Essential tips on how to purchase a home

Looking for a new home is exciting, but sometimes, when you go out in the hope of finding your next big home, you are shown nothing but pigeonholes with zero to no amenities. You might think that the patch leading to your perfect home is full of rocks and holes. But in reality, its far from true. Finding your perfect home is easy if you keep the following points in mind.

In this article, we have made a list of points that will help you find your perfect home so that you can avoid making expensive mistakes:

Know your budget

You should start the process of looking for a new home by evaluating your bank accounts, cash flow, assets and liabilities. The most common mistake made by people is that they set their eyes of a house that is beyond their budget. Yes, you can apply for home loan to cover the difference, but you also have to pay the high EMIs that come with the loan. This will throw your budget out of the window.

Know your loan amount eligibility

You can check how much loan amount you are eligible for in few simple steps using home loan calculator. Though the amount presented is only the estimate and not the final word from a financial institution. To get the proper estimate, you need to contact your bank before making any final deal.

There is a possibility that the difference between the estimate and what you get is quite significant. Even a slight difference can affect your budget. So, make sure you know the amount of loan approved by your bank before you make your final budget.

What about the other costs?

People think that, once they purchased the property, they are done with all the expenses. But that is not true, as soon you make the final payment, you have to take care of EMI, spend money on personalization and maintenance, pay utilities bills and more. Plus, you might need to buy new furniture and appliances as well.

Be open to change

Finding a home exactly like you dreamt of is next to impossible. For example, you want a big garden and big parking space. but when you visit the property, you find that the house only has parking space but no garden. The house has all other things that is perfect for your family. So, it is best to keep an open mind, otherwise you will miss out the deal if you are too picky.

Don’t get carried away

People often overspend when they move in to a new home just to personalize it. You don’t have to spend extra money if you look for a house that is already furnished. This way you will be able to save a lot of money that will help you in paying off the loan.

See-through the drama

Builders offer cosmetic changes to changes the look of the house, obviously, for extra money. These changes do make your house look more attractive, but the main question is, do all these changes are worth it?

If you survey the market, you will be able to find much cheaper stuff. So, why pay the premium cost when you can find the same thing at half the price.

Pick and choose

Keeping an open mind doesn’t mean you have to make bad decisions. If you have a big family, you need a house that has 3-4 bedrooms. You don’t want to feel cramped in your own house just because you wanted to save few dollars.

Make the list of things that you can and cannot sacrifice while looking at home.

Keep an eye out

Builders usually promises to finish work early, but that is far from truth. They take ages to complete a project. If you have made the payment for the house, make sure you contact the builder regularly and visit the property to see the progress of the project. If you sense something is not right, contact the local authorities immediately to ensure your money is safe.

If you want to buy a constructed property, make sure you conduct a proper survey. For example, if you are looking for homes for sale in centennial hills Los vegas, make sure you check single aspect before you make any payment.

Find your own agent

It is important that you hire an agent that knows all the secrets of the property you are interested in. You will have to pay a fee to the agent, but in return you will get guidance that will be true.

Author: Eernesto T Felder

Opportunity Costs (rent vs. buy)

Everything regarding the Industry of real estate is rising, especially home prices and interest rates. But the real question that you must ask yourself is that which would be better for you, to rent or buy your next property? There are different aspects that you need to put into consideration if it is better to rent or buy. One of the most important factors would be how long are you planning to stay in that specific property, how high is your credit score and income now? How about we take a look at some of the advantages and disadvantages to this very common question.

BUYING

Regardless of what you might hear, there are many benefits to home ownership. Always put into consideration that the value of your home can increase through time which makes it a proper investment regardless if you are planning to keep the property or not in the long run. To most people, having a home to yourself and not having to deal with a landlord is a blessing of its own. You can choose to renovate and change up your own house in your own way without having to think about when the contract might finish or not. The disadvantages of buying your own property is knowing enough that you are responsible for all that needs to be repaired and that is not an easy thing to keep in mind so you will be watching out for everything and being alert knowing your next fall can be costly to the property. When purchasing a house you might require a chunk for the down payment to be paid which would make it harder for you to qualify for any kind of insurance for the mortgage or even property taxes.

RENTING

Renting makes life easier and much more sense for many people. For example, you can be living alone in a nice area where the home prices are too high for your budget so it would be better off renting a one-bedroom location that is the logical choice for that person obviously not including his/her occupation and preferences.

The best advantages of renting is knowing that the repairs are not on you but rather part of the deal and knowing that it would be easy to relocate if there are any problems to arise. But the disadvantages of renting are actually more annoying than you think because it’s like you are living in someone else’s home knowing that you can’t make any long-term adjustments and at the same time you earn no return on your payments as monthly rates are rapidly increasing. Most people don’t have this knowledge but renting doesn’t help with your credit score either and knowing that the homeowner is just renting the place to others, they aren’t so motivated to make changes to the house unless it’s necessary.

