Tax season is just around the corner, and for many Americans that means a tax refund coming in from the IRS. Whether you are getting a check in the mail or a nice direct deposit in your checking, here are some of the best ideas to invest your tax refund in your home to grow your property value, and your home enjoyment at the same time. Continue reading
Buying investment properties is just stage one in becoming a successful landlord. Once you own multiple units, you’ll want to invest in landlord software that helps you manage everything from tenant applications to rent payments to maintenance requests under one roof. The best landlord software even includes accounting modules built in! Read about the best options for property management software in 2018 below. Continue reading
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