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Strategies to Create Major Cash Flow Outside Your Job

By: Elite Legacy Education, February 26, 2018

Do you ever feel like your salary just isn’t enough? What would you do with a little bit of extra cash in your pocket every month? Before you get too busy dreaming about the possibilities, let’s talk about how you can implement different strategies for creating significant cash flow outside of your job. Here we are going to focus particularly...

US Taxes and Real Estate Income

By: Elite Legacy Education, February 13, 2018

No matter how hard we work, it’s still difficult to minimize your taxes and keep more income for yourself. Like all income, real estate investment income is taxed too. However, different types of real estate income are treated differently in the U.S. tax system. How are rental properties taxed? Well, we know from our previous article that rental income is taxed as...

Timeshares: Personal or Professional Investment?

By: Elite Legacy Education, January 22, 2018

Have you ever thought it would be a great idea to gather some friends and purchase a vacation home together? There could be times when everyone goes on a group trip and shares the place. Or, it may be split up so everyone has designated weeks to use the property as they wish. Do either of these options sound appealing...

How Interest Rates Affect a Property’s Profit Potential

By: Elite Legacy Education, January 16, 2018

We’ve explored the many factors that affect property values. This includes everything from the balance between supply and demand, to more specific property traits and so on. For now, we’re going to focus specifically on how interest rates affect a property’s profit potential. First, let’s consider how interest rates are used in monetary policy. Before we explore how interest rates affect a...

How to Build an A-Class Real Estate Team

By: Elite Legacy Education, January 8, 2018

The most successful real estate investors all know this one simple truth. You can’t do it on your own. When it comes to being a successful real estate investor, you need to have a team you can rely on. One where each member has a unique, special skillset. Building the perfect team can have a profound impact on your investment...

Tips for Estimating the Repair Costs of an Investment Property

By: Elite Legacy Education, January 3, 2018

When it comes to estimating the repair costs of a potential investment property, let’s face it. There’s no simple, easy answer. In a perfect world, we could call up the right contractors and price out piece by piece. Unfortunately, this convenience would likely come at an additional cost itself. So instead, we’re going to show you some tricks you can apply...

Best US Cities to Own an Airbnb Listing

By: Elite Legacy Education, January 2, 2018

Since its inception, Airbnb has flipped the real estate industry and on its head, while turning ordinary people into part-time investors. Nonetheless, the platform presents a great opportunity for investors of all skill levels. In fact, it is said that if you pick the right location for your property, it has the potential to offer great returns than a typical...

Buying Foreign Property as an American Expat

By: Elite Legacy Education, December 29, 2017

Have you ever wanted to move to another country? Perhaps to a tropical destination, or some other country with a high standard of living. Regardless, there are tons of reasons for wanting to buy a foreign property. It really depends on each person’s unique situation. Whether you are purchasing a property in your home country so you can visit more...

How to Improve Your Credit Score

By: Elite Legacy Education, December 1, 2017

Credit scores are those three digit numbers which can be an investor’s best friend just as easily as it can become one’s worst nightmare. What is a credit score? Your credit score is used by lenders to determine how likely they are to receive payment in full and on time when assessing a potential borrower. The higher your credit score, the lower...

How to Run a Credit Check on a Potential Tenant

By: Elite Legacy Education, November 29, 2017

There are tons of situations where you may need to run a credit check – typically it will be to verify your chances of payment. You may need to run a credit check on a potential tenant, borrower or some other individual. For the purpose of this article, we will focus on running credit checks for potential tenants. Where do you...

How Do Credit Inquiries Affect My Credit Score?

By: Elite Legacy Education, November 28, 2017

As a real estate investor, it’s likely there will come a time where you need to apply for some form of credit – especially if you haven’t already at this point in your life. When you apply for credit, it often requires a credit check of some sort. Keep in mind that these credit checks, also known as inquiries, may...

How to Invest in Real Estate Even With A Low Credit Score

By: Elite Legacy Education, November 21, 2017

If you’re wondering how having a low credit score affects your ability to invest in real estate consider this. Your credit score is used by lenders to determine how risky of a borrower you are. Thus, a low credit score suggests you are a high-risk borrower. And being a high-risk borrower may leave you exposed to higher interest rates and...

4 Timeless Real Estate Investment Strategies

By: Elite Legacy Education, November 15, 2017

An infographic from Visual Capitalist lists 4 timeless real estate strategies that will earn you profits for the years to come. Without further ado, here they are: Lipstick Flip The Lipstick Flip is a real estate strategy where you look for properties requiring repairs costing less than $5,000 to complete. Of course, you make the repair once you’ve purchased the property before...

