I came up with the following rules of successful real estate investing over my many years of successes and failures. These are the same rules I follow today and share with our clients at Norada Real Estate Investments.

1. Educate Yourself

Knowledge is the new currency. Without it you are doomed to follow other people’s advice without knowing if it’s good or bad. Knowledge will also help take you from being a “good” investor to becoming a great investor, and that knowledge will help provide a passive stream of income for you or your family.

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Introduction To Durham Real Estate Market

The North Carolina real estate market is a great choice for real estate investors. Durham, NC is home to roughly a quarter million people. However, Durham is the heart of the Durham-Chapel Hill area, home to about half a million. It is also square in the middle of the Raleigh-Durham-Chapel Hill metro area; that’s home to just over two million people and includes the state capitol. It also presents an excellent opportunity for real estate investors. Job opportunities and moderate house pricing have contributed to the excellent growth of the Durham real estate market.

The Durham housing market has made considerable improvements since the housing bubble burst. Only two years after the market crash in 2008, Durham was considered as one of the few favorable locations to invest in the real estate. With a strong population growth and a solid economy, the rental demand in Durham, North Carolina is continuously increasing. Durham real estate typically performed stronger than the U.S. average due to the popularity of the Triangle area among new and out-of-state residents, as well as investors. Real estate investors have a particular interest in the Durham and Raleigh areas which both have an increasingly educated and growing population, as well as a diverse economy employing its base.

Original Photo via Pixabay

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Introduction To Louisville Real Estate Market

Louisville is the largest city in Kentucky, and it is roughly 30th in the U.S. The city itself contains six hundred to seven hundred thousand residents. However, that’s not the entire Louisville real estate market. The wider Louisville metropolitan area is home to around 1.3 million people. Because Louisville is just south of the Indiana border, this means part of the Louisville housing market extends into Indiana. The bigger question for investors is why they’d want to invest in the area.

Forget hot markets like Miami, New York City and the California coast and look at “flyover country” for some of the best real estate markets for investors. The best choices are those markets with steady growth, long term potential and affordable properties. These are among the ten reasons to invest in the Louisville real estate market. But let’s discuss the fundamental demographics behind the Louisville housing market.

Original Photo via Pixabay

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Introduction To Boston Real Estate Market

Boston is home to around 700,000 people, making the Boston real estate market rather large on its own. Since it contains around 80% of all residents of Massachusetts, it is certainly the first place that people choose to research, when they want to invest in the state. The broader Boston metropolitan area is home to more than four million people. For most people Boston is a high-priced real estate market, though it isn’t as expensive as Washington DC, San Francisco or New York City. Greater Boston is still an expensive place to buy a house, but the years of relentless price increase may be nearing an end.

It’s too soon to know if this trend is a blip or is the Boston housing market heading towards some stability. However, the new investors should always consider cheaper markets for investment. Because of the large number of students, college and university faculty, it is a no brainer for savvy investors to invest in a rental property in Boston. A rental property in Boston is guaranteed to get a lot of demand from tenants – whether an apartment or a condo or a single family home. In fact, any investment property is likely to get rented out fast. Airbnb rentals are one of the best options for real estate investment in Boston. Let’s look at ten reasons to invest in the expensive Boston housing market.

Original Photo via Pixabay

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Introduction To Pittsburgh Real Estate Market

Pittsburgh sits where the Allegheny and Monongahela rivers meet and form the Ohio River. That location gave it access to the ocean and the interior, while nearby iron deposits fueled its growth. Pittsburgh, Pennsylvania is home to around 300,000 people. However, the Pittsburgh real estate market is much larger than this. The entire metro area is home to over two million people.

Pittsburgh ranked at the top of the Nationwide’s 2015 Health of Housing Market Report. It is home to approximately 90 diverse and eclectic neighborhoods and many of them offer the convenient access to downtown and urban amenities. In this article we’ll be looking at the top ten reasons to invest in the Pittsburgh housing market. We’ll also figure out how is the robust housing market in Pittsburgh shaping up in 2019 for real estate investors as well as home buyers.

