Today's blog post regards outsourcing managing your rental properties to a professional property manager. Many landlords avoid hiring out the management of their properties for a variety of reasons. Primarily, the are concerned with the price and the loss of control that they will have over their properties. This post discusses a handful of pros and a couple of cons to hiring a property manager. I, myself, and guilty of hesitating to hire a property manager because I want to save the costs in order to pay off these properties quicker. However, I am quickly realizing it to me much more prudent to hire that job out!
This post is aimed at new and aspiring real estate investors that want to purchase rental properties. Like most things, newbies will undoubtedly make a lot of mistakes. But, even small mistakes when you own a rental property can be quite costly. This blog post discusses 8 easy to make mistakes and how to avoid them.
Millennials are struggling economically. It's primarily student loan debt that has proven to be Millennial's plight. In this blog post, a very well-known economist's opinions and advice are directed toward millennials on how to better position themselves financially to succeed. Most millennials want to buy a home, but are unable to due to their student loan debt and high costs of living due to inflation. This post focuses on some of the ways that millennials can overcome these struggles. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina.
Calculating your mortgage is a little bit more complex than just figuring out the principal and interest. Most shoppers do not figure their insurance and taxes into the equation when considering buying a property. The old acronym for your total monthly obligation is PITI (principal, interest, taxes and insurance). This blog post walks your through the process of how to figure out your entire monthly mortgage obligation (minus utilities, etc.). Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, SC!
Congress works with various other Government entities and Government-affiliated organizations to help homebuyers purchase homes. They mainly responsible for setting the rules and regulations that Government-endorsed lending agencies like Fannie Mae and Freddie Mac follow to underwrite loans. Congress wants to bolster homeownership since the country has rebounded from the recession. The National Association of Realtors is urging Congress to loosening up on some of their lending restrictions in order to increase the number of new homeowners across the country. One major hurdle that many people face is their lack of stellar credit. NAR would like to see Congress reform their credit requirements to see a huge increase in homebuyers. Remember me if you're interested in buying or selling residential, commercial or investment real estate in Charleston, South Carolina!