When people get older, it's not uncommon for them to move out of their homes. Often, this might happen due to the death of a spouse, reduced mobility, or not being able to care for an entire home.
Whatever the case may be, if you are an older adult and are in this situation, know that you have lots of options for where you will live. One of the best is a senior apartment home.
Whether you've always wanted to enter the world of rental real estate or are just hoping to add to your current portfolio, you may be considering a real estate owned (REO) property. During the Great Recession, many banks found it tough to sell foreclosed homes for enough to cover their investment—providing many investors an opportunity to snatch up a potentially valuable property at a garage-sale price. But with the stock market at all-time highs, do REO properties still make sense?
When it comes to growing your money, investing in real estate is one of the best ways to make long-term money on your investment. When it comes to starting to invest in real estate, residential properties are the way that most people start investing in real estate, in large part because most people are semi-familiar with how to take care of and purchase a residential property.
Make Sure You Have a Down Payment