Archive for the 'Real Estate Investing' Category
Dallas Housing Market: Things to Watch in 2019
Dallas real estate market offers some great profit-generating opportunities to all types of real estate investors. Whether you’re buying your first income property or just adding another one to the portfolio, Dallas housing market is a great place to do so as it doesn’t get any more “location” than this. Dallas has a strong economy and a constant population growth and will make your pockets bigger. As rents goes up smart investors should invest in Dallas real estate.
Purchasing an investment property in the Dallas real estate market, whether it a single family home or a multifamily apartment is an investment that can pay out some huge benefits in the event that you have some experience and education in real estate investing. You have to know the best places to put your money in real estate so you must do some extensive research to find out the best neighborhoods in Dallas real estate market. Let’s take a close look at the Dallas housing market trends and forecasts for 2019 & 2020 and find out why to invest in this hottest market in Texas.
Population Expected to DOUBLE in Next 15 Years
Dallas Real Estate Investing
The Dallas Housing Market is booming and to invest in Dallas in 2019 is considered as the best decision by seasoned rental property investors. Cities like Dallas have seen residential exodus characteristics with both domestic and international immigration. The Big D’s home prices have been skyrocketing with home owners and renters improving their desirability to the Dallas’ urban neighborhoods full of Millennials.
Should You Invest In Dallas Real Estate?
You should invest in Dallas investment properties because of its favorable business climate and Texas’ low taxes are pulling in innovative companies that strengthen the city’s economic diversity. New York may have been the city that never sleeps with several cultural attractions, fashion icons and trendsetting architectural designs but it’s been falling behind recently. Now Dallas has taken over as the hot destination for savvy and new real estate investors. Since 2010, about 100 firms have moved into DFW from other states, including Toyota North America from California and Topgolf from Illinois.
Houston Real Estate Investing
It’s no more an unknown thing for a savvy real estate investor to know that Houston, Texas is a beautiful place to live and raise a family. Houston, with a fascinating history is considered to be one of the most desirable locations to invest in real estate in the US and the whole world at large. Regarding selling beautiful homes for sale, Houston housing market is is booming and becoming one of the favorite destinations for those looking for a beautiful home. In case you are thinking about investing in Houston real estate, as an investor, it is only logical to consider the largest cities in the country. So, in this article, we will look at the top 6 reasons to invest in the Houston housing market in 2019.
Houston is the #1 Market in the US for Job Creation
Hottest Des Moines Real Estate Market Insight
Des Moines is the most populous city in Iowa, and it is also the capital of the state. Des Moines is home to over 200,000 people. The entire Des Moines real estate market includes the five county metropolitan area that is home to around 600,000 people and will soon have nearly three quarters of a million residents. Des Moines Area continues to be on everyone favourite because of affordability. The new developments in downtown and the suburbs continue to make this area a great value, a great place to buy a house or invest in real estate.
The Des Moines real estate market is strengthened by its rich and growing economy. The local real estate market went through a slow recovery after the housing crisis in 2008. However, it has been gaining momentum the last few years and is poised to continue growing thanks to the Des Moines’ solid economy and population growth. The Des Moines housing market is also more affordable than most others in the country. Let’s take a close look at the Des Moines real estate market trends and forecasts for 2019 & 2020 and find out why to invest in this hottest market in Iowa.
The Best Real Estate Websites For Investors And Buyers
We’re not going to tell you where to go to find a real estate investment loan or good building contractor; you can find recommendations in those areas almost anywhere. Instead, we’re going to focus on the the best real estate websites that make it easier to perform due diligence when researching properties and simplify the process of finding, vetting and managing tenants. Here are the 14 best real estate websites in 2019 for all aspects of finding and managing real estate.
1. Best Real Estate Website – Realtor.com
Realtor.com comes in our list of the best real estate websites because they provides a variety of valuable information. For example, it provides a quick snapshot of local markets like the median sale price ad average price per square foot so you can estimate what a house is worth on the market in good condition. It can show you the properties that just hit the market and the ones that have sat for months, nearly guaranteeing the sellers will take any reasonable offer.
