Trusting another individual with your property can be nerve-wracking because it's difficult to gauge how well they'll care for their home from a viewing and rental application alone. However, there are several steps you can take to help ensure that you select responsible tenants that will take good care for your property while they live there. 1. Make Your Home Desirable When creating your rental listing, show your property at its absolute best and list its attractive features. The listing should be well written with proper capitalization and full sentences, even if it's only going on … [Read more...]
How to Become A Billionaire Land Trader
Trading land like a billionaire relies on three simple premises. The first one is to acquire the land for cheap. The second one is to never intend to sell it. The third one is, if you trade it, trade up. Howard Hughes Billionaires that start with an inheritance have an advantage. Howard Hughes was born into wealth. His father invented an oil drill that penetrated difficult, hard rock, which made Howard Hughes one of the richest men in the world from his inheritance. Hughes visited Las Vegas during WWII for the first time. Then, in the 1950s, he traded some parcels of desert land that he owned … [Read more...]
Redevelopment Opportunities Abound
Houses for a dollar. Millions (perhaps billions) in tax incentives. Reclaiming contaminated land. Partnering with Walmart to build town centers. What do all of these things have in common? They are examples of exciting redevelopment opportunities in different parts of America. HUD Dollar Homes The U.S. Department of Housing and Urban Development (HUD) offers homes for $1. Local governments may purchase them if they listed for sale without finding a buyer for six months. HUD acquired these homes through foreclosures. The local governments purchase the homes for $1 so that they can fix them up … [Read more...]
Do You Own an Income Property? Here Are Four Tips for Finding Great Tenants
Trusting another individual with your property can be nerve-wracking because it's difficult to gauge how well they'll care for their home from a viewing and rental application alone. However, there are several steps you can take to help ensure that you select responsible tenants that will take good care for your property while they live there. 1. Make Your Home Desirable When creating your rental listing, show your property at its absolute best and list its attractive features. The listing should be well written with proper capitalization and full sentences, even if it's only going on … [Read more...]
3 Ways That You Can Leverage Mortgage Financing to Build a Real Estate Investment Portfolio
Real estate may be one of the most important things that you will ever invest in, but it can also be a useful means of increasing your financial well-being. If you're getting into the real estate game and are wondering how you can make use of investing in homes to improve your net worth, here are three ways you can successfully work towards a real estate investment portfolio that will make you proud. Home Equity Line of Credit Loan Also known as HELOC, this is the type of loan where a homebuyer taps into the equity of their home while they are still paying off their mortgage. As the equity … [Read more...]