Useful Real Estate Tips and Information for Buying Land

Main Advantages of Buying a Mobile Home; And Where to Find Cheap Ones

Mobile homes get a bad reputation, but a lot of people are turning to these affordable home options because housing prices are too high. A traditional stick built home has the advantage of a traditional mortgage, and the price of a traditional home will increase faster than a mobile home’s price. The main advantages of a mobile home can be broken down into several categories: Rental Opportunities on the Cheap Mobile homes are cheap to buy, and these homes are also a great rental option, too. When buying a mobile home, you have the option to relocate the home to a parcel of land you purchase, or you can choose to: Lease Land – a form of rental where you’ll lease land from the owner establishing rights to keep the mobile home on the property. Mobile Home Park – a mobile home park allows for the proper hookups and needs of a mobile home. These parks can charge fees of $200 – $300 a month. If you have a newer mobile home, the cost of renting the lot and the mortgage can range between $700 and $1,000 per month in most cities. Upscale mobile homes with top-of-the-line amenities can cost […]

Main Advantages of Buying a Mobile Home; And Where to Find Cheap Ones

Mobile homes get a bad reputation, but a lot of people are turning to these affordable home options because housing prices are too high. A traditional stick built home has the advantage of a traditional mortgage, and the price of a traditional home will increase faster than a mobile home’s price. The main advantages of a mobile home can be broken down into several categories: Rental Opportunities on the Cheap Mobile homes are cheap to buy, and these homes are also a great rental option, too. When buying a mobile home, you have the option to relocate the home to a parcel of land you purchase, or you can choose to: Lease Land – a form of rental where you’ll lease land from the owner establishing rights to keep the mobile home on the property. Mobile Home Park – a mobile home park allows for the proper hookups and needs of a mobile home. These parks can charge fees of $200 – $300 a month. If you have a newer mobile home, the cost of renting the lot and the mortgage can range between $700 and $1,000 per month in most cities. Upscale mobile homes with top-of-the-line amenities can cost […]

Main Advantages of Buying a Mobile Home; And Where to Find Cheap Ones

Top Mistakes to Avoid When Buying Houses In Need Of Renovation

It’s a romantic idea – buying a fixer-upper and making it your own. But there are homes that need renovations, and then there are homes that need a complete overhaul. It’s easy to get excited and caught up in the moment when you find a quaint little house in the perfect location at an irresistible price. That’s why far too many home buyers wind up making costly mistakes that they regret later on down the road. Learn from their mistakes and avoid these blunders when buying a fixer-upper. Not Knowing the Market and Overpaying First and foremost, you need to know the local market and the market value of the home. Knowing this information will help you avoid paying too much for the home, or buying in an area where you’re not likely to see a return. On top of knowing the market value of the home, you need to consider the costs of renovating it. Far too often, home buyers take into account only the base value of the home and overlook the fact that they will need to put time and money into fixing the property. Sure, that home may be dirt cheap, but will the cost to […]

Top Mistakes to Avoid When Buying Houses In Need Of Renovation

It’s a romantic idea – buying a fixer-upper and making it your own. But there are homes that need renovations, and then there are homes that need a complete overhaul. It’s easy to get excited and caught up in the moment when you find a quaint little house in the perfect location at an irresistible price. That’s why far too many home buyers wind up making costly mistakes that they regret later on down the road. Learn from their mistakes and avoid these blunders when buying a fixer-upper. Not Knowing the Market and Overpaying First and foremost, you need to know the local market and the market value of the home. Knowing this information will help you avoid paying too much for the home, or buying in an area where you’re not likely to see a return. On top of knowing the market value of the home, you need to consider the costs of renovating it. Far too often, home buyers take into account only the base value of the home and overlook the fact that they will need to put time and money into fixing the property. Sure, that home may be dirt cheap, but will the cost to […]

Top Mistakes to Avoid When Buying Houses In Need Of Renovation

Will Wealthy Foreign Investors Consume Massive Parcels of US Land?

Land in the United States is plentiful. Even if you grew up in an area that was once filled with farms and now is turning into a mini city, you may not realize how rural your city is compared to the rest of the world. The main difference for the United States is that it’s massive compared to most countries. A good example of this would be Germany. The entire country spans 137,903 miles squared. California is able to contain the entire country of Germany with still 15% of the land leftover. Texas is so big that it is double the size of all of Germany. In short, the United States is huge. And while rustling cities may have sparse land availability, all you need to do is drive 30 – 60 minutes from a major city, and you’re surrounded by land that has not been built up. When foreigners cannot find land in their own country to purchase, they will look elsewhere for land opportunities. Wealthy foreign investors are already consuming massive amounts of land in the United States. Don’t believe me? Let’s take a look at a few examples that may change your mind on why you need […]

Will Wealthy Foreign Investors Consume Massive Parcels of US Land?

