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How to Invest in Real Estate: A 7-Step Beginner’s Guide

The Close

Build a network of reliable professionals like real estate agents, contractors, and property managers. Fix and flip: This involves buying a property that needs improvement, repairing it, and selling for a profit. They’re an excellent way to invest in real estate without owning property needing maintenance and tenants.

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How to Buy a Multifamily Property in 10 Steps

The Close

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs. That will get you more money to purchase and renovate a multifamily property.

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How to vet private money lenders for real estate investing

Housing Wire

The problem with private money lenders is that good ones are hard to come by. Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender.

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How to Buy Multiple Rental Properties With Financing Options

The Close

Zillow’s properties for sale (Source: Zillow ) Zillow offers a property listing database with over 135 million listings. Trulia’s properties for sale by state (Source: Trulia ) Trulia is a convenient app for finding real estate, whether for buying or renting. Shop around, as some may have lower starting rates.

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What Is the BRRRR Method & How Does It Work in Real Estate?

The Close

Once you’ve found an undervalued property, it’s time to consider the best option for financing. The typical finance options for the BRRRR method are as follows: Hard money loans : These loans are typically short-term and come from a private, non-bank lender. Plus, finding a hard money loan can be difficult.

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This Is How Much Profit You Should Make On a Rental Property

Kyle Handy

Hard Money Loan Hard money loans are funded by private businesses or individuals. It works best for properties that need extensive rehabbing. It works best for properties that need extensive rehabbing. They tend to have higher interest rates, more fees, and shorter terms.

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How to Buy a Vacation Home: Step-by-Step Guide

The Close

As you consider the process of how to buy a vacation home, here are the main benefits and disadvantages: Pros Cons A vacation property can provide an additional source of income. Whether you rent the property or not, you'll be responsible for utilities, maintenance, taxes, and property management fees.