Understanding the Mortgage Approval Process

By: Elite Legacy Education, November 13, 2017

According to Ruby Homes, there are 6 steps to getting a mortgage – from pre-approval all the way to closing the deal. Let’s dive right in – starting with Step #1. Step 1: Get pre-approved for a loan Since the collapse of the housing market, most real estate agents require that you get pre-approved for a mortgage before shopping for a house....

Real Estate Closing Costs Explained

By: Elite Legacy Education, November 3, 2017

According to Realtor.com, “Home buyers pay the majority of closing costs since many of these fees are associated with the mortgage.” Regardless of which side you’re on – either buying or selling – you’ll surely want to know how much closing costs are. What are closing costs?Closing costs refer to all of the expenses that must be paid by the buyer and seller of...

The Mighty Impact of Credit Scores on Real Estate Investments

By: Elite Legacy Education, October 18, 2017

According to a 2016 Princeton Survey Research Associates study, “as many as 34 percent of Americans have never even checked their credit reports.” If you are in the real estate investment industry, you should hope this isn’t you. But knowing the value of your credit score is not enough. It’s essential that you also understand what this number means and how...

US Property Tax Basics – Here’s What You Need to Know

By: Elite Legacy Education, October 16, 2017

Property taxes can be a nightmare, especially depending on which state you live in. Even for those lower tax states, paying taxes is never enjoyable. When it comes to real estate investing, it’s even more important to be up-to-date with your local property taxes. You don’t want to be blindsided and have your profits wiped out by unexpected taxes. What are...

Everything You Need to Know About Land Taxes

By: Elite Legacy Education, October 11, 2017

As a U.S. real estate investor, knowing your way around taxes can make or break a deal for you. Especially when you consider that these taxes eat away directly at your bottom, you should always aim to lower them. Before you can do that, you need to know which taxes you must pay and the ones you can possibly lower. So...

Appraising Real Estate with the Sales Comparison Approach

By: Elite Legacy Education, October 9, 2017

Of the top three methods to real estate appraisal, this article focuses on the sales comparison approach. Now you may read about it under other names like the comparison method or comparables. All three of these terms refer to a common concept. What is the Sales Comparison Approach? You may have guessed, but it deals with real estate appraisal using comparisons. Specifically,...

Applying the Cost Approach to Real Estate Appraisal

By: Elite Legacy Education, October 6, 2017

Have you already had a chance to read about the Income Approach to real estate appraisal? If you have, you’ll know it deals with looking at how much income the property is likely to generate. But this only gives us one side of the story, so it never hurts to use the cost approach too. What is the Cost Approach? The cost approach...

Obtaining a U.S. Seller Financing Agreement

By: Elite Legacy Education, August 21, 2017

Let’s start by recalling what a seller financing agreement is. A seller financing agreement is a type of real estate deal where the seller acts as the mortgage provider to the buyer. In this case, the buyer makes monthly payments toward the principal of the house plus interest fees. From a seller’s perspective, it can be an effective exit strategy in...

11 Skills of a Successful Real Estate Investor

By: Elite Legacy Education, August 18, 2017

Have you ever wondered what separates successful real estate investors from those who aren't as fortunate? Although it can be tough to forge a path to success, mastering these skills can definitely help you get there. So here they are. Here are the fundamental skills that you should develop as real estate investor. By doing so, you will increase your...

12 Investment Ideas for Vacant Land

By: Elite Legacy Education, August 17, 2017

What would you build on a vacant lot that was yours to do anything with? The ideas are endless considering just how much you can do with a vacant piece of land. Hopefully you’ve had a chance to check out our article about the things to consider when purchasing land. In it, we revealed some factors that affect what you...

6 Signs of a Bad Real Estate Deal

By: Elite Legacy Education, August 16, 2017

As much as you want to know all of the skills that make a successful real estate deal, you should also know the signs of a bad one. This way, you can identify them before it’s too late and invest your money elsewhere. We just want to help you avoid the mistakes that we’ve all made at some point in...

Getting Started as a Real Estate Investor

By: Elite Legacy Education, August 15, 2017

Have you ever thought about getting into real estate? Whether it’s purchasing rental properties or flipping homes, both present a promising source of income. Of course, it’s only promising if you know what you’re doing and are willing to learn. That said, here’s how you can get started as a real estate investor. A message to all real estate investors just...

