It is a great time to be a real-estate investor. If you are looking to jump in the investor market low home prices and low interest rates make this a great time. According to Zillow.com. the real-estate market is starting to recover: U.S. houses lost $489 billion in value during the first 11 months of 2009, but that was significantly lower than the $3.6 trillion lost during 2008 and things only continue to look up.

While the timing may be right, you will need to have all your ducks in a row. An investment purchase is different than your typical purchase.

Consider your options.

Have a strategy and know what kind of investor you would like to be. Ask yourself if you want to be a landlord, or are you planning on flipping or restoring and reselling properties. What types of properties are you interested in? There are many choices from land, to apartment buildings, residential housing and other commercial real estate.

Partner with experience.

Real estate agents experienced in investment property deals know what to look for in a deal. You may also want to consider asking a more experienced real-estate investor for advice. If you plan on becoming a landlord make sure to familiarize yourself with the local laws regarding being a landlord.

Location, location, location.

If you buy a property with hopes of renting it out, location is key. Homes in high-rent or highly populated areas are ideal; stay away from rural areas where there are fewer people and a small pool of potential renters. Also, look for homes with multiple bedrooms and bathrooms in neighborhoods that have a low crime rate. Also think about potential selling points for your property. If it’s near public transportation, shopping malls or other amenities, it will attract renters, as well as potential buyers if you decide to sell later. The more you have to offer, the more likely you are to please potential renters.

Have capital lined up.

Speak to potential lenders or a financial planner about what you will need for assets and cash flow. You will need to have enough assets to handle the ups and downs that could come with investing. Most experts suggest a fallback of about six months of mortgage payments for landlords. You will need this in case or vacancy or repairs. If you’re planning to fix up a home and sell it, you will need reserves to cover the costs to maintain the home while it is on the market.

Becoming a real-estate investor is much different than being a residential homebuyer. A buying decision is a business decision not one based on emotions.

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LOOKING FOR SOMETHING A LITTLE BIT DIFFERENT AND WANT IT TOTALLY MOVE IN READY!! You will love this totally updated contemporary with an open two story foyer. First floor has an updated kitchen with stainless steel appliance, newer cabinets, ceramic tile and corian counters. Updated 3/4 bath with optional first floor bedroom or office. Dining room and family room are open to each other great for entertaining. Brand new hardwood floors. Family room has contemporary shelving and fireplace. Sliders leading out to a 3 season porch overlooking the fenced in private yard and grill area. Upstairs are three additional bedrooms. Master has new gleaming hardwood floors and bedrooms share an updated full bath with double corian sinks. This home is move in ready with a convenient location close to town, train. walking distance to West middle school and High school. Access to nature walking trails in the woods is just across the street.

More Info on this Property | New Listing Alerts

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LOOKING FOR SOMETHING A LITTLE BIT DIFFERENT AND WANT IT TOTALLY MOVE IN READY!! You will love this totally updated contemporary with an open two story foyer. First floor has an updated kitchen with stainless steel appliance, newer cabinets, ceramic tile and corian counters. Updated 3/4 bath with optional first floor bedroom or office. Dining room and family room are open to each other great for entertaining. Brand new hardwood floors. Family room has contemporary shelving and fireplace. Sliders leading out to a 3 season porch overlooking the fenced in private yard and grill area. Upstairs are three additional bedrooms. Master has new gleaming hardwood floors and bedrooms share an updated full bath with double corian sinks. This home is move in ready with a convenient location close to town, train. walking distance to West middle school and High school. Access to nature walking trails in the woods is just across the street.

This is a Contemporary style home and features 7 total rooms, 2 full baths, 4 bedrooms, 0.20 Acres, and is currently available for $469,900.

For complete details click here.

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Is there really a secret to saving money? It may seem as though it is mystery how your bank account ends up empty every month but there is no mystery to it. While it may be no secret there are three important tips you can follow to help you put more money in your pocket. The challenge is to follow the tips in order to be successful at saving money. The rest is up to you.

1. Create a Budget

You need to know where your money is going. Once you have established where you spend your money you will be able to find places to make cuts. The first thing to do is figure out how much is being spent on housing, utilities, groceries, debt, and entertainment. Once you know where the money is going you will be able to set limits for problem areas. This is the money that you will apply to secret #2.

2. Pay Yourself First

This is a huge secret, pay yourself first. Yes, before you dole out money for bills as soon as your paycheck hits your account; deposit a specified amount into savings. It doesn’t matter how small the amount is, at least you are saving.

Even better , create an automatic savings plan that will automatically deposit money into your savings account before you even have a chance to spend it. This can be done right through your employer’s direct deposit or with a recurring transfer with your bank.

3. Spend Less Than You Earn

If you don’t learn to obey this rule you will never be able to save money. You simply have to spend less money than you earn and there’s no way around that. If you are spending more than you earn you are borrowing money and thus putting yourself into debt.

 

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