Best Hot Tubs Under $1,000

Hot tubs are a great addition to any backyard or patio, providing a relaxing and therapeutic experience right in the comfort of your own home. However, many people assume that hot tubs are expensive and out of reach for the average homeowner. The good news is that there are several options available for hot tubs under $1,000 that still provide all the benefits of a high-end spa.

5 Best Inflatable Hot Tubs For Under $1,000

These hot tubs are easy to set up and take down, and can be moved around as needed. They typically come with built-in seats and massage jets, and can comfortably seat two to four people.

Inflatable hot tubs are easy to install and operate, and can be plugged into any standard electrical outlet. They typically come with built-in heaters and massage jets, and can comfortably seat two to four people.

Bestway SaluSpa Miami Inflatable Hot Tub

Enjoy the ultimate spa experience: Receive total relaxation when you slip into this soothing portable hot tub after an exhausting day. 120 bubble jets soak sore muscles for a luxurious treat.

Helsinki SaluSpa 7 Person Inflatable Outdoor Hot Tub

Round 5 to 7-person spa has you relaxed in no time with a soothing massage system, rapid heating, and integrated water filtration. Built-in AirJet system with 180 jets releases warm air into the water, while the digital control panel adjusts the temperature up to 104 degrees Fahrenheit.

INTEX PureSpa Bubble Massage & Inflatable Spa

Built with Fiber-Tech Construction and the puncture-resistant three-ply laminated material. Equipped with built-in hard water treatment system.

Coleman SaluSpa Inflatable Hot Tub Spa

Nothing beats the feeling of sinking into a warm, bubbling hot tub after a long, hard day while jets project bubbles to massage your back, neck, and shoulders. The digital control panel lets you dictate the water temperature (up to 104 degrees Fahrenheit) and pressure of the jets. A power saving timer can even automate the temperature of the spa up to 72 hours prior to save energy and money.

Intex “Plus” 6 Person Portable Inflatable Square Hot Tub

When shopping for a hot tub under $1000, it’s important to consider the quality of the materials and construction. Look for hot tubs with durable, high-quality liners and sturdy frames, and make sure that the massage jets and heating elements are powerful and reliable.

Overall, inflatable hot tubs are a great way to enjoy the benefits of a spa without breaking the bank. With careful research and consideration, it’s possible to find a hot tub that fits your budget and provides a relaxing and enjoyable experience for years to come.

How to Choose the Right Style of Exterior Garage Lights for Your Home

Exterior garage lights light up your driveway and illuminate areas that would otherwise be left in the dark, making parking harder. Also, you’re missing out on a nifty aesthetic effect without one. But exterior garage lights are a significant investment. In this guide, SimpleShowing informs you about different styles, sizes, and features to consider and gives you expert tips on installation and maintenance. Let’s light up that driveway!

Types of Exterior Garage Lights

●   Wall-mounted lights: Sconces or wall-mounted lights are excellent because they provide many different types of lighting, including ambient, task-lighting, or accent. Plus, you can place your wall sconce in many places, as long as it can be termed as a wall.

●   Ceiling-mounted lights: These lights are non-obstructive and ideal for placing on the top of the garage door frame. Plus, they light up the immediate entry to your garage door. Neat, right?

●   Post-mounted lights: If you need to light up the driveway as early as its entrance, post-mounted lights are your best bet. They are diverse, and in many brands, they can be placed in your garden or driveway or act as path lights.

●   Solar lights: If you need to light up a sidewalk alongside the garage, solar lights are a great option.

●   Motion-sensor lights: These light up when you approach your home and are suitable for energy efficiency. Also, you can purchase motion-sensor lights of any of the above lights, from exterior wall lights to barn lights, to other broad forms of exterior lights.

Factors to Consider When Choosing Exterior Garage Lights

●   Style and Design: This is important as it adds to the look of your property and lighting. Pick a light that complements your own, and make the light blend in wonderfully.

●   Size and Placement: Consider the size of your outdoor wall light and where it will be placed. Certain aesthetics will blend, and others won’t. Also, you don’t want to put a light in an obstructive position.

●   Light color and intensity: If your intention for the added lighting is to brighten up your driveway for parking purposes, you’ll want lighting more suited to this purpose. It shouldn’t be so bright that it scorches your eyeballs as you approach your garage. Also, bright lighting is good as a burglar deterrent.

●   Energy Efficiency & Cost: If you’re environmentally attuned or just want to save some money, you can find lights that use less energy than others. Also, your budget and how much you are willing to spend on exterior garage lighting are other factors, as lighting comes at various prices.

Installation and Maintenance Tips

Hire a Professional or DIY?

Landscape lighting can be simple or tricky depending on your skill set and various other factors, including the number of lights, the type of lights, etc. A professional costs money but will be able to enhance your property’s aesthetic value, do the same for safety, and allow you to explore many opportunities for your lighting landscape plan. While you can save money by doing it yourself, it might not have the professional touch, and maintenance could cost more.

Wiring and Electrical Safety

Outdoor light fixtures require wiring and electrical work regardless of whether they are gooseneck, post, porch, or wall lights. You must stay safe. If you are uncertain, contact a professional in your area to consult or hire.

Cleaning & Maintenance

To stay on top of cleaning and maintenance, it’s essential to regularly clean the internal reflectors and lenses. This is part of the lamp that surrounds the bulb, which steers the light in the right direction. You can also clean around the light fixture to prevent corrosion, breakage, or dents. It’s also essential to check whether the wires are still connected (pretty important, right?).

Of course, replace bulbs that aren’t illuminating everyone and ensure the fixtures are correctly positioned. A driveway or exterior garage light is no good if it isn’t pointing in the right direction. Any exposed wires will have to be dealt with.

Much of this maintenance doesn’t require expert knowledge, but sometimes you will need a professional hand. This is especially the case if you don’t have electrical experience. For instance, if the wiring casing is damaged or live wires are exposed, call the pros and stand back.

Conclusion

Choosing the perfect style of exterior garage light will beautifully illuminate your home, act as a burglar deterrent, and fulfill the function of lighting your driveway up when you return from a day’s work.

Frequently Asked Questions

●   How many exterior garage lights do I need for my home?

This depends on the size of your home, where the dark areas are that you wish to improve, and personal preference and budget. Generally, prioritize the driveway if parking is an issue. Everything else is a bonus.

●   What is the best color temperature for garage lights?

2700k – Warm White. This is a warm and soothing welcome light compared with higher color temperatures.

●   How do I replace a burnt-out light bulb in my exterior garage light?

Make sure the main power is switched off – shut off the breaker if necessary, and then go ahead. If you are uncertain or inexperienced, hire a professional to do it for you.

●   Can I install motion-sensor lights myself?

This depends on the job’s complexity, plus electrical and wiring issues. If it is a simple ‘plugin and go’ situation, then yes. Otherwise, it’s always worth consulting a professional.

●   Are LED lights more energy-efficient than traditional incandescent bulbs?

Yes, LEDs are designed with energy-saving technology in contrast with incandescent bulbs that focus less on these aspects.

Front Yard Landscaping Ideas

Your front yard is often the first impression visitors have of your home, and a well-designed landscape can make a lasting impact. A beautifully landscaped front yard not only adds value to your property but also creates a welcoming atmosphere.

In this article, we’ll share some inspiring front yard landscaping ideas that will transform your home’s curb appeal. Whether you’re working with a small space or have an expansive front yard, there are plenty of landscaping ideas to choose from.

