Why Arizona Real Estate Makes Sense
With housing prices finally cooling off in California and apartment rents going back up in metropolitan areas, is it time to start thinking about buying again? The California market is always going to be a wise investment, but the question is when? Keep reading for 5 factors you need to make sure you’re ready to jump into California real estate.
My current mortgage for my residence is with Countrywide. These guys know their stuff. They mail me a statement every month. And in every statement is an offer to refinance or get a line of credit, or insurance. They are always politely selling something. And if that weren’t enough, they mail me every couple months or so more offers to refinance or tap some equity. But at least they are not as sneaky as World Savings Bank.
Imagine that you work for 2000$ per month. If you find someone to do your job for 1500$, then you will earn 500$ doing nothing. Of course, your employer might dislike this approach so be aware.
At the first look, passive income sounds great. You are sitting and dollars are flowing into your pockets. Unfortunately, you will always have to do something for your income. The question is how much time you will spend to achieve that. Let’s look at the following example. You own one apartment and you rent it. You might say that renting it is a perfect example of a passive income without work on your side. However this is not entirely true. What if your tenants decide to go to Alaska? You will have to find another one. Therefore you should put some advertising. Also, you should talk with the potential tenants. What if your apartment needs some painting and fixing before renting? As you see, you will always work for your money but that work might not require 50 hours per week.
The people who want to pay cash for your home are investors looking to flip your house for a profit. This means that they can’t pay market value and still come out on top. In fact, they need to shell out far less cash than the home is actually worth in order to cover the costs of repairs, improvements and marketing. They also want to turn a profit on the deal, so that comes into the equation on top of everything else.
Get change. Have some small change on hand to change money (dollar bills, fives, and tens). During the first hour of your sale you might have to break a bunch of 20 dollars bills.
Well, let’s look at a few simple must haves that lead to a successful garage sale. It is kind of like in over here, the old rule applies “location, location, location”. However, don’t be discouraged if you are living in the sticks or in a large apartment building, because there are promotional tools that we can employ in this age that can help promote your sale- and thus bring throngs of people.
A short sale can occur when a homeowner is behind in payments, typically by about three months. He or she then faces the obvious problems of potential foreclosure, the bank taking back the house, and destroyed credit.
Of course that would require time. Creating a business that is profitable will take several years. But after that you are in the zone of possible passive income. Employ a manager to replace your role and here you are with a passive income.