All Blog Entries by Rick Delgado

Found 266 blog entries published by Rick Delgado.

If you are reading this you probably have already read the previous blog post, 3 Things to Consider Before Buying Your First Rental Property. If you have not I would recommend skipping this post and then reading the previous post first. We will continue to talk about the aspects you should think about before first buying a rental property. I will walk you through an additional 3 things you NEED to think about before jumping the gun on your purchase. 

 

1.) Rental Property Expenses 

Rental property expenses is an essential element to consider when buying a property. Some states have higher property taxes then others which can be a deal breaker on whether or not a purchase is a good one. Think about speaking with a tax specialist before making

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Thinking of a way to make passive income for your future? You've come to the right place! Rental properties are one of the top ways real estate investors create wealth and have the freedom to do the things they enjoy. Owning rental properties can seem like a difficult task at hand, especially for beginners in the business. Here are some ways to get started. 

1.) Get Rid of Personal Debt! 

One of the best things to do before purchasing your first rental property is to pay down personal debt. Personal debt includes anything from school loans, car loans, credit cards, etc. The key to a good start is a great foundation which is why the less bills the better! The more money you have to play with, the farther your money will go. During this time you

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If you have been thinking about when the best time to sell your home would be, then you have come to the right place! Knowing when the right time to sell is can be confusing especially if you are unfamiliar with the real estate market or projected trends. To make it easy, here is a list reasons why 2020 is your year:

1.) Interest Rates Are Low

Low interest rates are perfect for new buyers entering the market looking for a new home. Selling your home in 2020 is the perfect time because buyers are more likely to buy a home with low rates. Of course there is suspected to be some fluctuations throughout the year, but for the most part interest rates for a 30-year mortgage are in the mid 3%. This also serves as a benefit to yourself if you are

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With tax season upon us, it can be daunting thinking about taxes whilst managing your rental. If you are a landlord looking at where to start in the tax process this is the guide for you! Here are some tips that can make filing your taxes a lot easier! 

1.) Receipts! Receipts! Receipts!

For tax deductions it is important to make sure you have receipts to claim details of your property as an expense. Make sure you have your record of receipts, checks, and property bills in order. Make sure that the receipts are well detailed and offer a good explanation as to why they were used. Make sure you have additional proof to cover the receipts that may be a little ambiguous. A good way to keep organized it to create a filing cabinet for your receipts

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You've decided that you are not quite ready to buy a home. You are now considering buying a rental property but are curious to know whether the property you have chosen is a good one. There are lots of factors to consider when looking for a quality rental property especially if you are new to the process. As a renter you have no idea what the history of the home is or have seen the latest home inspection report. Here is a list of what to look for when shopping for a quality rental property:

1.) Paint is Peeling 

The paint of the home should be one of the things you look for. Paint can tell you a lot about the home history and the current condition of the rental. If you notice that the paint is peeling there might be issues indicating high levels

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If you are looking to buy a home you may have heard of getting pre-approved for a mortgage. There are actually really good reasons as to why you should get approved for one if you have been considering it. Here is a list of the benefits of getting pre-approved for a mortgage:

1.) Know What You Are Qualified To Buy

Getting approved for a mortgage is a great first step to take if you are considering buying a home in the future. This is an official statement from your lender stating what they are willing to lend you or what you are qualified to spend. You also get to know your pre-approved interest rate. Knowing this information may affect whether you are truly ready to buy a home and will provide structure on what homes to look for in your price

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Last year the medium household cost went up! If you are wondering how the market trends are going to be for 2020 then this article is for you!  These tips can be useful if you plan on buying or selling a home this year.

Here is a list of real estate trends you should be aware: 

1.) Prices on The Rise

Year after year the cost of homes are rising. In 2018 homes went up 5% and in 2019 levels rose 3.3%.This year is expected to also rise based on previous yearly trends. You will most likely see the prices go up, but not by much. One of the best things you can do if you are planning on buying is making sure you are prepared enough to cover the costs. In general the costs of homes will generally always go up every year even if it is a slow

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Being a first time home-buyer can be scary! With so many homes to chose from there mistakes that can happen in the process. Are you talking the right precautions to make sure you find the perfect home? If you are not sure...

Here is a list of the top 5 mistakes to avoid when buying a home: 

1.) Buying out of Budget

One of the most common mistakes home-buyers make is buying a home that does not suit their budget. One of the worst things you can do to yourself is fall in love with a home that you can't afford. Start browsing for homes that are strictly in your budget. Stay disciplined when buying a home. The worst thing you can do is put yourself in a financial mess for seeking more than you should have.

2.) Mortgage Pre-Approval

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Buying a home is already a tedious and extensive process. Having to fill out paperwork, the expenses, and the stress of the actual move-in day can make the experience all that dreadful. Buying a move-in ready home provides tons of benefits. A move-in ready home is a home that is completed or nearly reaching completion. Such a home is ready for an immediate sale.

 

Here is a list of 4 reasons to buy a move-in ready home: 

1.) Enjoy the Upgrades

Buying a move-in ready home allows you to indulge in lavish upgrades for half the work. Instead of shopping around and spending time and money trying to figure out the perfect style, a move-in ready home comes already finished. Move-in ready homes have higher end fixtures and attractive

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Building wealth in real estate can seem like a challenge. Learning the correct steps to take can be difficult. Maybe you have heard of investing from a co-worker, family, or a friend and want to know how to get started! Here is a guide on how to start investing in real estate and making your money work for you. 

1.) The Value of Time

The real estate market has the ability to fluctuate in value. The reality is that overall trend for real estate has increased over time. When looking for a home to invest in, be prepared to pay in cash and have an emergency fund set up for any unexpected repairs that could arise. In order to generate profit from your investment, time will be your best friend. Your property will gain value the longer you wait to

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