Front Yard Landscape Ideas for Your Outdoor Space

Opt for Low-Maintenance Greenery

For homeowners looking for a simple and low-maintenance front yard landscaping solution, consider incorporating low-maintenance plants, shrubs, and grasses. These hardy plants require minimal attention and can withstand various weather conditions.

Consider incorporating drought-resistant plants like succulents, ornamental grasses, and evergreen shrubs to create a lush, green space that’s easy to maintain.

Create a Welcoming Entrance

Your front door is the focal point of your home, and a well-designed entrance can make a statement. To enhance your front door, consider adding potted plants on either side or planting colorful flower beds to frame the entryway.

Additionally, you could install a pathway with stepping stones or pavers to guide visitors to your front door, creating a welcoming and visually appealing entrance.

Install a Water Feature

Incorporating a water feature into your front yard landscaping can add a touch of elegance and tranquility to your property. Water features like fountains, ponds, and waterfalls create a soothing ambiance and can serve as a focal point in your landscape.

Choose a water feature that complements your home’s architectural style and fits within your budget.

Add a Seating Area

A seating area in your front yard can serve as a peaceful retreat or a space to socialize with neighbors. Consider adding a small patio, bench, or even a swing to create a cozy and inviting seating area.

Surround the space with lush plants, flowers, and even a small water feature to create a serene atmosphere.

Incorporate Landscape Lighting

Properly placed landscape lighting can dramatically enhance your front yard’s appearance and safety. Illuminate walkways, steps, and architectural features with path lights, spotlights, and wall-mounted fixtures.

Solar-powered and LED options are energy-efficient choices that provide ample light without increasing your electricity bill.

Design a Rock Garden

Rock gardens are a unique and low-maintenance front yard landscaping idea. By incorporating various-sized rocks, gravel, and hardy plants, you can create an eye-catching display.

This type of garden is especially suited for areas with poor soil or steep slopes, as it requires minimal upkeep and can prevent erosion. We really love this concept for front yard landscaping because it is such a customizable feature that you can use to express yourself! Depending on where you live, there is a wide variety of decorative rocks you can choose from.

​​​​​​​Just make sure to do your research, because the decorative rock that is available in California, for example, might be completely different from typical New Hampshire decorative rocks. While shipping might be an option, larger amounts of rock might cost a lot to ship, so we recommend shopping local

Mix Hardscaping with Softscaping

Balancing hardscape elements, such as pathways, retaining walls, and patios, with softscape elements like plants, grass, and flowers, can create a harmonious front yard landscape.

By combining these elements, you can develop a cohesive design that enhances your home’s curb appeal and complements its architectural style.

Plant a Tree

Adding a tree to your front yard landscaping can create a stunning focal point and provide shade and privacy.

Consider choosing a species that will grow well in your area and complements your home’s aesthetic. As the tree matures, it can add significant value to your property.

Use Containers for Versatility

Container gardening is a versatile and space-saving front yard landscaping idea. You can use a variety of containers, such as pots, planters, and hanging baskets, to showcase your favorite plants and flowers.

This approach is especially useful for those with limited space or who want the flexibility to change their landscape design easily. Containers also allow you to experiment with different plant combinations and create visual interest at varying heights.

Add a Garden Bed

Garden beds can bring color and life to your front yard, making them an excellent landscaping idea. Whether you choose a raised or in-ground bed, you can plant an array of flowers, herbs, and vegetables that will thrive in your climate.

Consider using a mix of perennials and annuals to ensure color and interest throughout the year. To create a cohesive look, select plants that complement your home’s exterior and the surrounding landscape.

Install a Picket Fence

A classic picket fence can add charm and character to your front yard landscaping while providing a sense of enclosure. Choose a fence style and color that complements your home’s architecture and consider adding climbing plants, such as roses or clematis, for added visual appeal.

A picket fence can also serve as a backdrop for flower beds, creating depth and interest in your front yard.

Opt for Native Plants

Incorporating native plants into your front yard landscaping can be both aesthetically pleasing and environmentally friendly. Native plants are adapted to your local climate and soil conditions, making them easier to maintain than non-native species.

Additionally, they provide habitat for local wildlife and support pollinators. Research the native plants in your area and consider adding them to your landscape design to create a sustainable and visually appealing front yard.

Conclusion

Cottage Garden Design

There are countless front yard landscaping ideas to suit any taste and budget. From low-maintenance greenery to intricate garden designs, the possibilities are endless. By incorporating some of these ideas into your landscape, you can create a stunning and welcoming front yard that will elevate your home’s curb appeal and make a lasting impression on visitors.

Flower Bed as Ground Cover

Remember, the key to successful front yard landscaping is to find a balance between functionality and aesthetics while considering your home’s architectural style and your personal preferences. With some creativity and planning, you can transform your front yard into a beautiful and inviting space that reflects your unique style.

The Most Affordable States to Live In (2023)

When looking to move to a new state, the cost of living is a significant factor to consider. In these times of economic uncertainty, more and more people are searching for budget-friendly states that offer a great quality of life without breaking the bank.

This article explores the most affordable states to live in across the US, focusing on factors like housing costs, taxes, transportation and healthcare costs, and overall cost of living.

Most Affordable States in the US

Lowest cost and average costs in the cheapest states

Mississippi

Mississippi tops the list as one of the most affordable states to live in. The state boasts a low cost of living index, making it an ideal destination for those on a tight budget. In addition to lower housing costs, Mississippi also offers affordable groceries, utilities, and transportation.

With a diverse landscape featuring beaches, forests, and historical sites, the state provides a great mix of affordability and entertainment for residents.

Arkansas

Another budget-friendly option is Arkansas, often referred to as the “Natural State.” With a cost of living index significantly lower than the national average, residents can enjoy a low cost of living alongside picturesque scenery.

Arkansas offers affordable housing, a relatively low unemployment rate, and low taxes. Outdoor enthusiasts will be pleased with the state’s abundant recreational opportunities, including national parks, rivers, and hot springs.

Oklahoma

Oklahoma, situated in the heart of the country, is another state with a cost of living well below the national average. The state’s affordable housing market is a primary contributor to its low cost of living, and residents enjoy reduced costs on groceries and utilities as well.

Additionally, Oklahoma offers a diverse economy, providing job opportunities in various industries such as energy, agriculture, and aerospace.

Missouri

Missouri is yet another state offering a cost of living well below the national average. Affordable housing is a significant factor in Missouri’s budget-friendliness, with the median home price being substantially lower than in many other states.

The state also benefits from low utility costs and an attractive job market in industries like healthcare, agriculture, and manufacturing. Moreover, Missouri boasts a rich cultural scene, with numerous museums, galleries, and festivals for residents to enjoy.

Indiana

Indiana, known as the “Hoosier State,” offers a cost of living that is attractive to many. With housing prices that are considerably lower than the national average, Indiana is an ideal destination for budget-conscious individuals and families.

In addition to the low cost of housing, the state offers affordable healthcare, utilities, and transportation costs. With a diverse economy and a growing job market, Indiana provides ample opportunities for residents to thrive.

Median Income and Average Rent of a Single-Family Home

Kansas

Kansas, located in the heart of the Great Plains, is another state where affordability is a top priority. With a cost of living index below the national average, Kansas residents enjoy low housing costs, along with affordable groceries and utilities.

The state also boasts a diverse economy with opportunities in industries like agriculture, aerospace, and renewable energy. For those who love the great outdoors, Kansas offers beautiful landscapes and outdoor recreational activities like hiking, fishing, and hunting.