Understanding How Escrow Works

By: Elite Legacy Education, July 20, 2017

What is escrow and how does it work? Escrow is essentially a third-party financial service that holds onto the key elements of a real estate transaction. In this case, the key elements are generally the buyer’s initial money deposit, as well as the initial signed purchase contract. Basically, this company won’t let the money be processed to the seller until the...

6 Types of Commercial Real Estate

By: Elite Legacy Education, July 17, 2017

When you hear the term commercial real estate, what do you think of? Do you think of tall skyscrapers, big office buildings, warehouses and so on? If so, then you already know what commercial real estate is. However, there are so many different types of commercial real estate that it can be easy to miss some of the different types...

What You Should Know About Seller Financing

By: Elite Legacy Education, July 7, 2017

Have you ever been asked if you wanted to buy something before responding with an answer along the lines of, “I don’t have enough cash set aside for that purchase”? Well, when it comes to seller financing, that excuse no longer works. Keep on reading to find out why. What is seller financing?  Seller financing is a method of selling a property...

8 Factors to Find the Right Commercial Property

By: Elite Legacy Education, July 5, 2017

Investing in commercial properties can be very exciting, but there are some important considerations to keep in mind. First off, you must consider your investment objectives when it comes to finding the right commercial property. Will you be wholesaling, rehabbing, leasing or using some other investment strategy? This decision must come before you can evaluate the potential of any investment...

Making Money as a Real Estate Bird Dog

By: Elite Legacy Education, July 3, 2017

Let’s start by asking the question - what is a bird dog? At first, you may recognize this as a hunting term referring to a dog that retrieves the birds you shoot. However, this is not the type of bird dog we’re referring to. Instead, we’re talking about individuals who identify promising real estate investments for others and earn a commission...

Earn More with These Airbnb Rental Strategies

By: Elite Legacy Education, June 28, 2017

Airbnb offers a unique opportunity for people around the globe looking to generate an additional source of income. It really opens up the world of real estate investment to more people than ever before. Namely, the fact that you don’t even need to purchase another property has much to do with this. You can simply rent out an extra room in...

9 Things to Consider Before Investing in a Rental Cottage

By: Elite Legacy Education, June 26, 2017

Cottages have become iconic when thinking about summer weekend getaways with friends and family. There’s nothing more relaxing than the peace and quiet of the outdoors, while the sun shines bright. Given that cottages have become so popular it’s no surprise that real estate investors ask the question – are cottages worthwhile investment properties? Before we go any further, decide whether...

12 Things to Consider Before Buying Land

By: Elite Legacy Education, June 21, 2017

Buying a piece of land is an investment decision that should not be taken lightly. Before you can begin to evaluate individual investment opportunities, it’s important that you have a clear idea of your goals and potential outcomes. Here are 12 things to consider before buying a piece of land. Shape and size of the property. This is the easiest place...

Top US Real Estate Trends in 2017

By: Elite Legacy Education, June 20, 2017

With each new year comes new trends that we must stay on top of and this includes US real estate. 2016 was a year of surprises, but was kind overall to the US housing market. From prices skyrocketing higher than expected, to builders not building enough homes, to Millennials appearing as more likely candidates of homeownership. Let’s take a look...

US Real Estate for Foreign Investors

By: Elite Legacy Education, June 15, 2017

Have you ever wanted to purchase a property in the US real estate market even though you live outside of the nation’s borders? If so, here’s what you need to know. The first question is can you buy US real estate as a foreign investor? The answer is yes. In fact, foreign investment in US real estate is a major source of...

Find New Investment Deals Through US Real Estate Auctions

By: Elite Legacy Education, June 14, 2017

What is a real estate auction? Auctions have undoubtedly been around for quite some time now. A real estate auction is just like any other, except that it only offers properties. Generally, a property will not be listed for auction just for the sake of it. Auction properties tend to result from defaulted mortgages or outstanding tax liens. Either a homeowner...

How Market Conditions Can Affect Real Estate Strategies

By: Elite Legacy Education, June 13, 2017

Not all investment opportunities are created equal and this is especially true when it comes to the real estate market. There is never any guarantee that an investment will generate the returns you expected. The overall market in particular plays a large role in the performance of your properties, despite being able to control some elements of your real estate...

Evicting a Tenant in the USA

By: Elite Legacy Education, June 9, 2017

Every landlord’s worst nightmare is a tenant that needs to be evicted for one reason or another. Unfortunately, you are likely to experience this at least once in your career as a landlord. If not, you are one of the lucky few. Either way, it never hurts to be prepared for the worst. When might you need to evict a tenant? There...

