Multi-family real estate investing is a great way to scale your real estate investment career. To get some deeper insight into the multi-family world, we recently spoke with Lucas Hall, founder of Landlordology. Lucas started his career at 24 years old with a rental property and has since developed a profitable real estate portfolio across three states. In addition to his properties, he teaches other property owners and managers how to successfully manage their rentals, build wealth, and keep their tenants happy.
Active income is the money earned on work that is performed on a daily basis. Some people have the ability to produce passive income, also referred to as residual or recurring income. Passive income is money you continue to earn after the initial work is completed. The goal for many investors and entrepreneurs is to keep earning money after the heavy lifting is done, with a stream of income outside of their regular paycheck.
There are a lot of benefits to single-family real estate investing, whether you’re planning to fix and flip or take on tenants. It’s a great place to start out with investment properties, allowing you to learn the ropes in a lower risk scenario. But just about every real estate investor eventually sets their sights on multi-family properties, and for good reason.
Single-family properties are exactly where beginners to real estate investment should start. You’ll get a great idea of how to scout for properties, how much those properties should cost, how intensive the renovations will be and how much you’ll be able to sell the property for when you’re done. They’re perfect for people looking to cut their teeth in a new financial endeavor.
Creating a diversified stock portfolio will produce higher returns, because holding similar stocks tends to lead to similar returns for better or worse; whereas coupling alternative investments on top of your stock holdings can theoretically lower your portfolio’s risk, and even lead to better returns over time.
Whether you are planning to purchase an investment property to rent, turn into an Airbnb, or to fix and flip, 2018 is quickly becoming a great year for real estate investing in Baltimore. With a steady, dependable economy, Baltimore is a very reliable market for investing; however, with houses being sold very quickly and the current rise in prices, you need to know exactly where to buy so you can act both quickly and smartly. So let’s take a look at the best neighborhoods for real estate investment properties in Baltimore, MD.
There’s a lot that goes into a home you purchase to fix and flip in Baltimore, MD — it’s more than just slapping on a fresh coat of paint. You need to know where to buy, what price to sell at, where to get your supplies, contractors to call for the things you can’t do yourself, etc. You’re putting a lot of your money on the line to turn a fairly quick profit, so let’s make sure you have all the information you need before signing on the dotted line. Here are some great resources for helping you turn your fix and flip property into a lucrative investment.
Once you’ve decided on a real estate investment in Richmond, Virginia, you’re going to need financing. That’s where Walnut Street Finance comes in - with years of experience in investing and development in the area, we’ve helped countless investors achieve their investment property goals, and we’re here to help you do the same.
Real estate investing is a common practice within Washington, DC, where almost 1 in 5 homes was an all-cash purchase in 2017. One of the most common ways to invest in DC real estate is to purchase homes that are in need of rehabilitation. Whether it is through extensive repairs or a simple bathroom remodel or two, all investors know that they must calculate the anticipated After Repair Value (ARV) before they embark on a house flipping journey.
Carol Scott, and her husband J Scott, had high-paying corporate careers before giving them up for a life that would allow them to focus on family. This Mother’s Day, we spoke with Carol about real estate investing and motherhood. Read our conversation below to find out how she got started, why real estate investing works for her family, and what advice she has for other moms interested in real estate investment as a career.
These days, it has almost become a cliche that major U.S. cities situated near the coasts have outrageously expensive real estate. Yet the truth is that while many of these cities certainly have plenty of high-end properties, they also feature strong small to mid-range markets for buyers and and those interested in real estate investment.