Investment is a great way to secure and multiply your hard earned money. There are many types of investment opportunities around us, each having their own set of pros and cons.
Some investments yield good returns but they are very risky. On the other hand, investments that are safe and secure, usually end up generating less profits. In short, the benefits of investing in property are huge.
We analyzed certain investment opportunities and it is safe to say that real estate is the most secure and stable source of passive income.
Why we consider real estate as the best investment opportunity?
Condominiums can be the best housing option for homebuyers with a smaller budget and would want less burden for maintenance, repairs, security, and landscaping.
Whether you want to buy a condo as your first home or as an investment, owning a condo is a long-term commitment especially when you’re taking a loan to finance it. Normally, a lender will let you choose between a 15-year and 30-year repayment term. A long term would be the better choice for buyers who want a lower monthly payment while the short term saves the buyer a lot of interest in the long (or short) run. Take a look at the different types of 30-year loans and the condo’s qualifications before you commit to a loan package.
Despite all the regulations surrounding the business, buying an Airbnb investment property still remains lucrative. The following are some reasons supporting this.
To begin with, studies continue to show that the short-term rental business, which includes Airbnb, is growing at 7.9% year after year. This means that an increasing number of vacationers and travelers continue to find Airbnb attractive. This is unsurprising considering the benefits that Airbnb offers in comparison to traditional hotel rentals.
Second, Airbnb rentals are more profitable than traditional long-term rentals. For example, consider a 2-bedroom property that rents for about $2,000 a month. Then, consider how much the same property would be able to make if it was an Airbnb investment.
With a reasonable rate of $100 per night, that would mean $3,000 per month in rental income. Even taking considerations like vacancy costs and occupancy rate, an Airbnb investment would still be able to net you more.
Owning an Airbnb investment would also provide you with another home that you could use for your family’s vacation.
Evidently, buying an Airbnb investment property can be lucrative. That said, just like any other real estate investment, due diligence is key. To learn more about different kinds of rental properties, check out this rental management glossary.
Aside from its candid beaches, lavish golf courses and hyperactive nightlife, the next-closest thing Florida is known for is the theme parks. It’s naturally a great tourist and holiday destination for millions all around the country. The same goes for the three dozen or so retirement homes spread throughout Central Florida. Although South Florida gets the greater bulk of attention from these sources, Central Florida has slowly established itself as a paradise composed of active retirement communities.
If you have houses for sale, the first thing that will come to mind is finding low fee estate agents to help with the marketing. “Low fee” agents are necessary because like all property sellers I’m sure you will want to earn as much money from the sale without paying so much as commission. There are a number of ways you can pick the best agent for your property sales, and we will show you how as you read on.
Many property owners have had the misfortune of hiring an agent to sell their property only to find out sooner or later that the said agent is no professional but a quack parading himself or herself as one. Like in all things, experience matters and the level of professionalism your agent brings to bear on the sale will determine how quickly the property is sold and for how much. If you must use an agent for marketing your property, endeavor to hire a professional agency or agent for the purpose. Experienced low fee estate agents who are professionals know who the potential buyers are and will help you negotiate a very high price for your house. All you need to do is to find them and trust them with the sale.
Sellers who have houses for sale take their time to check the previous achievement of agents they work with, and you should do the same. Why so? This is simply because a firm with a high percentage of successful sale conversions will help you sell your house in very little time. Avoiding delays will save you time, effort, and even potential loss of income. Furthermore, they tend to have a long list of buyers queuing up to buy properties they have for sale because they are trusted by all. There is one key attribute to look out if you have houses for sale.
The best way to find out more about the reputation of the low fee estate agent is to read reviews posted by previous sellers they have worked with. Although it is important to note that not all clients may give a 5/5 review rating but if a significant number of clients are happy with the service they got there is a likelihood that you may be satisfied with yourself. Reviews can serve as a marker to help you decide if the agency you are talking to is worth its onions.
Contracting a low fee estate agent for your houses for sale in any other city is a smart way to sell your property on time for the highest possible price. Going to the best service available is one way of achieving this. An agency I have used before that boasts about the above qualities is Boardwalk Property Co.
Whoever you decide to go for, I recommend that you look at their website for the signs of an estate agency you can rely on.
With Airbnb privately valued at $31 billion, people everywhere are opening their homes or buying up properties in hopes of getting a slice of the pie. But as many are coming to realize, it takes more than an empty house to succeed in hospitality.
The same goes for any startup: bare minimum won’t cut it. Whether you’re experimenting with Airbnb or starting a business you hope will be the next big thing, here are three mistakes I regularly see Airbnb newbies make that all entrepreneurs should avoid:
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”→