Finding Your First Commercial Property

By: Elite Legacy Education, June 1, 2017

Are you wondering how to go about finding your first commercial real estate investment? There are lots of options out there, but you definitely should not be throwing your money into just any property. If you’re not sure where to begin, that is perfectly fine. We’ve compiled some tips in this article so you can get started on finding your...

Investing in US Property Tax Liens

By: Elite Legacy Education, May 30, 2017

One man’s loss is another man’s gain. When it comes to investing in property tax liens, this statement is both true and false. It’s true in the sense that tax liens are the result of someone’s inability or decision to not pay taxes. However, it’s also misleading because tax lien investing can actually create a win-win situation for you and...

The Basics of Hard Money Lending

By: Elite Legacy Education, May 26, 2017

In the past, hard money lenders have cast a somewhat doubtful image upon this type of financing. Various movies have created the idea of an intimidating loan shark. The plot typically goes something like this. The loan shark hands over a briefcase of money to someone in an alleyway. The recipient of the loan is generally unable to repay it...

Picking the Right Real Estate Exit Strategy

By: Elite Legacy Education, May 24, 2017

If you’re putting money into an investment, surely you want to get it back at some point. But how do you decide when is the right time to retrieve your invested capital? When it comes to investing in real estate, you should always have an exit strategy in mind before signing a deal. These exit strategies are what drive your...

Land Investing for Beginners

By: Elite Legacy Education, May 18, 2017

Can you guess what is one of the most overlooked types of real estate deals? If you guessed land, then you got it right. When getting into real estate, people’s attention automatically turns to properties. They start asking themselves questions like what type of property do they want, where do they want it to be and who will they rent...

3 Key Metrics for Commercial Real Estate

By: Elite Legacy Education, May 17, 2017

An opportunity may seem like a good deal, but how will you ever know for sure without looking at the numbers? Surely, the appearance or location of the building alone can’t automatically make it a good deal. Here are three key metrics you can use when investing in commercial real estate. Net Operating Income (NOI) The first metric we will discuss is...

The Basics of Buying an Airbnb Rental Property

By: Elite Legacy Education, May 15, 2017

Airbnb offers a unique experience for travelers around the globe. Becoming an increasingly popular accommodation option, it has caught the attention of investors. More and more people are turning to the online platform to rent out an extra room or even an entire property. If you’re wanting to get in on the action, here’s what you need to know about...

Breaking Into Commercial Real Estate Investing

By: Elite Lagacy Education, May 11, 2017

 Most real estate investors start with residential units. We understand that it may seem daunting to invest in a huge office building, skyscraper, factory, warehouse or some other massive property. But that’s no reason to overlook this lucrative industry. Here we will provide an introduction to familiarize you with commercial real estate investing. There are definitely lots of rewards to...

What Determines US Property Values?

By: Elite Legacy Education, May 4, 2017

What Determines US Property Values?Have you ever strolled past a house and thought to yourself, I wonder how much that property is worth? Even if you haven’t, it’s always nice to have an idea as to how much your home is worth. Or, you may just want to value another property of interest whether you’re considering buying or investing in...

Using Leverage as a Real Estate Investor

By: Elite Legacy Education, April 27, 2017

The general belief that money helps to earn more money is true in this case. As a real estate investor, you can use this idea to your advantage to earn more. Ideally, you will want to use leverage to amplify your gains (and hopefully not losses – since it works both ways). What type of real estate investments should you use...

What is a Real Estate Investment Group?

By: Elite Legacy Education, April 26, 2017

What is a Real Estate Investment Group?Real estate investment group - sounds pretty exclusive, doesn’t it? In a sense, it is exclusive and presents a unique investment opportunity for those wanting to get into real estate. Why would you want to join a group rather than take on real estate projects by yourself? Let’s explore this alternate approach to real...

Is Real Estate Investing Worth My Time?

By: Elite Legacy Education, April 24, 2017

Is Real Estate Investing Worth My Time? How much could you be making from investing in real estate? Are you curious to know how much you could and should be making from investing in real estate? Well, the first question I have for you is what type of real estate investment do you plan to engage in? Not all opportunities are created...

Top 6 Misconceptions About Real Estate Investing

By: Elite Legacy Education, April 17, 2017

Top 6 Misconceptions About Real Estate Investing You can’t believe everything you hear and this goes for real estate investing too. Having been around for quite some time now, this is a popular topic in particular. Many very successful people have gotten their start in business through real estate. However, everyone has their own opinions about what does and doesn’t work,...

