Investing in income properties has long been recognized as a viable strategy for building wealth and generating passive income. Whether you're a seasoned investor or a first-time buyer, purchasing an income property can be a lucrative endeavor. In this blog post, we will provide you with a comprehensive guide on buying an income property,...
Read MoreEmbarking on a house renovation project can be an exciting endeavor, but it's crucial to have a clear understanding of the potential repair costs involved. Estimating the expenses accurately allows you to plan your budget effectively and make informed decisions. In this blog post, we will provide you with a comprehensive guide on how to estimate...
Read MoreHere is a list from the Tampa Housing authority of the minimum standards required for a property to be approved in their program. This checklist is very similar to other counties in Florida, and if you can cross off all items on this list you can be confident your home should be able to pass most inspections.
Read MoreCapitalization Rate (or “cap rate”) is the ratio between the net operating income produced by an asset and its capital cost. The rate is calculated in a simple fashion as follows: As a general rule of thumb, it is the opinion of many investors that a cap rate of 10% or more is a very sound investment. With interest rates being at all time low level...
Read MoreA: Credit is rarely an issue. Occasionally, lenders will deny the loan if it is TOO bad. If there is an active foreclosure, a ton of collections and judgments, or multiple bankruptcies this can be a deal breaker. Otherwise, your credit SCORE is usually not a factor that will result in us having NO lender who will work with you.
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