To most people who have the money to afford buying a house, they know in the long run that buying their home will become an investment and that it would be cheaper to purchase the home now rather than renting and sending away rent money that you can be using elsewhere productively. But to others who cannot afford buying a house at the moment, renting to them would obviously be cheaper than purchasing anything at the moment. Just put into consideration which one might fit your lifestyle the best such as:

RENTING WOULD BE BEST IF:

  • Planning to live in the same area for less than two years
  • Planning to maintain flexibility and mobility
  • Working on repairing past credit history
  • Planning to save money for a proper down payment

BUYING WOULD BE BEST IF:

  • Planning to live in the same area for more than two years
  • Wanting to build investment equity through time
  • Looking for better ways for tax deduction
  • Having the feeling of stability

The real answer to this question of having to buy or rent is actually quite easier than you can imagine. It comes down to five questions that you need to ask yourself for making such a difficult decision which are:

  • The time that you plan to stay in the future home?
  • Do you want something to be stable or something to remain flexible?
  • What can you afford and what does your budget help with?
  • Can you currently afford to be responsible for home repairs if you plan to purchase the house?
  • What is your career path and what are your family goals?

But when it comes to rental properties you need to remember that it requires a security deposit just in case of damages and ability to assure the person renting won’t bail under any circumstances without having to pay upfront as well. Just put into consideration about the location of property as well as the location of your workspace or schools if children are involved.

Conclusion

In conclusion, try to consider all the places that you have chosen to rent in the past, For each place that you have lived, try to make a list of the things that you didn’t really enjoy about the place or the service of the landlord so that you won’t have to put up with the same issues again. Although there are some renters who actually don’t have to ask and do what they need to regardless if they are renting long-term or short-term because some people just can’t handle staying in a place and having to wait for someone else to change it for them. But when you have your own place and you are not renting, then obviously you can do what you want when you want without having to put up with anyone or dealing with anyone about your own personal matters in the household.

Author Bio

Mohamed El Zaafarany is a digital marketing consultant with interests in the travel and real estate industries who loves to connect businesses with their target audiences.

zaafarany.com

Image: Image by Nick115 from Pixabay

Property for sale and rent in egypt

Property in Turkey during the COVID-19 pandemic

In line with our recent blog post series about Real Estate Agents during the COVID-19 pandemic, we like to share this email we received from Turkey.

Hello respected everyone 

Hope you are doing well 

To everybody who is interested in buying property in turkey on investment and stay purpose, you are most welcome.

I’m personally being at this Real Estate business from my father since decades.

After the earthquake at Istanbul, the ruling government is helping the Real Estate with new projects and renewing old properties, this helps a lot.

Property in Turkey

As of the last decade it has risen really high and the law amendment from the government of spending 250000$ for becoming a Turkish really helped becoming very profitable for Real Estate Agents and the investors who wished to invest at turkey. Apart from İstanbul being very rich in culture and history, other cities also had the same situation.

Real Estate in Turkey during the COVID-19 pandemic

The recent covid19 upraising had an effect on the Real Estate a little. It affected Turkish nationals as well as foreigners who wished to invest but as we all know that was for a couple of months as of now it’s going the way it has: it is increasing day by day. Hopefully this will be good for both, Real Estate companies as well as investors.

Apart from all that, I personally thank so much the “FREEPROPERTY FAMİLY” for getting us connected through all around the world with different people and also helping us in growing our business, it helped us a lot. 

This really helped us get connected with different people too.

Really much appreciated, keep up the good work hopefully will reach many people and let us stay connected.

See all Real Estate Listings from Mohammad Saritac

Are you a Real Estate Agent too who likes to share your experience? We dedicated a space on our website for Real Estate Agents during the COVID-19 pandemic.

Image on top: Image by sulox32 from Pixabay

5 simple ways to invest in real estate

Investment is not an easy way to do with 100% surety whether you would profit. However, if you plan to invest in real estate, it could be a great way to make money with less amount. Even if you are lack money, you can simply take loans and pay them off on installments. Real estate investing is beneficial if it is being invested in the right way. Nevertheless, if you are deciding to invest in real estate for the first time, yet you are confused about where and how to invest in this business, there are plenty of ways to invest in real estate and get profited.

I would let you know about these tactics and approaches through which you can build enough money. When you start investing in real estate, it helps in expanding your investment portfolio and can be a suitable means of earning enough. Moreover, a decent investment in real estate grants you tax benefits through devaluation, which may help you increase your returns. Thus, you are requested to stay here and start your business with low investment though get high profit.

1.      Purchase a leasing property

Buying a rental property is the excellent and most common option to invest in real estate and build money. You can purchase any real estate property, residential or commercial property to lease to renters and earn the lease income every month. This way is beneficial in several manners; you have the authority to get your renters out, or you may use the property for your personal use. Anyhow, you would get a handsome amount of income every month regularly. On the other hand, where there are such benefits, owning a rental property may cause some downfalls as follow.

  • When you invest in real estate through renting properties, you may get less income from the renter.
  • Besides, obtaining a rental property can be a time-consuming task since it is difficult to find an ideal tenant.
  • When you buy your first property to lease it, it could be costly for you. Since this is your first investment, you could get further by keeping the profit once you bought your first property.

Warning!

Mortgage discrimination on the basis of race, color, sex, religion, or marital status is illegal. If you find such things happening with anyone, one can report a complaint against that person.

