Thinking about building wealth through real estate? Montgomery County, PA, continues to offer strong investment opportunities for both new and seasoned investors.
A Guide for First-Time Fix-and-Flip Investors in Greater Philadelphia
Are you considering your first fix-and-flip investment in Greater Philadelphia? Whether you’re eyeing historic row homes in the city or spacious suburban properties in nearby counties, understanding the full scope of costs and strategies is key to turning a solid profit. Below, we’ll outline essential expectations for first-time investors—from purchase and renovation costs to holding and selling expenses—while exploring the advantages of partnering with a dedicated real estate agent and revealing the top pitfalls to avoid.
Sell or Rent? How to Decide the Best Move for Your Investment Property
It’s not a one-size-fits-all answer, and the decision has major tax and financial implications. Whether you’re thinking about selling to take advantage of home price appreciation or debating whether it’s smarter to keep collecting rental income, there are key factors you should evaluate before making a move.
How Investment Properties Impact Your Balance Sheet at Tax Time
Investment properties can be a powerful way to build wealth, but understanding their impact on your balance sheet and taxes is crucial. Learn how assets, liabilities, and deductible expenses affect your financials, and discover how the Shaina McAndrews Team can help you maximize your benefits this tax season.
Renovation Ideas for Ambler Homes: How to Increase Property Value Through Updates
Pennsylvania General Assembly Approves Legislation on Residential Wholesaling
So, You Want to Invest in an AirBnB?
How to Calculate if the Investment Property is Right for You
House Hacking in Greater Philly!
Short Term Vs. Long Term Rentals
Short-term rentals have always been a popular investment, but in recent years, they have become even more popular as vacation rental alternatives to hotel chains. But before you invest in a short-term rental, there are a few things you should consider.
One thing to keep in mind is that short-term rentals often require more repairs and maintenance than long-term rentals. This is because tenants generally don't treat short-term rentals as their own homes the way long-term tenants do. Additionally, short-term rentals always need someone available 24/7 to deal with any guest needs that may arise. Of course, you could hire a property management company to take care of these things, but that would take away from your profits and typically costs 10%-30% of rents.
Another consideration is that while short-term rentals usually have a higher return on investment than long-term rentals, they also come with higher vacancy rates, advertising costs, cleaning costs, and maintenance costs. On the other hand, owning a vacation property that you can enjoy yourself may be worth the extra work.
Ultimately, there is no one-size-fits-all approach to real estate investing. Consider what works for you and make the best choice for your goals.
Let’s discuss you and see which investment model you are better suited for.