If you identify good prospects, the site can connect you with their real estate agent so you can arrange a tour. While this site isn’t the best one for listing a rental property, it should be on the list of sites where you add your newly available rental to maximize the number of possible tenants who see it.
2. Best Real Estate Website – Zillow.com
Zillow.com is one of the biggest and best real estate websites for people buying and selling homes, but it can connect renters and landlords, as well. If you have a property you want to rent out, it should be listed on Zillow. Furthermore, you should be checking the rental rates charged for comparable properties in the area so you don’t charge too much and have the property sit vacant.
If you want to find properties in a given area, the Zillow “make me move” feature is invaluable. You can find properties that aren’t officially on the market and make an offer.
3. Best Real Estate Website – Trulia.com
Trulia and Zillow should be seen as complimentary. Zillow provides some data that Trulia doesn’t such as the size of the lot and the year a home was built. Trulia.com fills in the gaps by telling you when the price of a home was reduced, helping you find potential bargains.
It also provides a transit score for each property, a value that allows to you identify properties people who don’t want to own a car will pay a premium for. The ranking of properties by their popularity should be seen as market research. Know which property types or areas are seen as desirable, but don’t get into a bidding war on “hot” properties.
4. Best Real Estate Website – BiggerPockets.com
BiggerPockets.com is one of the best general informational sites aimed at landlords and real estate investors. The social networking side is akin to social investing; it connects buyers, sellers and people just learning about the topic. You can ask questions of experienced landlords about any number of topics.
There are free articles, podcasts and blogs. You have to pay to be able to access a number of reports and gain the ability to connect with other property investors. Yet you can find free articles on subjects like handling unsolicited offers, tips for a successful house flip, and the tax planning you need to engage in before selling an investment property.
5. Best Real Estate Website – Rentcafe.com
Rentcafe.com is a website prospective tenants will visit to understand what the market rates for rent in given areas. You’ll learn what your prospective tenants expect to pay in various communities, which neighborhoods have a reputation for affordability, and their expectations regarding lease terms.
For example, this site informs them what they should expect to pay for utilities or how much more they’d pay for a lease that includes utilities.
6. Best Real Estate Website – Nolo.com
Nolo.com is a legal resource that every landlord should be referencing if they don’t have a lawyer to consult. This website can provide information you can’t do without such as the terms you must abide by in a lease written for a specific state, how you must handle deposits, and the rules you must follow if someone is late with the rent.
For example, the website shares the legal disclosures landlords must provide every tenant, when you search for the regulations that apply to landlords in a particular jurisdiction. You can quickly check to see when and for what reasons a tenant can withhold the rent and when they can deduct repairs from the rent.
7. Best Real Estate Website – eRentpayment.com
The website eRentpayment.com provides a number of services that landlords can appreciate. One service the website provides is tenant screening. You can ask them to fill out online applications instead of dealing with paperwork. Through the eRentpayment.com portal, they can submit to credit checks and background checks. Many landlords will appreciate the eviction report that tells you whether they’ve been evicted in the past few years.
Another service it provides is online payment processing. You can use the site to receive rental payments from each tenant, and it will send them automatic reminders if they are approaching the due date. You can customize late fees so that the late fees are charged at a unique level by property.
The site charges only a few dollars per monthly rent payment to collect the payment and send it to you as well as generate the receipts for everyone involved that rent was, indeed, paid.
Many tenants will appreciate the fact that the site tracks rental payments to credit reporting agencies, allowing them to improve their credit by paying you on time. The site even allows your tenants to submit maintenance requests, whether you handle the issues themselves or route them to the appropriate contractor.
8. Best Real Estate Website – Mysmartmove.com
Mysmartmove.com is a site solely for background checks and credit checks of potential tenants. The basic package does a credit check against Transunion’s database and pulls a National Criminal Background Report. The “Plus” package adds an eviction report. The “Premium” level includes a full credit report and estimates their income.
