Short term rentals have been significantly affected by COVID-19, making it trickier to do effective real estate investing. Many of these properties rely heavily on travel which has largely ground to a halt. To respond to this, it may be worth exploring a change in strategy. For example, right now healthcare professionals remain on the […]
Florida’s housing market recorded higher median prices and greater closed sales in the first quarter of the year when compared to 2019, while the effect of the coronavirus pandemic on the state’s economy and real estate markets started to surface in the middle of March, according to recent Florida Realtors® housing data. Closed statewide sales […]
In case you’re just beginning to get your feet wet with hard money loans, it’s worth familiarizing yourself with the various types of properties we can potentially finance. If you’re thinking about choosing this route for your financing needs, continue reading. Are you considering purchasing residential land, make improvements, and then keeping it as a […]
Despite the coronavirus concerns, a recent Forbes article presents some interesting observations regarding the southeast Florida real estate market. According to the author, this particular area should see “robust” recovery once the pandemic is over and the economy has stabilized. It’s expected that the demand for housing is likely to recover quicker compared to that […]
As in all other asset classes, real estate passes through market cycles. When the market is in great shape, property prices see growth, and the opportunity to secure a loan is usually made easier. AS you would expect, the reverse happens in poor conditions. When the market isn’t doing so great and property values decrease, […]
As COVID-19 puts a strain on economic resources, you may have heard that now is the time to have cash ready to invest properties. Experienced buyers realize that prospects occur during times of crisis, but when searching any of these assets, the wisest ones know that there are challenges to overcome. In a downturn, there […]
People may be remaining in place versus looking to move, but there is always a need for rental homes, even if the demand may be lower. Should you be in a position where you need to fill vacancies, there are still ways to find tenants. It’s always important to start with the common online resources […]
Rental properties can provide steady income but as with anything else, there are hidden costs that may derail your profitability. For purposes of this blog, however, we’re concentrating mostly on the people aspect and what you should be aware of. For starters, make sure the people that you’re collaborating with are individuals that can be […]
Should COVID-19 be a reason for a real estate deal to fall through? A Palm Beach Post article tells the story of a buyer who allegedly reneged on a $3 million property in Boca Raton after the outbreak. Instead of letting the buyer bow out of the deal, the seller sought legal assistance, informing the […]
Since COVID-19 is forcing people to remain indoors, you may find you have a lot of time on your hands. Now is a great time to explore how you can fine-tune your real estate investing skills and become a better investor once things return to normal. A lot of people have begun using the service […]