MoneyWisdom Blog

3 Mistakes That Can Derail Your Home Renovation Projects

Posted by Bill Burpeau on Mar 20, 2019 12:40:00 PM

Whether you decide to tackle a do-it-yourself project or hire someone else to remodel your kitchen, beautify your bathroom, or finish the basement, these three common mistakes can throw a wrench in your plans for a stress-free home renovation project.

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Topics: Home Equity, Home Ownership, Investment Property

Costs to consider before buying an investment property

Posted by Phil Purcell on Nov 9, 2017 5:00:00 PM

In order for this to be an enjoyable, rewarding and lucrative experience, it’s vital that you’re fully aware of what’s involved and required to be successful. While this article not meant to deter you, it is meant to honestly depict all the responsibilities of property ownership.

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Topics: mortgage, Investment Property, Investment

6 Tips to Max Your Investment Property Profit

Posted by Phil Purcell on Nov 9, 2017 4:30:00 PM


Here are six essential tips to help ensure that you realize the largest possible profit from your investment property: 

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Topics: Investment Property, Investment

How do I secure financing for an investment property?

Posted by Phil Purcell on Nov 9, 2017 4:00:00 PM

Now that you’ve found a property, it’s time to start looking for financing. Talk to several lenders, compare terms and rates and decide if this is someone you can comfortably work with. Yes you need to like them, but you also need to make sure they are someone who can help you understand all the issues associated with purchasing investment property. Pick someone you trust and find easy to work with.

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Topics: Money Management, mortgage, Investment Property

Investment Property Ownership: Finding the Right Property

Posted by Phil Purcell on Nov 9, 2017 3:30:00 PM

 

There are many places to find available properties: MLS listings, your local newspaper, word of mouth, loopnet.com, or a For Sale sign at the property. You can also join a local Real Estate Investor Association or Real Estate Investment Club. They’re great sources of information for both the novice and expert investor. Want to keep your search simple?  Find neighborhood that you like and look for signs.  Also, keep an ear out for multiproperty owners looking to get out of the business.

Now, what do you do when you find a property that looks good to you?

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Topics: Investment Property

The Keys to Successful Investment Property Ownership

Posted by Phil Purcell on Nov 8, 2017 4:30:00 PM

If you’ve thought it over carefully, clearly defined your goals, examined your financial situation and are ready to jump into financing an investment property, there are really just three factors that will play a role in your success:

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Topics: Investment Property

Is Investment Property Ownership Right for You?

Posted by Phil Purcell on Nov 8, 2017 4:00:00 PM

Being a real estate investor may sound like a great idea; a pretty painless way to make some extra money. But of course, it’s not quite that simple. Before you invest, ask yourself what your goal is in owning commercial real estate: 

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Topics: Investment Property

Financing an investment property

Posted by Phil Purcell on Nov 8, 2017 3:30:00 PM

What's the best way to finance an investment property? The easy answer is that it depends - so let's look at some of the factors involved in financing an investment property.
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Topics: Investment Property

Will investing in a condo help cut college costs?

Posted by Hanscom Federal Credit Union on Jul 12, 2017 12:35:00 PM

 

With the cost of college room and board rising through the proverbial roof, some parents consider an alternative to cramped on-campus housing: investing in a condo or house for their child to live in while at school. And it’s no wonder. With room and board running over $1,200 per month, putting that money into a property you own seems like a good idea. Or is it? 

The big answer is: It depends.

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Topics: College, Investment Property

Top Mistakes Made by Investment Property Owners

Posted by Hanscom Federal Credit Union on Aug 5, 2016 7:00:00 AM

Almost all of us have looked back at purchases and said, “Oh, if I only knew then what I know now,” thinking that the coulda-woulda-shouldas might have saved us time and money. When it comes to investment property, experienced owners have a list of coulda-woulda-shouldas. That’s why we took time to talk to the pros to ask what’s on that list. Maybe this information can keep you from making the same mistakes. 

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Topics: Investment Property

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