2.      Flip a property

Flipping property is another approach to invest in real estate. It uses the term fix and flips the house, which means that you purchase a house for your personal use and renovate it. Once you discover that the house is increasing its worth, you may sell it out at a decent rate. However, the flipping house is a task that requires much patience and endurance because it takes time to get a suitable client who would buy the renovated house in a great amount. 

Nonetheless, there are a few things that you need to bear in mind while flipping a house.

  • Try not to waste your time by focusing on little details while lipping a house. In the case of a flipping house, you should consume your time watchfully and make a schedule about how much time would you give in renovating the house. Also, focus more on the selling of the house, since it is an essential part of house flipping.
  • When you buy a property for flipping, you should watch your budget out. Try to buy a less expensive house that needs fewer renovation to save your maximum money. However, when it comes to the selling of the house, you should exceed 70% of the cost of what you expect; otherwise, you would be in loss.
  • While renovating the house, you must know the market scope; what trends and styles are in. Remember, if you renovate the house in a trendy way, it will increase the worth of the house.

3.      Rent out a part of existing property

This strategy does not need much investment; you can invest your own home where you are living already. If you decide to leave your house, however, don’t want to sell it out, you can lease your whole house and get income every month. On the other hand, if you live in a house and one portion is empty, upper or lower floor, you can give that part on rent and earn every month. This approach of real estate investment can be beneficial in numerous ways.

  • You can watch your renters closely about their living styles in your home.
  • You don’t need to visit every month for rent (if you rent out a far distant house).
  • No investment for spare property is needed.

4.      Purchase REITs

If you do not want to invest in real estate traditionally, you can choose to invest in Real Estate Investment Trusts (REITs). In this approach, you only need to invest money and not be required to purchase or sell the property. When you invest in any organization, it is their concern or purchase and sale property. This corporation has to pay you 90% of the profit while avoiding paying business income tax and divide the money amongst all the investors. Nevertheless, REITs are a substantial investment for the stock market and are perfect for those who want a regular income.

Notification:

You are not applicable to invest in REITs if you are accompanying Traditional Rental Real Estate.

5.      Use real estate online platforms

You use some online real estate investment platforms to invest in this business if you are looking for a partner. It is usually used for investing in large commercial or residential properties. You can visit numerous online real estate platforms and link with the investors seeking partners for financial investment in real estate. If you find a decent partner with which u think you can associate, can contact and start a business. However, you need to pay the fee of using a certain online platform. This approach is beneficial in terrestrial divergence, and the profit would be divided according to the number of partners.

Upshot 

These were five simple ways to invest in real estate business; although, the most common and organic ways to earn a high profit are the first two. Besides, you can adopt multiple approaches to invest in real estate. Thus there is no rule to pick only one strategy; this thing would provide you higher profit. For instance, you can purchase multiple REITs and, at the same time, rent out your house for regular incomes. Anyhow, you invest in real estate through any means, there is all the profit you would get. So, initiate your real setae business and plan for a world tour.

Author: Jason Miles

Real Estate in COVID

From February till today all the World changed due to Covid.

On Real Estate, things also changed mainly in the way agencies work with customers.

Prices did not go down and market did not suffer as much as we could expect but people behaviour it is different.

All the digital marketing tools are today a must like photos, movies, drone and virtual visits.

Internet it is becoming more and more important. Being Real Estate a business from people to people, Covid it is changing this concept to digital to people.

We at SEEFIRST are exactly following this tendency and exploring all the technologies to give customers a safe service and the necessary confidence to go on with Life.

Why you should seriously consider joining the many expats choosing to live, work and retire in Portugal!

Should I move to the Algarve, Lisbon or elsewhere in Portugal.

It’s hardly surprising that many people find moving to Portugal a very attractive proposition.

With some of Europe’s most breathtakingly beautiful landscapes and glorious weather, it might be easy to dismiss Portugal as another popular holiday-hotspot but not consider it as a possible home.

Many people fail to realise just how sophisticated and culturally fine this special country is. Those that do are often people who have been thinking of moving to Portugal for some time and already know what a stunning place it is…so don’t miss out on your chance. If you’re thinking of retiring abroad or emigrating, consider Portugal as a very real option and the Algarve beaches are just the start of it!

Portugal was once a colonial empire and at its height called no less than 53 countries its own. It was one of the world’s first notable maritime powers and was home to many of our most famous explorers.

The climate is considered to be the best in Europe with hot summers and wet winters offering relief to residents as well as some excellent growing conditions for the beautiful plants and flowers which thrive even in coastal areas.

For would-be expats looking for an ideal location to move to, Portugal has it all.

It’s likely though that you’ve got a lot of questions to ask before you begin making plans to migrate to Portugal so check out our top ten reasons to move to Portugal, Lisbon and the Algarve below! They’ll put a lot of your concerns on the backburner!

