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4 Money-Saving Tips for Buying Investment Property

buyingtips4 Money-Saving Tips for Buying Investment Property

source: https://www.mint.com/blog/investing/4-money-saving-tips-for-buying-investment-property-0913/

When most people think of money saving tips, they think of how to save on food, utilities, and discretionary purchases. But there are ways to save money when buying investment property.

The most important tip is to do your research first and make sure you’re financially ready for the risk that investment properties bring.

You also need to consider all expenses involved, including purchase cost and loan amount, and costs of carrying the property, such as taxes and insurance.

Before you start looking, define why you want to buy investment property.

Is it for an extra income stream? To eventually quit your job and make your living from investment property? To have a more comfortable retirement?

Your reason for buying an investment property will influence your choices along the way. Knowing your reasons helps you stay focused. (more…)

By |December 6th, 2013|Saving Tips on Real Estate|0 Comments
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18 easy ways to save on your move

couple-unpacking-surrounded-by-boxes18 easy ways to save on your move

Source: http://realestate.msn.com/article.aspx?cp-documentid=13108479

If you’re among the millions of people pulling up stakes this year and resettling in a new home, getting your goods to a new location means digging deep into your wallet, right? Not so fast.

Moving can be expensive, but many folks in their panic or disorganization overlook easy and obvious steps that can save them hundreds or even thousands of dollars, moving experts say. (more…)

By |October 1st, 2013|Saving Tips on Real Estate|0 Comments
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15 Smart Ways to Save When You’re Buying a Home

purchaseahouse15 Smart Ways to Save When You’re Buying a Home

Source: http://ideas.thenest.com/money-advice/money-saving-tips/articles/smart-ways-to-save-when-buying-a-home.aspx?MsdVisit=1

Save on a home loan
1. Think ahead: If you’re planning on looking for a home in the next six months, fill out a pre-approval application with your chosen lender to uncover any credit issues that might impede your chances of getting the right-size loan.

2. Get a good broker: Brokers can help you find the best deals, and they’re usually paid by the bank — not you — so they’re especially helpful for first-time buyers who are finding their way. (more…)

By |September 18th, 2013|Saving Tips on Real Estate|0 Comments
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3 Money Saving Tips for Landlords

save-money-590x2303 Money Saving Tips for Landlords

Source: http://www.compstat.org/3-money-saving-tips-for-landlords/

Invest in property management software

The first thing you should do to save money is invest in property management software to help plan your projects more effectively, save hours of time, and ultimately increase your finances. (more…)

By |August 29th, 2013|Saving Tips on Real Estate|0 Comments
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Twelve Money Saving Tips For Landlords

7034447-average-americans-are-falling-victim-to-financial-difficulty-customTwelve Money Saving Tips For Landlords

Source: http://libertylaketaxservice.com/2012/04/19/twelve-money-saving-tips-landlords/

1.  Get To Know Your Tenant

Your tenant is your investment.  The better they take care of your property the more your investment will have a great return for you. Treat them nicely when you make your visits.  Remember you are a guest in their home. (more…)

By |August 29th, 2013|Saving Tips on Real Estate|0 Comments
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Money Saving Tips for Real Estate Buying

download (8)15 Smart Ways to Save When You’re Buying a Home

Source: http://ideas.thenest.com/money-advice/money-saving-tips/articles/smart-ways-to-save-when-buying-a-home.aspx

Save on a home loan

1. Think ahead: If you’re planning on looking for a home in the next six months, fill out a pre-approval application with your chosen lender to uncover any credit issues that might impede your chances of getting the right-size loan.

2. Get a good broker: Brokers can help you find the best deals, and they’re usually paid by the bank — not you — so they’re especially helpful for first-time buyers who are finding their way.

3. Take advantage of a low interest rate: If you’re buying a home when the interest rate is “historically low,” opt for a fixed mortgage so you can lock in that rate. (more…)

By |August 28th, 2013|Saving Tips on Real Estate|0 Comments
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Money Saving Tips for Down Payment

7845415910 Easy Ways to Save for a Down Payment

Source: http://money.usnews.com/money/blogs/my-money/2013/05/17/10-easy-ways-to-save-for-a-down-payment

1. Negotiate your rent. With rent likely near the top of your list of expenses, cutting its cost can help you sock away serious savings. If you’re a good tenant, approach your landlord about lowering your rent. If that doesn’t work, consider downsizing to a smaller, cheaper apartment, and put the money you save on rent directly into savings.

2. Shop around to reduce major monthly expenses. If it’s been a while since you checked rates for your car insurance, renter’s insurance, health insurance, cable, Internet or cell phone plan, now is the time to look into those costs. You may be able to save hundreds or even thousands of dollars by making alterations to some of these contracts. (more…)

By |August 23rd, 2013|Saving Tips on Real Estate|0 Comments
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Money Saving Tips for Commercial Renting

money_main_icandothat_20120306101226688719-420x0Money-Saving Tips for Leasing Retail Space

Source: http://businessonmain.msn.com/browseresources/articles/realestateandequipment.aspx?cp-documentid=25253646#fbid=pyCSRZdLWE6

Go for free rent

A typical commercial lease rate is based on a cost per square foot. But in a “buyers market” for retail space — when there are a lot of openings available — landlords commonly will offer free rent for a certain number of months as an enticement. They’d much rather do this than lower the cost per square foot because it allows them to show the higher lease rate on their books, and lock in that all-important rate for the future. It also allows them to tell other prospective tenants that space has been rented at a higher cost per square foot, even if the “effective” rate is lower due to the free rent. (more…)

By |August 23rd, 2013|Saving Tips on Real Estate|0 Comments
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Money Saving Tips in Real Estate Investing

imagesFive Ways Investing in Real Estate Can Save You Money

Source: http://www.huffingtonpost.com/ilana-greene/5-ways-investing-in-real-_b_2972040.html

According to Brad Hettich, President and CEO of Commercial Lending X, there are several ways to save money fast, but chief among them is investing in real estate. “You should dip into your savings or take out a loan that you can repay, and always invest long-term,” explains Hettich. “Real estate is a great example of that.” Brad’s logic is that with so many available properties that accommodate any budget, real estate is among the most effective ways to save money. (more…)

By |August 23rd, 2013|Saving Tips on Real Estate|0 Comments
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Money Saving Tips Real Estate Moving

download (6)18 easy ways to save on your move

Source: http://realestate.msn.com/article.aspx?cp-documentid=13108479

1. Never pay for boxes. You can drop a lot of dough at U-Haul buying cardboard.

“One good tip that we got is that every town or city today has a recycling center — and they’ve got tons and tons of boxes,” says Jamie Allen, co-editor of the book “How to Survive A Move: By Hundreds of Happy People Who Did, and Some Things to Avoid, From a Few Who Haven’t Unpacked Yet.” (more…)

By |August 23rd, 2013|Saving Tips on Real Estate|0 Comments
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