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How To Manage Investment Property While Working Full-Time

In 2017, upwards of 75 percent of independent rental property owners in the U.S. reportedly worked another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times. There are organizational and strategic concepts that can maximize efficiency and profitability. Consider the following tips that bring property management tasks under three basic headings: organization, automation and outsourcing.   Organization Matters One of the things that tends to overwhelm landlords is thinking about the rental properties as an extension of home ownership. The rental seems like it…
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What’s Ahead For Mortgage Rates This Week – June 18th, 2018

Last week's economic reports included the post-meeting statement by the Fed's Federal Open Market Committee along with readings on retail sales and inflation. Weekly reports on mortgage rates and new jobless claims were also released. Fed Raises Key Interest Rate on Strong Economic Indicators The post-meeting announcement by the Federal Open Market Committee of the Federal Reserve indicated that committee members voted to raise the target federal funds rate to 0.175 to 2.00 percent from the prior rate of 1.50 to 1.75 percent. The post-meeting announcement cited strong economic conditions and stated that FOMC had altered their outlook from three…
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Is Buying A Short Sale Right For You?

If you have been looking for a new home, and you find one offered under a short sale, this may be to your advantage. While some buyers are wary about buying a home that needs to be sold with the approval of the lender, it's a great way to get a bargain on a home that you love. A short sale may be a perfect way to buy a home, as long as you are able to wait until the offer is approved. The Basics Of A Short Sale A short sale occurs when the homeowner is facing a foreclosure…
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Questions to Ask When Buying New Construction

Buying a new home is exciting. Buying a brand new home can be even more so with the realization of being the first owner and possibly being able to choose your own layout and finishes. The prospect of owning new construction is definitely exciting, but it doesn't come without its own set of questions. If you're in the market for a new home, and considering new construction, make note of the questions below when you begin your property search. What are the long term plans for the community? Unless you're looking at custom homes on acreage, it's likely new construction…
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Fix and Flip: Forget What You See on Television

The drama of home and garden TV shows may be fun to watch, but no matter what you think, reality shows are not at all like real life. If you think it's easy to buy a house that needs updating and turn it quickly for substantial profit, you might want to think again.  That doesn't necessarily mean, though, that you should shy away from the idea of buying a "fixer-upper" -- just that you should approach such a home purchase with eyes wide open. Here are some valuable tips: Buying a house that needs cosmetic updates can make financial sense,…
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