When you ask a prospective tenant to submit data for the report, you’re sending the link from Mysmartmove to them. They fill out the necessary details and you receive the reports. They can be required to pay for the screenings in order to have the report submitted to you. This eliminates the need to process application fees, and you won’t be handling their sensitive information.
Complaints about the site are that up to a third of applicants don’t complete the background checks, but these may be the prospective tenants who don’t want you to know that they have had prior arrests or evictions. The only caveat here is that not every state feeds arrest reports to their system.
You should require a background check of every adult in the household to get an honest assessment of the family, since one partner may have a clean credit and criminal record but the other has been arrested and/or evicted.
9. Best Real Estate Website – The Local Tax Appraisal District Website
The United States has fifty states and literally thousands of local taxing jurisdictions. The local tax appraisal website provides a wealth of information to prospective landlords and property buyers. For example, data mining tools mine these sites to find people who own more than one home.
Letters get sent to their primary residence with offers to buy the other properties they own. While some of these offer letters go to landlords who don’t plan on selling, it can drum up leads in the form of people who didn’t plan on leasing their old residence but had to do something to pay the bills. This periodically results in turnkey properties that already have tenants in them being offered for sale.
These websites yield other information, as well. Are there tax liens against the property? Are there mechanics liens or a mortgage against the property? This can give you an idea of what legal mess needs to be untangled before you make an offer. What does the county or city say it is worth?
A property can certainly be worth less than this estimate because it is in dire need of repair, but the tax district’s appraised value gives you an idea of what the authorities will use as the basis for your property tax bill unless you make a good case it is worth far less.
10. Best Real Estate Website – MLS.com
MLS.com is a free MLS search to find real estate MLS listings for sale by Realtors® and other realty professionals that are members of your local MLS Multiple Listing Service. MLS.com also features real estate news, common real estate questions and answers, real estate classes, mortgage information and a mortgage calculator. Find homes for sale, new homes and resale homes, new construction, acreage, lots, land, commercial property and investment property.
11. Best Real Estate Website – Noradarealestate.com
Norada Real Estate Investments is a premier real estate investment firm providing investors with quality new and refurbished investment properties in growth markets throughout the United States. Founded in late 2003, they were the second nationwide provider of turnkey real estate – with properties as far south as Florida to as far north as Michigan.
Norada Real Estate Investments helps take the guesswork out of real estate investing. By researching top real estate growth markets and structuring complete turnkey real estate investments, they help you succeed by minimizing risk and maximizing profitability.
Noradarealestate.com offers investors fully refurbished as well as new construction residential properties ranging from single-family homes on up to fourplex multi-units. Their properties make sense the day you buy them. There is nothing that needs to happen in order for the property to be a good wealth-building investment. You can contact one of their Investment Counselors to ask any questions, or to discuss your investment goals.
12. Best Real Estate Website – Homes.com
Homes.com is also one of the best real estate websites where you can find all that you need to know about every phase in the home buying, selling, renting, and financing process. They’ve also compiled everything you need to know about how to rent a home – things to consider when renting a home like choosing which amenities are important, what’s your rental budget and how to calculate the costs of homeownership, understanding your rental agreement, and how to do a rental property walk-through.
With their finance section, they’ve created some money-saving tips and advice to make the process a little easier while helping new homeowners and those looking to refinance get familiar with their financial capabilities. You’ll also find useful information regarding how to understand your credit and what type of credit score you need to buy a home in addition to how to improve it. You can also find details about the components of a mortgage including the types of mortgage rates, how to understand mortgage down payments and the steps to getting pre-approved by a lender.
13. Best Real Estate Website – Auction.com
Auction.com is the nation’s leading online real estate marketplace offering over 30,000 discounted residential bank-owned and foreclosure home deals. It is also one of the best real estate websites which can help you reach your real estate investment goals by offering the largest selection of residential bank-owned and foreclosure homes.
