30
May
By Jim Hasek
Real Estate, ,

Buying A Second Home And How To Pay For It

How does an average homeowner become a real estate investor? Certainly, owning a home is an investment in real estate. However, this guide discusses the next step for many to become a real estate investor. This is to buy another property and use it for a commercial purpose. Owning another home is less of a burden when an investor finds a way to make the home pay for itself. Here are some tips on how to help a property generate cash flow: Renting Out A Home Renting the home to others may be an effective way to pay for it.…
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10
May
By Jim Hasek
Real Estate, ,

The Benefits Of Developing A Multi-Use Property

Renovations that create a multi-use property or the development of a new multi-use project can be a very attractive investment especially in urban areas that are undergoing redevelopment. The concept of multi-use is to make the most of the site that is revitalized or developed. Multi-Use Projects Typical multi-use projects have a mixture of retail space, restaurants, offices, and/or living spaces. They may include parking areas. Large multi-use projects can also become destination locations that are core improvements, which create a momentum for the gentrification of an entire area. Waterfronts, boardwalks, and walking promenades are successful as multi-use projects in…
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23
Aug
By Jim Hasek
Real Estate, ,

4 Reasons Millennials Should Buy A Retirement Home First

There’s an idea running through marketing and business circles that anything that is popular, the opposite will likely be popular as well. Consider that sugar and caffeinated beverages such as Coca-Cola have seemingly opposite products like Coke Zero. That product, in turn, is offset in the marketplace by high-sugar, high-caffeine energy drinks such as Monster and Red Bull. In the housing industry, reverse living homes enjoy popularity. Basically, the bedrooms are downstairs while the kitchen, living room and other gathering spaces are upstairs. This concept of doing the opposite brings us to the idea about buying a first home. The…
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14
Aug
By Jim Hasek
Real Estate, ,

Myths About Buying A Vacation Home

Are you thinking about buying a vacation home? Maybe owning two homes is part of your retirement dream. Maybe you'd like to have a second home in your favorite holiday locale. If you are thinking about taking this step, you might have talked to family and friends about it. Unfortunately, many people give well-intentioned, yet poor advice when it comes to buying a vacation home. Here are some myths -- and the truth -- about buying a second home straight from leading real estate experts. You Can Buy A Vacation Home With No Money Down You have probably seen advertisements…
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19
Jun
By Jim Hasek
Real Estate, ,

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. 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 it…
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04
Jun
By Jim Hasek
Home Mortgage Tips, ,

Thinking About Buying An Investment Property? 6 Tips To Ensure You Don’t Get Fleeced

Purchasing an investment property is one of the most important decisions that you'll ever be a part of. As such, it's a necessity to make your decisions with only the most careful of consideration. Here are the six tips that you need to heed in order to ensure that you don't get fleeced. Find The Right Property At The Right Price Yes, this is a whole lot easier said than done. However, it's not impossible. All it takes is some patience and research. You have to determine what everything in your area is selling for in order to be able…
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