Land in the United States is plentiful. Even if you grew up in an area that was once filled with farms and now is turning into a mini city, you may not realize how rural your city is compared to the rest of the world. The main difference for the United States is that it’s massive compared to most countries. A good example of this would be Germany. The entire country spans 137,903 miles squared. California is able to contain the entire country of Germany with still 15% of the land leftover. Texas is so big that it is double the size of all of Germany. In short, the United States is huge. And while rustling cities may have sparse land availability, all you need to do is drive 30 – 60 minutes from a major city, and you’re surrounded by land that has not been built up. When foreigners cannot find land in their own country to purchase, they will look elsewhere for land opportunities. Wealthy foreign investors are already consuming massive amounts of land in the United States. Don’t believe me? Let’s take a look at a few examples that may change your mind on why you need […]

Will Wealthy Foreign Investors Consume Massive Parcels of US Land?

In What Cases Do Real Estate Properties Appreciate in Value?

What makes a property appreciate in value? When investing in property, be it land or real estate, value is one of the most important considerations – especially if you plan on holding onto the asset for the long-term. What Causes Properties to Appreciate in Value? How can you determine whether a property will gain value over time? Knowing what to look for and what circumstances can lead to better value and will help you find the ideal property for your investment goals. That knowledge will also help you stay away from potentially dangerous investments that lead to nowhere.   1.      Location, Location, Location   It’s the biggest cliché on the planet, but it’s true: location, location, location is the most important thing when buying property. And location will largely determine whether the property will appreciate in value, remain stagnant or lose value over time. If you get lucky enough (or are savvy enough) to purchase property in an up-and-coming area that’s on the cusp of explosive growth, the value of the property will skyrocket in a relatively short amount of time. Most properties will appreciate in value over time, although some will gain at a slower rate than others. Rarely […]

In What Cases Do Real Estate Properties Appreciate in Value?

What makes a property appreciate in value? When investing in property, be it land or real estate, value is one of the most important considerations – especially if you plan on holding onto the asset for the long-term. What Causes Properties to Appreciate in Value? How can you determine whether a property will gain value over time? Knowing what to look for and what circumstances can lead to better value and will help you find the ideal property for your investment goals. That knowledge will also help you stay away from potentially dangerous investments that lead to nowhere.   1.      Location, Location, Location   It’s the biggest cliché on the planet, but it’s true: location, location, location is the most important thing when buying property. And location will largely determine whether the property will appreciate in value, remain stagnant or lose value over time. If you get lucky enough (or are savvy enough) to purchase property in an up-and-coming area that’s on the cusp of explosive growth, the value of the property will skyrocket in a relatively short amount of time. Most properties will appreciate in value over time, although some will gain at a slower rate than others. Rarely […]

In What Cases Do Real Estate Properties Appreciate in Value?

Land Century Essay Scholarship 2017-2018

As a leading real estate platform, specializing in affordable land & properties across the US, and more specifically California and Florida, one of our core values is to empower learning and education within the real estate market. In order to support one promising student to reach their education goals, we have decided to start a scholarship program called “Land Century Essay Scholarship”, available to all students passionate about business and entrepreneurship . If you believe you are the right person to get our one-time scholarship award of $1,000, please see all details below. Who is Eligible to Apply – High school seniors planning college or university enrollment. – Undergraduate students or students pursuing MBA or Masters Degree. – Must have a cumulative GPA of at least 2.5. How to Apply – Send your essay of a minimum 800 words on “How digital would transform the real estate industry” to scholarship@landcentury.com. Topic variations are welcome but should relate to real estate related IT innovations, marketing and investing. Submission deadline: May 20, 2018 – With your application, please provide your full name, email address and the institution you are currently enrolled in. – Proof of enrollment – scan or image of letter […]

Land Century Essay Scholarship 2017-2018

As a leading real estate platform, specializing in affordable land & properties across the US, and more specifically California and Florida, one of our core values is to empower learning and education within the real estate market. In order to support one promising student to reach their education goals, we have decided to start a scholarship program called “Land Century Essay Scholarship”, available to all students passionate about business and entrepreneurship . If you believe you are the right person to get our one-time scholarship award of $1,000, please see all details below. Who is Eligible to Apply – High school seniors planning college or university enrollment. – Undergraduate students or students pursuing MBA or Masters Degree. – Must have a cumulative GPA of at least 2.5. How to Apply – Send your essay of a minimum 800 words on “How digital would transform the real estate industry” to scholarship@landcentury.com. Topic variations are welcome but should relate to real estate related IT innovations, marketing and investing. Submission deadline: May 20, 2018 – With your application, please provide your full name, email address and the institution you are currently enrolled in. – Proof of enrollment – scan or image of letter […]

Land Century Essay Scholarship 2017-2018

What Are the Best Options to Finance a Multi-Family Property?

