The Pros and Cons of Self-Directed IRA Real Estate Investing

A self-directed individual retirement account, or SDIRA for short, is a retirement investment vehicle that allows you to save for the future in a tax-advantaged way. Like a regular IRA, you can choose a Traditional or Roth approach, depending on your income level and when you whether you want to pay taxes on your contributions or distributions. But regular IRAs typically restrict you to investing in stocks, bonds, mutual funds and similar securities. If you want to put your retirement Read More

What Are the Best Tenant Screening Services?

In a perfect world, every tenant would meet your criteria. They’d have a stable job, be able to afford your rent, a history of making timely payments, and a clean criminal record. Unfortunately, this is not the case. There are many tenants out there that can make your life as a landlord, property manager, or real estate agent difficult.  The good news is that you can avoid bad tenants by investing in tenant screening services. To make your life easier, Read More

Secured vs Unsecured Credit Card: What’s the Difference?

Different credit cards have different uses. For instance, some are best for travel, while others are great to use at the gas station. One of the biggest distinctions between cards is secured vs. unsecured credit cards. While both can be spent the same way, both cards are handled differently. Here’s how secured and unsecured credit cards work and how you can use them both to your advantage. Secured vs Unsecured Credit Card: What’s the Difference? When applying for a credit Read More

7 Steps for Buying a Commercial Real Estate Property

Buying commercial real estate has the potential to be an excellent investment, often more so than residential properties. Yet even if you’re an experienced real estate investor, it’s crucial to understand that buying a commercial property isn’t the same as buying a house.  Before you purchase a commercial property, it helps to know the pros and cons of this type of investment. It’s also important to understand that with the chance for more reward often comes a higher purchase price Read More

What Is a Balloon Mortgage?

The word “balloon” typically calls to mind parties and celebrations. However, a balloon mortgage can be a stressful affair for some borrowers. A balloon mortgage is a type of loan, generally used by real estate investors, that involves a large payment at the end of the term. Depending on the loan structure, balloon mortgages may involve just a single lump-sum payment (including interest) at the end of the term, they may be interest-only loans, or they may partially amortize during Read More

4 Vendors That Will Help You Build Business Credit

One of the easiest ways to start off on the right foot when it comes to building business credit is to get net-30 vendor accounts with companies that report to commercial credit agencies. Pay on time and you will build credit references that help boost your business credit scores.  Not sure what those are? Not to worry. This is your guide to setting up vendor accounts that will actually benefit your business credit. What is a Net-30 Account? A net-30 Read More

How to Get an Investment Property Line of Credit

If you’re hoping to get more money for your real estate business, look no further than the properties you already own to get the financing you need. An investment property line of credit is a type of short-term financing that utilizes the equity in a non-owner-occupied property to provide ongoing access to money via revolving credit. Depending on your situation, though, there may be other opportunities to get a line of credit to finance your business. If you’re looking to Read More

138+ Places You Can Get Your Credit Scores for Free

If you have never tried to check your credit scores, you can’t use the excuse that you don’t want to pay to see them. There are more than 130 websites, banks, and credit unions where you can get your credit score for free. Some offer them to the general public, while others show them only to customers. With that many options, there’s no reason not to know where your credit stands. Before You Check Your Credit Scores… Keep in mind Read More

How to Find the Best Rental Property Insurance

When all goes well, investing in rental properties can be a great way to earn some extra income. Yet turning on that passive income stream requires a lot of work.  In addition to the hoops you need to jump through to become a landlord in the first place, you must continue to protect your rental property investment for the long term. One way to accomplish this goal is to choose the best rental property insurance coverage you can.  This can Read More

Chase Business Checking vs. Bank of America: Which Is Better?

Having a business checking account seems like a given for any small business owner. Part of separating your personal and business finances simply has to involve a business checking account, along with applying for and using new sources of credit. While a business checking account can’t usually offer the rewards of business credit cards, it is vitally important. Unfortunately, not having a business checking account isn’t just inconvenient, it could also spell bad news for your business.  In a survey Read More