Calcaute Return on Investment and leverage on mortage.
Appreciation, Mortage Interest Deduction
Interest Rate is Low, but Rent Income is Also Low
10 Things I’ve Learned in 4 Years of Real Estate Investing:http://www.moolanomy.com/1822/10-things-ive-learned-in-4-years-of-real-estate-investing/#ixzz2MDX3RW2l
1. Know the neighborhood
2. Get professional help
3. Use rents to drive value: If we have $100,000 into a home, we want rents of $1,000.
4. Seek long term tenants: single family homes are generally willing to agree to long term leases.
5. Start slow: dont hop on the first train
6. Just say ‘no’:Don’t fall in love with a property or a deal. No matter how good a deal you think something is, another one is just around the corner.
7. Find a portfolio lender: A portfolio lender, keeps the loans in their portfolio. The result is you can find terms that are more favorable than a traditional mortgage.
Below or the top 5 reasons to find a portfolio lender:
- Can lend to individuals that own more that 10 properties
- Can self insure their loans which allows them to finance 90% of purchase price
- They utilize compensative factors to over come deficiencies
- Allow deposits into their bank to help qualify
- Can cross collateralize other properties
8. Maintain your properties
9. Don’t negotiate with late paying tenants
10. Keep your own finances in good order
6 Things to Negotiate When Buying a House: http://www.moolanomy.com/2522/6-things-to-negotiate-when-buying-a-house-mmarquit01/
Repairs, Paint and flooring allowances,Finished basement or remodeling,Closing date,Points,Closing costs
You can lower your interest rate by asking the seller to pay points on your mortgage.Bonus: seller-paid points are actually tax-deductible for you
How to Break Your Rental Lease Legally
Sublet the Rental
Transfer Your Lease
Poor Living Conditions
Most states have laws that allow tenants to break a lease if the landlord isn’t holding up his or her end of the bargain. The landlord is responsible for making sure that the rental unit is livable, and in good repair. If the landlord isn’t keeping up with these responsibilities, you can usually break the lease without having to pay anything extra, or pay what you still owe in rent until the end of the lease. Document cases of poor living conditions, and document when you contacted the landlord to have the problems addressed. If the landlord is showing neglect, you are within your rights (usually) to break the lease.
Read more: http://www.moolanomy.com/5934/how-to-break-your-rental-lease-legally-mmarquit01/#ixzz2MDkr3Ggy
Monthly Divs
http://www.dividendchannel.com/monthly-dividend/?a=&issuer=&symbol=&sortby=&reverse=&rpp=20&start=0
http://www.dividend.com/dividend-stocks/monthly-dividend-stocks.php
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