 1: The best climate in Europe

2: The outstanding quality of life

3: Beautiful, affordable & spacious properties

4: Portugal’s beaches and coasts are the most stunning in Europe

5: The cost of living is undeniably low

6: Tasty, fresh local produce at affordable prices

7: One of the most family-friendly countries in Europe

8: Amazing, one-of-a-kind culture

9: The Algarve and Portugal generally is the perfect place to retire

10: The perfect base for digital nomads

SEEFIRST, PORTUGAL REAL ESTATE
Rua Ricardo Espírito Santo, 6 A
1200-791 Lisboa
www.seefirst.pt
sales@seefirst.pt

See all Real Estate Listings from SEEFIRST

Are you a Real Estate Agent too who likes to share your experience? We dedicated a space on our website for Real Estate Agents during the COVID-19 pandemic.

All you need to know about Living in Mississauga

Mississauga is a beautiful place and is considered as one of the safest cities in Ontario where life is said to be secure, comfortable, and simple. In fact, Mississauga is the city with the lowest crime rates in Ontario. Mississauga is the sixth-largest city in Canada. Although, it’s just fifty minutes away from Toronto, it’s comparatively cheaper to live here. Over the last twenty years, the population has increased and the city is gradually getting more culturally diverse. A study shows that more than forty percent of the people’s native language is Urdu, Polish, Punjabi, Arabic, or Tagalog, i.e. other than English or French.

Toronto Pearson International Airport is situated in this city, which is an added advantage of living in Mississauga. Proximity to the airport ensures that your chances of missing your flight due to traffic will be significantly lower. If we talk about transport, MiWay: a network of bus routes is offered by Mississauga which makes traveling across the city much easier. You can choose the Blue MiExpress bus and orange MiLocal bus for express travel and local trip respectively. As mentioned earlier, Mississauga is relatively cheaper than Toronto; hence, it is a great place for residing if you work in Toronto. You can easily park your car at Kipling station and travel to the city. Various areas in Mississauga have TTC bus stops.

Homes in Mississauga

Rent to own homes in Mississauga is a very good idea as the airport is near and Toronto is less than an hours’ drive away. You can consider staying at Cooksville: Mississauga’s City Centre. It is an attractive place with various restaurants, grocery stores, clothing shops, and schools. The University of Toronto located in Mississauga is an impressive higher learning institution of Canada. Sheridan College has located in the heart of Mississauga City Centre making is another prestigious educational center.

There are various amenities nearby such as Square One Mall, Living Arts Centre, and the Central Library. People opting to live in Cooksville are usually first-time home buyers and new immigrants to the city. You can look for homes in Port Credit or Lakeview if you love lakes and water bodies. You’ll be able to see various restaurants, coffee shops, and grocery stores. The houses in Mississauga are more affordable than in Toronto. The prices are even lower outside the City Centre.

Weather in Mississauga

There is a diverse climate in Mississauga throughout the year. The summers are hot with high temperatures and humidity levels ranging from 20°C to 30°C. In winters, the temperature is as low as -15°C. January is the coldest month in Mississauga with a relatively low snowfall level than the rest of Ontario. However, during the entire year, January through April, and October through December are the months with snowfall.

Recreation in Mississauga

Mississauga has around 400 parks to explore. It is a popular shopping destination with several huge malls. It is a slower-paced community that has all the amenities and facilities. One can also get a glimpse of the amazing lake.

This city is growing at a fast pace and there are some interesting things you can do such as catching a play at The Living Arts Centre, watching a Mississauga Steelheads game, hopping around the Trampoline Park, enjoying indoor winter sports at the Alpine Indoor Ski and Snowboard Centre, go axe throwing, relaxing at the Kariya Park Japanese Gardens, taking selfies at the Marilyn Monroe Towers, dancing the night away at Sugar Daddy’s Night Club and waking up early on weekends to visit Lions Farmer’s Market. Various activities for almost all age groups such as walking, cycling, jogging, skating, and skiing take place during the winter months. There are numerous recreational activities in the Credit River and other similar places with serene surroundings.

Business in Mississauga

The city offers business opportunities in various sectors such as in the fields of biomedical, pharmaceuticals, consumer products, automotive, information technology, aerospace, telecommunication, and finance. More than 50,000 businesses, 400,000 employees, 1,200 multinational firms, and 61 of Fortune 500 Canadian have their head offices are in Mississauga. It is the 3rd largest FIRE (Finance, Insurance, Real Estate) cluster in North America which is also one of the largest in the world. According to Foreign Direct Investment (fDi) Magazine, Mississauga is the No.1 mid-sized American City.

Since the year 2003, it has earned an ‘AAA’ credit rating consistently by Standard & Poor’s Ratings Services, due to outstanding liquidity levels, debt-free location, and bustling economy. Only a few places could provide the beautiful opportunity of living in the suburbs without missing out on urban amenities. Interestingly, Mississauga is one of them. With parks, public spaces, institutions, shops, and grocery stores, the place has almost everything to offer that is required by a household. It has so many residential and commercial complexes with public transits. The city provides amazing options to reside as well as to invest.

Author: Eernesto T Felder

5 Ways to Begin Investing In Real Estate with Little or No Money

Lots of folks believe this to enter the world of property; you require plenty of money. But it doesn’t imply that a person with less or no cash can’t begin a real estate company. In This article we have covered the full topic of – how to do real estate business with no money?

