Browsing Tag

real estate investing

Investing

5 Things To Consider Before Investing In Real Estate

In the last few decades ever more of us have started to invest in real estate. Arguably the appeal of sinking money into property has grown since the economic crash, as many traditional savings accounts and investment opportunities have offered ever-dwindling returns.

However, it would be a mistake to think that investing in property offers guaranteed riches. Quite the opposite; as competition for suitable properties has grown, so sourcing the right opportunity that stacks up financially has become ever more challenging.

If you’re considering making the shift from savings to real estate investing here are five of the biggest factors to consider before you purchase your first rental property…

December 1, 2016

Investing

It Is Never Too Late To Invest In Property

If you’ve grown up and matured with the property boom, you have been part of a lucky generation. You may well already have paid off your mortgage, or you may have the end in sight. It is entirely possible that you have some equity in your house. Right now you are thinking about how those investments and pensions are stacking up.

The fact is, interest rates have been low for a while, and this does not look like changing anytime soon. A buy to let investment is still an affordable and viable option for you. It is a chance not only to make some capital gain but also to get an income from a strong and growing rental market. So how do you go about securing a property that will tick both boxes?

November 30, 2015

Investing

How To Save Money When Buying Or Selling Property

If you’re lucky enough to own property, it can help to give you a sense of security and better finances. But it’s not an easy thing to manage, and it can still cause problems. One of the most difficult things to do is sell or buy property. It can be a long and complicated process, and not to mention an expensive one. You can spend months or even a year or more trying to sell, and completing a purchase can take just as long. Luckily, there are ways to save money even on these enormous transactions. Make property trading less stressful with these money saving techniques.

Skip the Estate Agent

One of the significant costs of selling a property is the fees charged by the estate agent. They’ll take a percentage of the sale price when you sell up, which is often a commission of between 4% and 6%. This fee can amount to a significant sum of money, which you’re unlikely to be prepared to lose. If you want to avoid it, you could try skipping the estate agent together. Many home and commercial property sellers choose to sell on their own. They do this by advertising online, in newspapers and elsewhere. Even if you pay to place adverts, you could still save a lot of money compared to using an estate agent.

May 21, 2015

Investing

Save Money With UK Landlord Insurance

Investment properties need to be protected with landlord insurance. As an investor, your standard home or building insurance will not protect you against any damage caused by your tenant. Just like with any other type of insurance that you acquire, it is important to be aware of the policy you choose and the coverage you are entitled to.

What to Expect from your Policy

Knowing what your insurance policy entails can save you significant amounts of money in the long run if you have a claim to make. There are various items that will be covered by landlord insurance and these include damage. Your policy will provide coverage for intentional destruction of property that is carried out by your tenants or their visitors.
The policy will make it possible for you to be reimbursed for rent that is not paid and further cater for the costs that arise from evicting tenants who do not want to pay their rent. Liability coverage refers to coverage for tenants or their visitors who may be physically injured while on the property because of a problem that puts them in harm’s way.
You also need coverage to protect you from theft and for additional protection of your personal items that are within the building or property. While one might think that every landlord would automatically take out insurance for their investment, it is surprising to note that some landlords still rely solely on other types of insurance.

February 17, 2015

Investing

Flipping Real Estate – The Dos And Do Nots

If you’re someone who has an interest in real estate and also in making money, then you’ve probably thought about getting into the business of flipping houses. After all, to purchase a home and then turn around and sell it for a profit can definitely be an attractive endeavor to get involved in.

However, nothing in life is as simple as A-B-C or 1-2-3. Virtually all things have fine print and stipulations to consider before taking on a particular task, including flipping homes. So, before you start to really put some time, effort and resources into it, we’ve provided you with a few do’s and don’ts to think about first:

Do know the guidelines. While there are some real estate rules that apply across the board, there are others that are relevant only to your state or province. You don’t want to take on a project like a home and sell it only to realize that you broke some of the laws surrounding house flipping where you live. Therefore, you need to do your research first.

January 13, 2013

Newer Posts