Tennessee

Tennessee, famous for its music scene and natural beauty, is another affordable state to call home. The state offers a cost of living that is below the national average, with housing costs being the primary contributor to its affordability.

Tennessee also benefits from no state income tax, which means more money in the pockets of its residents. With a robust economy and ample job opportunities in industries like healthcare, automotive, and tourism, Tennessee is an attractive option for those seeking a low-cost place to live.

Georgia

Georgia, known as the “Peach State,” offers a cost of living that is slightly below the national average, making it an attractive option for those looking for affordable living. The state’s housing market is reasonably priced, with the median home value being significantly lower than in many other states.

Residents also enjoy low utility costs and affordable healthcare options. Georgia has a strong economy, providing job opportunities in industries like technology, film production, and logistics.

View homes in Georgia

Alabama

Alabama, located in the southeastern region of the US, is a state with a cost of living that is well below the national average. With affordable housing, utilities, and groceries, Alabama is an appealing destination for those looking to save on living expenses. If you’re looking for property to build a brand new home at a decent price, then searching for land for sale in Alabama may be the right next step for you.

The state’s economy is diverse, with opportunities in industries like aerospace, automotive manufacturing, and healthcare. Additionally, Alabama’s beautiful beaches, state parks, and historical sites make it a desirable place to call home.

Texas

Rounding out the list is the Lone Star State, Texas. While some of its larger cities may have a higher cost of living, the state as a whole offers a cost of living that is slightly below the national average. Affordable housing is available in many areas, and the state benefits from no personal income tax.

Texas boasts a diverse economy with job opportunities in industries like technology, energy, and healthcare. The state also offers a rich cultural scene, with plenty of museums, galleries, and events to enjoy.

View homes in Texas

Conclusion

Median Price and Healthcare Costs

As you can see, there are several affordable states to live in across the US, each offering its unique blend of low cost of living and quality of life. From the charming southern hospitality of Mississippi to the dynamic economy of Texas, these states provide a range of options for individuals and families looking to stretch their budgets.

Median Household Income in West Virginia

When considering a move, it’s essential to weigh factors such as housing costs, taxes, job opportunities, and overall cost of living to find the perfect destination that meets your financial needs and lifestyle preferences.

Most Popular Types of Rental Property in the US

There are rental properties in the United States in every shape and size. As a result, there are numerous options to pick from while searching for rental property. There are also many sub-categories to these typical rental property types. For instance, you can find single-family homes in working-class neighborhoods or condos created as lofts and compact studio apartments. Apartment rentals can be penthouse units with a host of amenities or ground-floor apartments with access to a small garden in an urban setting. There are certain advantages and disadvantages associated with various sorts of rental properties.

When searching apartments near me for rent, consider how much space you require to accommodate everyone who lives with you while choosing the type of rental property appropriate for you. Next, consider your budget and the facilities you desire. Here are some of the most common rental homes and some advantages and disadvantages for each.

Single Family Home

A single dwelling unit is what a single-family home is known as legally. That indicates that a single person, couple, or family occupies the house. This situation differs from one where a third party owns a structure with numerous flats tenants can rent. They consequently have certain distinctive qualities. Typically, they have their own walls, yards, kitchens, and utilities. Such properties, sometimes known as “private property,” are owned only by the home’s owners. Some duplexes and townhouses qualify as single-family dwellings. Although they must adhere to specific code criteria, it’s common for these buildings to be categorized similarly.

Condos

With several dwelling units and shared services all under one roof, condos and apartments may appear very similar at first glance. Ownership is the crucial distinction, which has implications for tenants and potential buyers. A person may reside in their own condo or rent it out. A unit in a building owned by a landlord is an apartment. The landlord owns the entire apartment complex and rents each unit to tenants. You can get to know your landlord better if you rent a property straight from the owner. However, when resolving issues, a condo owner might need to be more knowledgeable and quick to act as a committed management business.

Multi Family Homes

Despite its association with families, multifamily developments serve various clients, not simply families. It began by housing young adults with money to spare. However, in recent years, older people have started to become aware of the advantages that multifamily living has to offer. Multifamily living appeals to a wide range of people. It is a worldwide style of co-living that meets the needs of the “rent generation.” This type of contemporary housing offers many benefits, such as social areas where residents can gather or helpful maintenance staff on site. City-center developments frequently target two key groups: “empty nesters” and young (millennial-age) professionals lured to urban living.

Apartments

How are homes and serviced apartments different from apartments? In its simplest form, an apartment is a rented living space inside a residential building, separating it from a condominium. A typical apartment may include one or more rooms, making it perfect for a family or a single person. One residential complex may comprise numerous apartment units. However, each apartment is independent and can either be owned or rented. Aside from the standard rooms that everyone needs, like a bedroom, kitchen, and bathroom, an apartment should also have other features and luxuries.

Studio Units

Another popular option is studio units. These are growing in popularity as more landlords look for accommodation they can rent out to singles who want to reduce their rental bills in expensive cities. 

If you go down this route, you’ll want to use some sort of lease management software, particularly if you manage multiple units. Dealing with dozens of individual tenants is challenging unless you get serious about being organized. But, on the plus side, you don’t have to worry as much about void periods, since you can still make money from multi-unit investments when a fraction of them are empty. (It also allows you to adjust your pricing more frequently to see what works). 

Townhouses

The outdated is newly fashionable, and townhouses fall under that. This historic dwelling type originated in cities in 17th-century Europe but is now seen in suburbs and exurbs. Even though townhouses’ appeal has fluctuated throughout the years, there are encouraging aspects to them. According to a survey, townhouses comprised 11% of newly built single-family homes in 2020, down from 14% in 2008. Then, compared to the previous year, the quantity of freshly constructed townhouses climbed by over 28% in 2021. They can be an excellent choice for those who want to balance a detached house and an apartment and love being near their neighbors.

Although a healthy housing market is helpful for the whole economy, we’d be negligent if we failed to point out that it’s entirely acceptable to be one of the 30% of renters who have no ambitions to own a home. By “entirely acceptable,” we mean it can be a wise financial decision at any age. Why? Mostly because homeownership is frequently overvalued. A typical residence should return approximately 0.43% annually over 50 years. Your gains drop to roughly 0.08% annually if you hold it for 29 years. And if you keep it for less time, it can cost you money.

How to Paint a Textured Ceiling: Tips, Tools and Techniques

Repainting a textured ceiling, such as a popcorn ceiling, may seem like a daunting task. However, with the right tools and a few tricks up your sleeve, you can achieve a professional-looking result. In this article, we will guide you through the process of repainting your textured ceiling, ensuring a comprehensive and efficient paint job.

Intro: How to Paint a Textured Ceiling

Textured ceilings, especially popcorn ceilings, provide a unique aesthetic appeal and sound absorption for homeowners. Unlike flat ceilings, painting ceilings with texture requires specific techniques and considerations. To make the process smoother, we have compiled a step-by-step guide that incorporates essential terms and practices for painting textured surfaces.

