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.
In the current real estate market, mortgage lenders are requiring investment property buyers to make a large down payment. To borrow the money for an investment property, buyers will need to have a large amount of cash up front. Even with excellent credit, it will be hard to finance investment property without a big down payment.
If you have been given property as an inheritance, and share it with others, hire a real estate attorney if there's a conflict. If you share the inheritance property with a family member, hiring a real estate attorney can be tricky. But if the siblings are having a conflict over the inheritance property, sometimes the real estate attorney may be the best, fair way to deal with the conflict.
Investment property owners who have tapped out traditional banks and mortgage lenders may be able to turn to alternate lenders. Prosper.com is a site that connects borrowers with private lenders. You post a "loan listing" which includes some of your personal financial information (you decide how much personal information to reveal) and what you're trying to do online and various lenders will bid for the right to do business with you. You can borrow up to $25,000.
A prospective author is hoping to write a book on how to invest in vacation property. Real estate book writing is a crowded market, but here are a few tips on how to get started.
When you buy rental or investment property you want to protect yourself from lawsuits. If you set up a limited liability corporation (LLC) for each of your properties will that protect your assets from lawsuits? Not necessarily. Learn how a lawyer might still be able to successfully sue you as a landlord even if you have set up LLCs to hold your rental properties.
Investing in real estate is not without risks. Buyers must beware when purchasing investment property -- there's no guarantee your real estate will increase in value. There's no one to blame when investment property doesn't appreciate the way you might have hoped.
When families own property together and some of the owners pass away it means that the remaining owners likely have to split up ownership of the investment property. In order to make the division of this investment property inheritance fair, the owners who want to be bought out should receive their fair share. Those who wish to keep interest in the investment property should pay what they owe. After the ownership issues of this investment property inheritance have been resolved, the family must come together again to determine how the investment property will be maintained.
Owning rental property can be a financially successful investment. Ilyce advises a reader who recently bought her first rental property on how to make her investment a financial success. One of the most important ways to make owning a rental property a financially successful investment is by renting to quality tenants.
Here's one important rule to know about investing in real estate -- you don't make any money until you sell or lease your property. Choosing the right amount of rent or the right list price can make all the difference. These are some of the lessons learned and shared in a brand new book called The Wall Street Journal Complete Real Estate Investing Guidebook.
What should you do when a neighbor encroaches on your land, especially if it is an investment property? Learn from a trial lawyer what he advises for cases of adverse possession. Understanding how to handle adverse possession will help you protect your real estate investment.