Friday, December 6, 2019 / by Harvey Rosenberg
If you're looking to invest in a rental property, these tips can help you not only make the right choice but also save you money in the long term. Seeing as real estate is a good investment, it doesn't have to be limited to the home you live in. Keep these things in mind when purchasing a property with the intention to rent.
Think Long Term
Buying a rental property won't net income immediately. In fact, it may seem as it's costing you more or you're breaking even. However, long term, real estate is an investment. Even if you're breaking even cash-wise, you're building equity and appreciation into the home. As you pay down the principal over the years, your cash flow will increase.
Landlord or Property Management
Decide upfront if you want to be on call 24/7 or hire a property manager. While you can expect a portion of your rental income, typically around 10%, to go to a property manager, it may be worth your time. Managing tenants take a lot of time and effort and i ...
Friday, November 29, 2019 / by Harvey Rosenberg
It's Black Friday, but you likely won't see any top discounts for buying a home. However, buying a home, or any piece of property or real estate is still a good investment for the long term.
What is Real Estate Investing?
From the Motley Fool, "Real estate investing comes in many shapes and forms. If you are getting started in real estate, it's helpful to understand the different types of real estate investments so you can determine which type of real estate is best for you."
Residential real estate is the most popular way to invest, and this includes any property that is used for residential purposes, from single-family to townhomes or duplexes.
These can range from house-flipping as a short term investment, which does involve a lot of upfront capital and time. Or longer term such as rental properties and vacation homes.
Commercial real estate is also common and includes office spaces, storefronts, industrial and storage.
Friday, November 22, 2019 / by Harvey Rosenberg
Remember the phrase in the Christmas song, "And mom and dad can hardly wait for school to start again." Well, while it's beginning to look a lot like Christmas around town, that also means the kids will be out for holiday breaks both next week and in December. We've rounded up our favorite things for kids to do over the holiday breaks.
Mind Masters Escape Room
Mind Masters in Clermont has escape rooms and fun pop-ups throughout the year. Over Thanksgiving break, they'll host a Student Puzzle workshop for ages 10-14. This includes the escape room experience, a tour of the facility and a puzzle design workshop. Cost is $50 per student. Visit their Facebook page for more holiday break workshops and fun through December.
Whether you visit here for the day or sign up for one of their special events, Plaster Cottage is one of the best hidden gems in Clermont. Make a plate for Santa's cookies, or paint an ornament, or just choose your favorite piece to paint. T ...
Friday, November 15, 2019 / by Harvey Rosenberg
Buying a home is a big life event, whether it's your first time or 5th time. Even if you're an experienced home buyer, there still may be some things you may forget about when buying a home. Keep these 5 things in mind when buying a home so that nothing surprises you.
Buying a home is more than the "sticker" price on the For Sale sign. There are added fees such as the closing costs. These usually include things such as loan origination fees, appraisal fees, title searches, title insurance, surveys, deed recording fees, and credit report charges. Talk to your realtor and mortgage broker to find out just what you can expect in the closing costs.
Depending on where you buy a home, you may need to pay Home Owner Association Fees (HOA). Your monthly mortgage payment may or may not include these, so be sure to find out what the fees are, what's included, and how often it is paid. Additionally, determine whether this is rolled into your escrow monthly ...
Friday, November 8, 2019 / by Harvey Rosenberg
First impressions are everything, especially when it comes to buying a home. As a home seller, you need to make sure your home wows the potential buyer from the beginning. Before a buyer ever sets foot in your home, they'll only see the outside in pictures. If they like what they see, they'll maybe do a drive-by, checking out the outside of the house and the neighborhood. Only then will a potential buyer reach out via an agent to see the rest of the home. Do these simple things to increase curb appeal to make a great first impression.
A fresh coat of paint does wonders for the look of your home. It's like putting on the Sunday best for first impressions. The house appears cleaner overall. Go for a neutral if you can, although many homes in the area are a traditional Florida pastel. If your home looks good in yellow or turquoise, go for it. Otherwise, stay close to neutral or the original color to spruce it up a bit.
Next up, power washin ...