Achieve Financial Independence with Real Estate, Minus the Hype
Home inspectors are a key part of your real estate investing dream team, but it’s important to remember that they are a due diligence cost. You pay them for the inspection whether you end up buying the property or not.In some cases, you might pay for inspections on several properties before you find one that … Read more
You’ve selecting your real estate agent.With the recommendations of your real estate agent, you’ve built your real estate investing dream team.You’ve taken some time to come up with your first pass on establishing your buying criteria for the deals you’re interested in.Using that criteria you’ve had your real estate agent set you up with automated … Read more
Next, let’s look at requesting showings of properties and looking at properties as a real estate investor.Request the ShowingYou’ve established your buying criteria, and your real estate agent is sending you properties from the MLS that match. However, you’ll still need to review each property manually to ensure it meets all your non-MLS searchable criteria.This … Read more
Insurance agents are an important part of your real estate investing dream team because they help you secure the right coverage to protect your investment.While they often come into play closer to the end of your property purchase, selecting a good insurance agent early in the process is key to making sure your assets are … Read more
Mortgage brokers or lenders are one of the most important members of your real estate investing dream team when buying your first investment property.They play a crucial role in helping you secure financing for your deal.What Do They Do?A mortgage broker or lender’s main job is to connect you with financing that suits your investment … Read more
Selecting an investor-friendly real estate agent is an important early step in your real estate investing journey.The right agent understands investment properties and can help you find deals that align with your goals.They can provide insights on:And, of course, help you buy/sell properties.NAR SettlementThe recent settlement between the National Association of Realtors (NAR) and the … Read more
Building a strong real estate investing dream team is one of the most important steps you can take to ensure long-term success.From purchasing properties to managing them and handling all the little details, having the right people in place will save you time, money, and stress. Below is a breakdown of essential team members, categorized … Read more
When you’re getting started in real estate investing, one of the biggest challenges is figuring out how to finance your first rental property.Luckily, there are several options available depending on your financial situation, credit score, and the type of property you want to buy.Understanding the pros and cons of each financing method can help you … Read more
Self-directed retirement accounts (SDRAs) can be a powerful tool for real estate investing, allowing you to use your retirement funds to purchase properties.With an SDRA, such as a Self-Directed Individual Retirement Account (SDIRA) or a Self-Directed 401(k), you can use your retirement savings as a down payment and secure non-recourse loans from portfolio or private … Read more
Borrowing from your life insurance is a method where you tap into the cash value of a whole life or universal life insurance policy.This can be an effective way to finance real estate deals, as the loan is secured by your policy’s cash value rather than external collateral like property.Let’s explore how it works.Eligibility/RequirementsTo borrow … Read more