Original Photo via Pixabay

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Jersey City Real Estate Market

Jersey City is the second biggest city in New Jersey. The city is home to almost 300,000 people. Unlike many other “Rust Belt” cities, Jersey City is still growing. Its population grew roughly 9.4% between 2010 and 2017. This is a continuation of the city’s rebound since its 1980 low point. There really aren’t suburbs in the Jersey City housing market, just adjoining cities that are likewise in the shadow of the Big Apple. Should you invest in the Jersey City real estate market in 2019 before it eventually becomes too expensive? Let’s look at the 10 best reasons that make Jersey City still lucrative for real estate investors and buyers.

Original Photo via Pixabay

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Introduction To Columbus Ohio Real Estate Market

The Columbus Ohio real estate market remains hot for investors and buyers alike in 2019. The real estate statistics in Columbus show us that while the construction is increasing, inventory is still scarce because of demand in those cities. This is causing the price increase of Columbus real estate. Columbus, Ohio is the 14th largest city in the U.S. It is home to almost nine hundred thousand people. Forbes reported in 2018 that Columbus is a rare Midwest success story, a “Rust Belt” city that has truly transformed itself and has begun growing again. It is the only large northern city to grow by more than 10% between 2010 and 2018. Compare this to many northern cities continuing to hemorrhage people, whether they are moving to the suburbs or the south.

This makes the Columbus housing market much healthier than Cleveland, Detroit and smaller Ohio cities from which it has drawn population. The Columbus Ohio real estate market is actually bigger than many think. Take the suburbs into account, and the Columbus housing market encompasses around two million people. It is the second largest metro area in the state. We shall give you some Columbus Ohio real estate statistics, such as median home prices and available inventory, which will help you understand the way the local market moves in this region.

Original Photo via Pixabay

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Introduction To Colorado Springs Real Estate Market

The Colorado Springs real estate market gets overlooked in favor of bigger markets like Denver. However, Colorado Springs has a number of things in its favor for residents and real estate investors alike. We’ll provide an overview of the Colorado Springs area and before listing ten reasons to invest in the Colorado Springs housing market. Colorado Springs sits on the eastern side of the Rocky Mountains. Colorado Springs contains nearly half a million people.  The Colorado Springs metropolitan area is home to around seven hundred thousand people. The Colorado Springs area is seeing continual, rather fast growth.

Colorado Springs real estate has continued to appreciate in value faster than most of the markets in the US. Conditions in the Colorado Springs real estate market seem to be in a sustainable, upward direction and show no signs of slowing down. The single-family home market in Colorado Springs is stabilizing a little bit. Inventory is rising and prices are increasing at a slower pace. The local economy is strong and mortgage rates remain low.

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Introduction To Charleston SC Real Estate Market

Charleston is home to over a hundred and thirty thousand people. However, the Charleston housing market is significantly larger than this. The broader metropolitan area contains around seven hundred thousand people. The Charleston SC real estate market ranges from a somewhat dense downtown full of apartments to luxury waterfront homes and condos to affordable suburban properties. Charleston real estate market trends suggest a promising future for both investors and home buyers in the year 2019. The Charleston housing market is somewhat competitive and will stay competitive in 2019 as well. Charleston Metro is predicted to see major growth among several industries in 2019-2020.

Original Photo via Pixabay

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Introduction To Raleigh NC Real Estate Market

Raleigh, North Carolina is a southeastern city often overshadowed by the larger Charlotte market. Raleigh is the capital of North Carolina. It is the second largest city in the state. It is home to roughly half a million people. However, the Raleigh housing market is much larger than this. The Raleigh metropolitan area – the city and its surrounding suburbs – account for about one and a half million people. Recent forecasts and predictions for the Raleigh housing market suggest that home prices will continue rising in 2019. To consider the prospects of investing in the Raleigh NC real estate market, we’ll focus on factors that matter to investors instead of citing the many high quality of life metrics and awards the city receives that draw new residents to the area.

Original Photo via Pixabay

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Dayton Ohio Real Estate Market

Dayton, Ohio is the sixth largest city in Ohio. The city is home to roughly 140,000 people. The metro Dayton Ohio housing market includes around 800,000 people. That makes it the fourth largest in the state and roughly 60th in the United States. To many, it is a small city in flyover country. However, the Dayton Ohio real estate market offers more than meets the eye. The market trends show that the Dayton area has real potential for a single family home or an investment property in the year 2019.