Steps for Painting a Textured Ceiling

  1. Preparation: Clear the entire room, cover the entire floor with drop cloths, and remove ceiling light fixtures to protect them from paint. Calculate the square footage of the ceiling to determine how much paint you’ll need.
  2. Choose the right paint: Select a special ceiling paint, preferably an interior acrylic-latex paint in a flat or matte finish. This ensures a smooth surface and proper adhesion to the textured ceiling.
  3. Gather tools: You will need a paint roller, paint tray, roller cover, extension pole, angled paint brush, stepladder, vacuum with a brush attachment, plastic sheeting or drop cloths, painter’s tape, and light fixtures covers.
  4. Priming: If your ceiling has stains or if you prefer a more even finish, apply a coat of primer before painting the ceiling. This will help the paint adhere better to the ceiling texture and provide a fresh coat for the paint to bond with.
  5. Cutting in: Use an angled paint brush to cut in along the edges where the walls meet the ceiling. This minimizes paint strokes and splashing on the walls, giving you a cleaner finish.
  6. Painting the ceiling: Pour paint into the paint tray and fully saturate the paint roller. Remove excess paint by rolling it against the tray’s grate. Attach the roller to the extension pole and begin painting the entire ceiling, starting from the center and working your way towards the edges. Apply a thick coat of paint to ensure thorough coverage of the textured surface.
  7. Second coat: After the first coat has dried (about two hours), apply a second coat of paint using the same technique. This ensures a more uniform finish and better coverage.
  8. Cleanup: Use a vacuum with a brush attachment to gently remove any debris from the ceiling. Replace the ceiling lights and remove painter’s tape, drop cloths, and plastic sheeting from the room.

Conclusion

Painting textured ceilings, like popcorn ceilings, may seem like a challenging DIY project, but with the proper tools and techniques, you can achieve a professional-looking result. Remember to prepare the entire room, choose the right paint, and follow the steps outlined in this guide. With patience and attention to detail, your textured ceiling will look refreshed and rejuvenated.

How to Find Buyers for Wholesaling Real Estate

Wholesaling real estate has grown to be one of the most popular methods of earning income by real estate investors. This method of doing business in real estate is a growing activity in many parts of the world including the U.S.

Wholesale real estate refers to selling properties that are already bought or those that have been pre-purchased by an investor. A wholesaler purchases the property through negotiations with the seller at a price determined mainly by negotiation skills instead of appraisal abilities. Unlike rehabbers that are renovating homes, wholesalers secure a contract on a property and sell at a higher price.

Wholesalers then need to sell these properties to a third-party buyer, generally to a cash buyer or even through an auction. But how do they find these buyers?

How to Find Buyers for Wholesaling Real Estate

This article will explain the methods used by wholesalers to find buyers for their properties. These are also the various ways to grow your existing buyer’s list as a wholesaler.

Find Buyers through Networking

Apart from the internet, you can find many potential buyers when you network with people. You should get to know the real estate agents, mortgage brokers, contractors and wholesalers in your area. Having them as your contacts will introduce you to new potential buyers which will in turn help you build upon your wholesaling buyers list.

Another way to network and get clients is to attend events that are related to real estate. Such events include real estate related conferences, seminars, trade shows, auctions, and conventions. People who attend these events will have a great interest in learning more about real estate opportunities.

Post Your Deal on Wholesale Property Marketplaces

One of the most effective, yet widely underutilized, ways to find buyers for your wholesale deal is to simply post it for sale on online real estate marketplaces. However, while there are many generic real estate marketplaces available on the web these days, there are not very many marketplaces that specifically list wholesale properties for sale. Many wholesalers post their contracted properties on those generic marketplaces but are rarely able to sell them. It is because generic real estate marketplaces have mostly people who are looking to buy property to live in. Instead, you need to identify specialized marketplaces that target investors looking to purchase lucrative deals where you can create an account and list your wholesale properties for sale.

Join Local Real Estate Clubs

Local real estate investors clubs are one of the best places to find clients. They usually have monthly meetings where you can promote your deals, services, and products. You should talk about the properties you specialize in and tell them how to contact you for more information.

Don’t be afraid to pay a membership fee if this means you’ll get some good clients coming your way. Always choose active clubs if you want to find clients quickly.

There are also online property investment clubs that you can join. They have forums where real estate agents, house flippers and wholesalers discuss real estate opportunities with other club members. You should participate in discussions and tell other members about your deals. Once they trust you, you will be a member of their list as well, which means that you’ll have more opportunities coming your way.

Find Buyers (and Sellers) Using Bandit Signs

One of the easiest ways to get clients interested in wholesale houses for sale is through posting bandit signs. These are real estate signs that you put up in high-traffic areas near your target market. Make sure to include your phone number and website address on the bandit signs. This way, people will know where to go when they are interested in your deal.

Bandit signs can be effective if you combine them with other marketing methods such as social media or Google AdWords. They are not very expensive, so you should get a lot of traffic if you post them in strategic places.

Find Buyers Through Craigslist

You can find clients for your wholesale houses for sale when you use Craigslist.org. It’s a very popular website that attracts people who are looking to buy or sell real estate. You should post some ads and answer inquiries from people interested in what you have to offer.

Craigslist is almost like an online version of bandit signs that’s free. It offers an excellent way for beginners in real estate wholesaling to find property buyers. When putting your ad on Craigslist, make sure you include all the information to make it easy for your clients to contact you. You should also make sure that the ad is free of misspellings and grammatical errors so potential clients will trust you. Be vigilant when working through this channel so that your wholesaling operation is safe from a legal standpoint.

Online Investor Forums

Many real estate investors are members of real estate forums, where they can give insights into how wholesaling works. They are the best places to make contacts with potential buyers. As an agent, you should join and participate in discussions to have a good chance at getting on people’s good side. You need to enhance your trustworthiness as a wholesaler.

You should also make sure that other members of the forums know that you’re in the wholesale real estate business. Being known will help you to stand out from the crowd of users on these forums. If anyone mentions looking for real estate, then contact them and tell them about your deals.

Find Real Estate Buyers through Online Channels

The Internet is a rich source of buyers for everyone in the wholesaling real estate business. It’s very easy to find people looking for investment opportunities online. There are different ways to find buyers online that you can employ.

Build a Website

One of the places you can get buyers is through your website. Getting traffic to your website is the first thing you need to do before looking for buyers online. Your website introduces your business and tells the buyer everything about it.

Your website doesn’t need the fanciest design to attract buyers. It just needs information about you and your business, the contact details of other people in your team, as well as links to social media accounts.

Leverage Social Media

Social media can help spread knowledge about what you do and what your business offers. Social media platforms such as Facebook, Twitter, and Pinterest have tons of information about what people want and need in every part of the world. Wholesalers can find many potential buyers through these social media platforms if they know how to use them effectively.

Build a Contact List of Leads

One great way to add on to your buyer list is to network with your previous clients. Let your existing or previous client know that if they hear from anyone interested in investing in real estate, they should call you or give out your contacts.

Don’t forget to make use of your personal contact list of agents, investors and home flippers. You never know; great property buyers may just be a phone call away. You will never make sales if you don’t tell your close contacts what you do.

You can use a CRM and phone number validation and verification API to keep your contact list clean and reliable. Anytime a potential client calls you, this system can validate and verify them before they’re saved to your database. It’s also capable of picking up valuable geographic information from phone numbers, which is helpful if you work locally or in select locations. Plus, it can identify fake and invalid phone numbers that often link to cold leads.

Other Considerations

Becoming a successful real estate wholesaler is not just about securing distressed properties at below market value; it’s equally vital to connect with the right real estate investor willing to buy those deals. From harnessing the expertise of real estate agents to tapping into direct mail strategies, various methods can guide wholesalers in finding wholesale properties that stand out.

The role of real estate agents, for instance, cannot be underestimated as they can be instrumental in identifying potential investment property opportunities. Real estate wholesalers must also be vigilant in understanding the nuances of their local real estate market, ensuring that wholesale real estate deals are priced attractively enough for other real estate investors.

