As a homeowner, selling a home at the right time—and to the right buyer—can be a pretty lucrative move, especially right now. The housing market has been soaring since rates dropped to new lows at the start of the pandemic. Even as rates have inched back up, swaths of buyers and investors continue to scoop up properties at record pace in markets across the nation.
What exactly is wholesale real estate anyways?
Real estate investing can come in many different strategies. The industry itself is massive and has many other asset classes, hold times, and business models that you can implement. When just starting, you may look into single-family rentals, the BRRRR Method, multifamily rentals, and commercial real estate.
Or maybe there is another way. What if someone could back you up if you couldn’t make the payments or make up the difference for you where you fall short? Well, lucky for you, there is that exact person out there.
They are called guarantors, and they can help you pay your rent for that perfect apartment, get a lower interest rate on a loan, or help with other monetary shortfalls. So what is a guarantor exactly, what do they do, and how can you find one?
How much house can I afford? That is a question many home-buyers ask themselves when they are in the process of buying a new home. Purchasing a home is one of the most significant investments you will make in your lifetime. You must take the time to define a budget and carefully evaluate your financial situation before you start looking for your new home. This post will explain the most important factors to consider to make the search for your home more accessible.
It should go without saying, we wouldn’t want our home to be a point of stress for us, especially financially speaking. So when looking for a place to live, it’s crucial to find a place that fits our budget.
With that in mind, many people will ask, “How much rent can I afford”? There are several steadfast rules that you can apply when determining how much money you can spend on your rent, with some wiggle room if you spend less in other places, of course.
Buying your first investment property can seem daunting. However, getting started in real estate investing can be a great way to move forward in your path to financial freedom.
Real estate investing can provide its owners with anything between a little extra cash flow, a safety cushion of equity, or generational wealth. But, of course, it all depends on your goals, how you structure them, and what you put into them.