Today, around 70% of rental properties are owned by individual investors. According to recent Census data, there are approximately 48.2 million rental units in the U.S. today, which are composed of single-family homes, townhomes, apartments, and other unit styles, such as manufactured housing units. Another common name for manufactured housing units is mobile homes since these units can be moved to a new location by flatbed truck. [Read more…] about Top 5 Reasons to Invest in Manufactured Home Communities
Are you considering purchasing property this year? If so, you’re in good company.
Research shows that in the latter half of 2022, the United States’ homeownership rate increased from 65.8% to 66% in one quarter, and this momentum was expected to continue into 2023. [Read more…] about VA Home Loan Requirements: What You Can and Can’t Use a VA Loan to Purchase
Buying a house is an exciting and nerve-wracking journey. This is because it involves many moving parts and calculations, including mortgage rates, realtor commissions, down payment amounts, and tax considerations. The period between offer acceptance and mortgage signing can be a stressful time.
Given the price point of real estate transactions, you’ll want to negotiate the best terms. With this in mind, you’re likely to wonder, “What’s the best and worst day to close on a house?” Although it’s essential to allow for flexibility during the closing process, the reality is, some days might be better than others to close a real estate transaction.
Read on to learn about the best and worst days to close a house. [Read more…] about The Best and Worst Day to Close on a House
Why are 401(k)’s a bad idea? Why don’t rich people use them? And seriously, are they worthy of being called a scam?
There are more than a few reasons that 401(k)s are a bad idea, including that you give up control of your money, have extremely limited investment options, can’t access your funds until you’re 59.5 or older, are not paid income distributions on your investments, and don’t benefit from them during the most expensive period of your life (child-rearing years).
Did I also mention that your 401k account value may plummet—it happened in 2008 and could happen again. [Read more…] about Why 401K’s Are A Bad Idea
Americans spent over $550 billion in 2022 on home renovations. These can be expensive, and many people had to finance their projects.
Hard money rehab loans are a type of financing that is used to purchase and renovate real estate properties. There are certain factors to keep in mind so you can make the most of them, though.
Here are the top things you need to know as a borrower. [Read more…] about Top 8 Things You Need to Know about Hard Money Rehab Loans