On the flip side, real estate investors benefit immensely when they find real estate wholesalers who have a knack for sourcing premier real estate wholesale properties. Motivated sellers, property owners dealing with distressed properties, and a keen eye for market value are all critical components of a lucrative wholesale real estate deal.

Whether you hold a real estate license or not, networking with other players in the real estate market, understanding the needs of motivated sellers, and building a robust database can truly make the difference. In this dynamic environment of the real estate world, finding wholesale properties and making them profitable is a dance between the wholesaler and the investor.

Conclusion

Wholesalers have to do their research to find buyers who are ready and willing to buy a particular property.  These steps can help you build a great buyer’s list and lead to more profit in your wholesale real estate. People on the list are ready to buy right away as long as you get them what they want.

If these methods don’t work for you, SimpleShowing will be here to help make things easier. You can list your properties with us and find potential home buyers quickly. If you are looking to invest in a wholesale property, make sure you know about our buyer refund incentive.

Most Affordable Cities in Georgia

Considering a move to the Peach State? Georgia has grown substantially in the last 2 decades and as a result, home prices have skyrocketed. That being said, there are plenty of affordable cities in Georgia that you can still move to.

Most of the cities with the lowest priced homes in Georgia are in the southern part of the state and also in the central part of the state.

Cheapest Cities in Georgia

Here are the most affordable places to live in Georgia. If you want to buy a house for under $250,000, the best places to look will not be in Atlanta or near the coast. Instead, focus your search outside of the Atlanta metro and away from the beaches.

1) Albany, GA: Nestled on the Flint River, Albany offers a blend of Southern charm and history. Home to the Flint RiverQuarium and Civil Rights Institute, the city delves deep into nature’s wonders and Georgia’s past. Home prices are about $192,000 on average.

2) Moultrie, GA: Known for its historic downtown and the Sunbelt Agricultural Expo, Moultrie is a hub of agricultural innovation and timeless Southern hospitality. Home prices are about $184,000 on average.

3) Augusta, GA: Best known for hosting The Masters golf tournament, Augusta boasts a rich heritage, scenic riverwalk, and a vibrant arts scene along the Savannah River. Home prices are about $237,000 on average.

4) Columbus, GA: Perched on the Chattahoochee River, Columbus presents an intriguing mix of outdoor adventures like whitewater rafting and historical landmarks, including the National Civil War Naval Museum. Home prices are about $221,000 on average.

5) Dublin, GA: A city with Irish flair, Dublin celebrates its heritage with events like the annual St. Patrick’s Day Festival. Its historic downtown and lush parks add to its appeal. Home prices are about $198,000 on average.

6) Statesboro, GA: Home to Georgia Southern University, Statesboro pulses with youthful energy. Its agricultural roots and cultural events, like the Bluegrass Festival, offer diverse experiences. Home prices are about $216,000 on average.

7) Waycross, GA: Gateway to the Okefenokee Swamp, Waycross is a haven for nature enthusiasts. The city’s railroad history and Southern character make it uniquely captivating. Home prices are about $204,000 on average.

8) Tifton, GA: Dubbed the “Friendly City,” Tifton attracts visitors with its Agrirama museum and vibrant downtown, reflecting its agricultural heritage. Home prices are about $231,000 on average.

9) Americus, GA: A testament to history and humanity, Americus is home to the global Habitat for Humanity headquarters and the Windsor Hotel, a beautiful relic from the 1890s. Home prices are about $207,000 on average.

10) Dalton, GA: The “Carpet Capital of the World,” Dalton is renowned for its flooring industry. Beyond carpets, the city offers rich Civil War history and the stunning beauty of the North Georgia mountains. Home prices are about $234,000 on average.

Our Picks for Most Affordable Cities in Georgia

These cities are not the cheapest, but they’re also still quite affordable and might provide a better quality of life versus the options above.

1) Athens, GA: Famed for its vibrant music scene and historic architecture, Athens pulses with youthful energy as the home of the University of Georgia. Its blend of Southern charm and modern innovation creates a unique cultural hub. Home prices are about $267,000 on average.

2) Savannah, GA: Enveloped in cobblestone streets and draped in Spanish moss, Savannah is a historic gem of the South. Its hauntingly beautiful squares, antebellum architecture, and riverside allure make it a must-visit. Home prices are about $271,000 on average.

3) McDonough, GA: Known for its charming square and iconic Geranium Festival, McDonough encapsulates the essence of small-town Southern life while being conveniently close to the bustle of Atlanta. Home prices are about $279,000 on average.

4) Conyers, GA: Nestled just east of Atlanta, Conyers boasts the scenic wonders of the Arabia Mountain National Heritage Area and a historic Olde Town, making it a blend of nature and tradition. Home prices are about $284,000 on average.

5) Carrollton, GA: Home to the University of West Georgia, Carrollton offers a mix of academic pursuits and recreational pleasures, from its cultural arts center to its inviting GreenBelt trail. Home prices are about $289,000 on average.

6) Cartersville, GA: A city rich in history and art, Cartersville dazzles with attractions like the Booth Western Art Museum and the ancient Etowah Indian Mounds, preserving Georgia’s storied past. Home prices are about $296,000 on average.

7) Rome, GA: Settled between seven hills at the confluence of three rivers, Rome’s beauty is only surpassed by its storied history, from its Victorian-era homes to the Berry College campus, one of the world’s largest. Home prices are about $299,000 on average.

These two lists above are packed full with great options. But if you want to bump up your budget and splurge, check out our list of best places to live in Georgia.

Resources for Moving to Georgia

Check out our list of best elementary schools in Georgia and home closing costs in Georgia.

Conclusion: Cheapest Places to Live in Georgia

In the quest to find the most affordable housing in the Peach State, the correlation between median home price and median household income in cities becomes ever more pertinent. Georgia, with its diverse landscape from South Georgia to the Metro Atlanta area, boasts a myriad of cheapest places to live, offering housing costs significantly below the national average.

If you’re hunting for the cheapest city based on median home value, remember to weigh it against the median income of its residents. Some cities, although they might be about an hour’s drive from main urban centers, stand out for their blend of low living costs and commendable median household incomes. The beauty of Georgia lies not just in its rich history and scenic beauty but also in its promise of affordable living.

Those looking to make the most of their earnings should consider housing costs as a proportion of median income, and by this measure, Georgia offers many an oasis. Whether it’s the allure of the Metro Atlanta area or the rustic charm of South Georgia, potential homeowners are bound to find regions with the lowest cost and considerable value for money. It’s a delicate balance, but Georgia has mastered the art of presenting affordable housing options without compromising on quality.

How to Buy an Apartment Building: A Beginner’s Guide

Buying an apartment building is likely to seem like a daunting task for many. This is especially true for beginner investors. Real estate investors of all experience levels have grown their wealth exponentially by buying apartment buildings and you can too.

Luckily, you don’t have to be a veteran investor to know how to buy an apartment building.

How to Buy an Apartment Complex

Buying an apartment complex can be a lucrative investment strategy, offering a steady stream of income from multiple tenants. Apartment complexes differ from single family rental properties and residential property, as they are considered commercial properties. This unique class of investment properties can be a valuable addition to your portfolio.

One of the biggest benefit of buying an apartment building is the scalability. With a single acquisition, investors are able to double or triple the size of their portfolio in term of number of doors. With so many tenants, they are also able mitigate the risk of vacant units without interrupting their cash flow. So, how do you buy an apartment building?