10 Ways to Set Yourself Up for Success in Real Estate

By: Elite Legacy Education, April 13, 2017

10 Ways to Set Yourself Up for Success in Real Estate Are you looking for ways to succeed in the area of real estate investment? Well, there are some things you should know before getting started. Despite what some people may think, real estate investing isn’t necessarily a hands-off approach to investing. Although it can be depending on which type of...

5 Real Estate Mistakes That Kill Success

By: Elite Legacy Education, April 12, 2017

5 Real Estate Mistakes That Kill Success Watching a business endeavor crumble before your eyes has got to be one of the worst feelings for a businessperson. It’s no different when it comes to real estate investing, which is why we want to help you avoid that. Below you will find the top five real estate mistakes that can kill your...

Common Delays in Real Estate Transactions

By: Elite Legacy Education, April 10, 2017

Common Delays in Real Estate Transactions At times, surprises can be good, but in other cases they’re not. When it comes to investing in real estate, we like to ensure as much certainty as possible. There’s nothing worse than thinking you’re about to lock-in a deal just before something goes wrong and throws the entire thing off course. Whether you are...

What You Should Know About Rent-to-Own Agreements

By: Elite Legacy Education, April 5, 2017

What You Should Know About Rent-to-Own Agreements Consumers today often hear from older generations that renting is a waste of money and that they should be putting a down payment on a property instead. The rationale is that the rental proceeds are going into the pockets of investors. On the other hand, by putting a down payment then the monthly mortgage...

What You Should Know About Crowd Funded Real Estate

By: Elite Legacy Education, April 4, 2017

What You Should Know About Crowd funded Real EstateIt’s no surprise that the Internet and online platforms continue to disrupt and revolutionize industries across the globe. The real estate industry in particular is prone to these changes and has already been affected in new ways. So if you’re familiar with Kick Starter, an online crowd funding platform, you’ll know that...

7 Things to Look for in Foreign Real Estate Deals

By: Elite Legacy Education, March 27, 2017

7 Things to Look for in Foreign Real Estate DealsIt’s one thing to be aware of your home country’s real estate and investing regulations. When it comes to another country however, you must do your due diligence and make sure you know what you’re getting into. You will want to understand any fine print associated with doing business in another...

Using a Second Mortgage for Real Estate Investing

By: Elite Legacy Education, March 14, 2017

Using a Second Mortgage for Real Estate Investing Unfortunately, not everyone that wants to get into real estate investing has enough cash on hand to fully fund this type of investment opportunity. But that’s not a reason to worry. If you are confident in your plan, and are comfortable with using someone else’s money and being held accountable for the repayment...

Hottest Global Real Estate Markets for 2017

By: Elite Legacy Education, March 6, 2017

Hottest Global Real Estate Markets for 2017Travelling and exploring the world is one of life’s greatest opportunities. Imagine being able to incorporate travel as a regular part of your job? Then you’d have all the more reason to get out and explore the world, right? If this sounds like something you’re interested in, then let’s take your real estate game...

Getting to Know Mortgage-Backed Securities

By: Elite Legacy Education, March 2, 2017

Getting to Know Mortgage-Backed Securities Despite helping to lead to the recent financial crisis, mortgage-backed securities paired with tighter regulations can present a unique investment opportunity in the financial markets. What are mortgage-backed securities and how do they work? Mortgage-backed securities (MBS) are a type of security that is tied to an asset for collateral – specifically one or many mortgages. The way...

The Future of the US Housing Market

By: Elite Legacy Education, March 1, 2017

The Future of the US Housing Market There is no doubt that President-Elect Donald Trump’s win will have effects on the U.S. market. One industry of particular interest is the U.S. housing market. It is thought that the market will likely continue to grow, but not at such rapid rates as it previously has. Of course, some areas will still remain...

Finding the Right Title Company for You

By: Elite Legacy Education, February 24, 2017

Finding the Right Title Company for You What is a title company and what services do they provide?Title companies essentially provide closing services for real estate transactions in order to finalize the transfer of the property from seller to buyer. Specifically, they conduct processes to ensure that a title on a property is authentic without any previous claims on it. These...

