Whether you just moved into a new home or have called your place home for years, you may be interested in making some home improvements. Small projects like adding new lights or paint all the way to a full home remodel cost money, so you may be wondering what is deductible and what is not in terms of taxes. Let’s take a look at whether or not that home improvement project is tax deductible.
Real estate investing is often looked at as something only for the wealthy or the rich. However, that is not necessarily the case. In fact, most people I know who have built their own path to independent wealth did so in real estate investing.
Of course, you still need some form of down payment to get started. In an era when housing prices grew far faster than wages and inflation, how could someone afford a down payment? In my hometown, the median home price is about $560,000, meaning a 25% down payment would require $140,000! But what if there is a better way to get started investing in real estate with less than six figures? Lucky for us, there are a few paths to get started. Continue reading
Choosing a property manager is not always a simple or easy task. I once picked a property manager based on Yelp reviews and had a horrible experience, so this is a topic I don’t take lightly! Your property manager is the front line of defense in protecting your property, maintaining your property, and ensuring you get paid by tenants. If you are thinking of hiring a property manager or replacing a terrible one like I had, follow this guide to know what to look out for. Continue reading
Preparing to write the book Rich Like Them, author Ryan D’Agostino went door-to-door in the wealthiest zip codes in America to learn how America’s elite made their money. Not surprisingly, a handful of those who answered the door made their money in real estate. Others owned businesses and reached higher levels of wealth through hard work and self-employment. Here are some gems I learned when reading Rich Like Them that apply to both your real estate and your career. Continue reading
I worked through high school and college at a local Boy Scout Camp every summer. For my efforts, I earned a great scholarship to the University of Colorado. The donor who established the scholarship fund had given the Boy Scouts $4 million. One night he hosted a dinner to celebrate the successes of the scholarship recipients. Continue reading
If you are itching to invest in real estate but don’t have the down payment to buy a property of your own, there are new startups in the real estate industry that give you an opportunity to invest without buying an entire property outright. Curious to learn more? Read on to learn about the startups defining the new real estate marketplace lending sector, and how you can put your money to work in real estate. Continue reading
Real estate offers a world of opportunities to investors. Everyone in the world needs somewhere to live, and most businesses need a physical presence of some sort. This gives real estate a very special and unique profit opportunity. It is something that everyone needs, but only some people have. If you can position yourself to have something other people need, you’ll be raking in big profits in no time! Continue reading
Landlords and other property investors have many options when it comes to cloud based landlord apps. In fact, there are dozens of landlord apps to choose from. Here are a few of our favorites you can consider if you are looking to start or improve your property management with the use of modern property management apps. Continue reading
Buying a home is an exciting time and process, but knowing how much you can afford to spend is not always easy. Calculating how much home you can afford before you start looking helps you to understand your budget, how to create your wants and needs list, and what neighborhoods you should consider calling home. Continue reading
Investing in real estate is a daunting, but potentially lucrative, endeavor. Being a successful real estate investor requires diligence in keeping a pulse on the market. It also is a necessary hunger to see long-term returns. Below are six common habits of successful real estate investors. Continue reading