The Apartment Buying Process

To buy an apartment complex, it’s essential to work with experienced real estate agents, a commercial real estate broker, and a multifamily loan brokerage. These professionals can help you navigate the complexities of purchasing and managing apartment tenants. When evaluating an apartment property, consider the market value, purchase price, and net operating income. The income approach is a common method for assessing the value of multifamily real estate based on the property’s rent roll.

  1. Understand cash flow: Assuming that you would like to make an income from your apartment building, you will want to have an understanding of cash flow. Use a rental calculator to model prospective deals so that you know what to expect.
  2. Select a market: For convenience and confidence sake, always look into your local market before you start looking out of state. Model a few deals in a variety of markets to see what is feasible. It is easier to manage a building in an area that is nearby and that you are more knowledgeable about.
  3. Get pre-approved for financing: Once a market is selected, investors will want to get pre-approved for financing. Try and get approved by at least two different lenders so that you can compare quotes once you find a property.
  4. Research properties and make offers: Now it’s time to find your apartment building. Research properties through the MLS, commercial real estate websites, or through working with a broker like SimpleShowing. Visit multiple properties and once you find one you like, go ahead and put in your offer.
  5. Get the building inspected: Nobody wants to purchase a property that isn’t in the condition it was advertised. Make sure to get the building inspected. Some specific things to look at include the HVAC system, plumbing, and electrical systems.
  6. Hire a management company: Take the work out of your investment and hire a property management company. Be warned that the property management company you choose could make or break the success of your investment. Do your research, read your reviews, and interview several companies before making your decision.
  7. Secure financing and close: Provide the lenders you were pre-approved with the deal you have so that you can compare quotes. Pick a lender and they will help you get fully approved and ready to close.

Cost to Buy an Apartment Building

When it comes to finances, banks will finance any building with four units or less as a “small apartment” and require a residential mortgage. Anything above that size is considered a “large apartment” and will require a commercial loan.

The more units the building has, obviously the more expensive it will be. For example, a large mid-rise complex with 100 units could cost tens of millions of dollars or more. Luckily, there is a nice middle ground of apartment buildings that are smaller than a 100 unit mid-rise but larger than a fourplex. These apartments will typically cost between $80,000 and $200,000 per door (unit).

Financing options for apartment complexes include non-recourse loans, which protect your personal assets, and recourse loans, such as bank balance sheet loans, that involve the borrower’s personal property as collateral. Seller financing and partnerships with property management companies can also provide flexible financing and management solutions for apartment complex owners.

Benefits of Buying an Apartment Building

  • The earning potential is high: One large multi-unit space like an apartment building will help build your portfolio faster than if you were to purchase a single-family rental. More units equals more money coming in.
  • It’s an appreciating asset: All real estate appreciates over time, apartment buildings included. If you decide to sell the building in the future, you are sure to profit.
  • The cashflow is reliable: Investors can confidently depend on their apartment to bring in a stream of income. Even if the units are vacant or tenants are not paying, there are usually still other paying units to help cover expenses.

Disadvantages of Buying an Apartment Building

  • Down payments can be expensive: Apartment buildings are a large purchase that comes with a large price tag. As you can expect, the down payment for a multi-unit property is significantly more expensive than a single-family one.
  • Difficult to diversify market exposure: Because apartment buildings are such a big expense, it often doesn’t leave new investors the opportunity to purchase a lot of them. Apartment buildings will definitely help investors build their portfolio, but it will be difficult for them to diversify it in different market classes.
  • The turnover is high: Apartment buildings tend to have higher tenant turnover than single-family rental units. This means owners will likely need to spend time (and often money) finding new tenants and preparing units for move-in.

Other Considerations

Buying an apartment building, especially as a beginner, can be a daunting but rewarding venture. A seasoned real estate agent can guide you through the intricacies of the local real estate market, ensuring that you understand the nuances of commercial property transactions. It’s essential to factor in potential rental income, tax benefits, and property taxes when considering a multifamily property investment.

Proper insight into maintenance costs and operating expenses is crucial as these can substantially impact the ROI. Not to mention, the inclusion of multifamily properties in your investment portfolio diversifies your assets, potentially providing a more stable income compared to single-family properties.

The world of real estate investment offers numerous opportunities, and purchasing a multifamily property can be a game-changer. As you venture into this realm, always remember the importance of research and preparation. Having an in-depth knowledge of the property’s operating expenses, potential rental income, and the associated tax benefits will place you in a stronger position.

It’s also wise to keep abreast of the ever-evolving local real estate market conditions. In the long run, the acquisition of an apartment building can be a strategic move to elevate your investment portfolio, especially when you have the guidance of a reputable real estate agent by your side.

Conclusion

As an apartment complex owner, working with a property manager is crucial to ensure a smooth operation. They can help implement apartment investing strategies, such as increasing rents or renovating units, to maximize your investment. When compared to single family homes, apartment complexes offer the advantage of housing multiple tenants, making them a popular choice for real estate investing.

In summary, buying an apartment complex is a rewarding investment strategy that requires collaboration with knowledgeable real estate professionals, a thorough understanding of financing options, and effective property management. Don’t miss out on the benefits of multifamily real estate – start exploring your options today!

Most Popular Conservative News Outlets

It’s almost difficult to remember a time when the mainstream media was deemed trustworthy or “unbiased.” In the last 10 years, Americans have grown more and more wary of political leanings of major news sources. In fact, only 7% of U.S. adults say they have “a great deal” of trust in media, according to a Gallup survey. Only 29% of Americans have “a fair amount” of trust and confidence in newspapers, television and radio news reporting. Yikes! 3 out of every 4 American does not trust the media.

In terms of conservative media, more and more Americans are turning to smaller news websites, apps, podcasts and lesser known TV stations for ideological views that align with their family values, faith or simply the plain facts they see every day in the economy or in their local communities.

Top Conservative Websites and News Sources

We’ve done all the research and compiled a list of the top conservative news sources. If you’ve become disenchanted with the mainstream media, or with liberal-leaning news sites, check these out these top conservative news outlets below.

13. The Federalist

The Federalist is an American conservative news source, online magazine and podcast that covers politics, policy, culture, and religion, and publishes a newsletter. The site was co-founded by Ben Domenech and Sean Davis in 2013.

In June 2020, Google Ads warned The Federalist that it was considering demonetizing the website because of alleged racism in its comment section; The Federalist removed the comment section entirely, and Google announced that “no action will be taken”. In response, Domenech said: “We are really learning the degree to which Big Tech can be weaponized by woke mobs, or woke journalists in this case, to try to shut down places who disagree with their leftist agenda.”

12. The Epoch Times

One of the more controversial on our list, The Epoch Times was founded in 2000 by a Chinese American dissident named John Tang. The outlets describes itself as featuring “clear, fact-based journalism without spin or hidden agendas.”

The website originally sought to oppose the totalitarian rise of the Chinese Communist Party, while assisting Chinese Americans in assimilating to western values of the US. Searches for The Epoch Times surged in April of 2020 as the site was one of the first to criticize China’s role in the COVID pandemic.

11. Real Clear Politics

RealClearPolitics is an American political news website and polling data aggregator formed in 2000 by John McIntyre and Tom Bevan. According to its website, RealClear is an independent, non-partisan media company but many of its readers enjoy its right-leaning commentary and polling data that is often featured by larger outlets, including Fox News.

The site’s founders said their initial goal was to give readers “ideological diversity”. Since its founding, the organization has become one of the more reliable sources for election polling data for presidential and midterm elections.

