Foreclosure auctions provide a way for homebuyers or real estate investors to bid on foreclosed properties in an attempt to purchase them. These are properties that lenders repossess when owners default on mortgage loans. Lenders put these homes up for auction in order to sell them. Sales on these homes help lenders get back some of the money they were owed on the defaulted mortgage. For homebuyers and investors, purchasing a foreclosed property might offer certain advantages, such as less competition for homes and lower purchase prices. However, buyers and investors need to know what to expect from these real estate auctions and how to prepare for them.

How to Find Foreclosure Auctions

Where can homebuyers and investors find these kinds of

Investing in a rental property can be a smart move, but there's much to consider before jumping in. It's important to be aware of factors such as the state of the market, the potential expenses of owning a rental, and whether or not to hire a property manager before you even start looking for the right property.

Understand Your Local Rental Market

Whether you're interested in investing in quaint condos or sprawling multi-family homes, researching the local rental market before investing in rental property is vital. Awareness of average rent prices and vacancy rates, among other factors, can help you make an informed decision about your investment.

Average Rent Prices:

Knowing the average rent price for a particular area will give you an

When investing in rental properties, the question of whether or not you should hire a property manager is important. There are pros and cons associated with hiring a professional property manager and self-managing your investment property, but which option will ultimately be best for you? We'll also look into what a property manager does so that you can make an informed decision about whether or not they're the right fit for your investment properties.

What is a Property Manager?

A property manager is a professional who oversees the day-to-day operations of rental properties. This includes collecting rent, handling maintenance and repairs, and dealing with tenant issues. Landlords or investors often employ property managers to manage their rental

If you own an investment property, you know finding tenants without a game plan can be challenging. Finding the right tenants is crucial to ensuring your house or multi-family property stays occupied and generates income. With the right strategies and tools at your disposal, however, finding tenants for your rental property can be simple. Here are some tried and true approaches to finding occupants that can make the process quick and hassle-free.

Utilize Online Platforms

Online platforms are a great way to advertise your rental property when you’re looking for tenants. Sites like Craigslist and Apartments.com provide a convenient way to showcase your property with photos and all of the information renters need to consider renting from you.

Canva

Written by: Dom DiFurio

Home inventory remains at historic lows to start the year, while prices have stayed well above pre-COVID-19 pandemic norms. And in some markets, affordability has fallen off a cliff for would-be homebuyers because of rising interest rates.

Experts are warning that the increase in home values over the recovery period that followed the Great Recession was unsustainably boosted by low pandemic-era interest rates—and, therefore, the bubble must come crashing down. At least a little.

Initially, forecasts characterized the expected housing market "correction" as knocking as much as 10% overall off the value of the average American home by the end of 2023. Real estate firms have continued to issue pessimistic

Andriy Blokhin // Shutterstock

Written by: Chandler Friedman

Homeownership is a big part of the American dream, though that goal became more expensive in 2022.

NashvillesMLS examined data from the Federal Housing Finance Agency to see where home values have appreciated or grown the most over the past year. Metros were ranked by the one-year home appreciation from the third quarter of 2021 to the third quarter of 2022.

To be included in this analysis, each metro had to have recorded at least 15,000 real estate transactions over the past 10 years. Metro areas include the central city and its surrounding towns and suburbs.

U.S. home prices jumped 12.4% in the third quarter of 2022 compared to the year before, according to the Federal

New construction homes are appealing, and what buyer wouldn't appreciate the privilege of being the first to lay down and fall into dreamland in their new construction abode? Those wanting to have a home that's all their own with custom features will need to decide whether they need a full custom builder, a production builder, or a semi-custom builder.

However, making that determination and then choosing which top new construction home builder near you to contract with may require further investigation. When choosing a new construction home builder, there are many things to consider, so keep reading to learn more about some of the most important factors.

Is the Builder Knowledgeable and Transparent?

Buying a new construction home is a very

A condominium or condo offers buyers an opportunity to own a home without the sometimes costly maintenance responsibilities that come with a single-family detached house. Most condos are individual units in a mid-rise or high-rise building, similar to an apartment. The owner is only responsible for maintaining their unit, while a single-family detached homeowner must deal with everything on the exterior and the property the house sits on. Read on to find out more about the maintenance responsibilities of condo owners.

What Belongs to the COA vs. the Condo Owner?

It's typical for a condo to be part of a COA or Homeowners Association. The COA acts as the governing body for the owners and must create and keep updated a document called the CC&Rs

Airbnb properties are becoming more popular with travelers as an alternative to hotels. Property owners can use this top platform to list their homes for free, adding personalized listings, photographs, and previous reviews.

Airbnb is not only favorable to guests, but property owners can adjust pricing at will and enjoy host damage protection offering up to $1 million of insurance for damages to cover their rentals. Here, we'll cover how to get started on Airbnb, including how to find the right property, set pricing, and the best way to set up a home.

Finding the Right Property For an Airbnb

Before investing in a property as a rental or deciding to rent rooms in a personal home or duplex, do some fact-checking to determine if the location is

Using a residential property, whether a single-family home, a duplex, or a condo, as an Airbnb is a terrific way to boost one's income, increase profit opportunities, and, overall, grow wealth. However, marketing your home and providing desirable amenities are crucial strategies for success.

Getting guests to choose an Airbnb over other website listings takes some work. Therefore, investing in things that appeal to those looking to rent a night, a weekend, or longer can go a long way toward keeping a property occupied. The following amenities are excellent considerations when owners choose upgrades for their properties.

A Pool or Hot Tub

One of the most popular amenities people looking for a getaway seek are ways to relax in the water, such as