Real estate is a proven, time tested method of investment. It can be a lucrative, worthwhile investment that allows you to create long term wealth. It can be overwhelming for a new investor for where to start or look. So here are 10 rules about real estate investing that you should always keep in your mind to increase your chances of success.
1. Know your goals before starting
Different people have different goals and objectives within real estate investing. Everyone wants to be successful with real estate investing, but you need specific goals with a clear road map to always move in the right direction. You are more likely to reach your long-term goals if you divide them into smaller milestones. These goals could include buying a certain number of properties in a time frame, or certain type of properties. If you have goals clearly spelt out in your mind, you will be more focused and more likely to succeed. Continue reading “10 Rules to Always Keep in Mind For New Real Estate Investors”→
Known as “The earth’s largest beachfront progression in the world’s speediest expanding city,” Dubai Waterfront is surely a remarkable offering on an inconceivable scale. This city has come about as the single most eye-catching and gorgeous metropolitan areas on the planet. A multicultural city that has continuously developed to turn out to be an international town and a business and social hub of the UAE East, Dubai is really a burning pot of various ethnicities, civilizations, and customs.
Created and state-of-the-art, the metropolis of the city, as well as its steady and safe economic climate, has improved the typical consumer’s standard of living. The steady and sound economic climate has led to a development in national infrastructure amenities, housing and lodging, solutions and business advancement and so forth. This has consequently, triggered a better and improved standard of living, growing income possibilities, visitor influx as well as business activities all across the area. Each one of these elements has played out their part within the cultural and affordable upliftment of the town in general highlighted by Dubai’s Luxury Brokerage – LuxuryProperty.com. Continue reading “A Family Guide of Dubai Waterfront Living”→
Visionary developers are being courted aggressively by city leaders throughout the country. They are also in high demand by other public officials, including university planners, transit authorities, county officials, school administrators and public hospital leaders. There’s a reason for this new popularity – mixed-use development has become one of the hottest new tools for generating revenue that public officials badly need.
Urban developments are the perfect vehicle for blending together retail, housing, entertainment, parks, health care and cultural facilities to create “communities” that attract people and businesses. This type of project is every municipal leader’s dream because of the benefits that are possible.
New development projects increase property tax and sales tax revenues. They result in economic stimulus that lasts for decades. And, if these projects are collaborative in nature, they also produce new revenue streams for cities. Falls Church, Virginia, analyzed eight mixed-use developments recently and reported that the projects generated $3.8 million in net revenue annually. Gross revenue of $10.6 million per year was generated by the projects when all city tax sources were included. Continue reading “Developers are in high demand!”→
Real estate has always been a wise investment. When you want to see your cash grow beyond anything a standard bank account can ever bring, wise investments in rental properties can prove well-worth their weight in gold. The trick is knowing how to find the right property in which to invest—and understanding what’s actually involved with being a landlord—before you find yourself falling down a money pit.
Before you go shopping for your next piece of real estate, here are three things you need to consider:
1. The Condition of the Property
You want to find a property that won’t devour your wallet when it’s time to get it up to code.
Plenty of people find fixer-uppers they can’t live without, and make a lot of profit by flipping these properties into desirable rentals. Before you endeavor in this route, you need to know what exactly is involved with putting it back into livable conditions. If you are new to the business, you need to be getting contractors out to the house once you are under agreement to make sure the roof, siding, foundation, electric, plumbing, etc.. are in good condition. You will also want estimates if anything needs to be replaced or fixed. One of the biggest mistakes novice investors make when purchasing a rental property that is a fixer upper is they do not allocate enough money for the renovations/repair costs. Continue reading “3 Things to Consider Before Investing in a Rental Property”→
Finding that perfect spot, where you come back and unwind after a hard day at work can be a difficult job, especially if you’re not the type of person that can be easily pleased, by any random location.
You have to look through various listings, see if they fit your budget and eventually go check out the place by yourself, just to be sure that everything is ok.
All these things take a lot of time and nerves and we strongly believe that you want to avoid being put in such a situation. In this case, we’re pretty sure that you’re wondering if there is not an easier solution, like doing it online. Well, you said the magic word: “online”.
If you’re among those looking forward to buying a condo using an FHA loan, there’s one crucial aspect you should be aware of: the location must meet a few requirements and be included on the FHA Condominium Approval List. Basically, condo associations must apply to have their project added on the list, first thing first.
What’s an FHA approved condo?
Such locations are basically residential condominiums that meet all the property eligibility requirements and are, of course, available for purchasing the above-mentioned loan. The Federal Housing Administration insures one unit condos in which you can get either a 15 year or a 30 years fixed-rate mortgage.
Generally speaking, any condo can be bought using many different types of home loans, even conventional loans. However, if you want to get one through an FHA loan, the property must be approved by the Administration. Continue reading “Is condo FHA approved?”→
Becoming a non-habitual resident of Portugal is in your best interest and one of the best kept secrets among the European elite. For the modern investor, Portugal provides a number of unique and promising opportunities. With a long standing reputation for historically steeped culture, wine production, one of the world’s top seafood industries, and ideal weather, Portugal sees millions of tourists arrive on it’s shores each year. Maybe you’ve even been one yourself, if so now is the time to exchange your tourist status for an entirely different title: Non habitual resident. If Portugal has you coming back year after year to enjoy all the things this beautiful country has to offer, or if you’ve never been and are looking broadly at possible investment opportunity, Portugal houses a tax regime and quality of living that appeals to anyone. Let me just break it down for you. Continue reading “Why You Should Become a Non Habitual Resident in Portugal”→