Zack Childress Renting or Buying – Which is the Right Choice?

Renting or Buying - Which is the Right Choice

The question that is prevalent is whether it is better to rent or buy a residence. This is the question raised at one point of time or another. People have to take into account their strategies for the future.

There are a number of questions that you should raise to yourself.

Is taking into account the house as an investment a vital decision?

You might have to contemplate on the lifestyle ahead. Americans consider their residences as a treasure. But, the value of the house could go down as there is the possibility of the value going up also.

The comparison that you make between a month’s rent and mortgage payment is the blunder that many people do.

One cannot underestimate the cost of the maintenance. If there is some fault with the equipment in the house, you have to volunteer to set it right or take the assistance of a professional for that. There are certain unexpected costs also. You might need equipment to maintain your lawn.

Can you take in the stress?

The finance has to be taken into consideration when it comes to buying or renting. It is the major financial move that people will adopt. Stress is one major criterion that needs to be taken into account when purchasing a house.

Take into account your age:

When you are in your early 20s or 30s things go against purchasing a house. It is not the responsibility that matters, but you do not know what the life has in store for you. The possession of a house restricts your move to different places.

When there was a steep hike in the ownership of home, unemployment also shot up. The main reason is that homebuyers do not desire to relocate for a job.

The option of either owning or renting is a decision which is more out of lifestyle changes.

Renting a house is much more flexible than owning a house. Although you might feel that you are wasting your money on renting, it is the affordable option. When the lease has expired, you can move to a different place.

There is less ease with respect to owning a house. Purchasing and disposing a residence is an intricate process, and you have to shell out plenty of money for that. It is not a financially sound decision if you plan to be rooted in the place for five years.

You require more savings:

The huge cost of buying and taking care of the residence has to be taken into account. There is no sound advice regarding the down payment. When the down payment is large, you give an appearance like you are financially secure. The interest rate plummets down and this results in the decrease of monthly payment. If you find it difficult to make a down payment, you might find it making the ends meet.

Browse for the average home price in the vicinity, and calculate which among buying or selling is the cheapest. It is arduous trial to desire buying a home, but being financially sound makes you climb up the ladder and become a homeowner.

Zack Childress, the proprietor of REI Success Academy, has written a number of articles which could enable you make a decision between buying and renting.

Zack Childress Reviews The Influence Of Technological Advancement On Global Real Estate

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Introduction

The impact of technological development has been tremendous in all spheres of life and industry. So, it is nothing extraordinary that the real estate industry too is highly influenced by technological growth. In here, Zack Childress, a real estate investor reviews the changes that have taken place in the real estate industry.

Information base is wider:

So much of information is available due to the widespread technological flourish. So, more real estate investors are putting this power to maximum use and contemplate investing in areas in different cities and even other countries. People can communicate globally. For instance, if a person in Australia wants to buy property in the United States of America, he need not frequently visit it. He can transfer the power of attorney to a trusted real estate agent and keep abreast of what’s going on from his place of residence.

Co-working spaces and common residential spaces:

More and more independent contractors and freelancers are emerging since people like to have flexibility in their work timings and travel a lot. Such types of workers may face loneliness. So, many co-working spaces are emerging perennially. Co-working spaces are not operated by the same organization. It is divided space occupied by people who belong to different companies and they are united in that they share the same surroundings. In residential properties also there is more than one common space which is being shared. Multi residential homes with home theatres, play areas, swimming pools, garden, walking space and so on are emerging continuously. These help in socializing and provide enjoyment for inhabitants of the same gated community.

A myth that customers need not be near to retailers is developing due to ecommerce:

With the ecommerce spree, it does not mean that retailers need not be near their consumers. When retailers are near the consumers, their goods get delivered with ease and the cost is also minimized. One would assume that retailers need not have a physical presence in proximity to the customer but this is not true.

A radical change in the methods of transportation:

With Uber revolutionizing the taxi and many more such shared vehicle transport coming up, personal cars may become non-existent. Self driven cars or automated cars are also self parking cars. So, residential, industrial and commercial real estate spaces without the need for much parking amenities can be constructed. This buffer space can be utilized for various other purposes.

The evolution of more flexible work spaces:

The need for flexible workspaces arises since people no longer want to work from a fixed space. They work from their desk, lawns, lobby, home, elevator and even the bathroom sometimes. So it’s time for an increase in adjustable and adaptable work spaces.