Finding the Right Real Estate Lawyer

By: Elite Legacy Education, February 20, 2017

Finding the Right Real Estate LawyerWhat does a real estate lawyer do?Title companies may not available for those of us who live outside of the U.S.A. Instead, we may need to turn to real estate lawyers to assist in the closing of real estate deals. This involves activities related to the title search and insurance, as well as other closing...

Why You Should Invest in US Real Estate

By: Elite Legacy Education, February 17, 2017

Why You Should Invest in US Real Estate There are many reasons why you would want to add some real estate to your investment portfolio. We’re going to look at the benefits of doing so, while also discussing some of the challenges associated with this asset class. After all, it wouldn’t be fair to only give you one side of the...

Hiring the Right Property Management Company

By: Elite Legacy Education, February 16, 2017

Hiring the Right Property Management CompanyOnce you’ve decided that you require a property management for your real estate operations, it’s essential to pick the right one. Selecting the right property management company to work with can have a substantial impact on the success of your rental property business. With that said, we’ve compiled an assortment of tips to ensure you...

11 Signs You Need a Property Management Company

By: Elite Legacy Education, February 15, 2017

11 Signs You Need a Property Management CompanyBy considering the following questions, you should be able to better understand whether you would benefit by hiring a third-party property management company to help run your operations, as opposed to maintaining the property yourself or hiring a resident manager. Consider the following:Do you live near your rental property or properties? Depending on...

An Action Plan That Can Put You in Total Control of Your Financial Future

By: Elite Legacy Education, February 14, 2017

An Action Plan That Can Put You in Total Control of Your Financial FutureIn a previous article we discussed different types of real estate investments, including wholesales, property flips and rental units.After reading the discussion about the differences of each method, it doesn’t take long to realize that a combination of each one makes for a comprehensive approach to real...

Don’t Rule Out FSBOs as a Real Estate Agent

By: Elite Legacy Education, February 3, 2017

Don’t Rule Out FSBOs as a Real Estate AgentWith third-party sites like Zillow.com, it is now easier than ever for people to sell their homes without a real estate agent. No, this doesn’t mean you’re going to lose your job as a Realtor but that also doesn’t mean you won’t have to work for it. With a little extra effort,...

Ways to Fund Your U.S. Real Estate Investments Using OPM

By: Elite Legacy Education, February 1, 2017

Ways to Fund Your U.S. Real Estate Investments Using OPM (Other People's Money)Wouldn’t it be nice if you could fund your investments without using any of your own money? It almost sounds unrealistic, but truth be told––it’s not. There are ways that you can structure and execute deals using other people’s money only. However, don’t think that this means you...

Finding the Best US Neighborhoods for Buying a Rental Property

By: Elite Legacy Education, January 16, 2017

Finding the Best US Neighborhoods for Buying a Rental PropertyHow do you pick the right neighborhood to buy your rental property? With so many options, you will want to pick the area that best accommodates your goals as a landlord. When deciding on the best place to purchase a rental property you will want to consider the following factors:Potential for...

Three Ways to Invest in Real Estate Property

By: Elite Legacy Education, January 12, 2017

Three Ways to Invest in Real Estate PropertyWhether you already own a house or not, there are other reasons for buying into real estate. If you’re looking to real estate for an investment opportunity, you should understand that there are different approaches. What are the different ways to invest in real estate beyond buying a house for yourself?Let’s focus on three...

Becoming a Landlord in the USA

By: Elite Legacy Education, January 11, 2017

Becoming a Landlord in the USAIf you decide to invest in physical property rather than real estate funds, you are essentially making the decision to become a landlord. With varying state and local laws in each of the 50 states, you must take into consideration the laws and regulations for your specific locale. However, we will guide you in the...

Using Zillow for Your Real Estate Decisions

By: Elite Legacy Education, January 10, 2017

Using Zillow for Your Real Estate DecisionsZillow is much more than just a resource for buying, listing and viewing properties. The company has taken things a step further and incorporated some very valuable research and information for anyone interested in the US real estate market.What is Zillow?In a broad sense, Zillow can be defined as a real estate market database...

Using Instagram for Your Real Estate Business

By: Elite Legacy Education, January 9, 2017

Using Instagram for Your Real Estate BusinessInstagram is a goldmine compared to other social media platforms in terms of its highly active user base.  Companies of all sorts have something to gain by strategically incorporating Instagram into their marketing operations – and especially real estate agents.Why does Instagram play a key role in marketing?Instagram is a great way to get...

What Led to the U.S. Real Estate Bubble?

