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
Finance | Get the real facts about personal finance.
Why 401K’s Are A Bad Idea
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
Master List of Real Estate Syndicators for 2023
Real estate syndication is when a group of people pool their money together to purchase real estate assets.
Typically, there is the real estate syndicator (or sponsor). This person or group identifies the properties to acquire, presents them to the investors, and collects the capital needed to close on the properties.
In contrast, investors contribute capital in exchange for an ownership stake in the property or properties. The investors do not participate in the day-to-day operations of the assets and their financial downside is limited to the amount of money that they invest. [Read more…] about Master List of Real Estate Syndicators for 2023
Top 8 Things You Need to Know about Hard Money Rehab Loans
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
A Guide to the Different Types of Land Surveys
If you’re considering becoming a real estate investor, then one of the simplest ways to do it is to buy land. Why is this?
It’s because land has inherent value, it tends to go up in price over long periods of time, and perhaps most importantly, there is a fixed supply of it. For these reasons, many real estate investors like to buy land in the “path of progress” and then hold it until it can be sold for a hefty profit. [Read more…] about A Guide to the Different Types of Land Surveys