Rental Properties - 10 Tips For Better Cash Flow

Written by Steve Gillman

Continued from page 1

6. Offer improvements for rent increases. If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.

7. Install vending machines. If your rental properties are large enough, others will do this for you for free, and give you a share ofrepparttar income. 8. Rent byrepparttar 149519 room. A four-bedroom house might make more money if you include allrepparttar 149520 utilities and rent byrepparttar 149521 bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.

9. Rent-to-own sale. Usually there's a non-refundable deposit, and higher than market rents in these deals. When renters change their minds, as they often do, you gotrepparttar 149522 deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or getrepparttar 149523 better cash flow as you repeatrepparttar 149524 process. 10. Reduce expenses. Every dollar of expense you cut goes straight torepparttar 149525 bottom line. List every expense of your rental properties, and look at them one at a time. How can you reduce them?

Steve Gillman has invested real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit

First-time house buyers: to buy or not to buy that is the question.

Written by Richard Green

Continued from page 1

Various banks have come up with innovative methods to help facilitaterepparttar ability of FTBs to purchase a house which, whilst not addressingrepparttar 149518 real problem of house prices, will allow more people to own their own home.

A guarantor mortgage can increaserepparttar 149519 amount that can be borrowed, as long asrepparttar 149520 borrower’s parents have enough income to cover all their own debts, plus their child's mortgage each month; howeverrepparttar 149521 parent will not have to make any payments themselves unless their child’s mortgage goes into arrears.

An offset mortgage could mean that money from a parent’s savings account can be offset against their child’s mortgage. Althoughrepparttar 149522 parent would not receive interest on their savings,repparttar 149523 reduction inrepparttar 149524 amount to be paid by their child could make a big difference, and they would not incur tax onrepparttar 149525 amount either.

A ‘Professionals’ mortgage is a possibility for certain workers, which allows them to borrow more than their initially low-pay career would usually make them eligible for, onrepparttar 149526 understanding that their future pay will increase rapidly as they become high earners.

Whilst some may urge for caution to preventrepparttar 149527 possibility of building up financially crippling levels of debt, others see a need for buyers to act fast.

Marjorie Townsend, of Lindsays Residential, believes: “The best advice for first-time buyers is to move quickly …There really is nothing to be gained by waiting for a competitive closing date, which will driverepparttar 149528 price up. There are lots of sellers out there who are eager to sell and whose particular circumstances may require a quick transaction."

Overall it seems thatrepparttar 149529 situation for FTBs will continue to prove difficult unless a major change occurs that bridgesrepparttar 149530 gap between income and house prices for those in most need. Recent government initiatives such asrepparttar 149531 Shared Equity scheme, that allows part ownership of property, may go some way to enabling some FTBs to start out, but Ed Davey MP,repparttar 149532 Liberal Democrat housing spokesman, believesrepparttar 149533 policy could make housing even more expensive, "It seems to be looking atrepparttar 149534 demand side which could stoke house price inflation and makerepparttar 149535 problem of affordable housing even worse." Untilrepparttar 149536 issue of supply and demand is addressed, there will continue to be problems. According torepparttar 149537 Barker Review, which was published in April, up to 140,000 new homes need to be built each year inrepparttar 149538 UK if supply is to keep up with demand. Even if new homes are built at this rate,repparttar 149539 time taken to stabiliserepparttar 149540 market will mean further delays for prospective new buyers who want to own property. Further information Moneynet mortgage price comparisons Full NS&I research House price reports

Richard lives in Edinburgh, occasionally writing for the personal finance blog Cashzilla ( ), and wonders why dyslexia is so difficult to spell.

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