By: Elite Legacy Education, January 6, 2017

What Led to the U.S. Real Estate Bubble?Whether or not you fully understand what led to the U.S. real estate bubble, it’s likely that you were impacted by it one way or another. After all, the effects of it rippled through the global economy, so there was no way of avoiding the devastation. This led to a Global Financial Crisis...

Using Inbound and Content Marketing as a Real Estate Agent

By: Elite Legacy Education, January 3, 2017

Using Inbound and Content Marketing as a Real Estate AgentWhether we like it or not, there is a common misconception that real estate agents may not always act in the best interest of their clients. After all, Stephen Levitt and Stephen J. Dubner’s best-selling book Freakonomics showed that real estate agents generally take clients’ homes off the market a week earlier...

Tax Treatment of US Rental Properties

By: Elite Legacy Education, December 15, 2016

Tax Treatment of US Rental PropertiesIf you’ve decided to become a landlord in the US, you will definitely want to know how this additional source of income is taxed. Assuming that you have invested in the physical property itself (rather than a REIT), here’s what you can expect: Rental IncomeRental income is treated in the same manner as personal income when...

REITs: Picking the One for You

By: Elite Legacy Education, December 13, 2016

REITs: Picking the One for YouIn the past, we’ve talked about investing in real estate through real estate investment trusts (REITs) to avoid buying an actual property. Although REITs avoid all of the maintenance needs associated with owning a property, you still need to be able to pick the right one. This is easier said than done, especially with the variety of...

Virtual Reality and the Real Estate Industry

By: Elite Legacy Education, December 9, 2016

Virtual Reality and the Real Estate IndustryVirtual reality in practice is still very new and it will likely take some time before it becomes common-use for businesses. As technologies like this develop and efficiencies arise, prices eventually come down and they become adopted more frequently. This is relevant to the real estate industry as it will take some time for...

The Housing Debate: To Buy or to Rent

By: Elite Legacy Education, December 8, 2016

The Housing Debate: To Buy or to RentAt one point in time, there was no debate as to whether you should buy a home. This is supported by the fact that our parents always encouraged us to purchase a home rather than rent.These days, the world and people’s lifestyles are changing. Now it’s not so clear-cutthat buying a house is...

Using Facebook for Your Real Estate Business

By: Elite Legacy Education, December 1, 2016

Using Facebook for Your Real Estate BusinessFacebook has been around quite some time now and is always introducing new features for its users – both consumers and businesses. This is not an article that’s going to tell you to build a Facebook page for your real estate business and invite everyone on your friends list, while encouraging them to do...

Investing in US Real Estate Without Buying Property

By: Elite Legacy Education, November 28, 2016

Investing in US Real Estate Without Buying PropertyHow can you bet on the real estate market without actually buying a property, you ask?The answer is REITs. REIT is short for Real Estate Investment Trust. Essentially, these trust funds are designed to reflect the activity of the overall market, as well as certain aspects of the real estate market. This allows...

[Infographic] Developing Your Residential Rental Business

By: Elite Legacy Education, November 23, 2016

Do you think you have everything figured out for your brand new residential rental business? Let's find out! Join Rich Dad Education's upcoming webinar to see what you may have missed! Register HereFounded in 1992, Elite Legacy Education is a recognized global leader in quality financial education.Legacy Education Alliance, Inc. is a leading provider of educational training seminars, conferences and services.Rich Dad...

How to Successfully Rent Out a House

By: Elite Legacy Education, November 14, 2016

How to Successfully Rent Out a HouseIn this article we will focus on how to successfully rent out your house. Unfortunately, we will not be focusing on short-term rentals such as those offered on Airbnb. Rather, we will discuss longer-term rentals for properties that are solely purchased as rental properties.What should I know about investing in rental properties?There are some...

How to Increase Your US Property Value

By: Elite Legacy Education, November 8, 2016

How to Increase Your US Property ValueAre you deciding which projects on your renovation to-do list are worth pursuing? If you’re basing this decision on the option that will best increase your property value, then you’re going to want to hear what we have to say. By the end of this article, you’ll be one step closer to picking the...

How to Successfully Flip a House

By: Elite Legacy Education, November 7, 2016

How to Successfully Flip a HouseFeeling inspired by those home renovation shows to give properties a makeover and sell them for more? If so, here is everything you need to know to successfully flip a house for a profit. What you should know when flipping a property.Here are some general tips for you to start successfully flipping homes:Time Is Money. You...