Multi-family properties are the optimal choice for real estate investors that aim to rent out units to make money. And many people will choose to live on the property, too, so that they can help manage their investment for less. Duplexes and multi-family properties are able to be mortgaged even if they have four units available. Apartments or larger properties are out of the scope of this post. For this type of development or property, you would need to secure a commercial loan, or try and secure crowdfunding. And there are different options, depending on what you choose to do with the property. Let’s explore a few circumstances and options that you’ll have when purchasing a multi-family property. Owner-occupant Options If you choose to live on the property, too, you have more options available to you. Anyone that is an owner-occupant will be able to secure a traditional mortgage, or they can choose other options, such as: – FHA Loans: The Federal Housing Administration offers loan options that protect the lender in the event that the borrower defaults on the loan. When securing an FHA loan, you’ll also benefit from less stringent qualification requirements and lower loan rates, too. FHA […]

What Are the Best Options to Finance a Multi-Family Property?

Multi-family properties are the optimal choice for real estate investors that aim to rent out units to make money. And many people will choose to live on the property, too, so that they can help manage their investment for less. Duplexes and multi-family properties are able to be mortgaged even if they have four units available. Apartments or larger properties are out of the scope of this post. For this type of development or property, you would need to secure a commercial loan, or try and secure crowdfunding. And there are different options, depending on what you choose to do with the property. Let’s explore a few circumstances and options that you’ll have when purchasing a multi-family property. Owner-occupant Options If you choose to live on the property, too, you have more options available to you. Anyone that is an owner-occupant will be able to secure a traditional mortgage, or they can choose other options, such as: – FHA Loans: The Federal Housing Administration offers loan options that protect the lender in the event that the borrower defaults on the loan. When securing an FHA loan, you’ll also benefit from less stringent qualification requirements and lower loan rates, too. FHA […]

What Are the Best Options to Finance a Multi-Family Property?

The Future of Small Commercial Real Estate

Commercial real estate is normally a prime investment because it allows you to own a very valuable piece of land. Investors that gobble up commercial real estate have the option to simply buy land and hold onto it until a wealthy company comes along and offers a premium for the property because it could be used to boost their own sales. And if buildings exist on this small commercial real estate, they can be rented out or sold for much higher than you would be able to demand from residential real estate. The main factor behind commercial real estate being so expensive is that not only is the property designated for commercial usage, but the real estate is often in a highly trafficked area. Small shopping plazas or malls do so well because of all the people that flock to the area. People may come to buy a pair of shoes, but they’ll window shop or buy a slice of pizza from nearby businesses. And all of the businesses on these lots benefit as a result, leading to more customers and higher profits. But you don’t need to invest in only high-end commercial real estate – small commercial real estate […]

The Future of Small Commercial Real Estate

Commercial real estate is normally a prime investment because it allows you to own a very valuable piece of land. Investors that gobble up commercial real estate have the option to simply buy land and hold onto it until a wealthy company comes along and offers a premium for the property because it could be used to boost their own sales. And if buildings exist on this small commercial real estate, they can be rented out or sold for much higher than you would be able to demand from residential real estate. The main factor behind commercial real estate being so expensive is that not only is the property designated for commercial usage, but the real estate is often in a highly trafficked area. Small shopping plazas or malls do so well because of all the people that flock to the area. People may come to buy a pair of shoes, but they’ll window shop or buy a slice of pizza from nearby businesses. And all of the businesses on these lots benefit as a result, leading to more customers and higher profits. But you don’t need to invest in only high-end commercial real estate – small commercial real estate […]

The Future of Small Commercial Real Estate

What is a Real Estate Inspection Period and How Long Does It Take

You’ve found the perfect piece of property, and you’ve put in an offer. You signed the contract, but now you’ve entered into an inspection period. What exactly is an inspection period, and how long does it normally last? What is an Inspection Period? In real estate, an inspection period is the timeframe during which buyers have the opportunity to perform their due-diligence on the piece of property they intend to buy. It gives buyers an opportunity to inspect the property, and if it doesn’t meet their standards, they can either cancel the contract, or renegotiate the terms. If the contract is canceled, the buyer doesn’t lose money in the process. Buyers can easily back out of a contract if they don’t like what they see during the inspection period. This could be anything from the neighborhood to issues with the home or even a dislike of the local school system. Buyers receive a full refund of their earnest money if they choose to walk away. How Long Do Inspections Normally Last? The length of the inspection period can vary from state to state, but in most locations, this period lasts 10 days, unless another specific length is specified. Buyers can […]