The first thing required to initiate a real estate company (or any business, really) is the ideal mindset. You will need to work out creative and innovative ways of getting financing for your real estate deal, especially when you’ve got no funds to spend.

A business is successful once you earn profit by selling your goods or services. This is true for the real estate business, also. The best thing about the property sector is that everyone can start this business with the wish to sell the property and earn high returns.

So, how can you begin a real estate company with zero capital? How can you organize financing to back up your real-estate deal?

If these questions are running through your head, then we have got helpful answers for you.

How to Make Money in Real Estate Without a License

Real estate is an exciting business. I have met a few of the most driven and enthusiastic individuals, lots of whom are currently lifelong buddies. It keeps you on your feet! When most folks consider transitioning to a career in real estate, but the first thing that comes to mind is becoming a certified realtor. With all the licensing and education requirements, however, that may seem quite daunting. Many don’t understand that you may work in real estate without a license in most countries. In actuality, a quick scan of the internet job boards shows the assortment of opportunities.

How to Start a Real Estate Business with No Money

Here Are Five Powerful ways to start a property dealing Company (How to do real estate business with no money) with zero Cash in your pocket, Plans you can learn from and apply in other businesses as well:

1. Buy a House as a Main Home

You can buy a house to live in with a zero money down VA or USDA loan, remain there for at least one year, then move out and turn the house into a rental home. Do not forget that equity building through property investing also contains the houses where you live. Additionally, the down payment and credit rating requirements for a primary residence are always less strict compared to investment property. Living on your insignificant farms first is an excellent way to avoid the more rigorous lender rules for property investment properties.

2. Purchase a Duplex, and Reside in 1 Unit while You Rent Out another One

Did you know that you could fund a two-unit duplex using an FHA loan? You reside in one unit and rent out the other property for additional cash. Along with the reduced down payment requirement, the best thing about this property investing strategy is the lease you derive from the opposite side of this duplex will most likely play a significant part of your mortgage!

3. Create a HELOC (Home Equity Line of Credit) on Your Primary Residence or another Investment Property. 

For those who have a large quantity of equity on your primary residence or another property rental property. Many banks will provide you with a HELOC, which you can then use for property investing. A normal HELOC will make a line of money in hand for around 70-80% of the instant equity in your currently owned land.

However, the HELOC can also be utilized as a zero-down mortgage to fund a rental property.

The HELOC interest rate is generally the prime rate and 1 or 2%, which now puts them around 5 percent. But the principal benefit of the HELOC is that it usually does not have any closing costs, and you’ll be able to close quickly with only a Drive-By evaluation on your premises. Some banks won’t charge you for this particular examination.

By way of instance, if the interest is $300, you can simply pay that minimum amount, or pay extra money each month to repay the principal. This permits you to make your mortgage under your terms.

Assuming the prime rate stays stable, the total amount of interest will fall as you pay down the principal monthly.

4. Ask the Seller to Pay your Closing Costs.

On many property transactions, the property seller is willing to cover buyer closing costs to incentivize a sale. However, the trade-off will most likely have to supply the full asking price or close to it. This is reasonable, so long as your lease is enough to cover all your expenses and give you little monthly cash flow. However, at full asking price in the event, the lender quotes you an entire mortgage payment (including insurance and taxes ). Which is equal to or higher than the lease you can reasonably cost, search for another deal.

5. Utilize a Bank that Pays Closing Costs or Supplies a Rebate on your Down Payment.

In combination with Freddie Mac’s Home Possible Advantage program, Quicken Loans has just promoted a 1% down payment option on single-family houses for owner-occupied properties. The buyer puts up 1 percent, and Quicken Loans provides a grant for another 2% needed. A 680 credit rating and a debt-to-income ratio of 45 percent or less will be required.

Sometimes the interest rate is slightly higher to get this deal, but some lenders are currently advertising. They’ll pay closing costs without increasing interest rates. Check with a site such as bankrate.com or do a Google search for a listing of those companies.

Whichever of these methods you opt to use, the most crucial point to bear in mind is that investing in real estate with very little money is a superb way to build wealth. It is among the very few investment approaches where you can begin without large quantities of cash. One never knows when particular property programs will come and go. So make sure to benefit from these ideas while they’re still around.

Is real estate an excellent way to earn money in 2020?

Real estate is best regarded as a long-term investment – it pays off best when held through the years. You can purchase property in 2020, but you would want to hold onto it for 20–30 years for the best results. Suppose you can find sellers that will sell their property for you at a substantial discount below market value. In that case, you can create a whole lot of cash in a couple of weeks through wholesaling or flipping. But finding people who will sell the property to you for 10–20 percent or more below market value is a whole lot tougher than finding quality properties that will appreciate and supply decent cash flow over the longer term.

How to Start Investing in Real Estate with Little Money

For many people, the term “investing” conjures up images of men in suits, tracking the exchange of tens of thousands of dollars on a stock ticker.

I am here to tell you: You do not have to be the Wolf of Wall Street to begin investing. It’s okay if you are more of a mouse of Main Street. Even if you just have a few bucks to spare, your money will grow with compound interest.

