How To Manage Investment Property While Working Full-Time

In 2017, upwards of 75 percent of independent rental property owners in the U.S. reportedly worked another job on top of being a landlord. That means the overwhelming majority of landlords are attempting to juggle more than they can handle at times. However, there are organizational and strategic concepts that can maximize efficiency and profitability. Consider the following tips that bring property management tasks under three basic headings: organization, automation and outsourcing.   Organization Matters One of the things that tends to overwhelm landlords is thinking about the rental properties as an extension of home ownership. The rental seems like…
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Fix and Flip: Forget What You See on Television

The drama of home and garden TV shows may be fun to watch, but no matter what you think, reality shows are not at all like real life. If you think it's easy to buy a house that needs updating and turn it quickly for substantial profit, you might want to think again.  That doesn't necessarily mean, though, that you should shy away from the idea of buying a "fixer-upper" -- just that you should approach such a home purchase with eyes wide open.  Here are some valuable tips: Buying a house that needs cosmetic updates can make financial sense, particularly…
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Buying A Foreclosure: 5 Things To Know

Buying a property out of foreclosure can be a very smart move, financially. But it can also be complicated, expensive, and stressful. Here are 5 things to keep in mind before you take a first step in that direction: Cash Or Preapproval Required Buying a house that has been returned to the lender through foreclosure means dealing with bureaucracy rather than with a motivated seller. Large lenders are notorious for taking their time to approve a contract, even if the offer is for the exact amount specified. Then there's the paperwork, which can seem endless. Most lenders require that prospective buyers…
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