Conclusion

This rise in technology is leading to these emerging trends in real estate as discussed above. This is a review written by Zack Childress. Zack Childress rose to riches and fame in a short duration of time. His investments in real estate are worth billions. Not just this he is a great guru and has mentored innumerable real estate sellers and buyers.

Zack Childress Guidelines To Generate Leads In Real Estate Investing

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The diverse and expanding marketing environment makes real estate lead generation more intimidating and confusing. Irrespective of the experience a realtor holds, it can sometimes be overwhelming. But you don’t have to worry as this piece of article is mainly written for you to understand how to generate leads in real estate and moreover it will help you to narrow down the options and ensure that the amount you spend on marketing is spent effectively.

Advertising in a newsletter, placing a classified ad or in the local yellow pages weekly or monthly, searching the MLS for Junker property are some of the key things you can do to generate leads. Others include creating a real estate blog, advertising using online paid ads on a range of websites and mobile apps or promoting using pay-per-click and ad words – Google, Yahoo, Bing, etc are also some of the best things you can do to generate leads.

You will find this to be very interesting, yes! You can actually start blogging daily and challenge yourself to make each post superior to the previous one. Similarly, you can hold competitions on social media or organize a neighborhood safety awareness program. By this means you can gain the trust of people face to face. Hand out business cards wherever you go, when they get any hunch you can convert them to a lead and you can also set up a social media channel based on houses in the area, well there are so many ideas. Keep reading to unearth more points.

Networking with professional people like attorneys, accountants, financial planners, surveyors, etc, then with service providers – lawnmower service, pool service, contractors, roofers, handyman, etc and with your sphere of influence – hand out your business cards to everyone you know are some of the other things you can do to generate leads. Join a local networking group and connect with your network at your local real estate investment or landlord association. Post ads with large employers, military bases, hospitals, relocation companies, attempting all these things are said to help. Having said all that, you can also go online and get all your leads in one place.

When you want to connect with and connect more than few deals then you can make it without further ado by contacting zack Childress who is a passionate real estate connoisseur. Fervent about making agents more productive and successful, you will get to learn more about the field while still knowing how to make life-long customers through outstanding products, leads, education, and customer support. Learn more on the topic of how to generate leads in real estate marketing by visiting Zack Childress website and throw more light on the topic to keep going. His reviews are sure to help you find the way out irrespective of the problem you are facing in real estate.

Zack Childress’ Tips For What To Look In Positive Real Estate Business

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Investing in positive cash flow property involves the act of purchasing property that creates a surplus ore-tax cash flow. The cash flow is the foundation of any successful investment especially those that are starting out.

Zack Childress strategies to finding positive cash flow property

Look for high yielding suburbs:

High yielding suburbs are areas that give a high return on the invested capital. Look for suburbs in your neighborhood that give about 10% and above in rental returns and about 30% in the resale profit on the amount that property was bought.

Buy properties that are 20% or more below the median price in the area:

This is what is called a good deal. Look for property that is below the market price and then rent or sell it at the market prices. It gives you a larger profit margin than any other property in the area.

Target properties bringing multiple incomes:

Properties with more than a single source of income enables you cover the cost of maintenance and a bit of the money invested during the buying of the property. For example, properties with a granny flat.

Renovating and adding value to the property:

Renovating the house adds some value to the piece of property. A valued added house is able to fetch some extra rent due to better features and quality service. You can increase rents for the existing tenants after renovating the house.

Targeting student accommodation:

Student flats have some of the highest returns owing to the few needs, smaller units, and high occupancy rates. If there is college opening a branch in the area, consider investing in hostels and other types of student accommodation. Students also have little problems experienced when managing regular tenants.

The process of buying positive cashflow property:

• Search for multiple properties in different areas
• Research and eliminate different areas depending on average lag in selling property, capital growth rates, and clearance rates.
• Estimate value of the property using the latest sales data and data from comparable properties
• Analyze the property cash flow and the likely growth in the long-term. Make a forecast of the income that the property is likely to bring in the long-term.
• Establish the price at which you are able and willing to pay for the property based on the research that you have done above. Aim at negotiating for a good deal as it increases the return on your investment