Auction.com’s marketplace has streamlined the distressed property transaction for buyers and sellers.
With the help of technology and data science, they have created an unrivaled transaction platform that has resulted in $39 billion in sales, 4.4 million registered buyers on Auction.com, 329,000 properties sold to date, 30,000 properties available for sale, 1,000+ employees serving the needs of buyers and sellers, and more than 15,000 auctions per year in all 50 states.
The buyers can bid and purchase properties using their superior technology platform. Buyers can receive convenient access to property information, exclusive inventory, personalized property matches, onsite and online education, and customer support throughout the entire process.
The sellers receive the nation’s largest and most reputable auction programs, an unrivaled marketing reach, and data intelligence and insights to move assets quickly.
14. Best Real Estate Website – Curbed.com
Since 2004, Curbed.com has been an integral part of the local news landscape online. They are uniquely primed to surface relevant local issues to a broad, national audience. Unlike a glossy shelter magazine, they see homes, streets, neighborhoods, and cities as inextricably related.
Curbed.com covers 14 American cities, while their flagship site covers every place (and trend, and big idea) in between.
Best Real Estate Websites – Conclusion
No one website provides all of the information a real estate investor needs, not even when they are theoretically competing with each other. Use the information that these 14 best real estate websites provide so that you can perform thorough research on any prospective house or an investment property before you make an offer.
Hottest Houston Real Estate Market Insight 2019
The Texas real estate market has been pretty quiet for a little under a decade now, but the real estate market in Houston has managed to remain relatively consistent while its surrounding areas have dragged their feet. There was a time when Houston seemed immune to the highs and lows of housing cycles, but it now seems to have joined the pace of the national average. But its rate of appreciation continues to be slightly above the national rate. The Houston Real Estate Market is becoming a hotbed of buyer activity that could be really beneficial for real estate investors; just ask the multitude of overseas investors who are choosing Houston as the city of choice to invest in for the foreseeable future.
If you are a home buyer or real estate investor, Houston definitely has a track record of being one of the best long term real estate investments in America through the last ten years. The Houston Real Estate Market forecast 2019 is good, and current home prices in Houston are relatively low, so if you want to get on board the Houston real estate investing then now would be a great time to do so. The combination of a strong economy, low unemployment, and a lack of inventory in many market segments continues to push the home prices in Houston to a higher side.
Hottest Tampa Real Estate Market Insight
If you’re keen to invest in your future in the Tampa real estate and buy before prices become out of reach, you must peruse till the end. Tampa is gaining popularity owing to its hot housing market where a number of investors have been putting in their stakes. If you are a home buyer or real estate investor, Tampa has a track record of being one of the best long term real estate investments in the US through the last ten years. The Tampa real estate market is growing steadily, prices are still low and properties have a good chance for appreciation in the coming years. 2017 was an important year for the real estate in Tampa FL as it experienced an 11.1% increase in the housing mostly owing to the growth in employment opportunities.
The average price of residential properties in Tampa is around $136,000. However, investors can also find properties for as low as $90,000. On the other hand, the average monthly rent is around $995. With a population of more than 4 million, Tampa, FL is not only an attractive metropolitan area but is also one of the most frequently visited tourist destinations. There are a number of economic and development prospects attached to this market and Tampa, FL was described as one of the hottest real estate markets in the US in 2018. Let’s take a close look at the Tampa real estate market trends and forecasts for 2019 & 2020 and find out why to invest in this hot market in the state of Florida.
Hottest Spokane Real Estate Market Insight
If you’re keen to invest in your future in the Spokane real estate and buy before prices become out of reach, you must peruse till the end. Home prices in the Spokane real estate market are expected to rise at a steady pace throughout 2019. So you should consider making your investment sooner, to dodge higher home prices down the road. Spokane is the second largest city in Washington State. It is sited on the Spokane River in the foothills of the Rocky Mountains. The population of Spokane is around two hundred thousand.