The key to building wealth is developing good habits–such as regularly putting money away each month. Replace the barista-made cappuccinos for coffee in your home, and you may already be saving more than $50 per month.

As soon as you have a little cash to play, you may begin to invest.

It’s just as straightforward. Having a robo-advisor or savings account, you can make your money work as you play. With a stock trading program, you can play a little money and learn valuable investing lessons simultaneously. Exactly like Halloween costumes, investing comes in several diverse forms. It should not be a scary word.

With so many diverse choices, investing for novices is more straightforward and more uncomplicated than ever before.

Conclusion

Property coping is a very profitable business. Use the ways mentioned above to enter this line of business even when you don’t have cash. But, do not forget that entry is simply the first step on the ladder of success. How your company grows and succeeds is mainly based on your hard work and your ability to recognize opportunities and take action accordingly.

Ready to begin taking advantage of the current opportunities in the housing market?

Whether you are new to investing or have closed a few bargains. Our new online property course will cover everything you will need to know to help you start real estate investing. Professional investor than Merrill explains the very best property plans to help get you on the path towards a better financial future.

About the author: My name is King kentus i blog at komback.com and i am the CEO of the said website.

Renting vs Buying: What to Consider

Buying a house is the pinnacle of success—or, at least it used to be. It seems as though more and more people are abandoning the popular dream of homeownership and setting their sights on financial accomplishments that are more realistically attainable, like luxury vehicles, designer watches, and worldly travels.

That’s not to say purchasing a property is entirely off the table, though. There are plenty of affordable properties under 20k that you could buy without sending yourself into debt for several decades. There are two sides to every coin, but ultimately, there’s no single “correct” answer—it all comes down to your personal priorities. If you’re debating renting vs buying, consider these points to help you decide which option suits you best.

What’s on your time horizon?

If you’re thinking about buying a house, make sure to consider your timeline in two to 10 years from now. Will you be in the same city? Have the same job? Are you ready to settle down?

The people who like to rent are usually those that value flexibility and mobility; they don’t want to be tied down to a 15- or 30-year mortgage that locks them into one location. Of course, life happens and plans can always change, but if you have to sell your home shortly after buying it in order to move to a new city or place your child in a better school district, for example, you could lose money on your initial investment.

Bottom line: Purchasing a home is an investment in your future, but it’s a long play that will require you to live in the same place for at least two years. Just like any investment, there’s risk involved should the real estate market crash and you owe more on the property than what it’s worth.

How is your credit looking?

You’ll need a positive credit history whether you’re applying to rent or buy a house, but it’s much more important in the case of the latter. Most of the time, homeowners rely on financing to purchase a property; it’s pretty rare for someone to have a few hundred thousand sitting around in cash that they can use to complete the sale in one fell swoop.

Lenders will look at several things when reviewing your mortgage loan application, including your age and income, but credit history is one of the most important qualifiers. Not only do you need a strong credit score to finance a house, but it’s in your best interest to take the time to increase your score as high as possible in order to receive low rates.

A good number demonstrates less perceived risk, so the lender will be likelier to charge less interest on top of the principal balance—saving you a significant amount of money in total borrowing costs in the long run.

Bottom line: If you’ve missed a few bill payments in the past and are sitting on mismanaged debt, you should clean up your credit history before trying to buy a home.

Do you have money saved up?

One of the biggest differentiators between renters and buyers is the money they have saved up in the bank. Even with approved financing, you’ll need to place a sizable down payment—or, the portion of the purchase price that you pay upfront in cash—to show the lender you’re invested in the property and likely to repay the loan.

Many people think they need a down payment of at least 20% of the total price in order to buy a home, but that conventional wisdom doesn’t apply much today. While it’s true that a 20% down payment can help you avoid private mortgage insurance and save you tens of thousands of dollars in the long run, this barrier to entry is pretty steep for first-time buyers.

You can buy a home with anywhere between 5-15% down upfront, and there are also down payment assistance programs that can help you come up with the cash. Renting will also require a down payment, security deposit, and money on-hand for application fees, but these costs are usually cheaper than a mortgage and its affiliated costs.

What many people fail to realize, though, is that every rent payment they make likely goes toward paying off the landlord’s mortgage, and the price comparison isn’t that far apart. For example, if rent costs a thousand per month, a mortgage payment might be only 15% more. Rather than throwing that money down the drain on rent, those funds could be better applied to building your own wealth in home equity and increasing your net worth. You could also look into rent-to-buy homes in your area that can help you achieve the best of both worlds.

Bottom line: You’ll need to budget and save up for a home, which often leads people to stick with rent that’s easier to afford while keeping up with the cost of living—but putting in the work can pay off tenfold if you apply the cost of rent toward a tangible asset that you eventually own over time.

Are you financially responsible?

When you buy a home, the hard work doesn’t end once you get the keys in your hand. There are a lot of ongoing costs that you’ll need to keep up with, such as property taxes and maintenance repairs. And, whereas a renter could simply call up the property manager to fix a leaking sink, that responsibility will fall on you to repair yourself—unless you prefer to pay someone to do it for you.

