Everything You SHOULD'VE Been Taught in School.
With all its terminology, stepping into the world of investing can be daunting. Nonetheless, an important concept to understand is the equity multiple.
But what is an equity multiple and how can you use it to evaluate the strength of an opportunity?
Also, when and why would you use it over other key performance metrics? Keep reading to learn these answers below. [Read more…] about What Is an Equity Multiple and How Do You Calculate It?
Home equity can be a major benefit of buying a home. You can find many amazing places to rent, but if you’re the tenant and not the owner, then you won’t benefit when the property value goes up.
The difference between your current home value and the amount of your mortgage loan is called equity. The equity in your home can be cash in your pocket with a home equity line of credit (HELOC).
What is a HELOC? Check out this guide to understanding when and how to use a home equity line of credit. [Read more…] about What Is a HELOC? Your Ultimate Guide to Home Equity Loans
Did you know that more than 16 million homes are sitting vacant across the U.S.? This can happen when investors hold a property for long-term price appreciation without renting it out. It can also occur when an owner decides to let a property sit vacant during the off-season. This decision is common in beach towns during the winter and ski towns during the summer, for example. [Read more…] about What Does Vacant House Insurance Cover?
So COVID-19 has you ready to get into the real estate game and wondering how to start house flipping?
Within the Coronavirus thumping real estate markets nationwide, there are going to be some unusual investment opportunities in the months ahead. If you’ve been laid off or furloughed, now might be an opportune time to learn how to flip houses for a profit. [Read more…] about How to Start House Flipping: A Simple 5 Step Guide
Are you in the market for a new home? Maybe you’ve outgrown your current place, or you’re simply ready for a change. With the current housing shortage, some people are are choosing to build over buy because prebuilt homes are harder to come by.
Whatever the reason, building your dream home can be an expensive but exciting endeavor.
A study shows that the average cost of building dream home in the U.S. is $283,900, but most new homeowners spend between $119,412 to $449,159.
If you’re worried about this price tag, don’t be. Building your dream home can be well within reach with the right financing. Below are five finance options to consider. [Read more…] about Building Your Dream Home: Making It a Reality