10. RedState

RedState was founded in 2004 by conservative bloggers Joshua Treviño, Ben Domenech and Mike Krempasky. Popular conservative figure Erick Erickson later became the editor-in-chief and CEO in 2006. The website feature a blog-style format, which makes the articles easy to digest.

Since its founding, RedState organized in “RedState gatherings”, a summer convention for conservative activists which feature many prominent public figures and Republican candidates.

9. The Washington Times

Not to be confused with the Washington Post, this site has an emphasis on US politics. It’s a great source for current topics coming out of the White House and Congress. The Washington Times was founded on May 17, 1982, by Unification movement leader Sun Myung Moon and owned until 2010 by News World Communications, an international media conglomerate.

Throughout its history, The Washington Times has been known for its conservative political stance, which has drawn criticism from other larger, more liberal news outlets.

8. Breitbart

You might say Andrew Breitbart is the single most important figure in the formation of conservatism as we know it today. He was the first to act on and popularize the observation that politics is downstream from culture. Winning elections is necessary and good. But the culture is the real prize.

The news outlet he founded under his namesake in 2007 was all predicated on that belief. And it quickly became the conservative vanguard in the culture war. The site would go on to give a number of influential if controversial conservatives a platform, including Ben Shapiro, Milo Yiannopoulos, and Steve Bannon.

7. The Blaze

Former Fox News personality Glenn Beck started The Blaze in 2010 before merging it with Mark Levin’s Conservative Review TV in 2018, forming The Blaze Media as we know it today.

Like The Daily Wire, The Blaze has a deep bench of conservative talent streaming on its services, including Beck himself, Dave Rubin, Jason Whitlock, Steven Crowder, Allie Beth Stuckey, and that guy from Duck Dynasty, Phil Robertson.

6. The Daily Caller

Daily Caller was founded in 2010 by Fox commentator Tucker Carlson and his former college roommate Neil Patel, a former advisor to Vice President Dick Cheney. It was designed to attract young readers and serve as a contrarian perspective to Arianna Huffington’s liberal-leaning Huffington Post.

In 2016, Tucker Carlson became less involved with the daily operations of the site after taking on a more prominent, primetime role on Fox News.

5. The New York Post

One of the oldest newspapers, turned media giants, The Post was founded in 1801 by Alexander Hamilton, a leading figure of the Federalist Party. In 1976, The Post was acquired by Rupert Murdoch – the brain behind Fox News.

The Post was one of the original sources that published a Hunter Biden exposé, which was suppressed by social media outlets and big tech in an effort to protect Joe Biden just before the presidential election.

4. Newsmax

Founded in 1998 by Christopher Ruddy, Newsmax has always aspired to stand on equal footing with the gargantuan Fox News. And though that aspiration is unlikely to materialize anytime soon, on election night in November of 2020, Fox News did indeed grant Newsmax an opening.

You may recall how some conservatives became disenchanted with Fox News after the network announced that the key-swing-state of Arizona would be won by Biden when only 73% of the state’s votes were in. That call for Biden came in hours before the Associated Press and days before most major networks made the same declaration.

3. Fox News

Fox is easily the largest news site for conservative commentary. In fact, it boasts more TV viewers than any other major news channel including CNN, NBC and others. Fox also has streaming media options as well, which have become popular in recent years.

Due to its sheer size and influence, Fox has been able to garner an audience that is moderate, conservative and even sometimes liberal. Their stories are regularly featured on Facebook, TV and TikTok; and the outlet boasts popular primetime commentators like Sean Hannity and Tucker Carlson, who provide breaking news on a nightly basis.

2. Rumble

While not a newspaper or news outlet in the traditional sense, Rumble is an online video platform and conservative news website with headquarters in Florida. It was founded in October 2013 by Chris Pavlovski, a technology entrepreneur from Canada. They also feature a cloud services business that is known for hosting Truth Social, the app that was started by Donald Trump, and has been described as part of their “alt-tech” platform.

Because video has become a primary channel for content, Rumble has seen tremendous growth in viewership with more than 80 million visitors to their website every month and is often cited on Reddit conservative threads.

1. The Daily Wire

It was Andrew Breitbart who introduced the polemical wunderkind Ben Shapiro to the business-minded producer Jeremy Boreing in 2009. After a couple job stints here and there, the pair would form The Daily Wire in 2015 with a focus on personality driven journalism and digital distribution optimization, specifically on Facebook.

The Daily Wire is one of the fastest growing news outlets in the world, featuring high profile guest like Candace Owens and Dennis Prager. But most of its prominence is driven by Shapiro, who has become a figurehead of conservative media. The website boasts over 40 million visitors each month and continues to grow in popularity.

More Resources

The author, SimpleShowing, is an Atlanta-based real estate company that operates in Texas, Georgia and Florida. Check out our list of most conservative states and best conservative cities to move to.

Conclusion

In today’s era where the landscape of journalism is peppered with accusations of “fake news” and biased reporting, trustworthy conservative news outlets have become invaluable resources for those seeking a conservative perspective on global news organizations and events. Conservative news websites such as the National Review, Wall Street Journal, and Washington Free Beacon stand out as cornerstones in this realm, offering not just news events but also rich conservative opinion pieces that give readers a deep dive into various issues.

The Christian Science Monitor, while not strictly on one end of the political spectrum, offers an unbiased news approach with a hint of conservative opinion, making it a unique addition to the list. Similarly, sites like the Gateway Pundit have garnered attention for their staunch political position. As readers navigate the vast digital ocean, it’s crucial to recognize the best conservative news websites and magazines.

Whether you lean right or are just looking for a balanced view across the political spectrum, outlets such as the ones mentioned in this article provide a reliable gateway to understanding the conservative viewpoint.

Investment Property Mortgage Rates

Introduction

Rental property mortgage rates can range from 50 to 200 basis points (0.5 – 2.5%) higher than rates on a primary, owner-occupied home. For example, if the rate for a 30-year mortgage on a primary residence is averaging 4.50%, you might expect a 30-year investment property mortgage to have a rate of 6.0%.

Rates and down payment for each loan type

Conventional Mortgages Rates for Rental Properties

Many first time investors explore conventional mortgages initially when applying for rental property loans. You can certainly check with the big banks or your local credit union, but you may encounter more restrictive lending guidelines and lengthier closing timelines.

Keep in mind that most conventional lenders will qualify you based on your W2 income and tax returns. You can not use an LLC or bank statements to obtain a conventional loan for a rental property. Most conventional lenders will also challenge most 1099/contractor income and also only allow four active mortgages on your credit report.

Today’s Conventional Rental Property Mortgage Rates:

  • 15-Year Fixed-Rate Loan: 5.99% – 7.50%
  • 30-Year Fixed-Rate Loan: 6.25% – 7.75%

Down payment Required:

  • 20-25%

Pros:

  • Good for 1st time investors purchasing a property that is in good condition
  • Reasonable interest rates

Cons:

  • High credit score requirement; most conventional lenders will require a score of at least 625 or higher
  • Not ideal if you plan to buy 5 or more rentals; most lenders only allow four mortgage loans on your credit report
  • More stringent qualification and underwriting
  • Lengthy closing process of at least 5 weeks

Hard Money Loan Rates

If you want to buy a property under an LLC, big banks like Wells Fargo won’t be a fit. For this reason, many individual investors explore hard money lenders. This also allows you to expand beyond 5 rental properties if a traditional bank limits the number of properties on your credit report.

