As you delve into the world of real estate investments, it pays to know where you can save money to help your bottom line. Whether you’re planning to become a landlord with rental properties, a property developer, or a home-flipper, using a 1031 exchange can be a beneficial way to build your wealth.
Like other tax breaks, there are several qualifications to consider and mistakes to avoid to make it work for you. Read on to find out what a 1031 exchange is and how you can use it as a real estate investor.
Home improvement TV shows have made house-flipping look like a dream payday. You buy a house that needs repairs at a low cost. You make the repairs. Then, you sell the home to an eager buyer for a huge profit.
Flipping homes can be a great way to build your wealth through real estate investment. But, in reality, there are several considerations to keep in mind before you dive headfirst into house-flipping.
Here’s a quick guide to house-flipping that answers some of the most important questions you may face as a new investor.
Old homes are full of charm and character. Unfortunately, they’re often full of unexpected problems. A fixer-upper can be rewarding, but you have to know what you’re getting yourself into. If you’re looking to buy an older home, make sure you take your time and get as much information as possible. Navigate the market confidently with this list of what to look for when purchasing an older home.
In life, you go through many milestones, and selling a home is one. Whether it’s your first, second, or fifth time selling, you always anticipate the moment where an interested party comes along to give you an offer. However, before you can chase that dream, you need to ensure you’re not making any errors. Here’s a guide on the costly mistakes to avoid when selling your home.
It’s important to ensure your home’s value comes out as high as possible in an appraisal. After all, most of the offers you’ll receive require the buyer to get financing through a mortgage lender.
Essentially, the higher the appraised value of your home, the more seamless the home selling process will be.
Taking the time to prepare your home for an appraisal is your best chance of increasing its appraised value. Here are nine tips to help.