Inherent in the name, a tiny home is exactly that — tiny (400 square feet or less). But the passive income opportunities that tiny homes offer are anything but. So how much does a tiny home cost? What kind of returns can you earn on tiny homes as a real estate...
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What Is a Good Credit Score?
Generally, the credit bureaus consider anything over 670 a good credit score. If your score is 671 or higher, you’re doing fairly well. The best credit score and the highest credit score possible is 850 for both FICO® and VantageScore models. FICO considers a score...
Do Real Estate Investors Owe Self-Employment Taxes?
No one likes paying taxes. And that goes doubly for bootstrapping entrepreneurs trying to build income without the safety net of a W2 job. But Uncle Sam sees it differently. The IRS expects self-employed people to pay double FICA taxes, covering both the employee’s...
How to Compete with Cash Real Estate Offers
Beaten by a cash offer on your last real estate offer to purchase? You’re not alone. The percentage of cash offers in real estate markets across the country have surged to 25% per the National Association of Realtors, up from just 15% a year ago. Still, you don't need...
10 Financial Lessons from Star Wars: The Mandalorian
Master Yoda once said, “What you have learned, always pass on.” Or something like that. Like Yoda, The Child (aka Baby Yoda or Grogu) in “The Mandalorian” already knows how to use the Force. Let him become your teacher — and learn, too, from the title character, the...
How Do 1031 Exchanges Work? Defer Taxes on Investment Properties
Owning that first rental property is a huge milestone for investors. It lets you dip your toe into the market, gain experience in property management, and build confidence in your judgement. But for ambitious landlords, the first property marks just one step on a...
Real Estate Contingencies: A Guide for Buyers & Investors
Real estate investors and buyers need protection when entering a sales contract for hundreds of thousands of dollars. Price comprises just one piece of the puzzle. Buyers and sellers must agree on all aspects of the transaction, and contingencies in real estate offers...
Can You Roll Closing Costs into a Mortgage?
I hear new real estate investors and homebuyers ask all the time: "Can you roll closing costs into a mortgage?" The short answer is yes for refinance loans, no for purchase loans. But it’s not always possible even for refinances, and even when it is, that doesn’t mean...
How to Convert Your Airbnb into a Long-Term Rental Property
Even as the economy slowly reopens and people adjust to a “new normal,” the future of the home-sharing market remains uncertain. Vacation rental companies such as VRBO and Airbnb saw a collapse in demand and revenue due to travel restrictions and the economic fallout...
How Long Does Each Part of Your Rental Property Last? (Infographic)
Ever had a tenant fly into a rage because their refrigerator went out, ruining all of their food? Landlords know what a big deal it is when things break at their properties. Sometimes it’s something small like a window AC unit, but sometimes it’s something major like...