When you want to start buying investment property you want to assemble an expert team. Look at your first home as investment property. And always have an exit strategy when buying investment property. Look here for more advice for handling investment property and information about laws and regulations for investment property.
What is a good investment? Ordinary folks become wealthy people through investing in real estate and flipping property. Whether you're using property for rental income or flipping property you have bought and renovated, real estate can help you build wealth. How can you build wealth by flipping property?
A real estate investor asks about doing a cash out refinance of his investment property. Taking cash out during a refinance has become more difficult, especially for investment properties. What can the real estate investor do to access the equity in his investment property?
Is now is a good time to become a landlord? How can the potential landlord learn about the rental property market in his area? If you're considering becoming a landlord you should educate yourself about foreclosures, local rental information and investment properties. If you become a landlord you will become a real estate investor.
The owner of an investment property in Albany, NY, asks what the housing market is like there. He wonders how to gauge the housing market for the investment property he may want to sell. How can he decide what to do with his investment property?
What tax deductions can you take on a primary residence and on a rental property? The IRS does not let you treat a property rental as a primary residence for tax purposes. And what risks do you face if you rent out a property in a homeowners association that prohibits rentals?
When you own a rental property but don't live in the area you need to plan for the property's upkeep including landscaping and possibly a property manager. To successfully hire a property manager you need to have a detailed agreement that outlines responsibilities and payment. Learn how to plan for landscaping needs of an investment property too.
An investment property owner wants to know if there's a way to sell and pay less tax. He asks about gifting the investment property. A 1031 exchange might be an option for the investment property.
When you're buying a home as an investment you can follow some of the same steps as you would when you're buying a home to live in. You should consider the home's location and whether you can afford the purchase. It's especially important to have enough money saved for a rainy day.