Useful Real Estate Tips and Information for Buying Land

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

Which are the Most Profitable Buy to Rent Properties?

The most profitable buy to rent properties to add to your portfolio are a lot harder to find than investors tell you. An issue is that investors often just look at rental prices, but there is a lot more that goes into the profitability of a rental than just the outward rental prices. Before we talk about specific properties that rent for a lot, let’s take a look at the top characteristics that renters will look for in a property: Property Factors That Lead to Higher Profits 1. Property Taxes: The property tax rates in the south are favorable, while they’re astronomical in the Northeast. Every town will have an assessment office that will help you learn more about property taxes in the area. If property tax rates are high, you’ll end up with less money in your pocket if rent prices don’t compensate for the higher rate. 2. Crime: Properties in areas where crime rates are high may be cheaper, but they’re less desirable. The goal is to find long-term tenants, and crime-riddled areas have a tendency to have a much harder time keeping tenants for the long-term. 3. Schools: The better the schools in the area, the more […]

Which are the Most Profitable Buy to Rent Properties?

The most profitable buy to rent properties to add to your portfolio are a lot harder to find than investors tell you. An issue is that investors often just look at rental prices, but there is a lot more that goes into the profitability of a rental than just the outward rental prices. Before we talk about specific properties that rent for a lot, let’s take a look at the top characteristics that renters will look for in a property: Property Factors That Lead to Higher Profits 1. Property Taxes: The property tax rates in the south are favorable, while they’re astronomical in the Northeast. Every town will have an assessment office that will help you learn more about property taxes in the area. If property tax rates are high, you’ll end up with less money in your pocket if rent prices don’t compensate for the higher rate. 2. Crime: Properties in areas where crime rates are high may be cheaper, but they’re less desirable. The goal is to find long-term tenants, and crime-riddled areas have a tendency to have a much harder time keeping tenants for the long-term. 3. Schools: The better the schools in the area, the more […]

Which are the Most Profitable Buy to Rent Properties?

What Are the Best Types of Real Estate Investments in 2017?

Want to invest in real estate this year? You’ll find that there are a lot of options available to you that allow you to make money off of real estate. Picking the absolute best type of investment for you is difficult because: finances may not be available, portfolio diversification may not be present and your investment goals are not known. But there are three major ways to invest in real estate: 1. Rental Properties The idea of owning a rental property is a romantic one. You’ll be paying off your mortgage, earning a monthly income and will be able to sell the home in the future for a big profit. You’ll be responsible for paying: – Mortgage loans – Property tax – Maintenance costs – Association fees (where applicable) And all of these expenses ought to be covered by the rental income of the property. What many real estate investors don’t realize is that they won’t make a ton of money off of rental properties in the short-term. The money earned from these properties will be minimal at first until the property is paid off. Landlords may charge a small premium that allows them to reap monthly profits from the […]

What Are the Best Types of Real Estate Investments in 2017?

Want to invest in real estate this year? You’ll find that there are a lot of options available to you that allow you to make money off of real estate. Picking the absolute best type of investment for you is difficult because: finances may not be available, portfolio diversification may not be present and your investment goals are not known. But there are three major ways to invest in real estate: 1. Rental Properties The idea of owning a rental property is a romantic one. You’ll be paying off your mortgage, earning a monthly income and will be able to sell the home in the future for a big profit. You’ll be responsible for paying: – Mortgage loans – Property tax – Maintenance costs – Association fees (where applicable) And all of these expenses ought to be covered by the rental income of the property. What many real estate investors don’t realize is that they won’t make a ton of money off of rental properties in the short-term. The money earned from these properties will be minimal at first until the property is paid off. Landlords may charge a small premium that allows them to reap monthly profits from the […]

What Are the Best Types of Real Estate Investments in 2017?

Top 10 Reasons to Start Investing in Real Estate in 2017

You’ve been thinking about investing in real estate, and it seems like a good choice for a long-term investment. But you, like millions of other people, keep putting off your purchase. “I’ll wait until prices are lower” is one of the most common reasons for not investing just yet. The truth is that it’s good to buy low, and you should do your due diligence, but the longer you wait, the less likely you are to take the dive. If you find yourself in this scenario, we’ve come up with ten reasons you need to invest in real estate now – not next year, but as soon as you financially can. 1. Security in Real Estate There is security in buying real estate. You own a tangible investment, and if you need cash, you can sell the property in the future. And the longer you pay your mortgage on a property or you allow a piece of land to appreciate, the more money you’ll be able to enjoy. You can also decide to build or live in a property you own – try doing that with a stock. 2. Wealth in the Long-Term Long-term investments always provide the largest returns, […]

Top 10 Reasons to Start Investing in Real Estate in 2017

You’ve been thinking about investing in real estate, and it seems like a good choice for a long-term investment. But you, like millions of other people, keep putting off your purchase. “I’ll wait until prices are lower” is one of the most common reasons for not investing just yet. The truth is that it’s good to buy low, and you should do your due diligence, but the longer you wait, the less likely you are to take the dive. If you find yourself in this scenario, we’ve come up with ten reasons you need to invest in real estate now – not next year, but as soon as you financially can. 1. Security in Real Estate There is security in buying real estate. You own a tangible investment, and if you need cash, you can sell the property in the future. And the longer you pay your mortgage on a property or you allow a piece of land to appreciate, the more money you’ll be able to enjoy. You can also decide to build or live in a property you own – try doing that with a stock. 2. Wealth in the Long-Term Long-term investments always provide the largest returns, […]

Top 10 Reasons to Start Investing in Real Estate in 2017

What Are Private Real Estate Auctions and Where to Find Them?

