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
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The Best and Worst Day to Close on a House
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
Top Secrets of Wildly Successful Real Estate Investors
In my opinion, there are six secrets that characterize wildly successful real estate investors. If you’re going to get into the real estate game, it’d be worth reviewing these critical traits.
It truly is the secret to success.
If you embody these critical traits, then by all means, dive into real estate investing headfirst.
The truth is, more millionaires will be created from the current recession than were created in the past DECADE—and maybe longer. [Read more…] about Top Secrets of Wildly Successful Real Estate Investors
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