What is equity? In simple terms, equity is the difference between the value of a house and what you owe. Equity can grow by itself and increase your net worth, providing a source of funds for you to acquire more rental properties. Keep in mind that equity is “invisible money” that only becomes cash when […]
With so much online property data and records, the U.S. is one of the best countries in the world to invest in real estate. So, if you’re a foreigner looking to do Long-Distance Rental Investing in the Land of Opportunity, you’ve come to the right place! As part of our 3-part series on long-distance rental […]
Wondering how you can do long distance rental investing in the US while living in another state? There are plenty of reasons why you might want to invest remotely in the U.S. market: 1. There are better real estate investment opportunities outside of your state or current country of residence. 2. Home prices are too […]
Anything long-distance tends to be trickier, whether that be a relationship or an investment! But if you have the key steps taken care of, the distance will be a mere factor, and not a hindrance to you achieving your rental investing goals. This is the first of our 3-part series on long-distance rental investing. We’ll […]
We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]
These past coronavirus-filled months have been extraordinarily difficult for most landlords. Though way back in March, President Trump expressed positivity that we’d get over this pandemic “quickly,” in reality, nobody knows how long this will last. Many landlords weren’t prepared for the pandemic shut down and didn’t have reserves or financial planning in place […]
Many property investors start out with single-family rentals because they’re easier to acquire and more familiar. As your unit count grows though, you may want to consider buying multi-family properties. A multi-family property may consist of units in a building with a common entrance or units with separate entrances. Several of either building type may […]
You’ve worked hard to accumulate and build your investment portfolio, and you would hate to have to turn around and pay a huge tax bill to get rid of it. If selling your property is not in your best financial interest, you can gift it to a recipient of your choice. The Tax Code dedicates […]
Though the topic about paying off your mortgage is highly debated, the right answer is the one that aligns with your overall goals and investment strategy. There are two diametrically opposed schools of thought when it comes to carrying debt. Some investors prefer to own properties “free and clear,” while others believe that leveraging their […]
The right turnkey rental property may the right real estate venture for you.. The popularity of turnkey rental properties saw an explosion after the housing crisis of 2008. During a time when many homeowners were losing their homes, investors were scrambling to purchase properties to meet new rental demand. Much of that rental market emerged […]