Property Management News
You may not know this, but you can use projected rental income to qualify for a mortgage on a new property you’re looking to buy and lease out. Here’s how it works. Some mortgage companies will give you the benefit of fair-market rents when you purchase a property with the intention of renting it out. This type of financing is called non-owner occupied and costs more than primary home financing. You can expect to receive a rate that’s 20 to 35 basis points higher than owner-occupied and secondary home transactions. Now, let’s say you’ve had a rental property for the last few years. Your new rental agreement is higher than the rental income from previous years,... Read more
If young families in New England can’t find a starter home to buy, she might be partly to blame. As a small-time real estate investor, she swoops in and buys...
People ask me all the time if they should invest in Multi-Family Properties. If you’re one of them, my answer is ABSOLUTELY… but only if it fits your...
Thousands of homeowners are being left behind by the housing market recovery. In nine cities in the U.S., more than one in five homeowners owns a home that is seriously...
Following the subprime mortgage crisis from 2007-2009, the United States has seen a slow but noticeable recovery for the housing market but has left behind much of the...
If you’re planning on moving, you might consider turning your primary residence into a rental property, also known as an investment property. Before we get into the weeds, let’s take a moment to understand the definitions of these property types. Primary Residence: This is the home you live in, whether it’s an apartment or a house. You can only have a single primary residence at a time. When buying a home as your primary residence, there are often perks, such as a lower interest rates, a lower down payment and, in some situations, tax benefits. Investment Property: This is a property that’s been purchased for the purpose of creating income, such as an apartment. When... Read more
A slight drop in interest rates was not enough to rejuvenate the mortgage market, although refinances are still elevated since the Brexit vote caused the initial rate...
A recent survey from Smart Home vendor August Home shows that advances in Smart Home technology is playing a role in where travelers decide to stay during business trips...
Home remodeling and renovation activity weakened somewhat during the second quarter. Across the board, major indicators reported slight declines, particularly in larger...
Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA...
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