What is a Real Estate Inspection Period and How Long Does It Take

You’ve found the perfect piece of property, and you’ve put in an offer. You signed the contract, but now you’ve entered into an inspection period. What exactly is an inspection period, and how long does it normally last? What is an Inspection Period? In real estate, an inspection period is the timeframe during which buyers have the opportunity to perform their due-diligence on the piece of property they intend to buy. It gives buyers an opportunity to inspect the property, and if it doesn’t meet their standards, they can either cancel the contract, or renegotiate the terms. If the contract is canceled, the buyer doesn’t lose money in the process. Buyers can easily back out of a contract if they don’t like what they see during the inspection period. This could be anything from the neighborhood to issues with the home or even a dislike of the local school system. Buyers receive a full refund of their earnest money if they choose to walk away. How Long Do Inspections Normally Last? The length of the inspection period can vary from state to state, but in most locations, this period lasts 10 days, unless another specific length is specified. Buyers can […]

What is a Real Estate Inspection Period and How Long Does It Take

Top 6 Mistakes to Avoid When Starting with Real Estate Investing

Investing in real estate can deliver lucrative returns, but if you make the wrong moves, you may wind up losing money. A bad real estate investment can quickly turn into a money pit – and keep you from reaching your financial goals. If you’re considering a real estate investment, make sure that you avoid these six mistakes. 1. Not Doing Enough Research If you’re like most people, you probably spend a lot of time researching products before you buy them. Whether it’s a television, a new phone or something as simple as an iron, you should compare reviews, features and prices to make an informed purchase. But if you’re buying real estate, you’re going to have to do a little more research than that. How much research is needed and the type will depend on your plans for property. Are you flipping, renting, or buying for personal use? Along with asking questions about the property, you’ll also want to consider: • The location • The nearby area • Whether the property is in a flood zone • The value of the property – and its potential value • Costs to repair the property (if necessary) • Permit or zoning issues […]

Top 6 Mistakes to Avoid When Starting with Real Estate Investing

Investing in real estate can deliver lucrative returns, but if you make the wrong moves, you may wind up losing money. A bad real estate investment can quickly turn into a money pit – and keep you from reaching your financial goals. If you’re considering a real estate investment, make sure that you avoid these six mistakes. 1. Not Doing Enough Research If you’re like most people, you probably spend a lot of time researching products before you buy them. Whether it’s a television, a new phone or something as simple as an iron, you should compare reviews, features and prices to make an informed purchase. But if you’re buying real estate, you’re going to have to do a little more research than that. How much research is needed and the type will depend on your plans for property. Are you flipping, renting, or buying for personal use? Along with asking questions about the property, you’ll also want to consider: • The location • The nearby area • Whether the property is in a flood zone • The value of the property – and its potential value • Costs to repair the property (if necessary) • Permit or zoning issues […]

Top 6 Mistakes to Avoid When Starting with Real Estate Investing

Selling Your Land? Where to List It and How to Sell Quickly

Selling a piece of land is nothing like selling a home. Many sellers go into the process thinking they’ll have no trouble unloading their property, but finding a committed buyer can prove to be a difficult task. Why? Because land buyers are nothing like home buyers. Home buyers want a property that’s move-in ready with a gorgeous kitchen and a backyard for the kids (or the fur kids). But land buyers are looking for the perfect location and a lot that will fit their needs, be it home development or an income-producing venture. It’s also not as easy for buyers to fall in love with a piece of land as it is for them to fall in love with a home – unless your land has stunning views. The market is also less active, so sellers need to be patient. Sure, there are lot of challenges to selling a piece of land, but not all hope is lost. If you know where to list your property and how to market it properly, you won’t be waiting months or years to secure a buyer. Where to List Your Land When it comes to listing your land, you have several options: local […]

Selling Your Land? Where to List It and How to Sell Quickly

Selling a piece of land is nothing like selling a home. Many sellers go into the process thinking they’ll have no trouble unloading their property, but finding a committed buyer can prove to be a difficult task. Why? Because land buyers are nothing like home buyers. Home buyers want a property that’s move-in ready with a gorgeous kitchen and a backyard for the kids (or the fur kids). But land buyers are looking for the perfect location and a lot that will fit their needs, be it home development or an income-producing venture. It’s also not as easy for buyers to fall in love with a piece of land as it is for them to fall in love with a home – unless your land has stunning views. The market is also less active, so sellers need to be patient. Sure, there are lot of challenges to selling a piece of land, but not all hope is lost. If you know where to list your property and how to market it properly, you won’t be waiting months or years to secure a buyer. Where to List Your Land When it comes to listing your land, you have several options: local […]

Selling Your Land? Where to List It and How to Sell Quickly