Tagged : investment RSS Feed

The real estate market in Chattanooga has changed a bit over this last year. We’ve gone from historically low interest rates and houses selling within hours back to what was considered a “normal” market. With interest rates around 6%-7%, getting approved to purchase a home has become a little more expensive which can make it harder for a first time home buyer. One of the best ways for a first time home buyer and even an investor is buying a home that needs updates. Buying a fixer-upper can be a great way to get into the real estate market and potentially build equity while customizing your home to your preferences. However, it's essential to approach this type of investment with mindfulness and a well-thought-out plan. We’ve put together a plan to…

Real estate investing can be a lucrative opportunity if you do it right! If you’re just dipping your toes into real estate investing, there is a lot to learn before you make the move to buy your first property. Here are some of our best real estate investing tips to help you in buying your first rental property: 

1. Make sure you’re up for the job

Being a landlord isn’t for everyone. Can you be available for home maintenance issues like clogged toilets or HVAC issues? If you can’t find the time to manage the property, this might not be for you. Although some investors hire someone to handle these issues, that eats into your profits. As a first time investor, you probably don’t have the budget to source that out to someone else, so it’s…

Buying your first investment property is exciting! In Chattanooga where home inventory is low, buying investment property or flipping homes is a great opportunity to make additional income. But for any beginner, it’s easy to make mistakes in the process. Here are some of the most easily done missteps and how to avoid them. 

1. Assuming it’s a get rich quick situation. 

Some people paint real estate investing as easy way to make money fast, and that’s just not always true. There is a lot of time and effort that goes into a real estate investment, and your first one may not go as planned. If you buy a home looking for the market to improve later and give you a profit when you resell, that may take longer than you imagined. Understand that

2.…

With technology evolving more every day, it’s easier than ever for scammers to find their way to you and sell you on whatever they may be offering. Between phony telephone calls, get rich quick schemes and fake online listings, it’s hard to know what’s real and what’s not. Let us help you with identifying some of the most notable real estate hoaxes and how to avoid them. 

1. Bogus real estate investment seminars

Chattanooga’s real estate market is booming, and you want to get in on it! So, when someone advertises a  FREE real estate investment or house flipping seminar, that sounds like a great plan, right? Maybe. Many real estate “gurus” will get the public in the door with the promise of free information, but then it goes downhill from there.…