An Investment Property is a property that was solely bought for the purpose of generating income for the buyer. These are most common for people who make renting, reselling, and leasing out properties an active means of income – this is the way they get money for needs, wants and everyday life. Getting into buying [...]
One of the soundest investments that anyone can make is real estate. If you look into it, all investment opportunities such as business stakes, stocks, insurance and premiums, and the like have the risk of depreciating in marketability and value. Real estate, however, does not, it’s widely known as a commodity whose value doesn’t go [...]
Now that you’ve done the basics – prepare your property for rent, go through all the necessary paperwork, legal work, and even the nitty gritty such as cleaning and preparing the rental home or unit itself, it’s now time to find individuals who will be occupying your property. It’s time to get yourselves, tenants! Being [...]
One of the hard responsibilities you have when opening your property up for rent is that not all the tenants you’ll be dealing with will be agreeable. From young ones who may not be the quietest tenants to financially struggling adults and families that’ll be behind on rent for a month or two – the [...]
With great power comes great responsibility. This is a quote we’ve all heard by now, and surprisingly, a quote that is applicable to most situations in life – including the economic decision of renting out your home. Renting out your home allows a flexible means of income, yes, if you immerse yourself completely in being [...]
Congratulations! You’ve got yourself a house without having to buy it, think about all the pre-purchase paperwork and even the construction itself however, inheriting property may or may not be the dream that it sounds to be. Nevertheless, once you know and learn how to navigate the processes that come with inheriting a property, nothing [...]
Taxes, when explained to the common man, is usually packaged as the price we pay to be able to co-exist in a society. Taxes are government-collected fees for different products and services consumed by the people that help the government run the country – subsidize the development of all government sectors be it education, agriculture, [...]
Like most of our major transactions such as buying a car, receiving payment for services, and the like, purchasing a house or any piece of real estate comes with a contract that serves as a memorandum of agreement between the home buyer and the real estate company or the bank. Typically called a Purchase and [...]
With the rising prices of properties and other assets in the country, it is almost impossible to acquire a property for yourself without any outsourced assistance with funding. At the rate of inflation between the 1900s up to now, purchasing a property that usually takes a blue-collar worker 5-10 years worth of saving will now [...]
Your credit score plays a big role in your home ownership goal, especially if you do not have the funds to pay for a home in cash. Realistically speaking, only the top 10% of society can financially achieve this. And if you can’t afford to pay in cash, this is where mortgages come in. Applying [...]