The general picture of this region is on the upswing. Home values are predicted to go up a healthy 1.9% in 2019, making Dayton a positive choice for real estate investing in the next five to ten years. In 2017, three communities in the Dayton-area were named among the top 10 healthiest housing markets in Ohio, including one local market that ranked third nationally. Northridge, Oxford and Beavercreek were considered as some of the best housing markets where homeowners can easily sell their homes with low risk of losing money., according to a study conducted by the finance website SmartAsset.

Pic Credits: Pixabay.com | Photo by PublicDomainPictures

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How To Become A Landlord

The ultimate goal of investing in rental property is to turn a profit.  To ensure that you achieve that goal it is essential that you follow several critical guidelines. Most of us dream of becoming a landlord but it an easy or a difficult job? Before you start searching for a home to rent, you should think about the responsibility that comes with being a landlord to your tenants. If you’re interested in investing in real estate, the single-family rental market might be a good option. Being a landlord can be a profitable venture that provides a steady income stream while your property appreciates in value. You might also be able to enjoy certain tax advantages while you build equity in the home.

Here are 8 valuable tips for becoming a successful landlord and start a rental property business.

1. Screen Your Tenants

First, always make sure that you check tenant references. This is the first step of becoming a successful landlord. This can be a burdensome step and many landlords overlook it because they feel as though they have good instinct when they meet with the tenant.  But not checking references can lead to a number of problems later on.  You will uncover a wealth of information about potential problems before you rent to a prospective tenant. It’s also worth the time to do a background and credit check on all potential tenants. There are several online tenant-screening services available, and you should be sure to check potential tenants’ credit scores. You should also conduct an interview to make sure you’re comfortable interacting with them, and check references, especially from employers or past landlords.

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Introduction To Real Estate Investing

Real estate investing is the purchase, ownership, management, rental and/or sale of any type of real estate for profit. It refers to any property owned solely for the purpose of generating profit, either through rental income or through market value appreciation. A real estate is an asset form with limited liquidity relative to other investments. Any type of real estate investment requires high amount of capital and is also highly cash flow dependent to call it a profitable investment.

Investing in real estate is commonly touted as a great way to become wealthy. And it is true that it has long been a road to financial success, remaining so even today. There are a number of benefits of buying investment properties over starting your own business. In this article you will get to know why investing in real estate is a great step towards achieving that much desired financial freedom.

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Starting A Real Estate Investment LLC

Why have an LLC?

There are mainly two reasons why you want any kind of business structure:

Pay less tax, and protect your assets. LLCs can be especially helpful if there are multiple owners of a property. When you create an LLC, you’ll create an operating agreement that outlines the rights and responsibilities of each member of the LLC.

This can help you seamlessly manage your rental property business and also protect each member of the LLC in case of legal trouble.

Before you jump into creating your LLCs for your real estate holdings, there are a few things to consider.  Do NOT make these three mistakes while creating an LLC for your real estate investment company.

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Best Finance Book Of All Time

Research shows that 88% of wealthy people devote at least 30 minutes a day to reading. If it works for them, it could work for you. For the majority of people, books are part of their everyday life. A book is like a best friend who will never walk away from you. You start out with that 15 to 20 minutes of reading every day, and the next thing you know you’ll be doing an hour a day because you’ll be so excited about all the information that you’re learning.
Below, we’ve rounded up 12 best finance books. These are the best finance or money books of all time to help you get out of the rat race of debt and achieve the wealth that you truly deserve. These best get rich books of all time teach you that mastering your money has more to do with mindset and overcoming psychological barriers than anything else, and they teach you how to start thinking your way to success. A person is limited in what they can accomplish without good reading and comprehension skills. Anyone who wants to learn the art of money making and getting success must read these best finance books of all time.
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Tucson Real Estate Market Update 2019

Real estate market booming in Southern Arizona and housing experts see positive trends in the Tucson market. The Tucson real estate market hit the news a decade ago for hitting incredible highs before the average home value was cut in half. However, the Tucson real estate market’s slow recovery has been overlooked by the media and investors alike. Let’s take a look at the Tucson market today. Tucson is home to around half a million people. The Tucson housing market is larger than that, though, because the Tucson metropolitan area is home to around a million people in all. The Tucson housing market is seeing moderately strong demand, but the Tucson housing market is nowhere near the insanely overheated conditions it saw in the 2008 housing bust. The Tucson area is slowly growing and has excellent long term prospects.

Pic Credits: Pixabay.com | Photo by austinscriver

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