Does Your Credit Score Matter When Buying Rental Properties?
HOW IMPORTANT IS YOUR CREDIT REPORT WHEN IT COMES TO REAL ESTATE INVESTMENT?
You need money for an investment. Banks have money to lend.
Connecting You To Better Living®
You need money for an investment. Banks have money to lend.
There are very few ways to build wealth more consistently and reliably than investing in rental property. Although it may not be readily known, real estate is one of the most tax advantaged asset classes in the country and it’s unfortunate that most people aren’t educated about these massive financial opportunities.
True or False: Americans who work in the real estate business are most often college educated women in their 50s? According to the National Association of Realtors (NAR), the typical realtor is a 56-year old white woman who attended college and owns a home.
Competition is at the heart of America’s economy and there’s no doubt that it is essential to what’s made this country the wealthiest and most successful in the history of the planet. But central to our system are the markets that competition creates. Without strong markets, the system falls in on itself. So in that way, while businesses compete with each other for consumers and profits, they’re also relying on each other to build up their individual industries.
Yes…investing in real estate is the single best way to create generational wealth. It is a long term strategy that is tried and true and has been the anchor of the American economy arguably since at least 1620. But that doesn’t mean it’s easy. And it certainly doesn’t mean you can just toss your money down, like you might in an index fund, and expect the rest to take care of itself.
There’s no doubt society has gone through some major changes in the last couple decades and the impact on the workplace is emerging. The dramatic interruptions that came with Covid have led to a world where remote work and distance from those you’re most accountable to has become the norm.
If you’re asking yourself this question you’re already on the right track to successful real estate investment. Wondering how many you need means you’re thinking about a long term plan.
There have been plans to reopen a Pawtucket train station and reconnect the city to both Providence and Boston via rail for over two decades. This week, that plan finally became a reality. Monday, January 23rd, the Pawtucket-Central Falls Transit Center finally opened to much fanfare including a ceremonial first ride by Governor Dan McKee and other elected officials.
There’s no doubt that plenty of real estate opportunities exist in the hundreds of old mill cities that dot the American map. High population density and dated infrastructure are common and many of these cities are actively pursuing physical and cultural revitalization projects.
The Federal Reserve continues to raise interest rates in an effort to slow inflation…so what does that mean for real estate investors and other property owners? Here’s the reality: the higher the interest rate, the more it costs to borrow money and ultimately, the less your property is worth. Right?