News from Green Residential and around the world of Property Management and rental homes in Houston and Austin.
If you binge-watch enough 30-minute TV episodes, or spend a substantial amount of time scrolling through Pinterest boards, you might eventually be tempted to buy a fixer-upper for your next home.
Conventional wisdom says, “Buy a house! It’s the American Dream!” Indeed, millions have found this works for them over the years … but many have also had the opposite experience.
For the most part, properties are priced at an amount slightly to moderately higher than the true value of the home. This is because most real estate agents and homeowners expect buyers to make a bid that is less than the “true” value of the home, allowing there to be some room for negotiation. It
New property investors often gravitate toward the idea of property flipping, because it sounds very enticing. The idea is to buy a house that’s either in poor condition or is being offered at an extremely attractive price, fix it or improve it in some vital ways, and then sell the home again, sometimes mere months
As a landlord, you’ve probably learned the value of observing your peers. You’ve learned many excellent approaches by shadowing other landlords, but you can often learn more from their mistakes.
If you’re approaching retirement age, or if you’re just forward-thinking, you might consider buying a rental property as a way to fund your retirement. Properties are one of many types of investments that could collectively yield enough returns to cover all your living expenses and then some—assuming you have enough to invest in the first