Bottom line: If you don’t want to deal with the hassle of property maintenance and the ongoing costs of homeownership, it might be better to rent so you know exactly how much money to budget every month.

Do you have competing goals?

Finally, check in with your financial goals to see if there are competing priorities. Let’s say you just graduated from college; would you rather pay off your student loans or invest in the real estate market? Do you need a down payment to purchase a new vehicle?

Bottom line: It can be challenging to pay off debt or save money when owning a home, so consider your financial goals and decide what to accomplish first.

By keeping these thoughts in mind as you compare renting vs buying, you’ll be more likely to make the right decision for your financial future.

Samantha Rupp

Samantha Rupp holds a Bachelor of Science in Business Administration and is the managing editor for 365businesstips.com. She lives in San Diego, California and enjoys spending time on the beach, reading up on current industry trends, and traveling.

How and Where to Invest in Real Estate: The 4 Best Ways to Profit

It’s not a secret that real estate can yield bigger profits than most businesses, but did you know that you can earn in this market even if you don’t sell a house?

If you have ever experienced having a landlord, there’s a good chance that you have observed how challenging it is for them to field calls from tenants all day about overflowing toilets or giant bugs. But while it may not seem like the most glamorous job, being a real estate investor can be quite lucrative.

Aside from renting out a place, there are plenty of ways that you can get a significant return on investment in real estate. The only problem is that not all investors understand how they can do so, or even know which investments can get them a significant ROI.

If you’re new to the trade, this article is for you. Read on to learn the four best ways to profit by investing in real estate.

1.   Buy a rental property

This is probably the most straightforward method of becoming a real estate investor. ‘Investment property’ refers to any commercial or residential property to be rented out to tenants without any additional fixing or flipping.

When you own a rental property, you don’t just get what you paid for, but you also build wealth-generating income. Add to that equity appreciation and the leverage you have with real estate, and you have yourself a solid investment.

Still, it is worth noting that owning a piece of rental property may not be for everyone. When looking for houses or apartments for sale, you have to make sure that you consider your interests, lifestyle, and the potential drawbacks, including:

●      Time commitment

Owning a property and renting it out to tenants requires time, even with the help of a property management agency. Make sure that you can accommodate this in your schedule. Otherwise, it would be best to try something else.

●      Cost barriers

Another major concern most investors have about a rental property is the cost of buying one. If you’re taking out a loan for it, many lenders require a minimum of 25 percent down payment for an investment property loan. Thus, it would be better to consider undertaking this type of real estate venture if you have reserves worth several months’ expenses.

●      Uncertainty of yield

Although many rental properties provide a continuous source of income for many (especially if you pick an apartment in a highly desirable location, like a Business Bay property in Dubai, for example), it isn’t a 100% done deal. Vacancies can happen, and things may break. Although there is great potential in this sort of investment overall, there are considerable short-term risks.

2.   Invest in real estate investment trusts (REITs)

Real estate investment trusts or REITs allow investors to put in their money and let it grow without actual, physical real estate.

Although usually compared to mutual funds, REITs are actual commercial real estate properties like retail spaces, office buildings, apartments, and hotels that yield income through leasing. The revenue gathered through these properties is divided amongst the REIT holders – also called ‘trustees’ – in the form of a dividend, which they can automatically reinvest to allow it to grow further.

But while REITs are an excellent way to invest in real estate for people without the time to handle rental properties, they can also be complex and varied. Some of these are traded on an exchange the same way stocks are, but others aren’t publicly traded. This means that the kind of REIT you invest in is a huge factor in how big a risk you’re taking when engaging in this form of real estate investment.

3.   Purchase a vacation rental

Vacation rentals are quite different from the rental property mentioned previously. While the latter involves having long-term tenants, vacation rentals are only occupied by tenants on occasion.

One of the perks of having this type of investment property is that you can use it as your second home when it is vacant. It would also be easier to finance vacation rentals compared to long-term rental properties, particularly if your lender considers it your second home as it means you don’t need to use the rental income to qualify for the loan.

Moreover, these properties usually bring in higher rental income per day compared to long-term rentals.

But, like other investment options, vacation rentals also have some disadvantages.

For one, marketing and managing this type of rental property requires more involvement on your part compared to those leased out long term. Because of this, the cost of property management is a bit higher, with many property managers expecting to get paid 25% of the total rent. This is more than twice the 10% standard for long-term rentals.

4.   Fix and flip real estate

If you’re a fan of real estate TV shows, then you’re probably familiar with the term ‘fix and flip’ or the act of ‘flipping houses’. Fixing and flipping a property means that you buy a home for the sole purpose of refurbishing it and selling it quickly for a profit.

This particular investment option can be quite a lucrative option in real estate, especially if everything proceeds as planned. After all, what better way to earn some cash than by buying an underpriced home, showing it little love through inexpensive renovation, and reselling it for a higher price?

However, this strategy is a little bit harder to accomplish in reality compared to how they present it on TV. First, it comes with a higher risk as the maths behind flipping properties means you have to be very accurate in your estimated cost of repairs. That alone is a challenge in itself.