However, the Spokane real estate market includes the broader metropolitan area that is home to nearly 600,000 people. This real estate market is warming up though it is overlooked for hotter markets like Seattle and San Francisco. Data from Zillow shows that the Spokane’s housing market is hotter than Seattle’s for first time in six years. Spokane homes are selling faster than Seattle homes. Let’s take a close look at the Spokane real estate market trends and forecasts for 2019 & 2020 and find out why to invest in this hot market in Washington.
Hottest Lakeland FL Real Estate Market Insight
If you’re keen to invest in your future in the Lakeland real estate and buy before prices become out of reach, you must peruse till the end. Prices in the Lakeland FL real estate market are expected to rise at a steady pace throughout 2019. So you should consider making your investment sooner, to dodge higher home prices down the road. Lakeland is a modest city of around a hundred thousand people. It is part of the Lakeland-Winter Haven metropolitan area; that is home to over six hundred thousand people. Lakeland is fifty miles or so inland, but this makes Lakeland an eastern suburb to Tampa.
While few would like to buy homes in the Lakeland housing market and drive the hour to hour and a half to Tampa to work, driving from the affordable homes in Lakeland to suburbs like Brandon is common. The Lakeland FL real estate market was ranked fifth among major metro areas in early 2018. In 2019, it moved into the number-one position in the Realtor.com ranking. According to Realtor.com, the home sales in the Lakeland, FL area would rise by 5% in 2019, while home prices would go up by 7.4%. Let’s take a close look at the Lakeland FL real estate market predictions 2019 & 2020 and find out why to invest in this hot Florida market.
Hottest Ocala FL Real Estate Market Insight
If you’re keen to invest in your future in the Ocala FL real estate and buy before prices become out of reach, you must peruse till the end. Smaller, stable housing markets like the one in Ocala, Florida are often overlooked in favor of “hot” markets like Miami or promoted ones like every town around the Disney parks. However, there are a number of reasons to consider investing in the Ocala FL real estate market over those that are making the headlines. The Ocala housing market 2019 is healthier and prices are more reasonable.
Ocala is home to around sixty thousand people, though the real Ocala housing market includes the broader metropolitan area that’s home to more than three hundred thousand people. Ocala is interesting for its population density given how rural the surrounding area is. For example, it is notable for the many horse farms in the area while the population density is roughly 1200 per square mile. Let’s take a close look at the Ocala FL real estate market predictions 2019 & 2020 and find out why to invest in this hot Florida market.
Hottest Idaho Falls Real Estate Market Insight
If you’re keen to invest in your future in the Idaho Falls real estate and buy before prices become out of reach, you must peruse till the end. The Idaho Falls real estate market is seeing a crunch because of the increasing demand for housing. Idaho Falls, ID may be the last big town you pass through on your way to Grand Teton National Park. The town is home to around sixty thousand people, a quarter of those living in Boise, the capital of Idaho. State capitals tend to be a good place to invest in real estate, since there are large student markets, stable government employment and other benefits.
However, we’re going to recommend investing in Idaho Falls instead. The rise in real estate prices is a simple result of supply and demand. The housing in Idaho Falls has continued to increase, but then that demand is still outstripping the supply a little bit. Let’s take a close look at the Idaho Falls real estate market predictions 2019 and find out why to invest in this tight market.
The Hottest Las Vegas Real Estate Market Insight
If you’re keen to invest in your future in the Las Vegas real estate and buy before prices become out of reach, you must peruse till the end. The Las Vegas real estate market is as hot as the desert heat in Nevada and the time to buy a Las Vegas property is now. The first half of 2018 saw a huge increase in the demand for housing in Las Vegas, Nevada. The high demand was followed by an increase in population, as well as an overall improvement of the economy in the area. All these factors have had a huge impact on the Las Vegas real estate market, which is considered one of the hottest markets in the US at the moment.