Often times, investors want to purchase rehab properties but can’t obtain loans from credit unions or traditional banks due to the condition of the home. Many hard money lenders also offer short-term purchase-rehab loans for buying and renovating distressed properties. Investors using the BRRRR strategy can often refinance their hard money or pursue a cash-out in order to scale their purchase of additional rentals.

Today’s Mortgage for Rental Property Rates:

  • Adjustable Rate Mortgages (ARMs): 6.5% – 8.0%
  • 30-Year Fixed Interest Loans: 6.75% – 9.5%
  • 12 month “Fix & Flip” Loans: 7.0% – 12%

Down payment required:

  • 20-25%

Pros:

  • Often allow DSCR (debt service coverage ratio) loan criteria for underwriting rather than income
  • Scalable: no limit on the number of mortgages
  • May not report to the credit bureaus depending nature of loan
  • Allow loans to LLCs and other legal entities
  • Quick closing as fast ast 14 days
  • Often no W2 income documentation required by some lenders
  • Allow purchase-rehab loans

Cons:

  • Lending fees are higher. Hard money providers often charge a fee at closing (for example 1% of the loan amount).
  • Often higher rates (100 – 250 basis points) than conventional mortgages
  • Good credit required; most require a score of at least 600
  • Depending on the state where the property is located, you may be required to use an LLC

Owner-Occupied Multifamily Loan Rates

Investors generally can not consistently obtain rates that you might get as a first time home buyer and owner occupant. But house hacking provides a path to obtain an owner occupant rate if your lifestyle allows you to live and rent a duplex, triplex or quad.

This is a great strategy to obtain a homeowner-style mortgage and the only requirement is that you live in the property for at least 1 year. You’ll need to sign an affidavit of occupancy that states you plan to reside in the home.

Here’s how it works: you buy a 2-4 unit building and move into one of the units. You rent out the other units – either under a 1 year lease or even as an Airbnb.

Down payment required:

  • As low as 3%

Pros:

  • Lower interest rate
  • Lower down payment requirements

Cons:

  • You must reside in the property for at least 1 year
  • Multi-family homes are difficult to find
  • Multi-family properties are more expensive than single-family

Why are interest rates higher on rental properties?

Interest rates are typically higher on an investment property because the loan is riskier for the lender. Banks understand that you’re less likely to allow your primary residence to go into foreclosure due to missed payments. Vacancies, economic conditions, repairs, damage, etc. can all influence the risk level of a rental property over time. According to the banks, these factors do not impact your primary residence.

In addition to paying higher investment property interest rates, it’s likely you’ll have to make a higher down payment. For example, a first time homebuyer can qualify for a 3% down payment on their first home. And you can also buy a vacation property for 10% down in most cases. In contrast, rental property mortgages generally require at least 20% down in order to provide the lender with more equity in the transaction on the front end.

Conclusion

The intricacies of investment property loans can be a maze for many real estate investors, but with the right guidance and knowledge, it’s possible to navigate this terrain effectively. It’s essential to understand the nuances of investment property mortgages and the variances in the investment property mortgage rate. Especially when considering factors such as rental income potential, the pros and cons of hard money loans, the stipulations of a minimum down payment, and the distinctions between conventional loans and other financing options. Being well-informed not only ensures you choose the right mortgage lender but also secures monthly mortgage payments that align with your financial strategy.

Furthermore, the landscape of real estate continually evolves, making it paramount for investors to stay updated on current investment property mortgage trends and rates. With the varying types of investment property mortgage loans available in the market, each offers its own set of advantages tailored to different investing needs. Whether you’re a seasoned real estate mogul or a budding enthusiast, being proactive in your research, understanding your mortgage payments, and finding the right tools and resources to finance investment properties is the key to optimizing your returns and securing a profitable future in the vast realm of real estate.

Learn more about investment properties:

How to get into real estate investing

Capital gains on rental properties

How to buy rental properties with no money down

The Ultimate Guide to Quartz Slab Sizes

Quartz has become an increasingly popular choice for homeowners and designers alike, thanks to its durability, low maintenance, and variety of colors and patterns. When it comes to selecting the right quartz slab size for your project, you’ll need to consider various factors, such as the dimensions of your space, your budget, and the purpose of the installation.

In this guide, we’ll explore the different quartz slab sizes available, along with their respective applications, to help you make an informed decision.

Standard Quartz Slab Sizes

Quartz Countertop

Quartz slabs are typically available in two standard sizes: jumbo and standard. Let’s take a closer look at each.

Jumbo Slabs

Jumbo slabs are the larger of the two standard sizes, typically measuring 63 inches by 126 inches (160 cm by 320 cm). These slabs are ideal for larger projects, such as kitchen countertops or large islands, as they can cover a greater surface area without seams.

Jumbo slabs can be particularly useful if you have a specific pattern or design in mind, as they provide a continuous, uninterrupted flow.

Standard Slabs

Standard quartz slabs are smaller, usually measuring 55 inches by 120 inches (140 cm by 305 cm). These slabs are more suitable for smaller projects, such as bathroom vanities, tabletops, and backsplashes.

Standard slabs are generally more affordable than jumbo slabs, making them an attractive option for budget-conscious homeowners.

Custom Quartz Slab Sizes

Largest Quartz Slab Size

In addition to standard slab sizes, some quartz manufacturers offer custom sizes to meet specific project requirements. Custom-sized slabs can be tailored to fit unique or unconventional spaces, such as curved countertops or unusually shaped rooms.

However, custom slabs can be more expensive than standard sizes, as they require additional fabrication.

Factors to Consider When Choosing Quartz Slab Sizes

Natural Stone

Project Dimensions

The first factor to consider when selecting a quartz slab size is the dimensions of your space. Measure the length and width of the area you’re working with, and make note of any obstacles, such as sinks or appliances.

This will help you determine whether a standard or jumbo slab will be more appropriate for your project. For larger areas, a jumbo slab may be necessary to minimize seams and provide a more seamless appearance.

Budget

Your budget will play a significant role in determining the size of the quartz slab you choose. Jumbo slabs typically cost more due to their larger size and increased material usage.

If you’re working with a tight budget, you may want to consider using a standard slab size and incorporating seams into your design.

Design and Aesthetics

Consider the design and aesthetics of your project when selecting a quartz slab size. If you have a specific pattern or color in mind, a larger slab may be necessary to maintain consistency throughout your space. Additionally, larger slabs can create a more seamless appearance, as they require fewer seams.

Installation and Fabrication

Finally, consider the installation and fabrication process when choosing a quartz slab size. Larger slabs may require additional manpower and equipment to transport and install, which can increase labor costs. Smaller slabs, on the other hand, are easier to handle and may result in lower installation costs.

Conclusion

Jumbo Size

Quartz slab sizes play a crucial role in the overall success of your project. By considering factors such as project dimensions, budget, design aesthetics, and installation, you can make an informed decision and choose the perfect slab size for your needs. Whether you opt for a standard or jumbo slab, or even a custom size, quartz offers a beautiful, durable, and low-maintenance solution for your countertops, bathroom vanities, and other surfaces.

Quartz Colors

Remember that the key to a successful quartz installation lies in careful planning and attention to detail. Take the time to measure your space accurately, consult with professionals, and evaluate your design preferences to ensure you select the perfect quartz slab size for your project.

Vanity Tops

With an extensive range of colors, patterns, and sizes available, quartz countertops can transform any space into a beautiful and functional oasis. Whether you’re a homeowner looking to upgrade your kitchen or a designer working on a commercial project, understanding the various quartz slab sizes and their applications will help you create a stunning and seamless finish that will stand the test of time.