By now, we all know that real estate can be one of the best investments you ever make. But what about investing in real estate abroad? That’s just impossible and you shouldn’t even dream about it, right? Wrong!
In my previous article, I discussed three big risks that anyone considering a real estate investment needs to know about. Although real estate investing can be hugely rewarding, if you don’t do your due diligence, it can also be a nightmare. Here are four additional risks you need to watch out for. (Click here to read about the first three risks.)
Historically, investing in real estate has been one of the best ways to build long-term wealth. Many of the world’s richest people made their fortunes by investing in properties. However, just as with any other type of investment, real estate investing is not without risk. Here are a few pitfalls you should be aware of before becoming a real estate investor. We’ve divided them up into two installments.
The Airbnb craze is sweeping the planet, with more than 4 million property owners using the site to rent out everything from tent sites to medieval castles. We’ve all heard the success stories of folks who’ve turned this leader of the “sharing economy” into a full-time income. But is investing in an Airbnb rental a good solution for you?
HGTV and other popular cable channels are flush with home renovation “reality” shows. They make it look both fun and easy to buy, fix up and quickly resell a home for big profits. While entertaining, the shows are obviously scripted for high viewership and ratings. Here are a few important things the shows omit or just get wrong.
If you hang around online forums for real estate investors, it’s easy to assume that everyone starts with residential properties, but if you really want to be a successful real estate investor, you need to move to commercial. It seems most investors believe that residential real estate is the kiddie pool and “mature” real estate investors turn to commercial as soon as they’ve accumulated enough experience and have access to enough funds. But is commercial real estate better than residential?
I love investing in real estate, and it’s been more profitable and personally rewarding than any other investment strategy I’ve tried. I’ve read a lot of books on real estate investing, and I’m occasionally asked to list my favorites.
If you’re thinking about buying an investment property but don’t have the cash needed in your bank account, don’t despair. Luckily, there are more financing options than you probably realize. Selecting the best option for your real estate investment strategy and particular situation can even save you thousands of dollars.
For many of us, our home is the single biggest investment we’ll ever make. And just as we track the value of our other investments, it’s wise to assess the value of our main property (as well as any secondary properties we might own) from time to time. Of course, the value of any home fluctuates based on market conditions and other factors. So the question is: How do you determine the current market value of your home?