Las Vegas has experienced several booms in its history. And it saw an incredible real estate bust during the Great Recession. Las Vegas’ recover hasn’t made the same headlines as the 50% or greater declines in home values did a decade ago. Yet its recovery shouldn’t keep investors away. For savvy investors, the Las Vegas real estate market is both stable and predictable. In 2018, the Las Vegas housing market was the hottest in the United States. For buyers looking at relocating and buying property in southern Nevada, the Las Vegas real estate market 2019 offers a great opportunity for finding your dream home. Las Vegas is the destination point of millions of visitors, the town is famous for its vibrant nightlife, exciting gaming action, and the natural allure of the beautiful desert that surrounds the greater metropolitan area. Let’s take a close look at the Las Vegas housing market predictions 2019 and find out why to invest in this sturdy market.
Grand Rapids Real Estate Market Insight
If you are looking at buying a house in Grand Rapids as a potential investment opportunity, you must read till the end. Grand Rapids in Michigan is home to around 200,000 people. That makes it the second largest city in the state and the largest on the west side of the state. However, the Grand Rapids housing market includes the larger metro area that is home to around a million people. The Grand Rapids-Wyoming metro area includes Kent County, Barry County, Montcalm County and Ottawa County. Let’s discuss top ten reasons to invest in the Grand Rapids real estate market. But, before that, we shall take a look at some of the real estate market data and trends in Grand Rapids, MI.
Grand Rapids is the fastest growing community in Michigan. The Grand Rapids metro area ranked second on a list of 10 housing markets nationwide that are “poised for takeoff,” according to a new study by Trulia. The main factors were the affordability, employment growth and low vacancy rates. It was ranked as the top housing market nationwide by Trulia in the same study in 2017. Grand Rapids is poised to attract people and have strong demand for housing in the market. Investing in Grand Rapids rental property can yield a favorable return on investment.
El Paso Real Estate Market Insight
If you are looking at buying a house in El Paso as a potential investment opportunity, you must read till the end. El Paso, Texas is the westernmost city in the state. The city itself is home to nearly 700,000 people, while the metropolitan area is home to approximately 900,000. Its economy is closely tied to Ciudad Juarez just across the Rio Grande in Mexico. The city isn’t getting as much attention as “hot” markets like Dallas or Austin, but is a strong, growing market in its own right. Let’s discuss top ten reasons to invest in the El Paso real estate market. But, before that, we shall take a look at some of the real estate market data and trends in El Paso, Texas.
El Paso real estate market was ranked at 4th in Trulia’s hottest real estate markets to watch in 2018. El Paso’s strong job growth, affordability, low vacancy rates and high population of young household were pivotal in the ranking process. El Paso is a great place to live for those who like the outdoors. The metro area’s proximity to the Rio Grande provides opportunities to whitewater raft, canoe and fish, while Franklin Mountains State Park and Hueco Tanks State Park are great hiking and rock climbing spots. El Paso boasts one of the lowest crime rates in the United States. The city’s stable economy is aided by its diversified business base and strong military presence.
Chattanooga Real Estate Market Outlook
Chattanooga is the fourth largest city in Tennessee. It is located in southeastern Tennessee, close to Knoxville and just across the river from Georgia. Chattanooga proper is home to nearly 200,000 people. However, the Chattanooga housing market includes its suburbs, meaning the Chattanooga real estate market actually includes around half a million people. According to realtor.com’s 2019 housing market forecast, Chattanooga comes in fourth position with balance high sales (5.2 percent) and price (4.3 percent) growth. Employment (1.2 percent) and income (3.3 percent) growth expected for 2019 are both slightly under the national average.
However, the Chattanooga economy is growing at about 6 percent a year and is expected to have one of the lowest median price levels for homes of the top 10. The real estate market in Chattanooga is getting the attention of other cities as well. Homes are selling so fast that some stay on the market only a few hours. The booming economy has made it more difficult for Hamilton county residents to find a home. This shows that the Chattanooga market will remain competitive for both buyers and investors in 2019. Let’s discuss top 10 reasons to invest in the Chattanooga housing market. But before that we shall take a look at some of the market data and trends in this area.