accommodation, Abab will be an open technology, creating opportunities for third-party developers — so called ‘partners’ — to create services and interfaces based on the provided data for both hosts and guests. 30% of the AbabCoins will go to ABAB.DAO, a decentralized autonomous organization used for developing projects and helping partners in the formation of their products on the Abab.io marketplace.

It is a decentralized project that solves the problem of the property of the immovable with the guest and the problem of the space that you will reside with the blockchain. It will bring an unusual new concept like the realtors

1- Smart contract based mutual trust relationship
2- All Property Owners will be consolidated into a database and an interface will be created for all details (language, currency, mobile)
3- API support for intermediaries, easy stepping into the sector and low commission fees.

The number of people who love to travel and do not want to spend a lot of money is increasing more and more. The biggest problem of travel lovers is that they are having difficulty finding suitable places for their budgets on the go. Airbnb etc for this. A few platforms to remove this problem from the middle of the house with travelers, hostel rooms and so on. Bringing together those who want to hire.

They are on their way to add another one. Abab.io wants to use the blockchain infrastructure to solve these problems transparently and securely. In this way payment will be made more reliably and quickly. More importantly, Abab says the platforms currently used do not have databases. That is past rental data; There is no fee, no price, no time. On the other hand, Abab will create a safe relationship between the customers and the houses that open the door. In addition, it is worth mentioning; No permission will be required to access the ABAB database.

Abab Coin’s Project Concept

30% of the Ababcoons distributed in the ICO process will be transferred to Abab.DAO (decentralized autonomous organization). This will be managed by the owners of DAO AbabCo. It is designed to help business partners develop and promote applications on the Abab.io network.

Ethereum network can experience scaling problems; The cost of operations and execution times may increase. During the system development process or during another operation, the network may need to be moved to another block chain. This is a matter of ethereum’s own chain. So it is always important to be able to switch easily to the effective chain.

Traditional crowded plans are striking in terms of high transaction costs. The project receives funding transparency through fund collection through the ICO. An additional advantage is the acceleration of opinion evaluation.

The value of an Ababco icon during ICO is $ 0.10.

RoadMap

The project, which will continue the IPO process until September 2017, will take place in 2018. According to the project schedule, the platform will be open to homeowners and tenants in the first half of 2018. If the project catches a good community it is likely that good returns will be achieved. In today’s world, every aspect of the internet makes you feel like you are now. In addition, something powerful can emerge when the power of blockhain technology is added.

The important thing is that the team can accept and place itself in the market. Otherwise it will be very difficult to make a profitable return to the investors of the money they collect. We have seen that many of the prod- ucts that were built in different areas before and that have a real chance of success are garbage. We must not forget that this is not only about capital, but also about strong customer relationships, advertising and good service. Therefore, I would like to share the information that those who want to invest with the team with all the information below.