July 2022

Are owning rental properties worth it? A rental property could be a sound investment, particularly if the rental income you collect offers you some extra income. However, it’s best to weigh all aspects of purchasing a second home, including financial implications, taxes you’ll have to pay, laws involved and how much extra time you have […]

Can buying rental properties make you rich? The truth of the matter is this – one rental property isn’t going to make you rich. And neither will two or three properties. If you get an average of $250 per door per month in cashflow from a rental property, investing in a duplex will only net

Do I have to pay capital gains in 2 states? If the property was in another state, such as real estate, then that state gets to tax the gain as well as does your resident state. This doesn’t apply to intangibles such as stocks, etc. How do taxes work for out of state and live

What is rental 1% rule? The 1% rule of real estate investing measures the price of the investment property against the gross income it will generate. For a potential investment to pass the 1% rule, its monthly rent must be equal to or no less than 1% of the purchase price. Is the 1% rule

Is investing out of state a good idea? ROI is greater when you invest in out of state markets that make sense. Buying rental property in undervalued markets where population and job growth is strong can create significant appreciation in market value over the longer term. Is rental property a good investment in 2022? The

Is it hard to buy a house if you just started a new job? You can get a mortgage even if you’re just starting your career: You don’t always need years and years of work experience in order to get a home loan approved. Sometimes, a lender will approve you on the strength of a

Can I buy a house and not live in it? In closing, it is definitely possible to buy a home in a state you do not currently live in. Your mortgage terms depend on how you intend to occupy the property, your employment situation and where you plan to live on a permanent basis. Can

Can you buy a house without living in it? There is one catch, however, FHA loans require that you live in the property you seek to purchase. To get around that rule, you can purchase a property with up to four rental units and make one unit your primary residence. Can I rent out a

Can I take home loan from different city? Can I take a Home Loan for construction in one city while working in another city? Yes, you can take loan for construction in one city while working in another. The banks usually service this loan after getting details of the plot legally verified. Is it hard

Can I buy a house if I don’t live there? While interest rates are somewhat higher for non-owner occupied homes, you need an investment property home loan. Should you convince a lender that you will live in the property, thereby getting a lower interest rate, you risk having a loan default issue. Can you buy