Private real estate auctions allow you to buy real estate at an auction. You’ll bid against other potential buyers, and the prices are lower than when trying to buy a traditional home. But there are some times when the bidding goes much higher than the starting bid, and one bidder will bid much higher than market value. What Are Private Real Estate Auctions? Private real estate auctions are often clubs that allow you to join and bid on exclusive properties. The difference over a normal buying process is that you’ll be able to land a home before anyone else – or a piece of land for that matter. When you become a member of an auction club or you go to a private auction, you get first dibs on the property. But you’ll need to find these auctions, which are often provided through realty companies. Exclusive clientele offer their properties through realty companies, and banks also offer these auctions. Banks that have a property that goes into foreclosure will often auction the property off for abysmally-low prices. Holding onto a property is not a lucrative option for lenders, except for in exceptional cases. Banks don’t want to have to worry […]

What Are Private Real Estate Auctions and Where to Find Them?

Private real estate auctions allow you to buy real estate at an auction. You’ll bid against other potential buyers, and the prices are lower than when trying to buy a traditional home. But there are some times when the bidding goes much higher than the starting bid, and one bidder will bid much higher than market value. What Are Private Real Estate Auctions? Private real estate auctions are often clubs that allow you to join and bid on exclusive properties. The difference over a normal buying process is that you’ll be able to land a home before anyone else – or a piece of land for that matter. When you become a member of an auction club or you go to a private auction, you get first dibs on the property. But you’ll need to find these auctions, which are often provided through realty companies. Exclusive clientele offer their properties through realty companies, and banks also offer these auctions. Banks that have a property that goes into foreclosure will often auction the property off for abysmally-low prices. Holding onto a property is not a lucrative option for lenders, except for in exceptional cases. Banks don’t want to have to worry […]

What Are Private Real Estate Auctions and Where to Find Them?

Building A Lake Home – What You Need to Know

Nothing beats the serenity and beauty of lakefront home. The views are out of this world, and there’s something peaceful about the sound and sight of water. But if you plan on building a lake home from the ground up, you should know that you’ve got a challenging road ahead of you. There’s a lot that could and may go wrong when building near water, and you’ll need to take extra precautions when planning your build. Here’s what you need to know about building a lakefront house: Make Sure the Property is Suitable for Building When searching for land to build your lake home, it’s important to make sure that the property is suitable for building. Even if the description says it’s a buildable lot, you want to do your due diligence and research the property first. Some wetlands are protected, which means you won’t be able to build in certain areas – or not at all, depending on the size and location of the property. You’ll also need consider topography issues that may keep you from building where you want and any other obstacles you may face during the planning/building phase. Also, consider where the septic tank will be […]

Building A Lake Home – What You Need to Know

Nothing beats the serenity and beauty of lakefront home. The views are out of this world, and there’s something peaceful about the sound and sight of water. But if you plan on building a lake home from the ground up, you should know that you’ve got a challenging road ahead of you. There’s a lot that could and may go wrong when building near water, and you’ll need to take extra precautions when planning your build. Here’s what you need to know about building a lakefront house: Make Sure the Property is Suitable for Building When searching for land to build your lake home, it’s important to make sure that the property is suitable for building. Even if the description says it’s a buildable lot, you want to do your due diligence and research the property first. Some wetlands are protected, which means you won’t be able to build in certain areas – or not at all, depending on the size and location of the property. You’ll also need consider topography issues that may keep you from building where you want and any other obstacles you may face during the planning/building phase. Also, consider where the septic tank will be […]

Building A Lake Home – What You Need to Know

Received Inherited Property Documents? Here’s What to Do Next

Most people are under the impression that inheriting property is a simple and easy process. While the rewards can be great, the process can be a bit more complicated than you anticipated because the property must be modified to name you as the new owner. Depending on the circumstances, the process may take months to complete. If you’ve inherited property documents, you may be wondering what to do next. In many cases, a representative from the probate court or the will’s executor will issue a deed with your name on it. Check to Ensure that You Can Inherit The first thing you need to do is check to make sure that you can actually inherit the property. The best way to do this is to find out if the property was jointly owned when the deceased died. If the property was jointly owned, the other owner would have full rights to the property. Prove Order of Succession If the property was jointly owned at the time of the decedent’s death, you’ll need to prove order of succession in order to inherit. Obtain death certificates for both owners and compare dates. If the person you stand to inherit from died first, […]

Received Inherited Property Documents? Here’s What to Do Next

Most people are under the impression that inheriting property is a simple and easy process. While the rewards can be great, the process can be a bit more complicated than you anticipated because the property must be modified to name you as the new owner. Depending on the circumstances, the process may take months to complete. If you’ve inherited property documents, you may be wondering what to do next. In many cases, a representative from the probate court or the will’s executor will issue a deed with your name on it. Check to Ensure that You Can Inherit The first thing you need to do is check to make sure that you can actually inherit the property. The best way to do this is to find out if the property was jointly owned when the deceased died. If the property was jointly owned, the other owner would have full rights to the property. Prove Order of Succession If the property was jointly owned at the time of the decedent’s death, you’ll need to prove order of succession in order to inherit. Obtain death certificates for both owners and compare dates. If the person you stand to inherit from died first, […]

Received Inherited Property Documents? Here’s What to Do Next