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
Real Estate
VA Home Loan Requirements: What You Can and Can’t Use a VA Loan to Purchase
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
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
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
3 Strategies to Lower Your Property Tax Bill
Regardless of the state you live in, your property taxes are calculated by multiplying a home’s assessed value by its property tax rate. This tax rate will depend on where you live.
This figure will typically ranges from 1 to 1.5% of your home’s assessed value. Currently, New Jersey has the highest property tax rate in the U.S. at 2.21%.
Given that this can be a hefty number, how you can reduce your property tax burden?
In this article, we’ll go over the top three strategies to help you lower your property tax bill and get some rest. Ready? And action. Let’s get into it. [Read more…] about 3 Strategies to Lower Your Property Tax Bill