A real estate investment trust (REIT) is a company that owns and operates income-producing real estate. Just like mutual funds, they collect investors’ funds to make investments in real estate and then distribute the profits as dividends. How do they work? Traditionally, investing in real estate is capital intensive. A solo investor would either have […]
Have you been hit hard by the Coronavirus pandemic? If so, you’re not alone. Millions of people around the world have suffered financial setbacks due to the recent spread of Covid-19. The unemployment rates are soaring and people are struggling to pay their bills. This is especially true for homeowners staring down monthly mortgage payments.
Once you sell your investment property, you need to pay taxes on any gains. That is true unless you utilize a 1031 exchange. Besides the common tax deduction methods, this is a precious tax deferral strategy that enables an investor to sell a business or investment property and replace it with another property without any […]
It is crucial for the landlord to understand the costs you are allowed to deduct on your taxes. You need to take advantage of every possible tax deduction to reduce your tax burden and maximize your profit. Some of the expenses might seem intuitive, while others unstated and you need to understand the specific prerequisites […]
A lot of things were said on this blog about the financial coming-of-age of millennials. This generation is becoming the largest demographic group. The cohort is becoming more economically active, comprising the largest portion of urban core renters and exploring new investment opportunities. Despite the big promises of this group, investors shouldn’t overlook the abundance […]
Once a sleepy navy town, nowadays San Diego is booming with residential and commercial developments. One of the reasons for that is a mild Mediterranean climate without extreme weather changes. Besides, the city is actively reinventing itself and creating public spaces mixed with residential and commercial pockets, making it a comfortable city for life, work, […]
When somebody is thinking about investing in Florida, Fort Myers is not the first thing that captures the attention. Fort Myers is usually overshadowed by the bigger neighbors like Miami, Orlando, and Tampa. Nevertheless, Fort Myers-Cape Coral is the 3rd fastest growing metro areas in the United States. Various factors can explain the recent boom. […]
If you want to jumpstart your career the first thing that comes to mind is to cash into the fixer-upper. House fixer-uppers are becoming increasingly popular. The fashion for flipping houses came with economic changes and immense popularity of TV home shows on the same topic. Not only professional investors and developers but also regular […]
Real Estate investors and aspiring homeowners are frequently gravitating towards condos. There are plenty of reasons for that. This type of property provides exclusive ownership, more privacy and could be sold easily down the road. Nevertheless, condominiums should still be on the investor’s radar, they are more affordable, demand less upkeep and can offer exclusive […]
Purchasing property in a college town might seem a risky endeavor. Investors don’t put a lot of trust in young adults, who are commonly perceived as reckless party animals. Consequently, landlords fear low-quality tenants without references and bad credit score. In the same time, real estate investors panic about wear-and-tear and potential damage to their […]