Plus, flipping homes is a job that requires not only your attention but a lot of time as well. This means that if you’re a passive investor, you should consider another investment option.

Remember that fix-and-flip investments can be quite daunting, even for the most experienced professionals. In fact, even the people you see doing this on TV require a team of four people or more, with varying expertise in real estate marketing, civil engineering, interior design, and others.

There are also some rules you must know about before deciding to jump into the fix-and-flip bandwagon:

  • You make money when you buy, not when you sell. Stick to the 70 percent rule; the acquisition, repair, and holding costs shouldn’t exceed 70 percent of the amount you expect to sell it for.
  • Time is equivalent to money in this trade. Dragging your feet during repairs and selling can destroy your profit margins.

Invest wisely in property

Property investment has a high potential of helping you build your wealth. When done right, you can even make it your main source of income.

Still, it would be best not to put all your eggs in one basket. Invest wisely by choosing the right kind of real estate investment among those listed in this article.

Author: Damac Properties

10 Useful tips in beautifying your small studio apartment

Tired of the old look of your apartment? Well, there are many ways to make a small apartment blossom. All you have to do is do some digging and find the right thing which will suit your place. Though small apartments have space issues, if you utilize everything in the right way decorating your apartment can turn into a fun activity and build something useful yet pretty! Here are a few tips which you can apply when you plan to create your little space even more pretty and beautiful.

  1. Start by defining different areas of your house

There is a possibility that you have a living room, a kitchen clubbed all together. By separating each area with the other, you create more space and the house looks different! You won’t feel that this is one entire portion. A bookshelf or a high rack can separate two different areas well and if not racks then you can add a dining table or some curtains also.

  • Multiple-use furniture

This kind of furniture is one of the most trending items on today’s date. People love to have those things in their house which serve not just one purpose but more. Tables that can serve as an iron table as well as a dining table, Stools which can be used for sitting and can easily be clubbed into a small cubical to save space, a sofa which can also serve as a bed.

  • Choose vertical storage ideas

Choosing to switch to vertical storage than horizontal can help you in two ways, it looks good and more spacious. You will find a lot of space empty when you choose to go vertical and the best part about it is that you won’t even compromise with storage. Vertical storage items can in fact help you gather more storage.

  • Old junk makes the best decoratives

If you are willing to empty your pockets on decorative items, then we want you to know that you already have a lot of them. Old items which are not of any use like old CD’S, jewellery, books, and even furniture can turn into great decorative items. Search for the best DIYs and you will know what wonders you can create.

  • Stay well organized

The organization is the key to success! No one likes a messy house after all. Just make sure that everything is placed after use and most importantly everything has a place of its own. If you do not define your things, then obviously it won’t look pretty and decent. Make sure to keep everything organized and well maintained. Cleaning the dust from your house regularly will also serve as a factor here.

6. Make every space count

When you have a small studio and want to make it pretty and elegant, you have to make sure that you utilize every bit of the space very efficiently. Our main goal is to give the room a beautiful look as well as make it look spacious. We do not have to make the space overcrowded but useful in the best way possible. If you have a fireplace and find it of no use, you can think of an innovative way to decorate it well or even use it for storage! So, start thinking about which corner of your house needs a makeover.

7.  Keep an eye on the color palette

Color combinations and schemes matter a lot when you are trying to bring everything in harmony. Make sure to utilize colors that are complementary with one another especially when you have an open space apartment. You can always go with one family color and follow the shades or go along with colors that are matching with the main shade you choose. Avoid using dark shades in small spaces, as it will make your space even smaller. Using shades that are light can make your room look big and spacious.

8. Put those beautiful coffee tables to use

Coffee tables can be used for a lot more than you think. Those big coffee tables can be used in the living room and also as a bookshelf! Didn’t get it? The best way you can utilize the coffee tables is by piling up the books on it and keeping it aside with your couch or use it as a pretty table for bedside purpose. The best way to use things efficiently is to put everything to work and avoid buying extra clutter which will be useless once you shift to a different place.

9. Use of carpets to define zones

The best way to define zones and make it look different from the other is by using a beautiful carpet or even two to double up! Carpet double can be so much fun, right? Just start with a basic colored carpet and then top it up with some stylish and sturdy smaller carpet. These can be animal print, furry, or even something more classy. You can always use two color combinations to define the space in a better way.

10. The use of mirrors can be very much decorative right?

If you are wondering that you have no space to fit in things in the studio, then we have got you covered. Using mirrors as a decorative item can be one of the best ways to sort things out. There can be pretty DIYs used and also if you wish to buy them, the choice is yours. If you think that you wish to decorate your walls and that art can be difficult to choose upon, then this is something which will help you anyway! You can create a painted frame for your mirror, can rope it up to make it look exquisite, the choice is yours.

In short, a small apartment needs to be simple yet pretty. Keeping things organized and clean will help you the most. You can add a few details and decorations to make it look perfect. Adding a few lighting items will not only illuminate your house but also make it look exquisite.

About the Author: Natasha Blackford is a content writing specialist who writes articles for SpeedHome and also a food blogger who is trying different things and sharing her recipes through youtube.