How to Successfully Wholesale a House

By: Elite Legacy Education, November 3, 2016

How to Successfully Wholesale a HouseYou’ve probably seen those online courses offerings teaching you how to flip homes with no money down. Well, even if you haven’t, we’ll share some of the tips that they are going to tell you. We will also explore an alternative option if you do have the cash to put down on a property.Ultimately, there...

How Are Mobile Homes Different from Regular Homes?

By: Elite Legacy Education, October 24, 2016

How Are Mobile Homes Different from Regular Homes?If you spend any time in the real estate market, you will frequently see the term “mobile home.” You are not going to see them very often on real estate publications but you will hear a lot about them during regular conversations. If you have ever given any thought towards purchasing and owning...

How to Identify a Property That is Suitable for Rehab?

By: Elite Legacy Education, October 13, 2016

How to Identify a Property That is Suitable for Rehab? Believe it or not, there are some real estate customers out there who are not interested in buying a brand-new house. These same individuals would prefer to find a fixer-upper house that they can renovate into the place they want to live in. Of course, this comes with some caveats....

What Is House Flipping?

By: Elite Legacy Education, October 11, 2016

What Is House Flipping?In the real estate sector, you may have heard of the term “house flipping.” Many of its proponents tout it as a great way to generate earned income on the side and even form a full-time business out of it. Before you eagerly pull out your wallet to purchase an expensive seminar on the topic, let us...

How Do I Interview Prospective Team Members for My Real Estate Power Team?

By: Elite Legacy Education, October 7, 2016

How Do I Interview Prospective Team Members for My Real Estate Power Team?  Let’s say that you have amassed a few people that you feel will be suitable members for your real estate power team. You want to interview them to ensure that they are the right fit, but what are you going to ask them? You want to do the...

How Can I Find Mobile Homes?

By: Elite Legacy Education, October 5, 2016

How Can I Find Mobile Homes?  There are many reasons why individuals choose to invest in mobile homes, ranging from price to the convenience of having a home that can be transported anywhere. One challenge with mobile homes is that they are not featured in your normal real estate market listing with regular homes. In order to find mobile homes that...

What Type of Homes Are Best Suited for Flipping?

By: Elite Legacy Education, September 30, 2016

What Type of Homes Are Best Suited for Flipping? When it comes to flipping homes, most people do not have a problem with choosing the right location. Everyone knows that they have to be at the right market at the right time in order to profit from house flipping. The next step to figure out is choosing the type of home...

Why Is Homeownership Among Millennials at an All-Time Low?

By: Elite Legacy Education, September 20, 2016

Why Is Homeownership Among Millennials at an All-Time Low? The traditional life path that many people followed for years was “Go to college, get a job, get married, buy your home and spend 20-25 years paying off the mortgage.” We see Millennials doing all of those things except for owning their own house. In fact, homeownership amongst this age group is...

Who Do I Need on My Real Estate Power Team?

By: Elite Legacy Education, September 13, 2016

Who Do I Need on My Real Estate Power Team? If you are going to be in the real estate game for the long haul, you have probably come to the realization that you are going to need an awesome power team. You cannot expect to do everything by yourself and those before you who have tried eventually burnt out. When...

What Are the Key Differences Between Rental Properties and Apartment Complexes?

By: Elite Legacy Education, September 9, 2016

What Are the Key Differences Between Rental Properties and Apartment Complexes?If you have spent any time in the real estate market, you will probably hear the terms “rental properties” and “apartment complexes” being used separately. Depending on the context of the situation, they might even be used interchangeably. Once you see the key differences between the two, as outlined in...

Where Can I Get Stats on What’s Happening in My Real Estate Area?

By: Elite Legacy Education, September 6, 2016

Where Can I Get Stats on What’s Happening in My Real Estate Area? When you want to get information on what is happening in your real estate area, it is usually as easy as asking the real estate agents and individuals who live in that area. But if you have learned anything in your real estate education, it’s that you need...

How Do I Know What Is Happening in My Real Estate Market?

By: Elite Legacy Education, September 1, 2016

How Do I Know What Is Happening in My Real Estate Market?One of the things that you will quickly learn as a participant of the real estate market is that there are always new developments happening. Major events can increase or decrease the value of homes in a given area. This is why simply looking at prices on a given...

How Do I Evaluate Real Estate Property?

By: Elite Legacy Education, August 31, 2016

How Do I Evaluate Real Estate Property?Congratulations on making the decision to buy real estate property! Real estate can definitely be worth your time, whether you are looking to invest in the real estate market as a way to generate passive income or find a new place that you can call home.When you are seeking out homes for sale, it...

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