Buying an income property for rental purposes is still one of the best investments, and it can eventually bring you financial freedom if you repeat the process. Of course, owning such a property is not enough to break the bank. You need to do the calculations and verifications necessary to ensure that your property is […]
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Do Not Forget These Expenses in Your Profitability Analysis
When investors search for deals on the Internet or elsewhere, they can be fooled by property descriptions deliberately left empty by advertisers or brokers. Many expenses are left out because, let’s be honest, we would reject many properties right off the bat. That being said, you need to analyze all the recurring expenses to accurately […]
read more...3 Property Management Tasks You Cannot Do with Excel
Nowadays, there are many ways to manage your income properties. The manual method (paper), accounting software, Microsoft Office, real estate software, etc. Many use Excel to manage their property’s accounting and other property management tasks, which is a step in the right direction since they use technology to their advantage. On the other hand, if […]
read more...Financing Your Real Estate Flipping Project: Private or Conventional Financing?
The financing of a fix and flip is a crucial step. It is usually the first step where you encounter problems, and the moment where you need the process to be quick, so your project does not slip through your fingers. Financing is a determining factor in the success or failure of your project. Since […]
read more...6 Tips to Rent Your Unit
Income property managers often worry about vacant units. It is normal to have a few, and, at times, they are welcomed with open arms (you have time to repaint them and bring them up to date). Still, having too many can put you in the red because the income is largely cut off. That being […]
read more...Short Presentation of Magex Technologies’ Tools at Immofacile
Short presentation at Immofacile of Magex Technologies’s real estate management tools, which can also analyze the profitability of income properties. To watch the complete interview, click here.
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