How Much Profit Should Rental Properties Generate?

KEY POINTS: (1) Check the Rent on Rentometer.com! Use the median to get an average expectation, or you can take the low number for a more conservative estimate. Depending on the time of year, as well as supply and demand, you may set your rental listing price accordingly. A higher market rent may stay on…

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New Targeted $10,000 EIDL Grants: Do You Qualify?

With the initial economic shock of the COVID-19 pandemic back in March 2020, the Emergency Injury Disaster Loan (EIDL) and subsequent grant programs funded by the CARES act received a lot of buzz. In the first round of the EIDL grant, businesses were granted $1000 per employee of their business, up to a maximum of $10,000. Recently, congress has allocated another $20,000,000,000 in EIDL grants (advances) in the new stimulus to allow businesses who received less than $10,000 to qualify for the full $10,000 grant, minus any amount already received. Let’s take a look at EIDL grants and common questions regarding them.

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The New Coronavirus Stimulus Package – FAQs for Small Business Owners

Here we go again! In case you missed it, congress recently passed a new COVID-19 stimulus package on December 22, 2020, that provides over $900 billion in aid to individuals and businesses – pending the president’s signature. Notable parts of the new bill include changes to PPP (Paycheck Protection Program), EIDL, clarification of tax treatments of relief funds, and an extension to the Families First Coronavirus Response Act tax credit.
To help you further understand the bill, here is a quick rundown of everything you may need to know in an easy to read FAQ format.

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10 Tips for a Successful Insurance Claim after a Fire

A fire is something that no one ever wants to deal with, and is something that can turn your life upside down for a while. Having proper insurance and understanding the process behind dealing with a fire are key for being able to recover from a fire. Let’s take a look at the steps of the insurance claim process. 

Before you continue reading, let’s create a folder on your computer, and title it “Documents for Insurance Claims”. You’ll need it to add important items in. Here are 10 Tips for a Successful Insurance Claim after a Fire.

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My Rental Property Caught of Fire: A Four-Part Case Study

On September 10th, 2020, I received one of the most devastating phone calls a landlord can receive. It was followed by a much more distressing email with pictures of the event. My property management never calls me, so when I saw their phone number come across my caller ID, I had a gut feeling that something was wrong.

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6 Things You Need to Know about the FHFA Adverse Market Refinance Fee

Historically low interest rates for home mortgages amid the COVID-19 pandemic has created an upsurge of applications for refinances. When refinancing your property, one of the most critical aspects is identifying how to get the most out of your financing options. Staying up to date on changes to regulations is critical. One upcoming change is the creation of a new Adverse Market Refinance Fee, which is something that will soon affect those seeking to refinance. How will this affect you? Get the answers to all your questions here.

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6 Legal Documentations that Every Real Estate Investor Needs to Have

Investing in real estate is becoming an increasingly popular way to earn passive income. While a great deal of attention is given to important things like investing and flipping houses, much less time is spent learning about core aspects of the behind-the-scenes business environment. One of the most under-appreciated areas for property owners is having an organized paperwork system.

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How to Invest in TurnKey Properties with Merv Plank (FB Live Event)

Anyone who has done even a little research into real estate investments has probably read about turnkey properties. In a business where flipping homes and BRRRR’s (Buy, Rent, Rehab, Refinance and Repeat) investments have become incredibly popular, turnkey properties often are not fully considered by investors. For those who may be unfamiliar with the term,…

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Are Turnkey Rental Properties Right For Me?

Anyone who has done even a little research into real estate investments has probably read about turnkey properties. In a business where flipping homes and BRRRR’s (Buy, Rent, Rehab, Refinance and Repeat) investments have become incredibly popular, turnkey properties often are not fully considered by investors. For those who may be unfamiliar with the term,…

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