Congratulations on taking this significant step toward your financial goals! To ensure your appraisal goes off without a hitch, we've put together ten essential tips that will help you get closer to securing your funds. If you're the buyer, don't forget to share these tips with the seller to streamline the process further.
1. Share Your Property Improvements. Have you recently made improvements to your property? Make sure to communicate the scope of work you've completed to the appraiser. This information will assist them in making the most accurate assessment of your property's value.
Are you considering real estate investing with the intention of renting it out or utilizing it as a vacation rental for travelers? Investing in real estate can become a reliable income stream. However, are ready to take on the role of real estate investor?
Investing in real estate can be a lucrative venture, but it often requires capital upfront. For many investors, obtaining an investment property loan is the key to unlocking the potential of real estate investments. However, investment property mortgages are typically higher than what you would pay for a primary home, and the requirements are a little bit different from traditional requirements.
Okay, it’s no big secret that the housing market has been through…well, A LOT. In the last two years alone, we’ve had:
*property tax increases
*a shortage of housing inventory
*rising costs of construction material
*inflation
Oh, and the COVID-19 pandemic. There’s that too.
Yet, somehow, the real estate market has managed to soldier on, with motivated investors still searching for that perfect investment property and that perfect investment property loan. And just when you think there’s a light at the end of the housing market tunnel, then we’re hit with (cue scary music) slowly rising interest rates.
Sooooo…this happened. Zillow, the company known for its online real estate listings (don’t act like you haven’t jumped on their site to see what real estate prices are like in your area, just because), recently announced that it will stop flipping homes. The announcement comes just one day after the company announced it is looking to sell about 7,000 homes in an attempt to recover from the debacle that is its high-tech, home flipping biz, as they bought too many
Caption: Think you can’t invest in real estate property without income verification? Think again. _ _ _ _ _ Let’s say you make this decision… “I want to invest in real estate.” What probably follows after that declaration is this question… “How do I get a loan for an investment property?” And what may follow right after that question are just a slew of even more questions… “How do I start investing in real estate without any income verification? Is
Don’t know what a DSCR loan is? Find out what it is and how it can work for you! So, you’re thinking about getting into the real estate business, and you’re wondering how to get a loan for a rental property. First things first; good for you! Second things second; you’re definitely going to need to know what your DSCR is. “Wait,” you’re probably saying to yourself. “What is a DSCR? That sounds…ominous. I’m scared.” It’s okay. We get it.
