When you're buying a home for rent, you may be able to buy property outright. Some investors also choose to sell one property before buying another. However, if you're expanding your rental property portfolio and you need to finance an investment property, you need to know how to secure property financing.
Investment in U.S. real estate is a booming business. According to The Investor, "the U.S. real estate market remains a magnet for offshore investors with figures for the first half of 2017 showing the country continues to be the world’s leading recipient of cross-border capital, attracting US $19.8 billion of foreign investment."
Why is the US real estate market so attractive to investors from around the world, and how can those investors find success in local real estate?
Seattle is always changing. In recent years, the demand for Seattle rental property and Seattle's housing market, in general, has flourished. With a busy technology industry and with Boomers who are looking at downsizing, the housing market in Seattle is thriving. In response, builders have been busy adding new units to Seattle's downtown areas, including new development that's occurring in Chinatown and Japantown.
Renters have rights. As a rental property owner, you know this, but you also know that individual situations can be tricky to navigate. While you own your property, your tenants are your guests there, and your relationship with your tenants is regulated to ensure that neither one of you takes advantage of or hurts the other. How can you make sure that you respect your renters' rights and ensure that you are following all of the legal guidelines for your area?